The deadly coronavirus epidemic continues its spread outside China, prompting panicked investors to pour into gold once again.

The safe haven investment is currently at $US1661.20/oz ($2500 Australian) — its highest point since February 2013.

Gold over the past 3 months.

“While there were signs in early 2020 that the worst was over for world trade and manufacturing, that optimism has been dashed by the outbreak,” reports Oxford Economics.

“In China (the world’s second largest economy), we expect the near-term impact to see Q1 growth plunge to just 3.8 per cent year-on-year.”

All the major ASX-listed producers moved higher this week, led by Newcrest (ASX:NCM), Northern Star (ASX:NST), Regis Resources (ASX:RRL) and St Barbara (ASX:SBM).

 

Winners & Losers

Here’s how ASX gold stocks performed for the period Feb 18 — Feb 24 [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 MONDAY] MARKET CAP
BRV BIG RIVER GOLD 67 100 0.04 $ 42,150,320.00
PUA PURE ALUMINA 58 -54 0.019 $ 3,769,934.00
NWM NORWEST MINERALS 45 -12 0.16 $ 13,414,429.00
HRN HORIZON GOLD 44 32 0.255 $ 18,750,002.00
GUL GULLEWA 42 62 0.05 $ 6,204,924.00
BSR BASSARI RESOURCES 42 0 0.017 $ 35,816,324.00
AAJ ARUMA RESOURCES 40 -56 0.0035 $ 1,418,827.75
MDI MIDDLE ISLAND RESOURCES 40 40 0.0105 $ 8,988,974.00
AWV ANOVA METALS 38 22 0.011 $ 7,669,587.50
AYR ALLOY RESOURCES 33 -33 0.002 $ 4,177,354.75
BLK BLACKHAM RESOURCES 30 -54 0.013 $ 51,878,668.00
RGL RIVERSGOLD 30 -75 0.012 $ 3,214,298.25
SMI SANTANA MINERALS 25 25 0.0045 $ 12,077,755.00
DTR DATELINE RESOURCES 25 -17 0.0025 $ 16,420,156.00
STN SATURN METALS 24 206 0.6 $ 40,620,056.00
BBX BBX MINERALS 22 18 0.19 $ 76,477,464.00
ALY ALCHEMY RESOURCES 20 -4 0.013 $ 6,606,292.00
MEU MARMOTA 16 207 0.044 $ 36,308,864.00
GML GATEWAY MINING 15 7 0.015 $ 17,415,008.00
SLZ SULTAN RESOURCES 14 19 0.089 $ 4,095,775.75
AQI ALICANTO MINERALS 13 183 0.08 $ 18,701,802.00
RED RED 5 13 172 0.365 $ 429,554,432.00
CAI CALIDUS RESOURCES 13 13 0.335 $ 64,406,720.00
ARV ARTEMIS RESOURCES 13 -54 0.037 $ 34,811,480.00
PDI PREDICTIVE DISCOVERY 13 -10 0.008 $ 5,466,753.50
SIH SIHAYO GOLD 13 29 0.018 $ 37,759,860.00
CMM CAPRICORN METALS 12 322 1.43 $ 411,383,456.00
A1G AFRICAN GOLD 12 -46 0.15 $ 7,843,500.00
PRX PRODIGY GOLD NL 11 -19 0.06 $ 31,934,518.00
GBR GREAT BOULDER RESOURCES 11 -75 0.037 $ 5,338,160.00
WAF WEST AFRICAN RESOURCES 10 109 0.63 $ 522,287,296.00
OAU ORA GOLD 10 100 0.023 $ 14,214,880.00
SVL SILVER MINES 10 90 0.11 $ 96,748,032.00
WGX WESTGOLD RESOURCES 10 101 2.44 $ 895,260,672.00
MTH MITHRIL RESOURCES 9 71 0.011 $ 5,394,281.50
VMC VENUS METALS CORP 9 62 0.24 $ 34,748,096.00
BGL BELLEVUE GOLD 8 -5 0.615 $ 339,099,168.00
DTM DART MINING NL 8 -42 0.075 $ 3,888,661.00
BNR BULLETIN RESOURCES 8 12 0.028 $ 5,020,206.00
ALK ALKANE RESOURCES 7 421 1.05 $ 574,232,960.00
MAT MATSA RESOURCES 7 -9 0.16 $ 31,453,018.00
CXU CAULDRON ENERGY 7 -25 0.015 $ 5,144,347.50
PRU PERSEUS MINING 7 195 1.2875 $ 1,477,495,296.00
NST NORTHERN STAR RESOURCES 7 52 14.94 $ 10,715,906,048.00
EVN EVOLUTION MINING 7 23 4.535 $ 7,669,819,904.00
RSG RESOLUTE MINING 6 4 1.22 $ 1,237,884,928.00
MOH MOHO RESOURCES NL 6 -25 0.11 $ 4,759,364.50
TAM TANAMI GOLD NL 6 18 0.053 $ 61,105,048.00
BRB BREAKER RESOURCES NL 6 -40 0.28 $ 57,830,020.00
AME ALTO METALS 6 6 0.063 $ 9,387,961.00
RRL REGIS RESOURCES 5 -14 4.61 $ 2,337,630,208.00
GBZ GBM RESOURCES 5 30 0.08 $ 12,537,839.00
TBR TRIBUNE RESOURCES 5 39 5.44 $ 299,161,280.00
SBM ST BARBARA 5 -36 2.915 $ 2,069,516,800.00
GMN GOLD MOUNTAIN 5 -1 0.065 $ 37,446,308.00
AAR ANGLO AUSTRALIAN RESOURCES 5 102 0.11 $ 47,048,648.00
ARS ALT RESOURCES 5 -12 0.024 $ 11,749,698.00
AGS ALLIANCE RESOURCES 4 16 0.12 $ 18,484,600.00
OKU OKLO RESOURCES 4 -2 0.255 $ 94,941,544.00
GOR GOLD ROAD RESOURCES 3 89 1.745 $ 1,494,133,120.00
SLR SILVER LAKE RESOURCES 3 139 1.765 $ 1,539,727,232.00
