City Investors Circle – Company watchlist.


The following companies listed on the watchlists below are not recommendations in any shape or form, they are companies we follow because they have presented to our group in London or that we personally like because they fit our own particular investment criteria.

Always do your own research and consult an investment professional.


Tier 1

The first group of companies are either in production, or close to it, and financed through to production.


Ascot ResourcesTSXAOTRestarting the Premier Gold mine
Funded and construction underway
British Colombia, Golden Triangle
Calidus ResourcesASXCAIDeveloping the Warrawoona Gold Project
Funded, construction underway, first gold H1 2022
East Pilbara region, Western Australia
Colonial CoalTSX.VCADAwaiting a corporate action by potential buyers
Premium quality steelmaking (coking) coal
British Colombia, Peace River coalfield
Galiano GoldTSXGAUGold producer, developer, and explorer
Owns 45% of the producing Asanko Gold Mine
Ashanti Gold Belt, Ghana, West Africa
Gold Road ResourcesASXGORGold producer, developer, and explorer
Owns 50% of the producing Gruyere Gold Mine
Yamarna Greenstone Belt, Laverton region, Western Australia
Karora ResourcesTSXKRRGold producer, developer, and explorer
Beta Hunt and Higginsville gold mines
Kalgoorlie region, Western Australia
Minera AlamosTSX.VMAIGold producer, developer, and explorer
Santana Mine producing gold, developing Cerro de Oro
Sonora and Zacatecas states, Mexico
NeometalsASXNMTDeveloping metal and minerals for the green economy
Primobius JV signing battery recycling contracts
Perth, Western Australia
Orla MiningTSXOLAGold producer, developer, and explorer
Camino Rojo Oxide Gold Project
Zacatecas, Mexico, and Panama
Wesdome Gold MinesTSXWDOGold producer, developer, and explorer
Eagle River and Kiena gold mines
Ontario and Val d'or, Quebec, Canada


Tier 2

The following companies are exploration stories that we follow, and report their news.

They are generally less advanced than the list above, but at a stage where discoveries are often made, and shareholder value can be created. By definition they carry a greater degree of risk.


03 Mining
TSX.VOlllExploration in a gold mining 'hotspot'
Near the Canadian Malartic mine
Val d'or, Quebec, Canada.
American Creek
TSX.VAMKExploration JV, free carry to production decision
Next to major gold deposits, KSM and Brucejack mine
Golden Triangle, near Stewart, B.C., Canada.
Argosy MineralsASXAGYRincon Lithium project (77.5%, up to 90%)
2,000 tpa LCE processing plant under construction
Lithium Triangle, Salta Province, Argentina
Auteco MineralsASXAUTGold exploration company
Pickle Crow High grade gold project
Ontario, Canada
Boab MetalsASXBMLExploration for lead, silver, and zinc
Chinese 25% JV partner
Kimberley, Western Australia
Cabral GoldTSX.VCBRExploration in a prolific gold zone
Near term production from tailings potential
Cuiú Cuiú, Para State, north east Brazil
Canuc ResourcesTSX.VCNRSilver and copper exploration, gas production
Gas production revenues cover company running costs
Mexico and Texas, USA
Cartier ResourcesTSX.VECRExploration and development for gold
Chimo is a former producing mine with infrastructure
Abitibi Greenstone Belt, Quebec, Canada.
Cornish MetalsAIM/TSX.VCUSNExploration for tin and copper in Cornwall, UK
South Crofty former producing tin mine
Camborne, Cornwall, UK
Japan GoldTSX.VJGGold exploration, 30 projects
JVs with Barrick and Newmont
Lithium Power InternationalASXLPILithium exploration and development
Maricunga JV project
North Chile, plus Western Australia
Latrobe MagnesiumASXLMGMagnesium from fly ash
A rare metal produced in a green method saving CO2
Latrobe Valley, Victoria State, Australia
Magnetic ResourcesASXMAUGold exploration on a prolific mining region
Large scale assets from surface, M & A potential
Laverton region of Western Australia
Marathon GoldTSXMOZValentine Gold Mine
Under construction fully funded
Newfoundland, Canada
Newcore GoldTSX.VNCAUGold exploration in a high grade gold region
On Bibiani Shear Zone.
Enchi, Ghana, West Africa
Nouveau MondeTSX.VNOUGraphite production
Vertically integrating ore to product
Matawinie, Quebec, Canada.
Osisko Development
TSX.VODVGold exploration in the Cariboo and Sonora regions
Former Barkerville Gold property
British Columbia, Canada, and Sonora, Mexico
Rokmaster ResourcesTSX.VRKRGold / polymetallic exploration and development
Updated mineral resource completed.
Revel Ridge, south British Columbia, Canada
Rumble ResourcesASXRTRZinc-Lead-Silver Sulphide exploration
Multiple projects in a highly prospective region
Western Australia
Skeena ResourcesTSXSKEGold exploration and development
Former Eskay Creek Gold Mine
Golden Triangle, Yukon.
Silver Tiger MetalsTSX.VSLVRSilver exploration in a high grade silver region
El Tigre former producing mine, closed in the 1930's
Sierra Madre Occidental, Sonora, Mexico
Uranium EnergyNYSEUECIn situ uranium production (Currently shut in)
Several exploration and development projects in the USA
Texas, New Mexico, Wyoming USA, Canada and Paraguay
Westhaven GoldTSX.VWHNGold Exploration
Early stage exploration in a greenfield area
Merritt, British Columbia, Canada.


Tier 3 – Recovery stocks

The following companies are stocks that have fallen from their highs, generally due to poor management execution or some other problem, but we monitor because we think they might recover in the future, normally because new experienced management are brought in to turn things around.


Integra ResourcesTSX.VITRExploration
Feasibility disappointed
Sierra MetalsTSXSMTThree producing Mines, gold, silver, copper
Covid has caused missed production guidance
Mexico and Peru


Tier 4 – Companies operating in more risky jurisdictions

The following companies operate in jurisdictions where we would not normally invest, but have promising projects.


Celsius ResourcesASXCLACopper gold exploration and development
Main asset formerly owned by Freeport-McMoRan
Luzon State, Philippines
El Oro ResourcesTSX.VELOHigh grade gold, silver, and lead
Exploration hindered by slow assays
ISKA ISKA, Potosi, Bolivia
Atico MiningTSX.VATYProducing gold and copper miner
El Roble mine, Colombia
Colombia and Ecuador


Tier 5 – Early stage exploration companies

The following companies are early stage exploration projects, with initial promising drill results, in good jurisdictions.

We will monitor them for progress, and may mention them from time to time.

Auteco MineralsASXAUTGold exploration company
Pickle Crow High grade gold project
Ontario, Canada
Barton GoldASXBGDGold exploration
Owns the only mill in S. Australia
Gowler Craton, South Australia
BMG ResourcesASXBMGEarly stage gold exploration
Close to Wiluna and Northern Star mines
Western Australia
Siren GoldASXSNGGreenfield gold exploration
New Zealand
PacgoldASXPGOHigh grade greenfield gold discovery.
Alice River, North Queensland, Australia
Nimy ResourcesASXNMYEarly stage
High grade potential nickel discovery