China is increasingly investing into gold as it sits down to lament its falling yuan and property markets. Via Getty Images.
Gold Digger: China banks bullion, De Grey raises $300m to stave off M&A sharks
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- China’s property market and depressed yuan has domestic investors flocking to gold
- Price differences between Shanghai spot gold and the West have gone from a decade average of US$6 to more than US$100 of late
- Top ASX Gold Stories This Week: De Grey Mining, Strickland Metals
Our Gold Digger column wraps all the news driving ASX stocks with exposure to precious metals.
China is the world’s biggest consumer of gold since 2013, having averaged the purchase of almost 1,000 tonnes each year.
Domestic market ructions have investors looking to bullion in even stronger numbers, which has caused record disparities between the Shanghai Gold Exchange (SGE) and markets in the West – over US$100 in price difference at times.
To put this in perspective, the average price difference between the East and the West for at least the last decade had been less than US$6.
On Wednesday, an ounce of gold in Shanghai cost US$2,007, a massive 6% higher than the prices in London or New York, according to Bloomberg.
These discrepancies with the gold price between the West and the Orient, Bloomberg says, are being put down to China’s flaccid property market and a falling yuan.
Based on this and despite a week of falls in the spot price, the increasing shift to gold of the Middle Kingdom should keep bullion aloft in the short to medium term too.
Shanghai gold is now trading at $1987 per oz.
This is $113 per oz more than the current western spot gold price. I think everyone should now switch over to the Shanghai price, and ignore the western paper-determined price.— The Young Pretender (@Dioclet54046121) September 28, 2023
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 | Price | % Month | % Week | % Year | % YTD | Market Cap |
|---|---|---|---|---|---|---|---|
| CXU | Cauldron Energy Ltd | 0.014 | 133.33 | 55.56 | 20.42 | 0.70 | $11,418,824 |
| MTC | Metalstech Ltd | 0.215 | 0.00 | 43.33 | -46.25 | -30.50 | $40,549,987 |
| RML | Resolution Minerals | 0.007 | 75.00 | 40.00 | -33.33 | -0.10 | $8,801,043 |
| MTH | Mithril Resources | 0.002 | 33.33 | 33.33 | -63.64 | -0.15 | $6,737,609 |
| RDS | Redstone Resources | 0.008 | 33.33 | 33.33 | 14.29 | 0.00 | $6,971,028 |
| AVW | Avira Resources Ltd | 0.002 | 0.00 | 33.33 | -50.00 | -0.10 | $4,267,580 |
| GTR | Gti Energy Ltd | 0.011 | 46.67 | 29.41 | -34.21 | 0.02 | $20,449,471 |
| STK | Strickland Metals | 0.065 | 51.16 | 25.00 | 62.50 | 2.50 | $97,614,701 |
| A8G | Australasian Metals | 0.185 | 27.59 | 23.33 | -36.21 | -0.50 | $9,642,291 |
