• Gold surges to US$1960 on geopolitical risk, softer inflation figures
  • Sold down ASX producers, project developers enjoy strong gains
  • 5 +$1bn capped gold stock ink double digit gains, the rest not far behind

Our Gold Digger column wraps all the news driving ASX stocks with exposure to precious metals.

 

Spot gold recorded a gain of +0.31% for the week ending 7 July, before surging another 2.6% this week to a touch over US$1960/oz.

This is partially due to increased geopolitical risk factors where the price of gold, acting as a safe haven asset, tends to increase when risk does, OANDA analyst Kelvin Wong said earlier this week.

An example of this correlation was the Russian invasion of Ukraine on 24 February 2022, which saw gold briefly spike into the mid-US$2000’s /per ounce.

Wong says the latest reading of the Geopolitical Risk Index (GPR) for the month of June 2023 (the blue line) has started to tick up above the 100 level to 103.10, its highest level in eight months:

The GPR measures the social mood of impactful geopolitical events, threats, and conflicts since 1985 by counting the keywords used in the press.

The other factor, of course, is much tamer CPI figures out of the US, which suggest a pivot to rate cuts is not far off. This is good for gold, as is the associated fall in the US dollar.

 

ASX Producers stack on gains, with juniors to follow

Resources veteran Barry Fitzgerald says gold equities have responded accordingly.

“Leading producers stacked on gains of 3-8% on Thursday to outperform the broader market, finally,” he says.

Leading lights this week include Evolution Mining (ASX:EVN) (+14%), De Grey (ASX:DEG) (+11%), Bellevue Gold (ASX:BGL) (+13%), Capricorn Metals (ASX:CMM) (+12%), and Regis Resources (ASX:RRL) (+18%).

As is usual early in gold price rallies, the producers are the first to benefit, Barry says, but the speccy end may not be far behind.

“A sustained rally soon turns investor attention to more leveraged exposures in the developers and explorers – the so-called trickle-down effect.”

 

Who’s Hot

The week’s biggest gains

Siren Gold (ASX:SNG) +52%

West Wits Mining (ASX:WWI) +46%

Toubani Resources (ASX:TRE) +37%

 

Who’s Not

The week’s biggest falls

Gold 50 (ASX:G50) -17%

Nelson Resources (ASX:NES) -17%

Gibb River (ASX:GIB) -17%

 

Winners & Losers

Here’s how the ASX-listed precious metals stocks are performing this week:

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

Stocks missing from this list? Email [email protected]

