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Gold Digger: Bears are tearing into gold prices on potential US interest rate rise
Mining
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Gold is spending the first part of 2022 getting smacked around by bears on concerns that the US Federal Reserve will raise interest rates sooner than expected.
Kitco noted that minutes from the Reserve’s meeting on Wednesday suggest that inflationary concerns brought about by a “very tight” US job market and rising inflation that outweighs the economic risks brought about by the Omicron variant of COVID-19.
After rising to a high of US$1,833 per oz right after the New Year, gold prices have dived back below the US$1,800/oz mark to US$1,789.29/oz last night.
However, analysts flagged that the inflationary pressure might be overstated given the recent drop in the US ISM services index – though it still remains strong by historical standards.
“That said, we suspect it is still painting an overly optimistic picture of activity, especially given the potential hit from the surge in Omicron infections,” Capital Economics senior US economist Andrew Hunter said.
“The biggest concern is that the resulting wave of absenteeism will cause a significantly (albeit hopefully short-lived) hit to labour supply, reducing output in the manufacturing and services sectors alike.”
Metals Focus noted that while studies have shown that Omicron is indeed less likely to cause serious illness compared to other variants, its rapid spread has resulted in record infection rates that have already caused disruptions to many industries.
It added that there is a risk that sooner than expected rate hikes could derail economic momentum, particularly when supply side driven inflationary pressures and elevated energy costs have already affected consumer sentiment.
However, the precious metals research consultancy acknowledged that without any dramatic worsening of economic conditions, price gains in early 2022 should be modest, with gold being capped below its 2021 high.
It expects the investment case for gold to turn bearish in the second half of 2022 as the global economic recovery gains a stronger foothold and provides support for current high equity valuations.
Winners & Losers
Here’s how ASX-listed gold & silver stocks are performing:
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| CODE | COMPANY | PRICE | % YEAR | %SIX MONTH | % ONE MONTH | % WEEK | MARKET CAP |
|---|---|---|---|---|---|---|---|
| NPM | Newpeak Metals | 0.002 | -33% | 0% | 33% | 100% | $15,299,500.07 |
| NAE | New Age Exploration | 0.019 | 46% | 46% | 90% | 73% | $22,974,382.56 |
| ARL | Ardea Resources Ltd | 0.75 | 67% | 70% | 50% | 63% | $70,803,411.69 |
| SFM | Santa Fe Minerals | 0.22 | 150% | 156% | 100% | 57% | $16,384,227.53 |
| ANL | Amani Gold Ltd | 0.0015 | 50% | -25% | 50% | 50% | $34,313,346.16 |
| MDI | Middle Island Res | 0.145 | -59% | 16% | 51% | 45% | $17,138,551.08 |
