Mining Review 21st April 2024
Gold Road Resources made the major news this week when they confirmed media speculation that they are negotiating to buy a stake in a Canadian gold mine, and also conformed the resumption of mining at their Gruyere Mine.
Calibre Mining, and West Red Lake Gold reported high-grade gold intercepts.
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City Investors Circle Mining Review 21st April 2024
The price of gold stayed strong, defying the midweek news about no imminent FED rate cuts to stay just under $2400 per ounce.
Gold Road Resources made the major news this week when they confirmed media speculation that they are negotiating Gold Road confirms its participation in a sale process conducted by Orion Resource Partners (USA) LP for Greenstone Gold Mines.
They also confirmed the resumption of mining at their Gruyere Mine in Western Australia, after using alternate northerly roads to circumvent the flood affected road that prevented supplies reaching their mine.
Calibre Mining, and West Red Lake Gold reported high-grade gold drill intercepts.
Galiano Gold produced steady 2024 production and cost guidance for their mine in Ghana.
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To read all of this week’s stories of significance from our watchlist companies, please click on the links below.Archives
Gold Road Resumed Production at Gruyere
West Red Lake Gold Intersects 68.36 g/t Au over 1.1m
Galiano Gold Reported 2024 Guidance
Calibre Mining Intercepted High-grade Gold and Silver Mineralisation
West Red Lake Gold Accelerated its Drill Program
Gold Road Resources Responded to Media Speculation
| Metal Prices | 210424 | Weekly % change |
| Gold price in UK £ | 1935 | 2.60% |
| Gold | 2392 | 2.00% |
| Silver | 28.69 | 2.61% |
| Palladium | 1035 | -2.08% |
| Platinum | 937 | -4.49% |
| Rhodium | 4750 | 0.53% |
| Copper | 4.36 | 3.07% |
| Nickel | 8.46 | 3.30% |
| Zinc | 1.28 | 4.07% |
| Tin | 15.42 | 6.71% |
| Cobalt | 12.46 | -2.50% |
| Manganese | 3.31 | 8.17% |
| Lithium | 15128 | -0.01% |
| Uranium | 89.3 | 0.22% |
| Iron Ore | 116.4 | 7.18% |
| Coking Coal | 326 | 34.71% |
| Thermal coal | 138.5 | 4.92% |
| Metal ETFs | ||
| GLD | 221.03 | 1.91% |
| GDX | 34.07 | 0.92% |
| GDXJ | 42.19 | 0.48% |
| Sil | 31.41 | -0.16% |
| SILJ | 11.21 | 0.18% |
| GOEX (PCX) | 28.05 | 1.56% |
| URA | 28.83 | -4.60% |
| COPX | 45.98 | 1.10% |
| HUI | 262.73 | -0.09% |
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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.
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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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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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