A 4.21 per cent gain in January – from ~$US1,513.50 to $US1,583.50 – is gold’s biggest one-month increase since August last year.

This renewed appetite for gold as a safe haven investment comes as coronavirus fears grip overheated financial markets, mostly due to the risks it poses to China’s large economy.

“Looking ahead, we expect gold’s safe haven qualities to remain at the forefront of investors’ minds as they navigate global tensions, low yields, and stretched equity valuations,” World Gold Council head of market intelligence Alistair Hewitt says.

>>>Scroll down for this week’s top 5 small caps

 

WINNERS & LOSERS

For our big miners, which have been reporting on the December quarter, it was a mixed bag last week.

New S&P/ASX 20 entrant Newcrest (ASX:NCM) dropped about 10 per cent on a solid looking quarterly report (production up to 551,000oz, costs down to $859/oz). It pared some of those losses after announcing the sale of its Gosowong mine in Indonesia for $90m.

Evolution (ASX:EVN), St Barbara (ASX:SBM), and Resolute Mining (ASX:RSG) also fell back over the week.

At the other end, $4.4bn Saracen Mineral Holdings (ASX:SAR) and $850m Ramelius Resources (ASX:RMS) gained 6 per cent and 8 per cent respectively.

READ: This is how $3m market cap minnow Ramelius became an $850m gold miner

 

Here’s how ASX gold stocks performed for the period January 27 — Febuary 03 [intraday]:

Scroll or swipe to reveal table. Click headings to sort. Best viewed on a laptop:

