Mining Review 22nd October 2023
The price of gold has reached a record high in Australian dollar terms, at A$3,091.
Orla Mining announced a production guidance increase, and Calidus Resources requested a trading halt due a potential announcement re their Pirra Lithium subsidiary. Continue reading
Orla Mining (TSX: OLA)
Provided an interim operational update for the third quarter ended September 30, 2023.
During Q3 the Camino Rojo Oxide Mine produced and sold 32,425 and 31,060 ounces of gold, respectively. Year to date, Camino Rojo has been performing better than plan and, as a result, the Company is increasing full year gold production guidance to 110,000 to 120,000 Oz Gold. Continue reading
Mining Review 17th September 2023
We initiated coverage of West Red Lake Gold Mines, new owners of the Madsen Mine, formerly owned by Pure Gold Mining, which went into administration, and subsequently delisted from the TSX.V and AIM markets.
Ascot Recources, i-80 Gold, and Karora Resources all reported good drill results in a busy reporting week. Continue reading
Orla Mining (TSX: OLA)
Announced that the Company has amended its existing US$150 million credit facility with its existing syndicate of lenders comprised of The Bank of Nova Scotia, Bank of Montreal, and Canadian Imperial Bank of Commerce. Continue reading
Market Review August 2023
The August 2023 Market Review has been published. It features comments on Karora Resources, Neometals, and Orla Mining, plus news snippets from other companies.
The review also provides market data for commodity prices. Continue reading
Mining Review 16th July 2023
Gold had a better week after poor US employment numbers, base metals were largely positive despite Chinese economic concerns.
Calidus Resources, Cartier Resources, and i-80 Gold all reported good drill results. Continue reading
Orla Mining (TSX: OLA)
Provided an interim operational update for the second quarter ended June 30, 2023.
During the second quarter of 2023, the Camino Rojo Oxide Mine produced and sold 29,058 and 29,773 ounces of gold, respectively. the Company remains on track to meet 2023 annual gold production guidance of 100,000 to 110,000 ounces. Continue reading
Mining Review 25th June
Gold Road Resources was the main talking point this week, losing 15% after issuing reduced guidance, and as a result, inreased AISC.
Gold fell back $30 over the week, after the suprise 0.5% hike in UK base rates. Continue reading
Orla Mining (TSX: OLA)
Updated on its exploration activities at Camino Rojo in the first half of 2023.
Infill drilling to reduce drill spacing to 25-30 metres in the Sulphides domain has continued to return high-grade gold intercepts. Continue reading
Mining Review 11th June 2023
Wesdome Gold Mines confirmed they have suspended activities at their Kiena mine due to the wildfires raging in Canada. Calidus Resources, Maple Gold, Orla Mining and O3 Mining all reported news.
Gold held steady despite more FED rate rise speculation. Continue reading
Orla Mining (TSX: OLA)
The website Mining.com has reported that an activist goup in Panama are to protest against the approval by the Panamanian Ministry of the Environement for the Environmetal Impact Assessment for the Cerro Quema copper gold project in that country. Continue reading
City Investors Circle
The Market Review for May 2023 has been published.
It features a metal price update and names the metl up 74% in May alone, yet is stiull showing a large loss for the year to date.
We feature comments on Oral MIning, Karora Resources, and Silver Tiger Metals. Continue reading
Orla Mining (TSX: OLA)
Announced the results for the first quarter ended March 31, 2023 as well as the partial exercise by Agnico Eagle Mines of its top-up right.
During the first quarter, gold production was 25,910 ounces and gold sold was 26,859 ounces. Continue reading
Mining Review 26th March 2023
The price of lithium continues to crash, and has fallen around 50% from its peak.
Orla Mining and Karora Resources both reported strong financial results last week. Continue reading
Orla Mining (TSX: OLA)
Announced the results for the fourth quarter and year ended December 31, 2022.
Gold production during the fourth quarter was 32,017 ounces and total gold production for 2022 was 109,596 ounces, achieving high end of the increased annual production guidance range of 100,000 to 110,000 ounces. Continue reading
Features the new hot metal so far in 2023, up over 100% in two months, plus comments on Cyprium Metals, i-80 Gold, Japan Gold, Karora Resources, and Orla Mining.. Continue reading
Mining Review 19th February 2023
The early euphoria of the first trading days of 2023 has clearly subsided now, as has the gold price, and share prices of mining companies are sliding .
Calidus Resources, Eloro Resources, Japan Gold, Karora Resources, and Orla Mining made news this week.
I reference “greed creep” in mining conferences. Continue reading
Orla Mining (TSX: OLA)
Provided an update on its 2022 exploration activities on its Cerro Quema Project and an overview of exploration plans for 2023.
The highlight was at the Caballito Deposit, hole CQDH-22-223 gave 0.98% Cu, 0.20 g/t Au over 105.2 m (Sulphide) from 90.4 m. Continue reading
Mining Review 12th February
Gold fell back again for the third week on the trot.
I-80 Gold, Lefroy Exploration, and Orla Mining made positive news this week. Continue reading
