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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American Creek – Treaty Creek project location, B.C., Canada
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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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Disclosure
At the time of writing the author does not hold shares in Pacgold.
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