Mining Review 20th April 2025

The price of gold reached a new high and settled up around 2%.

Calibre Mining and Orla Mining announced record production and at lower gold prices than the current level.

Happy Easter!

We wish all our readers a happy and peaceful Easter.

Awalé Resources at the PDAC

City Investors Circle Mining Review 20th April 2025

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The price of gold reached a new high and settled up around 2%. All the precious metals rose, with silver rising nearly 5%.

Base metals also rose, with the exception of lithium, coking. and thermal coal.

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Calibre Mining and Orla Mining announced record production and at lower gold prices than the current level.

Awalé Resources reported more high-grade gold strikes in the Ivory Coast.

Producing gold miners generally had a good week as the market seems to be finally recognising the revenue now being earned at the higher gold price. The good results being reported now are at a lower gold price than currently, so if this price remains or increases the next set of results will be spectacular.

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  Colonial Coal mourns the passing of Director Tony Hammond

  Calibre Mining Delivered 71,539 Ounces in Q1 2025, a Record

  Awalé Resources Hit 12 g/t Gold over 26 Metres

  Orla Mining Achieved Record Quarterly Production

  Orla Mining Launched a $25M Exploration Drilling Program

  Capricorn Metals On Track for Production Guidance

  Mining Review 13th April 2025

Mining Review 10th November 2024

Westgold had a high-grade gold hit during drilling at Bluebird South. West Red Lake gave a positive mine restart update.

Gold and the precious metals slipped back slightly after the US election result which was seen as positive for the US dollar.

Gold Road Gruyere JV gold mine

City Investors Circle Mining Review 10th November 2024

The week was dominated by the US election, and the election of Donald Trump was seen as positive for the dollar, and the precious metals sold off a little in reponse. A strong dollar reduces the price of imported goods, and thus lowers inflation.

Gold and the precious metals slipped back slightly after the US election result which was seen as positive for the US dollar.

By the end of the week gold had moved back again showing how resilient it’s becoming to news that would normally sink the price. Central bank buying may be the reson for that of course.

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Last week was a quiet week newswise for our watchlist companies, yet there were some positive releases.

Westgold had a high-grade gold hit during drilling at Bluebird South.

West Red Lake Gold Mines gave a positive mine restart update for their Madsen gold mine in Ontario. This is the former Pure Gold (AIM and TSX) property that was bought out of administration for a song by WRLG after a poor mine startup left the former owners out of funds despite a decent gold price at the time.

WRLG are looking to commence production next year, and claim to have identified a better plan to make it work this time.

Colonial Coal were picked as a stock to follow by Simply Wall St. research house.

All the news from the last week is listed below, click on the lonk to be taken to the full story.

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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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Colonial Coal (TSX.V: CAD)

Simply Wall Street research has highlighted Colonial Coal as “one of three stocks to consider” in a recent research report.

CAD’s price has fallen back recentlyas the price of coking coal has weakened, but has started to climb again in the last few weeks, highlighting an undervaluation opportunity.

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Colonial Coal – Site visit at the Huguenot property, British Columbia.

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Colonial Coal Highlighted by Simply Wall St.

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Colonial Coal (TSX.V: CAD) Simply Wall Street research has highlighted Colonial Coal as “one of three stocks to consider” in a recent research report.

CAD’s price has fallen back recently as the price of coking coal has weakened, but has started to climb again in the last few weeks, as a result of incressing Chinese industrial activity, highlighting an undervaluation opportunity.

There has been speculation that Colonial is the target of M and A activity as the metallurgical coal sector is going through a lot of corporate activity.

A run in the coking coal price might just be the catalyst to attract that initial bid.

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Colonial Coal. (TSX.V: CAD)

The company’s potential has been highlighted by a new report by Epstein Research, which analyses new market data to project a potential valuation for Colonial Coal’s assets in the prolific Peace River Coking Coal Belt B.C., Canada.