| PNM | Pacific Nickel Mines | 0.12 | 118% | 140% | 48% | 43% | $28,447,528.10 |
| XTC | Xantippe Res Ltd | 0.0095 | 375% | 375% | 90% | 36% | $51,647,610.56 |
| FAU | First Au Ltd | 0.012 | -29% | -8% | 20% | 33% | $9,406,931.39 |
| AM7 | Arcadia Minerals | 0.28 | 0% | 60% | 27% | 30% | $9,306,204.75 |
| BYH | Bryah Resources Ltd | 0.058 | -16% | 0% | 10% | 29% | $12,667,601.80 |
| MLS | Metals Australia | 0.0025 | 25% | 25% | 25% | 25% | $10,477,114.72 |
| SLZ | Sultan Resources Ltd | 0.21 | 2% | 14% | 31% | 24% | $13,906,877.80 |
| AXE | Archer Materials | 1.33 | 140% | 15% | 17% | 23% | $336,691,401.52 |
| PGD | Peregrine Gold | 0.72 | 0% | 69% | 97% | 23% | $24,191,132.40 |
| CPM | Coopermetalslimited | 0.3075 | 0% | 0% | 76% | 23% | $8,241,100.00 |
| ZNC | Zenith Minerals Ltd | 0.355 | 209% | 31% | 58% | 22% | $93,903,204.95 |
| BTR | Brightstar Resources | 0.059 | -18% | 103% | 26% | 20% | $32,811,652.14 |
| BNR | Bulletin Res Ltd | 0.09 | 25% | 53% | 18% | 20% | $24,702,624.35 |
| MRZ | Mont Royal Resources | 0.395 | 52% | 58% | 0% | 20% | $23,042,700.65 |
| PF1 | Pathfinder Resources | 0.34 | 19% | 6% | 17% | 19% | $19,123,563.60 |
| SKY | SKY Metals Ltd | 0.125 | -36% | 25% | 25% | 19% | $45,214,016.40 |
| WCN | White Cliff Min Ltd | 0.025 | -11% | 108% | 56% | 19% | $13,050,320.78 |
| TNR | Torian Resources Ltd | 0.026 | -7% | 0% | 44% | 18% | $23,980,926.05 |
| TAR | Taruga Minerals | 0.048 | -4% | -6% | 23% | 17% | $23,554,760.28 |
| LNY | Laneway Res Ltd | 0.007 | 0% | 40% | 17% | 17% | $29,981,461.53 |
| DDD | 3D Resources Limited | 0.0035 | -15% | -13% | 0% | 17% | $13,581,302.32 |
| GSM | Golden State Mining | 0.098 | -46% | -41% | 18% | 17% | $8,308,798.50 |
| RDS | Redstone Resources | 0.015 | 0% | 15% | 15% | 15% | $11,503,985.01 |
| TBA | Tombola Gold Ltd | 0.032 | -46% | -20% | 0% | 14% | $23,948,903.55 |
| BMR | Ballymore Resources | 0.205 | 0% | 0% | -5% | 14% | $13,226,054.58 |
| IDA | Indiana Resources | 0.066 | 10% | -6% | 10% | 14% | $27,401,658.48 |
| LCL | Los Cerros Limited | 0.125 | 4% | -31% | -4% | 14% | $86,142,332.93 |
| S2R | S2 Resources | 0.21 | 8% | 45% | 8% | 14% | $76,620,593.83 |
| PNR | Pantoro Limited | 0.38 | 62% | 77% | 12% | 13% | $591,989,453.16 |
| KCN | Kingsgate Consolid. | 2.13 | 124% | 163% | 21% | 13% | $482,478,587.54 |
| ADN | Andromeda Metals Ltd | 0.215 | -30% | 30% | 26% | 13% | $534,001,314.89 |
| XAM | Xanadu Mines Ltd | 0.0305 | -24% | -15% | 17% | 13% | $36,644,334.75 |
| SIH | Sihayo Gold Limited | 0.009 | -55% | -18% | 29% | 13% | $33,169,152.72 |
| TSC | Twenty Seven Co. Ltd | 0.0045 | -25% | 0% | 0% | 13% | $11,973,662.57 |
| OAU | Ora Gold Limited | 0.018 | -14% | 0% | 38% | 13% | $17,684,020.24 |
| DEG | De Grey Mining | 1.26 | 23% | 4% | 8% | 12% | $1,680,676,112.38 |
| LM8 | Lunnonmetalslimited | 0.535 | 0% | 19% | 30% | 11% | $40,981,083.46 |
| AAJ | Aruma Resources Ltd | 0.088 | -16% | 44% | 31% | 11% | $10,580,766.25 |
