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Gold Digger: A weekly recap of the news driving ASX small cap gold stocks
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Gold punched through $US1,600/oz on January 8 — the highest in eight years — as Middle East tensions flared.
“We’ll see $US2,000/oz by the end of the month/quarter/year no worries,” people probably said.
At the moment $2,000/oz doesn’t seem that fanciful, but prices have softened marginally over the past week as US — [insert country here] tensions ostensibly wane. Gold loves drama.
Local goldies can’t complain though. $US1,600 equals ~$2,300 Australian, which equals fat profits for local producers who, on average, report all in sustaining costs (AISC) of between $1,000/oz and $1,400/oz.
READ: Our biggest producers are swimming in green as gold breaches $US1600/oz
BIG MOVERS
It was a pretty balanced week for our basket of ASX-listed gold stocks – 43 went up, 57 went down, and 40 didn’t move.
The start of January is generally a slow/boring period for company news, but don’t worry – that’s about to change. Holiday time is officially over.
Ambitious ~$3.6m market cap Dampier Gold (ASX:DAU) was #1 mover this week, up 47 per cent after finalising an exploration joint venture with Torian Resources (ASX:TNR).
Dampier — which wants to be a producer within three years — can earn a 25 per cent interest in the Credo Well project near Kalgoorlie by spending $500,000 over the next 15 months.
“Dampier has undertaken a detailed technical analysis of the Credo Well project and has identified a number of priority targets which it will test with detailed drilling,” Dampier chairman Malcolm Carson says.
“Your directors are excited about the potential for an early discovery of a commercially viable gold resource on the Credo leases and is now in a position to implement its exploration strategy for Credo and related drilling programs.”
Then there’s uranium play/former shell company Cauldron Energy (ASX:CXU) which announced plans to buy the historic Bullarto South and Blackwood gold projects back in December.
READ: The Tale of Cauldron and the “largely forgotten” Blackwoods Goldfield
Only now — following discussions with the ASX regarding compliance — has the explorer retracted some late November/early December statements “in relation to the current value of historic production, historical exploration results, and commercial objectives”.
The share price leapt 32 per cent in response.
There must be a lesson here somewhere.
NOW READ: Money Talks: The future looks bright for these 3 stocks as gold runs hot
Here’s the best performing ASX small cap gold stocks for the period January 6 — January 13 [intraday] >>>
Scroll or swipe to reveal table. Click headings to sort. Best viewed on a laptop:
| Ticker | Name | Price [intraday Monday] | 1 Week Return % | 1 Year Return % | Market Cap |
|---|---|---|---|---|---|