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Colonial Coal	TSX.v : CAD
Stage	Exploration
Metals	Metallurgical coal
Market cap.	C$3488m   @ C$2.15
Location	British Columbia, Canada
Website	www.ccoal.ca

Colonial Coal featured in New Research Report

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Colonial Coal. (TSX.V: CAD) The company’s potential has been highlighted by a new report by Epstein Research, which analyses new market data to project a potential valuation for Colonial Coal’s assets in the prolific Peace River Coking Coal Belt B.C., Canada.

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Company Profile

Based in Vancouver, British Columbia, Colonial Coal International Corp. (CCIC) is a publicly traded pure-play metallurgical coal development company.

Currently, CCIC holds a 100% interest in two resource-stage coal properties in the Peace River Coalfield of northeastern British Columbia, Canada: namely, the Huguenot and Flatbed properties. NI 43-101 compliant resources totalling approximately 189 million tonnes of combined Measured & Indicated resources plus 194 million tonnes of Inferred resources of hard coking coal have been estimated for main deposit at Huguenot.

NI 43-101 compliant resources totalling approximately 298 million tonnes of Inferred metallurgical coal resources have been delineated at Flatbed.

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To View Colonial Coal’s historical news, please click here

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The Research Report can be read HERE

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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 Colonial Coal.

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Mining Review 28th April 2024

It’s been a busy week for our watchlist companies, with one deal disappearing as quickly as it came as Gold Road withdrew from the Greenstone Mines bid, and then Equinox Gold stepped in and took it for themselves.

G Mining Ventures announced a combination with Reunion Gold, based in Guyana.

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City Investors Circle Mining Review 28th April 2024

Gold and silver have had a poor week, but bounced and are now trading well off their respective lows.

Copper is still on a tear, as rumours of Chinese smelters being short of supplies abound.

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It’s been a busy week for our watchlist companies, with one deal disappearing as quickly as it came, as Gold Road withdrew from the Greenstone Mines bid, and then Equinox Gold stepped in and took it for themselves.

G Mining Ventures announced a combination with Reunion Gold, based in Guyana.

Colonial Coal have engaged Citigroup to act for them in their bid to find a buyer for their giant hard coking coal deposit in British Columbia. This is signifcant because Citigroup are involved in the recent activity regarding Tech and Glencore, and are well positioned to act in the sale of Colonial’s assets once the mega deals are done.

Ascot Resources reported the first gold pour at their Premier Gold mine in the Golden Triangle of British Columbia.

All the news from our watchlist companies is below, click on the links to be taken to the full story.

 Equinox Gold Consolidates Ownership of the Greenstone Gold Mine

  Calidus Resources positioned for a strong H2 FY2024

  Ascot Resources Poured First Gold at The Premier Mine

  Gold Road Ceasing Interest in Greenstone Gold Mines

  G Mining Ventures and Reunion Gold Announced a business Combination

  Global Mining Finance Spring Conference Line-up Announced

  Mining Review 21st April 2024

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Market Data

Weekly Price Changes

(US$ unless stated)

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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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Mining Review 11th February 2024

Colonial Coal ended the week very strongly on high volume, without any known news, so a situation to follow next week.

Otherwise it was another week where commodity and most mining share prices drifted.

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Calibre Mining – Nicaragua

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Mining Review 11th February 2024

Another week where commodity and most mining share prices drifted.

Colonial Coal ended the week very strongly, on high volume, without any known news, so this is certainly a situation to follow next week.

Some good drill results reported from our watchlist companies this week, with Calibre Mining reporting a significant discovery with potential to increase the resources at their Limon Mine in Nicaragua.

All the news from our watchlist companies this week involved good drill results, yet in this market prices continue to drift, and one wonders what has to be announced to make investors in the sector excited again?

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News from our watchlist companies is listed below, plese click on the links to be taken to the full story.

  Cabral Gold Drilled 30m @ 2.6 g/t Oxidized gold

  West Red Lake Gold Intersected 9.15 g/t Au over 3.3m

  Calibre Mining Continues to Intercept Bonanza Grade Drill Results

  Nevada King Intercepted 19.2 G/T AU Over 10.7m

  Cornish Metals Reported Successful Exploration Drilling

  American Creek’s JV Partner Identified High-Grade Gold

  Mining Review Sunday 4th February 2024

Market Data

Weekly Price Changes

(US$ unless stated)

Metal Prices

Spot mineral prices can be found HERE

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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Mining Review 17th December 2023

i-80 Gold Corp. released positive results from Granite Creek in a week with little news otherwise, as the conference season is over and focus turns to Christmas.

