Mining Review Sunday Update 3rd July 2022
Companies commented on in this truly awful week for mining stocks, and commodities, were; Banyan Gold, Cabral Gold, Cyprium Metals, Minera Alamos, and Newcore Gold.
The Canadian mining community mourned the loss of mining legend and Chairman of Tudor Gold, Walter Storm.
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Mining Review Sunday Update 3rd July 2022
Companies commented on in this truly awful week for mining stocks, and commodities, were; Banyan Gold, Cabral Gold, Cyprium Metals, Minera Alamos, O3 Mining, and Newcore Gold.
With the exception of O3 Mining, all the other companies mentioned announced discounted financings this week.
The most disappointing for me personally was Cyprium, who announced their 33% or so discounted financing the day after I made an initial investment in the stock. Fortunately it was a very small investment, but even so it’s annoying. They were careful to announce their offtake agreement first.
Banyan’s financing was mostly flow through, which is great for Canadian residents as they obtain tax benefits at the expense of non Canadian holders who are diluted without those benefits.
I personally prefer to invest in Canadian miners that have projects in other countries to avoid being diluted by such placings, as flow through is for Canadian based projects only. Banyan are at least financed to the end of the drill season where they hope to raise their resources to 5 million ounces of gold.
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The Canadian mining community mourned the loss of mining legend and Chairman of Tudor Gold, Walter Storm.
Storm was an award-winning Professional Geologist with over 40 years of industry experience throughout the Americas and Russia. Mr. Storm spent 19 years with Silver Standard Mining Inc. and managed several advanced exploration programs including Manantial Espejo in Argentina, San Luis and Berenguela in Peru, and Snowfields-Brucejack in the Golden Triangle.
Walter. was a Canadian mining legend and will be sorely missed.
Companies on out watchlist that made news last week
O3 Mining Expanded the Mineralized Corridor At Camflo
City Investors Circle Market Review for June 2022 Published
Cyprium Metals announced a deeply discounted placement
Cabral Gold Closing Circa C$3,000,000 Financing
Minera Alamos Announced C$4.37m Placement
Newcore Gold – Closed a C$5 Million Bought Deal Financing
Cyprium Metals Secured a AUD50M Offtake Facility
Banyan Gold Financing Raises up to $16.5 Million
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Market Data (US$)
Weekly price movements
Precious Metals
| Gold | 1808 | -1.04% |
| Silver | 19.86 | -6.05% |
| Palladium | 1960 | – 8.77% |
| Platinum | 890 | -1.98% |
| Rhodium | 12550 | -3.46% |
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Base metals
| Copper | 3.74 | -3.86% |
| Nickel | 10.48 | -4.20% |
| Zinc | 1.47 | -11.98% |
| Tin | 12.27 | +0.74% |
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Energy metals
| Cobalt | 31.64 | -2.71% |
| Manganese | 3.88 | 0.00% |
| Lithium | 67940 | -0.57% |
| Uranium | 50.85 | +5.94% |
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Bulk commodities
| Iron Ore | 115.5 | -1.28% |
| Coking Coal | 308 | -20.00% |
| Thermal coal | 367 | -7.09% |
| Magnesium | 3909 | -2.23% |
| Lumber | 657 | +8.06% |
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Precious metal ETF’s
| GDX | 28.16 | -5.06% |
| GDXJ | 33.05 | -7.11% |
| Sil | 26.51 | -5.89% |
| SILJ | 9.72 | -6.09% |
| GOEX (PCX) | 23.08 | -6.86% |
| GLD | 168.32 | -1.04% |
| COPX | 29.79 | -7.37% |
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Miscellaneous
| Au / Ag Ratio | 88.54 | +2.46% |
| 10 yr Treasury bond (TNX) | 2.894 | -7.72% |
| US index (DXY) | 105.12 | +0.96% |
| HUI | 227.08 | -4.60% |
.Mining Review Sunday Update is complete.
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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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