• 19% YoY increase in Australian bar and coin demand in Q1 2022
  • Gold price stabilises at $US1,900/oz
  • ASX gold producers reporting season wrap

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

 

Consumer demand for gold in Australia increased from 7.2 tonnes in Q1 2021 to 8.9t in Q1 2022, a year-on-year (YoY) increase of 24%, the World Gold Council says.

This overall demand was driven by a 19% YoY increase in bar and coin demand, as well as an estimated 40% increase y-o-y in jewellery demand.

While positive consumer sentiment is a key driver of retail demand for gold (like jewellery), investors often use physical gold bars as a diversifier and a hedge, World Gold Council APAC CEO Andrew Naylor says.

“[This] is increasingly important in an economy where many have strong exposures to property and pro-cyclical assets,” he says.

Net buying by central banks more than doubled from the previous quarter, adding over 84t to official gold reserves during Q1 2022, dominated by countries such as Egypt and Turkey.

While 29% lower than Q1 2021, central banks continue to value gold’s performance during times of uncertainty, WGC senior analyst Louise Street says.

“The first quarter of 2022 has been a turbulent one, marked by geopolitical crises, supply chain difficulties and surging inflation,” she says.

“These global events and market conditions have solidified gold’s status as a safehaven holding, not just for investors but also for retail consumers thanks to its unique position as a dual-natured asset class.

“Given the current market dynamics, investment demand is expected to remain strong as the combination of high inflation and heightened geopolitical tensions will likely fuel demand for gold amongst investors.”

 

Gold price stabilises at $US1,900/oz

USD gold price over the past year.

“The rot finally stopped in gold overnight, which tested support at $US1880.00 an ounce, as well as its 100-day moving average, before rallying to close 0.45% higher at $US1904.25 an ounce,” OANDA senior analyst Jeffrey Halley said Friday arvo.

Significantly, it achieved that even as the US Dollar continued to rally in New York markets.

When the value of the US dollar increases against other global currencies, the price of gold often falls in USD terms.

In Asia, pre-weekend hedging and a weaker US Dollar lifted it another 0.53% higher to $1904.60 an ounce.

“There is a definite sense that gold is benefitting from haven flows in the past 12 hours,” Halley says.

“That makes complete sense given the month-end and weekend risks in the world, as well as regional investors looking to hedge risk over the barrage of holidays next week.

“However, it is too soon to say that gold has completed its medium-term corrective sell-off as nothing breaks bullish traders’ hearts like 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

>> Stocks missing from this list? Email [email protected]

