- China, Turkey and India led ongoing central bank gold buying in April
- Analysts still see gold continuing higher this year, heading ‘easily’ above US$2,500
- Iceni Gold absolutely slays it on the ASX this week with +200% gain
In the week’s most tenuous (possibly) world macroeconomics analogy on Stockhead, we refer you to American country singer Jerry Reed’s early ’80s hit – She Got the Goldmine, I Got the Shaft.
Why? Because it’s Friday and we’re scratching around for content that speaks to us – even if it’s a solid gold earworm with an amusing title.
And… also because China keeps on buying gold in an attempt to protect itself against its shaky economic sitch, while America slowly digs itself a great big, inflating hole of irreversible debt of its own.
In the ditty, the antagonist gets the spoils, while the protagonist is left with little else to show but a broken heart and a steaming hot mess of financial woe. Perhaps the shaft, in this sense, is made from US currency.
In a global sense, the prominent BRICS Eastern powerhouse very much aims to be the ‘antagonist’ as it looks to diversify away as fast as it can from the US dollar. And that’s in order to reduce its geo-economic vulnerabilities within the overarching dollar-dominated global economic system.
China is the world’s largest consumer of gold. According to broker Citi (via a Carl Capolingua article for Market Index), China gobbles up about 60% of global mine production, and around two-thirds of all annual global gold supply.
The US dollar, meanwhile, as remarkably strong as its been of late (thanks to the US Federal Reserve’s interest rate hiking and holding), might well be due some crumbling at the edges if (more likely when) the Fed turns the money printer back on come the US election – in order to help Sleepy Joe look like he’s actually doing something right by the American people.
In just about any future you look at, though – sticky, untameable inflation/stagflation; the eventual predicted rate cuts still likely this year from a Fed that says it’s got it under control; and then a Biden win or a supposedly nightmarish Trumpian apocalypse… gold’s actually looking like one of the very best places to park money as a safe haven.
Same as it ever was.
Here’s the song. Like we said, earworm.
You’re back. And so is gold. It’s up again at the time of writing with a +0.3% gain.
In US dollars it’s doing the rounds at $2,357, and in the Aussie version, which always sounds better, it’s changing hands around $3,567. Handy.
Time for some second-hand analysis, some news items, and then some ASX goldie action.
First up, who better to turn to than a global council that dedicates itself round the clock to the deeply analytical study of the gold market and its machinations? No one, that’s who.
The latest from the World Gold Council
The World Gold Council (WGC) this week released its Gold Market + ETF commentary reports for April.
It’s a long read. Worth it, but long. So we’ve cherry picked what we need here.
Essentially, April saw gold gains slow compared to a strong March, rising 4% over the month, despite hitting an all time high again, earlier in the month.
The cool off/”new-high fatigue” was due, says the council, to falling Chinese premia, lower Indian imports and flat-lining COMEX (Commodity Exchange Inc) positioning.
That said, the trajectory is still up for gold overall. And the reason we’re banging on about China above, is the fact its central bank is still buying up the precious metal like there’s no more to be found in the ground ever again. Which is ridiculous, of course – it’s not exactly a 100% finite hard currency, is it – like Bitc… nothing.
“For gold-backed ETFs, Asia-led global inflows and North American funds registered positive demand,” noted the WGC.
That said, these were dwarfed by European outflows. “Physically backed gold ETFs saw outflows of US$2bn in April, further extending aggregate losses to 11 consecutive months”.
Australian Gold ETFs were down just 1%, by the way.
Some WGC-noted positive thoughts/upshot for gold going forward, though:
• China’s PBoC and other central banks have continued to load up on gold in April. The biggest buyers in April included China, Turkey, and India.
• Inflation in the US remains sticky, “and the outlook seems to point once again to ‘stagflation’ which, in turn, is helping the case for gold and could encourage Western investors to join strong demand from Central banks and Far East buyers.
• “As we move from soft landing to higher-for-longer, while the Fed is not in any rush to cut rates, the rest of the economic picture may provide more incentives for Western investors to join the Eastern counterparts in adding gold to their investment strategies.”
Some other tidbits worth a mention
• Across the Atlantic, the Bank of England (BoE) has unsurprisingly kept its rate unchanged at 5.25%, in line with consensus. This has seemed to help buoy stock markets today, and the price of gold. Bitcoin, too.
