Mining Review 8th December 2024

Mining Review 8th December 2024

Mines and Money London was a fairly lively conference, but with few companies that excited me.

Westgold announced an increased resource, and Calibre Mining denied an announcement by Condor Gold.

 

 

.

Mines and Money

Mines and Money London- The magnificent Business Design Centre, at Islington.

 

 

Mining Review 8th December 2024

Mines and Money London was a fairly lively conference, but with few companies that excited me.

I guess I’ve attended too many conferences and become too aware of the slim chances of companies starting exploration in moose pasture in the back of beyond in the Yukon or Alaska becoming mines in the future.

Those type of companies dominate most mining events these days, with producers and late stage development companies funded through to production being in the minority.

I did like Exploits Discovery as a nearology play to New Found Gold in Newfoundland. I also liked Awale Resources, and Scottie Resources, and I am going to research further before making any invesment decisions.

Borealis Mining enters the Hall of Shame for their non show for an arranged meeting with no apology. Apalling behaviour and a total lack of professionalism.

——-

Canadian tax loss selling is occuring so there should be at least another week of opportunity before prices might start to rise again, if not longer.

——-

In this week’s news Westgold announced an increased resource, and Calibre Mining denied an announcement by Condor Gold regarding bidding for their asset in Nicaragua.

——-
All this week’s news from our watchlist companies can be viewed by clicking the links below

Archives

West Red Lake Gold Mines Madsen Mine Update

  Mines and Money Day 2 Review

  Westgold Doubles Bluebird South Junction Ore Reserve 107%

  Mines and Money Day 1 Review

  London Mines and Money Conference Starts Today

  Calibre Mining Responds to Condor Gold Announcement

  Gold Road to Benefit from Northern Star Acquisition of De Grey Mining

  Mining Review 1st December 2024

——-

..

.

Market Data

Weekly Price Changes

(US$ unless stated)

 

Metal Prices Price Weekly % change
Gold price in UK £ 2069 -0.67%
Gold 2633 -0.34%
Silver 31 2.28%
Palladium 965.6 -1.51%
Platinum 933.8 -0.32%
Rhodium 4575 -3.17%
Copper 4.07 0.74%
Nickel 7.15 0.56%
Zinc 1.41 0.00%
Tin 13.09 2.83%
Cobalt 10.91 -6.59%
Manganese 2.9 0.00%
Lithium 10124 -2.34%
Uranium 77.2 0.13%
Iron Ore 104.6 0.00%
Coking Coal 205 0.49%
Thermal coal 123.5 -10.51%
 
 
Metal ETFs Price Weekly % change
GLD 242.95 -1.07%
GDX 36.82 -2.23%
GDXJ 47.31 -0.78%
Sil 38.39 5.67%
SILJ 11.79 -0.59%
GOEX  (PCX) 32.88 1.61%
URA 31.8 -1.70%
COPX  41.98 -1.52%
HUI  286.28 -4.92%
Gold / Silver ratio 84.94 -1.93%
10 yr Tbond (TNX) 4.15 -0.72%
2 yr T bond US2Y 4.11 -1.20%
US  index (DXY) 105.97 0.18%
SPJXGD 56.53 -0.07%

.

#

.

.=======

.

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.

.

.D

To read our full terms and conditions, please click HERE




Mining Review 4th December 2022

Mining Review 4th December 2022

London mining week wasn’t as busy as previous years and there wasn’t a ‘buzz’ this year, but companies still came.

American Creek, Calidus Resources, and Rokmaster Resources made news this week. 

.

.

.

Mines and Money 2022

Mines and Money 2022 – The magnificent Business Design Centre, at Islington.

.

.

.Mining Review 4th December 2022

London mining week wasn’t as busy as previous years and there wasn’t a ‘buzz’ this year, but companies still come.

The annual Mines and Money show at Islington was sparsely attended compared to previous years, but companies still fly in from Australia and Canada to participate. Some have been in Europe for three weeks attending various conferences in Frankfurt, Zurich, and Geneva.

.

Companies on our watchlist in the news

American Creek, Calidus Resources, and Rokmaster Resources made news this week.

  Rokmaster Resources Reported a Strong Drill Intercept

  American Creek Intersected a Gold-Copper Porphyry

  Calidus Resources made a Significant Gold Discovery

  Mining Review 27th November 2022

.

.

Market Data 

Weekly price changes

(All prices in US$ unless stated)

..

Metal Prices

Gold price in UK £ 1463 +0.76%
Gold 1798 +2.45%
Silver 23.17 +7.07%
Palladium 1905 +2.64%
Platinum 1020 +3.34%
Rhodium 13290 0.00%
Copper 3.73 +3.04%
Nickel 12.22 +2.95%
Zinc 1.39 +5.30%
Tin 10.48 +2.95%
Cobalt 23.57 +1.38%
Manganese 3.33 +3.42%
Lithium 79483 +1.18%
Uranium 49.8 -1.09%
Iron Ore 102.2 +7.35%
Coking Coal 272 +9.68%
Thermal coal 376.5 +5.46%
Magnesium 3324 -2.58%

.

Metal ETF’s

GDX 29.92 5.20%
GDXJ 37.22 5.65%
Sil 29.5 3.69%
SILJ 11.21 4.57%
GOEX  (PCX) 25.95 6.57%
GLD 167.26 2.48%
COPX 36.94 6.52%

,

=======

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.

.

.

.

.

To read our full terms and conditions, please click HERE

.




London Mining Conference Fortnight Begins

London Mining Conference Fortnight Begins

The last two weeks of November are here and that signals the start of a busy fortnight of mining conferences in London.

