The valuations of major gold miners remain weak despite falling debt and record dividends, according to the latest Metals Focus Gold Peer Group Analysis.

Australia’s largest gold miners Newcrest (ASX:NCM), Northern Star (ASX:NST), and Evolution (ASX:EVN) are down 24%, 33% and 34% respectively over the past 12 months.

In the mid cap space Regis Resources (ASX:RRL), Silver Lake Resources (ASX:SLR), Ramelius Resources (ASX:RMS) and Gold Road (ASX:GOR) have dropped 60%, 44%, 38% and 21% over the same period.

Perseus Mining (ASX:PRU) is the only standout – if you can call it that — having maintained a 0% return over the past year.

This is partially sentiment driven, with the precious metal struggling to stay above $US1,800 as other commodities boom. The current price of $US1,745/oz  is down 15% from all time highs hit last year.

And yet the fundamentals for major miners are strong, Metals Focus says.

“During the last gold bull market, which ended in 2012, gold miners had increasingly been using debt to fund project development in the pursuit of higher production,” it says.

“This changed as prices began declining and margins were squeezed, which led to miners reprioritising cost and capex reduction to maximise cash flow and lower debt.”

This strategy has been largely successful.

Net debt for global large cap gold miners has fallen from a peak of $US32bn in 2013 to its present level of US$6bn, Metals Focus says.

“Improved margins, thanks also to a rising gold price, has allowed companies to boost dividends and in some cases start share buy-back programmes,” it says.

“The weighted average dividend yield for the peer group is still a modest 3.1%, but this is a new high in our records going back to 2009.”

However, despite these improving financial metrics the sector’s rating has lagged.

“The weighted average enterprise value/EBITDA and the adjusted price to earnings ratio in Q2.21 were close to their lowest levels in our records going back to 2009,” Metals Focus says.

“This suggests that these companies are undervalued relative to historic levels despite strong fundamentals.”

Former geologist and experienced stockbroker Guy Le Page said as much in his Stockhead column this week.

“With the gold index off almost 40% from its July 2020 highs I believe it is time to re-enter the mid to large cap gold stocks and I think Evolution Mining (ASX:EVN) is probably a good option,” he says.

“EVN are a little more conservative in their growth strategy, sticking to First World jurisdictions, and somewhat cautious about stretching their balance sheet, however the company provides good leverage to any bounce in gold.”
 

Winners & Losers

Here’s how ASX-listed gold & silver stocks are performing:

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

CODE COMPANY 1 WEEK RETURN % 1 MONTH RETURN % 6 MONTH RETURN % 1 YEAR RETURN % PRICE MARKET CAP
A8G Australasian Gold 56 179 0.405 $ 12,941,752.29
KCN Kingsgate Consolidated 44 71 43 35 1.23 $ 261,158,134.54
AVW Avira Resources Ltd 40 75 8 -13 0.007 $ 10,312,740.00
MTC Metalstech Ltd 35 155 211 229 0.56 $ 79,588,819.00
MVL Marvel Gold Limited 26 28 36 13 0.068 $ 38,788,498.14
GML Gateway Mining 20 13 -36 -14 0.018 $ 34,265,440.80
AXE Archer Materials 18 -3 104 259 1.94 $ 454,274,559.27
AAJ Aruma Resources Ltd 17 52 84 -13 0.105 $ 11,336,535.27
POL Polymetals Resources 17 0 0.14 $ 5,435,255.98
NMR Native Mineral Res 16 11 -13 0.26 $ 7,491,510.00
STN Saturn Metals 14 7 22 -34 0.45 $ 52,928,819.70
WWI West Wits Mining Ltd 14 -17 -40 47 0.05 $ 74,424,611.63
SMI Santana Minerals Ltd 14 9 -11 -40 0.125 $ 17,675,058.58
NML Navarre Minerals Ltd 13 14 -35 -22 0.098 $ 65,609,382.19
PNM Pacific Nickel Mines 11 54 63 74 0.08 $ 16,117,127.70
STK Strickland Metals 11 37 164 14 0.052 $ 50,789,751.19
KTA Krakatoa Resources 11 49 16 -30 0.073 $ 20,924,404.11
GBR Greatbould Resources 10 96 323 252 0.165 $ 53,585,371.35
TRM Truscott Mining Corp 10 3 62 70 0.034 $ 5,014,070.95
RDT Red Dirt Metals Ltd 9 88 76 50 0.3 $ 38,112,728.00
RDS Redstone Resources 9 9 0 -29 0.012 $ 8,627,988.76
NWM Norwest Minerals 9 10 -4 -28 0.075 $ 13,545,545.63
FML Focus Minerals Ltd 9 2 -16 -45 0.255 $ 46,600,884.08
PNX PNX Metals Limited 8 -19 -13 -35 0.0065 $ 25,565,354.58
NAE New Age Exploration 8 18 -7 8 0.013 $ 18,666,685.83
M2R Miramar 8 11 -5 0.21 $ 9,915,154.20
FAU First Au Ltd 8 27 -18 -18 0.014 $ 7,990,173.80
CHZ Chesser Resources 7 0 -12 -31 0.145 $ 67,496,938.13
TBR Tribune Res Ltd 7 -1 -2 -33 5.15 $ 270,210,596.55
PDI Predictive Disc Ltd 7 24 99 125 0.155 $ 216,241,656.48
OZM Ozaurum Resources 7 11 3 0.155 $ 8,582,400.00
SLZ Sultan Resources Ltd 6 0 -13 -17 0.17 $ 11,820,846.13
PF1 Pathfinder Resources 6 19 40 0.35 $ 17,463,684.00
BYH Bryah Resources Ltd 6 12 2 -5 0.057 $ 12,331,601.80
TG1 Techgen Metals Ltd 5 18 0.2 $ 7,705,757.00
CWX Carawine Resources 5 -2 -28 -13 0.205 $ 22,322,429.91
LEX Lefroy Exploration 5 11 -42 65 0.42 $ 46,286,496.80
AAU Antilles Gold Ltd 5 10 -18 127 0.085 $ 21,200,641.39
BBX BBX Minerals Ltd 5 10 -19 -54 0.22 $ 98,474,617.13
SKY SKY Metals Ltd 4 7 -40 -23 0.096 $ 29,846,507.04
GED Golden Deeps 4 9 20 -25 0.012 $ 9,310,217.28
DEX Duke Exploration 4 -6 -26 0.245 $ 21,650,676.48
GIB Gibb River Diamonds 4 15 -11 60 0.075 $ 15,651,698.93
AGC AGC Ltd 4 4 -26 0.125 $ 8,127,274.08
AGC AGC Ltd 4 4 -26 0.125 $ 8,127,274.08
SNG Siren Gold 4 -12 -32 0.265 $ 17,206,724.16
AWJ Auric Mining 4 4 -25 0.135 $ 6,034,499.60
HRN Horizon Gold Ltd 3 23 -26 -4 0.35 $ 37,342,205.60
THR Thor Mining PLC 3 42 23 -3 0.0185 $ 11,163,348.39
NAG Nagambie Resources 3 -1 21 43 0.08 $ 40,494,520.03
HWK Hawkstone Mng Ltd 3 11 11 193 0.041 $ 68,793,777.24