CODE COMPANY 1 WEEK RETURN % 1 MONTH RETURN % 6 MONTH RETURN % 1 YEAR RETURN % PRICE MARKET CAP
ALY Alchemy Resource Ltd 100% 192% 192% 159% 0.038 $36,189,105.82
SRN Surefire Rescs NL 70% 225% 200% 56% 0.039 $45,601,204.68
POL Polymetals Resources 40% -3% 4% 0% 0.14 $5,407,636.41
MEU Marmota Limited 25% 33% 33% 36% 0.06 $49,984,147.12
SMI Santana Minerals Ltd 22% 59% 256% 474% 0.89 $106,109,830.40
BMO Bastion Minerals 22% 34% -25% 0% 0.195 $14,806,205.70
MXR Maximus Resources 21% 46% 16% 9% 0.099 $27,339,896.05
BMR Ballymore Resources 16% 10% -8% 0% 0.22 $13,593,444.99
RDN Raiden Resources Ltd 15% 25% -35% -48% 0.015 $22,692,900.52
PDI Predictive Disc Ltd 14% 17% 30% 153% 0.24 $309,273,372.90
TG1 Techgen Metals Ltd 14% 45% -16% -36% 0.16 $5,660,481.58
CTO Citigold Corp Ltd 13% 6% -10% -31% 0.009 $25,502,931.82
PRS Prospech Limited 12% 15% -39% -58% 0.055 $3,910,860.30
FEG Far East Gold 11% 46% 0% 0% 0.365 $46,984,325.85
HMX Hammer Metals Ltd 10% 0% 83% 5% 0.11 $85,574,435.42
ZAG Zuleika Gold Ltd 10% 6% 65% -18% 0.033 $15,646,518.75
SFM Santa Fe Minerals 9% -20% 41% 20% 0.12 $8,738,254.68
SNG Siren Gold 9% 35% 29% 38% 0.44 $35,886,967.28
TRM Truscott Mining Corp 8% 63% 63% 126% 0.052 $7,749,018.74
GIB Gibb River Diamonds 8% 7% -14% 3% 0.07 $13,536,604.48
CXU Cauldron Energy Ltd 7% 14% -38% -57% 0.016 $8,031,169.16
ICL Iceni Gold 6% 50% -37% -25% 0.165 $18,588,482.06
CST Castile Resources 6% 13% -32% -33% 0.18 $36,946,372.39
HAW Hawthorn Resources 6% 147% 246% 221% 0.18 $56,697,654.21
NML Navarre Minerals Ltd 6% -1% 9% -27% 0.095 $120,091,149.38
KWR Kingwest Resources 6% 19% 52% 65% 0.19 $46,164,874.75
PKO Peako Limited 6% 6% -10% -51% 0.019 $5,552,173.82
TBA Tombola Gold Ltd 5% 62% 43% 28% 0.06 $45,067,482.22
CAZ Cazaly Resources 5% -2% -11% -11% 0.041 $14,462,049.93
STK Strickland Metals 4% 27% -21% 233% 0.07 $88,308,925.50
RGL Riversgold 4% 50% 236% 45% 0.076 $37,908,300.46
DTR Dateline Resources 4% 33% 48% 30% 0.13 $55,382,550.00
FFX Firefinch Ltd 4% 15% 84% 209% 1.1125 $1,139,899,708.27
SVY Stavely Minerals Ltd 4% -6% -12% -33% 0.4 $109,603,809.84
TNR Torian Resources Ltd 4% 0% 7% -34% 0.029 $38,859,298.78
AGC AGC Ltd 3% 19% -5% -41% 0.1 $6,434,091.98
AGC AGC Ltd 3% 19% -5% -41% 0.1 $6,434,091.98
REZ Resourc & En Grp Ltd 2% 15% 0% 18% 0.047 $22,991,066.29
HCH Hot Chili Ltd 2% 21% -33% -14% 1.64 $181,626,744.78
NSM Northstaw 2% -3% -9% -23% 0.29 $11,436,195.00
G88 Golden Mile Res Ltd 2% 7% 26% -33% 0.063 $12,646,154.68
BNZ Benzmining 1% 7% -1% -14% 0.695 $35,529,527.29
MRZ Mont Royal Resources 1% 44% -5% 10% 0.375 $20,900,863.83
SFR Sandfire Resources 1% -1% 1% -7% 5.69 $2,386,094,617.26
MKG Mako Gold 1% -1% -9% -14% 0.086 $31,343,811.36
