Mining Review 4th December 2022

London mining week wasn’t as busy as previous years and there wasn’t a ‘buzz’ this year, but companies still came.

American Creek, Calidus Resources, and Rokmaster Resources made news this week. 

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Mines and Money 2022 – The magnificent Business Design Centre, at Islington.

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.Mining Review 4th December 2022

London mining week wasn’t as busy as previous years and there wasn’t a ‘buzz’ this year, but companies still come.

The annual Mines and Money show at Islington was sparsely attended compared to previous years, but companies still fly in from Australia and Canada to participate. Some have been in Europe for three weeks attending various conferences in Frankfurt, Zurich, and Geneva.

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Companies on our watchlist in the news

American Creek, Calidus Resources, and Rokmaster Resources made news this week.

  Rokmaster Resources Reported a Strong Drill Intercept

  American Creek Intersected a Gold-Copper Porphyry

  Calidus Resources made a Significant Gold Discovery

  Mining Review 27th November 2022

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Market Data 

Weekly price changes

(All prices in US$ unless stated)

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Metal Prices

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Metal ETF’s

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To read our full terms and conditions, please click HERE

American Creek Resources (TSX.V: AMK)

Presented the ninth and final set of drill results for the 2022 exploration program from operator Tudor Gold at their flagship property, Treaty Creek, located in the Golden Triangle of British Columbia.

The Best intercept was 1.71 G/T AU EQ over 180 m

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Mining Review 6th November 2022

Despite the 0.75% US rate hike, this was a positive week for gold, with the price in UK£ rising by 4.38% to £1,478.

American Creek Resources, Cornish Metals, i-80 Gold, and Neometals were all in the news this week. 

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American Creek – Treaty Creek project location, B.C., Canada

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Mining Review 6th November 2022

Despite the 0.75% US rate hike, this was a positive week for gold, with the price in UK£ rising by 4.38% to £1,478.

Base metals didn’t fare so well as Chinese economic concerns continue to weigh down commodity prices, despite continuing low stocks of copper, for example.

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Companies on our watchlist making news this week;

American Creek Resources, Cornish Metals, i-80 Gold, and Neometals were all in the news this week.

i-80 Gold recorded yet another set of good drill results at their Granite Creek Project located in Nevada. The target was the Ogee Zone, where they are looking to add mineralisation to be mined n the next year or so.

Neometals successfully produced +90% TiO2 chloride slag from the industrial scale smelting trial of a blend of Barrambie Mixed Gravity Concentrate with other ilmenites,  run by their Chinese partner.

To read the full news releases, please click on the links below;

  Neometals Successful Barrambie Titanium Slag Smelting Trial

  Cornish Metals signs a New Mineral Lease

  American Creek Intersects Copper and Gold

  I-80 Gold Intersects High-Grade Gold

  Market Review for October 2022 Published

  Mining Review 30th October 2022

Market Data

Week on week price changes

All in US$ unless stated

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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.

.

Disclosure

At the time of writing the author does not hold shares in Pacgold.

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American Creek (TSX.V: AMK)

Presented the eighth set of drill results for the 2022 exploration program from operator Tudor Gold at their flagship Treaty Creek property, located in the heart of the Golden Triangle of Northwestern British Columbia. 

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Mining Review 18th September 2022

The story of the week is the price of gold being beaten down by 2.45% to $1,674, due to an anticipated one percentage point rate hike in the USA in September.

Companies making news this week were  American Creek Resources, Karora Resources, Neometals, and Silver Tiger Metals.

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Rest in peace ma’am

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Mining Review 18th September 2022

The story of the week is the price of gold being beaten down by 2.45% to $1,674, due to an anticipated 1 percentage point rate hike in the USA in September. The strong dollar is the focus at the moment, and until the FED pivots, gold is going to be in weak, and of course, the miners and explorers.

Every time gold looks as though it’s recovering, the US make another interest rate announcement and down it goes again, almost as if were being manipulated downwards deliberately.

Silver had a very good week and stocks in the COMEX and LBMA vaults are reducing, although they still have plenty in store at the moment.

The London Metal Exchange faces a new lawsuit from a group of firms, including hedge fund AQR Capital Management, over its decision to cancel billions of dollars worth of trades, after the short squeeze in nickel forced the price to stratospheric levels, causing the LME to suspend trading and cancel trades to bail out a Chinese trader.

