Avino Silver & Gold Mines (TSX: ASM)

Reported Q2 2026 production results of 267,305 silver ounces , 2,178 gold oz, and 729,929 pounds of copper, for a total of 534,945 silver equivalent oz.

Q2 2026 represented a meaningful increase in contribution from La Preciosa with a 59% increase in silver production.

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La Preciosa silver mine, Durango, Mexico – Courtesy of Avino Silver

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AVINO ANNOUNCES Q2 2026 PRODUCTION RESULTS
 

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Avino Silver & Gold Mines Ltd. (ASM: TSX/NYSE American, GV6: FSE) a long-standing silver producer in Mexico, reports second quarter 2026 production results of 267,305 silver ounces (“oz”), 2,178 gold oz and 729,929 pounds of copper (“lbs”), for a total of 534,945 silver equivalent¹ (“AgEq¹”) oz.

 David Wolfin, President and Chief Executive Officer of Avino Silver said,

“The second quarter of 2026 represented a meaningful increase in contribution from La Preciosa with a 59% increase in silver production, as we continue to move the project forward.

 

“Mill performance remained solid during the quarter, with tonnes milled exceeding expectations and contributions from La Preciosa development ore continued to increase throughout the quarter.

 

“We will continue to optimize performance across our operations to advance our transformational growth plans.

 

“As noted previously and as La Preciosa advances, we expect that total 2026 production will be more heavily weighted to the second half of 2026.”

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PRODUCTION HIGHLIGHTS – Q2 2026

• Steady Progress at La Preciosa:  Ongoing extraction, haulage, and processing of mineralized development material from La Preciosa was above plan in Q2 2026, primarily due to Mill Circuit 2 becoming available. This increased throughput was offset by intentional processing of lower-grade development ore during elevated metal prices, that would have otherwise been stockpiled. 
• Increased La Preciosa Development Production: Avino produced 534,945 silver equivalent¹ ounces in Q2 2026, a decrease from Q2 2025, and was a result of lower copper production. The decrease reflects planned mining sequencing into lower copper grade areas near the historical open pit operations at Avino. At La Preciosa, development production increased 59% from Q1 2026, contributing 100,658 AgEq¹ ounces, and consisting of 84,806 silver oz and 182 gold oz.
• Consistent Mill Throughput: In Q2 2026, mill throughput remained on plan with 184,293 tonnes processed from both Avino and La Preciosa. Continued steady mill performance and availability reflects the impact of targeted upgrades and automation initiatives led by our operations and maintenance teams over recent years. 

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AIC Mines (ASX: A1M)

Announced the appointment of Clint Donkin as Managing Director and Chief Executive
Officer with effect from 31 October 2026 or such earlier date as agreed. 

At the same time, the current Non-Executive Chairman, Josef El-Raghy, will retire from the Board after having served nine years in the role.

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Eloise Copper Mill – Credits AIC Mines

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AIC Mines Announce a New MD as Joseph El-Raghy Retires

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AIC Mines Limited (ASX: A1M) (“AIC Mines” or the “Company”) is pleased to announce the appointment of Clint Donkin as Managing Director and Chief Executive Officer with effect from 31 October 2026 or such earlier date as agreed.

Following the commencement of Mr Donkin, the Company’s current Managing Director, Aaron Colleran, will transition to the role of Non-Executive Chairman.

At the same time, the current Non-Executive Chairman, Josef El-Raghy, will retire from the Board after having served nine years in the role. 

The appointment of Mr Donkin strengthens the Company’s operational capability while retaining the corporate knowledge and strategic leadership of Mr Colleran through the Chairmanship.

The transition represents a strategic evolution of the Company’s leadership structure as it progresses from a period of strong organic growth towards production ramp-up, operational improvement and inorganic growth.

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Appointment of Managing Director 

Mr Donkin is an experienced mining executive with broad operational, technical and
strategic leadership exposure across Australia, Africa, and South America.

His background spans large-scale copper operations, operational transformation,
business improvement, technology integration, and executive oversight of complex
mining assets.

During his career, Mr Donkin has held senior executive positions with Glencore PLC
and Ausenco Pty Ltd. At Glencore, he has held the position of Head of Copper – Africa
Region, Chief Technology Officer, and most recently Head of Joint Ventures – Copper
South America.

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Comment from Incoming Managing Director, Clint Donkin,

“I am delighted to be joining AIC Mines at such an exciting point in its development.

 

“The Company has built an enviable reputation for delivering on promise and this will remain a focus, while also considering opportunities to further improve production and reduce costs at Eloise.

