Orla Mining Achieves Record Annual Gold Production

 Orla Mining (TSX: OLA; NYSE: ORLA)

Provided an operational update for the fourth quarter and year ended December 31, 2024, as well as preliminary 2025 guidance.

The Company produced 26,531 ounces of gold in Q4, bringing total annual gold production for 2024 to 136,748 ounces. Orla achieved its already improved 2024 production guidance range of 130,000 to 140,000 ounces, representing a 19% beat.

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Orla Mining Camino Rojo plant

Orla Mining heap leach pad, Solution pond, and Merrill-Crowe plant

 

 

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Orla Mining TSX : OLA
Stage Development
Metals Gold
Market cap C$2.6 billion   @ C$8.08
Location Mexico + Nevada + Canada + Panama
Website www.orlamining.com

 

Orla Mining Achieves Record Annual Gold Production, Meets Improved 2024 Production Guidance, and Announces Preliminary 2025 Guidance

 

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Vancouver, BC – January 16, 2025 – Orla Mining Ltd. (TSX: OLA; NYSE: ORLA) (“Orla” or the “Company”) is pleased to provide an operational update for the fourth quarter and year ended December 31, 2024, as well as preliminary 2025 guidance.

The Company produced 26,531 ounces of gold in the fourth quarter, bringing total annual gold production for 2024 to 136,748 ounces.

As a result, the Company achieved its improved full-year 2024 production guidance range of 130,000 to 140,000 ounces, representing a 19% beat to the mid-point of its initial production 2024 guidance of 110,000 to 120,000 ounces.

As a result of this increased production the Company anticipates full year 2024 all-in sustaining cost[1] (AISC) to be at the low end of the improved guidance range of $800 to $900 per ounce of gold sold.

Complete financial and operating results for the fourth quarter and full year 2024 are expected to be provided on March 18, 2025.

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(All amounts expressed in millions of US dollars, as at December 31, 2024 and are unaudited)

Fourth Quarter and Year End 2024 Camino Rojo Oxide Mine Operational Update

Camino Rojo maintained higher mining rates during the fourth quarter as a result of the mine pit redesign to ensure steady production through 2024 and 2025.

The strip ratio was 1.54 for the quarter and 1.12 for the full year. Gold production in the fourth quarter totaled 26,531 ounces, in line with the plan.

An additional 4,100 ounces of gold remained in the refinery inventory as concentrate at year end due to the pour schedule and has been poured and shipped in January. Full year gold production achieved a record 136,748 ounces due to higher than planned tonnes stacked, higher grade processed, and higher recoveries due to finer crusher product size..

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Liquidity Position

During the fourth quarter 2024, the Company repaid the entirety of the outstanding balance of $58.4 million under its revolving credit facility, taking the Company to a debt free position. At December 31, 2024, Orla’s cash position was $160.8 million. 

2025 Guidance Summary (Preliminary)

This preliminary guidance does not reflect the benefits of the Company’s acquisition of the Musselwhite Mine from Newmont Corporation, announced on November 18, 2024, which is anticipated to close in the first quarter of 2025.

Updated 2025 guidance, including the Musselwhite Mine and corporate G&A will be provided following the transaction’s closing. this news release for additional information.

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Camino Rojo (Mexico)

In 2025, Camino Rojo expects to mine approximately 20 million tonnes, placing about 7 million tonnes of ore on the heap leach pad, stockpiling just over 1 million tonnes of low-grade ore.

In the first half of 2025, stacking will primarily consist of oxide ore, resulting in higher gold recovery rates.

The stacked ore blend will shift in the second half of 2025 which will see the stacking of more transition ore resulting in slightly lower gold recovery rates.

Total gross operating costs in 2025 are expected to be in line with 2024 but slightly lower gold production in 2025 is expected to result in higher cash costs and AISC per ounce.

Despite this, Camino Rojo’s first quartile costs are expected to continue to deliver strong cash margins. Sustaining capital in 2025 is mostly related to capitalized waste movement and completion of the live ore stockpile dome.

Exploration efforts in Mexico for 2025 are focused on advancing Zone 22 (Camino Rojo Extension) to an indicated mineral resource classification, as well as testing regional drill targets for new discoveries.

The Company plans to spend $16 million to conduct 22,000 metres of drilling in Mexico during the year.

In addition, the Company is advancing an initial underground resource estimate for the Camino Rojo Sulphides, which is expected to be released in the first half of the year.

Following this, additional studies will be undertaken to support a Preliminary Economic Assessment (PEA) for the Camino Rojo Sulphides.

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South Carlin Complex (Nevada)

In 2025, the Company is focused on advancing permitting and project development on the South Railroad Project, part of the larger South Carlin Complex. The Company intends to allocate $12 million toward project development expenses in 2025 at South Carlin Complex.

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Fourth Quarter 2024 Conference Call

Orla will host a conference call on Wednesday March 19, 2025, at 15:00 UK time, to provide a corporate update following the release of its financial and operating results for the fourth quarter 2024:

Dial-In Numbers / Webcast:

USA / International Toll:         +1 (646) 307-1952

Canada – Toll-Free:                +1 (888) 672-2415

Conference ID:                       6451818

Webcast:                     https://orlamining.com/investors/   

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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

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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 Orla Mining.

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Meeka Metals Announce High-Grade Gold at Turnberry

Meeka Metals (ASX: MEK)

Reported further high-grade assays from ongoing drilling at Turnberry, ahead of mining in the March 2025 quarter.

Highlights included 10m @ 15.71g/t Au from 114m including 1m @ 34.70g/t Au and 1m @ 113.00g/t Au and 10m @ 9.81g/t Au from 130m which ended in mineralisation.

 

 

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Meeka Metals

 

 

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Meeka Metals ASX: MEK
Stage Development, exploration
Metals Gold
Market cap A$248m   @  A$0.97
Location Near Kalgoorlie, Western Australia
Website https://meekametals.com.au

 

ASX Announcement
16 January 2025

 

Meeka Metals Limited (ASX: MEK) (“Meeka” or the “Company”) is pleased to report further high-grade assays from ongoing drilling at Turnberry, ahead of mining in the March 2025 quarter.

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New results from Turnberry include:
• 10m @ 15.71g/t Au from 114m including 1m @ 34.70g/t Au and 1m @ 113.00g/t Au
(24TBGC053)
• 10m @ 9.81g/t Au from 130m including 1m @ 86.50g/t Au (24TBGC038) – hole
ends in mineralisation
• 13m @ 6.76g/t Au from 42m including 1m @ 10.10g/t Au and 1m @ 70.80g/t Au
(24TBGC034)

10m @ 15.71g/t Au – High-Grade Gold Continues at the Murchison
Drilling at Turnberry, part of the Murchison Gold Project (“Murchison”),
continues to intersect thick zones of high-grade gold, including a new gold
zone below the Stage 1 open pit.

RC drilling is ongoing at the Murchison where new results from Turnberry
include:

o 10m @ 15.71g/t Au from 114m including 1m @ 34.70g/t Au and
1m @ 113.00g/t Au (24TBGC053)
o 10m @ 9.81g/t Au from 130m including 1m @ 86.50g/t Au (24TBGC038) –
hole ends in mineralisation
o 13m @ 6.76g/t Au from 42m including 1m @ 10.10g/t Au and 1m @ 70.80g/t
Au (24TBGC034)

• Holes 24TBGC0034, 48, 53 and 64 were extended beyond the open pit shell and
have intersected a new gold zone on the western side of Turnberry South.
• Assays have now been received for 78 of the 145 holes drilled to December 2024

RC drilling will continue through the March 2025 quarter at both Turnberry and
St Anne’s.

