Mining Review Sunday Update 4th July 2021
City Investors Circle published the Mining Review for the 4th July 2021.
There has been good newsflow in the past week, but wasted in this market of falling precious metal prices. Orla Mining (TSX: OLA) was the star, raising finance at a premium to the prevailing price on the day.
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Mining Review Sunday Update 4th July 2021
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City Investors Circle published the Mining Review for the 4th July 2021.
There has been good newsflow in the past week, but wasted in this market of falling precious metal prices. Orla Mining (TSX: OLA) was the star, raising finance at a premium to the prevailing price on the day, and their share price rising 30 c over the week.
Roxgold disappeared as a company this week, taken over by Fortuna Silver, and will be sorely missed by yours truly. They were one of my top picks and I genuinely believe they would have created significant shareholder value had they remained independent.
We are ceasing coverage of Roxgold now, and looking at Galiano as a possible replacement, as they are also West African based. Galiano seem to be trying to grow organically too, which is how I like to see companies grow.
The falling gold price has pummelled prices, and there aren’t many mining stocks rising in value out there at the moment.
Stocks on our Watchlist in the News this week
Roxgold – Ceased too be an independent company, as mentioned above
Neometals – Announced the sale of Mt. Edwards for A$30 million
Gold Road – Missed production guidance due to plant problems, AISC increased.
Fiore Gold – Reported high grade gold intercepts at Gold Rock, Nevada.
City Investors Circle – Monthly Update was published
Market Data
Precious Metals
| Gold | $1787 | 0% |
| Silver | $26.44 | +1% |
| Palladium | $2728 | +3% |
| Platinum | $1086 | -2% |
| Rhodium | $19450 | +1% |
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Base Metals
| Copper | $4.24 | 0% |
| Nickel | $8.2 | -1% |
| Zinc | $1.33 | +2% |
| Tin | $14.87 | +2% |
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Energy Metals
| Cobalt | $22.91 | +11% |
| Manganese | $3.18 | -1% |
| Lithium | $12383 | 0% |
| Uranium | $32.1 | -1% |
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Bulk Commodities
| Iron Ore | $203 | -2% |
| Coking Coal | $192 | +17% |
Coking coal prices jumped significantly on supply tightness in China, and the ongoing boycott of Australian coking coal.
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