 

“I look forward to working closely with the Board, our employees, and stakeholders to continue to build the Company and deliver sustainable, long-term shareholder value.”

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To read the full news release please click HERE

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.To View AIC Mining’s latest share price and chart, please click here

.To View AIC Mines’ historical news, please click 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.

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 holds shares in AIC Mines.

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AIC Mines (ASX: A1M)

Announced its FY27 Production and Cost Guidance, and FY28 and FY29 Production
Targets for the combined Eloise and Jericho copper mines.

This is an exciting period for the Company, as it transitions from a small-scale single mine operation to a 1.5Mtpa dual mine operation producing over 25,000tpa copper in concentrate.

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Eloise Copper Mill – Credits AIC Mines

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AIC Announce Eloise Three-Year Production Outlook

AIC Mines Limited (ASX: A1M) (“AIC Mines” or the “Company”) is pleased to
announce its FY27 Production and Cost Guidance, and FY28 and FY29 Production
Targets for the combined Eloise and Jericho copper mines.

This is an exciting period for the Company, as it transitions from a small-scale single mine operation to a 1.5Mtpa dual mine operation producing over 25,000tpa copper in concentrate.

CAPITAL STRUCTURE
Shares on Issue: 797,619,821

HIGHLIGHTS

• FY27 Guidance: The combined Eloise and Jericho projects are expected to
produce 17,500t – 18,500t Cu in concentrate in FY27, weighted to the second
half of the year following commissioning of the 1.1Mtpa plant expansion. The
blended average AISC is expected to fall within a range of A$4.80/lb – A$5.20/lb
(US$3.36 – US$3.64/lb) Cu sold and AIC of A$5.20/lb – A$5.60/lb (US$3.64/lb –
US$3.92/lb) Cu sold, net of by-product credits. Reduced underground
development at Eloise drives strong cashflow, particularly in the first half of FY27.

• FY28 Production Target of 20,000 – 22,000t Cu in concentrate: Commissioning
of the Stage 1 Eloise plant expansion to 1.1Mtpa and ramp-up of underground
production at the Jericho mine is planned for the December 2026 Quarter. This
is expected to increase copper production by approximately 50% to over
20,000tpa in concentrate from FY28 (see cautionary statement below).

• FY29 Production Target of 25,000 – 27,000t Cu in concentrate: The Stage 2 Eloise
plant expansion to 1.5Mtpa is now targeted to be completed in the December
2028 Quarter, approximately 2 years earlier than previously planned. This
expansion, along with accelerated underground development at Jericho, is
expected to increase copper production by a further 25% to over 25,000tpa in
concentrate from FY29 (see cautionary statement below).

• No additional funding is required for the Stage 2 Eloise plant expansion or
accelerated underground development at Jericho. However, the US$40 million
Trafigura Prepayment Facility for the Eloise Expansion Project (currently drawn
to US$30 million) has recently been expanded by US$10 million to a total US$50
million to ensure cost overruns or production delays can be managed, if required.
• Cautionary Statement: The Guidance and Production Targets are based on a
combination of approximately 95% Probable Ore Reserves and 5% Inferred Mineral
Resources. There is a low level of geological confidence associated with Inferred
Mineral Resources and there is no certainty that further exploration work will result
in the determination of Indicated Mineral Resources or that a Production Target
will be realised. Refer to page 5 and Appendix 1 of this announcement for the
material assumptions pertaining to the Production Targets.

All $ figures in this report refer to A$ unless otherwise stated. US$ data is based on an AUD:USD exchange rate of 0.7.

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To read the full news release please click HERE

+++++++

.To View AIC Mining’s latest share price and chart, please click here

.To View AIC Mines’ historical news, please click 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.

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 AIC Mines.

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Copper Giant – Initiating Coverage

Copper Giant (CGNT.V) is a large copper / molybedenum project located in southern Colombia, close to the Ecuadorian border.

An experienced management team is backed by a 13% investment held by Frank Giustra’s Fiore Group.

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Mocoa panoramic view- Courtest of Copper Giant

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Comment

Formerly called Libero Copper, Copper Giant has a good project in what is now, mining friendly Colombia.

The company is well financed for a decent drill program in a prolific copper / molybedenum belt.

Of the six major copper mines opened in the last ten years, management have been involved in two of them, one in Panama, one in Ecuador.

The 13% shareholding of Frank Giustra, and management’s experience attracted me to this stock, which I intend to keep as a long term hold providing the company maintains it stated objectives.

I prefer investments where management have significant skin in the game, and at 29% management here are clearly aligned with their shareholders.

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Copper Giant – Initiating Coverage

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Copper Giant (CGNT.V) is a large copper / molybedenum project located in southern Colombia, close to the Ecuadorian border.