• Gold’s price rise late this week is also being attributed to Chinese trade data showing a greater-than-expected rise in Chinese exports of 1.5% year-over-year in April, rebounding from a 7.5% drop a month earlier. This info comes per an fxstreet.com report, which reads:
According to the data, imports rose 8.4%, beating the 5.4% forecast and the previous 1.9% drop. China is a key player in the global market for gold so strong economic data from the country impacts its valuation.
• Meanwhile, in conversation with precious metals-focused media outlet Kitco this week, Jeff Clark, editor of TheGoldAdvisor.com, noted that while central bank buying has indeed been supportive of gold prices, interest rate cuts later this year could send the metal higher.
“This could be a banner year for central bank gold buying,” said Clark. “In my humble opinion, that is not why the gold price is higher. I think central bank gold buying actually supports the price though. It’s just an important component of this market,” he said, adding:
“$2,500 is easily within reach this year.”
• On the price prediction side of things, just returning to the Market Index article mentioned further above, and Capolingua notes that the Citi brokers, while of the belief gold could be a tad overextended in the short term, are “clear gold bulls”.
He notes:
They tip the gold price could trade with a ‘3’ handle for the first time ever in the not-too-distant future, given their ‘base case’ is for gold to hit US$3,000/oz within the next 12-15 months.
ASX Winners & Losers
Here’s how ASX-listed precious metals stocks are performing, circa 4pm May 10:
Scroll or swipe to reveal table. Click headings to sort. Best viewed on a laptop.
Stocks missing from this list? Please email rob.badman@stockhead.com.au
| Code | Company | Price | % Week | % Month | % Year | Market Cap |
|---|---|---|---|---|---|---|
| MRR | Minrex Resources Ltd | 0.0115 | -4% | -12% | -1% | $13,018,410 |
| NPM | Newpeak Metals | 0.021 | 5% | 91% | 1% | $2,499,605 |
| ASO | Aston Minerals Ltd | 0.012 | 9% | 0% | -1% | $14,245,707 |
| MTC | Metalstech Ltd | 0.27 | 26% | 64% | 5% | $47,238,648 |
| FFX | Firefinch Ltd | 0.2 | 0% | 0% | 0% | $236,569,315 |
| GED | Golden Deeps | 0.039 | -3% | -13% | -1% | $4,620,894 |
| G88 | Golden Mile Res Ltd | 0.012 | -8% | -14% | -1% | $4,934,674 |
| DCX | Discovex Res Ltd | 0.002 | 0% | 0% | 0% | $6,605,136 |
| NMR | Native Mineral Res | 0.022 | 10% | -27% | 0% | $4,616,711 |
| AQX | Alice Queen Ltd | 0.007 | 40% | 17% | 0% | $4,145,940 |
| SLZ | Sultan Resources Ltd | 0.011 | -8% | -8% | -1% | $2,173,451 |
| MKG | Mako Gold | 0.013 | -7% | -13% | 0% | $13,176,110 |
| KSN | Kingston Resources | 0.073 | 9% | 3% | 0% | $46,893,376 |
| AMI | Aurelia Metals Ltd | 0.18 | -10% | -3% | 7% | $321,055,807 |
| PNX | PNX Metals Limited | 0.0045 | -10% | -10% | 0% | $26,865,966 |