| DAU | DAMPIER GOLD | 0.021 | 47 | -31 | $ 3,238,262.00 |
| CXU | CAULDRON ENERGY | 0.025 | 32 | 19 | $ 8,573,913.00 |
| TMX | TERRAIN MINERALS | 0.005 | 25 | 25 | $ 3,615,805.00 |
| MTH | MITHRIL RESOURCES | 0.011 | 22 | 120 | $ 4,903,892.00 |
| SPX | SPECTRUM METALS | 0.096 | 20 | 2125 | $ 121,925,336.00 |
| STN | SATURN METALS | 0.365 | 20 | 87 | $ 25,616,250.00 |
| WWI | WEST WITS MINING | 0.012 | 18 | 30 | $ 12,187,903.00 |
| DHR | DARK HORSE RESOURCES | 0.0035 | 17 | -22 | $ 7,103,779.00 |
| BYH | BRYAH RESOURCES | 0.049 | 16 | -45 | $ 4,940,000.00 |
| AUC | AUSGOLD | 0.014 | 15 | -38 | $ 14,852,243.00 |
| SAU | SOUTHERN GOLD | 0.19 | 15 | 20 | $ 17,665,752.00 |
| HRZ | HORIZON MINERALS | 0.095 | 12 | -39 | $ 38,089,792.00 |
| AWV | ANOVA METALS | 0.01 | 11 | 11 | $ 6,391,323.00 |
| MDI | MIDDLE ISLAND RESOURCES | 0.005 | 11 | -17 | $ 5,884,261.00 |
| GNM | GREAT NORTHERN MINERALS | 0.01 | 11 | -67 | $ 3,122,422.50 |
| TSC | TWENTY SEVEN CO | 0.01 | 11 | 150 | $ 12,192,439.00 |
| RGL | RIVERSGOLD | 0.01 | 11 | -85 | $ 2,177,537.25 |
| TAR | TARUGA MINERALS | 0.014 | 9 | -77 | $ 3,514,883.25 |
| KWR | KINGWEST RESOURCES | 0.185 | 9 | 3 | $ 16,596,150.00 |
| FML | FOCUS MINERALS | 0.265 | 9 | 43 | $ 45,687,140.00 |
| MEU | MARMOTA | 0.027 | 8 | 69 | $ 22,798,588.00 |
| BSR | BASSARI RESOURCES | 0.016 | 7 | -20 | $ 35,633,324.00 |
| AOP | APOLLO CONSOLIDATED | 0.245 | 7 | 53 | $ 54,261,752.00 |
| EMR | EMERALD RESOURCES | 0.042 | 6 | 35 | $ 128,035,008.00 |
| KCN | KINGSGATE CONSOLIDATED | 0.45 | 6 | 144 | $ 101,801,672.00 |
| GML | GATEWAY MINING | 0.018 | 6 | 0 | $ 21,433,856.00 |
| KTA | KRAKATOA RESOURCES | 0.04 | 5 | 60 | $ 6,650,000.00 |
| CYL | CATALYST METALS | 2.99 | 5 | 66 | $ 246,353,408.00 |
| NUS | NUSANTARA RESOURCES | 0.34 | 5 | 89 | $ 64,654,316.00 |
| CWX | CARAWINE RESOURCES | 0.23 | 5 | 44 | $ 18,544,200.00 |
| SAR | SARACEN MINERAL HOLDINGS | 3.585 | 4 | 24 | $ 3,992,465,152.00 |
| GUL | GULLEWA | 0.029 | 4 | 0 | $ 4,498,570.00 |
| BRB | BREAKER RESOURCES | 0.3 | 4 | -17 | $ 67,082,824.00 |
| TLM | TALISMAN MINING | 0.094 | 3 | 8 | $ 17,916,324.00 |
| TRY | TROY RESOURCES | 0.097 | 3 | -11 | $ 60,678,120.00 |
| OKR | OKAPI RESOURCES | 0.099 | 3 | -58 | $ 3,568,243.75 |
| BC8 | BLACK CAT SYNDICATE | 0.35 | 3 | 150 | $ 29,462,866.00 |
| A1G | AFRICAN GOLD | 0.175 | 3 | $ 9,877,000.00 | |
| NAG | NAGAMBIE RESOURCES | 0.041 | 3 | -41 | $ 18,447,226.00 |
| BDC | BARDOC GOLD | 0.085 | 2 | 58 | $ 118,158,352.00 |
| CAI | CALIDUS RESOURCES | 0.26 | 2 | -6 | $ 55,819,156.00 |
| ARL | ARDEA RESOURCES | 0.565 | 2 | 26 | $ 63,342,236.00 |
| NCM | NEWCREST MINING | 30.86 | 2 | 31 | $ 23,980,220,416.00 |
| VAN | VANGO MINING | 0.165 | 0 | 3 | $ 126,482,800.00 |
| AAJ | ARUMA RESOURCES | 0.003 | 0 | -40 | $ 2,128,241.75 |
| AYR | ALLOY RESOURCES | 0.0015 | 0 | -33 | $ 4,177,354.75 |
| LNY | LANEWAY RESOURCES | 0.0075 | 0 | 133 | $ 26,040,462.00 |