 

 

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Commenting on the drilling, Meeka’s Managing Director Tim Davidson said:

“It is pleasing to see thick zones of consistent, high-grade gold at Turnberry following the bonanza gold grades, exceeding two ounces per tonne, that we reported at St Anne’s last week.

 

“The results continue to highlight the strong production these open pits will deliver in the coming months as we commence mining.

 

“We are also starting to see a new gold zone, with grades over an ounce per tonne, outside and to the west of the Stage 1 Turnberry South open pit. A total of 4 holes reported in this release intersected this new western zone.

“Further assays are expected in January 2025 from the remaining 67 holes drilled during the December 2024 quarter.

 

“Drilling remains ongoing and results from 2025 drilling are expected in the March 2025 quarter.”

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To read the full news release, please click HERE

 

The live Spot 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

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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 Meeka Metals. 

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To read our full terms and conditions, please click HERE

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Meeka Metals – Initiating Coverage

Meeka Metals (ASX: MEK)

City Investors Circle are initiating coverage of Meeka Metals, as soon to be in production gold producer located near Meekathara in Western australia.

Meeka are restarting a former producing gold mine, and exploring the region to add more ounces to increase the current 10 year life of mine.

 

 

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Meeka Metals

 

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Meeka Metals ASX: MEK
Stage Development, exploration
Metals Gold
Market cap A$248m   @  A$0.97
Location Near Kalgoorlie, Western Australia
Website https://meekametals.com.au

 

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Meeka Metals Stock Profile
Shares Ourstanding 2,375 billion
Options 138 million
Fully diluted  2,613 billion
Cash A$ 55 million
Debt NIL

 

 

Meeka Metals – Initiating coverage

 

Meeka Metals (ASX: MEK) have all the ingredients I personally look for in a company I am consodering investing in.

  • Tier 1 Jurisdiction  ✔
  • Experienced management  ✔
  • Zero Hedging  ✔
  • Zero Debt  ✔
  • Funded to Production  ✔
  • Imminent production (mid 2025)  ✔
  • Management ownership >5% ✔
  • Large institutional ownership (40%)  ✔
  • Fully Permitted ✔
  • Infrastructure in place  ✔

    Meeka is never going to be a huge gold producer, but at the current gold price the economics and cashflow look good, and there is plenty of exploration potential in a prolific gold belt.

    Neighbours include Catalyst’s Plutonic Mine and and Westgold’s Meekathara.

     

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    Meeka Metals Limited (ASX:MEK) is an Australian listed company that explores and develops gold deposits in Western Australia. 

    It has an experienced management team that have a history of creating shareholder value in Western Australia, and elsewhere.

    The company’s main project is the Murchison Gold Project, at Meekathara, Western Australia.

    Meeka is currently expanding the plant to increase throughput before commencing mining. The expansion is low capex and easy engineering.

    The company are planning to restart two open pits and an underground operation to produce on average around 65,000 ounces of gold PA at an AISC of around A$1,950 (current gold price is A$4,388).

    Open pit mining is scheduled to commence on the 1st March 2025.

     

    A recent company presentation can be found HERE

     

    The live Spot 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 Meeka Metals. 

    .

    To read our full terms and conditions, please click HERE

    .

     

     



    Orla’s Proxy Advises Shareholders to Vote for the Musselwhite Acquisition

    Orla Mining (TSX: OLA; NYSE: ORLA)

    Announced that the two leading independent proxy advisory firms have each recommended that Orla’s shareholders vote FOR the resolution to approve the Company’s proposed acquisition of the Musselwhite Minefrom Newmont Corporation.

     

     

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    Leading Independent Proxy Advisory Firms Recommend Orla’s Shareholders Vote for the Proposed Acquisition of Musselwhite Mine from Newmont Corporation

    Vancouver, BC – January 9, 2025 – Orla Mining Ltd. (TSX: OLA; NYSE: ORLA) (“Orla” or the “Company”) is pleased to announce that the two leading independent proxy advisory firms have each recommended that Orla’s shareholders vote FOR the resolution to approve the Company’s proposed acquisition of the Musselwhite Mine (the “Transaction”) from Newmont Corporation (“Newmont”).

    The proxy advisory firms also recommended voting FOR a resolution to approve a concurrent private placement of convertible notes and common share purchase warrants to Pierre Lassonde and Fairfax Financial Holdings Limited.

    The net proceeds from the private placement will be used to fund a portion of the purchase price of the Transaction (the “Concurrent Private Placement”).

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    Your Vote is Important

    • The deadline for voting your shares by proxy is 8:00 a.m. (Vancouver time) on Friday January 17, 2025.
    • Your vote is important no matter how many shares you own. Vote today!
    • Shareholders who have questions or need assistance with voting their shares should contact Orla’s proxy solicitation agent, Laurel Hill Advisory Group, by telephone at 1-877-452-7184 or by email at assistance@laurelhill.com. 

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    Orla’s Special Meeting of Shareholders

    A special meeting of shareholders of the Company will be held on January 21, 2025, at 15.00 UK time,  (8:00 a.m. Vancouver time),  at Suite 3500 -1133 Melville Street, Vancouver, British Columbia, V6E 4E5, to consider the Transaction and Concurrent Private Placement.

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    Recommendations of Orla’s Board of Directors 

    Orla’s Board of Directors (excluding Scott Langley, Newmont’s representative on the Board), having considered all factors it has deemed to be necessary to be considered, unanimously recommends Orla’s shareholders vote FOR the resolutions approving the Transaction and the Concurrent Private Placement.

     

    Shareholders are encouraged to read the Company’s management information circular dated December 9, 2024, and vote their shares as soon as possible.

    The management information circular is available on SEDAR+ and EDGAR under the Company’s profile at www.sedarplus.ca and www.sec.gov, respectively, as well as the Company’s website at www.orlamining.com/investors/musselwhite-special-meeting.

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    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 Orla Mining.

    .



     Westgold Group Production Lifts in Q2 FY25

    Westgold Resources (ASX / TSX: WGX)

    Provided preliminary production results for Q2, FY25, where Westgold produced 80,886 oz of gold (up from 77,369 oz in Q1, FY25.

    Total production for the first half was 158,255 oz with production expected to further increase in H2, FY25, consistent with guidance.

     

     

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    Westgold

    Westgold – Bluebird Spouth Junction

     

     

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    Westgold ASX / TSX: WGX
    Stage Production + development
    Metals Gold
    Market cap A$2.5 Billion @ A$2.64
    Location Western Australia
    Website www.westgold.com.au

     

     

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     Westgold Group Production Lifts in Q2 FY25

     

     

    Perth, Western Australia, 9 January 2025: Westgold Resources Limited (ASX/TSX: WGX, OTCQX: WGXRF – Westgold or the Company) is pleased to provide preliminary production results for Q2, FY25.

    Since merging with Karora Resources in August 2024, Westgold continues to invest in the expanded business and increase quarter on quarter gold production.

    In Q2, FY25, Westgold produced 80,886 oz of gold (up from 77,369 oz in Q1, FY25.

    Total production for the first half was 158,255 oz with production expected to further increase in H2, FY25, consistent with guidance.

    Ramp up at both the Bluebird and Beta-Hunt underground mines continues.

    At Bluebird-South Junction, efforts were focussed on increasing grade and consistency of mine production, while a modified ground support regime was implemented.

    At Beta Hunt mine infrastructure upgrades critical to increasing mine outputs (including water, power reticulation and ventilation circuits) are being implemented and are due for completion at the end of Q3, FY25.

    Development at the Great Fingall mine near Cue remains on track, with first ore anticipated in Q4, FY25. 

    Westgold’s quarterly gold production (koz) As of 31 December 2024, the Company’s cash, bullion and liquid investments was $152M and together with $250M undrawn from its $300M Corporate Facility, the Company had financial liquidity of $402M at hand.