| GIB | Gibb River Diamonds | 0.024 | -23% | -23% | -1% | $5,076,227 |
| KCN | Kingsgate Consolid. | 1.79 | 15% | 26% | 42% | $407,247,673 |
| TMX | Terrain Minerals | 0.003 | -25% | -25% | 0% | $4,295,012 |
| BNR | Bulletin Res Ltd | 0.053 | 8% | 8% | -9% | $14,680,666 |
| NXM | Nexus Minerals Ltd | 0.068 | 1% | -16% | 2% | $25,288,908 |
| SKY | SKY Metals Ltd | 0.044 | 29% | 16% | 1% | $26,691,343 |
| LM8 | Lunnonmetalslimited | 0.29 | 0% | 9% | -31% | $63,174,577 |
| CST | Castile Resources | 0.088 | -2% | 22% | 1% | $22,738,828 |
| YRL | Yandal Resources | 0.115 | -8% | -4% | 3% | $30,797,876 |
| FAU | First Au Ltd | 0.003 | 50% | 50% | 0% | $3,323,987 |
| ARL | Ardea Resources Ltd | 0.665 | 2% | -6% | 19% | $129,715,895 |
| GWR | GWR Group Ltd | 0.11 | 0% | 13% | 2% | $35,333,832 |
| IVR | Investigator Res Ltd | 0.055 | 20% | 10% | 2% | $82,361,738 |
| GTR | Gti Energy Ltd | 0.005 | -17% | -17% | 0% | $11,274,709 |
| IPT | Impact Minerals | 0.022 | 10% | 57% | 1% | $63,023,486 |
| BNZ | Benzmining | 0.14 | -7% | -18% | -11% | $16,381,265 |
| MOH | Moho Resources | 0.005 | 25% | 0% | -1% | $2,156,713 |
| BCM | Brazilian Critical | 0.026 | 8% | 30% | 0% | $17,902,964 |
| PUA | Peak Minerals Ltd | 0.003 | 0% | 0% | 0% | $3,124,130 |
| MRZ | Mont Royal Resources | 0.055 | 8% | -8% | -10% | $4,676,639 |
| SMS | Starmineralslimited | 0.03 | -19% | -25% | -1% | $2,277,684 |
| MVL | Marvel Gold Limited | 0.009 | 0% | -10% | 0% | $7,774,116 |
| PRX | Prodigy Gold NL | 0.0025 | 0% | -17% | 0% | $5,034,435 |
| AAU | Antilles Gold Ltd | 0.011 | -21% | -44% | -1% | $10,356,885 |
| CWX | Carawine Resources | 0.105 | 5% | -5% | -1% | $24,793,172 |
| RND | Rand Mining Ltd | 1.57 | 0% | 0% | 20% | $89,295,259 |
| CAZ | Cazaly Resources | 0.018 | 0% | -10% | -1% | $7,728,818 |
| BMR | Ballymore Resources | 0.155 | 24% | 19% | 3% | $24,742,282 |
| DRE | Dreadnought Resources Ltd | 0.017 | 0% | 0% | -1% | $63,235,313 |
| ZNC | Zenith Minerals Ltd | 0.075 | -9% | -23% | -8% | $28,190,471 |
| REZ | Resourc & En Grp Ltd | 0.013 | 0% | 0% | 0% | $8,109,475 |
| LEX | Lefroy Exploration | 0.098 | -11% | -25% | -8% | $19,845,390 |
| ERM | Emmerson Resources | 0.051 | 11% | 4% | -1% | $27,235,489 |
| AM7 | Arcadia Minerals | 0.06 | -18% | -38% | -1% | $7,088,257 |
| ADT | Adriatic Metals | 4.58 | -1% | 9% | 57% | $1,149,615,496 |
| AS1 | Asara Resources Ltd | 0.011 | 10% | 22% | 0% | $10,586,104 |
| CYL | Catalyst Metals | 0.83 | -7% | 19% | 3% | $172,814,884 |
| CHN | Chalice Mining Ltd | 1.435 | 29% | 15% | -26% | $560,107,158 |
| KAL | Kalgoorliegoldmining | 0.029 | -15% | -9% | 0% | $4,755,022 |
| MLS | Metals Australia | 0.021 | 5% | -5% | -2% | $14,854,760 |
| ADN | Andromeda Metals Ltd | 0.0175 | -3% | -8% | -1% | $59,095,148 |
| MEI | Meteoric Resources | 0.2125 | -6% | -11% | -5% | $417,925,167 |