| TRM | Truscott Mining Corp | 0.058 | 34.88 | 20.83 | 52.63 | 1.70 | $10,055,289 |
| G50 | Gold50Limited | 0.150 | 15.38 | 20.00 | 3.45 | -10.00 | $13,375,089 |
| ICG | Inca Minerals Ltd | 0.018 | 5.88 | 20.00 | -55.00 | -0.50 | $7,365,150 |
| FAL | Falconmetalsltd | 0.155 | -24.39 | 19.23 | -18.42 | -12.50 | $23,895,000 |
| CYL | Catalyst Metals | 0.550 | 12.24 | 17.02 | -52.59 | -63.00 | $123,249,025 |
| CWX | Carawine Resources | 0.150 | 11.11 | 15.38 | 57.89 | 5.00 | $29,522,620 |
| RMX | Red Mount Min Ltd | 0.004 | 0.00 | 14.29 | -27.27 | -0.10 | $10,694,304 |
| SI6 | SI6 Metals Limited | 0.008 | 45.45 | 14.29 | 14.29 | 0.20 | $15,950,875 |
| AWJ | Auric Mining | 0.042 | -16.00 | 13.51 | -45.45 | -2.20 | $5,496,103 |
| OKR | Okapi Resources | 0.170 | 78.95 | 13.33 | -27.66 | 2.00 | $34,664,193 |
| MEU | Marmota Limited | 0.035 | 25.00 | 12.90 | -25.53 | -1.30 | $37,058,020 |
| MOH | Moho Resources | 0.009 | 0.00 | 12.50 | -68.97 | -1.20 | $2,448,320 |
| PRX | Prodigy Gold NL | 0.009 | 50.00 | 12.50 | -10.00 | -0.30 | $15,759,970 |
| PRS | Prospech Limited | 0.028 | 3.70 | 12.00 | -8.27 | 0.12 | $5,933,519 |
| MXR | Maximus Resources | 0.029 | 0.00 | 11.54 | -35.56 | -1.10 | $9,287,417 |
| AUN | Aurumin | 0.029 | 45.00 | 11.54 | -70.23 | -3.20 | $8,057,963 |
| ZNC | Zenith Minerals Ltd | 0.105 | 25.00 | 10.53 | -62.50 | -16.00 | $33,828,565 |
| KNB | Koonenberrygold | 0.045 | -10.00 | 9.76 | -43.75 | -1.70 | $3,409,040 |
| AQI | Alicanto Min Ltd | 0.046 | 24.32 | 9.52 | 24.32 | 0.30 | $25,739,146 |
| WCN | White Cliff Min Ltd | 0.012 | 50.00 | 9.09 | -42.86 | -0.20 | $15,084,223 |
| DCN | Dacian Gold Ltd | 0.120 | 4.35 | 9.09 | 46.34 | 2.00 | $146,016,113 |
| FG1 | Flynngold | 0.062 | -4.62 | 8.77 | -41.07 | -3.80 | $8,182,955 |
| RGL | Riversgold | 0.013 | 8.33 | 8.33 | -63.89 | -1.70 | $12,366,399 |
| MBK | Metal Bank Ltd | 0.039 | -3.61 | 8.33 | 12.92 | 0.54 | $12,106,183 |
| AZS | Azure Minerals | 2.770 | 9.49 | 7.78 | 1578.79 | 254.50 | $1,195,441,554 |
| AQX | Alice Queen Ltd | 0.014 | 0.00 | 7.69 | -76.67 | -2.60 | $1,771,208 |
| MRR | Minrex Resources Ltd | 0.015 | 7.14 | 7.14 | -63.41 | -1.70 | $16,273,013 |
| RXL | Rox Resources | 0.230 | 15.00 | 6.98 | -8.00 | 5.50 | $81,007,214 |
| PNM | Pacific Nickel Mines | 0.092 | -8.00 | 6.36 | 2.22 | 0.90 | $37,784,032 |
| TNC | True North Copper | 0.190 | 0.00 | 5.56 | 287.76 | 13.70 | $49,369,876 |
| TMB | Tambourahmetals | 0.190 | -19.15 | 5.56 | 22.58 | 8.50 | $16,588,071 |
| HRZ | Horizon | 0.039 | 8.33 | 5.41 | -41.79 | -2.20 | $24,394,429 |
| BMO | Bastion Minerals | 0.022 | 4.76 | 4.76 | -75.82 | -1.20 | $4,213,761 |
| MKR | Manuka Resources. | 0.046 | -13.21 | 4.55 | -69.33 | -3.90 | $25,875,923 |