| AMI | Aurelia Metals Ltd | 0.445 | 2% | -3% | 0% | 11% | $550,490,123.37 |
| GWR | GWR Group Ltd | 0.2 | -51% | -51% | 90% | 11% | $65,267,463.14 |
| HAW | Hawthorn Resources | 0.11 | 11% | 124% | 13% | 11% | $33,018,045.69 |
| RGL | Riversgold | 0.02 | -62% | -43% | 0% | 11% | $7,676,801.72 |
| AZS | Azure Minerals | 0.405 | -25% | 72% | 13% | 11% | $133,616,360.03 |
| GBR | Greatbould Resources | 0.155 | 260% | 76% | 19% | 11% | $53,585,371.35 |
| HMX | Hammer Metals Ltd | 0.063 | 62% | -31% | 37% | 11% | $49,714,672.00 |
| GTR | Gti Resources | 0.0265 | 6% | 19% | 10% | 10% | $29,348,311.93 |
| MTC | Metalstech Ltd | 0.33 | 124% | 78% | 14% | 10% | $54,999,314.70 |
| AWJ | Auric Mining | 0.11 | 0% | -27% | 0% | 10% | $6,167,629.27 |
| RRL | Regis Resources | 2.01 | -45% | -21% | 10% | 10% | $1,509,552,596.00 |
| A8G | Australasian Metals | 0.615 | 0% | 324% | 43% | 10% | $23,298,886.52 |
| DTM | Dart Mining NL | 0.093 | -48% | -34% | 13% | 9% | $12,075,620.21 |
| SMI | Santana Minerals Ltd | 0.35 | 84% | 312% | 9% | 9% | $46,423,050.80 |
| WWI | West Wits Mining Ltd | 0.035 | -50% | -57% | 3% | 9% | $66,039,568.60 |
| TSO | Tesoro Resources Ltd | 0.082 | -72% | -53% | 5% | 9% | $43,249,241.65 |
| BAT | Battery Minerals Ltd | 0.012 | -45% | -37% | -8% | 9% | $29,343,307.14 |
| MM8 | Medallion Metals. | 0.25 | 0% | -2% | 35% | 9% | $27,467,678.94 |
| BRV | Big River Gold Ltd | 0.255 | -31% | -38% | 6% | 9% | $54,860,613.00 |
| MHC | Manhattan Corp Ltd | 0.013 | -53% | -7% | 0% | 8% | $19,078,483.66 |
| ANX | Anax Metals Ltd | 0.0865 | 88% | 14% | -2% | 8% | $31,369,546.21 |
| PUR | Pursuit Minerals | 0.027 | -7% | -58% | -4% | 8% | $25,529,828.24 |
| HCH | Hot Chili Ltd | 1.8 | -14% | 9% | -6% | 8% | $193,324,887.00 |
| GML | Gateway Mining | 0.014 | -58% | -26% | -18% | 8% | $31,641,489.14 |
| GRL | Godolphin Resources | 0.145 | -34% | -19% | 4% | 7% | $11,775,591.94 |
| KAI | Kairos Minerals Ltd | 0.029 | -15% | 0% | 16% | 7% | $50,537,434.84 |
| EM2 | Eagle Mountain | 0.66 | 63% | -27% | 20% | 7% | $151,537,705.44 |
| WAF | West African Res Ltd | 1.33 | 35% | 20% | -4% | 7% | $1,378,044,690.75 |
| VKA | Viking Mines Ltd | 0.015 | -61% | -21% | -17% | 7% | $14,353,618.03 |
| NSM | Northstaw | 0.3 | -31% | -9% | -2% | 7% | $11,837,465.00 |
| AZL | Arizona Lithium Ltd | 0.1125 | 765% | 241% | 13% | 7% | $227,378,727.61 |
| MEU | Marmota Limited | 0.046 | -4% | -4% | 5% | 7% | $45,083,740.54 |
| ERM | Emmerson Resources | 0.165 | 114% | 126% | 14% | 6% | $79,718,158.24 |
| DGO | DGO Gold Limited | 2.81 | -4% | -24% | 6% | 6% | $221,214,346.80 |
| CAI | Calidus Resources | 0.745 | 52% | 52% | 24% | 6% | $304,201,410.64 |
| TRM | Truscott Mining Corp | 0.034 | 89% | -6% | 13% | 6% | $5,166,012.50 |
| CBY | Canterbury Resources | 0.088 | -20% | -12% | 6% | 6% | $10,841,470.64 |
| KRM | Kingsrose Mining Ltd | 0.089 | 112% | 65% | 3% | 6% | $70,169,732.69 |
| VMC | Venus Metals Cor Ltd | 0.18 | -10% | -10% | 3% | 6% | $27,194,162.94 |
