Mining Review 18th June 2023
A typical week in the summer market doldrums, companies are drilling now so a dearth of explorations news, and we are mainly receiving corporate and financing updates.
Wesdome Gold Mines and Cartier Resources announced positive drilling news.
City Investors Circle Mining Review 18th June 2023
Mining Review 18th June 2023 – A typical week in the summer market doldrums, companies are mostly drilling now, so there’s a dearth of explorations news, and we are mainly receiving corporate and financing updates.
It’s clear that some companies are struggling to raise funds, WEX.V confirmed a C$4.5 million raise this week, a whole C$1 million short of their original target, as an example.
The London IPO of WE Soda has been cancelled with brokers stating the reason was due to “extreme investor caution.” This was a £6 billion valuation listing, so a significant cancellation.
One wonders whether they will join other companies in seeking a US listing in the future? Companies are drifting away from London due to the higher valuations being ascribed by US based investors, compared tho their UK based peers.
Companies on our watchlists making news this week
Wesdome Gold Mines and Cartier Resources announced positive drilling news, in an otherwise quiet time for news of substance.
News items are listed below, click the links to read the full story.
Week on Week Price Changes
(US$ unless stated)
|Gold price in UK £||1528||-2.05%|
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