CODE COMPANY 1 WEEK RETURN % YTD RETURN % 12 MONTH RETURN % PRICE MARKET CAP
WCN White Cliff Min Ltd 57% -21% -15% 0.011 $12,729,404
SNG Siren Gold 52% -32% -52% 0.125 $16,940,684
TMB Tambourahmetals 48% 105% 59% 0.215 $7,608,457
WWI West Wits Mining Ltd 46% 19% -5% 0.019 $42,617,327
GED Golden Deeps 43% 11% -17% 0.01 $11,552,267
TRE Toubaniresourcesinc 37% 28% 0% 0.205 $11,511,904
ICG Inca Minerals Ltd 36% 30% -65% 0.03 $14,065,289
ARV Artemis Resources 36% -24% -30% 0.019 $29,828,449
AL8 Alderan Resource Ltd 33% 14% -50% 0.008 $4,316,863
A8G Australasian Metals 32% -13% -20% 0.165 $9,642,291
MDI Middle Island Res 32% -34% -81% 0.025 $2,570,783
GWR GWR Group Ltd 28% 63% -20% 0.096 $26,018,549
BYH Bryah Resources Ltd 27% -26% -34% 0.019 $6,564,600
HCH Hot Chili Ltd 26% 71% 124% 1.5 $173,195,549
RMX Red Mount Min Ltd 25% 0% -9% 0.005 $9,087,404
AVW Avira Resources Ltd 25% -17% -29% 0.0025 $5,334,475
AZY Antipa Minerals Ltd 23% -24% -47% 0.016 $53,955,772
BEZ Besragoldinc 23% 419% 552% 0.27 $104,389,257
ICL Iceni Gold 22% 44% 16% 0.115 $25,028,571
KZR Kalamazoo Resources 22% -33% -42% 0.14 $20,162,946
CBY Canterbury Resources 21% -29% -31% 0.029 $4,191,182
PNX PNX Metals Limited 20% -29% -29% 0.003 $16,141,874
VRC Volt Resources Ltd 20% -20% -29% 0.012 $39,394,239
BC8 Black Cat Syndicate 19% 21% 39% 0.43 $114,756,875
KAL Kalgoorliegoldmining 18% -53% -71% 0.039 $4,620,174
KIN KIN Min NL 18% -40% -52% 0.039 $48,304,172
RRL Regis Resources 18% 10% 49% 2.26 $1,653,633,653
SKY SKY Metals Ltd 18% -4% -26% 0.046 $19,545,942
TMS Tennant Minerals Ltd 18% 6% 14% 0.033 $22,783,002
AQI Alicanto Min Ltd 18% -7% -38% 0.04 $20,532,799
VMC Venus Metals Cor Ltd 17% 78% 50% 0.14 $25,613,372
AVM Advance Metals Ltd 17% -30% -36% 0.007 $4,119,911
MEG Megado Minerals Ltd 17% 56% -14% 0.07 $15,776,245
SI6 SI6 Metals Limited 17% 17% 0% 0.007 $8,972,368
GNM Great Northern 16% -52% -45% 0.029 $4,484,243
TGM Theta Gold Mines Ltd 16% 18% 51% 0.08 $55,305,926
PNR Pantoro Limited 15% -15% -58% 0.082 $376,322,441
CDT Castle Minerals 15% -29% -44% 0.015 $16,867,395
SPQ Superior Resources 15% -46% -19% 0.03 $47,698,398
AWJ Auric Mining 15% -28% -25% 0.046 $7,328,137
RDS Redstone Resources 14% 0% 0% 0.008 $6,971,028
M2R Miramar 14% -46% -52% 0.041 $3,882,438
MEI Meteoric Resources 14% 405% 2332% 0.2675 $490,915,067
EVN Evolution Mining Ltd 14% 27% 64% 3.78 $6,716,159,728
MRZ Mont Royal Resources 13% -3% -50% 0.17 $10,272,400
BGL Bellevue Gold Ltd 13% 41% 137% 1.5975 $1,791,334,553
KCC Kincora Copper 13% -5% 28% 0.069 $8,300,856
QML Qmines Limited 13% -21% -24% 0.13 $21,300,951
KSN Kingston Resources 13% 9% 2% 0.088 $37,956,181
HMX Hammer Metals Ltd 13% 6% 50% 0.072 $64,440,070
ARN Aldoro Resources 13% -16% -10% 0.135 $17,475,087
S2R S2 Resources 13% 6% 33% 0.18 $75,866,932
DRE Dreadnought Resources Ltd 12% -39% 42% 0.064 $199,663,693