    Q2, FY25 operational and cost details will be available in the full December 2024 Quarterly Report to be issued on 30 January 2025.

     

     

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    Westgold Managing Director and CEO Wayne Bramwell commented:

     

    “Q2, FY25 saw Westgold continue to optimise its expanded, post-merger business. Production increased whilst we continued to heavily invest in the long-term capacity of our mines in the Murchison and Southern Goldfields.

     

    “Investment to support increased and sustainable production from our principal mines was the key focus of our activities over H1, with multiple growth projects advancing in parallel across the expanded group.

     

    “Bluebird-South Junction and Beta Hunt are our key drivers of growth in H2, FY25 with operational changes being implemented to see outputs lift and become more consistent into H2, FY25.

     

    “In addition, the Great Fingall Mine is scheduled to begin production in late Q4, FY25.

     

    “To drive our long-term cost base down, plant expansion studies at Higginsville, Bluebird and Fortnum are advancing with initial capital estimates to be reported shortly.

     

    “To extend mine lives, our underground drilling fleet is fully deployed across the group and surface drill contractors are active at Peak Hill and Higginsville.

     

    “All these elements are beginning to coalesce with the stage now set for Westgold to demonstrate the enhanced capability of our expanded asset base during H2, FY25.” 

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    To read the full news release please click HERE

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    .To View Westgold’s historical news, please click here

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    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 Westgold.

    .

    To read our full terms and conditions, please click HERE



    Mining Review 12th January 2025

    Mining Review 12th January 2025

    Calibre Mining and Gold Road Resources both declared record gold production in December 2024, after slightly missing guidance earlier in the year.

    The price of gold is climbing despite the US dollar and US Treasury rates climbing, a sign of political and economic uncertainty?

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    Faraday Copper

    Faraday Copper Property – Arizona

     

     

    City Investors Circle Mining Review 12th January 2025

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    Archives

    Calibre Mining and Gold Road Resources both declared record gold production in December 2024, after slightly missing guidance earlier in the year.

    ——-

    The price of gold is climbing despite the US dollar and US Treasury rates climbing, a sign of politican and economic uncertainty?

    It of course is absolutely the reason the precious metal is climbing when it should be falling. china has been buying again and despite the high US job numbers signalling a stop to imminent US rate cuts, the precious metals all rose in value, when in a normal market they would have fallen.

    For UK investors invested in physical gold, and / or Australian, American, and Canadian stocks, the lower value of the pound increases the value of those investments, so it’s a useful hedge against the UK Labour party train wrecking the economy, which they seem determined to do in short order.

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    After last week’s falls, industrial and base metals were positive this week. It just seems to flip flop from week to week at the moment depending upon analysts’ view of the Chinese economy and economic stimulus.

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    Turning to company news from stocks on our watchlist, the week was positive, with Calibre Mining and Gold Road Resources both declared record gold production in December 2024, after slightly missing guidance earlier in the year.

    G2 Goldfields was the star of the week, rising 10% as it prepares to spin out non core projects into G3.

    West Red Lake Gold Mines posted some decent Pre-feasabilty numbers ahead of the resumption of mining in early 2025.

    Early stage explorer Faraday Copper released some positive drill intersections including 30m at 0.78% copper.

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    All the significant news from our watchlist companies can be accessed by clicking the links below to be taken to the full story.

    Calibre Mining Deliversed a Record Q4 Gold Production of 76,269 Ounces

    Faraday Copper Intersected 40.06 m at 0.78% Copper

    West Red Lake Gold Mines Announced a Positive Pre-Feasibility Study for Madsen

    G Mining Ventures Received a Vital Permit for Oko West

    G2 Goldfields Announced Filing of Reports for Proposed Spin-Out

    Gold Road Announced  Record Production in December

    Mining Review 5th January 2025

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    Market Data

    Weekly Price Changes

    (US$ unless stated)

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    Metal Prices Price Weekly % change
    Gold price in UK £ £2211 3.90%
    Gold 2690 1.82%
    Silver 30.43 6.40%
    Palladium 968 4.82%
    Platinum 992 4.61%
    Rhodium 4725 5.59%
    Copper 4.06 3.05%
    Nickel 6.89 1.17%
    Zinc 1.28 -3.76%
    Tin 13.58 6.09%
    Cobalt 10.91 0.00%
    Manganese 2.9 0.00%
    Lithium 9820 -0.22%
    Uranium 72.9 -2.02%
    Iron Ore 98.1 -5.31%
    Coking Coal 195 -4.41%
    Thermal coal 117 -7.51%
     
     
    Metal ETFs Price Weekly % change
    GLD 248.21 1.80%
    GDX 35.97 2.68%
    GDXJ 45.32 2.33%
    Sil 32.81 0.18%
    SILJ 10.46 1.26%
    GOEX  (PCX) 31.02 1.87%
    URA 27.17 -4.60%
    COPX  39.17 0.59%
    HUI  293.55 3.05%
    Gold / Silver ratio 88.40 -4.31%
    10 yr Tbond (TNX) 4.77 3.92%
    2 yr T bond US2Y 4.38 3.06%
    US  index (DXY) 109.64 0.59%
    SPJXGD 59.69 2.70%

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    Click HERE for live Spot 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.

    .

    Declaration

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

    .

    To read our full terms and conditions, please click HERE



    Calibre Delivers Record Q4 Gold Production of 76,269 Ounces

    Calibre Mining Corp. (TSX: CXB)

    Announced operating results for Q4 and year ended December 31, 2024, an update on the Valentine Gold Mine, located in Newfoundland & Labrador, Canada and initial 2025 guidance.

    Record consolidated Q4 gold production of 76,269 ounces; Nicaragua 66,578 ounces and Nevada 9,691 ounces.

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    Calibre Mining

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    .

    Calibre Mining TSX: CXB
    Stage Production, development, exploration
    Metals Gold
    Market cap C$1.98 Billion @ C$2.37
    Location Canada, Nicaragua, USA
    Website www.calibremining.com

     

    Calibre Delivers Record Q4 Gold Production of 76,269 Ounces; 2025 Gold Production Expected to Significantly Increase as Valentine Gold Mine, Canada Remains on Track for First Gold During Q2, 2025

    .

    VANCOUVER, British Columbia, Jan. 08, 2025 (GLOBE NEWSWIRE) —Calibre Mining Corp.(TSX: CXB; OTCQX: CXBMF) (the “Company” or “Calibre”) is pleased to announce operating results for the three months (“Q4”) and year ended (“Full Year”) December 31, 2024, an update on the Valentine Gold Mine (“Valentine”), located in Newfoundland & Labrador, Canada and initial 2025 guidance. All figures are expressed in U.S. dollars unless otherwise stated.

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    .

    Q4 & Full Year 2024 Production Results and Exploration Highlights

    • Record consolidated Q4 gold production of 76,269 ounces; Nicaragua 66,578 ounces and Nevada 9,691 ounces;
    • Consolidated Full Year gold production of 242,487 ounces, exceeding updated 2024 guidance (230,000 – 240,000 ounces); Nicaragua 207,220 ounces and Nevada 35,267 ounces;
    • Q4 delivered the strongest production of the year, setting a solid foundation for a promising start to 2025;
    • Cash $186.7 million ($131.1 million in cash and $55.6 million in restricted cash);

     

    .

    Valentine Remains on Track for Q2, 2025 Gold Production

    .

    .

     

    Executive Officer of Calibre, stated:

    “Calibre achieved total gold production of 242,487 ounces in 2024. After addressing challenges in the third quarter, we delivered an exceptional fourth quarter, producing a record 76,269 ounces.