An experienced management team is backed by a 13% investment held by Frank Giustra’s Fiore Group.

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Company 

Copper Giant Resources Corp. is a mineral exploration company advancing the Mocoa copper-molybdenum project in southern Colombia, a large-scale asset with significant development potential.

The company is focused on unlocking long-term value through exploration, resource expansion, and disciplined project advancement in a market supported by growing global demand for copper.

Backed by Frank Giustra and the Fiore Group, Copper Giant is advancing the 1.1B+ tonne Mocao copper-molybdenum project in Colombia.

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Management

CEO and President Ian Harris saw the advance to construction of the Mirador mine in Ecuador, owned by Corriente Resources. Mirador was sold to a Chinese company who advanced it to production.

Director Ernest Mast is the former CEO of First Quantum Minerals, (formerly INMET Mining), for the development of the giant Cobre Panama copper mine.

Director Mark Gibson is the former COO of Ivanhoe Electric and Cordoba Minerals.

Thyana Alvarez VP and Country Manager is an influental lady in Colombian political circles.

Special Advisor Frank Guistra needs no introduction to mining investors. A highly sucessful entrepeneur in the mining and commodities sectors. Frank’s involvement should ensure this highly experienced management team remain on track.

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Financial

Shares            212,139,198

Warrants         88.608.223

Options           18,135,000

Fully Diluted    318,882,421

Cash C$ 16 million   (Fully funded for 2026 program)

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Major shareholders

Management (Including the Fiore Group)  29%

Frank Giustra – Fiore Group   13.52%

Institutions 18%

Anglo Asia Mining (LSE: AAZ)  3%

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To view Copper Giant’s latest share price and chart, please click HERE

Mogotes Metals (TSX.V: MOG)

Announced that it has entered into a binding term sheet with Rio Tinto Exploration Canada Inc.under which Rio Tinto or an affiliated company will subscribe for 30,387,857 units of the Company at a price of C$0.70 per Unit for gross proceeds of approximately US$15,000,000, equivalent to C$21,271,500.

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Filo Sur vista – Credits Mogotes Metals

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Mogotes Metals (TSX.V: MOG)

Provided an update on drilling results from its flagship Filo Sur project, located immediately south of, and along strike from, the Filo del Sol copper-gold-silver discovery being advanced by BHP and Lundin Mining.¹

While the Company awaits the final assay results today’s update confirms and expands the discovery at the Albor target, first made with hole FS_DDH_016.

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Filo Sur vista – Credits Mogotes Metals

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Figure 1: Albor and Filo Sur Drill Hole Locations – and Pending Luz del Sol Drill Holes

 

 

 

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Highlights of FS_DDH_016:

·      180.0 m @ 0.98% CuEq from 108.0 m(0.51% Cu, 0.37 g/t Au, 2.8 g/t Ag, 119 ppm Mo) including:

o  58.0 m @ 1.77% CuEq from 111.0 m(0.90% Cu, 0.70 g/t Au, 3.6 g/t Ag, 228 ppm Mo)

o   7.0 m @ 1.01% CuEq from 188.0 m (0.54% Cu, 0.38 g/t Au, 1.8 g/t Ag, 118 ppm Mo)

o   7.0 m @ 1.29% CuEq from 236.0 m (0.91% Cu, 0.16 g/t Au, 11.9 g/t Ag, 143 ppm Mo)

o   9.0 m @ 2.84% CuEq from 276.0 m (1.32% Cu, 1.34 g/t Au, 7.5 g/t Ag, 105 ppm Mo)

·      Shallow Copper and Gold Mineralization starts at 108 m depth

 

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To read the full news release please click HERE

 

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To see the latest share price and chart, please click HERE

..To View Mogote Metals’ historical news, please click here

.The live gold price 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 holds shares in Mogotes Metals.

.

To read our full terms and conditions, please click HERE

Market Review June 2026 published

The highlighted company is Errington Metals.

The main news concerned G2 Goldfields’ shareholders approving the combination with G Mining Ventures and the spinout of newco G3.

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City Investors Circle Market Review June 2026

The highlighted company is Errington Metals.

lisker Resources, Canadian company focused on the Bralorne Gold Proejct, a district-scale gold belt in British Columbia.

The company have started the Mustang Mine on a low capex model, and is using ore sorting and producing its first gold and trucking for toll-milling or off-take shipping. The company is now targeting its Olymous Mine at its second mine.

Talisker have a structured plan to raise production over a number of steps in the next five years.

