Mining Review 1st October 2023
A poor week for gold as “higher for longer” US rate predictions took their toll on the price, taking it down to the mid $1800s, and looking weak.
Westhaven announced good drill results at Shovelnose, Calidus reported increased production potential, and West Red Lake Gold rose on the back of a newsletter promotion. Continue reading
Mining Review 3rd September 2023
Gold rallied strongly during the week, after disappointing US economic data suggested the FED may have to call a halt to further interest rate rises sooner than expected, bring recession fears to the fore and interest rate cuts sooner than expected, all positive for gold.
Eloro and O3 Mining both reported good drill results during the week, and Gold Road Resources reported record profits for H1 2023. Continue reading
Australian Stocks
Stocks rose strongly on the ASX on the first day of trading in the new tax year.
June is normally a poor month as investors realise tax losses. Continue reading
Market Review June 2023
The City Investors Circle Market Review for June 2023 has been published.
The review features comments on Marathon Gold, Gold Road Resources, Minera Alamos, and a few other companies. Continue reading
Gold Road Resources (ASX: GOR)
The Western Australian gold miner has published an updated corporate pressentation.
Gold Road have just published impressive production results. Continue reading
Mining Review 9th April 2023
It was a generally quiet week leading up to the Easter weekend on the company news front, but we still managed a few snippets, companies reporting included Gold Road Resources, Maple Gold, and Silver Tiger Metals. Continue reading
Gold Road Resources (ASX: GOR)
Presented an updated 3-Year mine production outlook for Gruyere.
The Gruyere JV has completed feasibility level studies on the seven-stage Gruyere pit design, including metallurgical and geotechnical studies that underpin the Life-of-Mine until 2032. Continue reading
Gold Road Resources (ASX: GOR)
Reported that their Gruyere Gold Mine has delivered to 2022 annual guidance, and to present a preliminary production and financial update for the December 2022 quarter.
The Gruyere JV is a 50:50 joint venture with Gruyere Mining Company Pty Ltd, a member of the Gold Fields Ltd group, who manages and operates the Gruyere gold mine. Continue reading
Gold Road Resources (ASX: GOR)
Have published a new corporate presentation ahead of making some investor meetings.
GOR are due to clear their gold hedge this month, adding to their bottom line from December onwards. Continue reading
Gold Road Resources (ASX: GOR)
Presented a preliminary production and financial update for the September 2022 quarter.
The Gruyere Gold Mine had another strong quarter, producing 83,635 ounces of gold (100% basis), in line with expectations. Ore tonnes processed totalled 2.2 Mt at a head grade of 1.26 g/t Au and a gold recovery of 92.3% for the quarter. This is the highest average quarterly head grade achieved at Gruyere to date. Continue reading
Market Review August 2022 Published
The City Investors Circle Market Review for August 2022 has been published, with a focus on the effect of interest rises on a falling junior mining market.
Companies mentioned include Gold Road Resources, Cabral Gold, Uranium Energy Corp., Franco Nevada, and Royal Gold. To read the Review Continue reading
City Investors Circle July Market Review
Has been published, with comments on the fierce debate going on in the USA regarding the definition of a recession as the White House seeks to deny the country has already entered one.
Companies featired incude Neometals, Karora Resources, and Gold Road Resources, plus comments on others making the news during the month. Continue reading
Gold Road Resources Limited (ASX: GOR)
Presented a preliminary production and financial update for the June 2022 quarter.
Gruyere produced a record 85,676 ounces of gold (100% basis) during the quarter (Marchquarter: 71,135 ounces), in line with expectations. {…}.. Continue reading
Gold Road Resources (ASX: GOR)
Reported that they now hold in excess of the required 80% acceptances for their takeover for DGO, so the deal will now conclude.
GOR now hold 72,018,039 yes votes, or 85.85%, well in excess of the required minimum. […] Continue reading
City Investors Circle Mining Review 12th June 2022
This week’s news was dominated by news from down under, with Gold Road and Calidus Resources putting out significant announcements. News from our Canadian watchlist was thin on the ground, with only Westhaven Gold putting out a drilling news release. […] Continue reading
Gold Road Resources (ASX: GOR)
Acceptances for Gold Road’s friendy takeover of DGO have soared since the initial reluctance to accept th original deal, since improved slightly.
GOR now hold around 73%, so close to the 80% target and then the deal is done. […] Continue reading
Gold Road Resources (ASX:GOR)
Announced an increased offer for all the outstanding ordinary shares of DGO. The Improved Offer consideration is 2.25 Gold Road shares for every DGO Share outstanding.
The implied value of the DGO shares is $2.95, which is a 7.6% premium to DGO’s 10 Day VWAP as at 27 May 2022 of $2.74. Continue reading
Gold Road Resources (ASX: GOR)
Has made a unanimously recommended off-market takeover offer for DGO Gold, ASX: DGO), at an implied offer price of A$3.55 per share.
The offer is conditional upon an 80% acceptance by DGO shareholders. Continue reading
Mining Review Sunday Update 3rd April 2022
The nickel price is still holding at a higher level then before the LME ‘Big Shot’ debacle, and volumes remain low, some trust has been lost.
Watchlist companies making news this week included Banyan Gold, Cornish Metals, Gold Road Resources, Neometals, and Pure Gold Mining. […] Continue reading
Gold Road Resources (ASX: GOR) announced their Full Year Results for 2021, and declared a dividend of 0.5 cents for the second half of the year.
New profit after tax and basic EPS were roughly 50% down YOY, and mill performance issues were cited as being partly responsible. […] Continue reading
