Market Review 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.

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Abore Gold Mine – Credits Galiano Gold

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City Investors Circle Market Review October 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

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

.

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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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

.

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.

.

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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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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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.

.

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.

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Credits – Orla Mining

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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

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Orla Mining  Musselwhite gold mine map – Courtesy of Orla Mining

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.

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Glenburgh project map – Courtesy of Benz Mining

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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.

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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.

.

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.

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

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Orla Mining Stake Sold By Agnico Eagle

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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.

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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.

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Credits – Equinox Gold Corp.

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Market Data

Weekly Price Changes

(US$ unless stated)

.

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.

.

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.

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South Carling complex – Courtesy of Orla Mining

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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.

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Orla Mining – Musselwhite Gold Mine – Credits Orla Mining

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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.

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Photo courtesy of Meeka Metals

City Investors Circle Mining Review 10th August 2025

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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.

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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.

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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.

.

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 23^rd resulting in no injuries or equipment damage.

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

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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.

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.

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Equinox Gold Greenstone Mine – Credits Equinox Gold Corp.

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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.

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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.

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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.

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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

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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

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

.

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

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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.

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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.

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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?

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.

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.

.

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.

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

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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.

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Kaiser Reef Henty Gold mine, Tasmania – Credits Kaiser Reef

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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.

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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.

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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.

  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

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Market Data

Weekly Price Changes

(US$ unless stated)

.

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.

.

Orla Mining (TSX: OLA; NYSE: ORLA)

Provided an operational update for the second quarter ended June 30, 2025. The company reported a record quarterly production including a first contribution from Musselwhite.

Orla remains on track to achieve annual consolidated production guidance of 280,000 to 300,000 ounces of gold.

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Orla Mining – Musselwhite Gold Mine – Credits Orla Mining

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Mining Review 15th June 2025

City Investors Circle published the review of the past week for watchlist stocks as well as the commodity markets.

Meeka Metals confirmed the commissioning of the processing plant as production commences at their Murchison gold project.

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Meeka Metals drill site – Credits Meeka Metals

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City Investors Circle Mining Review 15th June 2025

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Mining Review 15th June 2025

City Investors Circle published the review of the past week for watchlist stocks as well as the commodity markets.

Meeka Metals confirmed the commissioning of the processing plant as production commences at their Murchison gold project.

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Gold was falling slowly until the Isreali attack on Iran, and it has now bounced over $3,400, and the large producing gold miners have all bounced back up after sliding for a couple of weeks.

Most of the industrial metals fell on less favourable economic news.

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“Rotation” is the new buzzword in the mining sector, as multiple commentators predict people are moving at least some of their profits from larger gold producers into more risky but potentially higher rewarding exploration juniors.

I have considered top slicing some profits, but only to invest into companies coming into production, such as West Red Lake Gold, Meeka Metals, Horizon etc. etc.

I do not yet feel there is a great opportunity in the early stage exploration space, and feel the largest upside remains with producers and soon to be producers.

There are hundreds of exploration companies out there, picking the one that will jump 100% or so after a drill result is like finding a needle in a haystack, so I prefer to stay with the producers for now.

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Orla Mining (TSX: OLA)

VANCOUVER – Mine workers from Mexico, joined by United Steelworkers (USW) union members, will demonstrate Tuesday outside the Vancouver offices of Orla Mining to protest violence and intimidation against workers at Orla’s Camino Rojo mine in Mexico.

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Comment

This doesn’t read very well, as a shareholder I always want the company I’m invested in to treat their workers properly.

It does look like a battle between two unions for control, and officers of both have vested interests of course, but what we don’t know is whether or not the union at the mine is causing unneccesary issues to Orla by abusing their position.

Unless we hear both sides we simply cannot take an informed view, so until then I trust Orla management to treat their workers correctly.

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Orla Mining (TSX: OLA)

Provided the first underground Mineral Resource estimate for the Company’s Camino Rojo deposit located in Zacatecas, Mexico, representing a down plunge extension from the oxide open pit.

This news release presents the initial underground Mineral Resource estimate for the Camino Rojo deposit.

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

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