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.

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Lakewood Gold Mill – Karora Resources, Western Australia

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Karora Announces Record Gold Production Of 38,437 Ounces For The Third Quarter Beating Previous Production Record By 25%

City Investors Circle

Have published the Market Review for September 2022.

Companies mentioned include Argosy Minerals, Calidus Resources, Karora Resources, Neometals, Pacgold, and Westhaven Gold. 

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Pacgold Alice River drilling 11th August 2022

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City Investors Circle –  Market Review for September 2022.

Companies mentioned include Argosy Minerals, Calidus Resources, Karora Resources, Neometals, Pacgold, and Westhaven Gold.

There was plenty of news published in September, so a few stocks actually rose against the tide of falling ones, Argosy Minerals, close to producing lithium in Argentina, was one of them.

The Review also covered the recent market moves and looked at where you can park your money for safety.

Precious and base metals suffered in a falling market being ruled by the US dollar.

To read the Review in detail, please click HERE

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.If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

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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 Argosy Minerals, Calidus Resources, and American Creek, bought in the market at the prevailing price on the days of purchase. 

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.

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.

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Rest in peace ma’am

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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 1 percentage point rate hike in the USA in September. The strong dollar is the focus at the moment, and until the FED pivots, gold is going to be in weak, and of course, the miners and explorers.

Every time gold looks as though it’s recovering, the US make another interest rate announcement and down it goes again, almost as if were being manipulated downwards deliberately.

Silver had a very good week and stocks in the COMEX and LBMA vaults are reducing, although they still have plenty in store at the moment.

The London Metal Exchange faces a new lawsuit from a group of firms, including hedge fund AQR Capital Management, over its decision to cancel billions of dollars worth of trades, after the short squeeze in nickel forced the price to stratospheric levels, causing the LME to suspend trading and cancel trades to bail out a Chinese trader.

AQR, DRW Commodities LLC, Flow Traders BV, Capstone Investment Advisors LLC, and Winton Capital Management Ltd. have filed a commercial court claim in London against the LME, according to court records.

Companies on our watchlist making news this week

American Creek Resources, Karora Resources, Neometals, and Silver Tiger Metals.

American Creek and Karora both released good drilling news, yet the market took it in its stride and both stocks trod water, whereas in better times they would have shot up.

Please click on the links below to read the full news release.

  Westhaven Gold agreed an  NSR With Franco-Nevada

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Market Data 

Weekly price movements

All in US$

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ETF’s

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Miscellaneous data

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=======

.If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

.

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 American Creek, Karora Resources, and Silver Tiger Metals, bought in the market at the prevailing price on the days of purchase. 

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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. 

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Beta Hunt plan view highlighting + 1% nickel results for the February to August 2022 period and location of 4C Offset and 44C Ni Target.

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Karora Resources Drills 6.5% Nickel Over 11.9 Metres In New 4C Offset Discovery Located Only 25 Metres From Existing Mining Infrastructure At The Beta Hunt Mine

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. 

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Cornish Metals South Crofty Mine Headframe

City Investors Circle 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.

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Companies from our watchlist in the news this week

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

Karora Resources is pressure after recent poor results, and if not already in bargain basement territory must surely be close?  Karora is down 62% from a high of C$7.45, which admittedly was looking a bit frothy, but now it looks like the complete opposite.

Wesdome is out of favour too, again for poor performance, although it posted a recovery on Friday.

 Orla Mining – Funds increased their holdings in the company

 Kootenay Silver Drills 574 gpt Silver

 Market Review For August 2022 Published

 Calidus Resources Raised AUS$20 Million

 Cornish Metals Reported High Grade Copper and Tin

 Impact Minerals Reported Outstanding Results

 Mining Review Sunday Update 28th August

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Market Data – As at Sunday 4th September 2022

.Weekly price changes (All US$)

.Metals

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ETF’s

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.Miscellaneous

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!Afcbok20.

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.

.

.

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. 

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Karora Resources Drills 6.0 G/T Au Over 13.0 Metres In New Mason Zone And Provides Beta Hunt Development Update

This news release has been abridged for brevity. To read the full news release, please click HERE

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=======

.If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

.

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 Karora Resources, bought in the market at the prevailing price on the days of purchase. 

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.