DCN Dacian Gold Ltd 2 -7 -45 -37 0.21 $ 203,160,300.84
KRM Kingsrose Mining Ltd 2 -2 5 18 0.046 $ 35,770,360.25
CY5 Cygnus Gold Limited 2 0 -26 -31 0.125 $ 13,552,512.25
HAW Hawthorn Resources 2 16 -12 -46 0.051 $ 17,676,327.49
ICG Inca Minerals Ltd 2 27 51 150 0.14 $ 64,905,360.75
AME Alto Metals Limited 1 -7 10 -5 0.08 $ 36,020,778.88
ARN Aldoro Resources 1 -1 109 329 0.45 $ 38,681,979.16
MM8 Medallion Metals. 1 12 -8 0.235 $ 19,027,970.21
NUS Nusantara Resources 1 2 34 22 0.3475 $ 80,506,369.93
BGL Bellevue Gold Ltd 0 -9 -9 -21 0.8375 $ 842,839,708.64
ALK Alkane Resources Ltd 0 -16 15 -46 0.81 $ 494,172,704.00
PNR Pantoro Limited 0 16 13 10 0.22 $ 309,979,713.56
NVA Nova Minerals Ltd 0 32 -9 32 0.145 $ 252,141,997.05
MGV Musgrave Minerals 0 -5 -25 -51 0.275 $ 151,968,540.47
BCN Beacon Minerals 0 -6 -14 -4 0.032 $ 114,672,836.64
ARV Artemis Resources 0 39 6 -22 0.086 $ 105,419,802.68
LCL Los Cerros Limited 0 -7 -10 -24 0.13 $ 82,384,751.15
ENR Encounter Resources 0 55 50 66 0.24 $ 75,901,565.52
OKU Oklo Resources Ltd 0 4 -31 -57 0.12 $ 60,483,577.44
KSN Kingston Resources 0 15 -9 -15 0.195 $ 57,230,911.40
GWR GWR Group Ltd 0 -27 -41 -24 0.15 $ 42,390,102.02
WRM White Rock Min Ltd 0 -5 -50 -52 0.295 $ 41,315,073.88
BAT Battery Minerals Ltd 0 25 -44 0 0.015 $ 31,548,038.00
CTO Citigold Corp Ltd 0 10 -15 -8 0.011 $ 31,170,250.00
IPT Impact Minerals 0 25 -38 -40 0.015 $ 30,356,923.79
TRY Troy Resources Ltd 0 -5 -46 -58 0.037 $ 30,073,993.35
ANL Amani Gold Ltd 0 100 100 0 0.002 $ 28,410,393.49
ICL Iceni Gold 0 2 0.235 $ 28,148,298.36
KWR Kingwest Resources 0 89 0 -14 0.125 $ 26,034,648.88
BAR Barra Resources 0 29 29 13 0.027 $ 22,151,850.36
MCT Metalicity Limited 0 11 -29 -57 0.01 $ 21,437,715.32
CGN Crater Gold Min Ltd 0 0 -23 31 0.017 $ 20,867,429.74
LNY Laneway Res Ltd 0 0 -9 -38 0.005 $ 19,520,329.67
SI6 SI6 Metals Limited 0 -8 -37 -25 0.012 $ 17,137,727.82
SRN Surefire Rescs NL 0 0 -48 -7 0.014 $ 15,460,345.73
NPM Newpeak Metals 0 100 -33 -33 0.002 $ 13,654,870.31
KGM Kalnorth Gold Ltd 0 0 0 0 0.013 $ 11,625,120.78
PUA Peak Minerals Ltd 0 -16 -36 -45 0.016 $ 9,835,242.43
ALY Alchemy Resource Ltd 0 0 0 -33 0.014 $ 9,411,408.34
MLS Metals Australia 0 33 0 0 0.002 $ 8,454,376.09
FG1 Flynngold 0 3 0.155 $ 8,399,999.72
TMX Terrain Minerals 0 13 -10 -44 0.009 $ 6,621,849.08
WCN White Cliff Min Ltd 0 18 -32 8 0.013 $ 6,206,356.79
MAU Magnetic Resources 0 3 3 40 1.65 $ 359,986,258.50
CYL Catalyst Metals -1 -2 -6 -24 1.87 $ 182,092,826.86
WMC Wiluna Mining Corp -1 0 -5 -53 1.03 $ 161,473,429.68
ARL Ardea Resources Ltd -1 0 -7 5 0.485 $ 64,185,911.84
MDI Middle Island Res -1 -6 -63 -74 0.094 $ 11,507,312.87
AUT Auteco Minerals -1 -11 -12 -43 0.082 $ 136,708,672.75
AOP Apollo Consolidated -1 3 7 21 0.38 $ 113,732,030.10
TIE Tietto Minerals -1 6 -11 -35 0.33 $ 150,541,200.48
SAU Southern Gold -2 -3 -24 -50 0.065 $ 13,653,040.38
VAN Vango Mining Ltd -2 -3 -21 -37 0.063 $ 70,346,777.66