Confusing messages for the FED have kept down the price of gold just as it looked to be ready to take off, and some stocks have given back some of their recent gains.

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i-80 Gold Granite Creek project

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City Investors Circle Mining Review 17th December 2023

Confusing messages for the FED have kept down the price of gold just as it looked to be ready to take off, and some stocks have given back some of their recent gains as a result.

It’s almost as if the Fed chair Powell is betting on the price of gold as he releases contradictory statements in short timeframes.

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i-80 Gold Corp. released positive results from Granite Creek in a week with little news otherwise, as the conference season is over and focus turns to Christmas.

I-80 Gold continue to release high grade results from their exploration projects, all in Nevada, the best jurisdiction in my opinion, yet the market pays little attention, and the share price remains in the doldrums.

Colonial Coal had a positive AGM with all resolutions passed and directors re-elected. With the recnet activity with Tech, there is a feeling that Colonial will become the focus of M and A attention with one of the biggest coking coal resources in B.C.

Calidus Resources confirmed permission for Blue Bar production, which will add ounces to the mill at Warrawoona.

Click on the links below to be taken to the full stories on the website.

  Argosy Minerals Rincon Lithium Project Update

  Colonial Coal AGM Result

  i-80 Gold Released High-Grade Results from Granite Creek

  Calidus Resources Confirmed Approval of Blue Bar Production

  Global Mining Finance Conference Dates For 2024

  Gold Road New Corporate Presentation

  Mining Review 10th December 2023

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Market Data

Weekly price changes

(US$ unless stated)

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Mining Review Sunday 3rd December

It was a good week for junior mining stocks after the price if gold spiked as a result of the FED hinting that rate rises are done and the market expects cuts in Q2 2024 onwards.

I have noticed the share price and volume of stocks traded for Colonial Coal increasing, and with no news released, wonder if the market senses a deal is in the offing?

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City Investors Circle Mining Review Sunday 3rd December

It was a good week for junior mining stocks after the price if gold spiked as a result of the FED hinting that rate rises are done and the market expects cuts in Q2 2024 onwards.

I have noticed the price and volume of stocks traded for Colonial Coal increasing, and with no news released wonder if the market is smelling a deal in the offing?

The rise in the price of gold to within a whisker of its all time high has been positively received by the mining sector and a source of optimism in the Zurich Mining conferecne I attended this week.

It was good to see a couple of our companies coming out with good drill intercepts this week, American Creek via JV partner Tudor Gold, and Nevada King.

The Panamanian decision to close the First Quantum mine has reverberated around a shocked market, and only the dramatic rise in the price of gold deflected intertor’s attention away from this awful story and treatment of a decent mining company.

The conference season is now over, the meetings are now over and we can sit back and relax and enjoy the festive season.

I will certainly be keeping my eye on the Colonial Coal (CAD.V) shareprice and volume of shares traded this week, looking for signs that something may be about to occur.

News from our watchlist companies is below, click on the links to read the full story.

 Nevada King Intercepted 2.37 g/t AU Over 75m

  American Creek’s JV Partner Intersected 123 M of 3.51 G/T AUEQ

  City Investors Circle Market Review Published

  American Creek’s JV Partner Intersected 45.5 M Of 3.73 g/t AUEQ

  Neometals AGM Presentation and Address

  City Investors Circle Watchlist Adjustments

  Mining Review 26th November 2023

Market Data

Weekly price changes

(US$ unless stated)

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Metal Prices

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Mining Review 19th November 2023

The big news this week was the takeover of one of our watchlist companies, Marathon Gold, by Calibre Mining, who are diversifying their production from one country, Nicaragua, into safer jurisdictions.

This makes sense as although they are producing solid profits there, the constant threat of increased US sanctions makes diversification necessary really.

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Marathon Gold Valentine Project, Newfoundland.

