Mining Review 8th January 2023

Mining Review 8th January 2023

Gold and silver have risen strongly this week, gold is now at US$1866.

Some of our stocks were lively in the first week of trading after the Canadian tax loss selling season ended, with Karora, Minera Alamos, and Orla Mining performing well. 

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Skeena Resources

Skeena Resources – Eskay Creek drilling, Golden Triangle, B.C. Canada.

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City Investors Circle Mining Review 8th January 2023

Gold and silver have risen strongly this week, gold is now at US$1866, after a US$40 rise this week.

Some of our stocks were lively in the first week of trading after the Canadian tax loss selling season ended, with Karora Resources, Minera Alamos, and Orla Mining performing well.

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Stocks on our Watchlist in the news this week

There wasn’t much news about this week, but what there was was significant, with Argosy Minerals leading the way within a hair’s breadth of 100% construction complete at their Rincon lithium project in Salta, Argentina.

Skeena Resources and Osisko also produced excellent news.

 

  Gold up and some of Our Stocks are Lively

  Skeena Resources  Closed an Eskay Creek Royalty For C$27m

  Sprott Research Says UEC Supplanting Cameco

  Osisko Development Published a Cariboo FS

  Argosy Minerals Rincon Operational Update

 

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Market Data

Weekly price changes

(All figures are US$ unless stated)

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Precious and base metals

Gold price in UK £ 1543 3.35%
Gold 1866 3.72%
Silver 23.84 0.34%
Palladium 1713 -2.62%
Platinum 1087 5.02%
Rhodium 12240 -0.41%
Copper 3.82 0.79%
Nickel 13.05 0.38%
Zinc 1.38 1.47%
Tin 11.39 4.98%
Cobalt 22.57 -2.92%
Manganese 3.35 0.00%
Lithium 66695 -9.31%
Uranium 48.8 1.46%
Iron Ore 116.6 5.62%
Coking Coal 305 10.91%
Thermal coal 371 -2.11%
Magnesium 3356 2.66%

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Metal ETF’s

GDX 31.56 9.32%
GDXJ 39.48 9.30%
Sil 30.32 5.39%
SILJ 11.36 5.77%
GOEX  (PCX) 27.56 9.54%
GLD 173.71 3.86%
COPX 38.36 6.47%

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.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

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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

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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 holds shares in Argosy Minerals.

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