    “Looking ahead, 2025 is shaping up to be a transformational year for Calibre with first gold production from Valentine on schedule for Q2. With Valentine fully operational, Calibre transitions into a robust, multi-asset, diversified mid-tier gold producer.

    “Valentine is poised to become a long-life, cornerstone asset in Canada, initially delivering approximately 200,000 ounces of gold annually with significant exploration upside.

    “We have made substantial progress on technical studies to increase Valentine’s throughput in a phase two expansion. While the original design envisioned an increase in throughput from the currently planned 2.5 million tonnes per year to 4 million tonnes per year starting in 2029, we are now actively advancing plans to accelerate the timeline for scaling up production to as much as 5.4 million tonnes per year.

    “In 2025, we will focus on detailed engineering and schedule with the intent of committing to long lead time items before year end.

    “Considering these developments, Valentine has the potential to exceed the production levels outlined in the 2022 feasibility study, especially given the promising results emerging from our ongoing exploration efforts. This positions Calibre for substantial growth and value creation in the coming months and years.

    As previously announced, our exploration investment at Valentine has delivered very exciting results. November’s discovery of broad widths of gold mineralization outside mineral resources at the Frank Zone, approximately 1 km south of the Valentine Gold Mine demonstrates the upside potential.

    “Results included 2.43 g/t gold over 172.8 metres including 3.84 g/t gold over 90.9 metres, 2.12 g/t gold over 95.4 metres and 2.26 g/t gold over 78.3 metres from the initial discovery.

    “Our 2024 drilling program wrapped up in mid December, and we anticipate providing additional results surrounding the Frank Zone discovery as assays become available.

    “Exploration is ramping up and as construction activity progresses to completion, we expect to add drills to increase the Valentine exploration activity throughout the year. In 2025, we expect to execute the largest annual exploration drill program in the property’s history.

    “The geologic setting at Valentine is similar to the prolific Val d’Or and Timmins camps in the Abitibi gold belt. This, in combination with the significant prospectivity of the 32-kilometre Valentine Lake Shear Zone (“VLSZ”), I am confident that we will continue to deliver strong exploration results, unlocking the potential of this highly prospective region.

    “Additionally, we are very encouraged by the continued exploration success across our assets in Nicaragua. During 2024, we announced numerous high-grade results from the Talavera Gold Zone and the VTEM Gold Corridor within the Limon Mine Complex demonstrating the exceptional potential for rapid resource growth.

    “During 2025, I anticipate additional success as we expand our exploration efforts and again advance a multi-rig 100,000 metre drill program.”

    .

    .To read the full news release please click HERE

    .

    The live gold price can be found HERE

    .

    =======

    .

    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 Calibre Mining

    .



    West Red Lake Gold Announces Positive Pre-Feasibility Study for Madsen

    West Red Lake Gold Mines (TSX.V: WRLG)

    Announced the results of the pre-feasibility study prepared in accordance with National Instrument 43-101 for the imminent restart of its 100% owned Madsen Mine project in the Red Lake Gold District of northwestern Ontario, Canada.

     

     

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    West Red Lake Gold Mines

     

     

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    West Red Lake Gold Mines TSX.V : WRLG
    Stage Exploration / Development
    Metals Gold
    Market cap C$178 m   @ 56 cents
    Location Ontario, Canada
    Website www.westredlakegold.com

    /

    West Red Lake Gold Announces Positive Pre-Feasibility Study Results for Madsen Gold Mine with $315M After-Tax NPV and $70M Average Annual Free Cash Flow

    .

    .

    .

    West Red Lake Gold Mines Ltd. (“West Red Lake Gold” or the “Company”) (TSXV: WRLG) is pleased to announce the results of the pre-feasibility study (“PFS”) prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) for the imminent restart of its 100% owned Madsen Mine project in the Red Lake Gold District of northwestern Ontario, Canada.

    West Red Lake Gold will hold a conference call on January 8th at 11:00am ET, followed by a question-and-answer period. To access the call, please register here: https://www.amvestcapital.com/webinar-directory/westredlakegoldmines010725. The webinar will be archived for viewing at www.westredlakegold.com

    All dollar amounts in this news release are in Canadian dollars ($) unless otherwise indicated.

    The effective date of the PFS is December 31, 2024, and a technical report relating to the PFS will be filed on SEDAR+ within 45 days of this news release.

    .

    Madsen Mine PFS Highlights:

    • Strong Value Underlines Mine Restart Rationale: Post-tax net present value (“NPV”) (5%) of $315 million at a long-term gold price of US$2,200 per oz. reinforces the rationale to restart the Madsen Mine imminently based on this initial mine plan; potential for Madsen to grow beyond this initial plan with further definition and exploration drilling strengthens the rationale
    • High Grade Mine: Diluted head grade averages 8.2 g/t gold
    • Average Annual Production: 67,600 oz. gold per year over 6 years of full production, within a 7.2-year mine life
    • Strong Free Cash Flows: $69.5 million average annual free cash flow from an operation with average total operating cost of US$919 per oz. and average all-in sustaining cost (“AISC”) of US$1681 per oz.
    • Construction and Capital Investment to Mine Startup Substantially Complete. Bulk sample currently being mined; mill startup to process bulk sample planned in March; 21 km of modern underground development (since 2019) provides good mining access and represents significant time and cost savings
    • Production Start Date: Q2 2025
    • Actual Costs: The Company has been operating underground for 16 months and the mill operated in 2022, which enabled a PFS based on realized costs for most operating metrics.
    • Significant Upside Potential: There are multiple opportunities to extend mine life and enhance the economic returns of the Madsen Mine, including 1.1 million ounces of indicated resource that remain outside of this initial mine plan, resource growth near reserves and existing infrastructure, discovering new high-grade, near mine zones that add to the mine plan such as the Upper 8 Zone, and using a higher reserve cut-off price (the PFS used US$1680 per oz.).

    .

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    .

    Shane Williams, President and CEO of West Red Lake Gold Mines said,

    “West Red Lake Gold has worked intensely over the last 16 months to greatly improve our knowledge of the orebody and de-risk the project with the objective of executing a successful restart of the Madsen Mine, and this PFS is the culmination of that effort.

     

    “This initial reserve mine plan only taps well defined and tightly drilled parts of the deposit relatively close to existing workings and still generates robust margins based on a production rate of approximately 70,000 oz. per year that generate almost $400 million in post-tax free cash flow over a 7-year mine life.

     

    “Initial capital is low because the capital projects needed for restart are well advanced or already complete. That is unusual for a ‘PFS-level’ project, as is having already completed 58,000 metres of definition drilling and detailed engineering to define 18 months of mineable inventory on a stope-by-stope level.

     

    “We are excited to deliver a PFS that solidifies Madsen as a rare high-grade gold mine starting production in 2025. We built a realistic and achievable plan for this first mining opportunity at Madsen that we are confident we can deliver and that will justify returning the mine to production.

     

    “Beyond that, we strongly believe Madsen has potential to grow well beyond this initial plan in the coming years as we source new resources and reserves near existing infrastructure while also gaining access to the deeper parts of the system, where notable upside optionality remains untapped.”

    .

    .

    To read the full news release please click HERE

    .

    The live Spot gold price can be found HERE

    .

    =======

    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 West Red Lake Gold Mines.

    .

    To read our full terms and conditions, please click HERE



    G Mining Ventures Receives Vital Permit for Oko West

    G Mining Ventures (TSX: GMIN)

    Announced that it has received an interim environmental permit from Guyana’s Environmental Protection Agency in response to its EIA and EIS  submissions made in November 2024 for the Corporation’s Oko West Gold Project.

     

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    G Mining

     

     

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    G Mining Ventures TSX: GMIN
    Stage Development + Exploration
    Metals Gold
    Market cap C$2.7 billion @ C$12.15
    Location  Para State, Brazil, Guyana
    Website www.gminingventures.com

     

     

    .

