• ASX miners adding to hedge books at prices up to A$3200/oz – well above record highs
  • Heavy hedging a vestige of times past due to losses suffered in the late 90s, early 2000s
  • Regis Resources still has 145,000oz of legacy hedges at frighteningly low price of $1571/oz

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

 

It looks like some smart money thinks gold will go higher, with miners like Northern Star (ASX:NST), Silver Lake Resources (ASX:SLR) and Ramelius Resources (ASX:RMS) now adding hedges at well over record prices.

Gold producer hedges are a way for miners to manage risk.

Hedging involves a gold producer forward selling a portion of future gold production at a fixed price to lock in guaranteed revenue, rather than taking its chances with the spot price if it falls.

Some new producers do it as part of project financing. Capricorn Metals (ASX:CMM), for example, had 148,000oz of flat forward contracts remaining at an average delivery price of $2,260/oz at the end of the March quarter. This was part of the original hedging program required under the project financing facility for the Karlawinda gold project (KGP).

But in the latest round of quarterlies established producers NST, SLR and RMS spoke of adding record price hedges to their respective books.

“The additions … in the quarter were well over $3000 an ounce and if you compared our hedge book against every bank’s forecast, they’ve all got gold price coming off and we’ve got gold price going up,” NST boss Stuart Tonkin says.

“So something’s different there, but I’m confident that our policies work well for us today.

“We’ve still got over 75-80% of our production delivering into spot so it’s working well for us.”

Meanwhile, RMS is signing contracts on hedges as high as $3200/oz.

“The A$ gold price performed exceptionally well over the quarter pushing close to A$3,000 per ounce representing a 10% increase on the closing gold price on 31 December 2022,” it says.

“Ramelius took advantage of these gold prices, and the forward curve being in contango, by adding a net 20,000 ounces to the hedge book.

“The average price added to the hedge book over the quarter was A$2,911 per ounce with the highest contract being more than A$3,200 per ounce.”

SLR also hedged a substantial 60,000oz at A$3,145/oz for delivery in 2025 “to capitalise on the prevailing gold price and de-risk the cash returns of the planned investment in the Santa open pit and other potential open pits in the Mount Belches area”.
 

NST, SLR, RMS share price charts


 

But hedging can f*&k you up make you feel silly

There’s nothing wrong with a dabble, but heavy hedging is a vestige of times past.

Why? Because when prices are going up – like now – you can lose money.

And when it goes bad, it goes really bad.

This happened during the Peak Hedge Epoch of 1995-1999, when gold prices were suffering due to the dotcom boom.

At the time, Central Banks were offloading their reserves, buying into the bulls..t that pets.com was the future and gold was an ‘ancient relic’. Gold producers attempted to stem the bleeding by hedging.

Heavily.

“To demonstrate the scale of the super-sized hedging, in 1999, 3,091 tonnes (99.3 million ounces) were hedged, compared to global gold mine production of 2,602 tonnes (83.6 million ounces),” VanEck portfolio manager and sStrategist Joe Foster writes in a 2018 note.

“As usually happens when anything is taken to excess, a crash soon followed.”

Gold prices unexpectedly spiked and some goldies, like 1.7Mozpa African producer Ashanti, were caught with their pants down.

“A significant portion of the book was locked into prices below $325, as Ashanti failed to anticipate such a rise in gold prices,” Foster writes.

“When the price rose, the value of the book fell to negative $570 million.

“This brought margin calls from the banks that totalled $270 million. However, the company did not have the liquidity to post margin.

“It was effectively bankrupt.”

The Ashanti crash “scared the daylights out of every gold company CFO with a hedge book”, resulting in the huge decline in hedging which has continued to the present day.

 

Regis Resources: When hedges go bad (Part 2)

Still, you get the odd outlier. Regis Resources (ASX:RRL) continues to have 145,000oz of legacy hedges in the book as of March 31 at a frighteningly low price of $1571/oz.

RRL has $204m in the bank and managed to generate $99m in operating cash in the March quarter, despite torching $29m in hedge losses.

For years, RRL has been frantically working down a massive hedging position which easily surpassed 400,000oz in 2019 at an average delivery price of A$1,592 per ounce.

A$1600/oz didn’t look too bad four years ago. It does now.