CPM Coopermetalslimited 1% 11% 0% 0% 0.455 $12,159,000.00
KNB Koonenberrygold 1% -9% -44% 0% 0.1 $7,305,390.60
NAG Nagambie Resources 1% -6% -38% -29% 0.0505 $25,913,880.98
NPM Newpeak Metals 0% 0% -50% -50% 0.001 $8,849,750.03
GED Golden Deeps 0% 100% 67% 67% 0.02 $24,258,346.27
DCX Discovex Res Ltd 0% 0% 45% 14% 0.008 $17,980,648.53
PNX PNX Metals Limited 0% 10% -29% -33% 0.0055 $24,442,317.94
TMX Terrain Minerals 0% 38% 22% 0% 0.011 $7,357,610.09
LM8 Lunnonmetalslimited 0% 25% 156% 0% 1.09 $116,468,694.62
PUA Peak Minerals Ltd 0% 23% -5% -36% 0.016 $16,661,932.02
SMS Starmineralslimited 0% 0% -2% 0% 0.2 $5,250,000.00
PRX Prodigy Gold NL 0% -8% -32% -48% 0.023 $13,400,434.94
CWX Carawine Resources 0% 0% 5% -29% 0.21 $28,945,212.87
SIH Sihayo Gold Limited 0% -40% -67% -80% 0.003 $11,056,384.24
AWV Anova Metals Ltd 0% 0% -38% -46% 0.013 $19,475,224.60
TIE Tietto Minerals 0% -13% 26% 79% 0.51 $410,968,474.29
TRY Troy Resources Ltd 0% 0% 0% -47% 0.037 $31,631,563.33
KGM Kalnorth Gold Ltd 0% 0% 0% 0% 0.013 $11,625,120.78
CGN Crater Gold Min Ltd 0% 0% 0% -15% 0.017 $21,063,473.65
LNY Laneway Res Ltd 0% -17% 4% -13% 0.005 $31,510,082.05
TSC Twenty Seven Co. Ltd 0% 0% -20% -27% 0.004 $10,643,255.62
GUL Gullewa Limited 0% 8% 0% -1% 0.081 $15,420,221.10
G50 Gold50Limited 0% 6% 4% 0% 0.25 $14,004,500.25
ADV Ardiden Ltd 0% 0% 27% 8% 0.014 $37,356,694.98
AGS Alliance Resources 0% -3% -8% 5% 0.175 $40,953,448.03
DDD 3D Resources Limited 0% 0% -13% -30% 0.0035 $14,631,302.32
RMX Red Mount Min Ltd 0% 0% -14% -5% 0.0095 $14,781,274.72
XTC Xantippe Res Ltd 0% 100% 250% 460% 0.014 $107,302,746.59
PGD Peregrine Gold 0% 4% 24% 79% 0.51 $19,526,201.19
FG1 Flynngold 0% 14% 3% 0% 0.16 $8,968,547.00
HMG Hamelingoldlimited 0% 3% 0% 0% 0.155 $17,050,000.00
PF1 Pathfinder Resources 0% 25% 68% 108% 0.5 $26,560,505.00
SI6 SI6 Metals Limited 0% 0% -17% -23% 0.01 $14,281,439.85
NWM Norwest Minerals 0% -10% -31% -21% 0.055 $10,836,443.22
IDA Indiana Resources 0% 16% 14% -20% 0.066 $28,574,703.37
CAI Calidus Resources 0% 1% 71% 167% 1 $394,251,067.84
MAT Matsa Resources 0% 4% 18% 4% 0.071 $23,691,004.92
BDC Bardoc Gold Ltd 0% -5% 42% 22% 0.52 $154,075,451.40
PRU Perseus Mining Ltd 0% 2% 23% 68% 1.975 $2,357,070,733.77
SPQ Superior Resources 0% -7% 208% 233% 0.04 $66,347,596.30
DLC Delecta Limited 0% 0% -27% 83% 0.011 $13,253,995.76
AWJ Auric Mining 0% -3% -36% -54% 0.086 $4,821,964.70
ANL Amani Gold Ltd 0% 0% -33% 0% 0.002 $34,940,161.69
MAU Magnetic Resources -1% -1% -14% -9% 1.43 $325,297,087.55
BRV Big River Gold Ltd -1% 20% 37% -11% 0.3425 $74,924,275.10
RMS Ramelius Resources -1% -3% -5% -7% 1.505 $1,288,066,886.87
MI6 Minerals260Limited -1% -9% 4% 0% 0.48 $103,400,000.00
