Mining Review 19th January 2025

Mining Review 19th January 2025

Orla Mining announced results that beat the improved guidance for the year by 19%.

Westgold is set to increase production in Q1. Meeka Metals announced a high-grade gold dicovery at Turnberry, Murchison.

 

 

Meeka Metals

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City Investors Circle Mining Review 19th January 2025
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Gold continues to march forward despite being in a market where increasing yields and interest rates would normally knock it back. Silver was up a whopping 6% in a week, and the PGM metals were also all positive.
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The falling value of the British pound is an added bonus to bullion holders in the UK. 
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UK investors that hold Australian, Canadian, and US stocks are also benefitting due to the the weakness of the pound.
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Industrial metals were mostly positive, although lithium and uranium both fell.
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Orla Mining announced results that beat the recently improved guidance for the year by 19%.

Westgold is set to increase production in Q1. Meeka Minerals announced a high-grade gold discovery at Turnberry, Murchison.

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All the significant news from our watchlist companies can be accessed by clicking the links below to be taken to the full story.

American Creek’s JV Partner Tudor Gold Intensifies Exploration Efforts

Orla Mining Achieved a Record Annual Gold Production

Meeka Metals Announce High-Grade Gold at Turnberry

Meeka Metals – Initiating Coverage

Orla Mining’s Proxy Advised Shareholders to Vote for the Musselwhite Acquisition

 Westgold Group Production Lifted in Q2 FY25

Mining Review 12th January 2025

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Market Data

Weekly Price Changes

(US$ unless stated)

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Metal Prices Price Weekly % change
Gold price in UK £ 2230 3.90%
Gold US$ 2704 1.82%
Silver 30.49 6.40%
Palladium 951 4.82%
Platinum 944 4.61%
Rhodium 4575 5.59%
Copper 4.14 3.05%
Nickel 7.1 1.17%
Zinc 1.28 -3.76%
Tin 13.39 6.09%
Cobalt 10.73 0.00%
Manganese 2.9 0.00%
Lithium 10029 -0.22%
Uranium 73.9 -2.02%
Iron Ore 103.8 -5.31%
Coking Coal 195.5 -4.41%
Thermal coal 115.3 -7.51%
 
 
Metal ETFs Price Weekly % change
GLD 249.27 1.80%
GDX 36.75 2.68%
GDXJ 46.02 2.33%
Sil 33.01 0.18%
SILJ 10.57 1.26%
GOEX  (PCX) 31.44 1.87%
URA 28.03 -4.60%
COPX  39.83 0.59%
HUI  296.67 3.05%
Gold / Silver ratio 88.68 -4.31%

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Click HERE for live Spot Metal Prices 

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