Gold Digger: Gold bull runs last for ~8 years. This one is only 18 months old
Mining
It’s been a chaotic week for gold prices, book-ended by the US election and promising vaccine news. The latter caused gold prices to fall sharply as investors piled back into value stocks.
It has since recovered to ~$US1,880/oz.
“I think it will move back towards $US2,000 per ounce relatively quickly,” says Guy Le Page.
“We’re running out of time [but] I’m still standing by $US2,300 per ounce by early next year.”
And remember — this bull run is still young.
“If you’re a student of history, what you’ll see over the last 50/60 years is that real gold bull markets are of substantial duration,” legendary gold investor Rick Rule told Stockhead earlier this week.
“They typically last upwards of eight years, and by my reckoning we’re into this one for around 18 months.”
Structural bull markets like this one act as ‘a rising tide which lift all boats’ where gold-linked equity indexes — not just the best stocks — “still rise by “500-600 per cent” over the long term.
ASX gold stocks actually did okay this week, despite the tumult. 104 went up, 77 went down, and 36 didn’t move.
Here’s how ASX-listed gold stocks performed November 09 – November 13 [intraday].
Scroll or swipe to reveal table. Click headings to sort. Best viewed on a laptop:
CODE | COMPANY | 1 WEEK RETURN % | 1 YEAR RETURN % | PRICE [intraday Friday] | MARKET CAP |
---|---|---|---|---|---|
CGN | Crater Gold Mining | 255 | 160 | 0.039 | $ 60,147,297.48 |
AZS | Azure Minerals | 117 | 386 | 0.705 | $ 157,425,201.05 |
ANX | Anax Metals | 96 | 332 | 0.048 | $ 11,655,269.89 |
TMZ | Thomson Resources | 74 | 342 | 0.12 | $ 18,073,685.50 |
ANL | Amani Gold | 50 | -25 | 0.0015 | $ 14,080,495.12 |
SKY | SKY Metals | 35 | 188 | 0.23 | $ 56,729,460.44 |
RVR | Red River Resources | 31 | 90 | 0.275 | $ 139,799,079.09 |
TMX | Terrain Minerals | 27 | 367 | 0.014 | $ 10,124,254.13 |
SNG | Siren Gold | 25 | 0 | 0.52 | $ 28,472,926.53 |
HXG | Hexagon Energy | 23 | -21 | 0.058 | $ 17,253,570.42 |
GBZ | GBM Resources | 23 | 398 | 0.185 | $ 68,120,660.73 |
ADN | Andromeda Metals | 22 | 477 | 0.225 | $ 372,838,267.82 |
E2M | E2 Metals | 21 | 378 | 0.86 | $ 109,186,654.38 |
TRM | Truscott Mining Corp | 20 | 200 | 0.025 | $ 2,950,597.06 |
BNR | Bulletin Resources | 20 | 300 | 0.084 | $ 15,060,618.22 |
GIB | Gibb River Diamonds | 19 | 434 | 0.155 | $ 30,901,416.75 |
GTR | GTI Resources | 19 | 90 | 0.019 | $ 12,198,341.96 |
DRE | Dreadnought Resources | 18 | 225 | 0.026 | $ 56,296,186.03 |
BYH | Bryah Resources | 18 | 49 | 0.073 | $ 9,626,790.32 |