AAU Antilles Gold Ltd -1% -10% -15% -30% 0.066 $22,971,322.47
KAI Kairos Minerals Ltd -2% 5% -5% 2% 0.0295 $56,900,711.24
BYH Bryah Resources Ltd -2% 19% 4% -21% 0.057 $13,120,016.15
VAN Vango Mining Ltd -2% 77% -15% -26% 0.053 $68,036,632.13
A8G Australasian Metals -2% 8% -26% 0% 0.495 $19,281,837.12
RSG Resolute Mining -2% 7% -16% -24% 0.3525 $364,297,401.60
MVL Marvel Gold Limited -2% 0% -36% -8% 0.045 $31,694,371.65
ZNC Zenith Minerals Ltd -2% 24% 87% 38% 0.44 $137,561,662.00
DRE Dreadnought Resources Ltd -2% 8% 16% 126% 0.043 $119,224,709.14
BNR Bulletin Res Ltd -2% 2% 200% 207% 0.21 $62,368,486.56
RED Red 5 Limited -2% 11% 63% 118% 0.415 $989,671,473.84
ADN Andromeda Metals Ltd -2% -43% -43% -53% 0.1025 $310,423,509.90
NMR Native Mineral Res -2% -13% -16% -31% 0.2 $8,384,403.60
VMC Venus Metals Cor Ltd -3% 8% 3% 5% 0.195 $28,704,949.77
WAF West African Res Ltd -3% 3% 5% 45% 1.33 $1,312,023,219.76
MRR Minrex Resources Ltd -3% 17% 250% 233% 0.07 $62,144,918.52
KSN Kingston Resources -3% 6% -17% -17% 0.175 $72,234,651.83
TLM Talisman Mining -3% 0% 21% 25% 0.175 $31,915,714.49
AZS Azure Minerals -3% -4% -21% 6% 0.335 $102,542,787.93
LEX Lefroy Exploration -3% -3% -25% -73% 0.33 $48,138,640.44
AQI Alicanto Min Ltd -3% -16% -35% -19% 0.097 $36,357,793.62
S2R S2 Resources -3% -9% 90% -3% 0.16 $55,238,102.53
ADT Adriatic Metals -3% 2% -12% 16% 2.52 $504,577,925.50
OGC OceanaGold Corp. -3% 15% 35% 57% 3.43 $223,585,567.86
AAR Anglo Australian -3% -16% 11% -20% 0.092 $54,848,489.99
PGO Pacgold -3% 8% 139% 0% 0.75 $35,122,438.71
SLZ Sultan Resources Ltd -3% -3% -17% -17% 0.15 $12,909,080.30
TAM Tanami Gold NL -3% 5% -17% -22% 0.06 $70,505,822.76
AME Alto Metals Limited -3% -3% -11% -4% 0.089 $48,579,451.10
FAU First Au Ltd -3% 26% 32% -31% 0.0145 $12,133,664.24
GSN Great Southern -3% 16% -12% 5% 0.058 $30,877,290.99
ARN Aldoro Resources -3% -10% -42% -26% 0.285 $27,283,736.98
QML Qmines Limited -3% 2% -22% 0% 0.28 $18,626,070.12
BGL Bellevue Gold Ltd -4% -3% 13% 3% 0.955 $954,031,223.98
NAE New Age Exploration -4% 4% 23% -36% 0.0135 $18,666,685.83
RXL Rox Resources -4% 3% 4% -29% 0.395 $65,042,264.60
GSM Golden State Mining -4% -6% -27% -43% 0.077 $8,097,542.86
AUT Auteco Minerals -4% -3% -4% -14% 0.075 $144,711,151.76
FML Focus Minerals Ltd -4% -6% -16% -20% 0.235 $68,774,074.80
GBZ GBM Rsources Ltd -4% -8% -21% 0% 0.115 $62,151,081.24
NES Nelson Resources. -4% 10% -42% -70% 0.023 $6,474,537.61
CDR Codrus Minerals Ltd -4% -13% -35% 0% 0.091 $3,640,000.00
OKU Oklo Resources Ltd -4% -2% -36% -40% 0.09 $45,404,683.11
CHZ Chesser Resources -4% -12% -31% -19% 0.11 $64,363,542.10
CEL Challenger Exp Ltd -4% -3% 14% -11% 0.32 $324,765,178.08
