Mining Review 6th October

Mining Review 6th October

A quiet week news wise, with the only exploration success reported by West Red Lake Gold mines.

Gold rallied back to $2650 on the back of international tension, and silver is rallying hard too on falling mine production and increased industrial demand.

 

 

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Karora Resources underground mining at Beta Hunt

 

 

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City Investors Circle Mining Review 6th October

 

 

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Mining Review 6th October

A quiet week news wise, with the only exploration success reported by West Red Lake Gold Mines.

Lefroy Exploration, an early stage Australian company reported an incresed resource at their project in Western Australia.

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Gold rallied back to $2665 on the back of international tension, and silver is rallying hard too on falling production and increased industrial demand.

 

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News from our watchlist companies is listed below, please click on the lin to be taken to the full story.

Archives

  Lefroy Announced High Grade Shallow Resource at Burns Central

  American Creek Received the Signing fee From Cunningham Mining

  West Red Lake Gold Intercepted 44.17 g/t Au over 1.3m

  Calibre Mining Strengthened Their Management Team

  Market Review September 2024 Published

  Mining Review 29th September 2024

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Market Data

Weekly Price Changes

(US$ unless stated)

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Metal Prices Price Weekly % change
Gold price in UK £ £2024 1.76%
Gold $2654 -0.23%
Silver 32.27 1.99%
Palladium 1012 -0.30%
Platinum 1002 -0.50%
Rhodium 4725 -0.53%
Copper 4.44 -0.45%
Nickel 8.13 8.26%
Zinc 1.42 2.90%
Tin 15.33 4.36%
Cobalt 10.86 0.18%
Manganese 3 0.00%
Lithium 10330 -0.07%
Uranium 82.4 0.86%
Iron Ore 108.8 7.09%
Coking Coal 195 -2.50%
Thermal coal 142.3 -1.18%
 
 
Metal ETFs Price Weekly % change
GLD 245 0.00%
GDX 39.55 -2.01%
GDXJ 48.64 -1.98%
Sil 35.77 -0.89%
SILJ 13.04 -1.73%
GOEX  (PCX) 32.74 -2.79%
URA 30.32 4.19%
COPX  47.76 -0.62%
HUI  316.24 -3.12%

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

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

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

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

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

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

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

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

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

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

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Mining Review Weekly Update

Mining Review 9th October 2022

A better week for gold despite US bond yields still going up, and the yield curve remains inverted, although it slimmed down a tad.

Argosy Minerals, Cabral Gold, Lefroy Exploration, and Minera Alamos all made positive news releases this week. 

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Lefroy Exploration

Lefroy Exploration – native-copper-core-and-gypsum, near Kalgoorlie, Western Australia.

 

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City Investors Circle – Mining Review 9th October 2022

A better week for gold despite US bond yields still going up, and the yield curve remains inverted, although it slimmed down a tad.

Another mixed week in the markets, the US DOW is oscillating around the 30,000 mark, and the mining sector had a better week as the price of gold stabilised above $1700.

A major deal was announced this week, the merger of Solgold (AIM: SLG) and TSX listed Cornerstone Capital. Cornerstone hold a significant position in Solgold shares, and hold other licence areas in the immediate vicinity of Cascabel, so this deals looks sensible to me.

 

Argosy Minerals, Cabral Gold, Lefroy Exploration, and Minera Alamos all made positive news releases this week, please click on the links below for the full stories.

Our Monthly Review Newsletter is also linked below.

 

  Canuc Resources added 3 San Javier Claims

  Pacgold F1a Zone Delivered High-Grade Gold

  O3 Mining Normal Course Issuer Bid

  Argosy Minerals Began Lithium Production

  Lefroy Exploration Burns Project Assays Gold and Copper

  Minera Alamos Issued a Positive Cerro de Oro PEA

  Cabral Gold Announced a New Cuiú Cuiú MRE

  Mining Review 2nd October 2022

  Market Review September 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 author holds shares in Argosy Minerals, Lefroy Resources, and Minera Alamos, bought in the market at the prevailing price on the days of purchase. 