OKR | Okapi Resources | 18 | 25 | 0.2 | $ 7,208,573.20 |
CTO | Citigold Corp | 17 | 180 | 0.014 | $ 34,133,751.72 |
HAW | Hawthorn Resources | 16 | 128 | 0.11 | $ 36,686,717.43 |
THR | Thor Mining | 16 | 267 | 0.022 | $ 8,715,667.49 |
HRZ | Horizon | 15 | -12 | 0.115 | $ 68,157,024.00 |
PDI | Predictive Discovery | 15 | 723 | 0.069 | $ 67,314,900.87 |
SVY | Stavely Minerals | 15 | -25 | 0.885 | $ 225,731,655.98 |
CY5 | Cygnus Gold | 15 | 457 | 0.195 | $ 20,470,335.80 |
MKR | Manuka Resources | 15 | 0 | 0.47 | $ 32,970,383.81 |
LNY | Laneway Resources | 14 | 33 | 0.008 | $ 26,425,461.53 |
WCN | White Cliff Minerals | 14 | 450 | 0.033 | $ 16,016,291.95 |
AAU | Antilles Gold | 14 | 72 | 0.05 | $ 10,732,790.70 |
CHN | Chalice Gold Mines | 14 | 1791 | 3.31 | $ 1,003,127,027.50 |
GWR | GWR Group | 13 | 89 | 0.17 | $ 45,049,876.08 |
WWI | West Wits Mining | 13 | 1640 | 0.087 | $ 96,879,386.93 |
NML | Navarre Minerals | 13 | 152 | 0.265 | $ 146,459,380.77 |
ARN | Aldoro Resources | 13 | 0 | 0.135 | $ 8,629,504.39 |
AYM | Australia United Mining | 13 | 800 | 0.009 | $ 16,583,197.37 |
GNM | Great Northern Minerals | 13 | 112 | 0.018 | $ 14,442,503.14 |
AWV | Anova Metals | 12 | 175 | 0.029 | $ 41,559,731.80 |
BGL | Bellevue Gold | 11 | 198 | 1.37 | $ 1,091,866,714.90 |
ARL | Ardea Resources | 11 | -16 | 0.49 | $ 63,196,938.09 |
PRX | Prodigy Gold | 11 | -43 | 0.049 | $ 27,289,497.48 |
SBR | Sabre Resources | 11 | 233 | 0.01 | $ 12,506,462.58 |
KAI | Kairos Minerals | 10 | 319 | 0.043 | $ 70,365,732.19 |
SVL | Silver Mines | 10 | 147 | 0.225 | $ 225,839,610.04 |
NWM | Norwest Minerals | 10 | -43 | 0.115 | $ 8,391,711.20 |
AUC | Ausgold | 9 | 321 | 0.059 | $ 79,321,322.00 |
SLZ | Sultan Resources | 9 | 258 | 0.24 | $ 15,992,909.47 |
NVA | Nova Minerals | 9 | 374 | 0.18 | $ 278,355,102.30 |
TLM | Talisman Mining | 9 | 20 | 0.12 | $ 22,395,406.20 |
ONX | Orminex | 9 | -72 | 0.024 | $ 12,938,452.03 |
KRM | Kingsrose Mining | 9 | 12 | 0.037 | $ 26,280,264.67 |
BAR | Barra Resources | 9 | 68 | 0.037 | $ 24,285,891.64 |
AXE | Archer Materials | 8 | 316 | 0.52 | $ 118,039,186.65 |
GMR | Golden Rim Resources | 8 | 0 | 0.013 | $ 23,287,444.32 |
KSN | Kingston Resources | 8 | 71 | 0.265 | $ 62,248,612.86 |
ARV | Artemis Resources | 8 | 366 | 0.135 | $ 164,395,825.97 |
PNR | Pantoro | 8 | 32 | 0.205 | $ 295,763,627.88 |
RDS | Redstone Resources | 8 | 40 | 0.014 | $ 7,316,820.22 |
PUR | Pursuit Minerals | 8 | 88 | 0.014 | $ 7,713,159.71 |
SMI | Santana Minerals | 8 | 2 | 0.215 | $ 22,000,683.60 |
SRN | Surefire Resources | 7 | 357 | 0.032 | $ 20,100,916.48 |
MTC | Metalstech | 7 | 1131 | 0.16 | $ 22,717,983.89 |