TCG Turaco Gold Limited -5% -5% -31% 54% 0.1 $41,060,800.22
ICG Inca Minerals Ltd -5% -33% -20% -20% 0.1 $48,155,992.70
AXE Archer Materials -5% -2% -41% 1% 0.87 $218,123,142.16
AM7 Arcadia Minerals -5% 14% 54% 0% 0.285 $10,672,712.50
BTR Brightstar Resources -5% -5% -49% -19% 0.0285 $17,465,243.46
RND Rand Mining Ltd -5% -5% -5% -1% 1.5 $85,313,941.50
GCY Gascoyne Res Ltd -5% -5% -40% -47% 0.28 $112,869,873.25
HAV Havilah Resources -5% -8% -5% -20% 0.175 $54,216,182.48
CHN Chalice Mining Ltd -6% -3% 4% 4% 6.85 $2,332,504,224.18
BCN Beacon Minerals -6% -8% 6% -3% 0.034 $123,802,665.27
XAM Xanadu Mines Ltd -6% 21% 21% -51% 0.034 $43,780,066.67
EMR Emerald Res NL -6% 3% 20% 26% 1.18 $684,280,802.40
WWI West Wits Mining Ltd -6% -6% -18% -59% 0.033 $55,146,973.83
DGO DGO Gold Limited -6% 21% 20% -10% 3.3 $272,135,385.12
A1G African Gold Ltd. -6% -13% -28% -33% 0.165 $18,508,600.84
GWR GWR Group Ltd -6% 3% 14% -46% 0.16 $49,788,581.53
PAK Pacific American Hld -6% 0% 0% -18% 0.016 $7,646,038.43
CY5 Cygnus Gold Limited -6% -6% 19% 7% 0.16 $18,877,650.40
SAU Southern Gold -6% -8% -35% -44% 0.048 $10,239,780.29
OAU Ora Gold Limited -6% 0% 6% -19% 0.016 $16,701,574.67
ERM Emmerson Resources -6% -12% 40% 55% 0.115 $62,421,626.25
RML Resolution Minerals -6% -17% -21% -44% 0.015 $9,980,498.99
THR Thor Mining PLC -6% 7% -12% 7% 0.015 $14,194,478.63
ENR Encounter Resources -6% 0% -19% -2% 0.15 $50,690,692.16
SSR SSR Mining Inc. -6% 6% 41% 51% 30.7 $588,452,052.15
GOR Gold Road Res Ltd -6% -4% 12% 26% 1.555 $1,350,277,287.75
E2M E2 Metals -6% -10% -12% -27% 0.22 $38,089,016.68
DTM Dart Mining NL -6% -15% -34% -44% 0.073 $9,087,837.89
ASO Aston Minerals Ltd -6% -9% 16% 4% 0.145 $153,239,158.52
DEX Duke Exploration -6% -19% -26% -59% 0.145 $12,629,561.28
AGG AngloGold Ashanti -7% -10% 14% 4% 5.75 $490,642,707.50
AQX Alice Queen Ltd -7% 0% -30% -63% 0.007 $9,197,088.06
GMR Golden Rim Resources -7% -3% -22% -58% 0.07 $20,634,808.49
GRL Godolphin Resources -7% -3% -10% -26% 0.14 $11,355,035.09
TRN Torrens Mining -7% 4% -13% -10% 0.14 $9,928,091.32
NCM Newcrest Mining -7% 0% 6% 1% 26.865 $23,864,253,159.84
AMI Aurelia Metals Ltd -7% -7% 18% 12% 0.4475 $538,119,558.80
MKR Manuka Resources. -7% -4% -28% -35% 0.275 $32,493,376.30
EVN Evolution Mining Ltd -7% -9% 9% -13% 4.04 $7,332,030,732.00
TTM Titan Minerals -7% -4% -15% -11% 0.093 $131,104,009.57
RRL Regis Resources -7% -1% 3% -19% 2.09 $1,532,195,884.94
SVL Silver Mines Limited -7% -9% 3% 1% 0.2275 $284,203,071.46
M24 Mamba Exploration -7% -10% -33% -45% 0.13 $5,482,750.39
BRB Breaker Res NL -7% 2% -20% 21% 0.26 $83,089,436.90
STN Saturn Metals -7% 1% -13% -10% 0.385 $49,361,687.26
WRM White Rock Min Ltd -7% -7% -43% -61% 0.19 $30,749,577.50
