Mining Review 27th April 2025

Capricorn Metals dominated the news this week, first by announing the CEO has stood down whilst he contests a case of assault, and then the company announced a new land acquisition near Mt. Gibson.

Gold trod water, as did most metals as Trump started to backtrack on his tariffs.

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Bullabing Gold Project – Courtesy of Minerals 360

City Investors Circle Mining Review 27th April 2025

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Mining Review 27th April 2025

Capricorn Metals dominated the news this week, first by announing the CEO has stood down whilst he contests a case of assault, and then the company announced a new land acquisition near Mt. Gibson.

The stock was punished severely for the CEO assault announcement, despite him saying he is going to contest the case. This was a great shame as the sock had built up wuite a bot of momentum, and this surprise announcement has stopped the rise for now.

We iniated coverage of Minerals 260 in our tier 2 watchlist.

BPM Minerals published a disappointing drill result near Capricorn’s Mt. Gibson project, and is now searching for new targets in the area.

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Other news items from companies on all our watchlists are below

Stifel Nicholas sets a target of C$19 for Orla Mining

Capricorn Metals (ASX: CMM)

Advised that it has entered into a binding agreement with Sabre Resources Ltd to acquire the prospective Ninghan Gold Project tenement package.

The Ninghan Gold Project covers approximately 77 square kilometres of tenure located contiguous to the north of Capricorn’s Mt Gibson Gold Project.

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Capricorn Metals projects location map

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CAPRICORN ACQUIRES THE NINGHAN GOLD PROJECT, EXPANDS MT GIBSON PROJECT TENURE

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Capricorn Metals Ltd (ASX: CMM) (“Capricorn” or “the Company”) is pleased to advise that it has entered into a binding agreement with Sabre Resources Ltd (“Sabre”) to acquire the prospective Ninghan Gold Project tenement package (“Ninghan Gold Project”).

The Ninghan Gold Project covers approximately 77 square kilometres of tenure located contiguous to the north of Capricorn’s Mt Gibson Gold Project (“MGGP”) tenure in the Murchison region of Western Australia.

The Ninghan Gold Project is considered highly prospective for gold mineralisation, featuring multiple settings conducive to hosting economic gold deposits. Capricorn has already identified seven target zones for exploration within the project tenure, with the highest priority targets located only 20 kilometres NNE of current MGGP resources and in close proximity to the Great Northern Highway.

The transaction consideration is $1.6 million, of which Capricorn has paid an initial cash deposit of $100,000 with the balance of the consideration to be paid by the issue of Capricorn shares.

Further consideration includes the grant of a 1% net smelter return (NSR) royalty on the sale of any minerals on all tenements except for E59/2402 where a 1.5% NSR applies1.

The share issue consideration will be valued at the 20-day VWAP prior to completion occurring.

Completion of the acquisition is expected in May 2025 being subject only to procedural diligence and conditions precedent.
In addition, the Company has agreed to make contingent deferred payments as follows:
• $250,000 in cash or shares (CMM election) upon commencement of a maiden drill
program or 12 months after the Completion Date, whichever is sooner;
• $750,000 in cash upon the announcement by Capricorn of a JORC compliant Mineral
Resource Estimate in excess of 50,000 ounces of gold on the Ninghan Gold Project;
and
• $750,000 in cash upon the announcement by Capricorn of a board decision to
commence a commercial mining operation on the Ninghan Gold Project.

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To read the full news release please click HERE

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The live Spot gold price can be found HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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Disclosure

At the time of writing the author holds shares in Capricorn Metals

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To read our full terms and conditions, please click HERE

Calibre Mining (TSX: CXB)

Calibre shareholders can cheer the news that Equinox Gold is now offering them a 10% premium, after opposition ot a non-premium offer for their shares.

Van Eck opposed the original deal, will this improved offer appease them?

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Comment

I opposed the non-premium aspect of the original offer from Equinox Gold to buy out Calibre Mining, on the basis that they were getting more out of the deal than Calibre shareholders. I have voted against the deal, and still maintain that  stance despite this improved offer.

Van Eck opposed the deal, and perhaps as a result of that, Equinox Gold have now capitulated and offered a 10% premium to Calibre shareholders.

Given Equinox’ large debt, I maintain my opposition to the deal and will not change my vote for a 10% premium.

