Mining Review 14th August 2022
A busy week for news in the mining space, and gold pushed back to finish the week at US$1805 Oz.
Wiluna Mining made the headlines for the wrong reasons, whereas Calidus Resources, Impact Minerals, Orla Mining, and UEC made news for diverse positive reasons.
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Ascot Resources – Big Missouri portal, B.C.
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Mining Review 14th August 2022
A busy week for news in the mining space, and gold pushed back to finish the week at US$1805 Oz, and other metals also rose, including copper, 6%, and zinc, 4.5%.
It was mixed though, with iron ore and cobalt heading downwards.
Wiluna Mining made the headlines for the wrong reasons, with some Australian media suggesting the board discussed going into administration BEFORE the recent A$63 million placing. If that is true, then fireworks are surely going to follow.
As board meetings should be minuted, it should be relatively east to establish the truth, and we await further updates.
Calidus Resources, Impact Minerals, Orla Mining, and UEC all made news for diverse positive reasons, please click the links below
Since the left wing anti mining President of Chile, Gabriel Boric, was elected, that country’s excellent reputation as a mining jurisdiction is being rapidly trashed by the left wing government denying permits, as a way of stopping mining companies developing their projects.
RIO2 is one example, there are quite a few others now, with various pretexts being used to try and justify an unjustifiable decision. Sadly Chile is the number one exporter of copper, and if this continues all exploration and undeveloped projects will surely cease? If they do, where will the world obtain all the copper required for the EV revolution and the “green agenda”?
The number two exporter of copper is of course Peru, where there are interminable lockdowns and lockouts at mines, as the local people protest at their suffering at the hands of the mining companies, without receiving any financial benefit.
Stocks on our watchlist making news this week;
Orla Mining completed the Gold Standard Ventures acquisition
Ascot Resources Reported Q2 2022 Results
Impact Minerals to Sell a 75% interest in the Commonwealth Project
Calidus Resources Halted Pending News
Uranium Energy Corp. Notes New Denison Bid
Uranium Energy Corp. Increased its UEX Bid
Impact Minerals Update – Arkun-Beau-Jumbo
Market Data
Week on week price changes (US$)
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Metals
| Gold | 1804.5 | 1.66% |
| Silver | 20.82 | 4.73% |
| Palladium | 2224 | 8.22% |
| Platinum | 965 | 3.54% |
| Rhodium | 13600 | 0.00% |
| Copper | 3.689 | 6.31% |
| Nickel | 10.48 | 4.90% |
| Zinc | 1.69 | 8.33% |
| Tin | 11.28 | 1.08% |
| Cobalt | 21.2 | -6.07% |
| Manganese | 3.39 | -2.31% |
| Lithium | 68080 | 0.19% |
| Uranium | 48.7 | -0.20% |
| Iron Ore | 111.8 | 5.57% |
| Coking Coal | 225 | 12.50% |
| Thermal coal | 261 | -4.24% |
| Magnesium | 3514 | -0.57% |
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ETF’s
| GDX | 27.22 | 3.58% |
| GDXJ | 34.53 | 2.34% |
| Sil | 26.7 | 1.75% |
| SILJ | 10.25 | 3.22% |
| GOEX (PCX) | 24.59 | 2.84% |
| GLD | 167.87 | 1.56% |
| COPX | 32.2 | 8.86% |
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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 Ascot Resources, Calidus Resources, and Orla Mining, bought in the market at the prevailing price on the days of purchase.
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