Mining Review 18th August 2024
Gold hit a new nominal all-time high this week, breaching $2,500.
Calibre Mining and Orla Mining published good results, and Victoria Gold, as predicted here, went into receivership and the stock will be delisted.
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City Investors Circle Mining Review 18th August 2024
Gold hit a new nominal all-time high this week, breaching $2,500.
Calibre Mining and Orla Mining published good results,.
Victoria Gold, as predicted here, went into receivership and the stock will be delisted. The company has gone from one disaster to another, and now a shareholder is suing the company and some directors, which looks as though it will get messy.
Management are now blaming their lawyers for instructing them to keep quiet and not issue news releases. Well they employ the lawyers so they should have overridden that advice and informed the Yukon authorities what steps they were taking, and shareholders as well, of course.
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News from our watchlist companies last week is listed below, please click on the links to read the full story.
Archives
Orla Mining Reported Q2 2024 Financial Results
Westgold Declared Maiden South Junction Ore Reserve
Victoria Gold Placed Into Receivership
Calibre Mining Reported Q2 and YTD Financial Results
West Red Lake Gold Mines Intersect 1ed07.61 g/t Au
Click here for all company news archives
Market Data
Weekly % Price Changes
(US$| unless stated)
| Metal Prices | Price | Weekly % change |
| Gold price in UK £ | 1940 | 1.73% |
| Gold | 2509 | 3.17% |
| Silver | 29.03 | 5.64% |
| Palladium | 942 | 5.13% |
| Platinum | 962 | 3.55% |
| Rhodium | 4725 | 2.16% |
| Copper | 4.09 | 4.34% |
| Nickel | 7.34 | 1.10% |
| Zinc | 1.17 | 0.00% |
| Tin | 14.4 | 5.49% |
| Cobalt | 11.73 | 0.09% |
| Manganese | 3.38 | -2.87% |
| Lithium | 9688 | -4.14% |
| Uranium | 81.3 | -0.25% |
| Iron Ore | 94.1 | -5.14% |
| Coking Coal | 187 | -4.10% |
| Thermal coal | 152 | 2.01% |
| Metal ETFs | Price | Weekly % change |
| GLD | 231.99 | 3.31% |
| GDX | 38.49 | 7.39% |
| GDXJ | 46.55 | 9.30% |
| Sil | 32.87 | 8.48% |
| SILJ | 12.08 | 10.32% |
| GOEX (PCX) | 31.37 | 10.93% |
| URA | 25.32 | 2.43% |
| COPX | 42.3 | 5.64% |
| HUI | 312.09 | 8.67% |
| ASX:XGD | 22.88 | 7.22% |
| Gold / Silver ratio | 86.43 | -2.34% |
| 10 yr Tbond (TNX) | 3.89 | -1.27% |
| 2 yr T bond US2Y | 4.06 | 0.00% |
| US index (DXY) | 102.4 | -0.73% |
| SPJXGD | 57.64 | 9.87% |
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City Investors Circle is based in the financial district in the City of London
We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.
Our audience is selected and invited individually to ensure interest and relevance for the presenting company.
Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.
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If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com
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This website is not sponsored, we are truly independent, and will always remain so.
Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.
All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.
These articles are for awareness and informational purposes only, and are not recommendations in any form. Always consult an investment professional.
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