NWM Norwest Minerals 12% 19% 113% 0.064 $16,380,436
CMM Capricorn Metals 12% 3% 54% 4.755 $1,770,763,004
SVL Silver Mines Limited 11% 0% 38% 0.2 $287,888,089
GMN Gold Mountain Ltd 11% 43% 67% 0.01 $25,609,124
OZM Ozaurum Resources 11% -24% -60% 0.05 $6,350,000
KRM Kingsrose Mining Ltd 11% 8% 32% 0.07 $51,171,803
DEG De Grey Mining 11% 20% 101% 1.54 $2,420,407,545
IVR Investigator Res Ltd 10% 31% 41% 0.055 $79,044,351
NAE New Age Exploration 10% -21% -8% 0.0055 $7,897,444
HMG Hamelingoldlimited 10% -24% -8% 0.11 $16,537,500
SPD Southernpalladium 10% -52% -52% 0.385 $15,938,981
RED Red 5 Limited 9% -1% -12% 0.2025 $709,194,093
AMI Aurelia Metals Ltd 9% -12% -60% 0.105 $156,685,036
PDI Predictive Disc Ltd 9% -3% -3% 0.175 $361,767,715
SFR Sandfire Resources 9% 18% 66% 6.395 $2,855,574,550
LEX Lefroy Exploration 9% -8% -17% 0.24 $38,509,920
USL Unico Silver Limited 9% -29% 9% 0.12 $37,006,449
WA8 Warriedarresourltd 9% -50% -6% 0.085 $38,795,293
WGX Westgold Resources. 9% 99% 54% 1.7375 $821,735,437
SLR Silver Lake Resource 8% 0% -8% 1.1875 $1,097,098,313
OAU Ora Gold Limited 8% 30% 16% 0.0065 $27,558,476
GCY Gascoyne Res Ltd 8% 17% -1% 0.195 $162,247,425
TIE Tietto Minerals 8% -23% 48% 0.54 $603,577,757
AME Alto Metals Limited 8% -18% -18% 0.055 $33,092,036
PRU Perseus Mining Ltd 8% -13% 16% 1.8325 $2,469,216,264
BAT Battery Minerals Ltd 8% 17% -22% 0.14 $15,438,084
GMD Genesis Minerals 8% 2% 8% 1.28 $1,306,578,762
GOR Gold Road Res Ltd 7% -1% 48% 1.6675 $1,763,218,974
BCN Beacon Minerals 7% 11% 5% 0.031 $116,459,813
AUT Auteco Minerals 7% -39% -30% 0.031 $69,385,089
CHZ Chesser Resources 7% 38% 40% 0.1175 $70,632,162
SRN Surefire Rescs NL 7% 33% -27% 0.016 $26,421,816
CY5 Cygnus Metals Ltd 7% -16% 113% 0.32 $71,446,572
WAF West African Res Ltd 7% -21% -21% 0.9225 $957,045,193
MGV Musgrave Minerals 6% 64% 44% 0.345 $201,010,703
BBX BBX Minerals Ltd 6% -50% -42% 0.052 $28,173,790
RSG Resolute Mining 6% 123% 111% 0.445 $926,117,858
NST Northern Star 6% 23% 94% 13.43 $15,113,689,285
KAU Kaiser Reef 5% 21% 29% 0.2 $29,539,536
POL Polymetals Resources 5% 27% 244% 0.31 $46,087,149
ERM Emmerson Resources 5% -13% -28% 0.065 $33,227,297
ALK Alkane Resources Ltd 5% 49% 17% 0.795 $481,259,224
NCM Newcrest Mining 4% 36% 47% 27.98 $24,949,037,423
PNT Panthermetalsltd 4% -58% -56% 0.079 $4,280,500
AM7 Arcadia Minerals 4% -34% 0% 0.135 $11,756,263
FG1 Flynngold 4% -45% -52% 0.055 $7,474,265
A1G African Gold Ltd. 4% -33% -35% 0.056 $9,989,361
TSO Tesoro Gold Ltd 4% -19% -33% 0.029 $31,608,377
EMR Emerald Res NL 3% 94% 158% 2.3 $1,363,607,907
TBR Tribune Res Ltd 3% -17% -12% 3.36 $186,261,673
MEK Meeka Metals Limited 3% -50% -36% 0.034 $37,366,313
GMR Golden Rim Resources 3% 13% -45% 0.035 $20,705,593
IGO IGO Limited 3% 19% 64% 15.97 $11,979,976,802
MEU Marmota Limited 3% -25% -38% 0.036 $38,116,821
PNM Pacific Nickel Mines 3% -13% 0% 0.072 $24,564,960