Mining Review Sunday Update 21st August 2022

Another poor week for gold as the US dollar (DXY) climbed higher, reaching 108.

Companies making news this week included American Creek, Cartier Resources, Karora Resources, Maple Gold, Rokmaster, and Uranium Energy Corp.

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Ascot Resources – Big Missouri portal

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Mining Review Sunday Update 21st August 2022

Another poor week for gold as the US dollar (DXY) climbed higher, reaching 108, a recent high.

The rise in the dollar is being assisted with so called “good news” being released about the state of the US economy, and the ridiculous denial that is is already in recession after two quarters of negative growth, the traditional definition.

This of course was negative for gold, silver, and other metal prices.

Industrial metals are declining due to low growth fears in the Chinese economy, and once again reports of brutal lockdowns of whole cities for a few covid cases.

Chile continues to make the news for the wrong reasons, this time in connection with a large 36m sinkhole that has appeared at the edge of the  Alcaparrosa copper mine, owned by Lundin (80%) and Sumitomo (20%), in the Atacama region.

Immediately a determination seems to have been made that the company is to blame for “overexploitation”, and “severe penalties” are being threatened. Lundin are investigating the cause.

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Companies making news this week included American Creek, Cartier Resources, Karora Resources, Maple Gold, Rokmaster, and Uranium Energy Corp.

Karora Resources has bounced back after some disappointing recent financials, despite record production, with a high grade course gold discovery at its Beta Hunt Mine, in WA.

The other piece of noteworthy news was that UEC and UEX Corp. came to an agreement regarding the terms of the proposed takeover of the latter, after the intervention of Dennison Mines had threatened to scupper the deal.

For the full stories, please click the links below;

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Companies on our watchlist in the news this week;

  Karora Resources Discovered High-Grade Coarse Gold at Beta Hunt, WA

  Cartier Resources Commenced a new Chimo Drill Campaign

  Maple Gold drilled 24.4 G/T Gold Over 1m

  Uranium Energy Corp And UEX Reached a New Takeover Agreement

  American Creek Resources Reported a positive Drill Hole Extension

  Rokmaster Resources Private Placement announced

.

Market Data

Weekly price movements

All in US$

Metal Prices

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Metals ETFs

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.

=======

.If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

.

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 American Creek and Karora Resources, bought in the market at the prevailing price on the days of purchase. 

.

.

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.  

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Gold in drill core from Beta Hunt mine, Western Australia

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Karora Discovers New High-Grade Coarse Gold Occurrence At Beta Hunt Below Father’s Day Vein And Announces The Appointment Of Bevan Jones To The Position Of COO Australia

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.

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Calidus Resources Warrawoona mine, Pilbarra, Western Australia.

The July 2022 Market Review can be read here

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City Investors Circle July 2022 Market Review Published

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 featured incude Neometals, Karora Resources, and Gold Road Resources, plus comments on others making the news during the month.

The July 2022 Market Review can be read here

To subscribe to the monthy market reviews, and receive invitations to our free to attend events, please email andrew@city-investors-circle.com

=======

.

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.

.

.

Mining Review Sunday Update 31st July

Gold and other metals bounced after the dovish comments by FED Chair Powell after he increased US interest rates by 0.75%.

Companies in the news this week with good drill results included Cabral Gold, Eloro Resources, and Karora Resources.

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Eloro Resources – Iska Iska project view

City Investors Circle Mining Review Sunday Update 31st July

Gold and other metals bounced after the dovish comments by FED Chair Powell after he increased US interest rates by 0.75%.

Companies in the news this week with good drill results included Cabral Gold, Eloro Resources, and Karora Resources.

The main news of the week was the collapse into administration of ASX listed Wiluna Mining, a month after they raised A$65 million at double the suspended share price!  I would expect there are some very unhappy investors dmanding ansers after this debacle.

Companies on our watchlist in the news last week:

  UEC’s bid for UEX Trumped by Denison Mines

  Westhaven Gold Announced a $3,000,000 Placement

  Uranium Energy Corp Attains Key Milestone

  Karora Resources Drilled the Highest Grade To Date at Beta Hunt

  Eloro Resources reported their best ever drill results at Iska Iska, Bolivia

  Cabral Gold 13m @ 4.6 g/t Gold at Cuiú Cuiú

Market Data weekly price changes

The Monthly Market Review has just been published, and all the commodity prices are listed there, just click the ‘Market Data’ tab at the top of the report.