 

Winners & Losers

Here’s how ASX-listed precious metals 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 % Monday % Month YTD% % 12 Month Return Price Market Cap
PRS Prospech Limited 33% 39% 19% -42% 0.032 $3,708,541
EMU EMU NL 25% 25% -49% -80% 0.0025 $2,900,043
GNM Great Northern 25% -29% -38% -58% 0.0025 $3,418,102
MOM Moab Minerals Ltd 25% 43% 11% -64% 0.01 $5,455,708
CTO Citigold Corp Ltd 20% 20% 0% -29% 0.006 $14,368,295
XTC Xantippe Res Ltd 17% -13% -30% -75% 0.0035 $31,740,299
ENR Encounter Resources 16% 48% 3% 16% 0.185 $56,884,125
MXR Maximus Resources 15% -10% -5% -56% 0.038 $10,528,840
ZAG Zuleika Gold Ltd 14% 33% -24% -47% 0.016 $7,322,709
TMB Tambourahmetals 14% 40% 14% -52% 0.12 $4,325,223
CLA Celsius Resource Ltd 13% 13% 6% -26% 0.017 $28,090,775
TSO Tesoro Gold Ltd 11% 69% 36% -33% 0.049 $46,354,553
TLM Talisman Mining 10% 19% 14% -6% 0.16 $27,222,227
ARL Ardea Resources Ltd 10% -17% -39% -73% 0.43 $66,886,081
KAU Kaiser Reef 10% 30% 30% 10% 0.215 $27,631,048
RDS Redstone Resources 10% 22% 38% 10% 0.011 $7,368,324
BMR Ballymore Resources 7% 19% 7% -14% 0.16 $14,447,618
LYN Lycaonresources 6% -15% -40% -59% 0.165 $5,102,406
SRN Surefire Rescs NL 6% -10% 50% -55% 0.018 $26,883,179
ICG Inca Minerals Ltd 6% -5% -22% -82% 0.018 $8,219,746
LEX Lefroy Exploration 6% 30% 8% -15% 0.28 $42,521,371
ASR Asra Minerals Ltd 5% -9% -50% -66% 0.01 $13,937,627
TG1 Techgen Metals Ltd 5% 48% 10% -31% 0.09 $5,530,757
XAM Xanadu Mines Ltd 5% 24% 59% 48% 0.046 $72,064,264
GAL Galileo Mining Ltd 4% 12% -7% 270% 0.815 $154,147,443
BGD Bartongoldholdings 4% 4% 20% 4% 0.24 $19,856,612
ASO Aston Minerals Ltd 4% -9% 25% -29% 0.1 $107,014,170
CDR Codrus Minerals Ltd 4% 53% 0% 43% 0.13 $5,053,750
S2R S2 Resources 4% 7% -15% -6% 0.145 $57,412,813
OZM Ozaurum Resources 3% 43% -9% -64% 0.06 $7,366,000
SVL Silver Mines Limited 3% 26% 14% 3% 0.2275 $308,953,071
ARV Artemis Resources 3% 23% -36% -74% 0.016 $24,201,985
TMS Tennant Minerals Ltd 3% 7% 3% -37% 0.032 $23,542,436
STN Saturn Metals 3% 3% -6% -54% 0.17 $25,005,506
TAM Tanami Gold NL 3% 0% -8% -40% 0.036 $41,128,397
MLS Metals Australia 3% -3% -17% -75% 0.037 $21,853,303
FML Focus Minerals Ltd 3% 15% -25% -21% 0.19 $53,013,349
RXL Rox Resources 3% 40% 120% 0% 0.385 $84,132,848
EMC Everest Metals Corp 3% 4% -1% -44% 0.078 $9,836,916
KIN KIN Min NL 3% -9% -38% -56% 0.04 $45,947,871
IDA Indiana Resources 3% -18% -25% -37% 0.041 $20,148,193
GWR GWR Group Ltd 2% -6% 41% -46% 0.083 $26,018,549
HMX Hammer Metals Ltd 2% 55% 28% -17% 0.087 $69,819,625
BC8 Black Cat Syndicate 2% 11% 24% -16% 0.44 $114,622,715
