Gold up and some of Our Stocks are Lively

City Investors Circle

The first few days of the new year have started well for precious metals, with gold and silver up and trading strongly.

Some of our watchlist stocks have had a good first week, with i-80 Gold, Karora Resources, Minera Alamos, and Orla Mining all rising strongly.  Continue reading

121 Mining Forum London – Day 2

121 Mining Forum London – Day 2

A much quieter day delegate wise,  so less queuing for the food, and more to go around.

I met a few companies I liked today, with Japan Gold, Rumble Resources, and Stavely Minerals impressing me the most, although there were other good stories.  Continue reading

Karora Resources Reports Strong Q3 2022 Results

Karora Resources (TSX: KRR)

Announced its financial results and review of activities for the three and nine months ended September 30, 2022.

Q3 2022 consolidated gold production was a record 38,437 ounces, beating the previous record set in Q2 by 25%.

Production for the first three quarters of 2022 was 96,578 ounces, placing Karora in a strong position to deliver on improved full year consolidated 2022 gold production guidance of 120,000 to 135,000 ounces.  Continue reading

Mining Review 16th October 2022

Mining Review 16th October 2022

An horrific week for precious metals with gold down 3.2%, silver a whopping 9.49%, and palladium 8.51%.

Karora Resources recorded record production, whereas Calidus Resources and Wesdome Gold disappointed the market and their share prices responded accordingly. Continue reading

Karora Resources Record Gold Production

Karora Resources (TSX: KRR)

Announced record consolidated gold production of 38,437 ounces for the third quarter of 2022 from its Beta Hunt and Higginsville mines in Western Australia.

Gold sales for the quarter were 35,513 ounces. Karora’s consolidated unaudited cash balance was $56 million as of September 30, 2022. Continue reading

Mining Review 18th September 2022

Mining Review 18th September 2022

The story of the week is the price of gold being beaten down by 2.45% to $1,674, due to an anticipated one percentage point rate hike in the USA in September.

Companies making news this week were  American Creek Resources, Karora Resources, Neometals, and Silver Tiger Metals. Continue reading

Karora Resources Drill 6.5% Nickel Over 11.9m

Karora Resources Inc. (TSX: KRR)

Announced a new nickel discovery and positive results from its ongoing nickel drill program.

In the Hunt Block above Western Flanks, infill drilling of the existing gold Mineral Resource intersected high grade nickel mineralization in two holes above the gold Mineral Resource.  Continue reading

Mining Review Sunday Update 4th September 2022

Mining Review 4th September 2022

Another poor week for gold and all metals as the US dollar again rises on interest rate hike anticipation. The price of gold in British pounds is up 3% in a month, due to the weakness of the pound. Uranium, up 8% in a week was the sole positive.

Cornish Metals and Kootenay Silver reported good drill results in an otherwise quiet week.  Continue reading

Karora Resources Drills 6 G/T Au Over 13 m

Karora Resources (TSX: KRR)

Announced continued exploration drilling success in targeting new gold mineralized shear zones in support of its growth plan strategy to deliver increased gold production  by 2024.

Parallel shear zones to the Larkin Zone Mineral Resource, referred to as Mason and Cowcill, returned significant gold assays in the first two drill holes of a twenty-four-hole program, the highlight was  6.0 g/t Au over 13 m.  Continue reading

Karora Discovers High-Grade Coarse Gold

Karora Resources (TSX: KRR)

Announced a new high-grade coarse gold discovery at its Beta Hunt Mine.

The new discovery was made on the 16 level of the A Zone, almost directly below the well-known “Fathers Day Vein” discovery originally announced in September 2018 that yielded approximately 30,000 ounces of gold.   Continue reading

City Investors Circle Market Review July 2022

City Investors Circle July Market Review 

Has been published, with comments on the fierce debate going on in the USA regarding the definition of a recession as the White House seeks to deny the country has already entered one.

Companies featired incude Neometals, Karora Resources, and Gold Road Resources, plus comments on others making the news during the month. Continue reading