NCM NEWCREST MINING 3 14 29.835 $ 21,765,951,488.00
ADN ANDROMEDA METALS 2 633 0.044 $ 61,132,564.00
TRY TROY RESOURCES 2 -11 0.1 $ 57,517,804.00
NAG NAGAMBIE RESOURCES 2 -38 0.044 $ 21,596,752.00
SAR SARACEN MINERAL HOLDINGS 1 59 4.35 $ 4,643,170,816.00
BC8 BLACK CAT SYNDICATE 1 88 0.41 $ 31,146,458.00
RMS RAMELIUS RESOURCES 1 110 1.345 $ 849,426,816.00
ARL ARDEA RESOURCES 1 36 0.41 $ 55,717,708.00
KCN KINGSGATE CONSOLIDATED 1 227 0.53 $ 122,162,008.00
MML MEDUSA MINING 1 63 0.725 $ 151,689,840.00
LNY LANEWAY RESOURCES 0 20 0.006 $ 22,320,396.00
TSC TWENTY SEVEN CO 0 60 0.007 $ 11,890,567.00
DHR DARK HORSE RESOURCES 0 -25 0.002 $ 6,160,990.50
AUC AUSGOLD 0 -23 0.018 $ 17,699,192.00
TLM TALISMAN MINING 0 -7 0.081 $ 15,303,528.00
SPX SPECTRUM METALS 0 2600 0.145 $ 196,772,128.00
MSR MANAS RESOUCES 0 -43 0.002 $ 7,929,487.50
TMX TERRAIN MINERALS 0 -20 0.004 $ 2,892,644.00
BAR BARRA RESOURCES 0 -44 0.02 $ 12,526,831.00
HRZ HORIZON MINERALS 0 -30 0.1 $ 44,937,396.00
GSN GREAT SOUTHERN MINING 0 58 0.059 $ 19,989,740.00
AZM AZUMAH RESOURCES 0 10 0.032 $ 31,314,618.00
RXL ROX RESOURCES 0 244 0.032 $ 43,738,416.00
VKA VIKING MINES 0 -25 0.009 $ 2,823,460.75
SAU SOUTHERN GOLD 0 7 0.165 $ 14,574,245.00
DAU DAMPIER GOLD 0 -39 0.023 $ 4,553,678.00
ANL AMANI GOLD 0 -20 0.002 $ 9,203,175.00
KRM KINGSROSE MINING 0 -35 0.031 $ 22,630,228.00
MLS METALS AUSTRALIA 0 -67 0.0015 $ 3,207,352.75
ARM AURORA MINERALS 0 -18 0.009 $ 2,108,399.00
BDC BARDOC GOLD 0 73 0.081 $ 113,915,632.00
KGM KALNORTH GOLD MINES 0 -20 0.004 $ 3,576,960.25
CWX CARAWINE RESOURCES 0 87 0.265 $ 21,248,562.00
AVW AVIRA RESOURCES 0 -33 0.002 $ 2,250,000.00
NES NELSON RESOURCES 0 -67 0.04 $ 2,112,870.50
GMR GOLDEN RIM RESOURCES 0 -41 0.009 $ 11,629,661.00
PGI PANTERRA GOLD 0 -10 0.03 $ 5,463,966.00
DCN DACIAN GOLD 0 -49 1.4 $ 319,798,176.00
EMR EMERALD RESOURCES NL -1 10 0.048 $ 186,284,656.00
GWR GWR GROUP -1 -24 0.076 $ 19,866,306.00
OKR OKAPI RESOURCES -1 -63 0.075 $ 2,883,429.25
DGR DGR GLOBAL -1 -41 0.075 $ 45,375,460.00
CYL CATALYST METALS -1 51 3 $ 234,838,400.00
RML RESOLUTION MINERALS -1 55 0.077 $ 13,314,190.00
DGO DGO GOLD -2 163 1.79 $ 63,001,488.00
NUS NUSANTARA RESOURCES -2 36 0.285 $ 54,727,384.00
RND RAND MINING -2 27 2.16 $ 129,319,224.00
FML FOCUS MINERALS -2 -16 0.255 $ 42,945,912.00
AOP APOLLO CONSOLIDATED -2 51 0.25 $ 52,046,988.00
GSM GOLDEN STATE MINING -2 -35 0.085 $ 3,296,358.00
HAW HAWTHORN RESOURCES -2 23 0.084 $ 25,476,018.00
BCN BEACON MINERALS -3 68 0.035 $ 91,476,248.00
E2M E2 METALS -3 0 0.15 $ 14,239,817.00
CY5 CYGNUS GOLD -5 -28 0.042 $ 3,003,047.50
LEX LEFROY EXPLORATION -5 3 0.17 $ 19,092,482.00
TIE TIETTO MINERALS -5 175 0.295 $ 95,426,144.00
MKG MAKO GOLD -6 -47 0.071 $ 6,845,958.50
KTA KRAKATOA RESOURCES -6 25 0.03 $ 6,343,750.00
CHN CHALICE GOLD MINES -7 75 0.295 $ 73,998,400.00
NXM NEXUS MINERALS -7 -29 0.041 $ 4,966,103.50
MAU MAGNETIC RESOURCES NL -7 178 0.68 $ 137,514,272.00
ERM EMMERSON RESOURCES -7 4 0.08 $ 33,988,308.00
TAR TARUGA MINERALS -7 -75 0.013 $ 4,218,953.00
MLL MALI LITHIUM -8 -53 0.084 $ 26,974,590.00
TTM TITAN MINERALS -8 -52 0.115 $ 83,874,760.00
VAN VANGO MINING -8 -23 0.1 $ 89,281,976.00
CDV CARDINAL RESOURCES -8 -9 0.355 $ 172,908,576.00
SFM SANTA FE MINERALS -9 -32 0.064 $ 4,660,402.50
CGN CRATER GOLD MINING -9 -29 0.01 $ 13,502,455.00
TNR TORIAN RESOURCES -11 -68 0.009 $ 2,957,224.00
HMX HAMMER METALS -13 -16 0.021 $ 12,294,278.00
DEG DE GREY MINING -14 89 0.18 $ 197,324,640.00
WWI WEST WITS MINING -14 20 0.012 $ 11,250,372.00
GED GOLDEN DEEPS -14 -55 0.017 $ 5,050,954.00
KWR KINGWEST RESOURCES -15 0 0.18 $ 18,104,890.00
ONX ORMINEX -15 -54 0.067 $ 42,589,072.00
AMG AUSMEX MINING GROUP -18 -16 0.047 $ 26,127,988.00
CDT CASTLE MINERALS -18 29 0.008 $ 2,135,081.50
CTO CITIGOLD CORP -20 -33 0.004 $ 14,527,039.00
GNM GREAT NORTHERN MINERALS -29 -80 0.005 $ 2,081,615.00
CVS CERVANTES CORP