CY5 Cygnus Metals Ltd 2% 13% -33% 65% 0.255 $46,781,053
RND Rand Mining Ltd 2% -1% 1% -8% 1.375 $76,782,547
HRZ Horizon 2% 19% -8% -55% 0.056 $38,334,102
DTM Dart Mining NL 2% 5% 7% -19% 0.059 $9,025,992
NVA Nova Minerals Ltd 1% -22% -49% -50% 0.345 $71,702,524
MI6 Minerals260Limited 1% 24% 24% -11% 0.42 $97,110,000
CYL Catalyst Metals 1% 3% -18% -47% 0.97 $167,697,430
CPM Coopermetalslimited 1% 27% 49% -22% 0.35 $14,339,813
GMD Genesis Minerals 0% 28% 9% -6% 1.36 $644,448,719
DEG De Grey Mining 0% 6% 26% 36% 1.6175 $2,521,284,568
NPM Newpeak Metals 0% 0% 0% 0% 0.001 $9,145,132
MTC Metalstech Ltd 0% -4% -34% 44% 0.345 $61,221,834
FFX Firefinch Ltd 0% 0% 0% -40% 0.2 $236,569,315
GED Golden Deeps 0% -6% -17% -64% 0.0075 $8,664,200
G88 Golden Mile Res Ltd 0% 47% 8% -64% 0.022 $5,795,509
DCX Discovex Res Ltd 0% 0% 0% -55% 0.003 $9,907,704
AQX Alice Queen Ltd 0% 50% -25% -75% 0.0015 $3,795,431
SLZ Sultan Resources Ltd 0% -3% -54% -75% 0.039 $4,028,091
MKG Mako Gold 0% -10% -5% -54% 0.038 $17,922,752
KSN Kingston Resources 0% 11% 30% -40% 0.105 $43,643,634
AMI Aurelia Metals Ltd 0% 29% 8% -69% 0.135 $167,054,024
GIB Gibb River Diamonds 0% 7% -25% -30% 0.045 $9,517,925
TMX Terrain Minerals 0% 20% 0% -40% 0.006 $6,499,196
CST Castile Resources 0% -2% 2% -48% 0.097 $23,464,535
FAU First Au Ltd 0% -20% 0% -73% 0.004 $4,379,133
IVR Investigator Res Ltd 0% 51% 48% 3% 0.062 $89,104,541
IPT Impact Minerals 0% 37% 86% 18% 0.013 $32,257,817
BNZ Benzmining 0% -5% -10% -47% 0.37 $27,030,276
MOH Moho Resources 0% 0% -10% -63% 0.019 $3,945,582
PUA Peak Minerals Ltd 0% 25% -17% -69% 0.005 $5,206,883
SMS Starmineralslimited 0% -3% -3% -65% 0.07 $2,109,926
PRX Prodigy Gold NL 0% 22% -8% -46% 0.011 $19,226,711
ZNC Zenith Minerals Ltd 0% -26% -45% -64% 0.145 $50,997,376
REZ Resourc & En Grp Ltd 0% 14% 0% -65% 0.016 $7,996,893
AM7 Arcadia Minerals 0% 3% -2% -34% 0.2 $9,339,578
GMR Golden Rim Resources 0% 10% 6% -51% 0.033 $19,522,416
SIH Sihayo Gold Limited 0% 100% 0% -33% 0.002 $12,204,256
WA8 Warriedarresourltd 0% 4% -21% 4% 0.135 $58,192,940
WCN White Cliff Min Ltd 0% -22% -50% -75% 0.007 $6,713,381
AVM Advance Metals Ltd 0% 13% -10% -44% 0.009 $5,238,397
WRM White Rock Min Ltd 0% 0% -5% -68% 0.063 $17,508,200
MCT Metalicity Limited 0% 0% -33% -70% 0.002 $7,009,079
M2R Miramar 0% 0% -44% -75% 0.045 $3,515,478
MHC Manhattan Corp Ltd 0% -9% -9% -58% 0.005 $14,681,393
GRL Godolphin Resources 0% -14% -12% -46% 0.073 $8,640,970
TRY Troy Resources Ltd 0% 0% 0% 0% 0.0295 $62,920,961
CGN Crater Gold Min Ltd 0% 0% 0% 0% 0.014499 $17,965,037
GUL Gullewa Limited 0% -2% -8% -32% 0.055 $10,767,521