AQR, DRW Commodities LLC, Flow Traders BV, Capstone Investment Advisors LLC, and Winton Capital Management Ltd. have filed a commercial court claim in London against the LME, according to court records.

Companies on our watchlist making news this week

American Creek Resources, Karora Resources, Neometals, and Silver Tiger Metals.

American Creek and Karora both released good drilling news, yet the market took it in its stride and both stocks trod water, whereas in better times they would have shot up.

Please click on the links below to read the full news release.

  Westhaven Gold agreed an  NSR With Franco-Nevada

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Market Data 

Weekly price movements

All in US$

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ETF’s

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Miscellaneous data

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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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=======

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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, Karora Resources, and Silver Tiger Metals, bought in the market at the prevailing price on the days of purchase. 

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American Creek Resources (TSX.V: AMK)

Presented the sixth set of drill results for the 2022 exploration program from operator Tudor Gold at their flagship property, the Treaty Creek JV, located in the heart of the Golden Triangle of Northwestern British Columbia.

The highlight was a 350m step-out hole, with 59.53 g/t Au Eq.

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Mining Review Sunday Update 21st August 2022

Another poor week for gold as the US dollar (DXY) climbed higher, reaching 108.

Companies making news this week included American Creek, Cartier Resources, Karora Resources, Maple Gold, Rokmaster, and Uranium Energy Corp.

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Ascot Resources – Big Missouri portal

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Mining Review Sunday Update 21st August 2022

Another poor week for gold as the US dollar (DXY) climbed higher, reaching 108, a recent high.

The rise in the dollar is being assisted with so called “good news” being released about the state of the US economy, and the ridiculous denial that is is already in recession after two quarters of negative growth, the traditional definition.

This of course was negative for gold, silver, and other metal prices.

Industrial metals are declining due to low growth fears in the Chinese economy, and once again reports of brutal lockdowns of whole cities for a few covid cases.

Chile continues to make the news for the wrong reasons, this time in connection with a large 36m sinkhole that has appeared at the edge of the  Alcaparrosa copper mine, owned by Lundin (80%) and Sumitomo (20%), in the Atacama region.

Immediately a determination seems to have been made that the company is to blame for “overexploitation”, and “severe penalties” are being threatened. Lundin are investigating the cause.

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Companies making news this week included American Creek, Cartier Resources, Karora Resources, Maple Gold, Rokmaster, and Uranium Energy Corp.

Karora Resources has bounced back after some disappointing recent financials, despite record production, with a high grade course gold discovery at its Beta Hunt Mine, in WA.

The other piece of noteworthy news was that UEC and UEX Corp. came to an agreement regarding the terms of the proposed takeover of the latter, after the intervention of Dennison Mines had threatened to scupper the deal.

For the full stories, please click the links below;

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Companies on our watchlist in the news this week;

  Karora Resources Discovered High-Grade Coarse Gold at Beta Hunt, WA

  Cartier Resources Commenced a new Chimo Drill Campaign

  Maple Gold drilled 24.4 G/T Gold Over 1m

  Uranium Energy Corp And UEX Reached a New Takeover Agreement

  American Creek Resources Reported a positive Drill Hole Extension

  Rokmaster Resources Private Placement announced

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Market Data

Weekly price movements

All in US$

Metal Prices

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Metals ETFs

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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

.

=======

,

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 and Karora Resources, bought in the market at the prevailing price on the days of purchase. 

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American Creek (TSX.V: AMK)

Presented the fourth set of drill results from operator Tudor Gold for Phase l of the 2022 exploration program at their flagship project, the Treaty Creek JV, located in the heart of the Golden Triangle of Northwestern British Columbia, Canada.  […] 

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To read the full news release, please click HERE

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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

.

=======

,

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, bought in the market at the prevailing price on the days of purchase. 

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 American Creek Resources (TSX.V: AMK)

Presented the second set of JV partner Tudor Gold’s drill results for Phase l of the 2022 exploration program  at their flagship property, Treaty Creek, located in the heart of the Golden Triangle of Northwestern British Columbia.

