Barring a slight dip early last week, gold continued its surge back towards record highs with a 2.3 per cent gain to $US1,583.89/oz ($2,355.42/oz) on continued concerns about the impact of the coronavirus on global growth.

 

gold price february 17 2020
On the climb again

Australian tourism has already been smacked around by the dual impact of the recent bushfires and the ban on Chinese tourists, while iron ore prices tumbled earlier this month.

Meanwhile, South East Asian powerhouse Singapore has slashed its 2020 gross domestic product (GDP) forecast to between -0.5 per cent and 1.5 per cent.

China is also planning to launch several stimulus measures to stall the impact of the coronavirus on its economy.

>>>Scroll down for this week’s top 3 small caps

Newcrest Mining’s (ASX:NCM) shares slipped after reporting a 12 per cent decline in gold production for the six months ending December 2019.

Despite this, it reported an 18 per cent increase in underlying profit to $280m due to a higher realised gold price, the favourable Australian to US dollar exchange rate and a lower depreciation expense.

Production at the company’s Cadia mine was down 9 per cent due to lower volumes and a fall in gold grades, while Lihir output fell 12 per cent due to lower head grades.

The company also trimmed production at its Telfer mine by 15 per cent as a delibrate change in its mill operating strategy.

 

WINNERS & LOSERS

Here’s how ASX gold stocks performed for the period Feb 3 — Feb 10 [intraday]:

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

CODE NAME PRICE [Intraday] YEARLY RETURN % WEEKLY RETURN % MARKET CAP
MOH MOHO RESOURCES NL 0.094 -14 125 $ 3,827,117.75
DEG DE GREY MINING LTD 0.205 131 56 $ 181,746,368.00
DGO DGO GOLD LTD 1.82 168 40 $ 61,241,668.00
CWX CARAWINE RESOURCES LTD 0.27 115 40 $ 18,157,862.00
SPX SPECTRUM METALS LTD 0.135 2600 36 $ 193,972,128.00
KWR KINGWEST RESOURCES LTD 0.195 33 29 $ 17,099,064.00
TAM TANAMI GOLD NL 0.05 9 28 $ 58,754,852.00
SLZ SULTAN RESOURCES LTD 0.08 4 28 $ 3,714,773.50
AQI ALICANTO MINERALS LTD 0.075 150 27 $ 15,181,462.00
VMC VENUS METALS CORP LTD 0.23 77 26 $ 27,194,162.00
MDI MIDDLE ISLAND RESOURCES LTD 0.006 0 25 $ 8,237,965.00
RXL ROX RESOURCES LTD 0.031 288 24 $ 40,822,524.00
BNR BULLETIN RESOURCES LTD 0.027 24 24 $ 4,482,327.00
CDT CASTLE MINERALS LTD 0.011 57 22 $ 2,372,312.75
DHR DARK HORSE RESOURCES LTD 0.003 -25 20 $ 7,393,189.00
PUA PURE ALUMINA LTD 0.012 -70 20 $ 2,661,130.00
GSN GREAT SOUTHERN MINING LTD 0.06 100 18 $ 18,990,254.00
ARS ALT RESOURCES LTD 0.024 -12 16 $ 11,749,698.00
HMX HAMMER METALS LTD 0.024 4 14 $ 13,411,939.00
PDI PREDICTIVE DISCOVERY LTD 0.008 -38 14 $ 4,859,336.50
MAU MAGNETIC RESOURCES NL 0.74 217 14 $ 140,547,680.00
MLL MALI LITHIUM LTD 0.094 -39 14 $ 28,561,330.00
SAU SOUTHERN GOLD LTD 0.175 23 13 $ 14,132,601.00
GSM GOLDEN STATE MINING LTD 0.095 -33 13 $ 3,186,479.50
ONX ORMINEX LTD 0.079 -49 13 $ 42,589,072.00
WAF WEST AFRICAN RESOURCES LTD 0.5575 112 13 $ 457,001,408.00
ARM AURORA MINERALS LTD 0.009 -27 13 $ 2,108,399.00
EVN EVOLUTION MINING LTD 4.265 15 12 $ 6,987,723,776.00
GBR GREAT BOULDER RESOURCES LTD 0.037 -74 12 $ 5,071,252.00
RGL RIVERSGOLD LTD 0.009 -80 11 $ 2,177,537.25
GMR GOLDEN RIM RESOURCES LTD 0.01 -33 11 $ 11,629,661.00
RML RESOLUTION MINERALS LTD 0.075 39 11 $ 13,314,190.00
ALK ALKANE RESOURCES LTD 0.98 398 9 $ 565,532,480.00
ARV ARTEMIS RESOURCES LTD 0.033 -59 9 $ 32,763,748.00
LEX LEFROY EXPLORATION LTD 0.2 8 8 $ 19,594,916.00
BGL BELLEVUE GOLD LTD 0.55 -12 8 $ 322,001,728.00
MAT MATSA RESOURCES LTD 0.1525 -13 8 $ 29,283,844.00
WWI WEST WITS MINING LTD 0.015 75 8 $ 14,062,965.00
DGR DGR GLOBAL LTD 0.075 -38 7 $ 44,149,096.00
SIH SIHAYO GOLD LTD 0.016 14 7 $ 33,564,320.00
KTA KRAKATOA RESOURCES LTD 0.032 28 7 $ 7,328,125.00
BBX BBX MINERALS LTD 0.16 -9 7 $ 70,276,584.00
PRU PERSEUS MINING LTD 1.19 194 6 $ 1,389,896,832.00
MKG MAKO GOLD LTD 0.069 -44 6 $ 6,745,282.50
BC8 BLACK CAT SYNDICATE LTD 0.375 95 6 $ 30,936,010.00
SLR SILVER LAKE RESOURCES LTD 1.685 175 6 $ 1,486,936,576.00
RED RED 5 LTD 0.3 131 5 $ 354,849,312.00
NXM NEXUS MINERALS LTD 0.043 -37 5 $ 5,202,584.50
MTH MITHRIL RESOURCES LTD 0.011 83 5 $ 4,903,892.00
AGS ALLIANCE RESOURCES LTD 0.115 17 5 $ 16,944,216.00
DAU DAMPIER GOLD LTD 0.023 -39 5 $ 4,553,678.00
GOR GOLD ROAD RESOURCES LTD 1.6425 105 4 $ 1,467,766,144.00
EMR EMERALD RESOURCES NL 0.048 17 4 $ 178,681,200.00
AOP APOLLO CONSOLIDATED LTD 0.24 29 4 $ 50,939,604.00
TTM TITAN MINERALS LTD 0.12 -48 4 $ 95,150,768.00
CAI CALIDUS RESOURCES LTD 0.27 -4 4 $ 56,892,600.00
STN SATURN METALS LTD 0.445 123 3 $ 33,301,126.00
ARL ARDEA RESOURCES LTD 0.5 29 3 $ 61,582,728.00
HAW HAWTHORN RESOURCES LTD 0.082 12 3 $ 25,476,018.00
CMM CAPRICORN METALS LTD 1.25 282 2 $ 398,323,680.00
SAR SARACEN MINERAL HOLDINGS LTD 4.21 35 2 $ 4,543,910,400.00
RSG RESOLUTE MINING LTD 1.12 5 1 $ 1,170,552,192.00
CDV CARDINAL RESOURCES LTD 0.37 -4 1 $ 180,318,944.00
BDC BARDOC GOLD LTD 0.08 73 1 $ 109,747,992.00
NST NORTHERN STAR RESOURCES LTD 13.72 41 1 $ 10,175,426,560.00
SBM ST BARBARA LTD 2.755 -43 1 $ 1,922,692,992.00
KGM KALNORTH GOLD MINES LTD 0.004 -20 0 $ 3,576,960.25
LNY LANEWAY RESOURCES LTD 0.006 9 0 $ 18,600,330.00