STN | Saturn Metals | 6 | 122 | 0.745 | $ 80,806,059.95 |
S2R | S2 Resources | 6 | 139 | 0.275 | $ 86,595,074.23 |
RSG | Resolute Mining | 6 | -26 | 0.825 | $ 888,633,628.33 |
BRB | Breaker Resources | 6 | -39 | 0.19 | $ 60,280,571.87 |
MCT | Metalicity | 6 | 338 | 0.019 | $ 31,270,212.25 |
ALY | Alchemy Resources | 5 | 71 | 0.02 | $ 13,444,869.06 |
STK | Strickland Metals | 5 | 400 | 0.1 | $ 42,010,152.10 |
EMU | EMU NL | 5 | 27 | 0.061 | $ 21,210,326.16 |
AMG | Ausmex Mining | 5 | -58 | 0.042 | $ 23,545,437.33 |
OBM | Ora Banda Mining | 5 | 82 | 0.325 | $ 273,262,523.63 |
LEX | Lefroy Exploration | 5 | 7 | 0.22 | $ 26,076,251.52 |
CBY | Canterbury Resources | 5 | -54 | 0.115 | $ 9,994,841.13 |
TTM | Titan Minerals | 4 | -33 | 0.12 | $ 128,245,345.57 |
SFM | Santa Fe Minerals | 4 | 45 | 0.12 | $ 7,645,972.85 |
AMI | Aurelia Metals | 4 | 16 | 0.505 | $ 441,361,817.49 |
CYL | Catalyst Metals | 4 | 7 | 2.61 | $ 216,005,217.82 |
PAK | Pacific American Holdings | 4 | -13 | 0.027 | $ 8,493,792.30 |
BRV | Big River Gold | 4 | 244 | 0.055 | $ 72,300,486.76 |
PKO | Peako | 4 | 94 | 0.029 | $ 5,682,213.51 |
MTH | Mithril Resources | 4 | 383 | 0.029 | $ 60,525,179.23 |
DEG | De Grey Mining | 4 | 1989 | 1.17 | $ 1,444,609,018.93 |
SBM | St Barbara | 3 | 7 | 2.74 | $ 1,869,196,529.65 |
GOR | Gold Road Resources | 3 | 25 | 1.4 | $ 1,179,099,162.32 |
AQX | Alice Queen | 3 | -16 | 0.031 | $ 32,195,225.29 |
CLA | Celsius Resources | 3 | 162 | 0.034 | $ 25,747,196.67 |
NXM | Nexus Minerals | 3 | 254 | 0.17 | $ 32,869,784.07 |
NES | Nelson Resources | 3 | 5 | 0.069 | $ 7,921,347.80 |
TSO | Tesoro Resources | 3 | 749 | 0.345 | $ 143,078,905.74 |
TAM | Tanami Gold | 3 | 93 | 0.077 | $ 89,307,375.50 |
ENR | Encounter Resources | 3 | 18 | 0.2 | $ 62,566,951.00 |
GMN | Gold Mountain | 2 | -36 | 0.044 | $ 30,345,146.66 |
CAZ | Cazaly Resources | 2 | 77 | 0.045 | $ 15,837,447.02 |
MHC | Manhattan Corp | 2 | 588 | 0.0275 | $ 34,483,246.02 |
G88 | Golden Mile Resources | 2 | -11 | 0.059 | $ 7,258,081.35 |
CWX | Carawine Resources | 2 | 17 | 0.305 | $ 29,362,005.66 |
SSR | SSR Mining | 1 | 0 | 26.58 | $ 406,705,287.04 |
KTA | Krakatoa Resources | 1 | 90 | 0.074 | $ 19,868,400.00 |
EVN | Evolution Mining | 1 | 50 | 5.94 | $ 9,619,492,541.20 |
BDC | Bardoc Gold | 1 | -23 | 0.076 | $ 133,279,867.95 |
KCN | Kingsgate Consolididated | 1 | 82 | 0.775 | $ 171,931,714.40 |
NCM | Newcrest Mining | 1 | -2 | 29.92 | $ 23,696,470,616.68 |
CDV | Cardinal Resources | 0 | 220 | 1.04 | $ 554,006,727.27 |
RRL | Regis Resources | 0 | -9 | 4.12 | $ 2,045,970,476.00 |