It remains to be seen if Van Eck support this improved offer.  I personally hope they still oppose it, as I would prefer Calibre to stay independent, rather than succumb to an offer with such a low premium from a company with such a large debt of over C$1 billion dollars.

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Equinox Capitulates and Offers Calibre Holders a Premium

Vancouver, British Columbia–(Newsfile Corp. – April 23, 2025) – Equinox Gold Corp. (TSX: EQX) (NYSE American: EQX) (“Equinox Gold”) and Calibre Mining Corp. (TSX: CXB) (OTCQX: CXBMF) (“Calibre” and collectively the “Companies”) announce that the Companies have amended the arrangement agreement (the “Amended Arrangement Agreement”) pursuant to the proposed business combination previously announced on February 23, 2025 (the “Transaction”).

Under the terms of the Amended Arrangement Agreement, Calibre shareholders will receive 0.35 Equinox Gold common shares for each Calibre Share held (the “New Exchange Ratio”) immediately prior to the effective time of the Transaction. Upon completion of the Transaction, existing Equinox Gold shareholders and former Calibre shareholders will own approximately 61% and 39% of the outstanding common shares of the combined company, respectively, on a fully diluted basis. The New Exchange Ratio represents a 10% premium to the closing price of Calibre shares on the Toronto Stock Exchange on February 21, 2025, the last trading day before the Transaction was announced.

To allow Equinox Gold shareholders and Calibre securityholders time to consider and vote on the Amended Arrangement Agreement, both Equinox Gold and Calibre are adjourning their respective shareholder meetings that were scheduled for April 24, 2025. The Equinox Gold meeting will now be held on May 1, 2025 at 1:30 pm (Vancouver time) and the Calibre meeting will now be held on May 1, 2025 at 10:00 am (Vancouver time). Details regarding how to attend the meetings in person or attend via webcast are included later in the news release.

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Greg Smith, President & CEO of Equinox Gold, commented:

“We believe this transaction is in the best interest of shareholders of both Equinox Gold and Calibre Mining.

 

“Combining these two companies will create a major gold producer with the potential to produce more than 1.2 million ounces of gold per year in the very near term, all from mining-friendly jurisdictions in the Americas and underpinned by production from two world-class Canadian gold mines.

“We also believe the offer of 0.35 Equinox Gold shares for every Calibre share is full and fair valuation that reflects both the current production and the growth potential of each company.”

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Darren Hall, President & CEO of Calibre, commented:

“With a focus on operational excellence and execution, the combination of Calibre and Equinox Gold will create more shareholder value together than either could achieve individually.

 

“The combined company will be the second largest gold producer in Canada and one of the top 15 gold producers globally. I encourage Calibre shareholders to cast your vote in favour of the transaction.”

 

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To read the full news release, please click HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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Disclosure

At the time of writing the author holds shares in Calibre Mining

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Capricorn Metals (ASX: CMM)

The board advises that it has become aware that Chief Executive Officer Paul Criddle has been charged with the offence of aggravated assault, a charge to which he has pleaded not guilty. Paul has been granted leave pending the resolution of this personal matter.

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Comment

Just when Capricorn had become the darling of the market and risen over the A$10 mark, this news comes totally out of the blue to knock it back down again!

The gold price took a dive yesterday, which would account for a few percent of the fall.

To be perfectly honest, I think the 11% fall in the share prices last night is way too harsh, as the company is still mining the same gold at the same price, and exploration prospects have not changed one iota.

Clearly this allegation does not stand the CEO in a good light, but at this stage it’s only an allegation, and everyone is innocent until proven guilty.

With the experienced MD standing in as temporary CEO I see no reason why it shouldn’t be business as usual for Capricorn.

It just goes to prove once again that you can’t take anything for granted in investing, and that’s why I always recommend a diversified portfolio.

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Capricorn CEO Paul Criddle Stands Down During Assault Investigation

The board of Capricorn Metals Limited (ASX: CMM (Capricorn) advises that it has become aware that Chief Executive Officer Paul Criddle has been charged with the offence of aggravated assault, a charge to which he has pleaded not guilty.

Paul has been granted leave pending the resolution of this personal matter. As this matter is before the court, Capricorn will not be making any further comment in relation to it at this time.

