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.

 

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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

 

 

Market Data (US$)

Weekly Change

 

Precious Metals

Gold	1728	+1.23%
Silver	18.64	-0.21%
Palladium	1956	+11.26%
Platinum	873	+2.95%
Rhodium	14700	+10.53%

 

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Base Metals

Copper	3.3	+0.92%
Nickel	9.62	+4.34%
Zinc	1.36	+0.74%
Tin	11.1	-4.39%

 

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Energy Metals

Cobalt	22.57	-16.72%
Manganese	3.86	+1.05%
Lithium	67271	-0.11%
Uranium	46	-2.13%

 

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Bulk Commodities

Iron Ore	98	-2.10%
Coking Coal	245	+2.08%
Thermal coal	254	+1.20%
Magnesium	3673	-3.80%
Lumber	585	-8.88%

 

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Metal ETF’s

GDX	25.41	-0.70%
GDXJ	30.78	+2.46%
Sil	24.13	+0.71%
SILJ	8.87	+1.60%
GOEX  (PCX)	21.8	+4.46%
GLD	160.67	+1.04%
COPX	27.94	+3.83%

 

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Miscellaneous

Au / Ag Ratio	93.55	+2.98%
10 yr T bond (TNX)	2.76	-5.80%
US  index (DXY)	106.55	-1.33%
HUI	201.23	-1.14%

 

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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 American Creek Resources, Cyprium Metals, Karora Resources, Los Cerros, and Newcore Gold, bought in the market at the prevailing price on the days of purchase. 

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