KAU Kaiser Reef -7% -16% -3% -43% 0.19 $25,246,789.23
CYL Catalyst Metals -7% -9% -16% -19% 1.75 $179,189,825.36
NVA Nova Minerals Ltd -8% -9% -50% -50% 0.73 $125,240,588.08
M2R Miramar -8% 13% 0% -23% 0.18 $8,966,703.60
HRZ Horizon -8% 4% -4% 4% 0.12 $70,996,900.00
GML Gateway Mining -8% 0% -33% -56% 0.012 $27,121,276.40
KTA Krakatoa Resources -8% 131% 82% 94% 0.12 $32,418,090.87
MBK Metal Bank Ltd -8% -14% -25% -37% 0.006 $15,646,908.96
TBR Tribune Res Ltd -8% -7% -9% -14% 4.5 $248,174,004.21
BBX BBX Minerals Ltd -8% -8% -32% -57% 0.115 $55,202,577.00
MEK Meeka Gold Limited -8% -12% 2% 0% 0.046 $42,337,722.19
IVR Investigator Res Ltd -8% -10% -21% -27% 0.0615 $79,938,819.42
MZZ Matador Mining Ltd -8% -5% -38% -32% 0.2475 $52,084,681.20
AVW Avira Resources Ltd -8% 0% -8% -31% 0.0055 $11,653,345.00
BEZ Besragoldinc -8% -20% -61% 0% 0.055 $9,451,747.80
GNM Great Northern -8% -8% -31% -50% 0.0055 $10,254,305.86
KCC Kincora Copper -9% -23% -31% -64% 0.096 $7,103,855.04
KRM Kingsrose Mining Ltd -9% -11% 28% 46% 0.073 $54,715,435.89
MEI Meteoric Resources -9% 3% -18% -71% 0.0155 $22,894,460.57
SBM St Barbara Limited -9% -9% -9% -29% 1.335 $1,064,533,872.24
MM8 Medallion Metals. -9% 2% 34% 4% 0.255 $26,509,914.00
CDT Castle Minerals -9% -9% 183% 240% 0.051 $51,973,635.17
ARV Artemis Resources -9% -12% -38% -38% 0.061 $84,688,190.02
KZR Kalamazoo Resources -9% 8% 9% -10% 0.405 $59,529,693.34
GTR Gti Resources -9% -29% -31% -6% 0.02 $26,025,029.05
RDS Redstone Resources -9% 11% -29% -9% 0.01 $7,368,323.96
MGV Musgrave Minerals -9% 5% -12% -9% 0.34 $177,267,073.17
PNT Panthermetalsltd -10% 0% 0% 0% 0.235 $6,580,000.00
KAL Kalgoorliegoldmining -10% -18% 0% 0% 0.14 $10,140,844.00
WCN White Cliff Min Ltd -10% 12% 100% 40% 0.028 $18,300,894.14
CBY Canterbury Resources -10% -30% -51% -49% 0.056 $7,391,911.80
LCY Legacy Iron Ore -10% 40% 115% 47% 0.028 $172,984,307.37
BGD Bartongoldholdings -10% -12% 35% 0% 0.23 $19,743,199.08
NXM Nexus Minerals Ltd -10% -28% -26% 254% 0.315 $88,351,036.96
GSR Greenstone Resources -10% -15% 31% 66% 0.0315 $30,242,971.74
MDI Middle Island Res -10% 13% 23% 8% 0.135 $16,526,459.97
BC8 Black Cat Syndicate -10% -9% -5% -33% 0.53 $92,884,188.60
GMD Genesis Minerals -10% -1% 14% 135% 1.455 $365,706,817.10
TSO Tesoro Resources Ltd -10% -8% -19% -64% 0.07 $49,464,247.42
CMM Capricorn Metals -10% 4% 66% 134% 4.14 $1,493,753,340.66
BAT Battery Minerals Ltd -11% -6% -35% -55% 0.0085 $21,127,181.14
HRN Horizon Gold Ltd -11% -10% -14% -3% 0.38 $41,609,886.24
RDT Red Dirt Metals Ltd -11% -20% -22% 184% 0.525 $160,373,098.54
PNR Pantoro Limited -11% -8% 24% 37% 0.28 $448,837,847.97
LYN Lycaonresources -11% -2% 0% 0% 0.4 $11,805,000.00