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To read our full terms and conditions, please click HERE

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Market Data

Weekly changes (US$)

Metal prices

Gold price in UK £ 1529 +2.62%
Gold 1695 +1.99%
Silver 20.13 +5.72%
Palladium 2186 +0.83%
Platinum 915 +5.78%
Rhodium 13990 0.00%
Copper 3.51 +1.15%
Nickel 10.14 -2.41%
Zinc 1.4 +2.19%
Tin 9.19 -1.71%
Cobalt 23.26 0.00%
Manganese 3.12 0.00%
Lithium 69492 -0.37%
Uranium 49.15 -0.10%
Iron Ore 94.4 -1.87%
Coking Coal 281 -1.40%
Thermal coal 406 -0.73%
Magnesium 3640 +0.03%
Lumber 443 +4.85%

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ETFs

GDX 24.39 +1.12%
GDXJ 30.03 +1.93%
Sil 24.97 +3.57%
SILJ 9.53 +4.50%
GOEX  (PCX) 21.08 +1.59%
GLD 157.88 +2.08%
COPX 28.76 +1.77%


Mining Review 25th September

Mining Review Sunday Update 25th Sep.

Interest rates soared this week, the US dollar reached a 22 year high, and gold tanked as a result, losing 1.79% over the week.

Mining stocks tumbled once again, there were some extreme falls, one example being Colonial Coal, which fell 15.3% on Friday in a single day! 

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Pacgold

Pacgold Alice River drilling 11th August 2022

 

 

Mining Review Sunday Update 25th Sep.

Interest rates soared this week, the US dollar reached a 22 year high, and gold tanked as a result, losing 1.79% over the week.

Mining stocks tumbled once again, there were some extreme falls, one example being Colonial Coal, which fell 15.3% on Friday in a single day!

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Where is it safe to invest at the moment to protect my capital?

Well this was a truly horrendous week for gold, some other metals, and the mining sector in general, with many stocks strongly down on the week.

The monthly newsletter due out on the 30th September will show some really horrible price drops.

It’s really concerning me that all asset classes are falling at once, which begs the question of where to put one’s money for safety? 

Not an easy question to answer at the moment, as property prices must be due to start falling soon, due to interest rates and recession, bank rates are nowhere near the inflation rate, and crypto is also taking a hammering.

The price of gold in British Pounds is rising as the pound sterling is falling, so some money into physical metal stored securely at home looks a good idea in my view, just don’t tell anyone!

 

I am loathe to sell my better stocks as the turnaround could well come quickly when it eventually arrives, and it would be easy to miss the initial 20% jump waiting for confirmation the market has turned.

I reiterate once again, keep an eye on the level of cash at exploration companies, because if they need to raise funds in this environment it could well be at a discount.

If a company you hold is low on funds and needs to raise,  it may be better to consider selling and wait for the placing, then buy back again at the new lower price. You would of course have to consider the tax implications of such a move, and consulting your broker first would be advisable.

 

Companies on our watchlist in the news this week

Colonial Coal lost a whopping 15% on Friday alone, on no news, as market sentiment turned as Chinese lockdown and recession fears resurfaced. Ironically, the price of coking coal rose 4% in the same week, yet the price of iron ore fell!

Fosterville South published good drill news after a long hiatus, too long in fact and interest has been lost in the stock.

Pacgold and Radisson Mining came up with some excellent gold intersects, but both fell as a result of the general market malaise.

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You can read the full stories by clicking the links below;

  Fosterville South Exploration Discovered a New Gold Zone

  Gold Road Published a New Corporate Presentation

  Radisson Mining Intersected 17 g/t Au over 2m

  Lefroy discovered Copper at Lovejoy

  Pacgold Declared Bonanza Gold Grades

  UEC Expanded its Wyoming Hub and Spoke

  Mining Review 18th September 2022

 

 

Market data

Weekly Price Changes (US$ unless stated)

 

Metal prices

Gold price in UK £ £1,517 +3.48%
Gold 1644 -1.79%
Silver 18.89 -3.43%
Palladium 2071 -2.45%
Platinum 864 -4.95%
Rhodium 13990 -1.41%
Copper 3.54 0.00%
Nickel 11.12 +5.20%
Zinc 1.42 -2.74%
Tin 9.86 +4.01%
Cobalt 23.26 0.00%
Manganese 3.04 +1.67%
Lithium 68505 -1.08%
Uranium 50.15 -1.38%
Iron Ore 97.1 -3.48%
Coking Coal 264 +4.35%
Thermal coal 282 -7.54%
Magnesium 3605 -1.45%
Lumber 435 -9.56%

 

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Metal ETF’s

GDX 22.44 -6.46%
GDXJ 27.01 -7.78%
Sil 22.22 -7.65%
SILJ 8.32 -7.35%
GOEX  (PCX) 19.5 -6.92%
GLD 153.01 -1.82%
COPX 27.51 -7.96%

 

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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 Fosterville South, and Gold Road Resources, bought in the market at the prevailing prices on the days of purchase. 

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