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The main news concerned G2 Goldfields‘ shareholders approving the combination with G Mining Ventures and the spinout of newco G3.

This creates a major gold producer in the Oko region of Guyana, and gives G3 shareholders  the exploration licences of G2 in a prolific gold region. This is a fantastic opportunity to create further shareholder valua in the longe term.

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Other significant news in the Review included,

 Equinox Gold Secures Land Access Agreements at Los Filos Mine

This is huge news for Equinox Gold, as Los Filos in one of the world’s largest gold mines, and this agreement allows for the restart of the mine and further exploration of this prolific area.

To read the June 2026 Market Review, please click HERE.

To receive future issues of the Market Review and invitations to our free to attend mining presentations, please email andrew@city-investors-circle.com

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Archive of June’s news releases is listed below, click the relevant link to be taken to the full story.

  Ramelius Sell Edna May to Forrestania for $300 million

  Mining Review 28th June 2026

  Equinox Gold Secures Land Access Agreements at Los Filos Mine

  Minerals 260 Bullabulling resource update on track as drilling extends mineralisation at depth

  Benz Defines Maiden Gold Exploration Target at Glenburgh

  New Murchison Gold Updated MRE for Garden Gully

  Cabral Gold Drills a Significant New Mineralized Zone

  Altair Announce Appointment of Specialist Advisor – Dr Sonia Scarselli

  Mining Review 21st June 2026

  Benz Confirms Free Milling Gold with High Recoveries at Icon

  Heliostar to Expand La Colorada with Strong Drill Results and Permits

  Silver Storm Receives La Parrilla Surface Drilling Permits

  G2 Goldfields Shareholders Approve Transaction With G Mining Ventures

  Barton Gold to Expand Tunkillia Phase 2 Upgrade Drilling

  Minerals 260 Commences Early Construction and Development Activities at Bullabulling

  Mining Review 14th June 2026

  Initiating Coverage of Errington Metals

  Silver Storm Celebrates First Silver Pour at La Parilla

  Lahontan Drills 91m At 0.43 g/t Au And Discovers a New Gold Zone

  Minerals 260 Continues To Grow Its Resource

  Omai Gold Drills 8.54g/t Au over 20.6m at Northeast Wenot

  Fuerte Metals Announces Name Change To Talamore Mining Corp.

  Mining Review 7th June 2026

  Orla Mining Blockade Dispute Over, workers Return

  Caprice Resources – High-Grade Gold Growth at The Island Gold Project

  Pacgold to Demerge Its Queensland Assets

  Ora Banda DRIVE to 300 aspiration To Double Production

  Orla’s Share Price Falls as Mine Blockaded in Worker Dispute

  Market Review May 2026

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 may hold shares in some or all of the companies mentioned

.

Errington Metals (TSX.V EM)

Errington is an interesting company located in Sudbury Ontario, with an early resource of 13m tons of copper at a grade of 4% Copper equivalent.

Management have skin in the game, and previous experience of delivering shareholder value.

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City Investors Circle Initiating Coverage of Errington Metals

Errington Metals (TSX.V: EM) is an interesting company located in Sudbury Ontario, with an early resource of 13m tons of copper at a grade of 4% Copper equivalent.

Management have decent skin in the game, and previous experience of delivering shareholder value.

Highlights

Unlocking High-Grade Critical Metals in the Sudbury Basin
 

Errington Metals is redefining the exploration landscape in Canada’s most prolific mining district.

Sudbury is globally renowned for copper-nickel-PGE deposits, but its massive, high-grade VMS potential has remained largely ignored, and hence underexplored..

Backed by a technically seasoned management team, board and advisors with exceptional track records of building companies, Errington is aggressively advancing its flagship Sudbury Basin Project to deliver superior long-term value for our shareholders and source metals for the global green transition.

The asset has over twice the grade of Foran, and superior infrastructure and location.

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Management

David Harquail is ex Franco Nevada, and Dan Myersen has just sold Foran for C$3.5 billion. 

Management own over 22% of the company.

This week the company released good drill results, and a new capmpaign is planned to try and reach an asset of 20 million tons at around 4% copper equivalent.

I am planning to make an initial investment before the new round of drill results are announced.

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Live metal 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.

.

Disclosure

At the time of writing the author holds no shares in Errington Metals.

.

.

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2026 Key Catalyst

We are currently executing an aggressive 45,000-metre drill program specifically designed to support our initial mineral resource estimate and test high-priority regional targets.

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Mogotes Metals (TSX.V: MOG)

Announced partial laboratory assay results from diamond drillhole FS_DDH_016 at the Company’s flagship Filo Sur project in Argentina, immediately along strike from BHP and Lundin Mining’s Filo del Sol copper-gold-silver discovery.