To read the July 2022 Market Review, please click HERE

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If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

.

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.

.

.

Karora Resources Inc. (TSX: KRR)

Announced high-grade drill results from the Larkin Zone as part of its ongoing underground diamond drill program at Beta Hunt.

These included the following intersections:  29.8 g/t over 7.8 metres, 8.7 g/t over 4.0 m, and 4.2 g/t over 6.9 m. 

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Gold in drill core from Beta Hunt mine, Western Australia

Karora Drills Highest Grade Interval To-Date At Beta Hunt’s Larkin Zone Reporting 29.8 G/T Gold Over 7.8 Metres

Mining Review Sunday Update 24th July 2022

Another poor week for metals, but there are signs that maybe the US dollar has peaked, which would be positive if so.

Amongst companies in the news were American Creek Resources, Cyprium Metals, Karora Resources an Uranium Energy Corp.

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Calidus Resources – Klondyke Prospect panoramic view

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City Investors Circle Mining Review Sunday Update 24th July 2022

Another poor week for metals, but there are signs that maybe the US dollar has peaked, which would be positive for all metals if so.

Sadly Wiluna Mining fell into administration this week, finally beaten by their high cost of production. Another $100 or so on the gold price may have saved them.

This was a week when the new Chilean government stopped a second Anglo American project, a week after denying Rio2 their permits. Chile is not a country I would invest in a project now.

Amongst companies in the news were American Creek Resources, Cyprium Metals, Karora Resources and Uranium Energy Corp.

Watchlist stocks in the news this week

Market Data (US$)

Weekly Change

Precious Metals

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Base Metals

/

Energy Metals

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Bulk Commodities

.

Metal ETF’s

.

Miscellaneous

.

=======

.If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

.

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 American Creek Resources, Cyprium Metals, Karora Resources, Los Cerros, and Newcore Gold, bought in the market at the prevailing price on the days of purchase. 

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Karora Resources Inc. (TSX: KRR)

Announced it has received approval from the Toronto Stock Exchange to renew its normal course issuer bid  to purchase up to no more than 8,492,971 of its issued and outstanding common shares.  […] 

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Gold in drill core from Karora Resources’ Beta Hunt mine, Western Australia

Karora Resources Renews Normal Course Issuer Bid

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.TORONTO, July 15, 2022 /CNW/ – Karora Resources Inc. (TSX: KRR) (OTCQX: KRRGF) (“Karora” or the “Corporation”) is pleased to announce it has received approval from the Toronto Stock Exchange (the “TSX”) to renew its normal course issuer bid (the “Bid”) to purchase up to no more than 8,492,971 of its issued and outstanding common shares (the “Common Shares”).

For brevity, this summary has been redacted, to read the full news release, please click HERE

Mining Review Sunday Update 17th July 2022

The strong US dollar is pushing down precious and industrial metal prices.

Mining stocks are taking a beating along with other popular sectors of the market.

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Neometals Primobius JV official opening

City Investors Circle – Mining Review Sunday Update 17th July 2022

The strong US dollar is pushing down precious and industrial metal prices, as can be seen from the table below.

Gold lost 2% week on week, and silver a whopping 3.16%. these are large numbers for a single week, especially as they come on the back of a large decline. Gold is just holding above $1,700, let’s see if it can provide support or whether we will be through into the 1600’s this week.

If gold falls any further I would expect to see announcements of some mines being put on care and maintenance soon.

The US dollar’s rise linked to interest rate rises is causing the decline of course, and we have to remember that in other currencies the price of gold is not falling so much.

It’s the same for base metals, and copper has fallen all the way back to the $3 range, after such a strong run during the past year. It’s also been badly effected by the Chinese covid lockdowns, as well as supply chain disruption, and the Ukraine conflict.

Mining stocks are unsurprisingly taking a beating along with other popular sectors of the market.

My major concern for a wile has been opportunistic bids for good quality companies by stronger ones, taking advantage of an undervaluation situation. A good example of that was the purchase of Gold Standard Ventures by Orla Mining, and now we have had Alexco being taken out with a low ball bid from Hecla Mining.