CODE NAME 1 WEEK RETURN % 1 YEAR RETURN % PRICE [INTRADAY] MARKET CAP
NCM NEWCREST MINING -8 20 29.91 $ 23,434,340,352.00
NST NORTHERN STAR RESOURCES 0 45 12.97 $ 9,306,332,160.00
EVN EVOLUTION MINING -2 -4 3.76 $ 6,305,994,752.00
SAR SARACEN MINERAL HOLDINGS 6 21 4.005 $ 4,433,621,504.00
RRL REGIS RESOURCES 2 -12 4.525 $ 2,286,812,160.00
SBM ST BARBARA -4 -42 2.745 $ 1,929,684,608.00
SLR SILVER LAKE RESOURCES 4 201 1.63 $ 1,447,343,616.00
PRU PERSEUS MINING 4 192 1.19 $ 1,401,576,576.00
GOR GOLD ROAD RESOURCES 5 84 1.445 $ 1,313,958,272.00
RSG RESOLUTE MINING -2 2 1.145 $ 1,186,090,496.00
WGX WESTGOLD RESOURCES -3 128 2.18 $ 879,273,920.00
RMS RAMELIUS RESOURCES 8 130 1.36 $ 849,426,816.00
ALK ALKANE RESOURCES 17 268 0.79 $ 455,326,144.00
CMM CAPRICORN METALS 0 268 1.25 $ 402,745,568.00
WAF WEST AFRICAN RESOURCES 10 98 0.485 $ 391,715,488.00
RED RED 5 -5 140 0.305 $ 367,300,160.00
DCN DACIAN GOLD 0 -45 1.4 $ 320,940,320.00
TBR TRIBUNE RESOURCES 0 56 5.12 $ 319,142,368.00
BGL BELLEVUE GOLD -7 -8 0.49 $ 279,258,144.00
CYL CATALYST METALS 2 87 2.9 $ 238,132,784.00
CDV CARDINAL RESOURCES 3 -13 0.39 $ 182,789,072.00
MML MEDUSA MINING -7 104 0.79 $ 158,962,640.00
EMR EMERALD RESOURCES NL 14 20 0.048 $ 152,422,624.00
RND RAND MINING 1 25 2.27 $ 141,348,912.00
SPX SPECTRUM METALS -1 1700 0.091 $ 124,696,368.00
KCN KINGSGATE CONSOLIDATED 19 265 0.54 $ 123,293,136.00
MAU MAGNETIC RESOURCES NL 2 200 0.6 $ 121,216,120.00
VAN VANGO MINING 0 -6 0.145 $ 115,322,560.00
BDC BARDOC GOLD 0 58 0.08 $ 112,526,424.00
OKU OKLO RESOURCES 35 0 0.24 $ 103,197,336.00
BCN BEACON MINERALS -14 71 0.035 $ 102,910,776.00
TTM TITAN MINERALS -16 -44 0.135 $ 100,943,568.00
TIE TIETTO MINERALS 15 285 0.31 $ 95,684,176.00
SVL SILVER MINES 0 88 0.11 $ 92,350,400.00
CHN CHALICE GOLD MINES -4 108 0.285 $ 76,739,080.00
ADN ANDROMEDA METALS -8 683 0.044 $ 71,149,872.00
BRB BREAKER RESOURCES NL -7 -27 0.255 $ 61,299,820.00
NUS NUSANTARA RESOURCES 0 41 0.31 $ 60,488,160.00
TRY TROY RESOURCES -4 -10 0.095 $ 60,046,056.00
ARL ARDEA RESOURCES -11 14 0.5 $ 58,063,716.00
CAI CALIDUS RESOURCES -2 13 0.265 $ 55,819,156.00
AOP APOLLO CONSOLIDATED -12 56 0.23 $ 53,154,368.00
BLK BLACKHAM RESOURCES 0 -71 0.011 $ 51,878,668.00
BBX BBX MINERALS 0 -7 0.125 $ 51,673,960.00
DEG DE GREY MINING 0 -52 0.047 $ 50,888,984.00
TAM TANAMI GOLD NL 3 -18 0.04 $ 49,354,076.00
FML FOCUS MINERALS 16 27 0.26 $ 46,600,884.00
AAR ANGLO AUSTRALIAN RESOURCES 4 94 0.115 $ 46,437,336.00
GMN GOLD MOUNTAIN -3 -8 0.07 $ 45,697,188.00
HRZ HORIZON MINERALS -9 -19 0.105 $ 44,937,396.00
ONX ORMINEX -11 -58 0.081 $ 43,128,172.00
DGR DGR GLOBAL 0 -41 0.075 $ 42,922,732.00
RXL ROX RESOURCES 0 238 0.026 $ 39,364,576.00
PRX PRODIGY GOLD NL -1 -11 0.066 $ 38,902,048.00
ERM EMMERSON RESOURCES -2 31 0.086 $ 38,661,704.00
BSR BASSARI RESOURCES -6 -21 0.014 $ 35,816,324.00
STN SATURN METALS 9 161 0.46 $ 34,398,964.00
SIH SIHAYO GOLD -6 -25 0.015 $ 33,564,320.00
AMG AUSMEX MINING GROUP -3 23 0.066 $ 33,253,804.00
AZM AZUMAH RESOURCES 0 22 0.033 $ 32,293,200.00
BC8 BLACK CAT SYNDICATE -3 138 0.37 $ 31,988,254.00
DGO DGO GOLD 5 34 0.9 $ 31,676,726.00
MLL MALI LITHIUM -3 -41 0.098 $ 31,417,464.00
MAT MATSA RESOURCES -4 -16 0.13 $ 29,283,844.00
MEU MARMOTA 39 187 0.04 $ 27,020,550.00
HAW HAWTHORN RESOURCES 7 45 0.087 $ 26,455,864.00
VMC VENUS METALS CORP 0 35 0.18 $ 26,438,770.00
LNY LANEWAY RESOURCES 17 40 0.007 $ 26,040,462.00
ARV ARTEMIS RESOURCES -4 -68 0.028 $ 25,346,374.00
