Mining Review 22nd September 2024
Gold reached a new (nominal) all-time high during the week as the US rate cut lowered the value of the US dollar.
BPM Minerals announced good drill results just south of Capricorn Metals’ Mount Gibson property in Western Australia.
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City Investors Circle Mining Review 22nd September 2024
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Gold reached a new (nominal) all-time high during the week, ending at $2,625 an ounce, as the US rate cut lowered the value of the US dollar.
Industrial metals improved as anticipation of a Chinese government stimulus package to promote growth grows. Bellwether copper rose 3.39%.
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BPM Minerals announced good drill results just south of Capricorn Metals‘ Mount Gibson property in Western Australia. The stock rose sharply briefy to 14c, then fell back to close at 8 cents.
News from companies in our watchlists in listed below, click on the link to be taken to the full story.
American Creek Aquisition to be Financed by Gold Tokens
Westgold Published an Updated Corporate Update
BPM Minerals High-Grade Gold Discovery at the Claw Gold Project
Pacgold to Commence Aircore and RC Drilling at Alice River
Capricorn Metals Updated Corporate Presentation
Mining Review 15th September 2024
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Market Data
Weekly Price Changes
(US$ unless stated)
| Metal Prices | Price | Weekly |
| Gold price in UK £ | £1970 | 0.20% |
| Gold | 2623 | 1.71% |
| Silver | 31.21 | 1.23% |
| Palladium | 1065 | -0.75% |
| Platinum | 980 | -2.78% |
| Rhodium | 4750 | -1.04% |
| Copper | 4.27 | 3.39% |
| Nickel | 7.31 | 1.53% |
| Zinc | 1.31 | 3.15% |
| Tin | 14.47 | 1.62% |
| Cobalt | 10.82 | 0.19% |
| Manganese | 2.99 | -1.64% |
| Lithium | 9998 | 0.73% |
| Uranium | 79.3 | -0.88% |
| Iron Ore | 91.8 | -0.97% |
| Coking Coal | 173 | 10.19% |
| Thermal coal | 136.8 | 2.09% |
| Metal ETFs | Price | Weekly % change |
| GLD | 242.21 | 1.48% |
| GDX | 40.51 | 1.05% |
| GDXJ | 49.71 | 1.49% |
| Sil | 35.53 | 0.94% |
| SILJ | 12.9 | 0.78% |
| GOEX (PCX) | 33.63 | 0.72% |
| URA | 27.18 | 6.88% |
| COPX | 43.4 | 4.96% |
| HUI | 328.75 | 0.03% |
| ASX:XGD | 23.78 | 0.25% |
| Gold / Silver ratio | 84.04 | 0.47% |
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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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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.
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