| DCN | Dacian Gold Ltd | 0.205 | -59% | -33% | 24% | 5% | $222,440,797.92 |
| RMS | Ramelius Resources | 1.5175 | -6% | -10% | 2% | 5% | $1,266,382,259.14 |
| MKG | Mako Gold | 0.105 | -16% | 24% | -13% | 5% | $40,135,368.21 |
| RDN | Raiden Resources Ltd | 0.021 | -30% | -25% | 5% | 5% | $30,257,200.69 |
| MEG | Megado | 0.087 | -57% | -30% | -4% | 5% | $3,659,147.83 |
| CDT | Castle Minerals | 0.044 | 389% | 193% | 76% | 5% | $35,173,786.04 |
| EVN | Evolution Mining Ltd | 4.04 | -15% | -13% | 0% | 5% | $7,350,360,808.83 |
| EMR | Emerald Res NL | 1.14 | 44% | 34% | 7% | 5% | $613,048,003.98 |
| PRU | Perseus Mining Ltd | 1.6 | 33% | 8% | 2% | 5% | $1,917,384,306.35 |
| AQI | Alicanto Min Ltd | 0.115 | -8% | -41% | -8% | 5% | $44,012,065.96 |
| CAZ | Cazaly Resources | 0.047 | 7% | -15% | 4% | 4% | $17,369,473.55 |
| WRM | White Rock Min Ltd | 0.235 | -57% | -54% | 4% | 4% | $35,682,581.89 |
| AAR | Anglo Australian | 0.12 | -11% | 50% | 36% | 4% | $71,541,508.68 |
| SFR | Sandfire Resources | 7.07 | 40% | 13% | 12% | 4% | $2,861,673,613.14 |
| CHN | Chalice Mining Ltd | 8.66 | 120% | 24% | -2% | 4% | $3,095,368,693.28 |
| ADV | Ardiden Ltd | 0.0125 | -43% | 56% | 14% | 4% | $28,188,359.63 |
| THR | Thor Mining PLC | 0.0125 | -22% | -26% | -11% | 4% | $10,981,885.98 |
| HXG | Hexagon Energy | 0.076 | -21% | 7% | 1% | 4% | $33,451,037.03 |
| AAU | Antilles Gold Ltd | 0.077 | 0% | 1% | 7% | 4% | $23,104,377.04 |
| ADT | Adriatic Metals | 2.58 | 19% | -1% | -4% | 4% | $542,734,986.92 |
| OZM | Ozaurum Resources | 0.13 | 0% | -4% | 4% | 4% | $7,438,080.00 |
| NCM | Newcrest Mining | 24.97 | -7% | -4% | 8% | 4% | $20,203,566,823.70 |
| AL8 | Alderan Resource Ltd | 0.028 | -75% | -44% | -24% | 4% | $11,915,850.24 |
| GSR | Greenstone Resources | 0.028 | 4% | 40% | -3% | 4% | $23,405,281.98 |
| NST | Northern Star | 9.36 | -28% | -9% | 4% | 4% | $10,714,423,030.80 |
| KCC | Kincora Copper | 0.15 | 0% | -38% | 25% | 3% | $10,966,367.85 |
| RDT | Red Dirt Metals Ltd | 0.775 | 204% | 384% | 22% | 3% | $198,288,742.32 |
| AGG | AngloGold Ashanti | 5.63 | -6% | 4% | 4% | 3% | $505,808,027.55 |
| AME | Alto Metals Limited | 0.098 | 3% | 6% | -4% | 3% | $52,275,713.69 |
| AGC | AGC Ltd | 0.1 | 0% | -31% | 10% | 3% | $6,772,728.40 |
| AGC | AGC Ltd | 0.1 | 0% | -31% | 10% | 3% | $6,772,728.40 |
| BBX | BBX Minerals Ltd | 0.17 | -39% | -26% | -3% | 3% | $78,203,650.75 |
| CMM | Capricorn Metals | 3.345 | 99% | 83% | 2% | 3% | $1,236,820,146.22 |
| PDI | Predictive Disc Ltd | 0.2725 | 354% | 187% | 16% | 3% | $375,465,640.00 |
| MZZ | Matador Mining Ltd | 0.365 | 6% | -18% | 0% | 3% | $75,592,482.35 |
| AUT | Auteco Minerals | 0.076 | -31% | -37% | 12% | 3% | $126,613,420.20 |
| LRL | Labyrinth Resources | 0.038 | 27% | -16% | 9% | 3% | $31,304,203.16 |
| SLR | Silver Lake Resource | 1.76 | -1% | 2% | 8% | 3% | $1,553,991,417.23 |
| GIB | Gibb River Diamonds | 0.08 | 0% | 36% | -11% | 3% | $17,343,774.49 |
