Mining Review 26th November 2023
i-80 Gold announced high grade results from their Cove Gold Project in an otherwise quiet week for news from our watchlist stocks.
The recent Global Mining Finance Conference was busy as it lead into the London Mining fortnight, with other conferences to follow.
.
i-80 Gold Cove Portal
.
Mining Review 26th November 2023
i-80 Gold announced high grade results from their Cove Gold Project in an otherwise quiet week for news from our watchlist stocks.
The recent Global Mining Finance Conference was busy as it lead into the London Mining fortnight, with other conferences to follow.
It’s the time of year that I find myself looking at my portfolio and the site’s watchlists, and having a clear out of stocks I no longer have the same warm feeling for that I once did, mainly because the story has changed, or delays have become interminable.
My first sale is Minera Alamos, a stock that has disappointed from production startup. The company went into production without a 43-101, but with an experienced team constructing a low cost mine on time and on budget, it augered well.
Sadly production startup has not gone well with a lack of rain being blamed for poor production figures that have resulted in poor financial performance thus far, although there are hopes that this year’s will be better.
On top of that they are waiting for the permit to construct the Cerro de Oro open pit mine, in a race against time due to the Mexican election early next year.
I look at it this way, if Minera improve things I can always buy back in the future, but for now I feel more comfortable out of the stock.
Another stock I’m looking closely at is Argosy Minerals, with a falling lithium price and little production news out of Argentina. I may well cut my losses here in the next few days.
I am now turning my attention to the watchlist, where I’m going to weed out a few non performers, with Tinka Resources on that list already.
I’m looking for new companies likely to have plenty of newsflow and well funded to replace them. G Mining Ventures is one I am going to add.
News from our watchlist companies last week can be found by clicking the links below.
Cabral Gold Announced Cuiu Cuiu PFS Update
Portfolio Adjustment – Selling Minera Alamos
Neometals Launched Placement and Entitlement Offer
Canadian Anti Shorting Conference
i-80 GOLD Announces Cove High Grade Results
Global Mining Finance Conference Was Busy
Mining Review 19th November 2023
Market Data
Weekly Price Changes
(US$ unless stated)
| Gold price in UK £ | 1591 | 0.06% |
| Gold | 2002 | 1.06% |
| Silver | 24.34 | 2.57% |
| Palladium | 1085 | 2.94% |
| Platinum | 934 | 3.43% |
| Rhodium | 4350 | -2.25% |
| Copper | 3.77 | 1.89% |
| Nickel | 7.38 | -2.77% |
| Zinc | 1.14 | -2.56% |
| Tin | 10.97 | -3.35% |
| Cobalt | 14.86 | 0.00% |
| Manganese | 2.8 | -1.75% |
| Lithium | 16843 | -7.21% |
| Uranium | 80.25 | 8.45% |
| Iron Ore | 135.6 | 3.35% |
| Coking Coal | 326 | 4.15% |
| Thermal coal | 127.5 | 1.19% |
| Magnesium | 3080 | 2.12% |
| Indexes | ||
| GDX | 29.32 | 3.13% |
| GDXJ | 35.86 | 3.64% |
| Sil | 26.17 | 3.19% |
| SILJ | 9.16 | 5.05% |
| GOEX (PCX) | 23.72 | 2.51% |
| GLD | 185.52 | 1.01% |
| COPX | 34.49 | 1.32% |
.
=======
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 i-80 Gold, and Minera Alamos.
.