Mining Review 7th December 2025

Mining Review 7th December 2025

A long week of conferences in London as Mining Week 2025 closed on Friday.

I had a few good meetings and a few potential new investments to consider.

 

 

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Mines and Money

 

 

 

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City Investors Circle Mining Review 7th December 2025

 

A long week of conferences in London as Mining Week 2025 closed on Friday, after having three conferences in six days.

The week started with the Northern Miner Symposium (it sounds so much more sophisticated than conference does it not?) at the 121 venue at Houndsditch.

The event is a lot smaller than 121, and set on a different floor. There were around 20 companies exhibiting, so not a great deal of choice, and upon reviewing the list I was in two minds whether to attend at all.

I settled for arranging a few meetings after lunch on the final day, so I arrived just before lunch and then had a full afternoon.

Gunnison Copper enter the hall of infamy for keeping me waiting outside their booth whilst the previous meeting carried on. Meetings were only 15 minutes long, so after waiting for five minutes where I could clearly be seen, I left so as not to waste any more time. If they had a good meeting in progress, at least say so, I wouldn’t have minded.

 

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On the first day of Mines and Money I had a private investor annual lunch to attend, so my first experience was on day 2. Registration was easy, and no queues as it was the second day.

My impression is that it was smaller than last year. I had arranged a good number of meetings to comply with the five meeting free entry rule, although in all honesty there were few companies in the show that got my interest. I am selective these days, there’s no point in wasting everyone’s time if a company’s story doesn’t fit my investment criteria.

I had a few good meetings and a few potential new investments to consider, Dakota Gold being the standout for me.  It has an experienced successful CEO, Rob Quartermain, is located in a tier 1 jurisdiction, the USA, is a former producing gold mine steeped in history and production, is well funded and backed by institutions of the highest calibre.

I am reviewing the other companies I engaged with, and may add one or two to the watchlist. Dakota Gold is going on the Tier 3 watchlist as production is some three years away as it currently stands.

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A list of all the significant news releases from our watchlist companies last week is below, please click on the link to be taken to the full story. 

  Orla Mining Announced a Dividend and Quarterly Dividend Program

  Caprice Resources began Air Core Drilling at The Island Gold Project

  Mines and Money London 2025

  Orla Mining Discovered a High-Grade Oxide Gold at South Carlin

  Barton Gold Reported Broad, High-Grade Assays at ‘S1’ Pit Area

  Northern Miner London Symposium

  Market Review November 2025 Published

 

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Market Data

Weekly Price Changes

(US$ unless stated)

 

 

Metal Prices Price Weekly % change
Gold price in UK £ 3152 1.32%
Gold in AUD$ 6340 0.62%
Gold 4199 -1.29%
Silver 58.49 11.96%
Palladium 1441 -4.25%
Platinum 1650 0.86%
Rhodium 7950 -0.63%
Copper 5.41 5.66%
Nickel 6.68 -0.60%
Zinc 1.46 15.87%
Tin 15.93 0.06%
Cobalt 22.7 43.94%
Lithium 12801 24.12%
Uranium 76 -3.97%
Iron Ore 103.2 -1.71%
Coking Coal 206 7.29%
Thermal coal 108 0.00%

 

 

Click HERE for live Spot Metal Prices 

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City Investors Circle is based 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.

.

Declaration

At the time of writing the author may hold positions in any of the stocks mentioned.

.

To read our full terms and conditions, please click HERE




Orla Mining Discovers High-Grade Oxide Gold at South Carlin

Orla Mining (TSX: OLA; NYSE: ORLA)

Announced results from its 2025 exploration program at the South Carlin Complex in Nevada.

The 18,000-metre drilling campaign delivered significant oxide intercepts outside current pit designs and advanced multiple satellite targets, reinforcing resource growth potential.

Drill Rig at South Railroad

Credits – Orla Mining Ltd.

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Orla Mining TSX : OLA
Stage Development
Metals Gold
Market cap C$6.34 billion   @ C$18.64
Location Mexico + Nevada + Canada 
Website www.orlamining.com

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Vancouver, BC – December 2, 2025 – Orla Mining Ltd. (TSX: OLA; NYSE: ORLA) (“Orla” or the “Company”) is pleased to announce results from its 2025 exploration program at the South Carlin Complex (“South Carlin”) in Nevada.

The 18,000-metre drilling campaign delivered significant oxide intercepts outside current pit designs and advanced multiple satellite targets, reinforcing resource growth potential across the Company’s extensive land package along the prolific Carlin Trend ahead of planned 2028 production. 

Orla is advancing the South Railroad Project (“South Railroad”, or the “Project”), located within the large South Carlin Complex. South Railroad is in final permitting, with an optimized feasibility study due early in the first quarter 2026, construction is expected to begin mid-2026, and first production in 2028.

 

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2025 Exploration Highlights:

Significant Open Pit Expansion Potential Confirmed

  • Drilling intersected significant oxide mineralization 100-130 metres beyond current feasibility pit shells at both Pinion and Dark Star deposits: 
    • Pinion: 67.1 metres at 1.06 g/t Au (oxide), including 36.6 metres at 1.68 g/t Au in hole PR25-05 and 32 metres at 0.94 g/t Au (oxide) in hole PR25-02 demonstrating mineralization extends across the Bullion Fault structure.
    • Dark Star: 22.6 metres at 5.65 g/t Au (oxide), including 5 metres at 15.1 g/t Au (DS25-03) confirming high-grade oxide continuity between the north and south pit shells.

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Satellite Discoveries Advancing

  • Spike Target: Oxide gold confirmed over 1.5 kilometres strike length, 600 metres south of POD-Sweet Hollow, with intercepts including 38.1 metres at 0.80 g/t Au (RR25-05) and 21.3 metres at 0.76 g/t Au (RR25-06).
    • Firebox Target: First hole returned24.4 metres at 1.08 g/t Au (PR25-09, prelim. Fire Assay), confirming an exciting new target 500 metres from Pinion.

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Sylvain Guerard, Senior Vice President, Exploration commented,

“The South Carlin Complex is advancing rapidly and remains early in its exploration life.

 

“These results provide a strong foundation for resource growth that we expect to capture in future studies, and position South Railroad as a cornerstone asset on the Carlin Trend.”– 

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South Carlin Complex District-Scale Opportunity and Just Getting Started

Orla is advancing South Railroad toward production with an optimized feasibility study to be released early in the first quarter 2026 and final construction permits expected in the second quarter 2026.

Full construction is anticipated to begin mid-2026. The 2025 exploration results provide additional upside that may be incorporated into future resource updates and mine planning.

The South Carlin Complex hosts reserves and resources of 1.604 Moz and 1.753 Moz respectively with a projected eight year mine life based on the 2022 Feasibility Study.

Since acquisition, Orla has completed 57,800 metres of drilling in 266 holes, systematically building geological understanding and confirming district-scale potential.

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To read the full news release, please click HERE

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To view Orla Mining’s share latest price and chart, please click HERE

 

The live gold price can be found HERE

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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

.

=======

,

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 Orla Mining.

.




Market Review November 2025 Published

Market Review November 2025 Published

The City Investors Circle 135th Monthly Review has been published for November 2025.

The highlighted company is Endeavour Silver. Other companies mentioned include Orla Mining and Equinox Gold.

 

 

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City Investors Circle Market Review November 2025 Published

The City Investors Circle 135th Monthly Review has been published for November 2025.

The highlighted company is Endeavour Silver.

Other companies mentioned include Orla Mining and Equinox Gold.

The main topic is the nominal all-time high price of silver, and the root causes.