City Investors Circle Mining Review 19th November 2023

The big news this week was the takeover of one of our watchlist companies, Marathon Gold, by Calibre Mining, who are diversifying their production from one country, Nicaragua, into safer jurisdictions, first the USA, and now Canada.

This makes sense as although they are producing solid profits there, the constant threat of increased US sanctions makes diversification necessary really.

I was waiting to invest in Marathon Gold, hoping tax loss selling would give me a good entry point, so I missed the premium to market of around 37%, although that will have fallen as Calibre’s share price fell on the news.

This is the second time Calibre have taken over a company I’m interested in. I hold a few shares as I didn’t sell after they took over Fiore Gold, but didn’t add them to the watchlist due to them being mainly focused on Nicaragua.

This deal changes that. Calibre have the financial strength to complete the construction of Valentine, something Marathon couldn’t have achieved without some painful dilution in the current cruel market conditions.

I am adding calibre to the watchlist, and intend to increase my holding as this deal changes everything in my view.

Colonial Coal was the sunject of an updated rpeort by Epstein Research, and the stock rose 27% during the week as investors renewed their interest in the company based on the compelling valuation numbers.

All the news significant releases from our watchlist companies are below, just click the links to be taken to the full story.

  Colonial Coal Price Rose After New Research Report Published

  O3 Mining Drill Results Confirm VMS Deposit Environment

  Marathon Gold Was Acquired by Calibre Mining

  Calibre Mining  Completes the C$40 m Financing of Marathon

  West Red Lake Gold Intersected 10.92 g/t Au over 2.4m

  Global Mining Finance Conference Program

  Mining Review 12th November 2023

Market Data

Week on Week Price changes

(US$ unless stated)

Metal Prices

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Colonial Coal (TSX.V: CAD)

Colonial Coal rose 27% last week, with strong volume, after a research report by US media group Epstein published an upbeat report on Colonial and the prospectes for coking coal moving forward.

Colonial was looking a bit unloved until the report was released, and it’s a thorough job, with update market data and projections,which clearly caught investors attention.

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Colonial Coal – Site visit at the Huguenot property.

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Colonial Coal Rose Strongly After a Positive Research Report.

Colonial Coal (TSX.V: CAD)  rose 27% last week, with strong volume, after a research report by US media group Epstein published an upbeat report on Colonial and the prospectes for coking coal moving forward.

Colonial was looking a bit unloved until the report was released, and it’s a thorough job, with update market data and projections,which clearly caught investors attention.

With optimism returning in some quarters for the Chinese economy , the price of iron ore is rising, and now metallurgical (coking) coal is getting the tow, because the two go hand in hand together in the producton of steel.

You can’t have one without the other!

Epstein’s research is very thorough and provides a positive picture of Colonial’s prospects for selling the company, as merger and acquisition activity in the coal sector starts to heat up, primarily with Glencore and Tech.

The research report can be viewed HERE.

It’s an excellent read, based on up to date market data, and a compelling read for anyone following Colonial Coal, or the coking coal sector in general.

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Mining Review 23rd April 2023

Calidus Resources, Colonial Coal, and Lithium Power Intl. all made positive news this week.

We initiated coverage of Goldshore Resources, after a positive London presentation.

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Goldshore project location map

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Mining Review 23rd April 2023

Calidus Resources, Colonial Coal, and Lithium Power Intl. all made positive news this week.

We initiated coverage of Goldshore Resources, after a positive London presentation. I was impressed with the track record and experience of the management team, the project ins in a tier 1 jurisdiction in Canada, and they already have a resources of over 4 million ounces.

Companies on our watchlist that made news last week

Calidus resources disappointed me by raising A$23m to increase production, when as a producer one would have hoped with such a high gold price further dilution would not have been necessary.

Lithium Power Intl. updated the market re their Maricunga lithium brine proect, then the Chilean governement decleared they were going to control the lithium industry in Chile, and restrict companies that want to operate there.

Colonial Coal responded to a new positive Broker Research Report from Tormont Media of the USA.

