Mining Review Sunday Update 10th July 2022
Mining Review Sunday Update 10th July
This was the week when the new Chilean government showed their true colours as they disallowed the RIO2 EIA, despite it being recommended at the local level.
Companies commented on included; American Creek, Calidus Resources, Cornish Metals, Gold Road Resources, and Westhaven Gold. […]
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Calidus Resources – Klondyke Prospect panoramic view
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Mining Review Sunday Update 22nd July
This was the week when the new Chilean government showed their true colours as they disallowed the RIO2 EIA, despite it being recommended at the local level. This caused the RIO2 share price to crash by around half in short order.
The Chilean government and its agencies are sending a really negative signal here, one can only hope that those responsible come to their senses in time to rescue the damage caused by their inexplicable decision.
RIO2 bent over backwards to comply with the required standards, and that led to their undoing as they went the extra mile and mounted cameras outside the required area and those cameras caught wildlife activity, thus shooting themselves in the foot, as that has led to their EIA being suspended,
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Companies commented on included; American Creek, Calidus Resources, Cornish Metals, Gold Road Resources, and Westhaven Gold.
Watchlist companies in the news last week
Westhaven Gold Updated their Company Presentation
Neometals proved their Vanadium Recovery Low Cost Potential
Gold Road Resources Hit Record Gold Production and Sales
Lithium Power International Acquired new Ground
Calidus Resources Warrawoona Mine at a Steady State
Cornish Metals Reported Drilling from the Trenares Target
American Creek Resources Mourns the sad loss of Walter Storm
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Market Data (US$)
Week on week price changes
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Precious metals
| Gold | 1743 | -3.60% |
| Silver | 19.29 | -2.87% |
| Palladium | 2113 | +7.81% |
| Platinum | 891 | +0.11% |
| Rhodium | 12850 | +2.39% |
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Base metals
| Copper | 3.55 | -5.08% |
| Nickel | 9.99 | -4.68% |
| Zinc | 1.43 | -2.72% |
| Tin | 11.62 | -5.30% |
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Energy metals
| Cobalt | 27.1 | -14.35% |
| Manganese | 3.6 | -7.22% |
| Lithium | 67917 | -0.03% |
| Uranium | 49.25 | -3.15% |
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Bulk commodities
| Iron Ore | 111.1 | -3.81% |
| Coking Coal | 276 | -10.39% |
| Thermal coal | 397 | +8.17% |
| Magnesium | 3868 | -1.05% |
| Lumber | 659 | +0.30% |
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Metal ETF’s
| GDX | 27.06 | -3.91% |
| GDXJ | 31.21 | -5.57% |
| Sil | 24.86 | -6.22% |
| SILJ | 9.16 | -5.76% |
| GOEX (PCX) | 21.84 | -5.37% |
| GLD | 162.3 | -3.58% |
| COPX | 29.45 | -1.14% |
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Miscellaneous
| Au / Ag Ratio | 90.61 | +2.34% |
| 10 yr Treasury bond (TNX) | 3.084 | +6.57% |
| US index (DXY) | 106.9 | +1.69% |
| HUI | 216.78 | -4.54% |
| RJI (Rogers Index) | 8.36 | -1.53% |
| RJA Agriculture | 9.29 | +1.98% |
| RJN Energy | 4.26 | -3.62% |
| RJZ Metals | 10.05 | -1.57% |
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The Mining Review Sunday Update 22nd July is complete.
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.If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com
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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.
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