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American Creek / Tudor Gold JV management comments

“These results mark another milestone at Treaty Creek. With these new high-grade intercepts, the discussion around how much blue sky remains in this project is completely reinvigorated.

 

“The 25.5 m of 9.96 g/t high-grade interval is part of a 663 meter intercept of roughly 1 g/t gold equivalent, a half kilometer north of last year’s drilling. Hole GS-22-133, a 200m step-out, indicates that the mineralization is continuous.

 

“Just two holes, GS-22-133 and 134, have expanded the Goldstorm 500 meters to the north by 600 meters deep!

 

“And incredibly, the Goldstorm still remains open in all directions, with continued step-out drilling being spectacular.

 

“Our management team and shareholders are more than impressed by this series of results and look forward to future ongoing news this season. Tudor is once again delivering what we all hoped for!”

Darren Blaney, President, and CEO of American Creek Resources

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For brevity, this summary has been redacted, to read the full news release, please click HERE

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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

.

=======

,

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.

.

.Disclosure

The writer holds shares in American Creek Resources, bought in the market at the prevailing price on the days of purchase.

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Mining Review Sunday Update 17th July 2022

The strong US dollar is pushing down precious and industrial metal prices.

Mining stocks are taking a beating along with other popular sectors of the market.

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Neometals Primobius JV official opening

City Investors Circle – Mining Review Sunday Update 17th July 2022

The strong US dollar is pushing down precious and industrial metal prices, as can be seen from the table below.

Gold lost 2% week on week, and silver a whopping 3.16%. these are large numbers for a single week, especially as they come on the back of a large decline. Gold is just holding above $1,700, let’s see if it can provide support or whether we will be through into the 1600’s this week.

If gold falls any further I would expect to see announcements of some mines being put on care and maintenance soon.

The US dollar’s rise linked to interest rate rises is causing the decline of course, and we have to remember that in other currencies the price of gold is not falling so much.

It’s the same for base metals, and copper has fallen all the way back to the $3 range, after such a strong run during the past year. It’s also been badly effected by the Chinese covid lockdowns, as well as supply chain disruption, and the Ukraine conflict.

Mining stocks are unsurprisingly taking a beating along with other popular sectors of the market.

My major concern for a wile has been opportunistic bids for good quality companies by stronger ones, taking advantage of an undervaluation situation. A good example of that was the purchase of Gold Standard Ventures by Orla Mining, and now we have had Alexco being taken out with a low ball bid from Hecla Mining.

Despite Alexco announcing the buyout price of 47c per share was a “premium” to the VWAP, it’s a fraction of the price from the previous two weeks. I accept that Alexco had poorly executed (again), and once again silver had plunged just as they were restarting the mine, but this price looks like legalised theft to me.

I am concerned about Banyan Gold, where there is an obvious predator, Victoria Gold, sitting a few miles away, in production. My concern arises from the fact that the CEO’s of the two companies are married to each other!

When I expressed this concern to CEO Tara at PDAC, she responded that the NED’s were there to ensure a good, fair price is offered. Her confidence in NED’s is higher than mine, crusty old sceptic that I am.

As the shareholders of GSV and Alexco can attest, there is a danger that a good investment is sold for a song, and that just adds to the risk of holding stocks at this point.

Stocks on our watchlist making news this week

  Orla Mining added to tier 1 watchlist

  American Creek Resources reported 237.3 m of 1.51 g/t AU EQ at Treaty Creek

  Wesdome Gold Mines Announced Q2 2022 Production Results

  Karora Resources Produced 30,652 oz Au in Q2

  Neometals Confirmed a Mercedes Benz Purchase Order

  Orla Mining Announced their Q2 2022 Operational Results

  Cabral Gold Drilled 20.9m @ 4.2 g/t Au at Cuiú Cuiú

Market Data (US$)

Weekly price movements

Precious metals

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Base Metals

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Energy metals

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Bulk commodities

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Metal ETF’s

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Miscellaneous

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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

.

=======

,

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, Banyan Gold, Karora resources, and Orla Mining, bought in the market at the prevailing price on the days of purchase. 

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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, 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

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Base metals

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Energy metals

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Bulk commodities

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Precious metal ETF’s

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Miscellaneous

.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

.

=======

,

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.

.

.

.