GNM GREAT NORTHERN MINERALS LTD 0.007 -77 0 $ 2,428,550.75
BCN BEACON MINERALS LTD 0.034 73 0 $ 91,476,248.00
TSC TWENTY SEVEN CO LTD 0.008 60 0 $ 12,633,727.00
SVL SILVER MINES LTD 0.1 69 0 $ 87,952,760.00
AWV ANOVA METALS LTD 0.009 -20 0 $ 5,113,058.00
AYR ALLOY RESOURCES LTD 0.0015 -50 0 $ 4,177,354.75
TAR TARUGA MINERALS LTD 0.014 -72 0 $ 4,473,487.50
CXU CAULDRON ENERGY LTD 0.014 -44 0 $ 4,801,391.00
AUC AUSGOLD LTD 0.017 -23 0 $ 17,699,192.00
TNR TORIAN RESOURCES LTD 0.009 -64 0 $ 2,952,031.00
GUL GULLEWA LTD 0.033 14 0 $ 5,119,062.50
TMX TERRAIN MINERALS LTD 0.004 -20 0 $ 2,892,644.00
BAR BARRA RESOURCES LTD 0.018 -44 0 $ 10,737,283.00
AZM AZUMAH RESOURCES LTD 0.032 14 0 $ 31,314,618.00
ANL AMANI GOLD LTD 0.002 -50 0 $ 12,270,899.00
KRM KINGSROSE MINING LTD 0.034 -44 0 $ 24,090,242.00
MLS METALS AUSTRALIA LTD 0.001 -67 0 $ 3,207,352.75
OAU ORA GOLD LTD 0.021 67 0 $ 12,922,618.00
CTO CITIGOLD CORP LTD 0.005 -17 0 $ 12,105,866.00
CGN CRATER GOLD MINING LTD 0.011 -15 0 $ 13,502,455.00
NWM NORWEST MINERALS LTD 0.11 -38 0 $ 9,222,420.00
DTR DATELINE RESOURCES LTD 0.002 0 0 $ 16,420,156.00
AAR ANGLO AUSTRALIAN RESOURCES 0.11 96 0 $ 49,094,240.00
TRY TROY RESOURCES LTD 0.091 -13 0 $ 55,621,612.00
AVW AVIRA RESOURCES LTD 0.002 -33 0 $ 2,250,000.00
DCN DACIAN GOLD LTD 1.4 -48 0 $ 319,798,176.00
AME ALTO METALS LTD 0.034 -13 0 $ 9,094,587.00
TBR TRIBUNE RESOURCES LTD 5 30 0 $ 283,065,408.00
RRL REGIS RESOURCES LTD 4.48 -19 -1 $ 2,185,176,064.00
KCN KINGSGATE CONSOLIDATED LTD 0.535 224 -1 $ 118,768,616.00
WGX WESTGOLD RESOURCES LTD 2.17 94 -1 $ 883,270,592.00
CHN CHALICE GOLD MINES LTD 0.3 140 -2 $ 82,220,440.00
TIE TIETTO MINERALS LTD 0.29 212 -2 $ 98,511,976.00
BRB BREAKER RESOURCES NL 0.26 -44 -2 $ 57,830,020.00
RND RAND MINING LTD 2.2 27 -2 $ 135,334,064.00
CY5 CYGNUS GOLD LTD 0.044 -37 -2 $ 3,003,047.50
MEU MARMOTA LTD 0.038 147 -3 $ 32,086,902.00
HRN HORIZON GOLD LIMITED 0.17 -3 -3 $ 13,010,205.00
NUS NUSANTARA RESOURCES LTD 0.29 26 -3 $ 54,727,384.00
NCM NEWCREST MINING LTD 28 14 -3 $ 22,327,207,936.00
GWR GWR GROUP LTD 0.077 -23 -4 $ 20,121,002.00
FML FOCUS MINERALS LTD 0.245 -17 -4 $ 44,773,400.00
NAG NAGAMBIE RESOURCES LTD 0.047 -28 -4 $ 21,596,752.00
OKU OKLO RESOURCES LTD 0.24 -4 -4 $ 99,069,440.00
CYL CATALYST METALS LTD 2.86 80 -4 $ 248,846,304.00
ADN ANDROMEDA METALS LTD 0.044 514 -4 $ 63,922,196.00
ERM EMMERSON RESOURCES LTD 0.085 25 -4 $ 36,112,580.00
TLM TALISMAN MINING LTD 0.081 -5 -5 $ 15,116,899.00
AMG AUSMEX MINING GROUP LTD 0.056 -7 -5 $ 29,558,936.00
RMS RAMELIUS RESOURCES LTD 1.225 111 -5 $ 829,672,704.00
GML GATEWAY MINING LTD 0.013 -19 -7 $ 18,754,624.00
GMN GOLD MOUNTAIN LTD 0.065 -10 -7 $ 43,793,140.00
DTM DART MINING NL 0.065 -46 -7 $ 3,829,742.00
VAN VANGO MINING LTD 0.12 -19 -7 $ 93,002,064.00
MML MEDUSA MINING LTD 0.69 90 -8 $ 155,845,728.00
HRZ HORIZON MINERALS LTD 0.105 -16 -9 $ 44,937,396.00
BLK BLACKHAM RESOURCES LTD 0.011 -64 -9 $ 47,162,424.00
VKA VIKING MINES LTD 0.009 -18 -10 $ 3,137,178.50
GBZ GBM RESOURCES LTD 0.062 55 -11 $ 12,152,059.00
PRX PRODIGY GOLD NL 0.054 -17 -13 $ 27,870,126.00
A1G AFRICAN GOLD LTD 0.13 -57 -13 $ 7,553,000.00
E2M E2 METALS LTD 0.155 7 -14 $ 13,780,468.00
BSR BASSARI RESOURCES LTD 0.013 -29 -14 $ 33,428,570.00
OKR OKAPI RESOURCES LTD 0.075 -66 -16 $ 2,739,257.75
GED GOLDEN DEEPS LTD 0.021 -49 -16 $ 6,453,997.00
AAJ ARUMA RESOURCES LTD 0.0025 -69 -17 $ 2,128,241.75
ALY ALCHEMY RESOURCES LTD 0.01 -5 -17 $ 6,055,768.00
NES NELSON RESOURCES LTD 0.04 -69 -18 $ 1,823,713.88
MSR MANAS RESOUCES LTD 0.002 -43 -20 $ 7,929,487.50
SMI SANTANA MINERALS LTD 0.004 -33 -20 $ 10,735,782.00
PGI PANTERRA GOLD LTD 0.027 -4 -25 $ 5,268,824.50
SFM SANTA FE MINERALS LTD $ 5,097,315.00
CVS CERVANTES CORP LTD