WGX Westgold Resources. -11% -14% -16% -25% 1.63 $748,123,942.28
AUC Ausgold Limited -11% 6% 67% 46% 0.07 $133,244,268.79
LCL Los Cerros Limited -11% -23% -38% -50% 0.093 $58,366,021.95
AL8 Alderan Resource Ltd -12% 10% -43% -70% 0.023 $10,213,585.92
DEG De Grey Mining -12% 2% 7% -17% 1.1975 $1,669,479,577.13
MML Medusa Mining Ltd -12% -15% 5% -1% 0.795 $185,784,385.32
ANX Anax Metals Ltd -12% 29% 10% 33% 0.11 $46,049,238.40
MLS Metals Australia -12% 45% 263% 190% 0.145 $57,522,492.30
NST Northern Star -12% -9% 4% -7% 9.85 $11,359,980,664.50
MCT Metalicity Limited -13% 17% -22% -46% 0.007 $17,888,682.04
AAJ Aruma Resources Ltd -13% 9% 21% 38% 0.105 $14,440,458.28
GMN Gold Mountain Ltd -13% -22% -63% -83% 0.007 $8,352,044.19
SKY SKY Metals Ltd -13% -1% -7% -37% 0.091 $36,924,780.06
MHC Manhattan Corp Ltd -13% -7% 8% -7% 0.013 $18,315,344.32
SLR Silver Lake Resource -13% -15% 10% 8% 1.8525 $1,744,066,783.13
ARL Ardea Resources Ltd -14% 1% 255% 255% 1.625 $274,975,190.64
HXG Hexagon Energy -14% -22% -57% -75% 0.038 $16,963,930.85
TAR Taruga Minerals -14% -27% -62% -65% 0.019 $11,560,964.80
RVR Red River Resources -14% 0% 2% 0% 0.22 $116,654,509.80
ALK Alkane Resources Ltd -14% -5% 14% 44% 1.03 $589,627,585.80
AYM Australia United Min -14% -14% -40% -40% 0.006 $11,055,464.91
MTC Metalstech Ltd -15% -6% -29% 158% 0.25 $39,999,501.60
VKA Viking Mines Ltd -15% 0% -45% -68% 0.011 $11,277,842.74
CLA Celsius Resource Ltd -15% -21% -15% -45% 0.022 $28,093,712.66
YRL Yandal Resources -16% -8% -41% -53% 0.24 $30,183,803.78
TMZ Thomson Res Ltd -16% -23% -58% -68% 0.037 $24,301,248.13
IPT Impact Minerals -16% 12% -4% -29% 0.013 $24,095,077.45
LRL Labyrinth Resources -16% -11% 17% -16% 0.041 $33,187,936.69
MEG Megado -17% 43% 63% 0% 0.15 $6,457,319.70
MOH Moho Resources -17% 4% -10% -27% 0.053 $6,766,692.09
EM2 Eagle Mountain -18% -22% -50% -71% 0.345 $95,486,729.76
DCN Dacian Gold Ltd -18% -2% -2% -38% 0.23 $249,567,724.49
KCN Kingsgate Consolid. -18% -6% -16% 60% 1.4 $309,848,634.20
EMU EMU NL -18% 0% -40% -65% 0.018 $10,996,289.68
PUR Pursuit Minerals -18% 29% -23% -63% 0.027 $24,584,279.04
OZM Ozaurum Resources -18% 41% 3% -6% 0.155 $9,440,640.00
GBR Greatbould Resources -19% -22% -35% 87% 0.097 $41,343,472.95
PNM Pacific Nickel Mines -19% -14% -22% 80% 0.097 $28,483,964.88
MTH Mithril Resources -20% -30% -43% -53% 0.008 $26,282,097.37
SBR Sabre Resources -21% -8% 10% 10% 0.0055 $15,340,406.70
WMC Wiluna Mining Corp -22% -19% -28% -27% 0.73 $156,373,059.30
VRC Volt Resources Ltd -22% 31% -30% -9% 0.021 $63,052,275.54
OBM Ora Banda Mining Ltd -24% -25% -50% -82% 0.039 $57,707,466.73
OKR Okapi Resources -24% 4% -49% 57% 0.29 $35,141,751.90