PRU | Perseus Mining | 0 | 47 | 1.26 | $ 1,465,137,959.65 |
XTC | Xantippe Resources | 0 | 0 | 0.002 | $ 8,149,128.80 |
MLS | Metals Australia | 0 | 33 | 0.002 | $ 8,381,807.15 |
DTR | Dateline Resources | 0 | 0 | 0.002 | $ 16,420,156.15 |
RMX | Red Mount Mining | 0 | 133 | 0.014 | $ 15,838,514.85 |
SIH | Sihayo Gold | 0 | 34 | 0.022 | $ 74,446,146.92 |
MOH | Moho Resources | 0 | 90 | 0.11 | $ 8,244,118.96 |
VRC | Volt Resources | 0 | -23 | 0.01 | $ 21,173,735.55 |
FFR | Firefly Resources | 0 | 253 | 0.21 | $ 61,456,854.06 |
BAT | Battery Minerals | 0 | 257 | 0.025 | $ 49,208,751.17 |
A1G | African Gold | 0 | -14 | 0.16 | $ 5,022,647.04 |
AAJ | Aruma Resources | 0 | 75 | 0.007 | $ 11,125,897.33 |
DCX | Discovex Resources | 0 | -33 | 0.006 | $ 7,176,984.46 |
GED | Golden Deeps | 0 | -36 | 0.014 | $ 7,555,669.79 |
KAU | Kaiser Reef | 0 | 0 | 0.41 | $ 10,957,250.41 |
KGM | Kalnorth Gold | 0 | 117 | 0.013 | $ 11,625,120.78 |
MSR | Manas Resources | 0 | 100 | 0.006 | $ 15,858,974.93 |
MEU | Marmota | 0 | 92 | 0.046 | $ 44,552,549.74 |
NPM | Newpeak Metals | 0 | 17 | 0.0035 | $ 13,995,487.53 |
SI6 | Six Sigma Metals | 0 | 150 | 0.01 | $ 11,092,666.71 |
TSC | Twenty Seven Co. | 0 | 75 | 0.007 | $ 10,847,406.55 |
VMC | Venus Metals | 0 | 45 | 0.24 | $ 37,769,670.75 |
MML | Medusa Mining | 0 | 14 | 0.8 | $ 163,118,526.29 |
FFX | Firefinch | 0 | 94 | 0.155 | $ 127,059,745.48 |
GML | Gateway Mining | 0 | 6 | 0.018 | $ 34,238,088.65 |
KZR | Kalamazoo Resources | 0 | 110 | 0.63 | $ 83,147,810.59 |
CHZ | Chesser Resources | 0 | 246 | 0.235 | $ 98,189,398.56 |
LCL | Los Cerros | 0 | 48 | 0.155 | $ 70,183,803.30 |
RML | Resolution Minerals | 0 | -31 | 0.043 | $ 12,017,315.69 |
NAE | New Age Exploration | 0 | 367 | 0.014 | $ 15,550,925.74 |
DDD | 3D Resources | 0 | 200 | 0.006 | $ 21,692,232.55 |
AME | Alto Metals | 0 | 248 | 0.115 | $ 45,681,803.40 |
GUL | Gullewa | 0 | 283 | 0.115 | $ 18,163,456.50 |
WAF | West African Resources | 0 | 144 | 1.03 | $ 856,639,671.23 |
RND | Rand Mining | -1 | -11 | 2.27 | $ 142,551,885.75 |
FML | Focus Minerals | -1 | 36 | 0.375 | $ 68,530,711.88 |
BC8 | Black Cat Syndicate | -1 | 73 | 0.72 | $ 81,649,873.58 |
M2R | Miramar | -1 | 0 | 0.36 | $ 15,413,044.80 |
MAU | Magnetic Resources | -2 | 119 | 1.14 | $ 246,321,369.78 |
NUS | Nusantara Resources | -2 | -8 | 0.285 | $ 60,585,099.36 |
WMX | Wiluna Mining | -2 | 50 | 1.8 | $ 180,847,737.00 |
TBR | Tribune Resources | -2 | -3 | 6.82 | $ 359,406,327.45 |
NST | Northern Star | -2 | 68 | 15.09 | $ 10,447,566,639.30 |
MZZ | Matador Mining | -2 | 90 | 0.4 | $ 68,022,503.60 |
DTM | Dart Mining | -3 | 59 | 0.185 | $ 18,489,913.06 |