| IGO | IGO Limited | 12.665 | -1.90 | 4.50 | -7.15 | -79.50 | $9,291,676,066 |
| SNG | Siren Gold | 0.070 | -28.57 | 4.48 | -65.85 | -11.25 | $10,967,675 |
| HAV | Havilah Resources | 0.245 | -5.77 | 4.26 | -13.27 | -8.50 | $77,576,606 |
| AAU | Antilles Gold Ltd | 0.025 | -10.71 | 4.17 | -44.44 | -0.50 | $16,375,420 |
| GMR | Golden Rim Resources | 0.026 | -13.33 | 4.00 | -40.91 | -0.50 | $15,381,298 |
| MM8 | Medallion Metals. | 0.068 | -12.82 | 3.03 | -57.85 | -8.36 | $20,911,921 |
| S2R | S2 Resources | 0.175 | 6.06 | 2.94 | 29.63 | 0.50 | $69,715,559 |
| PNT | Panthermetalsltd | 0.070 | 12.90 | 2.94 | -63.84 | -11.89 | $4,280,500 |
| ADT | Adriatic Metals | 3.660 | 0.00 | 2.81 | 86.73 | 51.00 | $855,290,054 |
| EM2 | Eagle Mountain | 0.080 | -18.37 | 2.56 | -63.64 | -9.00 | $23,177,482 |
| KIN | KIN Min NL | 0.040 | 0.00 | 2.56 | -40.30 | -2.50 | $47,126,022 |
| SPR | Spartan Resources | 0.405 | 44.64 | 2.53 | 88.92 | 23.78 | $329,107,513 |
| SFM | Santa Fe Minerals | 0.044 | 0.00 | 2.33 | -48.24 | -3.60 | $3,131,208 |
| EMC | Everest Metals Corp | 0.118 | -12.96 | 2.17 | 17.50 | 3.85 | $15,660,765 |
| GED | Golden Deeps | 0.056 | -15.15 | 1.82 | -56.92 | -3.40 | $6,353,729 |
| SFR | Sandfire Resources | 6.190 | -1.12 | 1.64 | 73.75 | 75.00 | $2,769,373,968 |
| MGV | Musgrave Minerals | 0.390 | 20.00 | 1.30 | 62.50 | 18.00 | $230,571,100 |
| SXG | Southern Cross Gold | 0.800 | 63.27 | 1.27 | 201.89 | 0.00 | $70,243,386 |
| AAR | Astral Resources NL | 0.083 | 22.06 | 1.22 | 5.06 | 1.10 | $60,033,214 |
| KCN | Kingsgate Consolid. | 1.210 | -5.47 | 0.83 | -23.42 | -51.50 | $300,280,721 |
| ARL | Ardea Resources Ltd | 0.605 | -19.33 | 0.83 | -30.46 | -10.50 | $115,823,839 |
| ALK | Alkane Resources Ltd | 0.608 | -6.54 | 0.41 | -5.81 | 7.25 | $364,611,169 |
| NPM | Newpeak Metals | 0.001 | 0.00 | 0.00 | 0.00 | 0.00 | $9,995,579 |
| FFX | Firefinch Ltd | 0.200 | 0.00 | 0.00 | 0.00 | 0.00 | $236,569,315 |
| DCX | Discovex Res Ltd | 0.003 | 0.00 | 0.00 | -37.50 | -0.05 | $8,256,420 |
| GIB | Gibb River Diamonds | 0.027 | -3.57 | 0.00 | -50.91 | -3.30 | $5,710,755 |
| TMX | Terrain Minerals | 0.005 | -16.67 | 0.00 | -28.57 | -0.10 | $6,288,219 |
| FAU | First Au Ltd | 0.003 | 0.00 | 0.00 | -40.00 | -0.10 | $4,355,980 |
| PUA | Peak Minerals Ltd | 0.003 | 20.00 | 0.00 | -62.50 | -0.30 | $3,124,130 |
| SMS | Starmineralslimited | 0.040 | -11.11 | 0.00 | -54.55 | -3.20 | $1,450,112 |
| RND | Rand Mining Ltd | 1.300 | -6.81 | 0.00 | -13.33 | -6.00 | $73,938,749 |
| BMR | Ballymore Resources | 0.110 | -15.38 | 0.00 | -38.89 | -4.00 | $16,081,699 |
| LEX | Lefroy Exploration | 0.200 | 0.00 | 0.00 | -28.57 | -6.00 | $28,882,440 |
| ERM | Emmerson Resources | 0.063 | -5.97 | 0.00 | -17.11 | -1.20 | $34,316,717 |