| BGL | Bellevue Gold Ltd | 0.825 | -24% | -18% | -5% | 2% | $855,980,395.23 |
| ASO | Aston Minerals Ltd | 0.1125 | 231% | -30% | -6% | 2% | $114,503,691.48 |
| GBZ | GBM Rsources Ltd | 0.1125 | -10% | -13% | -6% | 2% | $61,297,116.84 |
| BDC | Bardoc Gold Ltd | 0.475 | -10% | 26% | 25% | 2% | $136,640,257.91 |
| KTA | Krakatoa Resources | 0.048 | -36% | -8% | 2% | 2% | $14,440,785.93 |
| G50 | Gold50Limited | 0.255 | 0% | 0% | 2% | 2% | $14,284,590.26 |
| SBM | St Barbara Limited | 1.38 | -40% | -25% | -7% | 2% | $972,052,057.13 |
| ALK | Alkane Resources Ltd | 0.88 | 5% | -22% | 9% | 2% | $521,135,492.50 |
| MAT | Matsa Resources | 0.059 | -39% | -34% | 7% | 2% | $20,819,367.96 |
| CEL | Challenger Exp Ltd | 0.3 | 28% | 0% | 9% | 2% | $293,836,127.40 |
| MKR | Manuka Resources. | 0.31 | -21% | 7% | 0% | 2% | $30,954,774.22 |
| MOH | Moho Resources | 0.063 | -28% | -13% | 7% | 2% | $7,923,850.33 |
| STK | Strickland Metals | 0.07 | 86% | 67% | 6% | 1% | $90,852,805.86 |
| MML | Medusa Mining Ltd | 0.705 | -10% | -21% | -1% | 1% | $148,688,755.22 |
| WGX | Westgold Resources. | 1.925 | -23% | 3% | 1% | 1% | $802,060,272.91 |
| A1G | African Gold Ltd. | 0.195 | -4% | -4% | 15% | 1% | $22,592,962.32 |
| NXM | Nexus Minerals Ltd | 0.425 | 227% | 406% | -28% | 1% | $122,381,308.08 |
| CYL | Catalyst Metals | 1.92 | -9% | -7% | -7% | 1% | $188,542,709.55 |
| RED | Red 5 Limited | 0.2775 | 7% | 46% | -3% | 1% | $659,780,982.56 |
| SSR | SSR Mining Inc. | 23.46 | -2% | 12% | -1% | 1% | $492,646,001.99 |
| BC8 | Black Cat Syndicate | 0.61 | -13% | 2% | 15% | 1% | $86,596,803.77 |
| MRR | Minrex Resources Ltd | 0.057 | 148% | 200% | 54% | 0% | $37,965,797.30 |
| GED | Golden Deeps | 0.011 | -8% | -15% | -8% | 0% | $8,534,365.84 |
| TMX | Terrain Minerals | 0.008 | -20% | -20% | 0% | 0% | $5,886,088.07 |
| IPT | Impact Minerals | 0.0135 | -29% | -4% | 0% | 0% | $26,309,333.95 |
| PRX | Prodigy Gold NL | 0.034 | -32% | -17% | 0% | 0% | $19,809,338.60 |
| REZ | Resourc & En Grp Ltd | 0.064 | 36% | 106% | 39% | 0% | $31,987,570.50 |
| KAL | Kalgoorliegoldmining | 0.145 | 0% | 0% | -3% | 0% | $10,865,190.00 |
| MEI | Meteoric Resources | 0.017 | -76% | -67% | 6% | 0% | $25,947,055.31 |
| SRN | Surefire Rescs NL | 0.011 | -56% | -21% | 0% | 0% | $12,147,414.50 |
| AWV | Anova Metals Ltd | 0.018 | -33% | -10% | -5% | 0% | $25,795,695.60 |
| PAK | Pacific American Hld | 0.016 | -29% | 1% | -11% | 0% | $7,646,038.43 |
| MCT | Metalicity Limited | 0.009 | -47% | -31% | 0% | 0% | $21,839,569.80 |
| CTO | Citigold Corp Ltd | 0.009 | -36% | -25% | -10% | 0% | $25,502,931.82 |
| M2R | Miramar | 0.18 | -37% | -3% | -23% | 0% | $8,717,628.50 |
| TRY | Troy Resources Ltd | 0.037 | -59% | -10% | 0% | 0% | $31,631,563.33 |
| KGM | Kalnorth Gold Ltd | 0.013 | 0% | 0% | 0% | 0% | $11,625,120.78 |
| CGN | Crater Gold Min Ltd | 0.017 | -15% | 0% | 0% | 0% | $20,867,429.74 |
| RMX | Red Mount Min Ltd | 0.01 | -29% | 0% | 11% | 0% | $14,644,583.02 |
