Mining Review 6th November 2022

Despite the 0.75% US rate hike, this was a positive week for gold, with the price in UK£ rising by 4.38% to £1,478.

American Creek Resources, Cornish Metals, i-80 Gold, and Neometals were all in the news this week. 

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Mining Review 6th November 2022

Despite the 0.75% US rate hike, this was a positive week for gold, with the price in UK£ rising by 4.38% to £1,478.

Base metals didn’t fare so well as Chinese economic concerns continue to weigh down commodity prices, despite continuing low stocks of copper, for example.

 

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Companies on our watchlist making news this week;

American Creek Resources, Cornish Metals, i-80 Gold, and Neometals were all in the news this week.

i-80 Gold recorded yet another set of good drill results at their Granite Creek Project located in Nevada. The target was the Ogee Zone, where they are looking to add mineralisation to be mined n the next year or so.

Neometals successfully produced +90% TiO2 chloride slag from the industrial scale smelting trial of a blend of Barrambie Mixed Gravity Concentrate with other ilmenites,  run by their Chinese partner.

To read the full news releases, please click on the links below;

  Neometals Successful Barrambie Titanium Slag Smelting Trial

  Cornish Metals signs a New Mineral Lease

  American Creek Intersects Copper and Gold

  I-80 Gold Intersects High-Grade Gold

  Market Review for October 2022 Published

  Mining Review 30th October 2022

 

 

 

Market Data

Week on week price changes

All in US$ unless stated

Gold price in UK £	1478.06	+4.38%
Gold	1682	+2.31%
Silver	18.34	-4.68%
Palladium	1869	-1.84%
Platinum	851	-10.23%
Rhodium	13990	-0.78%
Copper	3.41	-3.40%
Nickel	10.46	+3.67%
Zinc	1.22	-9.63%
Tin	8.21	-3.64%
Cobalt	23.25	0.00%
Manganese	3.08	0.00%
Lithium	78812	+6.52%
Uranium	51	-4.40%
Iron Ore	81.9	-9.50%
Coking Coal	314	+0.96%
Thermal coal	365	-4.70%
Magnesium	3535	-1.75%
Lumber	435	-6.85%

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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.

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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.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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Disclosure

At the time of writing the author does not hold shares in Pacgold.

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