Mining Review 3rd September 2023
Gold rallied strongly during the week, after disappointing US economic data suggested the FED may have to call a halt to further interest rate rises sooner than expected, bring recession fears to the fore and interest rate cuts sooner than expected, all positive for gold.
Eloro and O3 Mining both reported good drill results during the week, and Gold Road Resources reported record profits for H1 2023. Continue reading
Market Review June 2023
The City Investors Circle Market Review for June 2023 has been published.
The review features comments on Marathon Gold, Gold Road Resources, Minera Alamos, and a few other companies. Continue reading
Mining Review 4th June 2023
Once again the price of gold is tumbling after renewed FED hawkish comments about further interest rate rises.
Comments on Ascot Resources, Gold Road Resources, Minera Alamos, Neometals and Pacgold. Continue reading
Minera Alamos (TSX.V:MAI)
Announced the conclusion of discussions with lenders regarding a funding package tailored for the limited capital requirements associated with the planned construction of the Cerro de Oro gold mine that is currently anticipated to begin next year. Continue reading
Mining Review 7th May 2023
The FED rate hike dominated the markets this week, up .25% as gold fell on the news, later recovering a little.
American Creek, Cartier Resources, Eloro, Goldshore, and Minera Alamos all made news this week. Continue reading
Minera Alamos Inc. (TSX.V: MAI)
Provided selected financial highlights from its 2022 annual financial statements and MD&A (management’s discussion and analysis) filed on SEDAR on May 1, 2023. Continue reading
Minera Alamos (TSX.V: MAI)
Updated the market for the fourth quarter 2022, and the news was not as good as expected.
Minera have been plagued with a lack of water issue preventing normal operation at Sentana. This caused a big miss on guidance. The company reamins well funded. Continue reading
Mining Review 22nd January 2023
Copper is up as once again supply concerns emerge as more protests erupt in Peru, constraining production in the second largest exporting country.
Ascot Resources, Calidus Resources, Impact Minerals, Minera Alamos, Orla Mining, and TriStar Gold made news this week.
Minera Alamos (TSX.V: MAI)
Filed the results of the independent preliminary economic assessment (PEA) titled “NI43-101 Technical Report, Preliminary Economic Assessment and Mineral Resource Estimate for the Cerro de Oro Gold Project, Zacatecas, Mexico” on SEDAR. Continue reading
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
Mines and Money Day 2
A much quieter day attendance wise, so easier to get occasional random chats.
I met a diverse group of companies at the show, including a couple I hold, mainly Minera Alamos, and Eloro, plus a few I have been considering investing in, namely Barton Gold, and Skeena. Continue reading
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. Continue reading
Minera Alamos (TSX.V: MAI)
Announced the positive results of an independent Preliminary Economic Assessment for its Cerro de Oro Project in Zacatecas, Mexico.
Production highlights include an average annual gold production approaching 60,000 oz to 70,000 oz in Years 1 through 4, a low strip ratio, and capex of only $28 million. Continue reading
Minera Alamos (TSX.V: MAI)
Provided an update on the continuing progress at the Company’s Santana gold mine as well as a financial update for the Quarter ending June 30th, 2022.
In addition, the company confirmed that July gold recovery was approximately 2,275 oz, almost twice that of any previous month this year. Continue reading
Minera Alamos (TSX.V: MAI)
Announced that it proposes to complete a non-brokered private placement of 7,950,000 common shares of the Company at a price of $0.55 per Share, for gross proceeds of $4,372,500.
The proceeds from the Offering will be used to advance the Cerro de Oro gold project. […] Continue reading
Minera Alamos Inc. (TSX.V: MAI)
Announced that it is in receipt of surface rights agreements for its Cerro De Oro gold project in northern Zacatecas, Mexico.
The agreements, finalized at meetings held last week will allow the Company to finish remaining activities necessary for the Permit Application submission for the project. […] Continue reading
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. […] Continue reading
Mining Review Sunday Update 17th April 2022
Another good week for gold and other precious metals as US interest rates are looking like having a .5% hike soon. Sadly the other reason is the continuing war in Ukraine.
Companies are releasing drill results from early campaigns, including Cabral Gold and Westhaven Gold. Minera Alamos continues its mine startup at Santana, Mexico.
Minera Alamos (TSX.V: MAI)
Provided an update on the continuing progress at the Company’s Santana gold mine during the first quarter of 2022.
Following a year-end shutdown to analyze data obtained from the first phase of the operation’s start-up (see HERE) full mining activities resumed later in January 2022. […] Continue reading
Minera Alamos Inc. (TSX.V: MAI)
Provided a 2021 year-end summary of the ramp-up of mining activities at the Santana gold mine in Sonora, Mexico.
Through the end of 2021 approximately 9,100 ounces of gold were mined and stacked on the leach pad during the first phase of the project mining activities. Continue reading
