Mining Review 27th August 2023
Gold bounced back strongly after falling on US interest rate rise expectations.
American Creek and Karora Resources both reported good drill results from recent exploration activity.
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City Investors Circle Mining Review 27th August 2023
Gold bounced back strongly after falling below $1900 on US interest rate rise expectations.
The price of lithium has fallen sharply again, down 8.7% last week and over 26% in the last month.
As we are in drilling season there’s not too much newsflow currently, but American Creek, i-80 Gold, and Karora Resources all reported good drill results from their recent exploration activity.
American Creek benefit from Tudor Gold paying to do drilling on their behalf at Treaty Creek, which was what attracted me to the company in the first place, no share dilution required.
i-80 Gold have four projects in Nevada, with Ruby Hill producing some strong polymetallic drill results consistently.
Karora Resources continue to make discoveries at their Beta Hunt mine in Western Australia, the good news keeps on flowing. I like then ickel component to their mainly gold story, it’s a backstop if you like for a poor gold price, as the two metals are often inversely correlated due to nickel being an industrial metal.
All the news from our watchlist companies is below, click on the links to be taken to the full story on our website.
I-80 Gold Announced High-Grade Results at Ruby Hill
UEC Acquired a Portfolio of Canadian Uranium Projects
Neometals’ Mercedes Battery Recycling Plant Order
Karora Resources Reported New Fletcher South Results
Karora Resources appointed Makuch as Director, Humphry as CFO
American Creek’s JV Partner Intersected 1.48 g/t AUEQ Over 210m
Mining Review 20th August 2023
Market Data
Weekly price changes
(US$ unless stated)
Metal prices
| Gold price in UK £ | 1519 | 2.36% |
| Gold | 1911 | 1.11% |
| Silver | 24.19 | 6.28% |
| Palladium | 1225 | -2.62% |
| Platinum | 942 | 2.61% |
| Rhodium | 4100 | 0.00% |
| Copper | 3.8 | 1.88% |
| Nickel | 9.3 | 3.45% |
| Zinc | 1.06 | 0.95% |
| Tin | 11.62 | 2.47% |
| Cobalt | 14.84 | -0.07% |
| Manganese | 2.88 | -1.03% |
| Lithium | 27783 | -8.77% |
| Uranium | 58.25 | 2.64% |
| Iron Ore | 116 | 10.27% |
| Coking Coal | 252 | -0.40% |
| Thermal coal | 155 | 0.00% |
| Magnesium | 3307 | 3.57% |
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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 American Creek. i-80 Gold, and Karora Resources
..Amercian Creek and Karora resources