Mining Review Sunday Update 9th January 2022

City Investors Circle Mining Review 9th Jan. 2022

Gold has fallen back once again after the FED indicated it would raise interest rates in March, and the US dollar and bond yields rose.

Gold is hanging around $1,800, but many market commentators are predicting a fall as the rate hike nears, so maybe a time to look at moving some funds into cash until the next gold bull run starts. Gold stocks are already beaten up with many falling around 50% in a year, so you have to ask how much more can they fall?

Copper and some other base metals covered by the Market Review also fell, as the US dollar gained strength. Continue reading

Fiore Gold Proxy Advisor Recommends Calibre Bid

FIORE GOLD LTD. (TSX.V: F)

Announced that Institutional Shareholder Services (“ISS”) has recommended that Fiore shareholders vote FOR the proposed acquisition by Calibre Mining Corp, of all of the issued and outstanding shares of Fiore at the upcoming special meeting of shareholders  to be held on January 5, 2022. Continue reading

Fiore Gold Accepts Calibre Mining buyout Offer

Fiore Gold (TSX.V: F)

Fiore Gold announced today they had accepted a bid from Calibre Mining for the company.  Calibre are based in unfashionable Nicaragua, so Fiore offers them a chance to diversify into a tier 1 jurisdiction.

Fiore shareholders will receive 0.994 of a Calibre common share and C$0.10 in cash for each Fiore common share held[…] Continue reading