 Calidus Resources Raised A$23 M

 Colonial Coal New Research Report

 Rumble Resources New Presentation

 Lithium Power Maricunga Lithium Brine Project Update

 Initiating Coverage – Goldshore Resources

 Mining Review 16th April 2023

Read more: http://www.city-investors-circle.com/archives/#ixzz7zixySPTK

Market Data

Week on week price changes

All US$ unless stated

Metal Prices.

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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 is a shareholder of Calidus Resources, Colonial Coal, and Goldshore resources.

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Colonial Coal (TSX.V: CAD)

Is the subject of a new research report by respected analyst Tormont.

The updated report adds depth to the current matallurgiacal (coking) coal market and the various players involved in the machinations of M & A. 

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Colonial Coal (TSX.V: CAD)

Is the subject of a new research report by respected analyst Tormont.

The updated report adds depth to the current matallurgiacal (coking) coal market and the various players involved in the machinations of M & A.

Colonial Coal is a metallurgical (coking) coal explorer in the Peace River area of British Columbia, Canada.

Colonial has a large circa 800m ton resource of premium grade steelmaking coal adjoining other major projects, close to rail tranportation infrastructure, with access to a west coast port for export routes to Japan, China, and India.

Sea routes are closer than from Vancouver and the Newcastle port, in Australia, lowering shipping costs and transportation time.

The Colonial Coal corporate website can be found 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

At the time of writing the author is a shareholder of Colonial Coal International

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Mining Review 19th March 2023

US bank run concerns propelled gold higher this week, as investors moved to safety.

American Creek, Colonial Coal, Japan Gold, Newcore Gold, and Rumble Resources all released news this week.

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Ariana Resources’ Chris Sangster addresses a full house at the Global Mining Finance Conference amid the splendour of The Armourers’ Hall.

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City Investors Circle Mining Review 19th March 2023

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US bank run concerns propelled gold higher this week, as QE returns, and future rate hikes look doubtful in the longer turn.

Gold enjoyed a huge leap as investors ran for cover, as did Bitcoin.

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Turning to the stocks we follow,

American Creek, Colonial Coal, Japan Gold, Newcore Gold, and Rumble Resources all released news this week.

To read the full stories please click on the links below;

  Global Mining Finance Spring Conference Date Announced

  Japan Gold Commences Mizobe Drilling

  Rumble Resources New Corporate Presentation

  American Creek JV Tudor Gold Presentation

  Newcore Gold Announced an Updated MRE for Enchi

  Colonial Coal Announced an IR Partnership

  Mining Review 12th March 2023

Read moreIC: http://www.city-investors-circle.com/archives/#ixzz7wMM8sQ

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Market Data

Week on week price changes

(All US $ unless stated)

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Metal Prices

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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, Colonial Coal, Newcore, and Rumble Resources.

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Colonial Coal Intl. (TSX.V: CAD)

Announced that it has retained Adelaide Capital Markets Inc., a leading investor relations and capital markets advisory firm. 

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Colonial Coal – Site visit at the Huguenot property

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COLONIAL COAL ANNOUNCES INVESTOR RELATIONS PARTNERSHIP
WITH ADELAIDE CAPITAL

Vancouver, B.C., Canada – February 13, 2023 – Colonial Coal International Corp. (TSX-V: CAD) (the “Corporation” or “Colonial Coal”) is pleased to announce that it has retained Adelaide Capital Markets Inc. (“Adelaide”), a leading investor relations and capital markets advisory firm, as an investor relations consultant, subject to acceptance for filing by the TSX Venture Exchange (the “TSX-V”).

The term of the agreement is for a period of six months unless otherwise extended.
Adelaide is a full-service investor relations firm that brings a unique and powerful perspective and a re-engineered investor relations business model.

Adelaide will work closely with Colonial Coal to develop and deploy a comprehensive capital markets program, which includes assisting with non-deal roadshows, virtual campaigns, conferences and assisting with investor communication.

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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

At the time of writing the author holds shares in Colonial Coal.

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Mining Review 26th December 2022

i-80 Gold and Rokmaster Resources both announced good gold discoveries, and Cyprium Metals announced an offtake prepayment facility of their Nifty Copper project.

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i-80 Gold Ruby Hill Mine, Nevada, USA

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Mining Review 26th December 2022

The talking point of the week was the order by the Panamanian government to First Quantum Minerals to stop mining at their Cobre Panama giant copper mine, as the two sides cannot agree a new mining agreement.

