Mining Review 28th July 2024

Capricorn Metals cheered the market with an upbeat exploration report in an otherwise quiet week for exploration results.

Victoria Gold looks to be teetering on the edge of the abyss, as the news following their heap leach pad disaster continues to get worse.

 

 

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City Investors Circle Mining Review 28th July 2024

Capricorn Metals cheered the market with an upbeat exploration report in an otherwise quiet week for exploration results.

Barton Gold’s Tunkilla Scoping Study failed to excite the market, whereas BMP Minerals drill news at least pushed the share price up a little.

Victoria Gold looks to be teetering on the edge of the abyss, as the news following their heap leach pad diaster continues to get worse. 

The Yukon government have just issued a news release updating on the situation at the disaster site, where some deliterious elements seem to have contaminated some water, though there are no signs of fish or animal deaths as a result yet.

To make matters worse, some nearby wild fires are causing access problems to the Eagle mine. 

I still predict this company will go into administration soon, I cannot see any way back for them and I’m surprised it’s still trading, and even more surprised anyone is still buying the shares.

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Market Data

Weekly price changes

(US$ unless stated)

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Metal Prices	Price	Weekly % change
Gold price in UK £	1856	0.27%
Gold	2388	-0.54%
Silver	27.94	-4.38%
Palladium	887	-2.10%
Platinum	949.25	-2.04%
Rhodium	4650	2.20%
Copper	4.04	-4.72%
Nickel	7.02	-4.49%
Zinc	1.18	-4.84%
Tin	13.19	-8.21%
Cobalt	11.76	0.00%
Manganese	4.01	-7.60%
Lithium	11238	0.21%
Uranium	82	-3.19%
Iron Ore	99.1	-5.62%
Coking Coal	205	-3.76%
Thermal coal	138	-0.58%
Metal ETFs	Price	% change
GLD	220.63	-0.50%
GDX	36.48	-2.41%
GDXJ	44.43	-3.20%
Sil	33.24	-3.12%
SILJ	12.05	-2.19%
GOEX  (PCX)	29.3	-3.04%
URA	27.54	-2.34%
COPX	42.58	-1.69%
HUI	292.69	-1.30%
ASX:XGD	21.75	-1.05%
Gold / Silver ratio	85.47	4.01%

 

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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.

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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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