Mining Review 4th May 2025
Mining Review 4th May 2025
Meeka Metals announced the production of first gold from their St. Anne’s North open pit, in the Murchison region of Western Australia.
It was a calmer week on the markets but with a falling gold price gold producers took some large hits eroding some of the recent gains.
Meeka Metals drill site – Credits Meeka Metals
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| Meeka Metals | ASX: MEK | |
| Stage | Development, exploration | |
| Metals | Gold | |
| Market cap | A$401m @ A$0.16 | |
| Location | Near Kalgoorlie, Western Australia | |
| Website | https://meekametals.com.au |
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City Investors Circle Mining Review 4th May 2025
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Mining Review 4th May 2025
It was a calmer week on the markets but with a falling gold price gold producers took some large hits eroding some of the recent gains.
US economic news suggested a rate cut may come soon, but the price of gold fell, along with most base metals.
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Meeka Metals announced the production of first gold from their St. Anne’s North open pit, in the Murchison region of Western Australia. The company are preparing for the commissioning of their mill in June.
The main news of the week was the announcement by Calibre Mining that shareholders have approved the takeover by Equinox Gold. I felt the premium offered was still too small and maintained my no vote, but I guess both companies did just enpough to get sufficient no votes to switch.
G Mining Ventures kept up their recent run of good news by announcing a robust Feasibility for the Oko West project in Guyana.
As the week ended Gold Road shares were suspended from trading on the ASX, and the rumour is Gold Fields have increased their original bid for the company. I suspect this offer may be accepted due to the trading halt, as if they were going to reject it they could simply do so without halting the stock.
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News from companies on our watchlists from the last week are listed below, click the link to be taken to the full news release.
Archives
Meeka Metals Becomes an Australian Gold Producer
Calibre Mining Shareholders Approve Equinox Gold Takeover
Market Review April 2025 Published
G Mining Ventures Delivered a Robust FS For Oko West
Cornish Metals Announced a Management Change
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Market Data
Weekly Price Changes
(US$ unless stated).
| Metal Prices | Price | Weekly % change |
| Gold price in UK £ | 2432 | -2.64% |
| Gold in AUD$ | 5017 | -3.82% |
| Gold | 3230 | -2.71% |
| Silver | 31.93 | -3.62% |
| Palladium | 929 | 0.43% |
| Platinum | 959 | 2.02% |
| Rhodium | 5250 | 13.51% |
| Copper | 4.64 | -5.11% |
| Nickel | 6.92 | 5.65% |
| Zinc | 1.17 | -7.14% |
| Tin | 14.22 | -12.71% |
| Cobalt | 15.29 | -2.98% |
| Lithium | 9036 | -2.40% |
| Uranium | 68.9 | 4.30% |
| Iron Ore | 99.25 | -0.95% |
| Coking Coal | 187 | 1.08% |
| Thermal coal | 101.5 | 7.98% |
| Metal ETFs | Price | Weekly % change |
| GLD | 297.79 | -2.28% |
| GDX | 46.92 | -3.87% |
| GDXJ | 58.51 | -4.14% |
| Sil | 38.66 | -4.09% |
| SILJ | 11.6 | -5.69% |
| GOEX (PCX) | 39.53 | -2.92% |
| URA | 25.86 | 5.77% |
| COPX | 38.81 | -0.97% |
| HUI | 373.93 | -3.91% |
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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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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.
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Declaration
At the time of writing the author may hold positions in any of the stocks mentioned.
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