| SRN | Surefire Rescs NL | 0.01 | 0% | 0% | 0% | $21,849,386 |
| SIH | Sihayo Gold Limited | 0.0025 | 0% | 67% | 0% | $30,510,640 |
| WA8 | Warriedarresourltd | 0.062 | 35% | 38% | 1% | $41,077,283 |
| HMX | Hammer Metals Ltd | 0.039 | -9% | -19% | -1% | $34,569,887 |
| WCN | White Cliff Min Ltd | 0.0165 | 10% | 10% | 1% | $27,614,586 |
| AVM | Advance Metals Ltd | 0.024 | -8% | -37% | -2% | $1,139,942 |
| WRM | White Rock Min Ltd | 0 | -100% | -100% | -6% | $17,508,200 |
| ASR | Asra Minerals Ltd | 0.007 | 0% | 0% | 0% | $11,647,970 |
| MCT | Metalicity Limited | 0.003 | 50% | 20% | 0% | $11,212,737 |
| AME | Alto Metals Limited | 0.037 | 0% | -18% | -1% | $25,253,311 |
| CTO | Citigold Corp Ltd | 0.006 | 20% | 20% | 0% | $18,000,000 |
| TIE | Tietto Minerals | 0.68 | 0% | 5% | 7% | $770,506,054 |
| SMI | Santana Minerals Ltd | 1.115 | -3% | -16% | 11% | $224,310,976 |
| M2R | Miramar | 0.012 | 33% | -20% | -1% | $1,674,782 |
| MHC | Manhattan Corp Ltd | 0.002 | 0% | -33% | 0% | $5,873,960 |
| GRL | Godolphin Resources | 0.024 | -11% | -27% | -2% | $4,966,460 |
| SVG | Savannah Goldfields | 0.035 | 25% | 40% | -2% | $7,870,378 |
| EMC | Everest Metals Corp | 0.11 | 17% | 10% | 3% | $15,278,329 |
| GUL | Gullewa Limited | 0.054 | -2% | -4% | 0% | $11,057,747 |
| CY5 | Cygnus Metals Ltd | 0.081 | -5% | 42% | -5% | $23,324,731 |
| G50 | G50Corp Ltd | 0.155 | -3% | -9% | 2% | $16,939,950 |
| ADV | Ardiden Ltd | 0.155 | -3% | 0% | -2% | $10,002,801 |
| AAR | Astral Resources NL | 0.083 | 32% | 26% | 1% | $61,584,437 |
| VMC | Venus Metals Cor Ltd | 0.09 | 8% | -10% | -1% | $17,075,581 |
| NAE | New Age Exploration | 0.004 | 0% | 0% | 0% | $7,175,596 |
| VKA | Viking Mines Ltd | 0.011 | 10% | 10% | 0% | $12,303,101 |
| LCL | LCL Resources Ltd | 0.011 | -8% | -8% | -1% | $11,462,706 |
| MTH | Mithril Resources | 0.2 | 0% | 0% | 0% | $6,737,764 |
| ADG | Adelong Gold Limited | 0.0035 | 17% | 0% | 0% | $3,781,711 |
| RMX | Red Mount Min Ltd | 0.001 | 0% | -50% | 0% | $4,010,364 |
| PRS | Prospech Limited | 0.048 | 9% | 23% | 2% | $12,967,139 |
| TTM | Titan Minerals | 0.026 | -10% | 0% | 0% | $47,043,022 |
| NML | Navarre Minerals Ltd | 0.019 | 0% | 0% | 0% | $28,555,654 |
| MZZ | Matador Mining Ltd | 0.079 | 14% | 44% | 3% | $39,874,242 |
| KZR | Kalamazoo Resources | 0.115 | 31% | 17% | -1% | $16,606,336 |
| BCN | Beacon Minerals | 0.028 | -3% | -3% | 0% | $105,189,509 |
| MAU | Magnetic Resources | 1.03 | 0% | 5% | 1% | $279,930,643 |
| BC8 | Black Cat Syndicate | 0.305 | 15% | 17% | 6% | $84,852,197 |
| EM2 | Eagle Mountain | 0.07 | -10% | 8% | 0% | $27,108,370 |
| EMR | Emerald Res NL | 3.53 | 6% | 1% | 52% | $2,204,759,307 |
| BYH | Bryah Resources Ltd | 0.007 | -13% | -30% | -1% | $3,483,628 |
| HCH | Hot Chili Ltd | 1.05 | -16% | -12% | -3% | $127,806,370 |
| WAF | West African Res Ltd | 1.44 | 7% | 6% | 50% | $1,438,835,832 |