G50 Gold50Limited 0% -3% -22% -22% 0.195 $11,103,885
ADV Ardiden Ltd 0% 0% 0% -50% 0.007 $18,818,347
MGV Musgrave Minerals 0% 18% 7% -32% 0.225 $133,021,789
VMC Venus Metals Cor Ltd 0% 26% 44% 3% 0.195 $34,725,343
NAE New Age Exploration 0% -17% -29% -62% 0.005 $7,179,495
LCL Los Cerros Limited 0% 0% -46% -65% 0.031 $24,623,438
MTH Mithril Resources 0% 0% -43% -76% 0.002 $6,526,180
ADG Adelong Gold Limited 0% 18% 86% -68% 0.013 $6,939,690
RMX Red Mount Min Ltd 0% -13% -30% -61% 0.0035 $7,951,479
NML Navarre Minerals Ltd 0% 0% -34% -69% 0.027 $40,577,737
KZR Kalamazoo Resources 0% 7% -31% -64% 0.145 $21,908,131
BCN Beacon Minerals 0% 14% 18% -4% 0.033 $123,973,350
MAU Magnetic Resources 0% -29% -42% -66% 0.495 $113,608,629
BYH Bryah Resources Ltd 0% 0% -12% -60% 0.023 $6,468,830
MEU Marmota Limited 0% -5% -25% -29% 0.036 $38,116,821
PGD Peregrine Gold 0% -4% -4% -27% 0.37 $20,757,966
ICL Iceni Gold 0% -27% -24% -58% 0.061 $12,722,857
RML Resolution Minerals 0% 0% -38% -67% 0.005 $5,398,731
AL8 Alderan Resource Ltd 0% 0% 14% -67% 0.008 $4,859,271
GMN Gold Mountain Ltd 0% -25% -57% -57% 0.003 $5,909,798
TBA Tombola Gold Ltd 0% 0% 0% -52% 0.026 $33,129,243
GSR Greenstone Resources 0% -10% -41% -42% 0.019 $23,052,100
VRC Volt Resources Ltd 0% 10% -27% -45% 0.011 $43,333,663
HRN Horizon Gold Ltd 0% 0% 13% -9% 0.35 $43,813,574
TCG Turaco Gold Limited 0% -10% 5% -36% 0.061 $26,090,717
GBZ GBM Rsources Ltd 0% 38% -23% -73% 0.033 $18,584,299
MKR Manuka Resources. 0% 19% 2% -68% 0.087 $47,055,695
ANX Anax Metals Ltd 0% 1% 28% -41% 0.068 $27,838,848
SFM Santa Fe Minerals 0% -5% -31% -54% 0.055 $4,005,033
PNR Pantoro Limited 0% 30% -24% -74% 0.073 $221,103,902
X64 Ten Sixty Four Ltd 0% 0% -11% -30% 0.57 $130,184,182
SI6 SI6 Metals Limited 0% 0% -17% -50% 0.005 $7,476,973
HAW Hawthorn Resources 0% 5% -26% -50% 0.085 $28,476,327
AGC AGC Ltd 0% -6% -17% -47% 0.05 $5,000,000
RVR Red River Resources 0% 0% 0% -68% 0.073 $37,847,908
RGL Riversgold 0% 0% -47% -78% 0.016 $15,127,483
MM8 Medallion Metals. 0% -21% -29% -55% 0.11 $25,369,577
AUT Auteco Minerals 0% 5% -22% -43% 0.04 $92,513,452
CBY Canterbury Resources 0% -8% -15% -42% 0.035 $5,058,324
TMZ Thomson Res Ltd 0% 0% -74% -88% 0.005 $4,349,755
WMC Wiluna Mining Corp 0% 0% 0% -68% 0.205 $74,238,031
NWM Norwest Minerals 0% 24% -33% -40% 0.036 $8,905,364
GSM Golden State Mining 0% 3% -23% -58% 0.033 $3,861,469
NSM Northstaw 0% -21% -23% -58% 0.12 $14,415,240
GSN Great Southern 0% 20% -17% -59% 0.024 $16,640,568
THR Thor Energy PLC 0% 11% -17% -64% 0.005 $7,380,564
MDI Middle Island Res 0% 34% 13% -68% 0.043 $5,263,984