| NML | Navarre Minerals Ltd | 0.078 | -58% | -20% | 13% | 0% | $106,444,427.86 |
| BCN | Beacon Minerals | 0.033 | 4% | -3% | 6% | 0% | $118,511,744.74 |
| SVL | Silver Mines Limited | 0.21 | -11% | -19% | 8% | 0% | $271,284,750.03 |
| FG1 | Flynngold | 0.16 | 0% | 0% | -14% | 0% | $10,149,768.00 |
| RML | Resolution Minerals | 0.017 | -55% | -31% | 6% | 0% | $10,501,865.58 |
| HMG | Hamelingoldlimited | 0.15 | 0% | 0% | 3% | 0% | $17,600,000.00 |
| HMG | Hamelingoldlimited | 0.15 | 0% | 0% | 3% | 0% | $17,600,000.00 |
| CLA | Celsius Resource Ltd | 0.025 | -55% | -31% | 19% | 0% | $26,349,452.03 |
| TCG | Turaco Gold Limited | 0.115 | 92% | 15% | -12% | 0% | $49,027,694.82 |
| KWR | Kingwest Resources | 0.195 | 5% | 138% | 8% | 0% | $49,786,407.63 |
| RVR | Red River Resources | 0.2 | -29% | -15% | 14% | 0% | $103,692,897.60 |
| TAM | Tanami Gold NL | 0.062 | -31% | -16% | -3% | 0% | $74,031,113.90 |
| GSN | Great Southern | 0.064 | -26% | 23% | 5% | 0% | $30,877,290.99 |
| CDR | Codrus Minerals Ltd | 0.135 | 0% | -31% | -10% | 0% | $5,400,000.00 |
| ALY | Alchemy Resource Ltd | 0.012 | -23% | -18% | 9% | 0% | $11,428,138.68 |
| AVW | Avira Resources Ltd | 0.005 | -38% | -9% | 0% | 0% | $8,593,950.00 |
| ZAG | Zuleika Gold Ltd | 0.02 | -63% | -29% | -5% | 0% | $8,201,867.46 |
| ARN | Aldoro Resources | 0.37 | 90% | -5% | -9% | 0% | $33,092,277.93 |
| DTR | Dateline Resources | 0.077 | 54% | -9% | -1% | 0% | $33,720,745.14 |
| TLM | Talisman Mining | 0.17 | 55% | -6% | 10% | 0% | $30,977,017.01 |
| GNM | Great Northern | 0.006 | -54% | -50% | -14% | 0% | $9,808,831.34 |
| STN | Saturn Metals | 0.405 | -36% | -12% | -1% | 0% | $50,826,337.60 |
| E2M | E2 Metals | 0.285 | -50% | -14% | 2% | 0% | $43,636,651.77 |
| AYM | Australia United Min | 0.008 | 0% | 0% | 14% | 0% | $14,740,619.88 |
| KLA | Kirkland Lake Gold | 56.8 | 6% | 6% | 7% | 0% | $56,740,000.00 |
| RND | Rand Mining Ltd | 1.46 | -18% | 0% | 1% | -1% | $83,038,903.06 |
| TBR | Tribune Res Ltd | 4.82 | -18% | -5% | 0% | -1% | $252,896,131.14 |
| HRN | Horizon Gold Ltd | 0.42 | -14% | 2% | -3% | -1% | $46,944,487.04 |
| YRL | Yandal Resources | 0.375 | -12% | -29% | -3% | -1% | $44,695,247.91 |
| GOR | Gold Road Res Ltd | 1.465 | 15% | 12% | 0% | -1% | $1,296,415,517.46 |
| KZR | Kalamazoo Resources | 0.36 | -41% | -5% | 6% | -1% | $52,995,946.51 |
| RSG | Resolute Mining | 0.35 | -55% | -41% | -3% | -1% | $386,376,032.00 |
| NWM | Norwest Minerals | 0.067 | -16% | -19% | -11% | -1% | $12,100,689.03 |
| LEX | Lefroy Exploration | 0.31 | 51% | -63% | -3% | -2% | $45,221,147.08 |
| TMZ | Thomson Res Ltd | 0.062 | -46% | -52% | 3% | -2% | $35,398,253.21 |
| SNG | Siren Gold | 0.275 | -61% | 12% | -5% | -2% | $23,220,978.83 |
| HRZ | Horizon | 0.1225 | 23% | -6% | -2% | -2% | $70,996,900.00 |
| NMR | Native Mineral Res | 0.23 | -41% | 1% | -2% | -2% | $9,730,060.09 |
| G88 | Golden Mile Res Ltd | 0.045 | -17% | -24% | -10% | -2% | $7,695,824.76 |