American Creek Resources Ltd. (TSX.V: AMK)

Presented final drill results from the 30,108 meter, 2021 resource expansion and definition drilling program for the Goldstorm Deposit and Calm Before the Storm Zone , as well as surface sampling results from the Eureka Zone, at their flagship property, Treaty Creek, located within the Golden Triangle of Northwest British Columbia.

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American Creek Resources – Treaty Creek

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For brevity, this summary has been redacted, to read the full news release, please click HERE

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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

.

=======

,

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.

Disclosure

The writer holds shares in American Creek bought at the prevailing market price at the times of purchase.

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American Creek Resources  (TSX.V: AMK)

Presented the most recent drill results from the 30,108 meter, 2021 resource expansion and definition drilling program for the Goldstorm Deposit at their flagship property, Treaty Creek, located within the Golden Triangle of Northwest British Columbia.

The highlight was 1.09 gpt of gold over 476.1 m.

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American Creek (TSX.V: AMK)

The Board of Directors has approved the repricing of a total of 2,400,000 stock options of the Company from $0.335 to $0.18 per common share, and a total of 6,300,000 stock options of the Company from $0.32 to $0.18 per common share, subject to the approval of the TSXV.

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American Creek Resources – Treaty Creek (20%)

Comment

I don’t really like to see options being repriced, as clearly management haven’t achieved what they expected to share price wise, but it does at least bring money into the company by moving their price down to a level where they can be exercised.

If they didn’t do it they would have to raise money in the market anyway, so no additional dilution is created as such.

The recent takeout of Pretium’s Brucejack mine (HERE) focuses attention on the Treaty Creek properties now, and one wonders whether covetous eyes will look to take out these projects due to their close proximity?

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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

.

=======

,

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.

Disclosure

At the time of publishing the author holds shares in American Creek bought in the market at the prevailing price on the day of purchase .

Mining Review Sunday Update 14th November 2021

City Investors Circle weekly Mining Review features comments on Gold Road Resources, Apollo Consolidated, Tinka Resources, Orla Mining, Ascot Resources, and Silver Tiger.

Gold is heading upwards and sits at the US$1865 resistance level, as US inflation numbers rise. Newcrest took out Pretium in a US $2.8 billion deal.

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Tinka Resources Sylvia project, Peru

Mining Review Sunday Update 14th November 2021

City Investors Circle weekly Mining Review features comments on Gold Road Resources, Apollo Consolidated, Tinka Resources, Orla Mining, Ascot Resources, UEC, and Silver Tiger Metals.

Gold is heading upwards, and sits at the US$1865 resistance level, after rising 3% during the week and 7% over the last month. The cause is rising US inflation numbers, and investors are turning to gold as a store of value.

Stocks on our watchlist had a good week, with Orla Mining and Ascot Resources confirming progress in their respective construction projects, and Tinka Resources and Silver Tiger Metals reporting excellent exploration results.

UEC acquired Uranium One Americas to become the largest uranium miner in the USA.

Gold Road Resources threw in the towel in the bid battle for Apollo Consolidated, selling their blocking 19.9% stake to Ramelius Resources, for a quick profit, as Ramelius increased their bid by 6c.

Stocks on out watchlist in the news this week

Market Data

Precious Metals

Gold rose on rising US inflation figures, and silver shows signs of stirring to follow suit.  PGM’s held firm as car production is rising, although a shortage of magnesium may put a stop to that. That is a critical situation to monitor.

Base Metals

Copper rose slightly, which is surprising given the low reported copper stocks in the LME and Shanghai. Tin continues to rise every month, and is up an impressive 112% year on year.  Nickel is another steady riser, up 30% YOY.

Battery Metals

Manganese stole the show, cobalt put on a spurt, and uranium is flat for the moment.

Bulk Commodities

Both coking coal and iron ore suffered from the Chinese government’s intervention, and closure of some smelters until the spring, reducing steel production.

PM ETF’s

Enjoyed a very positive week, as the figures above testify. Interestingly the gold juniors (GDXJ) outperformed their senior colleagues.

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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.

Disclosure

At the time of publishing the author holds shares in Ascot Resources, Apollo Consolidated, Gold Road Resources, Silver Tiger Metals, and  Orla Mining, bought in the market on the day of purchase at the prevailing price.