RMS Ramelius Resources 3% 41% 38% 1.315 $1,318,426,577
STK Strickland Metals 3% -5% -36% 0.038 $60,410,823
ADN Andromeda Metals Ltd 3% -11% -49% 0.039 $124,400,337
LCL LCL Resources Ltd 3% -32% 37% 0.039 $28,594,961
NAG Nagambie Resources 3% -39% -37% 0.04 $23,269,053
MTC Metalstech Ltd 2% -56% -26% 0.23 $42,436,033
GML Gateway Mining 2% -23% -49% 0.046 $11,452,342
MI6 Minerals260Limited 2% 110% 165% 0.715 $163,800,000
LM8 Lunnonmetalslimited 2% 7% 48% 0.96 $163,583,900
BGD Bartongoldholdings 2% 30% 51% 0.26 $47,588,582
PGD Peregrine Gold 2% -25% -28% 0.29 $17,391,809
SBM St Barbara Limited 2% -13% -28% 0.295 $224,906,452
GBR Greatbould Resources 1% -8% 2% 0.083 $41,853,331
XAM Xanadu Mines Ltd 1% 193% 286% 0.085 $134,301,584
BNZ Benzmining 1% 12% 8% 0.46 $51,115,113
RND Rand Mining Ltd 1% -10% -6% 1.23 $69,957,432
SSR SSR Mining Inc. 1% -8% -11% 21.19 $380,453,121
DLI Delta Lithium 1% 91% 155% 0.905 $490,565,341
CHN Chalice Mining Ltd 0% -4% 65% 6.07 $2,310,824,181
NPM Newpeak Metals 0% 0% 0% 0.001 $9,248,616
FFX Firefinch Ltd 0% 0% 0% 0.2 $236,569,315
DCX Discovex Res Ltd 0% -33% -50% 0.002 $6,605,136
NMR Native Mineral Res 0% -67% -77% 0.036 $5,290,735
TMX Terrain Minerals 0% 0% -14% 0.006 $6,499,196
FAU First Au Ltd 0% -25% -70% 0.003 $4,355,980
IPT Impact Minerals 0% 100% 75% 0.014 $36,981,151
SMS Starmineralslimited 0% -38% -50% 0.045 $1,356,381
PRX Prodigy Gold NL 0% -42% -39% 0.007 $12,257,755
CAZ Cazaly Resources 0% 15% 3% 0.039 $14,501,050
SIH Sihayo Gold Limited 0% 0% -33% 0.002 $24,408,512
WRM White Rock Min Ltd 0% -5% -45% 0.063 $17,508,200
MCT Metalicity Limited 0% -33% -33% 0.002 $7,472,172
CTO Citigold Corp Ltd 0% -17% -29% 0.005 $14,368,295
MHC Manhattan Corp Ltd 0% 82% 11% 0.01 $29,362,787
TRY Troy Resources Ltd 0% 0% 0% 0.0295 $62,920,961
CGN Crater Gold Min Ltd 0% 0% 0% 0.144993 $17,965,132
EMC Everest Metals Corp 0% 166% 140% 0.21 $29,769,615
ADV Ardiden Ltd 0% 0% 0% 0.007 $18,818,347
AAR Astral Resources NL 0% -3% -11% 0.07 $51,106,017
MTH Mithril Resources 0% -43% -60% 0.002 $6,737,609
XTC Xantippe Res Ltd 0% -60% -75% 0.002 $22,960,199
NML Navarre Minerals Ltd 0% -54% -59% 0.019 $28,555,654
DCN Dacian Gold Ltd 0% -10% -4% 0.09 $116,812,890
RML Resolution Minerals 0% -38% -44% 0.005 $7,543,751
TBA Tombola Gold Ltd 0% 0% -26% 0.026 $33,129,243
BM8 Battery Age Minerals 0% -1% -1% 0.495 $37,109,082
HRN Horizon Gold Ltd 0% 13% -5% 0.35 $43,813,574
CLA Celsius Resource Ltd 0% 50% 60% 0.024 $48,698,137
GBZ GBM Rsources Ltd 0% -60% -70% 0.017 $10,471,340
AUC Ausgold Limited 0% -4% 5% 0.045 $105,622,496
EMU EMU NL 0% -59% -75% 0.002 $2,900,043
X64 Ten Sixty Four Ltd 0% -11% -5% 0.57 $130,184,182
HAW Hawthorn Resources 0% 26% 79% 0.145 $45,227,108
AGC AGC Ltd 0% -8% -19% 0.055 $5,500,000
RVR Red River Resources 0% 0% -46% 0.073 $37,847,908
TMZ Thomson Res Ltd 0% -74% -75% 0.005 $4,349,755