| MSR | MANAS RESOUCES | 0.0025 | 0 | -50 | $ 5,286,325.00 |
| TNR | TORIAN RESOURCES | 0.008 | 0 | -56 | $ 2,526,237.50 |
| BAR | BARRA RESOURCES | 0.022 | 0 | -44 | $ 12,526,831.00 |
| HMX | HAMMER METALS | 0.022 | 0 | 5 | $ 11,158,378.00 |
| ALY | ALCHEMY RESOURCES | 0.011 | 0 | -28 | $ 6,055,768.00 |
| DTM | DART MINING NL | 0.09 | 0 | -25 | $ 4,816,719.50 |
| NXM | NEXUS MINERALS | 0.046 | 0 | -13 | $ 5,793,787.50 |
| MAT | MATSA RESOURCES | 0.125 | 0 | -31 | $ 26,030,084.00 |
| AQI | ALICANTO MINERALS | 0.043 | 0 | 43 | $ 8,170,911.00 |
| SFM | SANTA FE MINERALS | 0.07 | 0 | -25 | $ 5,097,315.00 |
| LEX | LEFROY EXPLORATION | 0.185 | 0 | 6 | $ 18,590,048.00 |
| CDT | CASTLE MINERALS | 0.009 | 0 | 13 | $ 2,135,081.50 |
| AZM | AZUMAH RESOURCES | 0.033 | 0 | 18 | $ 32,293,200.00 |
| RXL | ROX RESOURCES | 0.026 | 0 | 189 | $ 36,448,680.00 |
| VKA | VIKING MINES | 0.013 | 0 | -24 | $ 4,078,332.25 |
| ARM | AURORA MINERALS | 0.01 | 0 | -28 | $ 2,342,665.75 |
| DGO | DGO GOLD | 0.95 | 0 | 48 | $ 34,316,452.00 |
| OKU | OKLO RESOURCES | 0.16 | 0 | -37 | $ 70,174,184.00 |
| OAU | ORA GOLD | 0.022 | 0 | 83 | $ 12,922,618.00 |
| DEG | DE GREY MINING | 0.052 | 0 | -51 | $ 55,043,188.00 |
| CTO | CITIGOLD CORP | 0.005 | 0 | -17 | $ 12,005,866.00 |
| HAW | HAWTHORN RESOURCES | 0.089 | 0 | 43 | $ 26,129,250.00 |
| AGS | ALLIANCE RESOURCES | 0.105 | 0 | -11 | $ 16,174,025.00 |
| MOH | MOHO RESOURCES NL | 0.045 | 0 | -59 | $ 2,453,280.75 |
| CY5 | CYGNUS GOLD | 0.04 | 0 | -49 | $ 2,661,792.25 |
| GBR | GREAT BOULDER RESOURCES | 0.038 | 0 | -70 | $ 5,471,614.00 |
| E2M | E2 METALS | 0.18 | 0 | 125 | $ 16,536,561.00 |
| HRN | HORIZON GOLD LIMITED | 0.21 | 0 | -5 | $ 16,071,430.00 |
| NES | NELSON RESOURCES | 0.06 | 0 | -59 | $ 2,735,570.75 |
| ONX | ORMINEX | 0.08 | 0 | -65 | $ 45,284,584.00 |
| ARS | ALT RESOURCES | 0.02 | 0 | -33 | $ 11,162,213.00 |
| GMR | GOLDEN RIM RESOURCES | 0.01 | 0 | -38 | $ 12,792,627.00 |
| AAR | ANGLO AUSTRALIAN RESOURCES | 0.1 | 0 | 18 | $ 37,553,672.00 |
| KGM | KALNORTH GOLD MINES | 0.005 | 0 | -29 | $ 4,471,200.50 |
| CGN | CRATER GOLD MINING | 0.012 | 0 | -20 | $ 14,729,950.00 |
| CMM | CAPRICORN METALS | 1.235 | 0 | 250 | $ 396,213,504.00 |
| TBR | TRIBUNE RESOURCES | 5.39 | -1 | 37 | $ 298,051,232.00 |
| RED | RED 5 | 0.34 | -1 | 266 | $ 442,005,280.00 |
| GOR | GOLD ROAD RESOURCES | 1.31 | -1 | 106 | $ 1,190,912,000.00 |
| CDV | CARDINAL RESOURCES | 0.345 | -1 | -12 | $ 170,438,464.00 |
| PRX | PRODIGY GOLD NL | 0.065 | -1 | -15 | $ 38,902,048.00 |
| RMS | RAMELIUS RESOURCES | 1.295 | -2 | 149 | $ 885,642,688.00 |
| SLZ | SULTAN RESOURCES | 0.058 | -2 | -3 | $ 2,762,267.50 |
| WGX | WESTGOLD RESOURCES | 2.29 | -2 | 147 | $ 939,224,384.00 |
| SBM | ST BARBARA | 2.74 | -2 | -40 | $ 1,936,676,224.00 |
| RML | RESOLUTION MINERALS | 0.05 | -2 | -32 | $ 5,693,347.50 |
| MAU | MAGNETIC RESOURCES NL | 0.485 | -2 | 149 | $ 90,912,088.00 |
