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

Amani Gold (ASX:ANL)

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.

Celsius Resources (ASX:CLA)

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.