Gold prices nudged above $1,700/oz ($2,700/oz) this week. While COVID-19 could still impact production figures in 2020, most producers – especially the Australians – should be making very healthy margins at these levels.

US and AU dollar gold prices over the past 3 months.

 

Winners & Losers

Here’s how ASX gold stocks performed for the period April 10 — April 17 [intraday]:

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

CODE NAME PRICE [intraday Friday] 1 YEAR RETURN % 1 WEEK RETURN % MARKET CAP
PDI PREDICTIVE DISCOVERY 0.068 611 1180 $ 30,370,854.00
ARM AURORA MINERALS 0.015 69 167 $ 3,045,465.50
A1G AFRICAN GOLD 0.088 -58 110 $ 5,461,400.00
CHN CHALICE GOLD MINES 1.005 673 78 $ 283,660,512.00
TNR TORIAN RESOURCES 0.013 -7 63 $ 4,435,836.00
RML RESOLUTION MINERALS 0.13 107 60 $ 20,278,536.00
NVA NOVA MINERALS 0.048 213 57 $ 41,014,600.00
PUA PURE ALUMINA 0.014 -59 56 $ 3,104,651.50
AYR ALLOY RESOURCES 0.015 -50 50 $ 3,883,016.00
CDT CASTLE MINERALS 0.006 -14 50 $ 1,423,387.63
DHR DARK HORSE RESOURCES 0.003 -57 50 $ 7,393,189.00
AQI ALICANTO MINERALS 0.06 62 46 $ 13,681,144.00
TSC TWENTY SEVEN CO 0.007 75 40 $ 8,917,925.00
DTM DART MINING 0.05 -58 39 $ 3,157,955.25
BRV BIG RIVER GOLD 0.027 35 35 $ 34,267,128.00
ANL AMANI GOLD 0.002 0 33 $ 12,270,899.00
CTO CITIGOLD CORP 0.004 -20 33 $ 9,684,693.00
DEG DE GREY MINING 0.37 291 30 $ 327,314,368.00
GML GATEWAY MINING 0.013 -7 30 $ 17,415,008.00
TSO TESORO RESOURCES 0.059 110 28 $21,400,000.00
AAJ ARUMA RESOURCES 0.0025 -58 25 $ 1,418,827.75
ONX ORMINEX 0.045 -73 25 $ 19,407,678.00
TMX TERRAIN MINERALS 0.005 67 25 $ 2,892,644.00
SAU SOUTHERN GOLD 0.135 -6 23 $ 14,851,182.00
AAR ANGLO AUSTRALIAN RESOURCES 0.14 61 22 $ 62,678,632.00
HRZ HORIZON MINERALS 0.07 -42 22 $ 29,443,388.00
MAT MATSA RESOURCES 0.11 -21 21 $ 24,960,910.00
GOR GOLD ROAD RESOURCES 1.74 95 20 $ 1,535,100,416.00
RXL ROX RESOURCES 0.024 118 20 $ 36,448,680.00
TRY TROY RESOURCES 0.082 -4 17 $ 52,461,292.00
OKR OKAPI RESOURCES 0.055 -68 17 $ 1,982,357.63
AUC AUSGOLD 0.014 -26 17 $ 15,486,794.00
FML FOCUS MINERALS 0.25 -6 17 $ 44,773,400.00
HAW HAWTHORN RESOURCES 0.14 112 17 $ 44,093,108.00
VAN VANGO MINING 0.14 -18 17 $ 104,578,808.00
SLR SILVER LAKE RESOURCES 1.8 139 17 $ 1,566,122,496.00
AOP APOLLO CONSOLIDATED 0.23 -4 16 $ 57,855,552.00
MKG MAKO GOLD 0.044 -59 16 $ 4,474,023.50
BNR BULLETIN RESOURCES 0.037 106 16 $ 6,633,843.50
TIE TIETTO MINERALS 0.26 41 16 $ 96,772,696.00
KWR KINGWEST RESOURCES 0.15 -6 15 $ 18,895,334.00
ALK ALKANE RESOURCES 0.87 271 14 $ 516,229,632.00
NCM NEWCREST MINING 29.34 17 14 $ 22,545,160,192.00
BBX BBX MINERALS 0.12 -64 14 $ 45,473,088.00
MML MEDUSA MINING 0.52 35 14 $ 113,247,896.00
WGX WESTGOLD RESOURCES 2.08 43 13 $ 835,790,912.00
EMR EMERALD RESOURCES 0.42 6 13 $ 197,012,832.00
BCN BEACON MINERALS 0.035 88 13 $ 100,052,144.00
GUL GULLEWA 0.045 50 13 $ 6,980,539.50
HMX HAMMER METALS 0.02 -38 13 $ 11,176,616.00
MDI MIDDLE ISLAND RESOURCES 0.009 0 13 $ 17,652,782.00
NST NORTHERN STAR RESOURCES 13.05 46 12 $ 9,635,435,520.00
CAI CALIDUS RESOURCES 0.29 16 12 $ 64,943,440.00
SBM ST BARBARA 2.49 -17 11 $ 1,771,798,400.00
RSG RESOLUTE MINING 0.9525 -20 11 $ 1,034,560,256.00
WAF WEST AFRICAN RESOURCES 0.51 57 11 $ 457,080,160.00
DGO DGO GOLD 2.3 186 10 $ 80,018,672.00
BLK BLACKHAM RESOURCES 0.011 -8 10 $ 109,245,096.00
OKU OKLO RESOURCES 0.29 53 10 $ 118,078,288.00
GMN GOLD MOUNTAIN 0.06 -11 9 $ 32,525,314.00
GSN GREAT SOUTHERN MINING 0.051 34 9 $ 14,360,385.00
CWX CARAWINE RESOURCES 0.19 32 9 $ 14,681,085.00
BRB BREAKER RESOURCES 0.195 -51 8 $ 46,264,016.00
SPX SPECTRUM METALS 0.13 420 8 $ 187,266,976.00
GBZ GBM RESOURCES 0.068 13 8 $ 15,577,670.00
GWR GWR GROUP 0.07 -26 8 $ 17,828,736.00
