Mining Review 28th May 2023
Not much significant news this week, Karora Resources reported record production and Wesdome a new discovery, otherwise the week was quiet on the news front.
Gold fell after hawkish interest rate talk by the FED,but the lithuim price soared.
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Mining Review 28th May 2023
Not much significant news this week, Karora Resources reported record production and Wesdome a new discovery, otherwise the week was quiet on the news front.
Gold fell after hawkish interest rate talk by the FED.
The price of lithium continues to soar, up another 20% last week
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News from companies on our watchlist is below, click on the links to read the full news item.
Rumble Resources Significant Director Purchase
Impact Minerals HPA Story Interview
Wesdome Identified a Potential Bulk Tonnage Target
Cyprium Metals Corporate Update
Lefroy Transformed by Mineral Rights Acquisition
Karora Resources Reported Record Production
Market Data
Weekly Price Movements
(US$ unless stated)
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Metal prices
| Gold price in UK £ | 1578 | -0.63% |
| Gold | 1947 | -1.57% |
| Silver | 23.33 | -2.30% |
| Palladium | 1449 | -4.29% |
| Platinum | 1037 | -3.08% |
| Rhodium | 6900 | -0.72% |
| Copper | 3.59 | -3.23% |
| Nickel | 9.58 | -0.73% |
| Zinc | 1.01 | -10.62% |
| Tin | 11.22 | -2.60% |
| Cobalt | 13.39 | -13.78% |
| Manganese | 3.06 | -0.97% |
| Lithium | 39791 | +20.17% |
| Uranium | 53.6 | +0.37% |
| Iron Ore | 95.7 | -10.81% |
| Coking Coal | 228 | +1.79% |
| Thermal coal | 140 | -14.63% |
| Magnesium | 3439 | -10.91% |
Metal ETFs
| GDX | 30.41 | -5.29% |
| GDXJ | 36.32 | -5.10% |
| Sil | 26.62 | -4.96% |
| SILJ | 9.55 | -5.54% |
| GOEX (PCX) | 24.62 | -4.61% |
| GLD | 180.92 | -1.46% |
| COPX | 35.62 | -3.68% |
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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 Karora REsources