| MEU | Marmota Limited | 0.0435 | 1% | 1% | 0% | $46,587,225 |
| NVA | Nova Minerals Ltd | 0.245 | -9% | -8% | -12% | $47,919,048 |
| SVL | Silver Mines Limited | 0.1925 | 17% | -1% | 3% | $278,986,708 |
| PGD | Peregrine Gold | 0.23 | 0% | -4% | -1% | $15,612,037 |
| ICL | Iceni Gold | 0.089 | 207% | 242% | 4% | $21,943,934 |
| FG1 | Flynngold | 0.027 | -21% | -41% | -2% | $7,127,252 |
| WWI | West Wits Mining Ltd | 0.014 | -13% | -18% | 0% | $36,455,875 |
| RML | Resolution Minerals | 0.002 | 0% | 0% | 0% | $4,830,065 |
| AAJ | Aruma Resources Ltd | 0.015 | 0% | -25% | -1% | $2,953,373 |
| AL8 | Alderan Resource Ltd | 0.005 | 0% | -17% | 0% | $5,534,307 |
| GMN | Gold Mountain Ltd | 0.004 | 0% | 0% | 0% | $11,902,023 |
| MEG | Megado Minerals Ltd | 0.011 | 10% | 0% | -2% | $2,799,011 |
| HMG | Hamelingoldlimited | 0.071 | -5% | -13% | -1% | $11,182,500 |
| TBA | Tombola Gold Ltd | 0.026 | 0% | 0% | 0% | $33,129,243 |
| BM8 | Battery Age Minerals | 0.1 | -2% | 11% | -9% | $9,176,032 |
| TBR | Tribune Res Ltd | 4.29 | -4% | 3% | 134% | $220,365,923 |
| FML | Focus Minerals Ltd | 0.145 | 7% | -19% | -4% | $38,685,417 |
| GSR | Greenstone Resources | 0.01 | 18% | 0% | 0% | $15,105,830 |
| VRC | Volt Resources Ltd | 0.005 | 0% | 0% | 0% | $24,952,069 |
| ARV | Artemis Resources | 0.016 | -6% | -11% | 0% | $27,059,138 |
| HRN | Horizon Gold Ltd | 0.32 | 23% | 7% | 2% | $46,348,775 |
| CLA | Celsius Resource Ltd | 0.01 | -9% | -29% | 0% | $24,279,127 |
| QML | Qmines Limited | 0.062 | -11% | -17% | -2% | $15,326,725 |
| RDN | Raiden Resources Ltd | 0.0425 | 25% | 37% | 0% | $108,919,989 |
| TCG | Turaco Gold Limited | 0.21 | 11% | 17% | 8% | $157,098,667 |
| KCC | Kincora Copper | 0.037 | -5% | -5% | 0% | $7,173,932 |
| GBZ | GBM Rsources Ltd | 0.01 | 0% | -17% | 0% | $11,566,889 |
| DTM | Dart Mining NL | 0.029 | 12% | -24% | 1% | $6,719,255 |
| MKR | Manuka Resources. | 0.06 | -15% | -33% | -2% | $45,023,969 |
| AUC | Ausgold Limited | 0.027 | 4% | -23% | -1% | $59,699,671 |
| ANX | Anax Metals Ltd | 0.043 | 59% | 76% | 1% | $24,835,318 |
| EMU | EMU NL | 0.03 | 50% | 0% | 0% | $2,159,775 |
| SFM | Santa Fe Minerals | 0.047 | -4% | 0% | 0% | $3,422,483 |
| SSR | SSR Mining Inc. | 8.15 | 1% | 12% | -767% | $34,616,148 |
| PNR | Pantoro Limited | 0.086 | 1% | 13% | 3% | $447,546,624 |
| CMM | Capricorn Metals | 4.7 | -3% | -13% | -1% | $1,763,055,905 |
| X64 | Ten Sixty Four Ltd | 0.57 | 0% | 0% | 0% | $130,184,182 |
| SI6 | SI6 Metals Limited | 0.003 | 0% | 0% | 0% | $7,106,578 |
| HAW | Hawthorn Resources | 0.07 | -7% | -7% | -2% | $23,451,093 |
| BGD | Bartongoldholdings | 0.315 | 13% | 19% | 5% | $67,721,670 |
| SVY | Stavely Minerals Ltd | 0.026 | -4% | -19% | -2% | $9,930,442 |
| AGC | AGC Ltd | 0.12 | 29% | 54% | 5% | $22,000,000 |