 

Moho Resources (ASX:MOH) +125%

Market Cap: ~ $4m

Moho was a standout performer last week, rising 125 per cent after drilling extended known high-grade gold mineralisation at its East Sampson Dam prospect by 25m to the north and south of previous drilling.

The top result was 2m at 24.61 grams per tonne (g/t) gold from a depth of 56m, within a broader intersection of 5m at 10.36g/t gold from 54m.

The company expects to deliver a maiden resource in March and the results to date make it more likely that it could achieve its goal of bringing the prospect into early production.

 

De Grey Mining (ASX:DEG) +56%

Market Cap: ~ $213m

The thick, shallow and high-grade drilling results at the Hemi discovery sent shares in De Grey up 56 per cent.

A top result was 13m grading 8.8g/t inside a larger 40m intersection grading 5.1g/t.

The hits confirm a substantial, steeply dipping zone of high-grade gold at Section A, which is currently 30m wide extending to 130m below surface.

 

 

DGO Gold (ASX:DGO) +40%

Market Cap: ~$63m

In a repeat of last week, DGO’s 10.7 per cent shareholding in De Grey has once again granted it a position in the top gainers despite the lack of any news.

 

DGO itself has 100 per cent-owned tenements adjoining De Grey’s Pilbara ground and has plans to start a drilling program in March 2020.

At Stockhead, we tell it like it is. While Moho and De Grey are Stockhead advertisers, they did not sponsor this article.