     

     

     

    .

    G Mining Ventures Receives Vital Permit for Oko West

     

    .

    BROSSARD, QC, Jan. 7, 2025 /CNW/ – G Mining Ventures Corp. (“GMIN” or the “Corporation“) (TSX: GMIN) (OTCQX: GMINF) is pleased to announce that it has received an interim environmental permit (the “Interim Environmental Permit” or “IEP“) from Guyana’s Environmental Protection Agency (“EPA“) in response to its Environmental Impact Assessment (“EIA“) and Environmental Impact Statement (“EIS“) submissions (jointly, “ESIA“) made in November 2024 for the Corporation’s Oko West Gold Project (“Oko West” or the “Project“).

     

    The IEP is valid for one year and, together with the “No Objection” letter received from the Guyana Forestry Commission, GMIN has fulfilled the requirements to initiate early works construction activities.

    .

    GMIN intends to advance the following early works activities in H1-2025:  

    • Barge Landing facility
    • Main access road and internal roads
    • Airstrip
    • Permanent camp facility
    • Water and sewage treatment plants
    • Power generation and communication tower

    .

    .

    Louis-Pierre Gignac, President & CEO commented,

    “The approval of the Interim Environmental Permit represents an important step in reaching a construction decision for the Oko West Project.

     

    “The receipt of this permit supports a collaborative engagement between  Guyana’s EPA, Forestry Commission and nearby communities in Region 7 ensuring alignment with GMIN’s mine development activities in country. 

     

    “We are excited to have the opportunity to commence early works activities ahead of schedule and to grow the local team in preparation for the main construction phase.” 

    .

    .

    The public can access the Oko EIA and EIS submissions in the National Library, University Library, the Regional Democratic Council Region 7 office and on GMIN’s website (Oko West Gold Project page).  

    Following a 60-day comment period, EPA review of the submission, disclosure meetings and publication of the final ESIA report, the EPA will reach a decision with respect to the granting of the final environmental permit for Oko West.

    .

    Looking ahead, additional development catalysts at Oko West include:

    • Commencement of early works (Q1-2025)
    • Feasibility Study publication (Q2-2025)
    • Full permit (Q2-2025)
    • Formal construction decision (H2-2025)
    • Continuation of detailed engineering (2025)
    • Greenfield and brownfield exploration (2025)

    .

    To read the full news release, please click HERE

    .

    .

    The live gold price can be found HERE

    .

    =======

    .

    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 G Mining Ventures.

    .

    To read our full terms and conditions, please click HERE



    G2 Goldfields Announces Filing of Reports for Proposed Spin-Out

    G2 Goldfields  (TSX:GTWO)

    Announced that it has filed the management information circular and related meeting materials  for the AGM and SGM of G2 shareholders to be held on January 28, 2025

    The purpose of the Meeting is, among other things, to consider and, if deemed advisable, pass a special resolution approving the previously announced proposed spin-out of G2’s interest in certain non-core assets into a wholly owned subsidiary of G2, G3 Goldfields Inc.

     

     

     

    G2 Goldfields

     

     

     

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    ,

     

    G2 Goldfields Announces Filing of Management Information Circular and Technical Report for Proposed Spin-Out of Non-Core Assets

     

    ‘.

    TORONTO, Jan. 06, 2025 (GLOBE NEWSWIRE) — G2 Goldfields Inc. (“G2” or the “Company”) (TSX:GTWO) is pleased to announce that it has filed the management information circular and related meeting materials (collectively, the “Meeting Materials”) for the annual general and special meeting of G2 shareholders to be held on January 28, 2025 (the “Meeting”).

    The purpose of the Meeting is, among other things, to consider and, if deemed advisable, pass a special resolution (the “Arrangement Resolution”) approving the previously announced proposed spin-out of G2’s interest in certain non-core assets (the “Non-Core Assets”) into a wholly owned subsidiary of G2, G3 Goldfields Inc. (“G3”), through a plan of arrangement under the Canada Business Corporations Act (the “Spin-Out”).

    Further to the Company’s press releases dated November 29, 2024 and December 12, 2024, the Spin-Out is expected to be effective in February, 2025.

    The board of directors of the Company (the “Board”) has determined that the Spin-Out is fair and in the best interests of the Company and the Company’s shareholders and recommends that the Company’s shareholders vote in favour of the Arrangement Resolution.

    G2 believes that its current share price does not fully recognize the value of the Non-Core Assets, and that by completing the Spin-Out, shareholders will benefit from unlocking the value of the Non-Core Assets.

    Additionally, the Spin-Out will allow the Company to concentrate its efforts on its OKO project in Guyana, while providing G3 with sufficient working capital to advance the exploration and development of the Non-Core Assets.

    .

    ——-

    The live Spot gold price can be found HERE

    .

    =======

    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 intending investing in G2 Goldfields 

    .

    To read our full terms and conditions, please click HERE



    Gold Road Announces Record Production in December

    Gold Road Resources (ASX: GOR)

    Announced record Gruyere preliminary production results of 91,631 ounces of gold (100% basis) produced during the December 2024 quarter.

    Gruyere 2024 Annual Production totalled approximately 287,270 ounces (143,635 ounces attributable), slightly below annual guidance of 290,000 – 305,000 ounces.

     

     

    .

    Gold Road Resources

    Gold Road Resources  – Gruyere Gold Mine at night

     

     

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    Gold Road ASX : GOR
    Stage Production   (50% JV)
    Metals Gold
    Market cap A$2.14 Billion   @ A$1.97
    Location Laverton, Western Australia
    Website www.goldroad.com.au

     

     

    .

    Gold Road Resources RECORD QUARTERLY PRODUCTION AT GRUYERE

     

    .

     

    Gold Road Resources Limited (ASX: GOR) (Gold Road or the Company) presents Gruyere’s preliminary production update for the December 2024 quarter.

    The Gruyere JV is a 50:50 joint venture with Gruyere Mining Company Pty Ltd, a member of the Gold Fields Ltd group (Gold Fields), which manages and operates the Gruyere gold mine (Gruyere).

    Further details will be available in Gold Road’s full December 2024 quarterly report scheduled for release later this month.

     

    Record Quarter

    § Gruyere preliminary production result is a record 91,631 ounces of gold (100% basis) produced during the December 2024 quarter (September quarter: 68,781 ounces).

    § Gruyere 2024 Annual Production totalled approximately 287,270 ounces 1 (143,635 ounces attributable), slightly below annual guidance of 290,000 – 305,000 ounces.

    § Annual and quarterly attributable AISC will be provided with the fully reconciled production numbers in the quarterly report later this month.

    § Gruyere ore tonnes processed totalled 2.4 Mt at a head grade of 1.28 g/t Au and a gold recovery of 92.2% for the quarter2.

    § The December 2024 quarterly result and production exit rate for 2024 positions Gruyere for strong production performance in 2025.


     

     

    Financial and Corporate

    • Gold Road’s gold sales totalled 47,745 ounces at an average sales price of A$4,093 per ounce. Gold doré and bullion on hand on 31 December 2024 was approximately 1,782 ounces. Gold Road continues to be unhedged and 100% exposed to the spot gold price.

     

    • Cash and equivalents3increased substantially to approximately $173.9 million (September quarter: $109.2 million) with no debt drawn, following a $4.6 million investment in ASX listed securities during the quarter4.
    • At 31 December 2024, Gold Road held listed investments with a market value of approximately $740.6 million.

    .

    To read the full news release please click HERE

    .

    .

    The live gold price can be found HERE

    .

    =======

    .

    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 Gold Road Resources

    .