The management and executive functions of Capricorn are well covered with Executive
Chairman Mark Clark continuing in his full time leadership role together with the broader
strengthening of the executive team announced on 18 December 2024.

This announcement has been authorised for release by the Capricorn Metals board

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To read the full news release please click HERE

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The live Spot gold price can be found HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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Disclosure

At the time of writing the author holds shares in Capricorn Metals

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To read our full terms and conditions, please click HERE

Minerals 260 (ASX: MI6)

Following a review of the company we are initiating coverage of Minerals 360, an ASX listed exploration and development company advancing the Bullabing Gold Project, one of Australia’s largest undeveloped gold projects.

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Bullabing Gold Project – Courtesy of Minerals 260

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Minerals 260 – Initiating coverage

City Investors Circle in initiating coverage of Minerals 360, a gold exploration and development company based in Western Australia.

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The company’s principal project is the 2.3 m Oz Bullabing Gold Project.

MI6 is run by Tim Goyder, previously of Chalice Resources fame, and Chairman of Lionstown Resources.

Tim is backed by an experienced team who have experienced success and created shareholder value with previous companies.

Minerals 260 is financed for an 80,000+ drill program dusing 2025 that has just commenced. This is going to generate regular newsflow, which if succesful is likely to result in a high level of investor interest and a rising share price.

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A recent Minerals 260 presentations can be viewed HERE

The company website can be viewed HERE

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The live gold price can be found HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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Disclosure

At the time of writing the author holds no shares in Minerals 260

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BPM Minerals (ASX: BPM)

Announced the assay results from the recently completed 84-hole, 3,647m aircore drilling program at the Claw Gold Project in Western Australia, that was targeting extensions of known mineralisation along an 8km highly prospective corridor.

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Comment

These results are disappointing and proven that nearology doesn’t always work.

As a Capricorn Metals shareholder I held BPM in case they proved the continuation of the gold zone onto their property.

I sold my BPM shares when the company did a financing and excluded uk based shareholders. I wrote to enquire why UK investors were excluded, and they didn’t afford me the courtesy of a reply, which I consoder unporfessional.

That was a bit of serendipity because the shares have fallen since by some margin.

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BPM Minerals Exploration Update – Claw Gold Project, WA

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BPM Minerals Ltd (ASX: BPM) (‘BPM’ or ‘the Company’) is pleased to announce the assay results from the recently completed 84-hole, 3,647m aircore drilling program at the Claw Gold Project in Western Australia, that was targeting extensions of known mineralisation along an 8km highly prospective corridor.

• Phase 4 Aircore Drilling Results: Key intercepts from the recently completed program include:
• CAC251: 2m @ 0.36 g/t Au (from 42m)
• CAC239: 1m @ 0.18 g/t Au (from 45m)
• Significant High-Grade Results to Date (previously reported) at Claw1
• CAC186: 25m @ 1.27 g/t Au (from 29m), including 2m @ 11.63 g/t Au (from 29m)
• CAC223: 10m @ 1.12 g/t Au (from 50m)
• CRC010: 8m @ 0.95 g/t Au (from 94m), including 4m @ 1.64 g/t Au (from 97m)
• Strategic Location in Proven Gold Corridor: Claw Project lies immediately south of Capricorn Metals’ (ASX: CMM) 3.99Moz Mount Gibson Gold Project.

• Upcoming Catalysts: Additional 20km of strike potential to be unlocked with imminent granting of new exploration tenure, with soil sampling programs planned upon granting.
• BPM New Projects, Cash and Structure
• The company is currently reviewing new project opportunities in the precious metal space.
• The company is well funded with ~$2m cash and 87.3m shares on issue.
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Commenting on the drilling BPM CEO Oliver Judd:

“This latest round of drilling delivered some anomalous gold intercepts, but a major discovery remains ahead of us. Our focus is now securing the granting of new tenure, which will unlock more than 20km of highly prospective strike at the Claw Gold Project.

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“The strategic location of Claw, sharing a tenement boundary with Capricorn Metals’ (ASX: CMM) 3.99Moz Mount Gibson Gold Project, underscores its immense potential and scale of the opportunity.

 

“The Company holds a significant amount of underexplored strike with the potential to host an economic gold deposit, we look forward to getting started with the regional soil sampling programs with the imminent granting of new tenements.”