KRM KINGSROSE MINING 7 -46 0.032 $ 23,360,236.00
NAG NAGAMBIE RESOURCES 33 -26 0.048 $ 22,496,618.00
GWR GWR GROUP -2 -19 0.081 $ 21,139,786.00
GML GATEWAY MINING -6 -6 0.016 $ 20,094,240.00
LEX LEFROY EXPLORATION 0 6 0.185 $ 19,594,916.00
AUC AUSGOLD 0 -26 0.017 $ 18,805,392.00
E2M E2 METALS -10 112 0.18 $ 16,995,910.00
GSN GREAT SOUTHERN MINING -2 70 0.051 $ 16,991,280.00
AGS ALLIANCE RESOURCES -5 -11 0.105 $ 16,944,216.00
HRN HORIZON GOLD LIMITED -4 26 0.2 $ 16,836,736.00
DTR DATELINE RESOURCES 0 0 0.0025 $ 16,420,156.00
TLM TALISMAN MINING -5 2 0.089 $ 16,236,669.00
CWX CARAWINE RESOURCES -11 33 0.2 $ 15,453,500.00
OAU ORA GOLD 0 69 0.021 $ 14,861,011.00
SAU SOUTHERN GOLD -14 -5 0.16 $ 14,132,601.00
NWM NORWEST MINERALS -6 -11 0.13 $ 13,833,630.00
KWR KINGWEST RESOURCES -9 -13 0.145 $ 13,578,668.00
CGN CRATER GOLD MINING 0 -15 0.011 $ 13,502,455.00
GBZ GBM RESOURCES 11 17 0.07 $ 13,502,288.00
SMI SANTANA MINERALS 0 -29 0.004 $ 13,419,728.00
ANL AMANI GOLD 0 -49 0.0025 $ 12,270,899.00
CTO CITIGOLD CORP 11 -29 0.005 $ 12,105,866.00
BAR BARRA RESOURCES 0 -44 0.02 $ 11,930,315.00
HMX HAMMER METALS 5 0 0.023 $ 11,158,378.00
ARS ALT RESOURCES 0 -24 0.018 $ 10,574,728.00
GMR GOLDEN RIM RESOURCES -20 -53 0.009 $ 10,466,695.00
WWI WEST WITS MINING 9 33 0.015 $ 10,312,841.00
TSC TWENTY SEVEN CO 0 17 0.007 $ 9,921,951.00
A1G AFRICAN GOLD 17 -10 0.18 $ 9,877,000.00
AQI ALICANTO MINERALS 12 58 0.055 $ 9,691,081.00
AME ALTO METALS -6 -27 0.032 $ 9,387,961.00
PGI PANTERRA GOLD -10 46 0.035 $ 7,805,666.00
RML RESOLUTION MINERALS 27 -5 0.065 $ 7,401,352.00
MKG MAKO GOLD 10 -40 0.076 $ 7,248,662.00
DHR DARK HORSE RESOURCES -29 -38 0.0025 $ 7,103,779.00
GED GOLDEN DEEPS 0 -36 0.025 $ 7,015,214.00
CXU CAULDRON ENERGY -30 -18 0.014 $ 6,859,130.00
MSR MANAS RESOUCES 25 -38 0.0025 $ 6,607,906.00
ALY ALCHEMY RESOURCES -8 -5 0.011 $ 6,055,768.00
KTA KRAKATOA RESOURCES -6 36 0.03 $ 5,950,000.00
AWV ANOVA METALS 0 -10 0.009 $ 5,752,190.50
NXM NEXUS MINERALS -7 -24 0.042 $ 4,966,103.50
MTH MITHRIL RESOURCES 0 67 0.01 $ 4,903,892.00
PDI PREDICTIVE DISCOVERY 0 -33 0.008 $ 4,859,336.50
MDI MIDDLE ISLAND RESOURCES -33 -20 0.004 $ 4,707,408.50
GUL GULLEWA 0 20 0.03 $ 4,653,693.00
DAU DAMPIER GOLD 0 -31 0.022 $ 4,355,692.00
DTM DART MINING NL -11 -20 0.08 $ 4,281,528.50
GBR GREAT BOULDER RESOURCES 6 -73 0.037 $ 4,270,528.00
AYR ALLOY RESOURCES 0 -33 0.002 $ 4,177,354.75
TAR TARUGA MINERALS -13 -69 0.013 $ 4,153,953.00
BNR BULLETIN RESOURCES 15 -4 0.023 $ 4,123,740.75
CY5 CYGNUS GOLD 9 -17 0.05 $ 3,685,558.25
KGM KALNORTH GOLD MINES -20 -20 0.005 $ 3,576,960.25
SLZ SULTAN RESOURCES 1 24 0.071 $ 3,333,771.00
MLS METALS AUSTRALIA 0 -67 0.001 $ 3,207,352.75
VKA VIKING MINES -17 -9 0.01 $ 3,137,178.50
PUA PURE ALUMINA 8 -59 0.014 $ 3,104,651.50
TMX TERRAIN MINERALS 0 -20 0.004 $ 2,892,644.00
OKR OKAPI RESOURCES -1 -64 0.08 $ 2,883,429.25
TNR TORIAN RESOURCES 0 -64 0.009 $ 2,871,035.00
GSM GOLDEN STATE MINING -13 -55 0.077 $ 2,820,217.50
GNM GREAT NORTHERN MINERALS -11 -73 0.008 $ 2,775,486.75
AVW AVIRA RESOURCES 0 -33 0.002 $ 2,250,000.00
NES NELSON RESOURCES -2 -65 0.049 $ 2,234,049.50
AAJ ARUMA RESOURCES 0 -57 0.002 $ 2,128,241.75
MOH MOHO RESOURCES NL 0 -70 0.043 $ 2,109,821.25
ARM AURORA MINERALS -10 -38 0.009 $ 2,108,399.00
RGL RIVERSGOLD 11 -83 0.01 $ 1,959,783.50
CDT CASTLE MINERALS 0 0 0.008 $ 1,897,850.13
CODE NAME 1 WEEK RETURN % 1 YEAR RETURN % PRICE {INTRADAY] MARKET CAP