They have agreed a new tax rate increasing by around $350 million the payments to the Panamanian government, but First Quantum want a scaled approach depending upon the price of copper, and this is the crux of the problem.

It’s beer and popcorn time as the mine provides 3.5% of Panama’s GDP, and First Quantum have invested billions in the project, so an agreement will have to be made, let’s see who blinks first.

Turning to those stocks we follow on our watchlist, i-80 Gold and Rokmaster Resources both announced good gold discoveries, and Cyprium Metals announced an offtake prepayment facility of their Nifty Copper project.

Colonial Coal had to reassure the market after a triple whammy of tax loss selling, the Tech deal with Conuma, and the Glencore B.C. authorities’ project rejection all weighed heavily on CAD’s shareprice.

  Argosy Minerals Produce 99.76% Lithium Carbonate

  Colonial Coal says projects unaffected by Sukunka EA

  Cyprium Metals Secured a US$35M Secured Offtake Prepayment Facility for Nifty

  I-80 Gold Finds More High Grade Mineralization at Ruby Hill

  Rokmaster sampled 18.26 g/t Au Eq over 3.5m

  Uranium Energy Corp. Reported Q1 Results 2023

  Mining Review 18th December 2022

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Market Data

Week on week price changes

(US$ unless stated)

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Metal prices

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Metal 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

=======

.

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 writing the author holds shares in Argosy Minerals, Colonial Coal, Cyprium Metals, and i-8- Gold.

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Mining Review 13th November 2022

City Investors Circle weekly Mining Review reports healthy rises in gold and silver as the US dollar fell back as US bond yields fell. Base metal prices rose on the back of Chinese covid lockdown relaxations.

Calidus Resources and i-80 Gold reported exploration results, Ascot Resources, Colonial Coal, and Wesdome Gold Mines reported Q3 financial results.

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Calidus Resources new solar and battery farm at the Warrawoona Gold Mine, WA.

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Mining Review 13th November 2022

City Investors Circle weekly Mining Review reports healthy rises in gold and silver as the US dollar fell back as US bond yields fell, despite the FED remaining hawkish and intent on further rate rises.

Some market commentators see there being a straight choice between the FED continuing to raise interest rates, and crashing the economy, or pivoting and living with higher inflation.

Of the two, the Biden administration seems to be hell bent on the first option, which is a major concern for property prices, and car manufacturers, both sectors that rely on people borrowing to finance their purchases.

Car finance in the USA is already available for up to seven years, and borrowers can have multiple car loans running simultaneously, unlike the UK where the loan has to be paid off once the car is sold. With higher interest rates for new car loans, how much further out can US car manufacturers push the loan window I wonder?

Base metal prices rose on the back of Chinese covid lockdown rule relaxations, which had been anticipated, due to the damage they were doing to the Chinese economy.

It has been reported that the Chinese had been taking advantage of low copper prices to increase their warehouse stocks, but that’s not unusual as they have done that in the past whenever there has been price weakness. It clearly makes sense.

Mining stocks on our watchlist making news included Pure Gold Mining, which has been transferred to the TSX NEX Exchange, which is basically a parking place for failed companies, or “those that fall below the standards of a TSX listing”

Quite bizarrely, on the London AIM market, the price is rising!

Calidus Resources and i-80 Gold reported exploration results, Ascot Resources, Colonial Coal, and Wesdome Gold Mines reported Q3 financial results, as results season is now in full swing.

I much prefer the Canadian quarterly reporting of results, as opposed to the AIM Market where results can actually be reported up to nine months later, and are therefore a poor guide to current performance.

News from our watchlist companies can be read in full by clicking the links below;

  Wesdome Gold Mines Announced disappointing Q3 Financial Results

  i-80 Gold Announce Ruby Creek Scoping Study

  Ascot Resources Reported Third Quarter 2022 Results

  Calidus Resources Confirmed Pirra Lithium Continuity

  Karora Resources Reported Strong Q3 2022 Results

  Colonial Coal MD & A for Year End July 2022

  Mining Review 6th November 2022

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Market Data

Week on week price changes

(US$ unless stated)

Metal Prices

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Metals ETFs

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Miscellaneous data

=======

.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

=======

.