Assays received for the first 194 m within the 464 m deep hole confirm a continuous zone starting from 108 m depth of near surface, high-grade copper-gold-silver.

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Mogotes Metals Filo Sur vista – Credits Mogotes Metals

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Toronto, Ontario – May 14, 2026 – Mogotes Metals Inc. (TSXV: MOG, FSE: OY4, OTCQB: MOGMF) (“Mogotes”, or the “Company”) is pleased to announce partial laboratory assay results from diamond drillhole FS_DDH_016 at the Company’s flagship Filo Sur project in Argentina, immediately along strike from BHP and Lundin Mining’s Filo del Sol copper-gold-silver discovery^¹.

Assays received for the first 194 m within the 464 m deep hole confirm a continuous zone starting from 108 m depth of near surface, high-grade copper-gold-silver-molybdenum mineralization within chalcopyrite – bornite – covellite bearing breccias, stockwork and dissemination within the altered porphyry matrix.  

Mogotes geologists have noted strong parallels with the characteristics of mineralization in hole FS_DDH_016 and those reported from the nearby Filo del Sol deposit².

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Highlights

·      86 m at 0.7% Cu, 0.55 g/t Au, 2.7 g/t Ag & 169 ppm Mo from 108 m to 194 m down hole to end of assays received to date.

o  Including 43 m at 1.1% Cu, 0.82 g/t Au, 4.0 g/t Ag & 281 ppm Mo from 111 m

o  Reported interval ends in mineralization

o  Assays for the remaining 270 m of the hole are pending.

 

·     Shallow high-grade copper, gold, silver and molybdenum mineralization: mineralization starts at 108 m down hole, and trenching results along strike at surface indicate that mineralization projects to surface beneath a thin scree cover that may also be concealing a larger mineralized target.

·    Generally low levels of arsenic for the Vicuña district: Arsenic levels are typically low (median for this interval is 2 ppm As) within this mineralized interval with only specific narrow structures with elevated arsenic indicating the local presence of the copper-bearing epithermal mineral enargite.

·      Larger mineral system at play:The newly identified “Albor” target is part of a 3.5 km long Mogotes (Meseta – Luz del Sol – Cumbre – Albor) Miocene age target trend aligned within the regional scale, transorogen, Macho Muerto Fault Zone. Observed multistage alteration and mineralization features in the drill core suggest association with a larger Cu-Au-Ag-Mo mineral system.

·       “Albor” is thesecond copper-gold-silver-molybdenum discoveryby Mogotes in its inaugural drilling season at Filo Sur (see Cruz del Sur press release) and is part of the large Luz del Sol target trend where drill results are pending for a number of holes drilled in the 2025-2026 exploration season.

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 Figure 1: Core from 125.75m (FS_DDH_016), 125-126m assays at1.67% Cu, 1.62 g/t Au, 1.69 g/t Ag, 685 ppm Mo

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CEO Comment

Allen Sabet, President and CEO of Mogotes, commented:

“In our first fully funded drill season at Filo Sur we have now made two significant copper-gold-silver-molybdenum discoveries at Cruz del Sur and at the Albor target, where we have just scratched the surface of something we believe will be significant.

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This partial assay release from Albor is a first hole into a shallow and high-grade copper-gold-silver-molybdenum system, strategically located adjacent to the large Vicuña district deposits, where BHP and Lundin Mining are developing the Josemaria copper-gold porphyry and evaluating development options for the very large Filo del Sol deposit.

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As this style of mineralization has implications for the broader Vicuña district, we felt it prudent to release partial results for FS_DDH_016 as received.

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We continue to be humbled by the geological endowment of this very special part of the world and are grateful for the continued support of our patient shareholders. Stay tuned for more!”

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To read the full news release please click HERE

 

+++++++

 

To see the latest share price and chart, please click HERE

..To View Mogote Metals’ historical news, please click here

.The live gold price 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.

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Disclosure

At the time of writing the author holds shares in Mogotes Metals.

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To read our full terms and conditions, please click HERE

Mogotes Metals (TSX.V: MOG)

Announced the discovery of a large, shallow gold breccia system and an underlying gold-copper-molybdenum porphyry at its Cruz del Sur target, part of the Filo Sur project in Argentina’s Vicuña district.