| MAU | Magnetic Resources | 1.46 | 19% | -3% | -4% | -2% | $326,418,801.65 |
| DRE | Drednought Resources | 0.04 | 90% | 3% | 3% | -2% | $113,487,342.04 |
| LYN | Lycaonresources | 0.4 | 0% | 0% | 14% | -2% | $11,340,000.00 |
| WMC | Wiluna Mining Corp | 1.15 | -14% | 17% | 12% | -3% | $245,125,336.20 |
| CY5 | Cygnus Gold Limited | 0.17 | -6% | 48% | -6% | -3% | $19,789,353.37 |
| RXL | Rox Resources | 0.34 | -55% | -16% | -8% | -3% | $55,162,664.90 |
| BNZ | Benzmining | 0.63 | -57% | -27% | -7% | -3% | $33,163,254.21 |
| ENR | Encounter Resources | 0.155 | 4% | 1% | 11% | -3% | $49,106,608.03 |
| TG1 | Techgen Metals Ltd | 0.15 | 0% | -25% | 0% | -3% | $6,531,324.90 |
| SAU | Southern Gold | 0.055 | -54% | -23% | -2% | -4% | $11,733,081.58 |
| CXU | Cauldron Energy Ltd | 0.026 | -47% | -21% | 4% | -4% | $13,264,928.01 |
| OKU | Oklo Resources Ltd | 0.115 | -45% | -8% | -21% | -4% | $58,017,095.09 |
| AUC | Ausgold Limited | 0.045 | -4% | 5% | -4% | -4% | $75,880,303.43 |
| NVA | Nova Minerals Ltd | 1.12 | -30% | -10% | -7% | -4% | $202,727,570.63 |
| LCY | Legacy Iron Ore | 0.022 | -42% | 38% | -19% | -4% | $140,950,176.38 |
| ICG | Inca Minerals Ltd | 0.11 | 51% | 0% | 5% | -4% | $50,527,223.04 |
| MVL | Marvel Gold Limited | 0.064 | 28% | 12% | -4% | -4% | $36,976,766.90 |
| KSN | Kingston Resources | 0.1575 | -37% | -25% | -5% | -5% | $57,072,729.12 |
| IVR | Investigator Res Ltd | 0.063 | -21% | -11% | -6% | -5% | $86,316,529.46 |
| BEZ | Besragoldinc | 0.105 | 0% | 0% | -5% | -5% | $19,762,745.40 |
| TTM | Titan Minerals | 0.1 | -17% | -5% | -5% | -5% | $148,020,655.97 |
| PKO | Peako Limited | 0.02 | -17% | -49% | -5% | -5% | $6,477,536.12 |
| GUL | Gullewa Limited | 0.078 | -11% | -5% | 15% | -5% | $15,039,474.90 |
| KAU | Kaiser Reef | 0.195 | -52% | -25% | 5% | -5% | $23,872,039.23 |
| TIE | Tietto Minerals | 0.485 | 21% | 35% | 17% | -5% | $311,771,830.50 |
| AQX | Alice Queen Ltd | 0.0095 | -68% | -37% | -5% | -5% | $12,332,007.09 |
| EMU | EMU NL | 0.019 | -58% | -46% | -5% | -5% | $10,446,475.20 |
| GMR | Golden Rim Resources | 0.1325 | -20% | 10% | 49% | -5% | $33,205,231.53 |
| SVY | Stavely Minerals Ltd | 0.5 | -35% | 15% | 0% | -6% | $134,395,147.78 |
| MGV | Musgrave Minerals | 0.325 | -13% | -10% | -10% | -6% | $177,267,073.17 |
| DEX | Duke Exploration | 0.16 | -52% | -56% | -14% | -6% | $13,982,728.56 |
| CHZ | Chesser Resources | 0.1175 | -48% | -10% | 7% | -6% | $54,036,776.61 |
| TRN | Torrens Mining | 0.15 | -36% | -35% | -25% | -6% | $10,449,740.70 |
| KNB | Koonenberrygold | 0.15 | 0% | 0% | -13% | -6% | $10,746,853.06 |
| OBM | Ora Banda Mining Ltd | 0.059 | -82% | -61% | -11% | -6% | $58,453,470.30 |
| PUA | Peak Minerals Ltd | 0.014 | -39% | -21% | 12% | -7% | $15,099,855.14 |
| MTH | Mithril Resources | 0.014 | -33% | -22% | -7% | -7% | $38,703,495.62 |
| GMN | Gold Mountain Ltd | 0.014 | -65% | -54% | -7% | -7% | $14,982,088.38 |
| BGD | Bartongoldholdings | 0.2 | 0% | -5% | -2% | -7% | $17,167,999.20 |