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 writing the author holds shares in Ascot Resources, Calidus Resources, and Colonial Coal, all bought in the market at the prevailing price on the days of purchase. 

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.

Colonial Coal (TSX.V: CAD)

Published their Year end financial results for July 2022.

The company remains in good financial health, as they await corporate activity for their quality coking coal at their two projects located in British Columbia, Canada. 

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Colonial Coal Flatbed map

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Colonial Coal Year End Results July 2022

..

Colonial Coal (TSX.V: CAD) published their Year end financial results for July 2022.

The company remains in good financial health, as they await corporate activity for their quality coking coal at their two projects located in British Columbia, Canada.

To read the full news release, please click HERE

.

=======

.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

=======

.

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 writing the author holds shares in Colonial Coal, bought in the market at the prevailing price on the days of purchase. 

.

.

Mining Review Sunday Update 15th May 2022

A truly awful week for investors in mining stocks and precious metals, as the strong US dollar pushed down the price of gold, silver, stocks, and bonds.

Chinese copper stocks are low, but the price of copper continues to fall.  […] 

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Eloro Resources – Iska Iska project view.

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City Investors Circle Mining Review Sunday Update 15th May 2022

A truly awful week for investors in mining stocks and precious metals, as the strong US dollar pushed down the price of gold, silver, stocks, and bonds.

Chinese copper stocks are low, but the price of copper continues to fall. The price of nickel is also falling despite the Chinese ‘Big Shot’ only managing to unravel half of his short position so far.

Commodity prices falling

Firstly we have to remember that the US dollar is extremely high at the moment, a multi year high, so in fact some commodity prices will not be falling so much, if at all, in local currencies.

Last month for example, the price of gold fell in US dollar terms, but ROSE in UK £ terms, due to the rise of the dollar versus the £.

Even so the some of the falls in commodity prices over the last week were breathtaking, Tin -16.9%, Iron ore -11%, zinc -11%, nickel -8.6%, copper – 5.54%, and remember, these are WEEKLY price movements!

As well as the strong US dollar there are some economic concerns, the principal one being the effects of the covid lockdowns in various Chinese industrial cities, reducing the need for raw materials temporarily. The second of course is the Ukrainian conflict.

The only commodity that rose in price last week was coking coal, despite India increasing imports from Russia, at a discount, presumably.

Mining stocks took a battering this week, even profitable producers are being slaughtered in the rush to sell.  One example being Karora Resources (TSX.V: KRR), producing gold with a nickel by product with low AISC.

Stocks on our watchlist in the news this week.

Orla Mining Q1 2022 Earnings Call Transcript

Eloro Resources Completed a Discounted Bought Deal

Colonial Coal CEO Presentation Enthuses Investors

Pure Gold Mining – Diary of a Disaster

Ascot Resources Commenced their 2022 Drilling Program

Karora Resources welcomed Tony Makuch as an Advisor

Calidus Resources Poured first gold at Warrawoona

Market Data (US$)

Precious Metals

Base Metals

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Energy metals

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Bulk commodities

Metal ETF’s

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=======

.

If you need clarification of any information contained in this note, or have any questions about any company mentioned in this note, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

.

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 writing the author owns shares in all the companies mentioned in this report except Pure Gold Mining, bought in the market at the prevailing price on the day of purchase.

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Colonial Coal (TSX.V: CAD)

CEO David Austin gave an upbeat online presentation yesterday, where he highlighted the potential for the Colonial Coal Peace River assets at the prevailing world coal prices.

Quite simply, with FOB costs of around C$150, and coal fetching over C$500 per tonne, the numbers make a compelling investment case.  […] 

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Colonial Coal (TSX.V: CAD)

CEO David Austin gave an upbeat online presentation yesterday, where he highlighted the potential for the Colonial Coal Peace River assets at the prevailing world coal prices.

Quite simply, with FOB costs of around C$150, and coal fetching over C$500 per tonne, the numbers make a compelling investment case.