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To read the full news release please click HERE

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The live Spot gold price can be found HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

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 no shares in BPM MInerals

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To read our full terms and conditions, please click HERE

Calibre Mining Corp.(TSX: CXB)

Announced record Q1 operating results for the three months ended March 31, 2025, and an update on the Valentine Gold Mine, located in Newfoundland & Labrador, Canada.

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Calibre Delivers 71,539 Ounces in Q1 2025, a Record First Quarter Production; Provides Valentine Gold Mine Update

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Awalé Resources (TSX.V: ARIC)

 Announced high-grade assay results from the first nine diamond drill holes completed as part of the Company’s drill campaign at the Charger zone at the Odienné Project in the Ivory Coast.

Highlights include 26m of 12 grams per tonne gold  in OEDD-120 and 95m of 1.8 g/t Au in OEDD-118.

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Courtesy of Awalé Resources

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Awalé Resources Hits 12 g/t Gold over 26 Metres Among Multiple High-Grade Intercepts at the Charger Target, Odienné Project

Toronto, Ontario–(Newsfile Corp. – April 17, 2025) – Awalé Resources Limited (TSXV: ARIC) (“Awalé” or the “Company“) is pleased to announce high-grade assay results from the first nine diamond drill holes completed as part of the Company’s drill campaign at the Charger zone at the Odienné Project (“Odienné” or the “Project“) in Côte d’Ivoire.

Highlights include 26m of 12 grams per tonne (“g/t”) gold (“Au”) in OEDD-120 and 95m of 1.8 g/t Au in OEDD-118.

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Orla Mining (TSX: OLA; NYSE: ORLA)

Provided an operational update for the first quarter ended March 31, 2025.

Camino Rojo is on track to achieve annual guidance of 110,000 to 120,000 ounces of gold following the quarter.

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Orla Mining – Musselwhite Gold Mine – Courtesy of Orla Mining

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Orla Mining Achieves Record Quarterly Production, market cap tops CAD$5 billion

Vancouver, BC – April 14, 2025 – Orla Mining Ltd. (TSX: OLA; NYSE: ORLA) (“Orla” or the “Company”) is pleased to provide an operational update for the first quarter ended March 31, 2025.

Camino Rojo is on track to achieve annual guidance of 110,000 to 120,000 ounces of gold following the quarter.

Updated 2025 guidance, including the Musselwhite Mine, will be provided during the second quarter.

Orla Mining  (TSX: OLA; NYSE: ORLA)

Announced the start of the 2025 exploration drilling program at the Company’s recently acquired Musselwhite Mine in Northwestern Ontario.

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Capricorn Metals (ASX: CMM)

Provided a preliminary update on the quarterly production at the Karlawinda Gold Project, which delivered another strong quarter of operations, producing 30,599 ounces of gold.

This result brings year to date production to 84,860 ounces, putting Capricorn in an excellent position to achieve the mid-point of FY25 guidance of 110,000 – 120,000 ounces at a cost guidance range of $1,370 – $1,470 per ounce.

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Capricorn Metals Production on guidance and on track

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Capricorn Metals Limited (ASX: CMM) (Capricorn or the Company) is pleased to provide a preliminary update on the quarterly production at the Karlawinda Gold Project (KGP).

KGP delivered another strong quarter of operations, producing 30,599 ounces of gold.

This result brings year to date production to 84,860 ounces, putting Capricorn in an excellent position to achieve the mid-point of FY25 guidance of 110,000 – 120,000 ounces.

AISC is also expected to be within the FY25 cost guidance range of $1,370 – $1,470 per ounce.

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Gold production for the quarter was driven by a sustained emphasis on total material
movement from the Bibra open pit, allowing the budgeted pit face positions to be met for the fourth consecutive quarter. This effort has delivered the steady increase in gold production quarter on quarter, aligning with expectations for a robust second half of FY25.

Pleasingly, the efficient mining performance in the main pit enabled the expediting of pre-stripping operations ahead of schedule at the Southern Corridor extension, further mitigating risks associated with the transition to the expanded project.

Full operational and cost details will be provided in the Quarterly Report later in April 2025.

The Company’s cash and gold on hand at the end of the March 2025 quarter was
$404.6 million (Dec24: $363.1m). This represents a cash build of $57.6 million for the quarter (Dec24: $31.2m) before total capital expenditure of $16.1 million at the Mt Gibson Gold Project.