BCN | Beacon Minerals | -3 | 12 | 0.037 | $ 106,071,257.49 |
SAR | Saracen Mineral Holdings | -3 | 72 | 5.63 | $ 5,804,017,450.32 |
TNR | Torian Resources | -3 | 148 | 0.031 | $ 23,141,691.21 |
MEI | Meteoric Resources | -3 | -7 | 0.056 | $ 70,692,217.72 |
ZNC | Zenith Minerals | -4 | 150 | 0.135 | $ 42,682,204.35 |
FAU | First Au | -4 | 108 | 0.027 | $ 14,528,285.17 |
RXL | Rox Resources | -4 | 141 | 0.053 | $ 110,474,737.00 |
TAR | Taruga Minerals | -4 | 230 | 0.051 | $ 24,688,881.32 |
SLR | Silver Lake Resource | -4 | 89 | 2 | $ 1,691,921,320.32 |
PUA | Peak Minerals | -4 | 43 | 0.025 | $ 14,240,210.30 |
WGX | Westgold Resources | -4 | 18 | 2.5 | $ 1,034,206,858.80 |
GBR | Great Boulder Resources | -4 | -12 | 0.048 | $ 8,838,809.19 |
SAU | Southern Gold | -4 | -48 | 0.1 | $ 26,666,094.50 |
EMR | Emerald Resources | -4 | 53 | 0.595 | $ 306,661,338.17 |
HWK | Hawkstone Mining | -4 | 28 | 0.0115 | $ 16,627,307.86 |
RGL | Riversgold | -4 | 309 | 0.045 | $ 18,204,391.49 |
NSM | North Stawell | -4 | 0 | 0.45 | $ 18,400,000.00 |
BBX | BBX Minerals | -4 | 83 | 0.33 | $ 140,501,358.69 |
YRL | Yandal Resources | -4 | 131 | 0.545 | $ 44,882,587.55 |
HMX | Hammer Metals | -4 | 105 | 0.043 | $ 31,261,404.89 |
DGO | DGO Gold | -4 | 223 | 3.21 | $ 226,250,996.04 |
GSN | Great Southern | -5 | 24 | 0.082 | $ 34,109,574.44 |
MEG | Megado | -5 | 0 | 0.2 | $ 7,849,469.80 |
CEL | Challenger Exploration | -5 | 213 | 0.2 | $ 112,351,881.80 |
ERM | Emmerson Resources | -5 | -28 | 0.079 | $ 38,145,456.05 |
CAI | Calidus Resources | -5 | 146 | 0.59 | $ 158,817,129.25 |
MAR | Malachite Resources | -5 | -43 | 0.057 | $ 8,314,475.28 |
KWR | Kingwest Resources | -5 | -22 | 0.19 | $ 29,970,302.31 |
VKA | Viking Mines | -5 | 90 | 0.019 | $ 6,274,357.12 |
SPQ | Superior Resources | -5 | 174 | 0.018 | $ 20,245,369.39 |
DCN | Dacian Gold | -5 | -58 | 0.35 | $ 194,777,993.90 |
RDN | Raiden Resources | -6 | 386 | 0.034 | $ 18,493,650.55 |
AGG | AngloGold Ashanti | -6 | 17 | 6.59 | $ 585,202,938.40 |
CMM | Capricorn Metals | -6 | 76 | 1.72 | $ 584,757,171.90 |
RMS | Ramelius Resources | -6 | 82 | 1.93 | $ 1,492,276,056.80 |
MVL | Marvel Gold | -7 | -50 | 0.057 | $ 30,009,999.42 |
MDI | Middle Island Resources | -7 | 180 | 0.014 | $ 38,813,333.68 |
RED | Red 5 | -7 | -7 | 0.26 | $ 502,498,155.26 |
AOP | Apollo Consolidated | -7 | 60 | 0.32 | $ 86,110,588.80 |
OAU | Ora Gold | -8 | 0 | 0.024 | $ 20,180,285.33 |
OKU | Oklo Resources | -8 | 81 | 0.235 | $ 118,337,339.31 |
AUT | Auteco Minerals | -8 | 1122 | 0.11 | $ 156,717,893.60 |
AL8 | Alderan Resources | -9 | 146 | 0.096 | $ 26,181,364.10 |