| RGL | Riversgold | 0.006 | -8% | -14% | -1% | $5,805,969 |
| TSO | Tesoro Gold Ltd | 0.041 | 5% | 52% | 1% | $51,642,390 |
| GUE | Global Uranium | 0.11 | 0% | 5% | 1% | $28,986,465 |
| CPM | Coopermetalslimited | 0.13 | 8% | 24% | -21% | $10,578,013 |
| MM8 | Medallion Metals. | 0.052 | -7% | -21% | -1% | $16,307,260 |
| FFM | Firefly Metals Ltd | 0.89 | 16% | 19% | 26% | $389,849,977 |
| CBY | Canterbury Resources | 0.068 | 13% | 209% | 4% | $10,991,417 |
| LYN | Lycaonresources | 0.32 | -6% | 49% | 12% | $16,690,219 |
| SFR | Sandfire Resources | 9.8 | 5% | 9% | 246% | $4,477,545,295 |
| TMZ | Thomson Res Ltd | 0.005 | 0% | 0% | 0% | $4,881,018 |
| TAM | Tanami Gold NL | 0.036 | -8% | -8% | 0% | $43,478,591 |
| WMC | Wiluna Mining Corp | 0 | -100% | -100% | -21% | $74,238,031 |
| NWM | Norwest Minerals | 0.032 | -18% | 0% | 1% | $13,584,183 |
| ALK | Alkane Resources Ltd | 0.6 | 3% | -8% | -6% | $343,959,271 |
| BMO | Bastion Minerals | 0.007 | 17% | -13% | -1% | $3,014,087 |
| IDA | Indiana Resources | 0.079 | -2% | 3% | 0% | $49,467,536 |
| GSM | Golden State Mining | 0.012 | 9% | 0% | 0% | $3,073,077 |
| NSM | Northstaw | 0.036 | -10% | -20% | -1% | $5,315,280 |
| GSN | Great Southern | 0.021 | 5% | -9% | 0% | $15,532,190 |
| RED | Red 5 Limited | 0.46 | 7% | 12% | 15% | $1,541,391,244 |
| DEG | De Grey Mining | 1.2225 | -2% | -7% | -1% | $2,307,659,866 |
| THR | Thor Energy PLC | 0.017 | -6% | -23% | -1% | $3,120,416 |
| CDR | Codrus Minerals Ltd | 0.043 | 2% | 8% | -1% | $4,836,828 |
| MDI | Middle Island Res | 0.015 | -12% | -12% | 0% | $3,485,664 |
| WTM | Waratah Minerals Ltd | 0.105 | -13% | 40% | -2% | $19,730,095 |
| POL | Polymetals Resources | 0.27 | -4% | 4% | -4% | $42,556,808 |
| RDS | Redstone Resources | 0.003 | -25% | -25% | 0% | $3,238,825 |
| NAG | Nagambie Resources | 0.011 | -12% | -21% | -2% | $9,559,628 |
| BGL | Bellevue Gold Ltd | 1.7575 | 1% | -11% | 8% | $2,007,367,856 |
| GBR | Greatbould Resources | 0.064 | 7% | 3% | 0% | $36,633,052 |
| KAI | Kairos Minerals Ltd | 0.012 | 9% | -8% | 0% | $28,830,034 |
| KAU | Kaiser Reef | 0.145 | 7% | -3% | -3% | $23,090,926 |
| HRZ | Horizon | 0.04 | 8% | 5% | 0% | $26,637,380 |
| CAI | Calidus Resources | 0.13 | -4% | 0% | -9% | $98,973,381 |
| CDT | Castle Minerals | 0.006 | 0% | 0% | 0% | $7,346,958 |
| RSG | Resolute Mining | 0.4575 | 5% | -4% | 1% | $904,846,256 |
| MXR | Maximus Resources | 0.03 | -3% | -4% | 0% | $10,270,265 |
| EVN | Evolution Mining Ltd | 3.845 | -3% | -3% | -12% | $7,526,476,703 |
| CXU | Cauldron Energy Ltd | 0.041 | 3% | -5% | 2% | $48,646,025 |
| DLI | Delta Lithium | 0.315 | 2% | 13% | -16% | $235,424,357 |
| ALY | Alchemy Resource Ltd | 0.007 | 0% | 0% | 0% | $8,246,534 |
| HXG | Hexagon Energy | 0.02 | 0% | -13% | 1% | $10,771,234 |
| OBM | Ora Banda Mining Ltd | 0.3075 | -7% | -1% | 7% | $574,897,031 |