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To read the full news release please click HERE

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The live Spot gold price can be found HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

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 Capricorn Metals

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To read our full terms and conditions, please click HERE

Mining Review 13th April 2025

What a wonderful week for the gold price and producing gold miners. The price of gold soared 6.61% in US dollars, as the dollar fell due to Trump’s tariffs.

Share prices of gold miners responded spectacularly is some cases, with G Mining Ventures, Calibre Mining, and Gold Road rising to new highs, to name but three.

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Gruyere Mine, picture courtesy of Gold Road Resources

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City Investors Circle Mining Review 13th April 2025

Mining Review 13th April 2025

What a wonderful week for the gold price and producing gold miners.

The price of gold soared 6.61% in US dollars, as the dollar fell due to Trump’s tariffs, and continued to fall even after most tariffs were delayed by ninety days as the US bond market reacted in fear.

Trump is trying to remove Wall Street’s power, a battle I think he will lose as the financiers have the tools to make the economy sink very quickly if they want to, a lesson he may now be learning to his cost.

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Share prices of gold miners responded spectacularly is some cases, with G Mining Ventures, Calibre Mining, and  Gold Road Resources rising to new highs, to name but three.

The news event of the week was Wesdome Gold’s bid for Angus, two stocks that we cover.

This deal makes a lot of sense as Angus hold strategic ground close to Wesdome’s, and givesWesdome domination of the district, with the financial resources to exploit it.

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My decision to ditch my explorers and focus on producing gold miners a year ago is bearing fruit, and I am sticking with it save for a couple of introductory small purchases of a couple of explorers that I think may turn out to be profitable over the longer term.

The latest purchase was Power Metals (PNPN.V) which has sunk a bit since my initial purchase, highlighting the risk of buying at the end of a European roadshow!  I invest for the longer term so I’m not concerned about a small drop.

I have added to my 2025 ISA and already added to my holding in West Red Lake Gold Mines. I did this despite my disappointment at the recent CAD$20 million flow through placing with a full warrant, as I feel that once they commence production, this will rerate if the current record high gold price continues.

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It’s a great feeling looking at the portfolio every day when shares are rising in price, let’s hope this continues for a good while yet, we gold investors have had some lean years to make up for!

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  West Red Lake Gold Mines Reflected on their Madsen Mine Achievements

  Wesdome Announced First Quarter 2025 Production

  G Mining Ventures Filed a NI 43-101 Technical Report for the Gurupi Gold Project

  Awalé Hit 1.6 g/t Gold Eq. over 45m at the BBM Zone

  Wesdome Gold Bids For Angus

  Barton Gold Monthly Update

  Mining Review 6th April 2025

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Market Data

Weekly Price Changes

(US$ unless stated).

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non-deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Declaration

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

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Wesdome Gold Mines (TSX: WDO)

Announced its production results for the first quarter ended March 31, 2025.

The Company is also providing notice that it will release its Q1 2025 financial results after markets close on Tuesday, May 13, 2025.

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Wesdome Gold Mines – Eagle River underground mine – Courtesy of Wedsdome Gold Mines Ltd.

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Wesdome Announces First Quarter 2025 Production; Provides Timing of First Quarter Financial Results and Webcast

Awalé Resources (TSX.V: ARIC) 

Reported results from the last six diamond drill holes completed as part of the drill campaign targeting the BBM discovery at the Odienné Project in Côte d’Ivoire.

The drill program began in November 2024 and is complete with a total of 6,380m drilled.

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Courtesy of Awale Resources.

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Barton Gold (ASX: BGD)

CEO Alex Scanlon released an update following several positive events recently.

The company has been very active, the trading volume and the share price has been rising.

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Photo courtesy of Barton Gold

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Comment

I have followed the Barton Gold story for a couple of years and hold CEO Alex Scanlon in high regard.

Barton have just announced the Tolmer silver discovery, which was totally unexpected, and was probably the reason for the recent run up in volume traded and share price.

The story is becoming more compelling and I am looking to top up my existing holding as the new ISA year has just started.

The post below is the note sent to shareholders by the CEO.

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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

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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Disclosure

At the time of writing the author holds shares in Barton Gold.