WMC Wiluna Mining Corp 0% 0% 0% 0.205 $74,238,031
THR Thor Energy PLC 0% -33% -56% 0.004 $5,837,166
KAI Kairos Minerals Ltd 0% 34% 40% 0.028 $63,338,711
MXR Maximus Resources 0% -18% -25% 0.033 $11,166,952
ALY Alchemy Resource Ltd 0% -39% -15% 0.014 $16,493,068
HXG Hexagon Energy 0% -35% -45% 0.011 $5,642,075
ZAG Zuleika Gold Ltd 0% -29% -32% 0.015 $7,845,759
SBR Sabre Resources 0% 13% -14% 0.043 $13,116,878
SAU Southern Gold 0% -20% -38% 0.02 $10,211,991
BTR Brightstar Resources 0% -35% -50% 0.011 $17,314,167
TNC True North Copper 0% 353% 248% 0.24 $62,361,948
AYM Australia United Min 0% 0% -50% 0.003 $5,527,732
ANL Amani Gold Ltd 0% 0% 0% 0.001 $25,143,441
TUL Tulla Resources 0% 6% -35% 0.35 $118,262,971
CLZ Classic Min Ltd 0% -89% -98% 0.001 $7,804,588
ORN Orion Minerals Ltd 0% 6% -6% 0.017 $95,999,826
PXX Polarx Limited 0% -40% -14% 0.012 $16,246,922
ADT Adriatic Metals 0% 9% 98% 3.44 $788,150,525
AZS Azure Minerals -1% 624% 736% 1.63 $634,133,617
SMI Santana Minerals Ltd -1% -13% -19% 0.57 $100,713,983
ENR Encounter Resources -1% 125% 224% 0.405 $154,255,055
TG1 Techgen Metals Ltd -2% -21% -50% 0.065 $5,015,938
MZZ Matador Mining Ltd -2% -48% -56% 0.06 $18,290,824
RXL Rox Resources -2% 66% 12% 0.29 $95,290,964
HAV Havilah Resources -2% -29% 2% 0.235 $75,993,410
LRL Labyrinth Resources -2% -48% -51% 0.0085 $7,675,899
AAJ Aruma Resources Ltd -2% -19% -28% 0.043 $8,240,478
CAI Calidus Resources -3% -28% -69% 0.195 $121,522,032
TAM Tanami Gold NL -3% -3% -24% 0.038 $47,003,882
MM8 Medallion Metals. -3% -52% -58% 0.075 $17,297,439
TTM Titan Minerals -3% 4% 17% 0.07 $97,377,850
SVY Stavely Minerals Ltd -3% -63% -39% 0.091 $34,011,790
BMO Bastion Minerals -3% -12% -80% 0.03 $5,719,699
MKG Mako Gold -3% -28% -59% 0.029 $16,749,542
KCN Kingsgate Consolid. -3% -16% 12% 1.45 $373,739,953
ARL Ardea Resources Ltd -3% -3% -9% 0.69 $125,483,184
GUL Gullewa Limited -4% -8% -7% 0.055 $11,159,067
MAU Magnetic Resources -4% -37% -50% 0.545 $127,955,179
DTR Dateline Resources -4% -30% -70% 0.026 $22,278,657
YRL Yandal Resources -4% -49% -62% 0.05 $8,836,972
ANX Anax Metals Ltd -4% 25% -13% 0.066 $27,838,848
FAL Falconmetalsltd -4% -23% 16% 0.215 $38,055,000
SFM Santa Fe Minerals -5% -48% -58% 0.042 $3,058,389
FEG Far East Gold -5% -38% -12% 0.3 $45,149,222
FML Focus Minerals Ltd -5% -25% 27% 0.19 $54,446,143
SXG Southern Cross Gold -5% -41% 32% 0.475 $43,135,663
CDR Codrus Minerals Ltd -5% -43% 6% 0.074 $5,581,820
CYL Catalyst Metals -5% -33% -40% 0.785 $169,773,472
GSR Greenstone Resources -6% -47% -64% 0.017 $21,943,123
NVA Nova Minerals Ltd -6% -51% -51% 0.335 $66,430,338
AAU Antilles Gold Ltd -6% 10% -44% 0.033 $20,071,325
MLS Metals Australia -6% -26% -28% 0.033 $20,593,194
KNB Koonenberrygold -6% -48% -60% 0.032 $2,575,719
TLM Talisman Mining -6% 11% 19% 0.155 $32,014,459
PRS Prospech Limited -6% 12% 8% 0.03 $6,153,279
