Mining Review 20th October 2024
A week of highs and lows, with Orla Mining and Westgold announcing positive production updates, and Calibre Mining and West Red Lake Gold issuing disappointing news to dampen the mood in a week where gold reached a new all-time high price of $2,720.
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City Investors Circle Mining Review 20th October 2024
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A week of highs and lows, with Orla Mining and Westgold announcing positive production updates, and Calibre Mining and West Red Lake Gold issuing disappointing news to dampen the mood in a week where gold reached a new all-time high price of $2,722, due to political turmoil and US rate cut expectations.
Industrial metals trended downward in a week where the precious metals rose.
The gold / silver ratio fell to 80 as silver is currently outperforming gold due to its industrial applications.
Looking at our watchlist companies, there were mixed news releases.
Orla Mining and Westgold had three positive news releases beteen them to start the week, and then just as the higher gold price was maintaining an optimistic mood, Calibre Mining released poor production figures, and then West Red Lake Gold Mines announced another discounted fundraising, crashing the shareprice.
News from all our main watchlist companies is below, click the lin to be taken to the full story.
West Red Lake Gold Mines Raised Further Funds
Calibre Announces Q3 & Year to Date 2024 Gold Production
Cartier cuts a high-grade gold system with 14.7 g/t Au over 4.3 m
Orla Mining Repays Revolving Credit To Become Debt-Free
Westgold Announced Record Prodution Post Merger
Orla Mining Announced a Positive Production Update
Mining Review 13th October 2024
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| Metal Prices | Price | Weekly % change |
| Gold price in UK £ | £2086 | 2.41% |
| Gold | 2722 | 2.45% |
| Silver | 33.74 | 5.83% |
| Palladium | 1086 | 1.59% |
| Platinum | 1023 | 2.79% |
| Rhodium | 4775 | 0% |
| Copper | 4.25 | -1.39% |
| Nickel | 7.54 | -3.08% |
| Zinc | 1.36 | -0.73% |
| Tin | 14.2 | -3.79% |
| Cobalt | 10.88 | 0.09% |
| Manganese | 2.94 | -1.34% |
| Lithium | 9774 | -4.03% |
| Uranium | 83.3 | -0.12% |
| Iron Ore | 104.1 | -1.61% |
| Coking Coal | 205 | -1.91% |
| Thermal coal | 147.3 | -1.34% |
| Metal ETFs | Price | Weekly % change |
| GLD | 251.27 | 2.14% |
| GDX | 43.15 | 7.74% |
| GDXJ | 53.87 | 8.54% |
| Sil | 39.34 | 8.08% |
| SILJ | 14.49 | 8.87% |
| GOEX (PCX) | 35.07 | 4.59% |
| URA | 32.8 | 9.33% |
| COPX | 45.81 | -2.22% |
| HUI | 344.56 | 7.93% |
| Gold / Silver ratio | 80.68 | -3.20% |
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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.
We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.
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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