 

Reporting Season Wrap

It was a short but busy week for quarterlies. Here is a pick of some of the big boys.

NEWCREST MINING (ASX:NCM)

Australia’s biggest gold miner produced 480,000oz of gold and 31,000t of copper in the three months to March 31 at all in sustaining costs of US$1008/oz.

That’s an AISC margin of US$809/oz.

It expects production to keep rising in the June quarter after narrowing FY22 guidance to 1.925-2.025Moz of gold and 125,000-130,000t copper, up on previous estimates thanks to the acquisition of Pretium Resources and its Brucejack mine in Canada.

SILVER LAKE RESOURCES (ASX:SLR)

The WA gold miner sensationally dumped guidance this week, prompting a major sell off.

Silver Lake produced 53,811oz of gold and 262t of copper in Q1 at an AISC of $1634/oz.

Despite reporting year to date production of 182,778oz of gold and 756t of copper at $1643/oz and average sales of $2441/oz, SLR said COVID cases at WA mines ‘Mount Monger’ and ‘Deflector’ in March and April led it to withdraw guidance.

The company said while it is positioned to meet its FY22 guidance, the “severe disruption caused by COVID-19 related labour shortages” and related supply chain disruptions are likely to continue.

ST BARBARA (ASX:SBM)

A problem also felt by SBM, which reported a massive climb in all in sustaining costs from $1587/oz in the December quarter to $2290/oz in the March quarter on production of 61,819oz of gold.

The owner of the Gwalia gold mine in Leonora said its WA operations were impacted by skilled labour shortages as well as lower grades and third-party ore feed.  It also suffered a major COVID outbreak at the Simberi mine in PNG as well as lower grades at the Atlantic gold operations in Canada.

Managing director Craig Jetson said competition for labour was so fierce in WA at the moment that critical maintenance staff were being poached in the days and weeks before shutdowns.

Newcrest, Silver Lake, St Barbara share price charts:

 

REGIS RESOURCES (ASX:RRL)

RRL reported gold production of 103,100oz at AISC of $1574/oz in the March quarter.

That included 74,800oz at its flagship Duketon project at $1672/oz and 28,300oz at $1216/oz from Regis’ 30% share in AngloGold Ashanti’s Tropicana mine.

RBC’s Alex Barkley said COVID and labour issues sent gold production 8% short on its estimates but AISC impacts were “controlled”.

NORTHERN STAR (ASX:NST) 

Australia’s second biggest gold miner upped its cost guidance for 2021-22 after a March quarter where input costs and labour pressures continued to be felt.

Northern Star’s AISC has risen from $1593/oz in the September quarter to $1631/oz in December and $1656/oz in March on gold sales of 380,075oz and all in costs of $2171/oz.

Much of that had been driven by issues at the Pogo mine, where NST is expecting an improved run rate of 240,000ozpa for the second half after completing a mill upgrade and improving underground development rates.

Its average realised price of $2468/oz delivered sales revenue of $937m, with cash and bullion of $533m and net cash of $433m on hand at the end of the quarter.

RAMELIUS RESOURCES (ASX:RMS)

Ramelius meanwhile says it plans to hit the lower end of its guidance of 260,000-265,000oz at $1475-1525/oz after producing 58,602oz at $1596/oz in the March quarter as road train driver shortages hit their peak in January and February.

It is planning a big ramp up to 69,000-74,000oz at $1525/oz in the June quarter.

Regis, Northern Star, Ramelius share price chart: