Mining Review 24th May 2026
A poor week for mining company stocks, with most slipping further down following a few poor weeks, after the precious metal price fell back following the US / Israel’s attack on Iran.
Precious metals traded mostly sideways during the week.
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City Investors Circle Mining Review 24th May 2026
Mining Review 24th May 2026 – A poor week for mining company stocks, with most slipping further down following a few poor weeks, after the precious metal price fell back following the US / Israel’s attack on Iran.
Precious metals traded mostly sideways during the week, but that failed to stem the losses of the mining stocks.
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A good example is G Mining Ventures is now off around 25% from the high, despite everything being on track for the new Oko West gold mine in Guyana in around a year or so.
The company released strong results this week but the share price continued to decline.
Mogotes Meals announced a major discovery in Southern Argentina at its Filo Sur project.
Altair Minerals and Barton Gold both announced good gold discoveries at their respective projects in Guyana and South Australia.
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Significant news from our watchlist companies for the last week is listed below, please click on the link to be taken to the full story.
Mogotes Metals Announced a Major Gold Discovery
Barton Gold Increased the Challenger Mineralisation
Altiair Reported High-grade Gold Samples at Soko
Kaiser Reef Union Hill Decline Refurbishment Underway
Westgold Divested Peak Hill to Great Boulder for A$58.3m
G Mining Ventures Reported First Quarter 2026 Results
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Market Data
Weekly Price Changes
(US$ unless stated)
| Metal Prices | 240526 | % change |
| Gold price in UK £ | 3376 | -0.88% |
| Gold in AUD$ | 6344 | -0.14% |
| Gold | 4534 | -0.13% |
| Silver | 77 | 1.32% |
| Palladium | 1361 | -4.15% |
| Platinum | 1937 | -1.73% |
| Rhodium | 9650 | -2.53% |
| Copper | 6.36 | 1.60% |
| Nickel | 8.57 | 2.15% |
| Zinc | 1.61 | 0.63% |
| Tin | 24.1 | -2.78% |
| Cobalt | 25.53 | 0.00% |
| Lithium | 25946 | -8.03% |
| Uranium | 84.7 | -1.68% |
| Iron Ore | 106 | -4.50% |
| Coking Coal | 239 | 0.00% |
| Thermal coal | 138 | 3.37% |
| Metal ETFs | Price | % change |
| GLD | 413 | -0.96% |
| GDX | 85 | -2.30% |
| GDXJ | 112 | -3.45% |
| Sil | 88 | -4.35% |
| SILJ | 29 | -3.33% |
| GOEX (PCX) | 77 | -6.10% |
| URA | 49 | -2.00% |
| COPX | 83 | 0.00% |
| HUI | 727 | -2.68% |
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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.
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Declaration
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