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Highlights

• New near-surface gold-zinc breccia discovery:24 m at 1.01 g/t Au(FS_DDH_007) within120 m at 0.52 g/t Aufrom just 24 m depth

• Underlying gold-copper porphyry confirmed:62 m at 0.62 g/t Au and 800 ppm Cu(FS_DDH_006) within a 258 m interval at 0.36 g/t Au and 744ppm Cu

• Copper grades improving with depth, pointing to higher-grade potential below current drill coverage

• Only a fraction of the largely gravel covered, 4.0 x 0.5 km target footprint has been tested and the system is open along strike and at depth.

 

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Mogotes Metals Inc. (TSX.V: MOG)

Announced that four drill rigs are currently drilling multiple porphyry and epithermal targets at the Company’s Mogotes Filo Sur project, that adjoins the southern limit of the large BHP / Lundin Filo Del Sol Copper-Gold-Silver resource in the Vicuña district.

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Mogotes Metals Filo Sur vista – Credits Mogotes Metals

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Mogotes Metals. (TSX.V: MOG)

Announced a non-brokered private placement through the issuance of 71,698,113 units at a price of $0.265 per Unit for aggregate gross proceeds of up to C$19,000,000.

The Company welcomes the participation of CD Capital Fund IV L.P., which, has subscribed for C$15,000,000 of the Offering.

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Filo Sur vista – Courtesy of Mogotes Metals

Erdene Resource Development (TSX: ERD)

Announced an updated mineral resource estimate for its 100% owned Zuun Mod molybdenum-copper porphyry project, located in the Khundii Minerals District, in southwestern Mongolia.

The updated resource estimate, when compared to the previous, demonstrates a significant increase.

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Erdene Resource Development Corp. (TSX:ERD; MSE:ERDN; OTCQB:ERDCD) (“Erdene” or the “Company”) is pleased to announce an updated mineral resource estimate for its 100% owned Zuun Mod molybdenum-copper porphyry project, located in the Khundii Minerals District, in southwestern Mongolia.

HIGHLIGHTS

• 100% owned license hosts one of Asia’s largest undeveloped molybdenum-copper deposits
• Only 35 kilometers from Erdene Mongol’s Bayan Khundii Gold Mine in region of growing infrastructure and 180 kilometres from China, the world’s largest molybdenum consumer
• The updated resource estimate, when compared to the previous, demonstrates a significant increase:
  • 22% increase in Measured and Indicated molybdenum (“Mo”) resources to 333 million pound (“Mlbs”) and 95% increase in Inferred Mo resources to 300 Mlbs
  • 16% increase in Measured and Indicated copper (“Cu”) resources to 384 Mlbs and 75% increase in Inferred Cu resources to 350 Mlbs
• Substantial exploration upside within very large molybdenum-copper and copper-silver porphyry complex
• Drilling planned in Q4 2025 to test expansion opportunities and copper targets 

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Peter Akerley, Erdene’s President and CEO commented,

“We are very pleased to report the updated resource, confirming Zuun Mod as one of Asia’s largest undeveloped molybdenum-copper projects.

 

“The project is located less than 200 kilometres from the world’s largest molybdenum and copper consumer and steel producer, in a region seeing rapid infrastructure build-out, including Erdene’s Bayan Khundii Gold Mine.

 

“Molybdenum is highly valued as a critical mineral with growing demand in the advanced electronics, aerospace and defense sectors and expanding processing capacity in the region. The outlook for molybdenum is bullish and production from Zuun Mod is expected to be readily absorbed in the market.

 

“With an improved understanding of geologic and structural controls of the deposit, several opportunities for enhancement and expansion have materialized. Drilling is planned in Q4 to test these opportunities as well as copper targets in the northern portion of the porphyry complex.

 

“As we define the deposit further, we are continuing to progress marketing and technical studies to advance the project.”

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To read the full news release, please click HERE

Erdene Resource Development (TSX: ERD)

Erdene has just poured first gold on its Mongolian gold project, Bayan Khundi.

The company are looking to self fund an intensive exploration round whilst rapidly paying down debt during the next 12 months.

The first target is a production rate of around 7,000 Oz gold per month within a few months from now.

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Courtesy of Erdene Resource Development

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Comment

This is just the sort of company I like to invest in, commencing production, with a funded large exploration program, in a highly prospective gold and copper belt.

The jurisdiction is Mongolia, which I would classify as tier 2 or 3, but management have moved the company through exploration into production which suggests relations with the government are good.

Lastly, their projects offer the potential for scale, which is another preference of mine.

I have just made an investment and am looking to add a few more when funds become available if management continue to deliver.

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Initiating Coverage – Erdene Resource Development

Company profile

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Mining Review 3rd August 2025

The price of copper tanked on the news that Trump isn’t going to tariff all copper imported into the USA.

Equinox gold announced new high-grade gold drill results, and a leadership transition.

