Mining Review 29th September 2024
West Red Lake Gold Mines announced a high-grade gold discovery, and a Town Hall Meeting to meet local citizens to highlight the opportunities at the intended mine reopening in 2025.
BPM Minerals completed drilling at their exciting Louie Project area.
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BPM Minerals’ area map showing the proximity to Capricorn Metal’s Mount Gibson Project.
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City Investors Circle Mining Review 29th September 2024
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The week started quietly and then the Chinese government announced a huge economic stimulus package, and precious, base, and industrial metals all moved up in anticipation of greater demand.
Gold and silver remain strong, with the latter now starting to outpace the former, with the gold silver ratio dropping to around 82.
Copper jumped on the Chinese stimulus news just as it looked in danger of falling below $4 lb, and iron ore leapt back over $100 after looking in danger of falling below $90.
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West Red Lake Gold Mines announced a high-grade gold discovery, and a Town Hall Meeting to meet local citizens to highlight the opportunities at the intended mine reopening in 2025.
Interestingly the share price is dropping back a little since that good news, which may present an opportunity if it drifts any further.
BPM Minerals completed drilling at their exciting Louie Project area, very close to Capricon Metal’s Mt. Gibson gold project. This is a stock to keep an eye on as if they produce good drill results they must surely be a target for the larger neighbour just over the fence?
News from our watchlist companies is below, kist click on the link to read the full story.
Archives
West Red Lake Gold Mines To Host a Red Lake Town Hall Meeting
Uranium Energy Corp Expands U.S. Production Capacity
BPM Minerals completes drilling at Louie
Calidus Resources David Reeves No longer an Employee
West Red Lake Gold Mines Intersected 49.39 g/t Au over 4.48m
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Market Data
Weekly Price Changes
(US$ unless stated)
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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.
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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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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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