MAU MAGNETIC RESOURCES 0.7 133 8 $ 145,173,728.00
TAM TANAMI GOLD 0.042 2 8 $ 49,354,076.00
EVN EVOLUTION MINING 4.84 46 7 $ 8,419,758,080.00
BDC BARDOC GOLD 0.065 44 7 $ 92,117,192.00
CMM CAPRICORN METALS 1.155 178 6 $ 396,934,176.00
TLM TALISMAN MINING 0.074 -14 6 $ 13,810,500.00
SAR SARACEN MINERAL HOLDINGS 4.22 67 6 $ 4,797,575,680.00
VMC VENUS METALS CORP 0.19 17 6 $ 27,949,556.00
CXU CAULDRON ENERGY 0.02 0 5 $ 7,149,507.00
E2M E2 METALS 0.064 -68 5 $ 5,879,666.50
KCN KINGSGATE CONSOLIDATED 0.44 69 5 $ 104,063,936.00
SVL SILVER MINES 0.088 125 5 $ 79,157,984.00
ARV ARTEMIS RESOURCES 0.024 -59 5 $ 24,715,668.00
STN SATURN METALS 0.345 77 5 $ 29,458,688.00
RMS RAMELIUS RESOURCES 1.11 44 4 $ 870,001,600.00
BGL BELLEVUE GOLD 0.52 -4 4 $ 378,538,720.00
MOH MOHO RESOURCES 0.083 -17 4 $ 3,925,249.00
AME ALTO METALS 0.06 55 3 $ 17,895,800.00
ADN ANDROMEDA METALS 0.035 450 3 $ 48,572,852.00
MEU MARMOTA 0.037 131 3 $ 31,279,510.00
PRU PERSEUS MINING 1 127 3 $ 1,214,777,728.00
AMG AUSMEX MINING GROUP 0.044 -65 2 $ 23,476,344.00
RRL REGIS RESOURCES 4.04 -17 2 $ 2,083,539,840.00
TBR TRIBUNE RESOURCES 5.85 42 1 $ 314,702,144.00
BC8 BLACK CAT SYNDICATE 0.385 120 1 $ 33,671,848.00
GSM GOLDEN STATE MINING 0.1 2 1 $ 3,259,731.75
ALY ALCHEMY RESOURCES 0.011 -18 0 $ 6,055,768.00
ARS ALT RESOURCES 0.021 -23 0 $ 12,148,383.00
AVW AVIRA RESOURCES 0.001 -67 0 $ 2,250,000.00
BSR BASSARI RESOURCES 0.013 -24 0 $ 31,040,814.00
BYH BRYAH RESOURCES 0.026 -60 0 $ 2,622,719.75
CGN CRATER GOLD MINING 0.011 -21 0 $ 13,502,455.00
DAU DAMPIER GOLD 0.022 -4 0 $ 5,235,692.00
DTR DATELINE RESOURCES 0.002 -20 0 $ 16,420,156.00
DGR DGR GLOBAL 0.07 -54 0 $ 38,017,276.00
GMR GOLDEN RIM RESOURCES 0.006 -54 0 $ 7,352,446.00
GBR GREAT BOULDER RESOURCES 0.028 -69 0 $ 3,736,711.75
GNM GREAT NORTHERN MINERALS 0.006 -76 0 $ 2,168,349.00
KGM KALNORTH GOLD MINES 0.003 -25 0 $ 2,682,720.25
KRM KINGSROSE MINING 0.029 -36 0 $ 21,170,214.00
LNY LANEWAY RESOURCES 0.004 -69 0 $ 16,740,297.00
MSR MANAS RESOUCES 0.002 -50 0 $ 5,286,325.00
MLS METALS AUSTRALIA 0.001 -50 0 $ 3,207,352.75
MTH MITHRIL RESOURCES 0.005 -17 0 $ 3,432,724.50
NXM NEXUS MINERALS 0.04 -32 0 $ 4,729,622.50
OAU ORA GOLD 0.013 63 0 $ 8,399,702.00
PGI PANTERRA GOLD 0.022 16 0 $ 4,293,116.50
RED RED 5 0.235 76 0 $ 328,469,376.00
RGL RIVERSGOLD 0.008 -67 0 $ 1,978,029.75
SFM SANTA FE MINERALS 0.05 -39 0 $ 3,640,939.50
SMI SANTANA MINERALS 0.003 -25 0 $ 8,051,836.50
SIH SIHAYO GOLD 0.013 -7 0 $ 27,271,010.00
TAR TARUGA MINERALS 0.009 -75 0 $ 2,920,813.50
TTM TITAN MINERALS 0.067 -71 0 $ 51,087,356.00
VKA VIKING MINES 0.005 -44 0 $ 1,568,589.25
WWI WEST WITS MINING 0.01 11 0 $ 10,312,841.00
MLL MALI LITHIUM 0.043 -72 -2 $ 14,280,665.00
NWM NORWEST MINERALS 0.165 21 -3 $ 13,833,630.00
RND RAND MINING 1.715 -23 -3 $ 103,154,632.00
HRN HORIZON GOLD 0.19 23 -5 $ 15,306,123.00
CDV CARDINAL RESOURCES 0.36 -14 -5 $ 190,009,312.00
CYL CATALYST METALS 2.1 2 -5 $ 182,103,216.00
PRX PRODIGY GOLD NL 0.033 -62 -6 $ 20,902,594.00
NUS NUSANTARA RESOURCES 0.235 27 -6 $ 43,205,828.00
NAG NAGAMBIE RESOURCES 0.04 -33 -7 $ 21,497,090.00
NES NELSON RESOURCES 0.035 -59 -8 $ 1,954,405.25
ARL ARDEA RESOURCES 0.28 -28 -8 $ 32,257,620.00
AWV ANOVA METALS 0.008 -30 -9 $ 6,891,323.00
LEX LEFROY EXPLORATION 0.15 -21 -12 $ 16,077,879.00
BAR BARRA RESOURCES 0.014 -53 -13 $ 8,351,220.50
GED GOLDEN DEEPS 0.007 -80 -13 $ 1,964,259.88
ERM EMMERSON RESOURCES 0.07 -13 -13 $ 29,739,772.00
SLZ SULTAN RESOURCES 0.07 18 -13 $ 3,095,644.50
AGS ALLIANCE RESOURCES 0.09 -1 -14 $ 13,863,450.00
CY5 CYGNUS GOLD 0.035 -17 -15 $ 2,798,294.25
KTA KRAKATOA RESOURCES 0.036 44 -23 $ 8,750,000.00
DCN DACIAN GOLD 0.365 -73 -57 $ 114,213,640.00