After a brief wobble of the gold and silver prices they have bounced back and producing miners remain around recent highs.

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To read the November 2025 Market Review, please click HERE.

To receive future issues of the Market Review and invitations to our free to attend mining presentations, please email andrew@city-investors-circle.com

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Archive of November’s news releases is listed below, click the link to be taken to the full story.

  Silver Price Hits An All-Time High

  West Red Lake Gold Mines Drills at Fork

  Kaiser Reef to Commence Union Hill Waste Dump Drilling

  Barton Gold Tunkillia Upgrade Drilling Completed

  Heliostar Drills 83.2m Grading 17.35 g/t Gold from 76m

  Horizon Minerals Gold Mining Update

  Mining Review 23rd November 2025

  Mining Conference Week 1 Reviewed

  Swiss Mining Conference

  121 Mining Conference London

  Colonial Coal Continues Talks With Interested Parties

  Pacgold White Lion Drilling Intersects Gold Mineralisation

  Orla Mining Generates $93 Million FCF in Q3

  Omai Gold Drills 20.33 g/t Au over 5.3m and 2.72 g/t Au

  Mining Review 16th November 2025

  G Mining Ventures Reports Strong Q3 2025 Results

  Catalyst Settles Legal Case For The Tandarra Gold Project

  Lefroy to Commence Lucky Strike Gold Production

  Capricorn Grows Mt Gibson Underground Resource

  Meeka Metals Reports 8m @ 14.8g/t Au at Turnberry South

  Pacgold launches restart of White Dam Gold Mine

  Mining Review 8th November 2025

  West Red Lake Gold Confirms High-Grade Gold in Lower Austin

  Equinox Gold Delivers Record Q3 Production and Revenue

  Wesdome Intersects New Zone at Kiena’s Dubuisson Deposit

  Horizon Minerals Notice Of Share Consolidation

  Omai Gold Drills 20.33 g/t Au over 5.3m at Wenot

  Western Gold Grade Control Supports Mine Decision

  New Murchison Gold Complete Strong Production Ramp Up

  Mining Review 2nd November 2025

  Market Review September 2025

 

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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

.

=======

,

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 may hold shares in some or all of the companies mentioned

.

To read our full terms and conditions, please click HERE




Orla Mining Generates $93 Million FCF in Q3

Orla Mining (TSX: OLA; NYSE: ORLA)

Announced the results for the third quarter September 30, 2025. 

Orla generated $93 million in free cash flow.

 

 

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Orla Mining

 

 

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Orla Mining TSX : OLA
Stage Development
Metals Gold
Market cap C$5.78 billion   @ C$17.01
Location Mexico + Nevada + Canada 
Website www.orlamining.com

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Orla Mining generates record $93 million in free cash flow for quarter

 

 

Vancouver, BC – November 11, 2025 – Orla Mining Ltd. (TSX: OLA; NYSE: ORLA) (“Orla” or the “Company”) today announces the results for the third quarter September 30, 2025. 

 

(All amounts expressed in U.S. dollars unless otherwise stated)

Third Quarter 2025 Summary

  • Third quarter gold production of 79,645 ounces and total quarterly gold sold of 78,857 ounces, generating $275.0 million in revenue. 
  • Third quarter all-in sustaining cost¹ (“AISC”) was $1,641 per ounce of gold sold. Year to date AISC of $1,420 per ounce of gold sold.
  • Net income for the third quarter was $49.3 million or $0.15 per share
  • Adjusted earnings1 for the third quarter were $73.0 million or $0.22 per share.
  • Cash flow from operating activities before changes in non-cash working capital during the third quarter was $113.1 million.
  • Exploration and project expenditure1 was $38.8 million during the quarter, of which $12.8 million was expensed and $26.0 million was capitalized.
  • Musselwhite initial exploration results confirm a potential two-kilometre extension of the mine’s main gold trend indicating substantial potential to extend mine life and increase production.
  • The Company experienced a pit wall event at Camino Rojo on July 23rd resulting in an operational pause and mine resequencing. The stabilization plan is currently on track and Orla reaffirms its revised production and cost guidance of 265,000 to 285,000 ounces of gold production and AISC of $1,350 to $1,550 per ounces of gold sold.
  • The Company ended the quarter with $326.9 million in cash and $420.0 million in debt, resulting in $93.1 million in net debt1 and $356.9 million in liquidity1

 

 

 

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– Jason Simpson, President and Chief Executive Officer of Orla 

“Orla delivered strong results in the third quarter, achieving a record $93 million in free cash flow1 and strengthening our balance sheet.

 

“This performance positions the Company to self-fund the next stage of growth at South Railroad, consider return of capital initiatives, and underscores the quality of our assets and execution. 

 

“While the quarter also brought its challenges, I’m proud of our team’s resilience and focus in navigating them. As we move toward year-end, we remain committed to finishing strong, targeting the upper end of our production guidance, and advancing our key growth projects — further reinforcing Orla’s standing as the emerging producer of choice.” 

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To read the full news release, please click HERE

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To view Orla Mining’s share latest price and chart, please click HERE

 

The live gold price can be found HERE

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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

.

=======

,

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 Orla Mining.

.




    Market Review September 2025

    Market Review September 2025

    The highlighted company is Heliostar Metals (TSX.V: HSTR).

    After a volatile month for the price of gold, our Tier 1 watchlist companies rose an average of 3% with seven risers and one even out of ten companies. Galiano Gold was the highest riser, and we feature the significant news from companies on our watchlists.

     

     

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    Galiano Gold

    Abore Gold Mine – Credits Galiano Gold

     

     

     

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    City Investors Circle Market Review September 2025

     

    City Investors Circle has published the Market Review for October 2025

     

    The highlighted company is Heliostar Metals (TSX.V: HSTR).

     

    After a volatile month for the price of gold, our Tier 1 watchlist companies rose an average of 3% with seven risers and one even out of ten companies. Galiano Gold was the highest riser, and we feature the significant news from companies on our watchlists.

    Both Orla Mining and G Mining Ventures reported strong production and revenue during their Q3 reporting period.

    Additions to the watchlist Tier 2 are Erdene Resource Development, Silver Storm Mining, and Western Gold Resources.

    Aris Mining was moved into the Tier 1 watchlist after performing well and growing production in Colombia.

    i-80 Gold was deleted from the watchlists after not performing as I had hoped. Minera Alamos is under review for deletion for the same reason.

     

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    Almost all metal prices increased during October, despite the volatility. Gold and silver rose 6%, 8% in UK pounds sterling terms, after the pound fell v the US dollar. This is a good reason for having investments quoted in other currencies, given the current lack of faith in the Labour government.

    Copper reached an all-time high price of $5.15, and tungsten remains the metal that has increased in price the most in 2025 so far, up 95% year to date.

     

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    We feature top slicing or trimming from companies that have performed well but growth has slowed as they mature and investing in newer exciting companies that look to enter an exciting growth phase.

     

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    To read the October 2025 Market Review, please click HERE.

    To receive future issues of the Market Review and invitations to our free to attend mining presentations, please email andrew@city-investors-circle.com

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    Archive of October’s news releases is listed below, click the link to be taken to the full story.