    To read our full terms and conditions, please click HERE



    Mining Review 5th January 2025

    Mining Review 5th January 2025

    Perpetua Resources received the final permit required for their Stribnite gold and antimony mine in the USA.

    American Creek announced an amendment to the Plan of Arrangement for the acquisition of the company.

     

     

    .

    Happy New Year

     

     

    .

    City Investors Circle Mining Review 5th January 2025

    A week bereft of meaningful news, as it usual in between Xmas and New Year.

    Perpetua Resources received the final permit required for their Stribnite gold and antimony mine in the USA.

    American Creek announced an amendment to the Plan of Arrangement for the acquisition of the company.

    I always doubted whether the plan to acquire the company via the issue of a crypto token would work, and perhaps this is the first sign it hasn’t?

    Interestingly the announcement includes dropping the penalty for competing bids, a further suggestion that either someone else is interested or the token issue is not going too well I wonder?

    Sprott is backing the crypto token so it may happen, but I have serious doubts. It almost looks to me as if they are hoping a competing bid will come in to save face all around.

    I am considering selling my holding now.

     

    Watchlist news snippets from last week are below, click on the link to be taken to the full story.

      Perpetua Resources Received the Final Permit for Stribnite

      American Creek Resources Announced Amendment to Plan of Arrangement

      Market Review for December 2024 published

      Happy New Year

      Capricorn Metals Announced CEO Retirement and Succession

      Gold Road Enters a Farm-in Deal With Iceni Gold

      Mining Review 29th December 2024

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    ..

    .

    Market Data

    Weekly Price Changes

    (US$ unless stated)

    .

    Metal Prices Price Weekly % change
    Gold price in UK £ 2128 -0.71%
    Gold 2642 -0.94%
    Silver 28.6 -3.37%
    Palladium 23.5 -4.48%
    Platinum 948.3 0.56%
    Rhodium 4475 0.00%
    Copper 3.94 -2.68%
    Nickel 6.81 -6.34%
    Zinc 1.33 -3.60%
    Tin 12.8 -4.48%
    Cobalt 10.91 0.00%
    Manganese 3 0.00%
    Lithium 9842 -1.16%
    Uranium 74.4 -3.66%
    Iron Ore 103.6 -1.05%
    Coking Coal 204 -0.24%
    Thermal coal 126.5 -3.90%
     
     
    Metal ETFs Price Weekly % change
    GLD 243.83 -0.90%
    GDX 35.03 -5.24%
    GDXJ 44.29 -5.62%
    Sil 32.75 -8.24%
    SILJ 10.33 -6.92%
    GOEX  (PCX) 30.45 -5.75%
    URA 28.48 -4.83%
    COPX  38.94 -4.96%
    HUI  284.87 -5.97%
    Gold / Silver ratio 92.38 -1.93%

    .

    #

    .

    .=======

    .

    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.

    .

    .D

    To read our full terms and conditions, please click HERE

     



    Perpetua Receives the Final Permit for Stribnite

    Perpetua Resources (TSX: TO)
    The Biden administration on Friday issued the final mining permit for Stibnite Idaho antimony and gold project, a move aimed at spurring U.S. production of a critical mineral at the center of a widening trade war between Washington and Beijing.

     

     

    .

    Perpetua Resources

     

     

    .

     

     

    .

    Perpetua Receives the Final Permit for Stribnite

     

     

     

    Jan 3 (Reuters) – Perpetua Resources’ (TSX: TO) received the final mining permit for the Stibnite Idaho antimony and gold project, a move aimed at spurring U.S. production of a critical mineral at the center of a widening trade war between Washington and Beijing.
    .

    Highlights

    • Permit aims to boost U.S. antimony production amid trade tensions with China
    • Perpetua’s mine to meet over 35% of U.S. antimony needs by 2028
    • Nez Perce tribe consulted, concerns about salmon population remain
    ,#
    Permitting for the mine, backed by billionaire investor John Paulson, comes after Beijing last month blocked exports to the U.S. of antimony, a metal used to make weapons, solar panels, flame retardants and other goods for which there are no current American sources.
    The U.S. Forest Service released the final record of decision for Perpetua’s Stibnite project – essentially the mine’s permit – after an eight-year review process, according to documents published on the agency’s website.
    Perpetua’s mine will supply more than 35% of America’s annual antimony needs once it opens by 2028 and produce 450,000 ounces of gold each year.
    .

    To read the full news report, please click HERE

    .

    Live Spot metal prices can be found HERE

    .

    =======

    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 Perpetua Resources

    .

    To read our full terms and conditions, please click HERE



    Market Review for December 2024 published

    City Investors Circle Market Review

    Market Review for December 2024 has been published.

    The highlighted company is Awale Resources.

    Ora Banda Mining was the biggest riser of the year at 207%.

     

     

    .

    Ora Banda

    Ora Banda minesite camp, Western Australia

     

     

    City Investors Circle Market Review December 2024

     

     

    .

    Market Review for December 2024 has been published.

    The highlighted company is Awale Resources.

    Ora Banda Mining was the biggest riser of the year at 207%.

     

    We review the top tier watchlist of producing gold miners and an average gain of 70% over 2024, whilst the gold price rose 27%.

    We maintain our stance on producing gold miners as being the place to invest in 2025 given the high gold price driving additional revenue to the bottom line.

    To subscribe to our free newsletter and free to attend company presentations, please email andrew@city-investors-circle.com

    To view the December 2024 newsletter please click HERE

    .

    Live metal prices can be found HERE

    .

    =======

    .

    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.

    .

    .

    To read our full terms and conditions, please click HERE



    Capricorn Metals Announces CEO Retirement and Succession

    Capricorn Metals (ASX: CMM)

    Advised that Chief Executive Officer (CEO) Kim Massey will retire at the end of January 2025. Kim has overseen the transition of Capricorn from an advanced exploration company to a low-cost gold producer with multiple growth projects.

    Current Chief Operating Officer (COO) Paul Criddle has been appointed CEO, reporting to Executive Chairman Mark Clark, effective 3 February 2025.

     

     

    .

    Capricorn Metals

    Capricorn Metals projects location map

     

     

    .

     

     

    .

    Capricorn Metals ASX:CMM
    Stage Production, development, exploration
    Metals Gold
    Market cap A$2.88 Billion  @A$6.93
    Location Western Australia
    Website www.capmetals.com.au

     

     

    Capricorn Metals Announces CEO Retirement and Succession

     

    Capricorn Metals Limited (ASX: CMM) (Capricorn or the Company) advises that Chief Executive Officer (CEO) Kim Massey will retire from the role at the end of January 2025.

    In his five years as CEO Kim has overseen the transition of Capricorn from an advanced exploration company to a low-cost gold producer with multiple growth projects.

    Beyond his retirement, Kim will remain a part time consultant to the company ensuring the retention of his knowledge and expertise.

    In the last six months Capricorn has undertaken a programme of recruitment of high-quality senior executives to bolster management depth as the company embarks on delivering its significant growth ambitions in the coming years.

    This proactive approach to right sizing management for the future means that Capricorn is well placed for an orderly transition on Kim’s retirement. 

    The Capricorn board is pleased to advise that current Chief Operating Officer (COO) Paul Criddle has been appointed CEO, reporting to Executive Chairman Mark Clark, effective 3 February 2025.

    .

    Paul is a metallurgist with extensive experience in developing and operating gold mines in both Australia and Africa.

