Mining Review 25th August 2024
Gold hit another new (nominal) all-time high during the week.
Aris Mining, Calibre Mining, and Westgold announced positive drill results.
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City Investors Circle Mining Review 25th August 2024
Gold hit another new (nominal) all-time high during the week, and ended above the critical $2500 level after Jay Powell suggested strongly that US rate cuts are imminent, sending bullion and stocks upwards in anticipation.
Aris Mining, Calibre Mining, and Westgold announced positive drill results in a week devoid of any real exciting news. This is the drilling season of course so we expect more excitement in the autumn as summer drill results are released.
Westgold, which aquired Karora Resources a few weeks ago, announced their first set of drill results from Beta Hunt as a combined company, and they didn’t disappoint.
American Creek, itself the subject of an acquisition, also announced drill results announced by JV partner Tudor Gold, at the Treaty Creek project in the Golden Triangle of British Columbia.
All the week’s news stories are listed below, please click the link to read the full story.
Neometals Announced a Strategic Review
Westgold Announced Fletcher Zone Drill Results At Beta Hunt
West Red Lake Gold Mines Initiated a Surface Drill Program
Calibre Mining Intercepted High-Grade Gold At Eastern Borosi
Aris Mining Announced High Grade Drill Results from Segovia Exploration
American Creek’s JV Partner Drills 13.89 G/T Gold Eq
Mining Review 18th August 2024
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Click here for all company news archives
Market Data
Weekly % Price Changes
(US$| unless stated)
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| Metal Prices | Price | Weekly % change |
| Gold price in UK £ | 1902 | -1.96% |
| Gold | 2513 | 0.16% |
| Silver | 29.84 | 2.79% |
| Palladium | 950 | 0.85% |
| Platinum | 972.55 | 1.10% |
| Rhodium | 4750 | 0.15% |
| Copper | 4.14 | 1.22% |
| Nickel | 7.55 | 2.86% |
| Zinc | 1.27 | 8.55% |
| Tin | 14.75 | 2.43% |
| Cobalt | 11.02 | -6.05% |
| Manganese | 3.03 | -10.36% |
| Lithium | 9878 | 1.96% |
| Uranium | 79.9 | -1.72% |
| Iron Ore | 97 | 3.08% |
| Coking Coal | 178 | -4.81% |
| Thermal coal | 146 | -3.95% |
| Metal ETFs | Price | Weekly % change |
| GLD | 232.02 | 0.01% |
| GDX | 39.34 | 2.21% |
| GDXJ | 47.73 | 2.53% |
| Sil | 33.81 | 2.86% |
| SILJ | 12.46 | 3.15% |
| GOEX (PCX) | 32.3 | 2.96% |
| URA | 26.81 | 5.88% |
| COPX | 43.97 | 3.95% |
| HUI | 319.42 | 2.35% |
| ASX:XGD | 23.08 | 0.87% |
| Gold / Silver ratio | 84.22 | -2.56% |
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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.
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