This year we have three major conferences, starting today with the 121 Conference in it’s new venue of Houndsditch, somewhere near Aldgate.

.

.

121 Mining Conference

A typical booth at the 121 Mining Conference, London

.

.

.

London Mining Conference Fortnight Begins

The last two weeks of November are here and that signals the start of a busy fortnight of mining conferences in London.

This year we have three major conferences, starting today with the 121 Conference in it’s new venue of Houndsditch, somewhere near Aldgate,

This venue is not so easy for me to get to, I much preferred the former GLC Building at the side of Waterloo Station. I’m not sure why they changed as the venue size was well suited to the number of booths. There are a few more companies this year so maybe they outgrew the old venue?

Next week we have the Mines and Money Conference, in its traditional venue of the Design Centre at Islington. It’s an OK venue I guess, not my favourite by a long way, a lot of walking up and down stairs, and the toilets can leave something to be desired.

It can be a cold and daunting walk from Angel tube station to the Design Centre on a chilly winter’s day, so I’m hoping the current mild weather holds for another 12 days or so.

This conference is also boasting of a high number of companies attending, more than 121, although it remains to be seen if they all turn up of course.

The Tin Conference rounds off the mining fortnight, and is a one day confererence in the traditional mining conference mode of presentations to the audience, like the Global Mining Finance Conferences also held in London each year.

It’s interesting that despite the markets being down. and in particular the mining sector where prices have really been in a downward trend from raound 18 months ago, there are so many companies attending these conferences.

It begs the question as to whether they’re coming to create awareness or because they’re desperate to attract some investor interest?

I have a feeling many are coming because they feel they need to attract investors, especially if funds are low and they will be needing a placing at sometime in the future.

As an investor, I’m wary of companies that are nor currently well funded as dilution at lower levels is exremely painful and results in new investors getting in at a lower level at the expense of existing investors that bught at higher prices.

The real question is will investors who have had an awful year turn out in their numbers for these conferences, or will they stay away?  I heard Germany was quiet for their two shows last week, and they’re normally busy, so will London follow suit?

I’ll let you know after tomorrow, the last 121 Conference in May was quiet, by previous standards, but they did follow Mines and Money then, whereas they’re first this time.

.

=======

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 no shares in Impact Minerals.

.

.

To read our full terms and conditions, please click HERE

 

 

 




London Mining Conferences are Becoming Identical

City Investors Circle

This week I attended the Mines and Money Conference in London. Normally this would be at the Design Centre, Islington, but this year the venue has changed.

It was held in the former GLC County Hall building alongside Waterloo station, the same venue in fact as the 121 mining conferences, on the same floor even. The similarities didn’t end there either.  {…} 

 

 

.

London Mining Conferences are Becoming Identical s Rivals use the Same Venue

.

 

City Investors Circle – London mining conferences

This week I attended the Mines and Money Conference in London. Normally this would be at the Design Centre, Islington, but this year the venue has changed.

It was held in the former GLC County Hall building alongside Waterloo station, the same venue in fact as the 121 mining conferences, on the same floor even. The similarities didn’t end there either.

The registration area was set up the same, the coffee refreshment area as well, and the only slight difference is the luncheon buffet was not as plentiful or lavish as the 121 conferences.

Lunch was served in those clever compartmentalised boxes also used for the 121 events, and the food was pretty much the same.

Everything was so similar that it was easy to believe one was actually at the 121 conference!

The only small difference was the reduced number of delegates compared to the other show, Mines and Money did seem a little quiet, and there were less booths.

Having said all that I preferred the reduced number of people, it was more relaxed and less hectic compared to 121.

When it first started the 121 format of 121 meetings in booths was a new concept for UK mining shows, although it was pioneered, I believe, by the Denver Gold Group for their Swiss and US shows many years ago.

We have now arrived at the point where the Denver Gold Group, 121, and Mines and Money are all using the same format, so one wonders who will break ranks and design something mold breaking?

 

In the meantime, the Global Mining Finance Summer Conference is about to run in London. This runs in the old traditional way of having a few speaker and corporate presentations, brief Q and A’s, and vibrant networking sessions.

Nice to still have a traditional mining conference, that’s a bit different, even if it’s only because they have not copied someone else’s idea.

.

=======

.

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.

.

.

To read our full terms and conditions, please click HERE

 

 




Mines and Money Conference hit by Covid Variant

City Investors Circle

The London Mines and Money conference opened today in Islington, and was clearly suffering the effects of the new covid scare, as around a dozen booths were empty, and the audience was sparse, compared to first days in recent years.

I feel for the organisers as a couple of weeks ago everything looked good for the show.  […] 

 

Mines and Money notice

 

.

Mines and Money

 

.

The London Mines and Money show suffers because of covid.

The London Mines and Money conference opened today in Islington, and was clearly suffering the effects of the new covid scare, as around a dozen booths were empty, and the audience was sparse, compared to first days in recent years.

I feel for the organisers as a couple of weeks ago everything looked good for the show, as they had more companies than usual, and less service providers.

They have taken covid measures in the catering, and I chose a very tired looking lump of lasagne in a cardboard pot, instead of the very watery looking fish curry. Not great but better than nothing.

The one plus point was that the coffee stations were open all day, rather than in small time slots, ensuring there was no rush, a very sensible move in my opinion.

As an event organiser myself I can testify to the pressure of trying to arrange an event where you hope that people will attend, and it’s really stressful. Mines and Money have been really unlucky that the new variant arrived just before their show.

 

=======

.

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.

 

To read our full terms and conditions, please click HERE