POL Polymetals Resources 0% 44% 14% 107% 0.28 $12,651,154
NAG Nagambie Resources 0% -17% -41% -23% 0.039 $22,687,326
KAI Kairos Minerals Ltd 0% 13% -4% -24% 0.022 $43,210,057
CDT Castle Minerals 0% -11% -19% -67% 0.017 $19,116,381
CXU Cauldron Energy Ltd 0% 8% 0% -52% 0.007 $6,520,981
HXG Hexagon Energy 0% 0% -35% -71% 0.011 $5,642,075
AVW Avira Resources Ltd 0% 0% 0% -50% 0.003 $6,401,370
SBR Sabre Resources 0% -7% -34% -58% 0.025 $7,287,155
SAU Southern Gold 0% -9% -16% -56% 0.021 $6,305,991
LRL Labyrinth Resources 0% -17% -29% -68% 0.012 $11,513,848
KTA Krakatoa Resources 0% 14% -25% -70% 0.033 $11,375,427
MBK Metal Bank Ltd 0% 7% -6% -47% 0.032 $8,847,537
TAR Taruga Minerals 0% 21% -29% -15% 0.017 $12,002,455
NES Nelson Resources. 0% -17% -29% -71% 0.005 $2,942,972
PUR Pursuit Minerals 0% -6% 6% -35% 0.017 $43,967,062
PKO Peako Limited 0% 0% -38% -50% 0.009 $4,236,583
A1G African Gold Ltd. 0% 19% -4% -37% 0.08 $13,544,897
OAU Ora Gold Limited 0% 20% -40% -72% 0.003 $11,810,775
KRM Kingsrose Mining Ltd 0% 3% -5% -15% 0.062 $46,656,644
BTR Brightstar Resources 0% -6% -12% -44% 0.015 $12,489,432
M24 Mamba Exploration 0% 40% -28% -19% 0.105 $6,403,250
DEX Duke Exploration 0% 0% 0% -62% 0.053 $5,587,240
KNB Koonenberrygold 0% -30% -32% -57% 0.042 $3,181,771
AWJ Auric Mining 0% 17% -19% -40% 0.052 $6,804,699
SNG Siren Gold 0% 10% -45% -76% 0.1 $13,425,881
USL Unico Silver Limited 0% -7% -18% -36% 0.14 $40,095,189
AYM Australia United Min 0% 0% 0% -57% 0.003 $5,527,732
BRB Breaker Res NL 0% 15% 44% 84% 0.46 $151,988,065
ANL Amani Gold Ltd 0% 0% 0% -50% 0.001 $25,143,441
GCY Gascoyne Res Ltd 0% 28% -24% -44% 0.1275 $111,819,171
PNT Panthermetalsltd 0% -21% -52% -59% 0.09 $5,225,625
FEG Far East Gold 0% -3% -41% -26% 0.285 $43,618,740
CLZ Classic Min Ltd 0% -33% -89% -99% 0.001 $5,426,262
FAL Falconmetalsltd 0% -5% 29% 13% 0.36 $63,720,000
SPD Southernpalladium 0% -16% -38% 0% 0.5 $21,539,164
ORN Orion Minerals Ltd 0% 14% 0% -33% 0.016 $87,452,173
PXX Polarx Limited 0% 8% -35% -28% 0.013 $17,588,310
NST Northern Star 0% 14% 23% 38% 13.44 $15,478,265,892
SBM St Barbara Limited 0% -7% -22% -54% 0.6025 $494,007,695
RRL Regis Resources 0% 13% 3% 4% 2.12 $1,608,205,220
AGG AngloGold Ashanti -1% 20% 33% 43% 7.845 $703,849,266
BM8 Battery Age Minerals -1% -17% -34% -34% 0.3325 $24,863,085
RMS Ramelius Resources -1% 10% 40% -12% 1.3025 $1,148,322,002
CHN Chalice Mining Ltd -1% 15% 25% 20% 7.86 $2,988,990,720
IGO IGO Limited -1% 6% 1% 2% 13.61 $10,412,432,429
WAF West African Res Ltd -1% 0% -18% -25% 0.965 $997,988,303
PRU Perseus Mining Ltd -1% -4% 5% 15% 2.205 $3,050,610,676