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Equinox Gold Greenstone Mine – Credits Equinox Gold Corp.

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City Investors Circle Mining Review 3rd August 2025

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Mining Review 3rd August 2025 – The price of copper tanked on the news that Trump isn’t going to tariff all copper imported into the USA. The price fell a whopping 23.4% after the news.

Gold move up 2% week on week, and silver fell after a recent strong run, causing the gold silver ration to increase after weeks of falling.

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Equinox Gold announced new high-grade gold drill results, and a leadership transition. The feeling in the market is that this is one to watch over the next year, as providing the price of gold remains high EQX will be able to pay down it’s current debt in large chunks.

Equinox also announced that former Calibre Mining CEO Darren Hall has assumed the role of CEO.

Darren has huge experience in the gold mining sector, with Kirkland Lake Gold and Newmarket Gold, before transforming Calibre from a junior mining company to a mid tier producer before being acquired by Equinox.

Darren looks a safe pair of hands to lead the company forwards from here in my opinion.

Capricorn Metals agreed to purchase the Mongers Lake project contiguous to their Mt. Gibson project as they consolidate the area around Mt. Gibson.

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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.

.

Declaration

At the time of writing the author may hold positions in any of the stocks mentioned.

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AIC Mines (ASX:  A1M)

Advised that the Eloise Copper Mine has exceeded its FY25 Production Guidance of 12,500t of copper and 5,000oz of gold in concentrate.

AIC was targeting full year FY25 production from Eloise of approximately
12,500t Cu and 5,000oz Au in concentrate at an AISC of approximately A$5.25/lb
Cu and AIC of A$5.50/lb Cu.

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Eloise Copper Mill – Credits AIC Mines

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AIC Mines FY25 Production Guidance Achieved at Eloise Copper Mine

AIC Mines Limited (“AIC Mines” or “the Company”) (ASX: A1M) is pleased to advise
that the Eloise Copper Mine has exceeded its FY25 Production Guidance of 12,500t
of copper and 5,000oz of gold in concentrate.
• AIC Mines was targeting full year FY25 production from Eloise of approximately
12,500t Cu and 5,000oz Au in concentrate at an AISC of approximately A$5.25/lb
Cu and AIC of A$5.50/lb Cu1
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• AIC Mines can confirm that Eloise has exceeded its FY25 copper and gold
production guidance, having produced 12,863t of copper and 5,955oz of gold in
concentrate.
• This achievement represents the second year and eighth quarter in a row that
Eloise has achieved production guidance.
• Since acquiring Eloise in November 2021, one of AIC Mines’ key focus areas at
Eloise has been to improve operational reliability through:
• Investment in the mining fleet and mine ventilation to maintain productivity
and improve efficiency;
• Discovery and development of additional ore sources; and
• Developing the operational leadership team and reducing employee
turnover.
• Full results for the June 2025 Quarter are expected to be reported in the week
commencing 21 July 2025.

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AIC Mines’ Managing Director Aaron Colleran said:

“This is an excellent outcome and testament to the energy and ability of the team at Eloise and the capital investment made by AIC Mines since acquiring the mine in November 2021.”

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ABOUT AIC MINES

AIC is a growth focused Australian resources company.

Its strategy is to build a portfolio of gold and copper assets in Australia through exploration, development and acquisition.

AIC owns the Eloise Copper Mine, a high-grade operating underground mine
located SE of Cloncurry in North Queensland.

The company is also advancing a portfolio of exploration projects that are prospective for copper and gold.

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To read the full news release please click HERE

.

.To View AIC Mines’ historical news, please click here

The live gold price 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.

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 AIC Mines.

.

.

AIC Mines (ASX: A1M)

Announced new drilling results from resource definition and extension drilling at the
Jericho copper deposit located in North Queensland.

Step-out drilling at the Billabong shoot, 380 metres down-plunge of the nearest
drillhole, returned a high-grade intercept, 5.5m (4.1m ETW) grading 2.4% Cu from 696m.

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Eloise Copper Mill – Credits AIC Mines

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AIC Mines High-grade depth extension at the Jericho Copper Deposit

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ASX ANNOUNCEMENT
12 June 2025

AIC Mines Limited (ASX: A1M) (“AIC Mines” or the “Company”) is pleased to
announce new drilling results from resource definition and extension drilling at the
Jericho copper deposit located in North Queensland.