Despite Alexco announcing the buyout price of 47c per share was a “premium” to the VWAP, it’s a fraction of the price from the previous two weeks. I accept that Alexco had poorly executed (again), and once again silver had plunged just as they were restarting the mine, but this price looks like legalised theft to me.

I am concerned about Banyan Gold, where there is an obvious predator, Victoria Gold, sitting a few miles away, in production. My concern arises from the fact that the CEO’s of the two companies are married to each other!

When I expressed this concern to CEO Tara at PDAC, she responded that the NED’s were there to ensure a good, fair price is offered. Her confidence in NED’s is higher than mine, crusty old sceptic that I am.

As the shareholders of GSV and Alexco can attest, there is a danger that a good investment is sold for a song, and that just adds to the risk of holding stocks at this point.

Stocks on our watchlist making news this week

  Orla Mining added to tier 1 watchlist

  American Creek Resources reported 237.3 m of 1.51 g/t AU EQ at Treaty Creek

  Wesdome Gold Mines Announced Q2 2022 Production Results

  Karora Resources Produced 30,652 oz Au in Q2

  Neometals Confirmed a Mercedes Benz Purchase Order

  Orla Mining Announced their Q2 2022 Operational Results

  Cabral Gold Drilled 20.9m @ 4.2 g/t Au at Cuiú Cuiú

Market Data (US$)

Weekly price movements

Precious metals

.

Base Metals

.

Energy metals

.

Bulk commodities

.

Metal ETF’s

.

Miscellaneous

.

.

=======

.If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

.

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 American Creek Resources, Banyan Gold, Karora resources, and Orla Mining, bought in the market at the prevailing price on the days of purchase. 

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Karora Resources (TSX: KRR)

Has made a consolidated gold production of 30,652 ounces for Q2 of 2022 from its Beta Hunt and Higginsville mines in Western Australia. Gold sales for the quarter were 30,398 ounces.

Karora’s consolidated unaudited cash balance was $114-million as of June 30, 2022.  [..] 

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Lakewood Gold Mill – Karora Resources, Western Australia

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KARORA ANNOUNCES STRONG SECOND QUARTER GOLD PRODUCTION OF 30,652 OUNCES AND SALES OF 30,398 OUNCES

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2022-07-14 06:49 ET – News Release – Karora Resources Inc. has made a consolidated gold production of 30,652 ounces for the second quarter of 2022 from its Beta Hunt and Higginsville mines in Western Australia. Gold sales for the quarter were 30,398 ounces.

Karora’s consolidated unaudited cash balance was $114-million as of June 30, 2022.

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Karora Resources management comments

“I am very proud of our gold production of 58,141 ounces for the first half of 2022, including 30,652 ounces in the second quarter, which remains in line with our full year 2022 guidance, despite very challenging conditions experienced during the first quarter associated with COVID-19 related impacts.

 

“Full year guidance is weighted to the second half of the year.

 

“On June 30, 2022, our unaudited cash balance of $114-million was approximately $36-million higher than our March 31, 2022, cash balance.

 

“The higher cash balance reflects proceeds received from the bought deal financing that closed last month, partially offset by capital expenditures related to advancing work on the second decline at Beta Hunt, which is continuing to track on budget and ahead of schedule, with an estimated completion date of Q1 2023, among other projects.

 

“The second decline at Beta Hunt and the pending acquisition of the Lakewood Mill are the key drivers of our growth plan to increase gold production to an anticipated range of 185,000 to 205,000 ounces by 2024.”

Paul Andre Huet, chairman and CEO of Karora Resources

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For brevity, this summary has been redacted, to read the full news release, please click HERE

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.If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

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City Investors Circle is based in the financial district in the City of London

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

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

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

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

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

.

=======

,

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

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

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

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

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Disclosure

At the time of writing the author holds shares in Karora resources, bought in the market at the prevailing price on the days of purchase. 

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Mining review Sunday Update 26th June 2022

Another poor week for the mining juniors, but we have to remember we are in the midst of the summer doldrums and this is traditionally a poor time for gold and gold mining stocks.

Chile flexed its muscles regarding the EIA for RIO2 (RIO.V), with them being told their document is deficient, which MAY mean they have to revisit some sections which could cause up to a year’s delay in construction.

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Chris Sangster of Ariana Resources addresses a packed house at the recent Global Mining Finance Conference, amidst the splendour of the Armourers’ Hall, London.