 

At the junior end, investors continue to reward solid stories and exceptional discoveries.

This week Predictive Discovery (ASX:PDI) rocketed +1000% from ~$3m to +$30m on the back of a brand new discovery at the North-East Bankan prospect in Guinea.

The long time prospect generator hit numerous shallow, thick, and high-grade gold intercepts like 10m at 26.52 grams per tonne (g/t) gold across a “very broad zone” at least 450m long.

“Many of the holes either started or stopped in gold mineralisation, which is therefore open both at depth and to the east and west on most drill lines,” Predictive managing director Paul Roberts says.

“The mineralisation is also open to the north and south so there is plenty of scope to grow this further with more drilling.”

READ: If exploration is like gambling, then Predictive Discovery is increasing the odds of a big win

Pilbara explorer De Grey (ASX:DEG) — one of 2020s biggest success stories — is also up another 30 per cent this week and now has a market cap above $320m.

Resolution Minerals (ASX:RML), turned heads late last year with the acquisition of the 64North project next door to Northern Star’s (ASX:NST) 10-million-ounce Pogo gold mine in Alaska.

The explorer received a speeding ticket this week from the ASX after the share price jumped substantially — about 60 per cent for the week — for no apparent reason.

Resolution pointed to a March 31 announcement which indicates that maiden drilling has hit a “Pogo-style system”.

“Further, RML advised that assay results from this drilling program were expected approximately four weeks from that time – due in approximately two weeks’ time from today,” the company said.

“Additionally, the gold price has reached a seven year high in US dollar terms and may be contributing to interest in RML’s projects.”

Also in Alaska is explorer Nova Minerals (ASX:NVA), which is up 213 per cent over the past 12 months and continues to surge.

A new drilling campaign aims to add substantially to the Estelle project’s existing 2.5 million-ounce resource, which the former lithium explorer believes is just the beginning.

“Like I have said many times in the past, not all that many opportunities come around to drill a system this large such as what we have at Estelle, with an established 2.5-million-ounce inferred gold resource on a small area, open significantly in all directions  — and this is one of 15 known targets,” Nova chairman Avi Kimelman says.

Beleaguered producer Dacian Gold (ASX:DCN) was hammered on its return to trading after announcing a $98m cap raise at a massive discount to the current share price.

The WA miner, which fired up the brand-new Mt Morgans Gold Operation (MMGO) near Laverton in January last year, has been struggling with high production costs and a smaller than expected resource size.

The stock is now down +70 per cent over the past 12 months.