Mining Review Sunday Roundup 10th January

Mining Review Sunday Roundup 10th Jan. 2021

Gold has had a poor week, falling hard on the back of a rising US dollar and bond yields, and now sits just above support at $1,850.




Mining Review Sunday Roundup 10th Jan. 2021.

Gold suffered quite a fall this week as the US dollar reversed the recent trend and that sent the price of gold down as a result. The US 10 year bond yield has just broken the 1% level, and that’s also caused a weakness in the gold price.

Other factors not helping gold include Bitcoin multiplying in value, and I suspect some people are selling their gold positions to buy Bitcoin instead, climbing on the bandwagon as investors often do.

I have never understood the price dynamics of Bitcoin, and still don’t, but it just looks like another price bubble to me, Dutch tulip bulbs anyone?

I have added Rhodium to the weekly price reporting due to the rise in price of a fairly unknown commodity. It is used mainly in catalytic converters, and normally alloyed with either platinum or Palladium. Most rhodium comes from S. Africa. Podium Minerals (ASX: POD) are one junior explorer searching for Rhodium, at Parks Reef, Western Australia.

Gold 1850 -2%
Silver 24.91 -7%
Palladium 2244 -5%
Rhodium 16000 1%



Stocks on our watchlist in the news

Red River Resources Announced some high grade gold assays at their new Hillgrove Gold Mine in NSW. Hole ELG147 recorded the highest grade to date.

Minera Alamos filed a technical report for their Cerro de Oro oxide gold project in Mexico. The inferred mineral resource contains some 630,000 ounces gold.

Fosterville South Exploration announced the commencement of drilling at their Lauriston project, Victoria State, Australia. Lauriston abuts Kirkland Lake Gold’s Fosterville mine, the most profitable mine in the world, and was KL’s company maker.

03 Mining announced the sale of their Blondeau Guillet property in Quebec to sister company Osisko Mining, subject to regulatory approval. This is consistent with 03’s stated policy of focusing on their Ontario based properties.

American Creek announced that JV partner Tudor Gold had reported some good grade intercepts at the Treaty Creek project located within British Columbia’s Golden Triangle.



Industrial Metals

Still strong and rising prices for most industrial metals that seem to be shrugging off the rising dollar.

Copper 3.65 2%
Nickel 8.13 5%
Zinc 1.29 3%
Iron Ore 168.1 4%
Manganese 3.19 -3%
Coking Coal 200 * 3%


* Please note the coking coal price above is an in between price due to the Australian FOB price and the Chinese DCE price being so diverse, for political reasons due to China banning the import of Australian coking coal.

Manganese has drifted since the announcement that more supply will be needed for EV batteries, whilst the other EV metals such as lithium, nickel, and copper all up in price recently.




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 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 for information.




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 information purposes only, and are not recommendations in any form.  Always consult an investment professional.