Mining Review 4th August 2024
Karora Resources has traded on the TSX for the last time, after the completion of its merger with Westgold.
Capricorn Metals announced their KGM with a positive upgrade.
.
City Investors Circle Mining Review 4th August 2024
Karora Resources has traded on the TSX for the last time, after the completion of its merger with Westgold.
Capricorn Metals announced their KGM with a positive upgrade.
——-
Victoria Gold have finally found their voice and communicated witht he market, and are defiantly stating they will not cease trading, a statement I personally think is very optimistic.
With production stopped and the company incurring the cost of preventing pollution of the local waterways and the lenders having already declared a default on $250 million worth of loans, I cannot see how they will remain solvent in the longer term.
Whistleblowers have made accusations of lax policies on site, and the Yukon government are now participating in the pollution prevention work, and who will pay for that?
I am convinced Victoria Gold will not survive, the remediatiion work alone will have a massive cost, when it starts, and then the First Nations have to approve the resumption of mining, how long will that take?
——-
News from our watchlist companies last week is listed below, click on the link to be taken to the full story.
Karora Resources and Westgold Complete Merger
Capricorn Metals Expands KGP to 1.43 M Ounces of Gold
Yukon Government Assisting at Victoria Gold disaster Site
Gold Road Resources Quarterly Results Conference Call
Click here for all company news archives
,
Market Data
Weekly price changes
(US$ unless stated)
| Metal Prices | Price | % Weekly change |
| Gold price in UK £ | 1910 | 2.91% |
| Gold | 2442 | 2.26% |
| Silver | 28.56 | 2.22% |
| Palladium | 884 | -0.34% |
| Platinum | 965 | 1.66% |
| Rhodium | 4650 | 0.00% |
| Copper | 4.08 | 0.99% |
| Nickel | 7.2 | 2.56% |
| Zinc | 1.19 | 0.85% |
| Tin | 13.44 | 1.90% |
| Cobalt | 11.76 | 0.00% |
| Manganese | 3.62 | -9.73% |
| Lithium | 10432 | -7.17% |
| Uranium | 84.3 | 2.80% |
| Iron Ore | 102.7 | 3.63% |
| Coking Coal | 197 | -3.90% |
| Thermal coal | 144 | 4.35% |
| Metal ETFs | Price | % change |
| GLD | 225.34 | 2.13% |
| GDX | 36.48 | 0.00% |
| GDXJ | 43.7 | -1.64% |
| Sil | 31.69 | -4.66% |
| SILJ | 11.46 | -4.90% |
| GOEX (PCX) | 28.51 | -2.70% |
| URA | 24.52 | -10.97% |
| COPX | 41.18 | -3.29% |
| HUI | 293.27 | 0.20% |
.
#
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
.
=======
,
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.
.
.
.