      Meeka Metals Reports Strong Grades in First Underground Ore

      Catalyst Metals Intersected 7.4 GPT of Gold at Cinnamon

      Barton Gold Tunkilia Drilling Ahead Of Schedule

      Kaiser Reef Announces High-Grade Gold at Union Hill

      Barton Gold Starts Geotechnical Drilling at Central Gawler Mill

      Mining Review 26th October 2025

      Wesdome Announces Q3 2025 Results and Record Quarterly Production

      Kaiser Reef Increase Henty Reserves by 29%

      G Mining Ventures Approves Oko West Construction

      Ora Banda Mining Reports Record Revenue and Production

      Horizon Minerals Boosted by Spectacular Gold Grades

      Catalyst Advances Four Eagles With Exploration Tunnel Approval

      Mining Review 19th October 2025

      Capricorn Increases Warriedar Acquisition Consideration

      Meeka Reports Thick, High-Grade Gold in First Drill at Turnberry North

      Orla Mining Reports Strong Q3 Gold Production from Musselwhite

      G  Mining Ventures Reports Record Q3 2025 Production

      Kaiser Reef Production Update Quarter ending September 2025

      Minerals 260 Reports Thick, Shallow high-grade Gold Intercepts

      Mining Review 12th October 2025

      Pacgold Raises Funds to Acquire The White Dam Gold Mine

      Barton Gold Trading Halt

      G Mining Ventures Secures Financing to Construct Oko West

      Capricorn Metals Confirm 4 m Ounces of Gold Reserves

      Orla Mining Discovers Potential 2 KM Extension at Musselwhite 

      Pacgold Announce Transformational Acquisition

      Erdene Resource Development Zuun MRE Update

      Mining Review 5th October 2025

      Cornish Metals Updates The PEA Of The South Crofty Tin Mine

      Pacgold Halted Pending Announcement of a Project Acquisition

      G Mining Ventures Receives Approval of SUDAM Tax Incentive

      New Murchison Gold Announce a Strong Start at Crown Prince

      Market Review September 2025 Published

     

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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.

    .

    Disclosure

    At the time of writing the author may hold shares in some or all of the companies mentioned

    .

    To read our full terms and conditions, please click HERE




    Mining Review 26th October 2025

    Mining Review 26th October 2025

    Ora Banda Mining and Wesdome Gold recorded solid production and record revenue for a quarter.

    Kaiser Reef increased Henty reserves by 29%

     

     

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    Kaiser Reef

    Henty Gold mine, Tasmania – Credits Kaiser Reef

     

     

     

    City Investors Circle Mining Review 26th October 2025

    Ora Banda Mining and Wesdome Gold recorded solid production and record revenue for a quarter.

    Kaiser Reef increased Henty gold reserves by 29%

    It was a nervy week for those of us invested in precious metal stocks as the price of gold fell and then rebounded, causing large drops and swings in many stock prices, even solid producing miners.

    I’m not convinced the volatility has gone, and some market participants have reduced or sold their holdings predicting a top, but I’m not good at trading so I’m holding my positions and intend to ride out the volatility and emerge stronger once it’s over.

     

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    A list of all the significant news releases from our watchlist companies last week is below, please click on the link to be taken to the full story. 

      Wesdome Announced Q3 2025 Results and Record Quarterly Production

      Kaiser Reef Increased Henty Reserves by 29%

      G Mining Ventures Approved The  Oko West Mine Construction

      Ora Banda Mining Reported Record Revenue and Production

      Horizon Minerals Boosted by Spectacular Gold Grades

      Catalyst Metals  Advanced Four Eagles With Exploration Tunnel Approval

      Mining Review 19th October 2025

     

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    Market Data

    Weekly Price Changes

    (US$ unless stated)

     

    Metal Prices 261025 Weekly % change
    Gold price in UK £ 3091 4.83%
    Gold in AUD$ 6348 3.85%
    Gold 4115 5.22%
    Silver 48.76 4.50%
    Palladium 1410 7.97%
    Platinum 1600 2.69%
    Rhodium 8050 14.46%
    Copper 5.15 -1.27%
    Nickel 6.92 -1.33%
    Zinc 1.37 0.71%
    Tin 16.04 -3.77%
    Cobalt 15.77 0.06%
    Lithium 10684 2.97%
    Uranium 76.5 1.82%
    Iron Ore 105.2 -0.95%
    Coking Coal 192.3 1.04%
    Thermal coal 108 0.93%

     

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    Click HERE for live Spot Metal Prices 

     

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    .

    City Investors Circle is based 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.

    .

    Declaration

    At the time of writing the author may hold positions in any of the stocks mentioned.

    .

    To read our full terms and conditions, please click HERE




    Mining Review 19th October 2025

    Mining Review 19th October 2025

    G Mining Ventures and Orla Mining both declared record production and revenue.

    Gold lost 3% on Friday causing producing miners to correct sharply.

     

     

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    Orla Mining

    Credits – Orla Mining

     

     

     

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    City Investors Circle Mining Review 19th October 2025

     

     

     

    Mining Review 19th October 2025 

    G Mining Ventures and Orla Mining both declared record production and revenue.

    Meeka Metals and Minerals 360 both reported thick,  high-grade gold intercepts in their latest drill programs in Western Australia.

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    Gold lost 3% on Friday causing some producing miners to correct sharply, despite still finishing the week 6% up. Silver rose nearly 5% during the week, whilst most industrial metals trod water or fell backwards slightly.

    Tungsten remains the metal that has risen the most in percentage terms in 2025.

    Archives

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    A list of all the significant news releases from our watchlist companies last week is below, please click on the link to be taken to the full story. 

    Capricorn Increased the Warriedar Acquisition Consideration

    Meeka Metals Reported Thick, High-Grade Gold in First Drill at Turnberry North

    Orla Mining Reported Strong Q3 Gold Production from Musselwhite

    G  Mining Ventures Reported Record Q3 2025 Production

    Kaiser Reef Production Update Quarter ending September 2025

    Minerals 260 Reported Thick, Shallow high-grade Gold Intercepts

    Mining Review 12th October 2025

     

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    Market Data

    Weekly Price Changes

    (US$ unless stated)

     

    Metal Prices 191025 Weekly % change
    Gold price in UK £ 3167 5.08%
    Gold in AUD$ 6311 4.00%
    Gold US$ 4254 5.51%
    Silver 52.24 4.71%
    Palladium 1505 8.66%
    Platinum 1636 2.76%
    Rhodium 8300 16.90%
    Copper 4.74 -1.25%
    Nickel 6.77 -1.31%
    Zinc 1.41 0.71%
    Tin 15.92 -3.63%
    Cobalt 15.77 0.06%
    Lithium 10313 3.06%
    Uranium 79.14 1.85%
    Iron Ore 105 -0.94%
    Coking Coal 192 1.05%
    Thermal coal 108 0.93%
    Metal ETFs Price Weekly % change
    GLD 391 5.68%
    GDX 79 3.95%
    GDXJ 105 6.06%
    Sil 75 5.63%
    SILJ 25.24 8.00%
    GOEX  (PCX) 73 5.80%
    URA 54 3.85%
    COPX  63 5.00%
    HUI  637 3.92%
    Gold / Silver ratio 81.43 0.76%

     

     

    .

    Click HERE for live Spot Metal Prices 

    .=======

    .

    City Investors Circle is based 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.

    .

    Declaration

    At the time of writing the author may hold positions in any of the stocks mentioned.

    .

    To read our full terms and conditions, please click HERE




    Orla Mining Reports Strong Q3 Gold Production from Musselwhite

    Orla Mining Ltd. (TSX: OLA; NYSE: ORLA)

    Provided an operational update for the third quarter ended September 30, 2025.

    Orla is on track to achieve revised annual consolidated production guidance of 265,000 to 285,000 ounces of gold.

     

     

    .

    Orla Mining

    Credits – Orla Mining

     

     

    .