TRM Truscott Mining Corp -7% 0% -15% 0.041 $6,892,799
CPM Coopermetalslimited -7% -43% -72% 0.135 $6,189,847
IDA Indiana Resources -7% -27% -26% 0.04 $21,427,042
CST Castile Resources -7% -18% -44% 0.078 $19,352,194
CWX Carawine Resources -7% 30% 18% 0.13 $29,522,620
PUR Pursuit Minerals -7% -19% -19% 0.013 $33,887,378
TCG Turaco Gold Limited -7% -12% 11% 0.051 $25,638,550
HRZ Horizon -7% -38% -43% 0.038 $27,182,363
PGO Pacgold -7% -13% -42% 0.315 $17,312,972
VKA Viking Mines Ltd -8% 20% 71% 0.012 $10,252,584
GSM Golden State Mining -8% -16% -14% 0.036 $6,497,001
OBM Ora Banda Mining Ltd -8% 43% 186% 0.12 $211,867,962
MOM Moab Minerals Ltd -8% 33% -56% 0.012 $8,183,562
EM2 Eagle Mountain -8% -32% -44% 0.115 $37,358,441
STN Saturn Metals -8% -8% -43% 0.165 $27,375,203
GAL Galileo Mining Ltd -9% -33% -49% 0.59 $118,574,956
SLZ Sultan Resources Ltd -9% -51% -55% 0.042 $6,520,362
MBK Metal Bank Ltd -9% -38% -48% 0.021 $5,806,196
ASR Asra Minerals Ltd -9% -50% -63% 0.01 $14,403,871
BNR Bulletin Res Ltd -9% -37% -51% 0.059 $17,615,466
ZNC Zenith Minerals Ltd -9% -67% -66% 0.087 $27,485,709
GSN Great Southern -10% -34% -47% 0.019 $13,588,299
GRL Godolphin Resources -10% -46% -55% 0.045 $5,065,964
BMR Ballymore Resources -10% -10% -29% 0.135 $14,447,618
ADG Adelong Gold Limited -10% 29% -55% 0.009 $5,963,223
MRR Minrex Resources Ltd -11% -47% -47% 0.017 $18,442,748
RDN Raiden Resources Ltd -11% 68% 5% 0.008 $16,442,151
ASO Aston Minerals Ltd -11% -11% -28% 0.071 $82,490,089
MOH Moho Resources -12% -45% -48% 0.0115 $3,374,511
OKR Okapi Resources -12% -27% -37% 0.11 $20,359,462
GTR Gti Energy Ltd -13% -35% -45% 0.007 $13,634,279
PUA Peak Minerals Ltd -13% -42% -61% 0.0035 $3,644,818
RGL Riversgold -13% -53% -46% 0.014 $14,268,922
MAT Matsa Resources -13% -5% -13% 0.035 $14,420,258
PKO Peako Limited -13% -52% -50% 0.007 $3,295,120
NXM Nexus Minerals Ltd -13% -69% -71% 0.062 $20,178,105
LYN Lycaonresources -13% -15% -15% 0.235 $7,571,313
REZ Resourc & En Grp Ltd -13% 25% -13% 0.02 $9,996,116
SVG Savannah Goldfields -13% -47% -38% 0.1 $19,584,844
CEL Challenger Gold Ltd -13% -43% -38% 0.1 $125,067,105
MVL Marvel Gold Limited -13% -50% -52% 0.013 $11,229,279
M24 Mamba Exploration -13% -55% -23% 0.065 $3,963,917
MKR Manuka Resources. -14% -33% -69% 0.057 $32,452,204
LCY Legacy Iron Ore -14% 0% 6% 0.019 $121,729,698
CXU Cauldron Energy Ltd -14% -14% -23% 0.006 $5,589,412
NSM Northstaw -15% -45% -45% 0.085 $10,571,176
TAR Taruga Minerals -15% -54% -63% 0.011 $8,472,321
GIB Gibb River Diamonds -17% -42% -19% 0.035 $7,402,831
NES Nelson Resources. -17% -29% -46% 0.005 $3,681,566
G50 Gold50Limited -17% -24% 19% 0.19 $9,965,025
G88 Golden Mile Res Ltd -18% 131% 67% 0.047 $15,810,696
DTM Dart Mining NL -21% -38% -49% 0.034 $6,374,627
KTA Krakatoa Resources -24% -30% -35% 0.031 $12,718,180
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