Mining Review 5th February 2023
Gold was pummelled at the end of the week after strong US jobs data dissapated anticipation of an early stop to rate hikes and the “pivot”.
Orla Mining again delighted their shareholders, whilst another favourite, Mnera Alamos, disappointed theirs.
.
..
,
,
,
Mining Review 5th February 2023
Gold was pummelled at the end of the week after strong US jobs data dissapated anticipation of an early stop to rate hikes and the “pivot”.
Orla Mining again delighted their shareholders, whilst another favourite, Mnera Alamos, disappointed theirs.
Companies on our wathlist that made news last week;
Orla Mining gave a positive project update, which closely follows their recent production above guidance report, and management are delivering on expectations currently.
Sadly another favourite of mine dissapointed with production well below guidance. Minera Alamos has once again been hit with a dry season that has curtailed their production, and this dependancy on seasonal rains surely has to be addressed now?
Only 3,000 ounces of gold produced, and although they are well financed,my concern is they may now have to dilute to finance their next mine, because they won’t produce enough revenue to do it organically as planned.
Other news is below, just click the link to be taken to the full story.
Orla Mining Reported ContinuesdExplortion Success
Argosy Minerals Rincon Project Update
Eloro Resources Announced high grade Assays
Minera Alamos Q4 Prodiuction Update Is disappointing
Market Review January 2023 Published
Market Data
Weekly price changes
ALL US$ unless stated
Gold price in UK £ | 1548 | -0.58% |
Gold | 1866 | -3.22% |
Silver | 22.35 | -5.34% |
Palladium | 1627 | 0.18% |
Platinum | 977 | -4.40% |
Rhodium | 11900 | -1.65% |
Copper | 4.13 | -1.90% |
Nickel | 13.03 | -0.08% |
Zinc | 1.52 | -3.80% |
Tin | 13.27 | -7.01% |
Cobalt | 18.6 | -15.15% |
Manganese | 3.72 | 0.00% |
Lithium | 65080 | -1.21% |
Uranium | 50.8 | 1.09% |
Iron Ore | 123.9 | -1.12% |
Coking Coal | 325 | -2.99% |
Thermal coal | 240 | 34.83% |
Magnesium | 3406 | 0.00% |
Lumber | 492 | 0.00% |
GDX | 30.32 | -6.16% |
GDXJ | 36.86 | -6.66% |
Sil | 29.11 | -5.52% |
SILJ | 10.72 | -5.13% |
GOEX (PCX) | 26.21 | -6.76% |
GLD | 173.46 | -3.21% |
COPX | 39.77 | -4.01% |
Au / Ag Ratio | 80.97 | -0.04% |
10 yr Tbond (TNX) | 3.53 | 0.57% |
2 yr T bond | 4.3 | 2.63% |
US index (DXY) | 102.99 | 1.05% |
HUI | 243.87 | -5.71% |
.
.
=======
.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
=======
.
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.
.
.
Disclosure
At the time of writing the author holds shares in Eloro Resources.
.
.