MAT Matsa Resources -2 11 -24 -53 0.061 $ 21,847,431.82
MKR Manuka Resources. -2 2 -20 -35 0.3 $ 29,432,408.27
E2M E2 Metals -2 6 -10 37 0.28 $ 42,131,939.64
MEG Megado -2 -4 -47 0.096 $ 4,089,635.81
GBZ GBM Rsources Ltd -2 2 20 -22 0.1175 $ 58,283,070.31
CST Castile Resources -2 -10 0 -37 0.215 $ 43,936,226.62
HCH Hot Chili Ltd -3 0 -15 -3 0.039 $ 165,957,633.89
RND Rand Mining Ltd -3 -4 -8 -25 1.46 $ 83,038,903.06
VMC Venus Metals Cor Ltd -3 -3 -15 -26 0.17 $ 24,172,589.28
BGD Bartongoldholdings -3 0 0.17 $ 15,451,199.28
YRL Yandal Resources -3 -2 15 100 0.5 $ 50,722,176.27
MRR Minrex Resources Ltd -3 -6 -30 -36 0.016 $ 9,330,192.88
MKG Mako Gold -3 9 -3 -10 0.094 $ 35,930,710.59
RGL Riversgold -3 -11 -35 -43 0.031 $ 11,313,181.49
AGS Alliance Resources -3 11 -19 -37 0.15 $ 31,202,570.10
EMR Emerald Res NL -3 6 3 45 0.86 $ 438,087,625.95
AGG AngloGold Ashanti -4 -12 -24 -43 4.155 $ 366,643,914.15
GSM Golden State Mining -4 8 -10 -46 0.13 $ 10,757,286.54
PGD Peregrine Gold -4 -13 0.37 $ 12,431,554.15
MEU Marmota Limited -4 11 14 0 0.049 $ 46,489,617.12
AL8 Alderan Resource Ltd -4 -4 -36 -59 0.047 $ 16,076,690.99
G50 Gold50Limited -4 4 0.235 $ 11,573,140.23
FFR Firefly Resources -4 0 -15 -26 0.115 $ 35,459,045.95
NXM Nexus Minerals Ltd -4 139 245 324 0.335 $ 85,453,084.85
TCG Turaco Gold Limited -4 -12 83 57 0.11 $ 38,621,601.50
NES Nelson Resources. -4 10 -68 -38 0.044 $ 8,354,564.39
ERM Emmerson Resources -4 -2 -4 -28 0.065 $ 33,381,978.76
DGO DGO Gold Limited -4 -11 -10 -17 2.8 $ 229,530,760.20
DTR Dateline Resources -4 -4 15 15 0.086 $ 38,236,838.90
DTM Dart Mining NL -5 -5 -36 -38 0.105 $ 10,494,274.98
A1G African Gold Ltd. -5 53 -5 78 0.24 $ 23,564,000.22
DEG De Grey Mining -5 -14 -9 -25 1.01 $ 1,324,727,487.53
RED Red 5 Limited -5 11 25 -37 0.2 $ 483,053,933.66
HXG Hexagon Energy -5 10 -24 40 0.08 $ 35,681,106.16
GMN Gold Mountain Ltd -5 0 -47 -51 0.02 $ 21,402,983.40
PRS Prospech Limited -5 -11 -43 0 0.08 $ 5,475,204.42
SVL Silver Mines Limited -5 0 -13 -3 0.195 $ 251,801,036.57
AUC Ausgold Limited -5 -3 -26 5 0.039 $ 60,243,282.56
NCM Newcrest Mining -5 -7 -6 -27 23.32 $ 19,353,419,906.56
M24 Mamba Exploration -5 9 -38 0.19 $ 7,030,000.00
TAM Tanami Gold NL -5 -3 -14 16 0.071 $ 83,431,890.27
SLR Silver Lake Resource -5 -1 -18 -44 1.325 $ 1,212,895,947.33
BNR Bulletin Res Ltd -5 30 -1 13 0.07 $ 17,751,915.24
TAR Taruga Minerals -5 2 16 -20 0.052 $ 27,139,180.32
ADT Adriatic Metals -5 9 40 40 2.93 $ 548,671,851.09
VKA Viking Mines Ltd -6 -26 -60 40 0.017 $ 17,361,393.33
BMO Bastion Minerals -6 52 16 0.25 $ 17,113,565.00
CMM Capricorn Metals -6 -2 39 6 2.16 $ 799,222,789.61
VRC Volt Resources Ltd -6 22 94 136 0.033 $ 87,376,646.12
RVR Red River Resources -6 6 -31 27 0.165 $ 85,432,770.56
XAM Xanadu Mines Ltd -6 18 -55 -21 0.033 $ 39,659,689.13
CDR Codrus Minerals Ltd -6 0 0.165 $ 6,800,000.00
CAI Calidus Resources -6 18 28 -3 0.565 $ 225,959,516.06
