Mining Review Sunday Update 17th April 2022
Another good week for gold and other precious metals as US interest rates are looking like having a .5% hike soon. Sadly the other reason is the continuing war in Ukraine.
Companies are releasing drill results from early campaigns, including Cabral Gold and Westhaven Gold. Minera Alamos continues its mine startup at Santana, Mexico.
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Karora Resources – Mining at Higginsville, near Kalgoorlie, Western Australia.
News from our watchlist companies last week
All positive news this week and drill results are coming in thick and fast, with Cabral Gold and Westhaven Gold reporting high grade results from their respective drill campaigns.
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In brief;
Uranium Energy Corp. New CEO Interview podcast
Stock Markets Closed for Good Friday Holiday in Europe and America
Westhaven Gold Drilled 23.03 M of 37.24 G/t Gold
Minera Alamos gave a Santana Mine Q1 Update
Cabral Gold Reported Good Results West of Machichie
Karora Resources Increased Gold Mineral Resources
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General mining news
The new Chilean government of President Gabriel Boric is suing mines operated by BHP (ASX: BHP), Albemarle (NYSE: ALB) and Antofagasta (LON: ANTO), over alleged environmental damage caused in the northern Salar de Atacama salt flats, the world’s driest place on earth, regarding overuse of water.
Despite assurances to the contrary, it seems that the new Chilean government is starting to show its true colours.
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Market Data (US$)
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Precious Metals
| Gold | 1975 | 1.44% |
| Silver | 25.32 | 2.18% |
| Palladium | 2372 | -2.19% |
| Platinum | 995 | 1.63% |
| Rhodium | 20250 | 0.00% |
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Base Metals
| Copper | 4.66 | -0.21% |
| Nickel | 15.08 | -0.79% |
| Zinc | 2.03 | 5.18% |
| Tin | 19.65 | -2.19% |
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Energy metals
| Cobalt | 36.99 | -0.03% |
| Manganese | 3.94 | -0.51% |
| Lithium | 71071 | -4.10% |
| Uranium | 64.5 | 2.71% |
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Bulk commodities
| Iron Ore | 152.8 | -3.11% |
| Coking Coal | 510 | 34.21% |
| Magnesium | 6004 | -7.37% |
| Lumber | 882 | -7.15% |
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Metal ETF’s
| GDX | 40.86 | 5.66% |
| GDXJ | 51.03 | 5.39% |
| Sil | 39.44 | 4.09% |
| SILJ | 15.12 | 4.56% |
| GOEX | 35.41 | 4.98% |
| GLD | 184.04 | 1.42% |
| COPX | 46.11 | 1.47% |
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Miscellaneous
| Au / Ag Ratio | 77.02 | -3.07% |
| 10 yr T bond | 2.83 | 4.43% |
| US index (DXY) | 100.5 | 0.66% |
| HUI | 330.95 | 2.61% |
| RJI (Rogers Index) | 9.35 | 5.17% |
| RJA Agriculture | 10.66 | 4.20% |
| RJN Energy | 4.25 | 9.54% |
| RJZ Metals | 12.99 | 1.01% |
The Mining Review Market Update is complete
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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.
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.
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