    Orla Mining TSX : OLA
    Stage Development
    Metals Gold
    Market cap C$6.23 billion   @ C$19.12
    Location Mexico + Nevada + Canada 
    Website www.orlamining.com

    .

    Orla Mining Reports Strong Gold Production from Musselwhite in Third Quarter

    Company on track to achieve revised production guidance

     

    ,

    Vancouver, BC – October 14, 2025 – Orla Mining Ltd. (TSX: OLA; NYSE: ORLA) (“Orla” or the “Company”) is pleased to provide an operational update for the third quarter ended September 30, 2025. Orla is on track to achieve revised annual consolidated production guidance of 265,000 to 285,000 ounces of gold.

    (All amounts expressed in millions of US dollars, as at September 30, 2025, and are unaudited)

    .

    .

    Jason Simpson, President and Chief Executive Officer, Orla Mining

    “With pit stabilization at Camino Rojo progressing well and integration at Musselwhite advancing smoothly, both operations are performing well.

     

    “We are now on track to achieve the high end of our revised production guidance.”

     

     

     

    Musselwhite Operations

    During the quarter, Musselwhite mined 325,923 tonnes of ore and processed 329,634 tonnes at a mill head grade of 5.87 g/t gold. Gold recovery was 95.3% resulting in gold production of 57,586 ounces.

     

    Liquidity Position

    At September 30, 2025, Orla’s cash and debt positions were $326.9 million and $420.0 million, respectively resulting in a net debt position of $93.1 million².

    .

    To read the full news release, please click HERE

    .=======

     

    To view Orla Mining’s share latest price and chart, please click HERE

     

    The live gold price can be found HERE

    .

    =======

    .

    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 Orla Mining.

    .

     




    Orla Mining Discovers Potential 2 KM Extension at Musselwhite 

    Orla Mining (TSX: OLA; NYSE: ORLA)

    Announced a major exploration success at the Musselwhite Mine in north western Ontario, with drilling confirming a potential two-kilometre extension of the mine’s main gold trend beyond current resources.

    Deep directional drilling has intersected high-grade gold mineralization 1.6 kilometres along strike

     

     

    .

    Orla Mining

    Orla Mining  Musselwhite gold mine map – Courtesy of Orla Mining

     

    Orla Mining Discovers Potential Two-Kilometre Extension at Musselwhite 

    .

    Vancouver, BC – Oct 6, 2025 – Orla Mining Ltd. (TSX: OLA; NYSE: ORLA)(“Orla” or the “Company”) announces major exploration success at the Musselwhite Mine in north western Ontario, with drilling confirming a potential two-kilometre extension of the mine’s main gold trend beyond current resources.

    .

    Key Discovery Highlights:

    • Mine Trend Extension Confirmed: Deep directional drilling has intersected high-grade gold mineralization 1.6 kilometres along strike from current operations, including 4.1 metres at 15.1 g/t Au with visible gold observed. Favourable geology continues an additional 400 metres, suggesting the trend may extend up to two kilometres beyond existing resources.
    • Underground Resource Growth: High-grade intersections in active mining areas support ongoing resource replacement and expansion efforts, including 10.1 metres at 27.2 g/t Au and 15.7 metres at 6.89 g/t Au.
    • Near-Mine Satellite Potential: Surface drilling within 10 kilometres of the mill has identified multiple targets for potential open-pit satellite deposits, advancing medium-term feed sources.

    .

    Strategic Significance:

    Musselwhite has produced over 6 million ounces of gold during its 28-year operating history and currently hosts 1.5 million ounces of proven and probable reserves.

    These exploration results indicate substantial potential to extend mine life and increase production from one of Canada’s longest-operating gold mines.

    .

    Sylvain Guerard, Orla’s Senior Vice President, Exploration commented,

    .

    “These results validate our investment thesis for Musselwhite ”

     

    “This is a rare, high-quality asset with the geological continuity to support decades of additional production.

     

    “We’ve confirmed high-grade mineralization extends far beyond current resources, positioning us for significant resource growth.”–       

     

    .  

    $25 Million Exploration Program Delivering Results:

    Following Orla’s acquisition from Newmont Corporation in February 2025, the Company launched an aggressive two-year exploration program designed to accomplish the following:

    1. Test Mine Trend Extensions: Deep directional surface drilling to test the down-plunge extension of the Mine Trend one kilometre beyond historical surface drilling (11,000 metres).
    2. Replace and Expand Underground Resources: Underground drilling for reserve, resource, and inventory definition to support production and growth (38,000 metres).
    3. Identify Satellite Deposits:Near-mine surface drilling to evaluate targets for potential shallow open-pit satellite deposits within a 10 km-radius of the mill (6,500 metres).

    .

    The 2025 program is approximately 65% complete, with drilling continuing through year-end using four surface and four underground diamond rigs. The program is focused on defining the extent and continuity of mineralization across priority zones, particularly along the Mine Trend extension, with the objective of establishing sufficient geological confidence to consider opportunities that increase annual gold production. 

    .

    To read the full news release, please click HERE

    .=======

    The live gold price can be found HERE

    .

    =======

    .

    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 Orla Mining.

    .

     




    Mining Review 21st September 2025

    Mining Review 21st September 2025

    Equinox Gold celebrated the pouring of the first gold at their newly completed Valentine gold mine in Newfoundland.

    Minerals 260 reported high grade drill intercepts and new targets.

     

     

    .

    Benz Mining

    Glenburgh project map – Courtesy of Benz Mining

     

     

    .

     

    City Investors Circle Mining Review 21st September 2025

     

    Mining Review 21st September 2025

    Equinox Gold celebrated the pouring of the first gold at their newly completed Valentine gold mine in Newfoundland. This has given the shares a small boost, after the recent 41% increase during the last month.

    Equinox is now in a position to exploit a gold price it could never have imagined during the contruction of their recent new mines, and therefore one hopes that they will focus on debt repayment whist the sun is still shining on the gold price.

    Minerals 260 reported high grade drill intercepts and new targets. The share price has also moved strongly during the last month, up 70.83%. The presense of veteran Australian mining entrepreneur Tim Goyder on the management team ensures investor focus and a degree of confidence here.

     

    Orla Mining shares took a 5% hit after Newmont anounced they had divested 43 million shares in the company, closely following Agnico Eagle’s announcement that they had sold their entire Orla holding of 38 million shares.

    The share price has fallen from a recent high of C$17.60 to C$14.44, so I’m considering whether this might represent an opportunity after the market has absorbed this huge volume of selling within ten days.

     

    ——-

     

    Archives

    image_pdfimage_print

    ——-

    A list of all the significant news releases from our watchlist companies last week is below, please click on the link to be taken to the full story.

    Barton Gold Resource Upgraded Drilling Begins at Tunkillia

    Initiating Coverage – Benz Mining

    Equinox Gold Delivered First Gold at its Valentine Gold Mine

    Orla Mining Stake Sold By Agnico Eagle

    West Red Lake Gold Mines Announced a $30 Million Bought Deal

    Minerals 260 Reported High-grade intercepts and new targets

    Mining Review 14th September 2025

     

    ——-

    Market Data

    Weekly Price Changes

    (US$ unless stated)

    Metal Prices Price Weekly % change
    Gold price in UK £ 2737 1.60%
    Gold in AUD$ 5591 1.65%
    Gold 3687 1.18%
    Silver 43.26 2.46%
    Palladium 1157 -5.01%
    Platinum 1391 -0.57%
    Rhodium 7025 -1.40%
    Copper 4.49 -2.18%
    Nickel 6.84 -2.01%
    Zinc 1.34 0.00%
    Tin 15.85 0.70%
    Cobalt 15.13 0.07%
    Lithium 10094 3.42%
    Uranium 77 0.92%
    Iron Ore 113 -0.18%
    Coking Coal 188 0.53%
    Thermal coal 108 5.88%
    Metal ETFs Price Weekly % change
    GLD 339 1.19%
    GDX 72 2.86%
    GDXJ 92 2.22%
    Sil 66.52 1.02%
    SILJ 21 2.44%
    GOEX  (PCX) 64 3.23%
    URA 49.93 18.88%
    COPX  53.5 0.94%
    HUI  577.67 3.34%
    Gold / Silver ratio 85.23 -1.25%

     

    .

