Mining Review Sunday Roundup 13th Dec 2020
Precious metals have been moribund this week.
Copper, coking coal, iron ore, and nickel rose in price as demand rises due to increased industrial production, mainly in China.
Canadian tax loss selling is underway, but some companies on our watchlist are swimming against the tide.
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Gruyere Mine, Gold Road Resources, Laverton, Western Australia
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Mining Review Sunday Roundup 13th Dec 2020
Precious metals have been moribund this week, lacking direction whilst the final days of the Trump administration play out.
Copper, coking coal, iron ore, and nickel rose in price as demand rises due to increased industrial production, mainly in China.
Canadian tax loss selling is underway, but some companies on our watchlist are swimming against the tide, due to having good projects, in tier one jurisdictions, run by experienced management teams.
Orla Mining has been the subject of some market rumours regarding possible corporate action, which is no surprise given the quality of its assets in Mexico and Panama.
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Stocks on our watchlist in the news last week
Fiore Gold (TSX: F) Reported good drill results from their program at the Gold Rock project, located some 5 miles from their Pan Mine in Nevada.
Bardoc Gold (ASX: BDC) announced a binding off take deal for their gold at the Bardoc Gold project in Western Australia.
03 Mining (TSX.V: Olll) reported high grade gold intercepts west of Simkar, at their Alpha deposit.
GoldMining Inc. (TSX: GOLD) Announced the intention to IPO their Gold Royalty Corp. in the USA, subject to SEC approval.
Cabral Gold (TSX.V: CBR) Reported they had raised C$4.5 m with a warrant exercise.
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Precious Metals
Despite the muted price of gold and silver, billionaire investor Thomas Kaplan has stated he sees gold prices going “way beyond all time highs” as he sees gold in the “third wave of a secular bull market”.
Gold and silver trod water last week as political news failed to give the metals direction.
| Gold | 1839 | ↔
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0% |
| Silver | 23.94 | ↓ | -1% |
| Palladium | 2321 | ↓ | -1% |
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Industrial Metals
Bloomberg analysts have just forecast a 200,000 ton deficit in the copper market in 2021. Increase in EV production increasing demand?
| Copper | 3.5 | ↑ | 1% |
| Nickel | 7.62 | ↑ | 5% |
| Zinc | 1.27 | ↑ | 2% |
| Iron Ore | 144 | ↓ | -1% |
| Manganese | 3.08 | ↑ | 3% |
| Coking Coal | 239 | ↑ | 3% |
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Precious Metal ETF’s
All negative due to the poor performance of the PM’s.
| GDX | 35.08 | ↓ | -1% |
| GDXJ | 51.07 | ↓ | -1% |
| Sil | 41.94 | ↔ | 0% |
| SILJ | 14.06 | ↓ | -2% |
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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.
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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.
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These articles are for information purposes only, and are not recommendations in any form. Always consult an investment professional.
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Disclosure
THE writer owns shares of 03 Mining, Fiore Gold, Bardoc Gold, and Gold Road Resources, all bought in the market, at the prevailing price, on the day of purchase.