GBR Greatbould Resources -1% -4% -3% -10% 0.088 $43,168,701
PGO Pacgold -1% 19% 21% -38% 0.435 $24,183,199
BNR Bulletin Res Ltd -1% -2% -10% -61% 0.084 $24,955,244
DCN Dacian Gold Ltd -1% 4% -19% -65% 0.081 $99,777,677
AQI Alicanto Min Ltd -1% 1% -8% -58% 0.0395 $21,448,545
EVN Evolution Mining Ltd -1% 20% 18% -12% 3.515 $6,532,658,096
MZZ Matador Mining Ltd -1% -8% -36% -69% 0.074 $23,641,413
ALK Alkane Resources Ltd -1% 23% 62% -12% 0.8675 $526,937,481
TUL Tulla Resources -1% 32% -1% -45% 0.33 $107,804,341
NCM Newcrest Mining -2% 8% 38% 7% 28.48 $25,861,152,769
SFR Sandfire Resources -2% 5% 18% 11% 6.41 $2,974,366,451
SXG Southern Cross Gold -2% -6% -20% 0% 0.64 $58,386,877
AME Alto Metals Limited -2% -9% -7% -33% 0.062 $38,607,375
CMM Capricorn Metals -2% -7% -5% 8% 4.35 $1,664,608,715
HAV Havilah Resources -2% -20% -23% 46% 0.255 $82,326,195
BGL Bellevue Gold Ltd -2% 16% 23% 50% 1.3875 $1,599,006,217
EM2 Eagle Mountain -2% -28% -28% -66% 0.1225 $38,120,858
AUC Ausgold Limited -2% -2% 4% -28% 0.049 $113,139,962
CWX Carawine Resources -2% 4% -5% -55% 0.095 $19,091,294
TIE Tietto Minerals -2% -3% -17% 19% 0.5875 $652,516,494
GML Gateway Mining -2% 9% -22% -61% 0.047 $12,784,010
GOR Gold Road Res Ltd -2% 13% 9% 20% 1.835 $2,022,040,108
SSR SSR Mining Inc. -2% -2% -7% -29% 21.47 $404,088,432
TRM Truscott Mining Corp -2% -15% -2% -22% 0.04 $6,853,439
KAL Kalgoorliegoldmining -3% -5% -53% -72% 0.039 $3,100,841
ADN Andromeda Metals Ltd -3% -19% -11% -61% 0.039 $124,400,337
AZY Antipa Minerals Ltd -3% 6% -10% -55% 0.019 $70,064,297
AZS Azure Minerals -3% 14% 67% 14% 0.375 $150,240,888
WGX Westgold Resources. -3% 24% 70% -6% 1.485 $722,274,663
TBR Tribune Res Ltd -3% -2% -10% -24% 3.61 $194,656,566
PDI Predictive Disc Ltd -3% -1% -4% -23% 0.1725 $317,817,071
EMR Emerald Res NL -3% 28% 58% 56% 1.875 $1,146,035,897
AAU Antilles Gold Ltd -3% -8% 13% -48% 0.034 $17,160,879
LCY Legacy Iron Ore -3% 3% -18% -43% 0.0155 $102,509,219
DRE Dreadnought Resources Ltd -3% 0% -42% 45% 0.061 $208,701,878
TTM Titan Minerals -3% 7% -10% -35% 0.06 $87,498,938
A8G Australasian Metals -3% -6% -21% -69% 0.15 $6,381,427
QML Qmines Limited -3% -6% -12% -48% 0.145 $13,531,355
PNM Pacific Nickel Mines -3% 13% 2% -19% 0.085 $33,440,373
SVY Stavely Minerals Ltd -3% -24% -43% -67% 0.14 $47,309,689
OBM Ora Banda Mining Ltd -3% 17% 67% 233% 0.14 $233,615,332
CEL Challenger Exp Ltd -3% 8% -20% -57% 0.14 $160,464,014
KCN Kingsgate Consolid. -4% -9% -21% -3% 1.36 $355,346,113
ADT Adriatic Metals -4% -6% 11% 45% 3.51 $823,922,095
RSG Resolute Mining -4% 19% 130% 56% 0.46 $1,021,923,153
