Mining Review 26th December 2022
i-80 Gold and Rokmaster Resources both announced good gold discoveries, and Cyprium Metals announced an offtake prepayment facility of their Nifty Copper project.
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i-80 Gold Ruby Hill Mine, Nevada, USA
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Mining Review 26th December 2022
The talking point of the week was the order by the Panamanian government to First Quantum Minerals to stop mining at their Cobre Panama giant copper mine, as the two sides cannot agree a new mining agreement.
They have agreed a new tax rate increasing by around $350 million the payments to the Panamanian government, but First Quantum want a scaled approach depending upon the price of copper, and this is the crux of the problem.
It’s beer and popcorn time as the mine provides 3.5% of Panama’s GDP, and First Quantum have invested billions in the project, so an agreement will have to be made, let’s see who blinks first.
Turning to those stocks we follow on our watchlist, i-80 Gold and Rokmaster Resources both announced good gold discoveries, and Cyprium Metals announced an offtake prepayment facility of their Nifty Copper project.
Colonial Coal had to reassure the market after a triple whammy of tax loss selling, the Tech deal with Conuma, and the Glencore B.C. authorities’ project rejection all weighed heavily on CAD’s shareprice.
Argosy Minerals Produce 99.76% Lithium Carbonate
Colonial Coal says projects unaffected by Sukunka EA
Cyprium Metals Secured a US$35M Secured Offtake Prepayment Facility for Nifty
I-80 Gold Finds More High Grade Mineralization at Ruby Hill
Rokmaster sampled 18.26 g/t Au Eq over 3.5m
Uranium Energy Corp. Reported Q1 Results 2023
Mining Review 18th December 2022
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Market Data
Week on week price changes
(US$ unless stated)
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Metal prices
| Gold price in UK £ | 1493 | 2.47% |
| Gold | 1799 | 0.33% |
| Silver | 23.76 | 2.28% |
| Palladium | 1759 | 3.35% |
| Platinum | 1035 | 4.23% |
| Rhodium | 12290 | -0.81% |
| Copper | 3.79 | -0.26% |
| Nickel | 13 | 0.15% |
| Zinc | 1.36 | -7.48% |
| Tin | 10.85 | 1.12% |
| Cobalt | 23.25 | 0.04% |
| Manganese | 3.35 | 0.60% |
| Lithium | 73538 | -1.51% |
| Uranium | 48.1 | -0.10% |
| Iron Ore | 110.4 | -0.99% |
| Coking Coal | 275 | 0.00% |
| Thermal coal | 379 | 1.07% |
| Magnesium | 3269 | -0.67% |
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Metal ETFs
| GDX | 28.87 | 0.94% |
| GDXJ | 36.12 | 2.53% |
| Sil | 28.77 | 2.35% |
| SILJ | 10.74 | 1.32% |
| GOEX (PCX) | 25.16 | 3.67% |
| GLD | 167.26 | 0.28% |
| COPX | 36.03 | 0.87% |
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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 shares in Argosy Minerals, Colonial Coal, Cyprium Metals, and i-8- Gold.
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