MOH Moho Resources -6 5 -32 -44 0.062 $ 6,712,901.13
RSG Resolute Mining -6 -8 -34 -55 0.4175 $ 469,154,400.05
BC8 Black Cat Syndicate -6 -4 -22 -32 0.53 $ 72,516,022.67
KAI Kairos Minerals Ltd -6 7 7 -55 0.03 $ 48,619,068.11
CEL Challenger Exp Ltd -6 13 -5 31 0.295 $ 291,546,127.50
ADN Andromeda Metals Ltd -6 -12 -58 12 0.145 $ 356,925,046.67
IDA Indiana Resources -6 7 -28 18 0.058 $ 25,197,923.68
HRZ Horizon -7 2 2 -17 0.1075 $ 59,637,396.00
BDC Bardoc Gold Ltd -7 -11 -22 -26 0.057 $ 100,644,927.81
NST Northern Star -7 -7 -10 -35 8.91 $ 10,652,906,715.00
LCY Legacy Iron Ore -7 0 -7 180 0.014 $ 83,261,600.72
BRV Big River Gold Ltd -7 -10 -30 -42 0.28 $ 61,443,886.56
AAR Anglo Australian -7 8 -13 -51 0.084 $ 50,079,056.08
CLA Celsius Resource Ltd -7 17 -34 -13 0.027 $ 27,227,930.11
RRL Regis Resources -7 -19 -32 -60 2 $ 1,546,126,814.10
EVN Evolution Mining Ltd -7 -8 -15 -38 3.645 $ 6,891,851,557.44
MHC Manhattan Corp Ltd -7 8 -24 -73 0.013 $ 19,841,623.01
BTR Brightstar Resources -7 -10 -42 -16 0.026 $ 11,433,519.86
CDT Castle Minerals -7 0 -24 8 0.013 $ 8,790,009.82
ASO Aston Minerals Ltd -7 4 45 191 0.125 $ 104,961,717.19
WAF West African Res Ltd -7 -9 11 -9 0.935 $ 852,965,539.05
NSM Northstaw -7 0 -28 -38 0.31 $ 12,439,370.00
TBA Tombola Gold Ltd -8 -12 -24 -26 0.037 $ 24,737,535.38
GUL Gullewa Limited -8 0 13 -11 0.085 $ 17,704,698.30
MZZ Matador Mining Ltd -8 -8 13 -19 0.36 $ 77,081,038.92
RDN Raiden Resources Ltd -8 14 4 50 0.024 $ 29,967,395.90
SPQ Superior Resources -8 0 -8 50 0.012 $ 18,034,235.70
ZAG Zuleika Gold Ltd -8 -17 -43 -14 0.024 $ 10,252,334.33
BRB Breaker Res NL -8 38 38 29 0.29 $ 87,977,050.83
SVY Stavely Minerals Ltd -8 1 -37 -30 0.405 $ 108,299,002.58
SSR SSR Mining Inc. -8 -7 4 -28 20.14 $ 463,388,317.44
AZS Azure Minerals -9 5 -11 68 0.32 $ 100,501,609.33
SFM Santa Fe Minerals -9 4 -15 8 0.085 $ 6,189,597.07
BMR Ballymore Resources -9 0 0 0 0.265 $ 18,584,301.06
CHN Chalice Mining Ltd -9 8 51 173 7.17 $ 2,583,507,477.60
WGX Westgold Resources. -9 -5 -23 -32 1.6275 $ 712,540,036.32
TRN Torrens Mining -9 -30 -9 0.155 $ 10,798,065.39
KAU Kaiser Reef -9 -8 -38 -49 0.205 $ 21,895,712.57
IVR Investigator Res Ltd -9 -2 -27 22 0.061 $ 80,760,743.03
RMS Ramelius Resources -9 -11 -16 -38 1.35 $ 1,135,664,603.55
TSO Tesoro Resources Ltd -9 0 -50 -67 0.1 $ 50,100,686.90
BNZ Benzmining -9 -4 -11 0.7 $ 34,038,618.60
AWV Anova Metals Ltd -9 -9 -20 -29 0.02 $ 30,094,978.20
AQX Alice Queen Ltd -9 -29 -60 -72 0.01 $ 15,072,453.11
RMX Red Mount Min Ltd -9 11 -9 25 0.01 $ 13,180,124.72
GRL Godolphin Resources -9 -3 -23 -25 0.15 $ 13,037,247.01
RML Resolution Minerals -9 -5 -23 -61 0.02 $ 10,641,956.74
PUR Pursuit Minerals -9 -18 -35 276 0.049 $ 46,850,695.80
GSN Great Southern -9 -9 -16 -55 0.049 $ 24,777,360.58
ONX Orminexltd -9 0 39 56 0.039 $ 21,915,780.96
MEI Meteoric Resources -9 -12 -57 -40 0.029 $ 41,456,037.71
EMU EMU NL -9 7 -44 -6 0.029 $ 13,238,920.04