    Since joining Capricorn in May 2024 Paul has overseen or been actively involved in:
    • continued strong operational performance at the Karlawinda Gold Project (KGP);
    • delivery of an increase in KGP gold ore reserves to 1.43 million ounces;
    • delivery of a board approved expansion study to deliver growth in production at KGP to 150,000 ounces per annum;
    • leading role on Mt Gibson Gold Project (MGGP) permitting, culminating in the recent
    submission of Capricorn’s Public Environmental Report (PER) to the Department of Climate Change, Energy, the Environment and Water (DCCEEW) under the Environment Protection and Biodiversity Conservation Act 1999 in accordance with guidelines for the PER developed by DCCEEW and issued to Capricorn in July 2024;
    • completion of successful $200 million capital raising to underpin growth;
    • delivery of an increase in MGGP gold ore reserves to 2.6 million ounces; and
    • significant shareholder, investor and equity market engagement.

    Prior to joining Capricorn, Paul most recently held the roles of Chief Development Officer and COO at TSX listed Roxgold Inc from 2013 until its CAD$1.1 billion takeover by Fortuna Silver Mines Inc in 2021. 

    .

    To read the full news release please click HERE

    .

    The live Spot gold price can be found HERE

    .

    =======

    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 Capricorn Metals

    .

    To read our full terms and conditions, please click HERE

    .



    Gold Road Enters a Farm-in Deal With Iceni Gold

    Gold Road Resources (ASX: GOR)

    Advised of a binding Farm-in Agreement and share placement transaction with Iceni Gold Limited (ASX: ICL) over tenements around and containing the Guyer Gold Trend, within the 14 Mile Well Gold Project located between Leonora and Laverton in Western Australia.

     

     

     

    .

    Gold Road

     

    Gold Road 14 Mile Well

     

    .

     

     

    .

    Gold Road ASX : GOR
    Stage Production   (50% JV)
    Metals Gold
    Market cap A$2.14 Billion   @ A$1.97
    Location Laverton, Western Australia
    Website www.goldroad.com.au

     

    Iceni Enters Farm-in Deal with Gold Road for a Value up to A$44 million

     

    Iceni Gold Limited (ASX: ICL) (Iceni or the Company) is pleased to advise of a binding Farm-in Agreement and share placement transaction with Gold Road Resources Limited (ASX: GOR) over tenements around and containing the Company’s Guyer Gold Trend, within the 14 Mile Well Gold Project (14MWGP or Project) located between Leonora and Laverton in Western Australia.

     

    .
    Highlights

    • A$35 million exploration farm-in agreement signed with GOR over 154km2 of Iceni’s 100%-owned tenements containing the Guyer Gold Trend within the 14 Mile Well Project in Western Australia, key terms of which include:
    ➢ Initial A$5 million minimum exploration expenditure, to be managed by Iceni, with the opportunity for GOR to take management upon reaching a key success milestone.
    ➢ A further A$10 million exploration expenditure within 2 years from meeting the minimum A$5 million exploration expenditure to earn a 50% Joint Venture interest (50 / 50 JV).
    ➢ Upon Joint Venture formation GOR, can earn an additional 20% to take its Joint Venture interest to 70% by free carrying Iceni to the completion of a Pre-Feasibility Study (PFS) (70 /30 JV).
    ➢ At the completion of the PFS, GOR can acquire an additional 10% Joint Venture interest (totaling 80%) by paying $20 million to Iceni (80/20 JV).
    • In addition to the Farm-in, GOR is to acquire a 9.9% interest in Iceni by subscribing for A$3.05 million in shares at a price of 10 cents per share, representing a 59% premium to the 5-day VWAP prior to execution of the Farm-in Agreement.
    • GOR to be issued 19,218,819 options exercisable at $0.15 on or before 31 December 2025.
    • GOR to be issued 13,847,016 options exercisable at $0.20 on or before 31 December 2026.
    • Should GOR exercise all options, and inclusive of the placement, Iceni will receive a total of $8.7m in cash.
    • Exploration activity on the GOR farm-in tenements is expected to commence in January 2025 under Iceni management.
    • Iceni retains 100% ownership of the remainder of the highly prospective 14 Mile Well Gold Project, where exploration can now be accelerated on other high priority targets within the portfolio.
    • Following completion of the GOR share placement Iceni will have in excess of $3.8 million cash at bank and will be well-funded to continue exploration and development activities on its remaining highly prospective 100%-owned ground.

    .

    To read the full news release please click HERE

    .

    .

    The live gold price can be found HERE

    .

    =======

    .

    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 Gold Road Resources

    .

    To read our full terms and conditions, please click HERE



    G2 Goldfields – Initiating Coverage

    G2 Goldfields (TSX: GTWO)

    After meeting management twice during 2024, we are initiating coverage of GTWO.

    The company has some highly prospective gold licences in a prolific gold belt in Guyana, a tier 1 mining jurisdiction.

     

     

    .

     

    G2 Goldfields

     

     

    ,

     

     

    .

    G2 Goldfields TSX: GTWO
    Stage Development + Exploration
    Metals Gold
    Market cap C$518m @ C$2.17
    Location Guyana
    Website https://g2goldfields.com

     

    .

    G2 Goldfields Stock Profile
    Shares Ourstanding 239,238,615
    Fully diluted 255,396,115
    Fully diluted insider holding 56,386,202
    Cash CAD$44 million
    (As at the 1st December 2024)

     

    .

    City Investors Circle – Initiating Coverage of G2 Goldfields.

     

    My current preferred criteria for investing in a gold mining company are,

    1. A quality management team that have delivered shareholder value before
    2. Tier 1 jurisdiction
    3. At least 1 million ounces of gold resources
    4. Plenty of exploration upside
    5. Well funded
    6. Generating good ongoing newsflow.

    .

    G2 Goldfields ticks all those boxes for me.

    One might argue that Guyana isn’t a tier 1 jurisdiction due to the occasional invasion threats from neighbour Venezuela, but the country has a degree of military protection from the UK and USA, and an actual invasion seems unlikely currently.

    /

     

    Why do I like G2 Goldfields?

    I have met with management twice this year, most recently in Zurich at the SMI conference. I was impressed with their presentation and I felt they are competent and honest, very important traits.

    I should declare I am a shareholder of G Mining Venures, who recently purchased the Oko West property.  This abuts G2’s property, where Gmin’s Block4 meets G2’s Ghanie and OMZ Zones.

    After this transaction I focused on the area and immediately liked the look of G2’s assets.

    They not only have over 2 million ounces of gold in resources, they are well financed, and have multiple highly prosepective high-grade gold targets along a 17km trend.

    In all honesty I expect G2 to be acquired in short order, with Anglogold Ashanti, a 15% shareholder, and G Mining Ventures, with projects next door, looking like the likely bidders.

     

    ——-

    .

    Management

    The G2 Goldfields management team is comprised of professionals who have been involved in the discovery of more than 7 million ounces of gold in Guyana and the financing and development of Guyana’s largest gold mine, the Aurora. 

    .

    ——-

     

    Major shareholders.

    • Management 20%
    • Anglogold Ashanti 15%
    • Other institutions hold around 10%
    • Retail hold around 55%

    .

    I always like to see management hold a significant stake in a company, and Anglogold’s 15% holding speaks for itself.

    .

    ——-

     

    Resources

    Oko Main Zone

    495,000 Oz gold Inferred

    686,000 Oz gold Indicated

    Ghanie Zone

    604,000 Oz gold Inferred

    236,000 Oz gold Indicated.

    • A new Mineral Resource Estimate is due in Q1 2025.

     

    ——-

     

    Near Term Cataylsts

    Updated MRE – Q1 2025

    Strategic Drilling – Connecting the high-grade OMZ with Ghanie, “drilling the gap”

    Defining the Ghanie and NW Oko trends, follow up drilling

    New drill targets along trend

    Splitting out non-core assets in a newco, G3 (Record date 17th December 2024)

    .

    ——-

    .

    That’s it in a nutshell. I like the company a lot, and feel with their excellent financial position they will generate lots of exciting newsflow in 2025.

    They are spinning out non-core assets into a newco G3, focusing on their core assets, and giving those spun out assets a value they do not have inside the current company.