MKG | Mako Gold | -9 | 14 | 0.1 | $ 24,619,079.62 |
AAR | Anglo Australian | -9 | 61 | 0.15 | $ 86,128,257.60 |
CST | Castile Resources | -9 | 0 | 0.29 | $ 55,918,833.88 |
MRZ | Mont Royal Resources | -9 | 7 | 0.29 | $ 9,246,840.40 |
AVW | Avira Resources | -10 | 350 | 0.009 | $ 12,375,360.00 |
AQI | Alicanto Minerals | -10 | 137 | 0.135 | $ 37,903,087.89 |
DAU | Dampier Gold | -10 | 265 | 0.062 | $ 17,667,553.48 |
GRL | Godolphin Resources | -10 | 0 | 0.265 | $ 19,710,485.15 |
TIE | Tietto Minerals | -10 | 28 | 0.385 | $ 178,465,130.12 |
NAG | Nagambie Resources | -11 | -9 | 0.05 | $ 24,996,617.30 |
MAT | Matsa Resources | -11 | -14 | 0.125 | $ 32,537,605.08 |
TRY | Troy Resources | -11 | -7 | 0.1025 | $ 80,527,014.48 |
LCY | Legacy Iron Ore | -13 | 139 | 0.007 | $ 49,977,908.14 |
GSM | Golden State Mining | -13 | 181 | 0.225 | $ 11,808,515.00 |
MGV | Musgrave Minerals | -13 | 552 | 0.45 | $ 213,656,528.25 |
AGS | Alliance Resources | -14 | 62 | 0.19 | $ 32,094,014.40 |
CDT | Castle Minerals | -14 | 33 | 0.012 | $ 7,590,009.82 |
VAN | Vango Mining | -14 | -55 | 0.078 | $ 75,513,049.30 |
HRN | Horizon Gold | -20 | 37 | 0.36 | $ 31,607,548.92 |
ALK | Alkane Resources | -22 | 68 | 1.03 | $ 610,273,520.00 |
REZ | Resources & Energy Group | -23 | 89 | 0.066 | $ 30,649,336.02 |
CXU | Cauldron Energy | -24 | 144 | 0.044 | $ 19,711,978.53 |
ADV | Ardiden | -25 | 575 | 0.027 | $ 57,322,670.87 |
Minnow Crater Gold Mining (ASX:CGN) spiked hard Thursday on no news before paring some of those gains the following day.
In a response to the query from the ASX, Crater says other than a recent announcement regarding high indium assays in drill core “the company is no aware of any other explanation…” and so on.
That hoary old chestnut.
Last Friday Anax Metals (ASX:ANX) — formerly known as Aurora Minerals — re-listed on the ASX and promptly surged higher. That run continued into the new week.
The company has joined the ASX boards with new plan to acquire up to 80 per cent of the Whim Creek Copper-Zinc Project from VentureX Resources (ASX:VXR).
It’s also on the hunt for gold in exploration ground next door to De Grey’s (ASX:DEG) Mallina project.
ASX investors continued to warm to Thomson Resources’ (ASX:TMZ) plan to acquire two silver deposits in NSW from Silver Mines (ASX:SVL).
The stock put on up to 40 per cent in Friday’s morning session, after gaining 30 per cent on Thursday.
Red River Resources (ASX:RVR) had a good week after announcing it had defined an extensive high-grade silver-indium system at its Orient project in northern Queensland.
Indium again. What’s going on with indium this week?