FFX Firefinch Ltd -9 16 170 288 0.62 $ 587,140,282.24
PRU Perseus Mining Ltd -9 -4 19 0 1.43 $ 1,828,184,659.30
DRE Drednought Resources -10 -12 90 65 0.038 $ 107,610,760.64
ANX Anax Metals Ltd -10 20 51 289 0.095 $ 34,318,021.22
CBY Canterbury Resources -10 -17 -14 -37 0.095 $ 11,418,860.35
AMI Aurelia Metals Ltd -10 -3 -14 -31 0.32 $ 407,489,566.44
SIH Sihayo Gold Limited -10 -10 -36 -59 0.009 $ 33,169,152.72
MBK Metal Bank Ltd -10 -10 -10 0 0.009 $ 11,890,683.04
GNM Great Northern -10 -10 -18 -55 0.009 $ 9,672,407.81
HMX Hammer Metals Ltd -10 -20 -27 71 0.07 $ 57,758,118.23
KZR Kalamazoo Resources -10 -4 -19 -49 0.35 $ 46,347,794.73
QML Qmines Limited -10 -13 0.305 $ 14,547,400.69
MML Medusa Mining Ltd -10 -5 -9 -9 0.74 $ 162,141,174.78
ZNC Zenith Minerals Ltd -11 -7 62 83 0.21 $ 67,676,071.47
RXL Rox Resources -11 -3 -43 -56 0.375 $ 59,890,893.32
CAZ Cazaly Resources -11 -13 -2 -15 0.041 $ 15,152,093.95
OAU Ora Gold Limited -11 -11 -27 -30 0.016 $ 13,473,523.55
PAK Pacific American Hld -11 14 -18 -31 0.016 $ 5,097,358.40
SBM St Barbara Limited -11 -14 -34 -56 1.3375 $ 963,275,630.80
MRZ Mont Royal Resources -11 24 19 -14 0.315 $ 12,309,932.38
GOR Gold Road Res Ltd -12 -1 0 -21 1.2325 $ 1,114,851,759.84
TLM Talisman Mining -12 -17 38 32 0.145 $ 27,061,115.83
DDD 3D Resources Limited -13 -13 -30 -40 0.0035 $ 15,521,488.37
OBM Ora Banda Mining Ltd -13 -2 -62 -73 0.096 $ 94,499,776.99
TMZ Thomson Res Ltd -13 -9 -29 100 0.096 $ 46,265,836.06
G88 Golden Mile Res Ltd -13 -16 -8 -25 0.047 $ 8,208,879.74
REZ Resourc & En Grp Ltd -13 43 -15 82 0.04 $ 17,698,912.35
ADV Ardiden Ltd -13 0 -32 -54 0.013 $ 27,941,604.81
DLC Delecta Limited -13 160 86 86 0.013 $ 14,924,438.17
PKO Peako Limited -13 -10 -4 -35 0.026 $ 8,019,806.63
PRX Prodigy Gold NL -14 0 -21 -40 0.038 $ 22,644,476.63
EM2 Eagle Mountain -14 13 50 177 0.72 $ 146,331,779.76
S2R S2 Resources -14 -28 -47 -64 0.09 $ 32,430,111.81
GMR Golden Rim Resources -14 -25 -33 -65 0.006 $ 19,772,098.07
OKR Okapi Resources -15 51 220 211 0.56 $ 60,142,668.34
AQI Alicanto Min Ltd -15 -15 -12 -32 0.115 $ 37,819,758.02
LM8 Lunnonmetalslimited -16 -19 0.485 $ 37,151,075.66
DCX Discovex Res Ltd -17 -17 -29 -38 0.005 $ 12,843,320.38
SBR Sabre Resources -17 25 0 -62 0.005 $ 7,573,786.42
TTM Titan Minerals -17 -2 -7 -26 0.1075 $ 133,459,036.52
MTH Mithril Resources -18 -18 -30 -70 0.014 $ 35,983,262.57
TNR Torian Resources Ltd -18 17 -52 27 0.028 $ 24,342,840.26
AYM Australia United Min -18 29 -10 125 0.009 $ 16,583,197.37
XTC Xantippe Res Ltd -20 33 0 0 0.002 $ 8,149,128.80
GTR Gti Resources -22 93 53 67 0.034 $ 28,084,943.77
CXU Cauldron Energy Ltd -25 6 -20 -11 0.033 $ 16,703,983.42
KCC Kincora Copper -26 -24 0.14 $ 10,038,994.28
AM7 Arcadia Minerals -26 5 0.195 $ 6,840,000.00
TSC Twenty Seven Co. Ltd -31 83 -15 -21 0.0055 $ 13,304,069.53
CODE COMPANY 1 WEEK RETURN % 1 MONTH RETURN % 6 MONTH RETURN % 1 YEAR RETURN % PRICE MARKET CAP