    Click HERE for live Spot Metal Prices 

     

    .=======

    .

    City Investors Circle is based 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.

    .

    Declaration

    At the time of writing the author may hold positions in any of the stocks mentioned.

    .

    To read our full terms and conditions, please click HERE




    Orla Mining Stake Sold By Agnico Eagle

    Orla Mining (TSX: OLA)

    Agnico Eagle Mines sold 38,002,589 common shares of Orla Mining (OLA) to multiple buyers at a price of $14.75 per share realizing $560,538,188.

    Agnico no longer has a holding in OLA.

     

     

    .

    Orla Mining Camino Rojo plant

    Heap leach pad, Solution pond, and Merrill-Crowe plant – Credits Orla Mining

     

     

    .

    Orla Mining TSX : OLA
    Stage Development
    Metals Gold
    Market cap C$5.16 billion   @ C$15.85
    Location Mexico + Nevada + Canada 
    Website www.orlamining.com

     

     

    .

    Orla Mining Stake Sold By Agnico Eagle

     

    .

    Orla Mining (TSX: OLA)

    Agnico Eagle Mines sold 38,002,589 common shares of Orla Mining to multiple buyers at a price of $14.75 per share realizing $560,538,188.

    Agnico no longer has a holding in Orla Mining.

    .

    To read the full news release, please click HERE

     

    .=======

     

    The live gold price can be found HERE

    .

    =======

    .

    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 Orla Mining.

    .




    Mining Review 24th August 2025

    Mining Review 24th August 2025

    Equinox Gold delivered a solid quarter’s results, prior to the commencement of gold production at their Valentine Mine later this year.

    Catalyst Metals announced a new gold discovery outside the existing resource envelope.

     

     

    .

    Equinox Gold

    Credits – Equinox Gold Corp.

    Archives

    image_pdfimage_print
    City Investors Circle Mining Review 24th August 2025
    .

    Equinox Gold delivered a solid quarter’s results, prior to the commencement of gold production at their Valentine Mine later this year.

    Catalyst Metals announced a new gold discovery outside the existing resource envelope.

    Small cap explorer Pacgold signed an agreement to acquire the St. George antimony / Gold project in a surprise announcement. I would prefer they focused on the present project rather than diversify and have to try and run two projects simultaneously, which divides precious funds and will require more fundraising.

    ——-

    A list of all the significant news releases from our watchlist companies last week is below, please click on the link to be taken to the full story.

    Pacgold Farm In Agreement to acquire St George Gold-Antimony Project

    Kaiser Reef Issued a Clarification Statement

    Awalé Expands Systematic Exploration Over Highly Prospective Land

    Ora Banda Mining Diggers and Dealers Presentation

    Catalyst Metals Makes Intercepts outside Trident’s Resource envelope

    Equinox Gold Delivered a Solid Q2 2025 Financial and Operating Results

    Orla Mining Reached a Major Milestone in Nevada with NOI

    Mining Review 17th August 2025

    .

    ——-

     

    Market Data

    Weekly Price Changes

    (US$ unless stated)

    Metal Prices 240825 Weekly % change
    Gold price in UK £ 2498 1.38%
    Gold in AUD$ 5218 1.79%
    Gold 3374 1.11%
    Silver 39.16 2.84%
    Palladium 1122 0.72%
    Platinum 1351 1.05%
    Rhodium 7475 -0.33%
    Copper 4.628 1.02%
    Nickel 6.81 -1.16%
    Zinc 1.27 0.00%
    Tin 15.16 -0.13%
    Cobalt 15.12 0.00%
    Lithium 11348 -0.60%
    Uranium 73.3 0.96%
    Iron Ore 110 -0.27%
    Coking Coal 189.3 -0.63%
    Thermal coal 111 1.37%

     

    .

    .Click HERE for live Spot Metal Prices 

    .=======

    .

    City Investors Circle is based 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.

    .

    Declaration

    At the time of writing the author may hold positions in any of the stocks mentioned.

    .

    To read our full terms and conditions, please click HERE




    Orla Mining Reaches Major Milestone in Nevada with NOI

    Orla Mining  (TSX: OLA; NYSE: ORLA)

    Announced that the U.S. Department of the Interior Bureau of Land Management (has published the Notice of Intent for the South Railroad Project.

    South Railroad is located in Nevada, USA and forms part of the Company’s larger South Carlin Complex land package located on the prolific Carlin Trend.

     

     

    .

    Orla Mining

    South Carling complex – Courtesy of Orla Mining

     

     

    .

     

     

    .

    Orla Mining TSX : OLA
    Stage Development
    Metals Gold
    Market cap C$4.4 billion   @ C$13.35
    Location Mexico + Nevada + Canada 
    Website www.orlamining.com

     

     

    .

     

     

    Orla Mining Reaches Major Milestone in Nevada with Notice of Intent for South Railroad Project 

     

    Company Working with Cooperating Agencies to Fast-Track Timeline to Construction

    .

    Vancouver, BC – August 13, 2025 – Orla Mining Ltd. (TSX: OLA; NYSE: ORLA) (“Orla” or the “Company”) is pleased to announce that the U.S. Department of the Interior Bureau of Land Management (“BLM”) has published the Notice of Intent (“NOI”) for the South Railroad Project (“South Railroad” or the “Project”) in the Federal Register.

    South Railroad is located in Nevada, USA and forms part of the Company’s larger South Carlin Complex (“South Carlin”) land package located on the prolific Carlin Trend. 

    The publication of the NOI represents a major milestone in the federal permitting process, as it formally initiates the process to complete the National Environmental Policy Act (“NEPA”) review and preparation of an Environmental Impact Statement by the BLM. Following receipt of all required state and federal permits, anticipated within 12 months, onsite construction can begin. The Company will seek opportunities to accelerate timeline to construction, where possible.

     

     

    .

    –Jason Simpson, President and Chief Executive Officer of Orla

    “The publication of the Notice of Intent marks a significant milestone for our South Railroad project, continuing the process towards receipt of final permits.

     

    “South Railroad is the next pillar in Orla’s organic growth strategy toward annual gold production of 500,000 ounces.

     

    “We thank the BLM, the Secretary of the Interior Burgum, and the US Administration for their continued support of American mineral development and production.

     

    “We will work with our cooperating agencies to fast-track the timeline to onsite construction start, and ultimately first gold production.”

     

    .

    South Railroad, 100% owned by Orla, is a low-complexity, feasibility-stage heap leach project. Orla plans to provide an update to South Carlin’s mineral resource, mineral reserve estimate, and feasibility study for the Project in the fourth quarter 2025.

    The South Carlin Complex is located on a prospective 25,000-hectare land package, on the Carlin Trend, which provides opportunities for resource growth and new discoveries.

    The Company has already commenced detailed project engineering and will begin ordering long lead equipment this year to de-risk project development in anticipation of final permits in 2026. The Company has secured sufficient sage grouse credits and has outlined strategies to secure water rights needed for construction, operations, and reclamation.  