 

TOP 5 SMALL CAPS

Marmota (ASX:MEU) +39%

The innovative explorer hit 4m grading 24 grams per tonne (g/t), 68m from surface at its flagship Aurora Tank project. Pretty good, you might say.

But what makes this intercept interesting is that it comes from the newly discovered NW flank zone, found in Marmota’s most recent 2019 drilling program while following up elevated tree sampling.

That’s right – tree sampling.

READ: Gold: It DOES grow on trees, and this company is hitting paydirt by scanning leaves

 

Oklo Resources (ASX:OKU) +35%

Similarly, Oklo found a new thick, high-grade zone at the Seko deposit, part of its flagship Dandoko project in Mali.

Results included 55m at 7.65g/t, about 50m from surface.

The explorer – which counts Resolute Mining as a major shareholder – will incorporate these new results into a maiden resource estimate at Seko, due for completion in Q2.

READ: Oklo is uncovering some pretty nice African riches as the high-grade hits keep coming

 

Nagambie Resources (ASX:NAG) +33%

Nagambie listed in 2006 to explore around its former namesake mine in rural Victoria, which produced about 134,000oz of gold from open pits between 1989 and 1995.

That never really panned out, so the company then looked at storing excavation material produced from tunnelling and other excavation work at the West Gate Tunnel, Melbourne Metro Rail and North East Link in the old open pits.

While this project remains on the table, Nagambie is now refocusing on actual exploration as Fosterville reinvigorates the region.

Last week, it announced a strategic partnership with Canadian gold company Mawson Resources to explore and develop Nagambie’s extensive tenement holdings.

“Mawson has a very experienced and successful geological team and their endorsement of our model-based use of geophysics, supported by the first ever deep diamond drilling in the Waranga Domain, is very gratifying,” Nagambie chairman Mike Trumbull says.

“The Mawson chairman has said that he looks forward to working with us to find Victoria’s next major Fosterville-style gold deposit in Victoria and I totally concur.”

READ:  Who’s close to uncovering the next Nova or Fosterville?

 

Resolution Minerals (ASX:RML) +27%

Resolution — formerly Northern Cobalt — revealed plans to acquire up to 80 per cent of an Alaskan gold project called 64North in October last year.

64North literally surrounds Northern Star Resources’ (ASX:NST) high-grade Pogo mine, which has produced 4 million ounces of gold over the past 13 years and has another 6 million ounces in resource and reserves.

No news last week, but the explorer says a 7500m drilling program will kick off in the current quarter, focused on targets immediately adjacent to Northern Star’s recently announced Goodpaster discovery.

 

Manas Resources (ASX:MSR) +25%

Manas’ Mbengué gold project (MGP) in Côte d’Ivoire is close to some really big operations, like Barrick’s 4.5moz Tongon mine and Resolute’s 11.5moz Syama mine.

The explorer has now increased the project area from ~300sqkm to over 647sqkm.

“Manas has been systematically exploring at Mbengué and our activities have already identified a number of major structures with potential to host significant gold deposits,” Manas chairman Alan Campbell says.

“The newly expanded MGP project area is well located close to existing mine infrastructures in an underexplored portion of the highly-prospective Senoufo greenstone belt.

“With its strong cash position and low burn rate, the company is ideally placed to take advantage of any exploration success as our activities progress through 2020.”