Mining Review 3rd November 2024

Capricorn Metals announced a $200 million financing to increase Karlawinda gold production by 2026.

Gold and silver fell slightly, industrial metals rose a little as US election fever and Chinese economic news ebb and flow.

 

 

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City Investors Circle Mining Review 3rd November 2024

 

Gold and silver fell slightly, industrial metals rose a little as US election fever and Chinese economic news ebb and flow.

With inflation increasing again in the US gold fell back a little on interest rate cut doubts, with some forecasters predicting the next step may be a rise. This has put a damoer on the gold price rise.

Disappointment at Chinese stimulus proposals led to induatrial metals weakening, with bellwether copper treading water.

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Capricorn Metals announced a $200 million financing to increase Karlawinda gold mine production by 2026. They also announced positive FY 2025 positive production numbers a few days before the financing.

American Creek announced the mailing out of materials for the AGM and Special Meeting of shareholders to approve the acquisition by Cunningham Mining, to be held on Wednesday November 27th at 5pm UK time.

The current price of 34 cents ask is 9 cents below the offer price of 43 cents, which offers an arbitrage opportunity, IF THE DEAL GOES AHEAD.

I have increased my position to try and take advantage of this potential arbitrage opportunity. Clearly some don’t think the deal will go through, but with Sprott’s backing announced I’m hopeful it will, and have taken a larger position with a view to a quick profit.

News from our watchlist stocks last week is listed below, click the link to be taken to the full story.

 

  Capricorn Metals Karlawinda to Increase Gold Production

  American Creek Resources Announced a Mailing of Meeting Materials

  Market Review for October 2024 Published

  Gold Road Issued an Updated Corporate Presentation

  Capricorn Metals Reported a Positive Q1 Production

  G Mining Filed an Oko West 43-101 Report

  Mining Review 27th October 2024

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Gold price in UK £	2120	-0.19%
Gold	2737	-0.47%
Silver	32.47	-3.68%
Palladium	1113	-7.10%
Platinum	998	-3.29%
Rhodium	4675	-1.58%
Copper	4.28	0.23%
Nickel	7.04	-3.16%
Zinc	1.41	-4.08%
Tin	14.14	-0.14%
Cobalt	10.9	0.09%
Manganese	2.93	-0.34%
Lithium	9895	1.45%
Uranium	79.7	-2.69%
Iron Ore	104.1	0.39%
Coking Coal	206.55	2.25%
Thermal coal	145.5	0.00%

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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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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.

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