    Additional detail from the Bureau of Land Management available here:

    .

    To read the full news release, please click HERE

    =======

    .

    The live gold price can be found HERE

    .

    =======

    .

    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 Orla Mining.

    .

     




    Orla Mining Reports Q2 2025 Financial Results

    Orla Mining (TSX: OLA; NYSE: ORLA)

    Announced the results for the second quarter ended June 30, 2025.

    Record quarterly gold production of 77,811 ounces and total quarterly gold sold of 78,911 ounces, at AISC of $1,421 per ounce of gold sold. Year to date AISC is $1,260 per ounce of gold sold.

     

     

    .

    Orla Mining

    Orla Mining – Musselwhite Gold Mine – Credits Orla Mining

     

     

    .

     

     

    .

    Orla Mining TSX : OLA
    Stage Development
    Metals Gold
    Market cap C$4.4 billion   @ C$13.35
    Location Mexico + Nevada + Canada 
    Website www.orlamining.com

     

     

    .

     

    Orla Mining Reports Second Quarter 2025 Financial Results

    Vancouver, BC – August 11, 2025 – Orla Mining Ltd. (TSX: OLA; NYSE: ORLA) (“Orla” or the “Company”) today announces the results for the second quarter ended June 30, 2025.

    (All amounts expressed in U.S. dollars unless otherwise stated)

    Second Quarter 2025 Summary

    • Record quarterly gold production of 77,811 ounces and total quarterly gold sold of 78,911 ounces (pre-released).
    • Second quarter all-in sustaining cost¹ (“AISC”) was $1,421 per ounce of gold sold. Year to date AISC was $1,260 per ounce of gold sold.
    • Net income for the second quarter was $48.2 million or $0.15 per share
    • Adjusted earnings¹ for the second quarter were $64.2 million or $0.20 per share.
    • Cash flow from operating activities before changes in non-cash working capital during the second quarter was $102.7 million.
    • Exploration and project expenditure¹ was $32.3 million during the quarter, of which $22.9 million was capitalized and $9.4 million was expensed.
    • The Company experienced a pit wall event at Camino Rojo on July 23rd. The mine has started the work on the action plan, including a 50–80 metre pushback of the north wall with a redesigned slope and continuous monitoring. As a result of the operational pause and mining resequencing at Camino Rojo, Orla updated annual consolidated guidance to 265,000 to 285,000 ounces of gold production and AISC of $1,350 to $1,550 per ounces of gold produced.
    • The Company ended the period with $215.4 million in cash and $420.0 million in debt after paying $30.0 million towards its revolving credit facility during the quarter.

     

     

    .

    – Jason Simpson, President and Chief Executive Officer of Orla. 

    “The second quarter marked another record production period for Orla, supported by strong contributions from Musselwhite.

     

    “However, the pit wall event at Camino Rojo on July 23rd was an operational setback.

     

    “Thanks to proactive geotechnical monitoring systems, no injuries occurred, and no equipment was damaged.

     

    “While the temporary suspension of in-pit operations poses a short-term challenge for what has otherwise been a consistently strong-performing mine, the benefits of Orla’s diversified production base are clear.”  

    .

    ——-

     

    To read the full news release, please click HERE

    .

    ——-

    .

    The live gold price can be found HERE

    .

    =======

    .

    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 Orla Mining.

    .




    Mining Review 10th August 2025

    Mining Review 10th August 2025

    Donald Trump caused chaos in the gold market this week with an announcement to tariff gold imports into the USA.

    Orla mining updated on the Camino Rojo mine pit wall collapse, and Ora Banda Mining announced a high-grade gold strike.

     

     

    .

    Meeka Metals

    Photo courtesy of Meeka Metals

     

     

    City Investors Circle Mining Review 10th August 2025

     

    .

    Mining Review 10th August 2025

    Donald Trump caused chaos in the gold market this week with an announcement to tariff gold imports into the USA. This would impact Swiss refiners. An excellent synopsis can be read HERE.

    This seems designed to hit Switzerland it what looks like a personal attack on the country, and at the time of writing the US government is stating it will issue an “clarification” soon.

    ——-

     

    Orla mining updated on the Camino Rojo mine pit wall collapse, with a lowered productio guidance of 5% and a slight increase in AISC. It could have been worse!

    Ora Banda Mining announced a high-grade gold strike, which did nothing to lift the depressed share price after the recent lowered production and costs guidance. They seem a hard to please bunch down under, OBM is trading at a tad over 50% from it’s high for a relatively small miss.

    West Red Lake Gold Gold Mines gave out a decent update, but again did nothing to help a share price that lost momentum when the sad news of a fatality in the mine was released recently.

    An interesting story to emerge from the Australian media is that Meeka Metals were knocked back in a bid to acquire New Murchison Gold.

    ——

    .
    A list of all the significant news releases from our watchlist companies last week is below, please click on the link to be taken to the full story.

     Caprice Metals Announced a High-Grade Gold Discovery

      West Red Lake Gold Mines Provided a Madsen Mine Operations Update

      Ora Banda Mining Expanded Little Gem High-Grade Strike to Over 1KM

      Orla Mining Provided an Update on Pit Wall Event at Camino Rojo

      Kaiser Reef continues profitable operations – Period Ending 31 July 2025

      New Murchison Gold Knocked Back an Offer From Meeka Metals

      Mining Review 3rd August 2025

    ,

    ——-

    Market Data

    Weekly Price Changes

    (US$ unless stated)

    .

    .

    Metal Prices Price Weekly % change
    Gold price in UK £ 2532 -0.08%
    Gold in AUD$ 5188 -0.10%
    Gold 3398 1.01%
    Silver 38.2 2.99%
    Palladium 1125 -6.64%
    Platinum 1329 1.06%
    Rhodium 7005 0.07%
    Copper 4.46 0.90%
    Nickel 6.86 2.24%
    Zinc 1.28 4.92%
    Tin 15.3 8.66%
    Cobalt 15.76 0.00%
    Lithium 9983 5.05%
    Uranium 72.25 1.05%
    Iron Ore 110 0.92%
    Coking Coal 193.5 3.48%
    Thermal coal 115 -2.13%
    Metal ETFs Price Weekly % change
    GLD 313 1.26%
    GDX 58 10.58%
    GDXJ 72 10.72%
    Sil 54 13.49%
    SILJ 16.74 15.13%
    GOEX  (PCX) 49 12.62%
    URA 40 4.66%
    COPX  46 7.60%
    HUI  473 10.16%
    Gold / Silver ratio 88.95 -1.92%

    .Click HERE for live Spot Metal Prices 

    .=======

    .

    City Investors Circle is based 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.

    .

    Declaration

    At the time of writing the author may hold positions in any of the stocks mentioned.

    .

    To read our full terms and conditions, please click HERE

     

     

     




    Orla Mining Provides Update on Pit Wall Event at Camino Rojo

    Orla Mining (TSX: OLA; NYSE: ORLA)

    Provided a status update on the recent pit wall event that occurred at its Camino Rojo Oxide Mine in Zacatecas, Mexico. 

    Camino Rojo experienced an uncontrolled material movement on the north wall on July 23rd resulting in no injuries or equipment damage.

     

     

    .

    Orla Mining project panoramic view and location map

    Orla Mining project panoramic view and location map – Zacatecas State, Mexico – Credits Orla Mining Ltd.

     

     

    .

     

     

    .

    Orla Mining TSX : OLA
    Stage Development
    Metals Gold
    Market cap C$4.4 billion   @ C$13.35
    Location Mexico + Nevada + Canada 
    Website www.orlamining.com

     

     

    .