| SLR | Silver Lake Resource | 1.505 | 6% | 14% | 32% | $1,374,074,170 |
| AVW | Avira Resources Ltd | 0.0015 | 0% | 50% | 0% | $2,663,790 |
| LCY | Legacy Iron Ore | 0.016 | -6% | 7% | 0% | $123,416,772 |
| PDI | Predictive Disc Ltd | 0.2 | 3% | -18% | -1% | $467,880,397 |
| MAT | Matsa Resources | 0.031 | 0% | -18% | 1% | $16,514,254 |
| ZAG | Zuleika Gold Ltd | 0.018 | -10% | 6% | 0% | $13,985,625 |
| GML | Gateway Mining | 0.015 | -6% | -32% | -1% | $5,181,891 |
| SBM | St Barbara Limited | 0.275 | 6% | 20% | 7% | $196,312,891 |
| SBR | Sabre Resources | 0.019 | 0% | -5% | -1% | $7,110,977 |
| STK | Strickland Metals | 0.105 | 0% | -13% | 1% | $169,796,781 |
| ION | Iondrive Limited | 0.011 | 38% | 22% | 0% | $3,403,997 |
| CEL | Challenger Gold Ltd | 0.071 | -1% | -24% | 0% | $95,331,346 |
| LRL | Labyrinth Resources | 0.006 | 20% | 0% | 0% | $7,125,262 |
| NST | Northern Star | 14.65 | 1% | -4% | 100% | $16,667,565,024 |
| OZM | Ozaurum Resources | 0.065 | 18% | 55% | -9% | $9,683,750 |
| TG1 | Techgen Metals Ltd | 0.041 | 46% | 28% | -4% | $4,612,772 |
| XAM | Xanadu Mines Ltd | 0.067 | -3% | -7% | 1% | $113,256,397 |
| AQI | Alicanto Min Ltd | 0.02 | -13% | -20% | -2% | $12,311,736 |
| KTA | Krakatoa Resources | 0.017 | 0% | 113% | -2% | $8,025,823 |
| ARN | Aldoro Resources | 0.065 | -3% | -13% | -6% | $8,750,543 |
| WGX | Westgold Resources. | 2.23 | 1% | 2% | 5% | $1,027,761,324 |
| MBK | Metal Bank Ltd | 0.021 | 0% | -5% | -1% | $7,809,186 |
| A8G | Australasian Metals | 0.078 | -5% | 22% | -9% | $4,169,640 |
| TAR | Taruga Minerals | 0.008 | 0% | 33% | 0% | $6,354,241 |
| DTR | Dateline Resources | 0.01 | -9% | -23% | 0% | $15,980,636 |
| GOR | Gold Road Res Ltd | 1.62 | 1% | -7% | -35% | $1,679,184,073 |
| S2R | S2 Resources | 0.115 | -4% | -21% | -5% | $54,342,959 |
| NES | Nelson Resources. | 0.003 | 0% | 0% | 0% | $1,840,783 |
| TLM | Talisman Mining | 0.275 | 0% | 10% | 4% | $52,729,698 |
| BEZ | Besragoldinc | 0.096 | -3% | -13% | -5% | $38,047,182 |
| PRU | Perseus Mining Ltd | 2.315 | 4% | -1% | 47% | $3,159,719,795 |
| SPQ | Superior Resources | 0.0085 | -15% | -29% | 0% | $18,010,984 |
| PUR | Pursuit Minerals | 0.004 | -20% | -11% | 0% | $11,775,886 |
| RMS | Ramelius Resources | 2.005 | 2% | 1% | 32% | $2,274,187,307 |
| PKO | Peako Limited | 0.005 | 0% | 0% | 0% | $2,635,424 |
| ICG | Inca Minerals Ltd | 0.007 | 40% | 40% | 0% | $5,633,172 |
| A1G | African Gold Ltd. | 0.028 | 0% | -14% | 0% | $4,543,665 |
| OAU | Ora Gold Limited | 0.005 | 0% | -17% | 0% | $29,030,004 |
| GNM | Great Northern | 0.0105 | 5% | -13% | -1% | $1,700,920 |
| KRM | Kingsrose Mining Ltd | 0.038 | 9% | 9% | 0% | $28,596,008 |
| BTR | Brightstar Resources | 0.017 | 6% | -11% | 0% | $49,403,583 |
| RRL | Regis Resources | 2.11 | 1% | 1% | -7% | $1,586,211,497 |
| M24 | Mamba Exploration | 0.023 | 5% | -15% | -3% | $4,049,810 |
