Mining Review Sunday Update 24th July 2022
Another poor week for metals, but there are signs that maybe the US dollar has peaked, which would be positive if so.
Amongst companies in the news were American Creek Resources, Cyprium Metals, Karora Resources an Uranium Energy Corp.
City Investors Circle Mining Review Sunday Update 24th July 2022
Another poor week for metals, but there are signs that maybe the US dollar has peaked, which would be positive for all metals if so.
Sadly Wiluna Mining fell into administration this week, finally beaten by their high cost of production. Another $100 or so on the gold price may have saved them.
This was a week when the new Chilean government stopped a second Anglo American project, a week after denying Rio2 their permits. Chile is not a country I would invest in a project now.
Amongst companies in the news were American Creek Resources, Cyprium Metals, Karora Resources and Uranium Energy Corp.
Watchlist stocks in the news this week
Los Cerros reported 28m @ 3.34g/t Au at Tesorito, Colombia
Cyprium Metals published a New Corporate Presentation
American Creek Drilled 20.86 G/T AU EQ Over 4.5M
Newcore Gold Completed a C$5M Bought Deal
Cyprium Metals Nanadie Well Resource Estimate released
Uranium Energy Corp – 32M lbs Resources
Market Data (US$)
|Au / Ag Ratio||93.55||+2.98%|
|10 yr T bond (TNX)||2.76||-5.80%|
|US index (DXY)||106.55||-1.33%|
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