Mining Review 23rd July 2023
Gold and silver trod water this week, whilst iron ore, coking coal, and thermal coal all ended strongly positive.
American Creek and Rumble Resources announced good exploration results, and Cabral Gold announced an NSR with Osisko Gold Royalties for $5m.
.
I-80 Gold – Ruby Hill
Archives
News from our watchlist companies this week.
We had two exploration successes announced this week, with both American Creek (via JV partner Tudor Gold), and Rumble Resources announcing good drill results.
Perhaps the biggest news of the week was the deal announced by Cabral Gold, which has agreed a C$5 million investment from Osisko Gold Royalties for a 3% NSR, to assist the Feasability Study for their Brazilian gold project.
Links to all this week’s news are highlighted in blue below, just click the link to read the full story.
Calidus Resources Noosa Presentation
Calidus presented at the Moosa Mining Conference, and the presentation is attached. The company is improving performance after a shaky start to gold production at their Warrawoona Gold Mine, WA.
Gold had a better week after poor US employment numbers, base metals were largely positive despite Chinese economic concerns. Calidus Resources, Cartier Resources, and i-80 Gold all reported good drill results.
Market Data
Weekly Price Movements
(US$ Unless stated)
Metal and Index Prices
| Gold price in UK £ | 1527 | 2.19% |
| Gold | 1962 | 0.31% |
| Silver | 24.63 | -1.32% |
| Palladium | 1296 | 1.73% |
| Platinum | 964 | -2.13% |
| Rhodium | 4050 | -6.90% |
| Copper | 3.88 | -0.26% |
| Nickel | 9.6 | 0.10% |
| Zinc | 1.09 | -2.68% |
| Tin | 13.27 | -0.67% |
| Cobalt | 14.85 | 0.00% |
| Manganese | 3 | 0.33% |
| Lithium | 40092 | -3.76% |
| Uranium | 55.75 | -0.45% |
| Iron Ore | 115.2 | 3.83% |
| Coking Coal | 236 | 4.89% |
| Thermal coal | 140 | 9.38% |
| Magnesium | 3067 | -1.13% |
| Lumber | 545 | -5.55% |
| GDX | 31.49 | -1.47% |
| GDXJ | 37.91 | -1.20% |
| Sil | 27.45 | -0.69% |
| SILJ | 10.25 | -0.29% |
| GOEX (PCX) | 26.11 | -1.95% |
| GLD | 182.18 | 0.41% |
| COPX | 38.98 | -2.21% |
.
.
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
=======
.
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
.
=======
,
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.
.
.
Disclosure
At the time of writing the author holds shares in American Creek Resources, and i-80 Gold Corp.
..