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Mining Review 6th April 2025

It’s been a horrible week for investors in the markets as Trump’s “Liberation Day” tariffs turned the markets upside down.

The price of gold is down modestly, but some of my gold producers have fallen far more.

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Courtesy of Meeka Metals

City Investors Circle Mining Review 6th April 2025

It’s been a horrible week for investors in the markets as Trump’s “Liberation Day” tariffs turned the markets upside down.

The price of gold is down modestly, but some of my gold producers have fallen far more.

After a storming month in March it’s painful to have to give back some of the gains just as the producing gold miners had built up a head of steam and looked to be finally responding to the high gold price.

The only consolation is that the price of gold is still 8% above where it was a month ago, despite the recent drop.

Silver lost a whopping 13.21% last week!   This has taken the gold / silver ratio over 100, the first time since 2021 it’s been over 100.

It’s no great shock that the base metals went into meltdown either, copper down n enormous 14% in a week is still a shock though.

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Amongt the compnies we follow on our watchlists, there was generally good news despite it not being reflected in their share prices.

Meeka Metals announced a positve development uodate as well as somme high-grade drill results from ther Murchison property.

Cabral Gold continues to pump out some good drill intercepts, 3m at 15.9 gpt is nice in gram metre terms.

Cornish Metals acquired some land that wil be useful for their minesite support infrestructure. The company is very quiet on shaft refurbishment and dewatering news though.

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All the news from our tier 1 and 2 watchlists companies last week is below, click on the link to be taken to the full story.

 Cabral Gold Drilled 3m @ 15.9 g/t gold at Machichie

  Meeka Metals Murchison Development Update

  Cornish Metals Acquired More Land at South Crofty

  Horizon Metals First Ore Processing Update

  City Investors Circle Market Review March 2025

  Meeka Metals Announced 36m of 2.82 G/T Gold at Turnberry

  Mining Review 30th March 2025

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Market Data

Weekly Price Changes

(US$ unless stated)

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We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non-deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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Declaration

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

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Cabral Gold map (Courtesy of Cabral Gold)

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Cabral Gold Drills 3m @ 15.9 g/t gold and Discovers New Mineralized Zone at the Machichie Main Gold Deposit, Cuiú Cuiú Gold District, Brazil

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Meeka Metals (ASX: MEK)

Provided an update of the significant progress made during March 2025.

Major milestone achieved at the process plant with installation of the larger 750kW ball mill completed and open pit production accelerating at the Murchison Gold Project.

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Meeka Metals Murchison Development Update – March 2025

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Meeka Metals Limited (ASX: MEK) (“Meeka” or the “Company”) is pleased to provide an update of the significant progress made during March 2025.

Major milestone achieved at the process plant with installation of the larger 750kW ball mill completed and open pit production accelerating at the Murchison Gold Project (“Murchison”).
• Expansion works on the CIL gold processing plant continued to progress at
pace during March, including:
o Installation of the larger 750kW ball mill;
o Installation of the cyclone cluster on the cyclone structure; and
o Installation of the top of tank steel work on the new leach and adsorption
tanks.
• Open pit production accelerated during March, achieving ~20kBCM daily
material movement toward the end of the month. First ore is expected in April
2025.
• Commissioning of the open pit heavy vehicle workshop was completed in
March with all open pit support infrastructure now operational.
• Access to the high-grade Andy Well underground mine was established and
dewatering infrastructure installed. Installation of mine services to continue
during the June 2025 quarter with underground ore development and
diamond drilling commencing mid-2025.

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

“We achieved a major mil in addition to most of the structural work and various other key deliverables for the expanded processing plant now complete or nearing completion.

 

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“It was also pleasing to see the open pit team accelerate in line with plan during March. By months end the team were achieving a production rate equivalent to ~600kBCM per
month.

 

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“We also established access to the high-grade Andy Well underground mine during March and the ground and ground support are in good condition.

 

 

“Primary dewatering infrastructure has been installed and underground activities will ramp up over the coming months.”

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To read the full news release, please click HERE

The live Spot gold price can be found HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

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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Horizon Minerals (ASX: HRZ)

Provided an update on the development of the Phillips Find and Boorara Gold Projects.

Toll processing has occurred at both Phillip’s Find and Boorara, further percels are now being stacked.