HCH Hot Chili Ltd -4% 15% 17% -38% 1.02 $127,209,144
SLR Silver Lake Resource -4% 11% 3% -35% 1.215 $1,180,775,303
LM8 Lunnonmetalslimited -4% 3% 23% 4% 1.1 $126,371,447
MRZ Mont Royal Resources -4% -30% -50% -74% 0.087 $6,231,923
DLI Delta Lithium -4% 32% -8% -19% 0.435 $202,523,908
YRL Yandal Resources -5% -9% -18% -68% 0.08 $13,255,459
CAI Calidus Resources -5% -16% -30% -81% 0.19 $87,910,168
STK Strickland Metals -5% 6% -5% -45% 0.038 $63,590,045
CHZ Chesser Resources -5% -21% -18% -36% 0.07 $43,556,500
GTR Gti Energy Ltd -6% -6% -21% -55% 0.0085 $16,692,563
SVG Savannah Goldfields -6% 0% -13% -18% 0.165 $33,048,477
SKY SKY Metals Ltd -6% 0% 2% -50% 0.049 $19,592,740
MRR Minrex Resources Ltd -6% -27% -50% -77% 0.016 $18,442,748
RED Red 5 Limited -6% 10% -22% -62% 0.16 $588,112,175
SMI Santana Minerals Ltd -6% -7% 7% -13% 0.7 $110,839,311
WWI West Wits Mining Ltd -6% 15% -6% -50% 0.015 $35,888,276
KWR Kingwest Resources -6% -12% -14% -85% 0.03 $9,015,258
MEG Megado Minerals Ltd -7% -2% -4% -71% 0.043 $9,340,556
ERM Emmerson Resources -7% -3% -5% -38% 0.071 $41,397,944
AAJ Aruma Resources Ltd -7% 18% 34% -23% 0.071 $11,929,074
ALY Alchemy Resource Ltd -7% 8% -39% -63% 0.014 $17,671,144
BBX BBX Minerals Ltd -7% -35% -35% -43% 0.068 $36,917,668
CAZ Cazaly Resources -7% 4% -21% -31% 0.027 $10,782,832
OKR Okapi Resources -7% -10% -10% -55% 0.135 $26,619,943
SPQ Superior Resources -8% -27% -34% -5% 0.037 $68,048,817
VKA Viking Mines Ltd -8% -8% 10% 0% 0.011 $12,303,101
AAR Astral Resources NL -9% -6% 1% -19% 0.073 $53,232,798
FG1 Flynngold -9% -9% -28% -46% 0.072 $8,127,009
MEK Meeka Metals Limited -9% -7% -40% -11% 0.041 $48,042,402
HMG Hamelingoldlimited -9% 10% -31% -35% 0.1 $12,100,000
ARN Aldoro Resources -9% -17% -6% -45% 0.15 $22,179,918
NXM Nexus Minerals Ltd -10% -44% -55% -70% 0.09 $32,545,331
MEI Meteoric Resources -10% 9% 197% 950% 0.1575 $304,244,865
DTR Dateline Resources -11% -16% -57% -87% 0.016 $11,588,752
TGM Theta Gold Mines Ltd -11% 29% 4% -45% 0.071 $49,852,154
KCC Kincora Copper -11% -6% -14% -35% 0.063 $8,467,479
BEZ Besragoldinc -12% 100% 265% 250% 0.19 $76,080,306
MAT Matsa Resources -12% -10% 0% -44% 0.037 $17,304,194
BMO Bastion Minerals -12% -19% -35% -89% 0.022 $3,985,290
RDN Raiden Resources Ltd -13% 23% -26% -78% 0.0035 $7,418,330
MVL Marvel Gold Limited -13% -24% -50% -71% 0.013 $10,576,416
NMR Native Mineral Res -15% -24% -69% -82% 0.034 $4,805,549
PNX PNX Metals Limited -17% -17% -41% -52% 0.0025 $16,141,874
BAT Battery Minerals Ltd -25% -14% -25% -67% 0.003 $13,427,769
Wordpress Table Plugin