Mining Review Sunday Update 24th April 2022
Gold dropped 2% and led down the gold juniors, rolling back some of their gains over the last few weeks.
Companies commented on include; Cabral Gold, Newcore Gold, O3 Mining, Silver Tiger Metals, Uranium Energy Corp., and Wesdome Gold. […]
City Investors Circle Mining Review Sunday Update 24th April 2022
Gold dropped 2% during the week, 1% on Friday alone, as fears are growing thwt the FED is going to tighten too much too fast, and will possibly now raise rates by 2.5% before the end of 2022.
This led down the gold juniors, rolling back some of their decent gains over the last few weeks, and may just present us with an opportunity to buy some of the decent stocks on the dips. To be clear, I am referring to producing or very close to production here, not greenfield exploration companies.
Companies commented on include; Cabral Gold, Newcore Gold, O3 Mining, Silver Tiger Metals, Uranium Energy Corp., and Wesdome Gold.
City Investors Circle watchlist companies in the news this week
Newcore Gold Confirms New Discovery at Enchi
Cabral Gold Drilled 17.5m @ 4.0 g/t Gold at MG
Uranium Energy Corporation secured an additional 400,000 Lbs Uranium
Silver Tiger Metals Drilled 1,380.9 g/t Ag Eq Over 0.5m
Wesdome Gold Reported Q1 Results in line with guidance
O3 Mining Sold their East Cadillac Project to Cartier Resources
General mining news
The Chilean constitutional assembly voted down a proposal from the environmental committee, seeking to tighten up rules related to the protection of the country’s natural resources, which would have hit the mining sector had they became law.
Given that Chile is the world’s largest copper producer, this is very good news, as, had the motions been passed, they would have made Chile virtually uninvestable as a jurisdiction in my view. That would, of course, have had serious implications for the EV industry and the price of copper.
Weekly price changes (US$)
|Au / Ag Ratio||79.98||3.84%|
|10 yr T bond||2.9||2.47%|
|US index (DXY)||101.12||0.62%|
|RJI (Rogers Index)||9.05||-3.21%|
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