Mining Review 7th May 2023

Mining Review 7th May 2023

The FED rate hike dominated the markets this week, up .25% as gold fell on the news, later recovering a little.

American Creek, Cartier Resources, Eloro, Goldshore, and Minera Alamos all made news this week. 







City Investors Circle Mining Review 7th May 2023


The FED .25% rate hike dominated the news this week and despite the rise, and the potential for more rate increases, gold ended up in positive territory, up over 1% week on week at $2016.

Silver is also enjoying the positivity, up 2.4%, whilst the PGM’s were down, due to a decrese in Chinese economic output.



Companies on our watchlist in the news this Week

American Creek reported that JV partner Tudor Gold has filed a 43-101, and Goldshore reported preliminary Mettalurgy results for Moss Gold.


Click the links below for the full story.

 City Investors Circle Celebrates the Coronation of King Charles 3rd

  Cartier Resources Cuts two New Zones at Chimo Mine Project

  Goldshore Preliminary Metallurgy Results for Moss Gold

  Minera Alamos earns $5.6-million in 2022

  American Creek’s JV Partner Tudor Gold Files NI 43-101

  Eloro Commences Trading on the TSX Main Board

  April 2023 Market Review Published

Read more:


Market Data 

Week on week price changes

US$ unless stated


Gold price in UK £ 1599 -0.06%
Gold 2016 1.36%
Silver 25.66 2.44%
Palladium 1494 -0.53%
Platinum 1061 -1.49%
Rhodium 7850 -9.77%
Copper 3.87 0.78%
Nickel 11.39 6.15%
Zinc 1.18 0.00%
Tin 12.25 4.08%
Cobalt 15.54 0.00%
Manganese 3.25 0.00%
Lithium 23360 2.63%
Uranium 53.7 3.07%
Iron Ore 103.9 1.86%
Coking Coal 245 -0.81%
Thermal coal 181 -4.74%
Magnesium 3860 0.13%





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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.

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.

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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.

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.




At the time of writing the author holds shares in American Creek, Eloro Resources, Goldshore Resources, and Minera Alamos.