    Comment

    Well I have to admit I’m happy and relieved with today’s news release and the small fall in share price.

    It could have been worse, and to be honest I thought it might be.

    The company have approached this in the right way, and been open and transprent with shareholders, which is the correct and professional way to handle such a situation.

    Management deserve credit for their conduct throughout a tough few days in my opinion.

     

     

    Orla Mining Provides Update on Pit Wall Event at Camino Rojo

    Vancouver, BC – August 5, 2025 – Orla Mining Ltd. (TSX: OLA; NYSE: ORLA) (“Orla” or the “Company”) is providing a status update on the recent pit wall event that occurred at its Camino Rojo Oxide Mine in Zacatecas, Mexico.

    Action plan in place to resume in-pit access, annual guidance updated 

     

    Summary Detail 

    • Pit wall event: Camino Rojo experienced an uncontrolled material movement on the north wall on July 23rd resulting in no injuries or equipment damage.
    • Assessment: A geotechnical assessment, supported by third party consultants, has been ongoing which has informed an action plan and safe restart of mining.
    • North wall stabilization: A 50–80 metre pushback of the north wall is planned, with a redesigned slope and continuous monitoring to ensure safe operating conditions. Approximately 9.0 Mt of predominantly oxidized material (1:0.9 strip ratio, 0.74 g/t au) is expected to be removed and then crushed and stacked on the heap leach from the north wall.
    • No material was lost or sterilized in the pit wall event but rather the update to 2025 guidance is attributed to a deferral of production at Camino Rojo due to grade and recovery mix.

     

     

    .

    Jason Simpson, President and Chief Executive Officer of Orla stated;

    “While the north wall event at Camino Rojo was a temporary setback, it has reinforced the importance of our pit wall monitoring, technical planning, risk management, and operational discipline.

     

    “The team onsite acted quickly before the event to ensure safety.

     

    “Following the event, our broader team, supported by expert consultants, rapidly implemented a comprehensive action plan that prioritizes safety, reinforces slope stability, and allows for continued operations in Mexico, important for all stakeholders.”

    .

    To read the full news release please click HERE

     

    .

    ——-

    ,

    Pit Wall Event Context

    .

    As reported on July 23, 2025, and updated on July 24, 2025, Camino Rojo experienced an uncontrolled material movement along the temporary north wall of the open pit. Importantly, there were no injuries, equipment damage, or environmental impacts resulting from the event.

    Ramp access to the pit remained intact; however, open pit mining operations were temporarily suspended while the Company undertook a geotechnical assessment to support a safe action plan and restart of in-pit mining activities.

    .

    To read the full news release please click HERE

    .

    ——-

    .

    The live gold price can be found HERE

    .

    =======

    .

    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 Orla Mining.

    .




    Market Review July 2025 Published

    Market Review July 2025 Published

    The highlighted company is Omai Gold Mines.

    Companies featured include Orla Mining and Ora Banda Mining, plus comments about the largest pure silver mining companies.

     

     

    .

    Equinox Gold

    Equinox Gold Greenstone Mine – Credits Equinox Gold Corp.

     

     

    .

    City Investors Circle Market Review July 2025 Published

     

    It’s been another typical mid-summer month for gold and gold mining stocks, with prices sliding backwards. This is usual of course, but with the high price of god I had hoped this year would be the exception, but sadly not.

    ——-

     

    The highlighted company is Omai Gold Mines.

    The company is based in Guyana, in a prolific gold belt in a tier 1 country with british law.

    ——-

     

    Companies featured include Orla Mining and Ora Banda Mining, plus comments about the largest pure silver mining companies, and a list of the top few on the ASX, London, and TSX exchanges.

     

    ——-

    To read the July 2025 Market Review, please click HERE.

    To receive future issues of the Market Review and invitations to our free to attend mining presentation, please email andrew@city-investors-circle.com

    .

    Archive of July’s news releases is listed below, click the link to be taken to the full story.

      Equinox Gold Reports New High-Grade Gold Drill Results

      New Murchison Gold June Quarter Activities Report

      Equinox Gold Announces Senior Leadership Transition

      Catalyst Metals Obtains A$100m Revolving Credit Facility

      Mining Review 27th July 2025

      Capricorn Metals to Acquire Warriedar Resources

      G Mining Ventures Updates on Gurupi Project Licensing Process

      Orla Mining Reports Pit Wall Event at Camino Rojo

      Barton Gold Announce Gawler Mill Refurbishment Estimated at A$26m

      Caprice Report High-Grade Intercepts At Island Gold

      Barton Gold Complete Regional Soil Sampling Programs

      Mining Review 20th July 2025

      Ora Banda FY25 Production Results And FY26 Guidance

      Lefroy secures funding via BML Lucky Strike Profit Cash Advance

      G2 Drills Best Holes to Date in New OKO Surface Discovery

      Barton Gold Expedite Tolmer Soil Sampling Tests

      Galiano Gold Announces Drilling Results Including 36m @ 2.5 G/T Au

      Equinox Gold Reports Q2 2025 Gold Production of 219,122 Oz

      Mining Review 13th July 2025

      G Mining Ventures Achieves Nameplate Capacity at Tocantinzinho

      Orla Mining Achieves Record Quarterly Production

      West Red Lake Gold Announces Positive PEA for the Rowan Project

      Kaiser Reef Production Update – June Quarter

      Wesdome Gold Mines Completes Acquisition of Angus Gold

      G2 Drills Multiple Near Surface Intercepts in New Oko Discovery Area

      Mining Review 6th July 2025

      AIC Mines FY25 Production Guidance Achieved at Eloise Copper Mine

      NEW MURCHISON GOLD HIGH-GRADE GOLD AT CROWN PRINCE

      Meeka Pours First Gold at the Murchison on Schedule

      Barton Gold Acquires the Wudinna Gold Project

      Barton Gold Grows Resources at Central Gawler Mill

      Market Review June 2025 published

     

     

    ——-

    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 may hold shares in some or all of the companies mentioned

    .

    To read our full terms and conditions, please click HERE




    Mining Review 27th July 2025

    Mining Review 27th July 2025

    Orla Mining reported a pit wall “incident” and Newmont reported three miners trapped underground at the Red Chris mine in British Columbia.

    The wonderful news is the trapped miners have now been freed and are safe

     

     

    ,

    Orla Mine Pony Creek

     

     

    .

    City Investors Circle Mining Review 27th July 2025

     

    Mining Review 27th July 2025

    It was a week of Orla Mining reported a pit wall “incident” and Newmont reported three miners trapped underground at the Red Chris mine in British Columbia.

    The wonderful news is the trapped miners have now been freed and are safe, after a remotely controlled machine cleared away the debris.

    ——-

     

    Orla Mining have updated that the pit wall movement was caused by torrential rain, and they are currently assessing what effect this incident will have on guidance.

    They have suggested they have a large stockpile of ore that can be placed on the leach pad, and the share price has recovered some of the 15% loss that occurred when the bad news was released.

    I remain a shareholder but am a bit cautious about the potential damage to guidance, and any further bad news could damage the share price severely in the short term.

    ——-

     

    The price of lithium is moving up quickly due to the Chinese curtailing some mines due to environmental concerns, and in an effort to correct an oversupply situation.

    The price of copper has soared on trump tariff concerns, with importers rushing to bring stocks into the USA before the August deadline.

    This is surely a false market that will correct once tariffs commence?

    ——-

     

    A list of all the significant news releases from our watchlist companies last week is below, please click on the link to be taken to the full story.