 

WEEKLY SMALL CAP STANDOUTS

KINGSGATE CONSOLIDATED (ASX:KCN)

There’s light at the end of the tunnel for this once high-flying gold producer, with a settlement in sight to restart the flagship ‘Chatree’ gold mine in Thailand.

For much of its life Kingsgate was a success story on the ASX thanks to the prolific Chatree mine, enjoying a share-price ride from $2.37 in late 2008 to $12.15 just two years later.

Since that peak it’s been a long downhill slide – especially after the Thai government ordered the closure of Chatree in December 2016.

“A successful re-start of the Chatree gold mine combined with the sustained rise in both the gold and silver prices could give Kingsgate significant optionality with the asset, and a path forward which may include continuing operations, selling the asset or listing [Thai subsidiary] Akara Resources on the Thai Stock Exchange,” the company now says.

The $250m market cap stock is up 15% year-to-date.

 

METALSTECH (ASX:MTC)

The near-term gold miner is up 140% over the past month on some strong newsflow.

Recent drilling at the 1.5moz gold, 10.9moz silver ‘Sturec’ mine has hit a potentially mineralised 37m-long zone, highlighted by a big chunk of gold at 81m depth:

This follows news that $6 billion market cap Chifeng Gold Mining would buy ~5.8m shares at 34c apiece for a total investment of $2m.

This is a pretty big deal, MTC says.

“Chifeng is widely considered to be one of the most successful precious metals investors in China owing largely to the experience of their chairman Mr Wang Jianhua who before transforming Chifeng, served as CEO of $62bn capped Zijin Mining and before that, chairman of $17bn capped Shandong Gold,” MTC chairman Russell Moran says.

MTC also reminded investors that they need to finalise their shareholdings by October 7 to receive free shares in lithium spinout Winsome Resources (ASX:WR1).