 

SMALL CAP HIGHLIGHTS

NORWEST MINERALS (ASX:NWM) +45%

Market Cap: $13.5m

Norwest’s very first reverse circulation drilling campaign at the new (for them) Bulgera project returned grades up to 29.3 grams per tonne (g/t) below and along strike of the old open pits – which indicates that historic mining barely scratched the surface.

Drilling intersected gold in 42 of the 46 holes drilled down-dip of the Bulgera and Mercuri pits. All were within 120m of surface, the company says.

Norwest is now planning a follow-up drill program to chase this gold even deeper and further along strike.

 

GULLEWA (ASX:GUL) +42%

Market Cap: $6.2m

Gullewa is a super low-profile exploration company which holds shares in other gold explorers. Importantly, Gullewa also has a 1 per cent royalty on a WA gold mine called Deflector, owned by Silver Lake Resources (ASX:SLR).

In FY19, Gullewa received a handy ~$1.67m in royalty payments from Deflector production.

Last week, Gullewa caught a rocket, probably because Silver Lake had just announced some spectacular drilling results next to the existing mine (like 1.9m grading 179g/t gold and 1.4 per cent copper).

This “has the potential to deliver near-term mineral resource growth,” says Silver Lake.

The miner also says that Deflector land package also contains “multiple known gold occurrences and historical mines within a 5km radius of the Deflector plant … and following the completion of the plant upgrade will be introduced to Silver Lake’s exploration programs”.

 

BLACKHAM RESOURCES (ASX:BLK) +30%

Market Cap:$51m

High-cost producer Blackham has endeavoured to ‘right the ship’ at its challenging Wiluna operation since first gold pour in 2016, without much luck.

The ~80,000oz producer’s share price, which plummeted from +70c during operational ramp up to its current 1.3c, tells the tale.

But not only is the current high gold price giving it some breathing space (finally), Blackham has hit high grades like 26m grading 15.69g/t during expansionary drilling.

It’s all part of Blackham’s stage-one expansion project, which will hopefully see underground production ramp up through 100,000oz to 120,000oz per annum starting from 2021. Timing isn’t everything; but it can be pretty damn important.

 

At Stockhead, we tell it like it is. While Norwest Minerals is a Stockhead advertiser, it did not sponsor this article.