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Photo courtesy of Horizon Minerals

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Horizon Metals banks $12.9 Million From First Ore

Horizon Minerals Limited (ASX: HRZ) (“Horizon” or “the Company”) is pleased to provide an update on the development of the Phillips Find (“Phillips Find”) and Boorara (“Boorara”) Gold Projects.

The first ore parcel from Phillips Find consisted of 37,624 dry tonnes at 1.46g/t for 1,675.3oz at an average price of $4,728/oz, generating ~$7.9M. In addition, the First ore stockpile from Boorara was 50,604 dry tonnes at 0.791g/t for 1,163 oz sold at an average gold price of $4,256/oz, generating ~$4.951M.

HIGHLIGHTS

New Toll Treatment Agreement for processing Phillips Find ore
• Completion of processing of the first 37,000t of ore from the Phillips Find JV with BML
Ventures Pty Ltd (BML) under the 200,000t Toll Milling Agreement with FMR Investments Pty Ltd (FMR) to treat Horizon ore from February to June 2025 at the Greenfields Mill 1
• First ore parcel from Phillips Find consisted of 37,624 dry tonnes at 1.46g/t for 1,675.3oz at an average price of $4,728/oz, generating ~$7.9M to the Phillips Find JV
• An additional 80,000t of ore from Phillips Find will be processed at the Greenfields Mill in both April and June in addition to approximately 80,000t of ore to be processes from Boorara to complete the Toll Processing Agreement with FMR.
• A New Toll Milling Agreement executed to treat 70,000t of ore from Phillips Find in
September/October 2025 to be processed at Focus Minerals Limited’s (Focus) Three Mile Hill processing plant
• Grade control drilling completed at Phillips Find and has resulted in a revised schedule where the final 70,000t ore mined in the current campaign is treated at Three Mile Hill
Mining, haulage and processing progressing well at Boorara
• Proceeds received from the processing of the first 50,604t of Boorara ore under the Ore Sale Agreement with Norton Gold Fields’ Paddington Mill for the processing of total of 1.24Mt of Boorara ore 2
• First ore stockpile from Boorara was 50,604 dry tonnes at 0.791g/t for 1,163 oz sold at an average gold price of $4,256/oz, generating ~$4.951M in revenue
• The second ore parcel is currently being processed at Paddington with a third parcel is in the process of being hauled. More than 100,000t of high-grade ore is currently stockpiled on the Boorara ROM pad, allowing for the additional campaigns to be processed at the Greenfields Mill in April and June
• Boorara is now operating at steady state ore production

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Commenting on the mining progress, MD and CEO Mr Grant Haywood said:

“Following on from our first gold pour for Boorara in January, we have now built up significant ore stockpiles, with mining now in steady state operation and in a position for the continuous processing of ore and cashflow generation which will continue well into 2026.

 

“We are also pleased to secure a new toll treatment agreement with Focus Minerals which aligns with the revised mining schedule at Phillips Find and allows us to increase our overall gold production from Boorara.

 

“As gold production ramps up in the June quarter we expect to commence a steady cash build from our dual mining and haulage operations.”

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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

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 Horizon Minerals.

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City Investors Circle Market Review March 2025

City Investors Circle Market Review for March 2025 focuses on the record gold price and those watchlist companies whose share price is rising fast as a result.

The highlighted company is Gold Road Resources.

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City Investors Circle Market Review March 2025 Published

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Market Review March 2025

The City Investors Circle Market Review for March 2025 focuses on the record gold price and those watchlist companies whose share price is rising fast as a result.

The Tier 1 Watchlist of ten producing gold mining companies had ten risers and no fallers in March, as the record high gold price drove up their share prices.

The average gain of all ten stocks was 20%, with Catalyst Metals leading the charge gaining 40% during the month, followed by Orla Mining, and Ora Banda Mining.

The highlighted company is Gold Road Resources.

Comments were amade about Catalyst Metals, Capricorn Metals, and West Lake Gold Mines.

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The main focus is on the price of gold and how finally the share prices of mining companies is responding to the higher profits being egnerated by the producers.

There was also a brief mention of PDAC 2025

To read the March 2025 Market Review online, please click here

To register to receive future Reviews and to receive invitations to our free to attend events, please email   Andrew@city-investors-circle.com

Live metal prices can be found HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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