Mining Review 21st May 2023
Neometals and Calidus Resources published positive updates in a week devoid of news of substance.
Most metals also had a poor week, but lithium rose strongly and looks to be on the way back up after a terrible year so far.
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Japan Gold rock sample
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City Investors Circle Mining Review 21st May 2023
Neometals and Calidus Resources published positive updates in a week devoid of news of substance.
Most metals also had a poor week, but lithium rose strongly and looks to be on the way back up after a terrible year so far.
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News from companies on our watchlist was sparse this week, and can be found by clicking the links below.
We are moving into the summer doldrums so we may see a decline in share prices and the price of gold, although the latter is fluctuating on FED interest related news rather than the traditionally slow summer months.
Cornish Metals South Crofty Progress Report
Maple Gold Outlines VMS Summer Field Program
Goldshore Selects Ausenco to Conduct the PEA
Calidus Resources Publishes a New Corporate Presentation
New Mining listings on the TSX Venture Exchange
Neometals’ Barrambie Titanium Project PFS Update
Read more: http://www.city-investors-circle.com/archives/#ixzz82IDFt5VJ
Market data
Weekly Price Changes
(US$ unless stated)
Metal Prices
| Gold price in UK £ | 1588 | -1.73% |
| Gold | 1978 | -1.64% |
| Silver | 23.88 | -0.42% |
| Palladium | 1514 | +0.20% |
| Platinum | 1070 | +1.42% |
| Rhodium | 6950 | -7.33% |
| Copper | 3.71 | -1.07% |
| Nickel | 9.65 | -4.36% |
| Zinc | 1.13 | -3.92% |
| Tin | 11.52 | -2.62% |
| Cobalt | 15.53 | 0.00% |
| Manganese | 3.09 | +0.32% |
| Lithium | 33111 | +21.31% |
| Uranium | 53.4 | 0.00% |
| Iron Ore | 107.3 | +8.93% |
| Coking Coal | 224 | -8.57% |
| Thermal coal | 164 | +2.50% |
| Magnesium | 3860 | -2.50% |
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Metal ETFs
| GDX | 32.11 | -4.43% |
| GDXJ | 38.27 | -4.25% |
| Sil | 28.01 | -3.38% |
| SILJ | 10.11 | -2.69% |
| GOEX (PCX) | 25.81 | -4.19% |
| GLD | 183.6 | -1.72% |
| COPX | 36.98 | -0.38% |
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If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com
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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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Disclosure
At the time of writing the author holds in shares in Calidus Resources and Goldshore Resources