Mining Review 5th May 2024
Calidus Resources had to double the amount of shares on offer in their retail share offer to A$6 million due to investor demand.
Capricorn Metals and West red Lake Gold Mines both released positive updates.
.
Capricorn Metals Karlawinda Mine
City Investors Circle Mining Review 5th May 2024
Gold and silver traded downwards this week as war fears receded in the Middle East.
Base metals also took a breather after some sharp gains recently, and uncertainty about the strength of the Chinese economy.
Uranium spiked on news that the US were going to sanction supplies from Russia, although that is a few years away yet as they have to build out their own infrasructure first. One wonders what would happen if the Russians banned exports to the US before the USA is ready to ban imports from Russia?
My guess is that won’t happen as the Russian government probably needs the revenue to fund their Special Military Operation in Ukraine, but you never know.
——-
Calidus Resources had to double the amount of shares on offer in their retail share offer to A$6 million due to investor demand.
Capricorn Metals and West Red Lake Gold Mines both released positive updates, but the latter fell back 10% during the week with one large daily fall.
Archives
News from our watchlist companies is listed below, please click on the link to read the full story.
Galiano Gold Q1 Operating and Financial Results
Capricorn Metals Announced an Exploration Update
Global Mining Finance Conference Update
Market Review for April 2024 Published
West Red Lake Gold Mines MRE Update for Rowan
——-
Market Data
Weekly Price Changes
(US$ unless stated)
.
| Metal Prices | 50524 | Weekly % Change |
| Gold price in UK £ | 1836 | -2.08% |
| Gold | 2303 | -1.50% |
| Silver | 26.58 | -2.32% |
| Palladium | 951 | -0.94% |
| Platinum | 960 | 3.23% |
| Rhodium | 4715 | -0.21% |
| Copper | 4.38 | -1.35% |
| Nickel | 8.35 | -2.34% |
| Zinc | 1.3 | 0.00% |
| Tin | 14.23 | -3.26% |
| Cobalt | 12.46 | 0.00% |
| Manganese | 3.92 | 18.43% |
| Lithium | 15122 | 0.07% |
| Uranium | 92.25 | 6.89% |
| Iron Ore | 118 | -0.67% |
| Coking Coal | 326 | 0.00% |
| Thermal coal | 148.8 | 10.80% |
| Metal ETFs | ||
| GLD | 212.96 | -1.69% |
| GDX | 33.44 | -3.30% |
| GDXJ | 40.73 | -3.92% |
| Sil | 30.96 | -3.10% |
| SILJ | 11.03 | -3.92% |
| GOEX (PCX) | 26.97 | -2.46% |
| URA | 30.83 | 4.51% |
| COPX | 46.64 | -1.85% |
| HUI | 260.64 | -3.15% |
| Gold / Silver ratio | 86.64 | 3.06% |
.
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.
.
.