      Capricorn Metals to Acquire Warriedar Resources

      G Mining Ventures Updated on Gurupi Project Licensing Process

      Orla Mining Reports Pit Wall Event at Camino Rojo

      Barton Gold Announced the Gawler Mill Refurbishment Estimated at A$26m

      Caprice Resources Reported High-Grade Intercepts At Island Gold

      Barton Gold Completed Regional Soil Sampling Programs

      Mining Review 20th July 2025

    ,

    ——-

     

    Market Data

    Weekly Price Changes

    (US$ unless stated)

    .

    Metal Prices Price Weekly % change
    Gold price in UK £ 2485 -0.72%
    Gold in AUD$ 5081 -1.32%
    Gold 3338 -0.33%
    Silver 38.3 0.10%
    Palladium 1259 -3.15%
    Platinum 1408 -2.29%
    Rhodium 6250 8.70%
    Copper 5.77 3.59%
    Nickel 6.89 -0.14%
    Zinc 1.28 0.00%
    Tin 15.71 4.94%
    Cobalt 15.12 0.00%
    Lithium 9822 7.17%
    Uranium 72.3 1.40%
    Iron Ore 111.6 1.09%
    Coking Coal 178 0.56%
    Thermal coal 113.3 0.89%
    Metal ETFs Price Weekly % change
    GLD 307.4 -0.32%
    GDX 53.96 5.53%
    GDXJ 67.82 2.46%
    Sil 50.05 3.86%
    SILJ 15.49 3.61%
    GOEX  (PCX) 45.98 1.95%
    URA 41.83 2.20%
    COPX  45.22 3.08%
    HUI  442.53 5.06%
    Gold / Silver ratio 87.15 -0.43%

     

    .

    Click HERE for live Spot Metal Prices 

     

    .=======

    .

    City Investors Circle is based 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.

    .

    Declaration

    At the time of writing the author may hold positions in any of the stocks mentioned.

    .

    To read our full terms and conditions, please click HERE




    Orla Mining Reports Pit Wall Event at Camino Rojo

    Orla Mining (TSX: OLA; NYSE: ORLA)

    Reported that an uncontrolled material movement event occurred today on the pit wall at its Camino Rojo Oxide Mine in Zacatecas, Mexico.

     

     

    .

    Orla Mining Camino Rojo plant

    Orla Mining heap leach pad, Solution pond, and Merrill-Crowe plant – Credits Orla Mining

     

     

    .

     

     

    .

    Orla Mining TSX : OLA
    Stage Development
    Metals Gold
    Market cap C$4.75 billion   @ C$14.60
    Location Mexico + Nevada + Canada 
    Website www.orlamining.com

     

     

     

    .

    Orla Mining Reports Pit Wall Event at Camino Rojo

    Vancouver, BC – July 23, 2025 – Orla Mining Ltd. (TSX: OLA; NYSE: ORLA) (“Orla” or the “Company”) reports that an uncontrolled material movement event occurred today on the pit wall at its Camino Rojo Oxide Mine in Zacatecas, Mexico. 

    The event occurred along the temporary north wall of the open pit, which included ore material expected to be mined as part of the ultimate open pit.

    There were no injuries or equipment damage as a result of the material movement, which was detected early by the pit monitoring systems.

    The event was caused by significant rain. There was no environmental damage resulting from the incident; however, rainwater diversion channels will need to be re-established to prevent further material subsidence in the pit.

    While the main access throughout the pit was not affected, mining in the pit has been temporarily suspended.

    Pit access has been restricted to the necessary technical and operating personnel to support the appropriate geotechnical assessments required for safe remediation and resumption of mining activities.

    Crushing and stacking of stockpiled material onto the heap leach will continue in the interim. The Company is currently assessing any potential impact of the pit wall event on its full-year production guidance for Camino Rojo.

    The relevant authorities are being notified as appropriate, and Orla is implementing appropriate remediation measures.

    The safety of all personnel remains the Company’s top priority as it undertakes a comprehensive analysis to ensure the ongoing stability of mining operations. 

    .

    ——-

    .

    The live gold price can be found HERE

    .

    =======

    .

    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 Orla Mining.

    .

     




    Mining Review 13th July 2025

    Mining Review 13th July 2025

    A very poor week for our producing watchlist companies, with good news being ignored.

    Orla Mining and Kaiser Reef both reported record production at their projects in the last quarter. G Mining Ventures achieved nameplate capacity at the TZ mine, and West Red Lake Gold reported a positive PEA for Rowan.

     

     

    .

    Kaiser Reef

    Kaiser Reef Henty Gold mine, Tasmania – Credits Kaiser Reef

     

     

    .

    City Investors Circle Mining Review 13th July 2025

     

    Mining Review 13th July 2025

    A very poor week for our producing watchlist companies, with good news being ignored, or sold into. The price of gold and silver has held steady, so its just selling to rotate into early stage juniors as some commentators are stating, or profit taking.

    The price of copper has surged around 10% in a week on Trump tariff fears, and a rush to import into the USA before any tariffs take effect. I think tariffs on copper would damage US industry so I seriously doubt they will occur, and if they do, only for a short while.

    ——-

    Orla Mining and Kaiser Reef both reported record production at their projects in the last quarter.

    G Mining Ventures achieved nameplate capacity at the TZ mine, yet the price has fallen back almost a third from the peak a couple of months ago.

    West Red Lake Gold Mines reported a positive PEA for Rowan. Normally this would cause a rise in share price, but WRLG has lost momentum since the fatality in the mine a couple of weeks ago. I suspect investors want some detail as to culpability before investing now.

    ——-

     

    A list of all the significant news releases from our watchlist companies last week is below, please click on the link to be taken to the full story.

      G Mining Ventures Achieved Nameplate Capacity at Tocantinzinho

      Orla Mining Achieved Record Quarterly Production

      West Red Lake Gold Announced a Positive PEA for the Rowan Project

      Kaiser Reef Production Update – June Quarter

      Wesdome Gold Mines Completed an Acquisition of Angus Gold

      G2 Drills Multiple Near Surface Intercepts in New Oko Discovery Area

      Mining Review 6th July 2025

     

    .——-

    .

    Market Data

    Weekly Price Changes

    (US$ unless stated)

    .

    Metal Prices 130725 Weekly % change
    Gold price in UK £ 2486 1.51%
    Gold in AUD$ 5102 -1.18%
    Gold 3355 0.54%
    Silver 38.32 3.71%
    Palladium 1216 6.39%
    Platinum 1399 0.58%
    Rhodium 5550 3.74%
    Copper 5.59 11.42%
    Nickel 6.87 -0.87%
    Zinc 1.24 0.00%
    Tin 15.22 -0.85%
    Cobalt 15.12 0.00%
    Lithium 8723 0.76%
    Uranium 73.8 -5.02%
    Iron Ore 104.6 2.75%
    Coking Coal 177 -1.28%
    Thermal coal 113 -0.88%
    Metal ETFs Price Weekly % change
    GLD 309.14 0.65%
    GDX 52.42 -0.93%
    GDXJ 68.84 0.57%
    Sil 50.84 3.56%
    SILJ 15.81 4.98%
    GOEX  (PCX) 46.01 0.46%
    URA 37.51 -1.03%
    COPX  45.16 -2.80%
    HUI  430.35 0.81%
    Gold / Silver ratio 87.55 -3.06%

    .

    Click HERE for live Spot Metal Prices 

    #

    .

    .=======

    .

    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.

    .

    Declaration

    At the time of writing the author may hold positions in any of the stocks mentioned.

    .

    To read our full terms and conditions, please click HERE