| EVN | EVOLUTION MINING | 3.64 | -2 | -3 | $ 6,493,470,208.00 |
| AMG | AUSMEX MINING GROUP | 0.075 | -3 | 27 | $ 39,534,920.00 |
| BCN | BEACON MINERALS | 0.037 | -3 | 93 | $ 111,486,672.00 |
| VMC | VENUS METALS CORP | 0.185 | -3 | 14 | $ 27,949,556.00 |
| MML | MEDUSA MINING | 0.84 | -3 | 115 | $ 177,664,128.00 |
| KRM | KINGSROSE MINING | 0.03 | -3 | -42 | $ 21,900,220.00 |
| DGR | DGR GLOBAL | 0.081 | -4 | -38 | $ 45,988,640.00 |
| ARV | ARTEMIS RESOURCES | 0.027 | -4 | -80 | $ 26,285,128.00 |
| NST | NORTHERN STAR RESOURCES | 11.53 | -4 | 24 | $ 8,667,805,696.00 |
| GED | GOLDEN DEEPS | 0.023 | -4 | -49 | $ 6,173,388.50 |
| ADN | ANDROMEDA METALS | 0.043 | -4 | 514 | $ 63,889,680.00 |
| RRL | REGIS RESOURCES | 4.195 | -5 | -9 | $ 2,210,585,088.00 |
| TIE | TIETTO MINERALS | 0.285 | -5 | 358 | $ 87,444,768.00 |
| ALK | ALKANE RESOURCES | 0.59 | -6 | 213 | $ 348,572,928.00 |
| CHN | CHALICE GOLD MINES | 0.265 | -6 | 81 | $ 67,146,696.00 |
| SLR | SILVER LAKE RESOURCES | 1.315 | -6 | 137 | $ 1,200,987,264.00 |
| PUA | PURE ALUMINA | 0.015 | -6 | -63 | $ 3,326,412.25 |
| DCN | DACIAN GOLD | 1.495 | -7 | -39 | $ 358,745,824.00 |
| TAM | TANAMI GOLD | 0.039 | -7 | -7 | $ 46,416,332.00 |
| MKG | MAKO GOLD | 0.065 | -7 | -40 | $ 6,845,958.50 |
| BBX | BBX MINERALS | 0.13 | -7 | -29 | $ 53,740,920.00 |
| BLK | BLACKHAM RESOURCES | 0.0125 | -8 | -71 | $ 56,594,912.00 |
| AME | ALTO METALS | 0.036 | -8 | -24 | $ 10,561,456.00 |
| PRU | PERSEUS MINING | 1.06 | -8 | 155 | $ 1,325,657,856.00 |
| BNR | BULLETIN RESOURCES | 0.023 | -8 | 0 | $ 4,123,740.75 |
| ERM | EMMERSON RESOURCES | 0.11 | -8 | 55 | $ 46,733,928.00 |
| TTM | TITAN MINERALS | 0.175 | -8 | -31 | $ 50,416,344.00 |
| GMN | GOLD MOUNTAIN | 0.073 | -9 | -4 | $ 46,966,556.00 |
| MLL | MALI LITHIUM | 0.071 | -9 | -57 | $ 23,166,412.00 |
| WAF | WEST AFRICAN RESOURCES | 0.42 | -10 | 77 | $ 378,658,304.00 |
| GSN | GREAT SOUTHERN MINING | 0.067 | -10 | 117 | $ 21,988,714.00 |
| RND | RAND MINING | 2.21 | -10 | 11 | $ 132,928,128.00 |
| BGL | BELLEVUE GOLD | 0.51 | -10 | 16 | $ 299,205,152.00 |
| GWR | GWR GROUP | 0.08 | -11 | -22 | $ 21,903,874.00 |
| PGI | PANTERRA GOLD | 0.037 | -12 | 54 | $ 7,220,241.00 |
| SVL | SILVER MINES | 0.105 | -13 | 75 | $ 99,765,672.00 |
| GBZ | GBM RESOURCES | 0.032 | -14 | -20 | $ 6,982,686.00 |
| RSG | RESOLUTE MINING | 1.115 | -14 | -4 | $ 1,097,331,840.00 |
| NWM | NORWEST MINERALS | 0.165 | -18 | 7 | $ 13,833,630.00 |
| PDI | PREDICTIVE DISCOVERY | 0.008 | -20 | -43 | $ 5,466,753.50 |
| ANL | AMANI GOLD | 0.002 | -20 | -49 | $ 12,093,122.00 |
| DTR | DATELINE RESOURCES | 0.002 | -20 | -33 | $ 16,420,156.00 |
| SIH | SIHAYO GOLD | 0.014 | -22 | -13 | $ 31,466,550.00 |
| SMI | SANTANA MINERALS | 0.003 | -25 | -40 | $ 10,735,782.00 |
| GSM | GOLDEN STATE MINING | 0.055 | -26 | -68 | $ 1,904,562.38 |
| MLS | METALS AUSTRALIA | 0.001 | -33 | -67 | $ 3,207,352.75 |