| SPQ | Superior Resources | 0.053 | 308% | 342% | 172% | -7% | $80,420,633.82 |
| PNX | PNX Metals Limited | 0.0065 | -7% | -24% | 8% | -7% | $23,739,257.82 |
| MBK | Metal Bank Ltd | 0.0065 | -51% | -24% | -7% | -7% | $16,950,818.04 |
| VAN | Vango Mining Ltd | 0.051 | -34% | -25% | -14% | -7% | $65,516,756.86 |
| CST | Castile Resources | 0.185 | -38% | -20% | -8% | -8% | $36,946,372.39 |
| OKR | Okapi Resources | 0.365 | 43% | 18% | -3% | -8% | $39,984,270.90 |
| QML | Qmines Limited | 0.3 | 0% | -19% | -14% | -8% | $16,852,107.47 |
| NAG | Nagambie Resources | 0.06 | 30% | -35% | -10% | -8% | $29,995,940.76 |
| MXR | Maximus Resources | 0.072 | -54% | -1% | 26% | -8% | $22,253,386.68 |
| DCX | Discovex Res Ltd | 0.011 | 57% | 120% | 175% | -8% | $28,255,304.84 |
| CWX | Carawine Resources | 0.165 | -30% | -21% | -11% | -8% | $22,495,167.26 |
| ICL | Iceni Gold | 0.165 | 0% | -3% | -13% | -8% | $21,208,348.81 |
| DLC | Delecta Limited | 0.011 | 83% | 83% | -8% | -8% | $14,458,904.46 |
| VRC | Volt Resources Ltd | 0.0265 | 141% | -24% | 2% | -9% | $72,259,483.19 |
| AGS | Alliance Resources | 0.145 | -15% | -3% | -22% | -9% | $30,162,484.43 |
| FFX | Firefinch Ltd | 0.745 | 231% | 84% | 6% | -10% | $883,602,150.00 |
| SI6 | SI6 Metals Limited | 0.009 | -74% | -40% | 0% | -10% | $14,281,439.85 |
| SBR | Sabre Resources | 0.0045 | -57% | 13% | -10% | -10% | $7,775,161.42 |
| BRB | Breaker Res NL | 0.25 | 22% | 52% | -19% | -11% | $86,347,846.19 |
| NES | Nelson Resources. | 0.033 | -60% | -40% | 6% | -11% | $6,411,642.44 |
| ARV | Artemis Resources | 0.07 | -46% | 23% | -4% | -11% | $89,104,833.22 |
| M24 | Mamba Exploration | 0.185 | 0% | -5% | -5% | -12% | $7,078,500.54 |
| POL | Polymetals Resources | 0.135 | 0% | -13% | 4% | -13% | $5,365,264.64 |
| PRS | Prospech Limited | 0.056 | -72% | -55% | -24% | -14% | $3,650,136.28 |
| SMS | Starmineralslimited | 0.18 | 0% | 0% | -8% | -14% | $5,381,250.00 |
| FML | Focus Minerals Ltd | 0.27 | -33% | 0% | 4% | -14% | $51,169,598.20 |
| BMO | Bastion Minerals | 0.18 | 0% | 3% | -18% | -27% | $12,737,974.20 |
| AOP | Apollo Consolidated | 0 | -100% | -100% | -100% | -100% | $177,888,559.90 |
Weekly small cap standouts
While our top three gainers were all up on no news, Amani Gold is currently carrying out 3,500m of diamond drilling to grow the 4.1Moz Kebigada gold deposit within its Giro project in the Democratic Republic of Congo.
The program, the first at the deposit since 2019, will be completed early this year.
Also up on no news is Celsius Resources which noted in mid-December that drilling at its MCB copper-gold project in the Philippines had intersected a thick 670m interval grading. 0.43% copper and 0.12 grams per tonne gold from just 19m down-hole.
This included shallow higher-grade intervals of 122.2m at 0.92% copper and 0.24g/t gold from 26.5m with a 13m zone grading 3.69% copper and 0.39g/t gold from 89m.
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