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Highlights

• Step-out drilling at the Billabong shoot, 380 metres down-plunge of the nearest
drillhole, returned a high-grade intercept:
• JEDD074 – 5.5m (4.1m ETW) grading 2.4% Cu from 696m
• The result confirms that high-grade mineralisation continues at depth several hundred metres below the current Inferred Resources.
• Resource infill drilling at the Matilda and Matilda North shoots intersected the
following significant results:
• JEDD074 – 15.2m (11.4m ETW) grading 1.0% Cu from 422.8m
• JEDD075 – 10.0m (7.5m ETW) grading 1.4% Cu from 255m
• JEDD076 – 12.0m (9.0m ETW) grading 1.9% Cu from 137m, including
• 4.0m (3.0m ETW) grading 4.1% Cu from 145m
• JEDD077 – 7.0m (5.3m ETW) grading 1.2% Cu from 313m.

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Commenting on the results, AIC Mines’ Managing Director Aaron Colleran said:

“Intersecting high-grade mineralisation in a 380m step-out hole beneath the current resource is testament to the calibre of the Jericho deposit, and to the AIC Mines exploration team who have rapidly developed a comprehensive understanding of the controls on mineralisation.”

Jericho Copper Deposit

The Jericho copper deposit is located 4 kilometres south of the Eloise copper mine and processing plant.

Mineralisation at Jericho is defined over a strike length of 5 kilometres and remains open to the north and south. It commences at approximately 50m below surface and extends to a vertical depth of 650m below surface – the current limit of drilling.

Mineralisation occurs predominantly in two parallel lenses, J1 and J2, with higher grade shoots within these lenses, such as Jumbuck, Matilda and Billabong.

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ABOUT AIC MINES

AIC Mines is a growth focused Australian resources company.

Its strategy is to build a portfolio of gold and copper assets in Australia through exploration, development and acquisition.

AIC Mines owns the Eloise copper mine, a high-grade operating underground mine
located SE of Cloncurry in North Queensland.

AIC Mines is also advancing a portfolio of exploration projects that are prospective for copper and gold.

CAPITAL STRUCTURE
Shares on Issue: 575,682,640
BOARD MEMBERS
Josef El-Raghy   –   Non-Executive Chairman
Aaron Colleran   –   Managing Director & CEO

CORPORATE DETAILS
ASX: A1M
www.aicmines.com.au

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——-

To read the full news release, please click 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.

.

Disclosure

At the time of writing the author holds shares in AIC Mines. 

.

To read our full terms and conditions, please click HERE

.

AIC Mines (ASX: A1M)

We are initiating coverage of AIC Mines, a copper and gold production, exploration, and development company located in Queensland, Australia.

AIC’s Chairman is Josef El-Raghy, well known to UK investors for his stewardship of Centamin Egypt from exploration to production, to finally being acquired during some challenging times in the markets and politically in Egypt.

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Eloise Copper Mill – Credits AIC Mines

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City Investors Circle Initiating Coverage of AIC Mines

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AIC Mines (ASX: A1M)

We are initiating coverage of AIC Mines, a copper and gold production, exploration, and development company located in Queensland, Australia.

AIC’s Chairman is Josef El-Raghy, well known to UK investors for his stewardship of Centamin Egypt from exploration to production, to finally being acquired during some challenging times in the markets and politically in Egypt.

——

ABOUT AIC MINES

AIC Mines is a growth focused Australian resources company.

Its strategy is to build a portfolio of gold and copper assets in Australia through exploration, development and acquisition.

AIC owns the Eloise copper mine, a high-grade operating underground mine
located SE of Cloncurry in North Queensland.

AIC Mines is also advancing a portfolio of exploration projects that are prospective for copper and gold.

CAPITAL STRUCTURE
Shares on Issue: 575,682,640
BOARD MEMBERS
Josef El-Raghy   –   Non-Executive Chairman
Aaron Colleran   –   Managing Director & CEO

CORPORATE DETAILS
ASX: A1M
www.aicmines.com.au

.

AIC project location map – Credits AIC Mines

.

——-

To View AIC Mines’ historical news, please click 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.

.

Disclosure

At the time of writing the author holds shares in AIC Mines. 

.

To read our full terms and conditions, please click HERE

.

Cornish Metals (AIM / TSX.V: CUSN)

Announced that Mr. Owen Mihalop, Chief Operating Officer (“COO”), has left the Company with effect from April 25^th, 2025 in order to pursue new opportunities.

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Comment.

Despite the friendly language, this looks like a forced change to me.

Otherwise why announce after the event? This does not look like a planned change, with no replacement being named. 

I have a feeling all is not going to plan at South Crofty, maybe this is the reason for this sudden change?

News about the shaft remediation and dewatering is scarce, and the company never officially denied the rumours of water ingress posted on blogs last year.

Cornish Metals Announces Management Change

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