| TRM | Truscott Mining Corp | 0.063 | -10% | 9% | 1% | $10,922,125 |
| TNC | True North Copper | 0.067 | -15% | -36% | -4% | $29,396,959 |
| MOM | Moab Minerals Ltd | 0.005 | 0% | -17% | 0% | $3,559,815 |
| KNB | Koonenberrygold | 0.016 | 14% | -11% | -2% | $5,180,175 |
| AWJ | Auric Mining | 0.19 | 12% | -10% | 7% | $25,254,073 |
| AZS | Azure Minerals | 3.69 | 0% | 7% | -1% | $1,692,527,632 |
| ENR | Encounter Resources | 0.39 | 0% | 50% | 10% | $164,241,990 |
| SNG | Siren Gold | 0.076 | 23% | 31% | 1% | $14,680,769 |
| STN | Saturn Metals | 0.255 | 6% | 31% | 9% | $53,760,594 |
| USL | Unico Silver Limited | 0.15 | 0% | -14% | 3% | $47,848,255 |
| PNM | Pacific Nickel Mines | 0.026 | -19% | -26% | -6% | $10,456,328 |
| AYM | Australia United Min | 0.003 | 0% | -25% | 0% | $5,527,732 |
| ANL | Amani Gold Ltd | 0.001 | 0% | 0% | 0% | $25,143,441 |
| HAV | Havilah Resources | 0.215 | 0% | -9% | 2% | $63,327,842 |
| SPR | Spartan Resources | 0.61 | 6% | 4% | 9% | $629,408,530 |
| PNT | Panthermetalsltd | 0.039 | 0% | 18% | -2% | $3,399,480 |
| MEK | Meeka Metals Limited | 0.036 | 9% | -3% | 0% | $45,684,230 |
| GMD | Genesis Minerals | 1.81 | 6% | -7% | 2% | $1,985,822,005 |
| PGO | Pacgold | 0.16 | 0% | -14% | -3% | $12,201,089 |
| FEG | Far East Gold | 0.125 | -7% | -24% | 0% | $32,198,354 |
| MI6 | Minerals260Limited | 0.145 | -6% | -6% | -18% | $32,760,000 |
| IGO | IGO Limited | 7.95 | 2% | 4% | -110% | $6,012,706,435 |
| GAL | Galileo Mining Ltd | 0.27 | 0% | 8% | -2% | $53,358,730 |
| RXL | Rox Resources | 0.175 | 0% | -22% | -1% | $59,096,682 |
| KIN | KIN Min NL | 0.065 | -3% | -17% | 0% | $71,867,183 |
| CLZ | Classic Min Ltd | 0.0075 | 7% | -32% | -4% | $2,170,241 |
| TGM | Theta Gold Mines Ltd | 0.16 | 7% | 3% | 5% | $113,846,374 |
| FAL | Falconmetalsltd | 0.155 | 15% | 29% | 1% | $26,550,000 |
| SXG | Southern Cross Gold | 3.23 | 39% | 64% | 197% | $260,087,686 |
| SPD | Southernpalladium | 0.5 | 0% | 23% | 13% | $21,539,164 |
| ORN | Orion Minerals Ltd | 0.02 | 5% | 33% | 1% | $121,057,150 |
| TMB | Tambourahmetals | 0.069 | 1% | -5% | -5% | $5,474,063 |
| TMS | Tennant Minerals Ltd | 0.022 | 0% | -19% | -1% | $21,029,589 |
| AZY | Antipa Minerals Ltd | 0.012 | 9% | -8% | -1% | $49,617,695 |
| PXX | Polarx Limited | 0.013 | 0% | -7% | 1% | $26,643,769 |
| TRE | Toubani Res Ltd | 0.135 | 13% | 13% | -1% | $19,243,189 |
| AUN | Aurumin | 0.043 | 5% | 0% | 2% | $18,550,899 |
| GPR | Geopacific Resources | 0.021 | -9% | -16% | 0% | $17,256,065 |
| FXG | Felix Gold Limited | 0.07 | -11% | 25% | 2% | $15,748,349 |
| ILT | Iltani Resources Lim | 0.195 | 3% | 8% | 4% | $5,781,786 |
| ARD | Argent Minerals | 0.02 | 33% | 25% | 1% | $24,596,199 |
Notable weekly gainers
Iceni Gold (ASX:ICL) +207%
And you can read about that > here
First Au (ASX:FAU) +50%
Southern Cross Gold (ASX:SXG) 39%