    I wonder if this is being done in preperation for G2 being acquired?  It wouldn’t surprise me.

    .

    ——-

    The live Spot gold price can be found HERE

    .

    =======

     

    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 intending investing in G2 Goldfields 

    .

    To read our full terms and conditions, please click HERE

    .



    Ora Banda Wins The Mining.com.au Masters of Mining Emerging Explorer Award.

    Ora banda Mining (ASX: OBD)

    The company is the winner of the inaugural Mining.com.au Masters of Mining Emerging Explorer Award.

    The award recognises an exploration company the market is beginning to notice due to a series of successes and positive outcomes, or whose market value has increased significantly over the course of the year, outperforming their peers.

     

     

    .

    Ora Banda

    Ora Banda minesite, Western Australia

     

     

    .

     

     

    .

    Ora Banda ASX: OBM
    Stage Production + development
    Metals Gold
    Market cap A$1.3 Billion @ 70c
    Location Western Australia
    Website www.orabandamining.com.au

     

     

    .

    Ora Banda Wins The Mining.com.au Masters of Mining Emerging Explorer Award

     

    .

    Ora banda Mining (ASX: OBD)

    The company is the winner of the inaugural Mining.com.au Masters of Mining Emerging Explorer Award.

    The award recognises an exploration company the market is beginning to notice due to a series of successes and positive outcomes, or whose market value has increased significantly over the course of the year, outperforming their peers.

     

    The full article regarding the award and the thesis for it can be read HERE

     

    .

    To read the full news release, please click HERE

    .

    .

    The live gold price can be found HERE

    .

    =======

    .

    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 Ora Banda MIning.

    .

    To read our full terms and conditions, please click HERE



    Mining Review 22nd December 2024

    Mining Review 22nd December 2024

    A busy week for news as the festive season approaches.

    Westgold Announced an increase to production at Meekathara, and Ora banda Mining interescted first gold at Sand King.

     

     

    .

    Ora Banda Mining

    Ora Banda Mining Riverina portal

     

     

    City Investors Circle Mining Review 22nd December 2024

    .

    .

    A busy week for news as the festive season approaches.

    Westgold Announced an increase to production at Meekathara, and Ora banda Mining intersected first gold at Sand King.

    All the news from our watchlist companies in the last week is below, click the lonks to be taken to the full story.

       Perpetua Resources Announced Continued Cooperation with U.S. Antimony

      Ora Banda Mining Intersected First Ore at Sand King

      Galiano Gold Announced a Buyout Of Offtake Agreement

      Westgold Announced Crown Prince Ore to Increase Production at Meekatharra

      PacGold Finds An extensive Geochemical Anomaly at Alice River

      Capricorn Metals Reserves Grow to 4 Million Ounces of Gold

      West Red Lake Gold Envisions a High-Grade Underground Satellite at the Fork Deposit

      Mining Review 15th December 2024

     

    .

    ——-

    ..

    .

    Market Data

    Weekly Price Changes

    (US$ unless stated)

    .

    Metal Prices Price Weekly % change
    Gold price in UK £ 2090 -0.71%
    Gold 2624 -0.94%
    Silver 29.55 -3.37%
    Palladium 917 -4.48%
    Platinum 930.2 0.56%
    Rhodium 4575 0.00%
    Copper 3.99 -2.68%
    Nickel 6.79 -6.34%
    Zinc 1.34 -3.60%
    Tin 12.79 -4.48%
    Cobalt 10.91 0.00%
    Manganese 2.9 0.00%
    Lithium 9933 -1.16%
    Uranium 73.8 -3.66%
    Iron Ore 103.9 -1.05%
    Coking Coal 204 -0.24%
    Thermal coal 128.3 -3.90%

    .

    #

    .

    .=======

    .

    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.

    .

    .D

    To read our full terms and conditions, please click HERE



    Ora Banda Mining Intersect First Ore at Sand King

    Ora Banda Mining (ASX: OBM)

    Provided an update on its Sand King Underground mine which forms part of the Davyhurst Gold Project. 

    Sand King has achieved its first major milestone, intersecting multiple ore lodes in the first crosscut on the 315 Level. The mine remains on track to deliver first stoping ore in the March-25 Quarter.

     

     

    .

    Ora Banda Mining

    Ora Banda Mining – Sand King Decline

     

     

    .

     

     

    .

    Ora Banda ASX: OBM
    Stage Production + development
    Metals Gold
    Market cap A$1.3 Billion @ 70c
    Location Western Australia
    Website www.orabandamining.com.au

     

     

    …

    Ora Banda Announce First Ore Interesected at Sand King

     

     

    Highlights

    • Sand King Underground mine development tracking to plan with first ore intersected just four months after portal establishment
    • Initial grade control drilling confirms multiple mineralised lodes per level, including highgrade lodes in addition to bulk tonnage opportunities
    • Surface Diamond Drilling extends and enhances 090 lodes in northern Sand King

     

    .
    Ora Banda Mining Limited (ASX: OBM) (“Ora Banda”, “Company”) is pleased to provide an update on its Sand King Underground mine which forms part of the Davyhurst Gold Project and together with the Riverina Underground are the centrepiece of the Company’s DRIVE TO 150 Project with an annual production outlook of 140,000oz to 160,000oz in FY26.

    Sand King has achieved its first major milestone, intersecting multiple ore lodes in the first crosscut on the 315 Level. This is in line with internal planning and the mine remains on track to deliver first stoping ore in the March-25 Quarter.

    Steady state production of ~60kozpa is expected to commence in the June-25 Quarter.

     

    ——-

     

    Since the establishment of the Sand King portal in late August this year, mine development has advanced on schedule and in good ground conditions with 427 decline metres and a total of 835 development metres achieved to date.

    Underground diamond drilling for grade control is also underway at the mine with the rig completing 5,477 metres to date of the planned 45,400 metre program.

    This initial program has confirmed multiple discrete high grade lodes and additional bulk tonnage opportunities at Sand King.

    .

    Significant grade control results to date include:

    o 6.0m @ 9.5 g/t Inc. 3.5m @ 13.7 g/t o 1.3m @ 17.6 g/t Inc. 1.0m @ 21.9 g/t
    o 2

    ——-

     

    The Company also recently conducted a small surface exploration drilling program at Sand King North. This 6-hole program targeted high-grade East-West ore structures and successfully infilled and extended the known lodes along strike.

     

    Intercepts included:

    o 8.0m @ 5.4 g/t Inc. 2.7m @ 13.6 g/t o 2.4m @ 11.5 g/t Inc. 0.4m @ 48.0 g/t
    o 1.0m @ 31.3 g/t Inc. 0.5m @ 61.0 g/t o 2.2m @ 10.9 g/t Inc. 1.9m @ 11.9 g/t
    o 13.6m @ 2.3 g/t Inc. 0.4m @ 13.4 g/t o 8.3m @ 2.9 g/t Inc. 0.5m @ 10.7 g/t

     

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    Ora Banda’s Managing Director, Luke Creagh commented on the progress at Sand King

    “Reaching first ore at the Sand King Underground mine is exciting, especially considering that this milestone has been achieved less than 4 months after establishing the portal, and 14 months after the first drill hole targeting underground was completed.

    “The grade control and surface drilling has confirmed, enhanced and extended known mineralisation and we consider this to be at the early stages of unlocking the full potential of the Sand King mineralised system.

    “As the ounce production from Sand King increases month-on-month, we are set up for a strong second half of the financial year. The combination of Riverina and Sand King high-grade ore delivers a step change to our production profile and cashflows, with a production outlook of 140,000oz to 160,000oz in FY26.”

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    To read the full news release, please click HERE

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    The live gold price can be found HERE

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