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Mining review Sunday Update 26th June 2022

Another poor week for the mining juniors, but we have to remember we are in the midst of the summer doldrums and this is traditionally a poor time for gold and gold mining stocks.

It is said the best time to buy a gold stock is the 1st August, and if prices continue to fall as they are doing, that may well turn out to be prophetic this year, as there has to be a bottom soon, surely?

I have topped up a few holdings recently allowing me to reduce my average price as well as add some to stocks that I thought had run away from me.

Karora Resources (KRR.to) has halved in very short order, for example, which looks well overdone, even allowing for the disappointing production results just published.

Turning to mining in general, Chile flexed its muscles regarding the EIA for RIO2 (RIO.V), with them being told their document is deficient, which MAY mean they have to revisit some sections which could cause up to a year’s delay in construction.

The recommendation now has to be voted upon by a committee of 12 mining bodies, with a straight majority vote prevailing. Even if RIO lose, there is an appeal process.

I expect intense lobbying from RIO will ultimately prevail, but they will lose precious time and focus resolving this. If they do lose, they will have to  redo the EIA, and that may take up to a year.

Needless to say the stock bombed on this news, and is now trading at a 50% loss on the week.

PDAC 2022

It has been confirmed that 17,000 attended PDAC 2022, held in June for the first time. This is around 25% down on the normal numbers, and I can remember 30,000 attending in the past.

Given the move to June, the introduction of the C$25 per day charge, and no Sunday first day, (which is popular with local investors), I guess you could say the numbers weren’t too bad.

I certainly enjoyed it despite numbers obviously being lower in the hall, with the aisles mostly clear and easy to navigate, and easy to find a table to sit at in the food hall.

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Companies on our watchlist in the news this week

 Osisko Development Drilled 19.81 g/t Au over 9.80 m at Cariboo

Lithium Power Intl. Consolidated Ownership of Maricunga

Minera Alamos Agreed the Cerro De Oro Surface Rights

GoldMining Inc. Optioned the Almaden Project to NevGold

Uranium Energy Corp. Acquired UEX Corporation

Gold Road Resources Exceeded the  DGO Takeover 80% Minimum

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Market Data (US$)

Weekly changes

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Precious metals

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Base Metals

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Energy Metals

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Bulk commodities

** This is the first time I can remember thermal coal being more valuable than coking coal!

Both prices used are Australian FOB, so should be consistent.

Metal ETF’s

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Miscellaneous

PDAC 2022 – Day 2 was much quieter

After the pandomonium of registration and police holding people outseide for hours on day 1, PDAC 2022 day 2 was much quieter.

The aisles were noticably easier to navigate and of those people walking around, there seemed to be very few investors, with some booth holders even saying to me they don’t go to PDAC to meet investors! 

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PDAC 2022 – Day 2 was much quieter than Day 1

After the pandomonium of registration and police holding people outseide for hours on day 1, PDAC 2022 day 2 was much quieter.

The aisles were noticably easier to navigate and of those people walking around, there seemed to be very few investors, with some booth holders even saying to me they don’t go to PDAC to meet investors!   What?

So, you spend time and money putting your company into the Investors Exchange, and then turn around and say you “don’t attend the conference to meet investors?”

So they are only there to meet service providers and people selling goods and services?

That seems to be a very hollow claim to me, and smacks of them trying to mask their disappointment at the lack of investors at the show.

On the otherhand, as an investor I have had some difficulty meeting the management of some copanies at the show, due to them being “in meetings”. Nothing wrong in that of course, it’s to be expected that larger shareholders and funds would take the opportunity to meet the CEO, especially ones of companies that have performed well.

But, to be told they are not available on the stand for the duration of the show, as I was with Tara Christie of Banyan Gold, (on Day 1!)  really was disappointing. I managed to catch up with her after a panel discussion, in the corridor of the Inter Continental Hotel, with people interrupting several times, and that was not what I want from a meeting, no matter how large or small my investment.

Banyan have done really well recently, so she is perhaps in more demand than others whose share price has fallen, but even so surely she should allocate some time to meet those shareholders that wish to meet her at her booth?

Contrast that with Karora Resources, where after a couple of visits to the stand the guy there, without any prompting from me texted Rob Buchanan who promptly returned to the stand and gave a proper presentation.

