Mining Review 10th December 2023

Mining Review 10th December 2023

Gold has retreated from the new all time high around $2,170, and is currently trading under $2,000 again, as rate cut anticipation wains after some stronger then expected US employment numbers.

Companies in the news this week included West Red Lake Gold Mines, and I sold Argosy Minerals and Minera Alamos from my personal portfolio.  Continue reading

Sold Minera Alamos

Minera Alamos (TSX.V: MAI)

I have been a loyal shareholder of Minera for around three years now, and have made a profit from holding the stock, but there comes a time when you have to look at the performance against the objectives set by the company.

I am wary of the permit delays, and with an upcoming election, if they are not issued before, it may delay things for some time. I see other opportunities with less risk. Continue reading

Mining Review 26th November 2023

Mining Review 26th November 2023

i-80 Gold announced high grade results from their Cove Gold Project in an otherwise quiet week for news from our watchlist stocks.

The recent Global Mining Finance Conference was busy as it lead into the London Mining fortnight, with other conferences to follow. Continue reading

Portfolio Adjustment- Selling Minera Alamos

City Investors Circle

As we come to the end of 2023, it’s time to make some adjustments to my portfolio, and the watchlists.

I am selling Minera Alamos for a couple of reasons, the principal one being the dependance on the Cerro de Oro permit application, and the proximity of the Mexican election, which may delay it unless they can push it through. This makes MAI a bit of a binary bet on the short term, and I don’t like those one bit. Continue reading

Mining Review 8th October 2023

Mining Review 8th October 2023

Higher US bond yields were the focus this week as they pushed gold lower, and then on Friday retreated a tad to allow gold to rise into the close.

Neometals issued an update on their Barrambie titanium and vanadium project, announcing they have failed to agree terms with Xinjiang for offtake, and have terminated discussions. Continue reading

Mining Review Sunday 3rd September

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

Mining Review 22nd January 2023

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.

Continue reading

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

Minera Alamos Issue Positive Cerro de Oro PEA

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