Colonial have been in M & A mode for some time now, and the share price has halved recently as some investors became impatient, but in the words of the great Charlie Munger, “the market is a mechanism for transferring wealth from the impatient to the patient”

David Austin ran through the presentation in his own style, succinct and honest, no slick stock promotion here, that works for me every time, and always will do.

The early parts of the presentation are already known but there’s no harm in a refresher, and a reminder of the potential of the Peace River coal region.

The presentation progressed to look at recent takeover deals, with over C$3 per tonne being paid, compared to CAD’s 20c per tonne current valuation. The upside potential is clear and it’s useful to see what the figures look like with current coal prices.

With CAD’s friendly large holders holding over 50%, there won’t be any hostile takeovers here

Dave concluded by informing listeners that CAD currently have 12 NDA’s and a couple of standstill agreements, and he expects another couple of NDA’s soon.

That last fact seems to have perked up investors as the stock has risen around 20c since the interview.

I have held this stock for a long time, but have the feeling the end game may finally be coming.

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=======

.

If you need clarification of any information contained in this note, or have any questions about Colonial Coal, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

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 author holds shares in Colonial Coal, bought in the market at the prevailing price on the days of purchase.

.

.

Mining Review Sunday Update 1st May 2022

Another poor week for gold, back below $1,900 due to anticipation of several FED half percent interest rate hikes, and a strong dollar.

Companies in  the news this week include Calidus Resources, Colonial Coal, Cornish Metals, Eloro Resources, and Neometals.  […] 

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Eloro Resources – Drill crew at their Iska Iska project, Potosi, Bolivia.

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Mining Review Sunday Update 1st May 2022

Another poor week for gold, back below $1,900 due to anticipation of several FED half percent interest rate hikes, and a strong dollar.

Interestingly, because of a lower pound sterling, gold is UP 2% in the last month, despite being 2% lower in US dollar terms.

Silver fared worse, taking a hefty hit on the week, see the precious metal price table below.

Companies in  the news this week include Calidus Resources, Colonial Coal, Cornish Metals, Eloro Resources, and Neometals.

It’s always heartening to see a mining company achieving its set goals and stated objectives within the timeframe, and on budget, so the recent news from Calidus Resources‘ Warrawoona Gold Mine was well received.

Whilst being wary of there being ‘many a slip between cusp and lip’, they are currently on track to achieve their targets at the moment.

Neometals is another company performing well, and their Primobius JV is doing very well in my view. I do wonder whether this may be spun out and listed in its own right, maybe in Frankfurt?

Eloro Resources is continually producing some significant drill intercepts at Iska Iska, their main project.  Sadly they are not getting the share price appreciation one would normally expect, due to the project being in Bolivia, a more risky country for mining projects.

Having said that, the current government are being respectful of international norms, so on current form Bolivia is a whole lot less risky than under former president Morales. This project looks to have enormous scale as well as high grades of silver and tin, so a sale to a more powerful mining company with more political clout looks on the cards eventually.

Colonial Coal was the subject of a research note by Epstein Research this week. The share price has slipped back due to investor impatience, as it tries to negotiate a sale of it’s high quality coking coal project. It looked undervalued before, it looks extremely undervalued now, at under CAD$0.30 per tonne in the ground for a commodity currently trading at US$465 tonne, or CAD$597.

The FOB costs of mining are around CAD$150, so a massive margin for what is traditionally  low margin high tonnage commodity.

News from our watchlist companies this week

City Investors Circle Market Review April 2022

Eloro Resources drilled 169.11g Ag eq over 235m

Colonial Coal Epstein Research note – “Cheapest Coking Coal Junior”

Cornish Metals Special Meeting of Shareholders

Calidus Resources commenced ore processing at Warrawoona

Neometals’ JV Primobius Received its Operating permit

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Market data

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A full list of metal prices and comments can be found on the Monthly Market Review for April 2022, please click HERE

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.

If you need clarification of any information contained in this note, or have any questions about Eloro Resources, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

.

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 author holds shares in Calidus Resources, Colonial Coal, and Eloro Resources, bought in the market at the prevailing price on the days of purchase.

.