So, on one hand we have some CEO’s compaining about the lack of investors, or making excuses like they don’t go to the show to meet them, and then we have others that are not available to meet the few investors that take the trouble to fly over the pond to meet them.

To be offered a zoom call is not what I travel such a distance to be told, although I appreciated the gesture.

I think PDAC should mandate that all CEO’s make themselves available on their stands for at least a couple of hours on one day of the show, perhaps day 2 before lunch, to give investors that take the trouble to attend a chance to meet them. Else why should we bother attending at all?

I have had two years of Zoom calls, which served a uesful purpose during lockdown, but now I want to meet people in person again. I like to meet the CEO’s of all my stocks in person, usually before investing.

Day 3 tomorrow, and the final day where my own attendance will be curtailed due to British Airways cncelling my Thursday flight, ths forcing me onto the Wednesday night cattle truck whch will be full to the brim after the show as people return to London.

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.If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

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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 authorholds shares in Banyan Gold and Karora Resources,  bought in the market at the prevailing price on the days of purchase.

Mining Review Sunday Update 5th June 2022

Companies in the news this week included Cornish Metals, Impact Minerals, Karora Resources, and Wesdome.

Gold was hit by a rising US dollar although the rise might be over now. 

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Lakewood Gold Mill – Karora Resources, Western Australia

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Mining Review Sunday Update 5th June 2022

Companies in the news this week included Cornish Metals, Impact Minerals, Karora Resources, and Wesdome.

Gold was hit by a rising US dollar although the rise might be over now.

This is a short update this week due to being busy.  I will add the commodity price data in a few days.

Companies we follow in the news this week;

  Wesdome Gold Mines Expands Folded Kiena Deep A Zone

  Global Mining Finance Conference in London

  Cornish Metals Issues Shares for Cornwall Assets

  Impact Minerals Talk Impresses London Investors

  Karora Resources Acquired The Lakewood Gold Mill

  Market Review 31st May 2022 Published

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.If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

.

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 authorholds shares in Karora Resources bought in the market at the prevailing price on the day of purchase.

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Karora Resources Inc. (TSX: KRR)

Announced that it has entered into a binding agreement to acquire the operating, fully permitted 1 M tpa Lakewood Mill gold processing facility located near Kalgoorlie,  Western Australia, approximately 60 kilometres from the Beta Hunt Mine.

The acquisition price of A$80 million is comprised of A$70 million in cash and A$10 million in Karora shares. Karora successfully tolled Beta Hunt material through the Lakewood mill in Q1 2022, achieving 94% Au recovery.  […] 

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Lakewood Gold Mill – Karora Resources, Western Australia

Karora Resources Announces Agreement To Acquire The Lakewood Gold Mill And Significantly De-Risk Growth Plan

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For brevity, this summary has been redacted, to read the full news release, please click HERE

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.If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

.

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 owns shares in Karora Resources, bought in the market at the prevailing price on the day of purchase.

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City Investors Circle – Market Review 31st May 2022

The Review features a focus on Minera Alamos (MAI.V), and comments on poor Q1 financials from Karora Resources, and the reasons for them.

We also raise the question “where is safe to invest in order to protect your capital in these volatile markets?, and offer a few suggestions.  […] 

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Calidus Resources commemorative coin

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City Investors Circle – Market Review 31st May 2022 Published

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The Review features a focus on Minera Alamos (MAI.V), and comments on poor Q1 financials from Karora Resources, and the reasons for them.

We also feature news from Calidus Resources (ASX: CAI) who have been been very busy news wise in May.

The focus as always is the global economic news and how it’s effecting the precious and base metal prices. Gold continues to be under pressure due to a high US dollar and 10 year treasury bond rates.

We also raise the question “where is safe to invest in order to protect your capital in these volatile markets?, and offer a few suggestions.

In reality it’s a tough question, with physical gold kept personally (with the obvious risk of theft or loss) rather than in a bank or institution looking the best option, when compared to investing in an account paying half a percent interest when inflation is around 8%, or in stocks and bonds that are both falling.

To read the full review, please click HERE

To subscribe to receive all future reviews and invitations to our events, please email:

andrew@city-investors-circle.com

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!Afcbok20.

City Investors Circle is based in the financial district in the City of London

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

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

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

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

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

.

=======

,

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

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

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

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

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.