Mining Review 27th August 2023

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.



.UEC Mining




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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At the time of writing the author holds shares in American Creek. i-80 Gold, and Karora Resources

..Amercian Creek and Karora resources