| MLS | Metals Australia | 0.034 | -2.86 | 0.00 | -19.05 | -1.05 | $21,217,230 |
| AVM | Advance Metals Ltd | 0.006 | 20.00 | 0.00 | -50.00 | -0.40 | $3,531,352 |
| WRM | White Rock Min Ltd | 0.063 | 0.00 | 0.00 | -11.27 | -0.35 | $17,508,200 |
| ASR | Asra Minerals Ltd | 0.008 | 0.00 | 0.00 | -70.37 | -1.20 | $11,523,097 |
| MCT | Metalicity Limited | 0.002 | 0.00 | 0.00 | -50.00 | -0.10 | $7,472,172 |
| MHC | Manhattan Corp Ltd | 0.007 | -22.22 | 0.00 | -12.50 | 0.15 | $20,558,858 |
| SVG | Savannah Goldfields | 0.070 | 0.00 | 0.00 | -70.83 | -12.00 | $13,028,615 |
| GUL | Gullewa Limited | 0.055 | 0.00 | 0.00 | -8.33 | -0.50 | $10,767,521 |
| XTC | Xantippe Res Ltd | 0.001 | 0.00 | 0.00 | -79.17 | -0.20 | $17,528,005 |
| NML | Navarre Minerals Ltd | 0.019 | 0.00 | 0.00 | -56.82 | -2.20 | $28,555,654 |
| KZR | Kalamazoo Resources | 0.100 | -9.09 | 0.00 | -45.95 | -11.00 | $15,940,873 |
| BCN | Beacon Minerals | 0.024 | -4.00 | 0.00 | 4.35 | -0.40 | $90,162,436 |
| TBA | Tombola Gold Ltd | 0.026 | 0.00 | 0.00 | -25.71 | 0.00 | $33,129,243 |
| BM8 | Battery Age Minerals | 0.270 | -26.03 | 0.00 | -46.00 | -23.00 | $24,888,329 |
| FML | Focus Minerals Ltd | 0.170 | -15.00 | 0.00 | 41.67 | -8.50 | $48,714,970 |
| VRC | Volt Resources Ltd | 0.008 | -6.25 | 0.00 | -65.91 | -0.75 | $31,515,391 |
| HRN | Horizon Gold Ltd | 0.330 | 0.00 | 0.00 | 0.00 | 2.00 | $41,309,942 |
| QML | Qmines Limited | 0.100 | -16.67 | 0.00 | -25.93 | -6.50 | $20,712,460 |
| X64 | Ten Sixty Four Ltd | 0.570 | 0.00 | 0.00 | -5.00 | -7.00 | $130,184,182 |
| CBY | Canterbury Resources | 0.027 | -3.57 | 0.00 | -35.71 | -1.40 | $3,902,135 |
| TMZ | Thomson Res Ltd | 0.005 | 0.00 | 0.00 | -76.19 | -1.40 | $4,881,018 |
| WMC | Wiluna Mining Corp | 0.205 | 0.00 | 0.00 | 0.00 | 0.00 | $74,238,031 |
| GSN | Great Southern | 0.022 | 10.00 | 0.00 | -26.67 | -0.70 | $15,733,820 |
| MDI | Middle Island Res | 0.022 | -8.33 | 0.00 | -67.16 | -1.60 | $3,094,481 |
| POL | Polymetals Resources | 0.350 | 18.64 | 0.00 | 125.81 | 10.50 | $50,547,196 |
| HXG | Hexagon Energy | 0.009 | -10.00 | 0.00 | -43.75 | -0.80 | $4,616,243 |
| OBM | Ora Banda Mining Ltd | 0.100 | 21.95 | 0.00 | 66.67 | 1.60 | $170,205,227 |
| LCY | Legacy Iron Ore | 0.016 | 0.00 | 0.00 | -15.79 | -0.30 | $96,102,393 |
| CHZ | Chesser Resources | 0.105 | -4.55 | 0.00 | 32.91 | 2.00 | $65,818,414 |
| NES | Nelson Resources. | 0.006 | -25.00 | 0.00 | -48.57 | -0.10 | $3,681,566 |
| PKO | Peako Limited | 0.006 | -25.00 | 0.00 | -70.00 | -0.85 | $2,824,389 |
| GNM | Great Northern | 0.024 | -7.69 | 0.00 | -60.00 | -3.60 | $3,711,098 |
| BTR | Brightstar Resources | 0.012 | 0.00 | 0.00 | -25.00 | -0.50 | $20,724,167 |
| ENR | Encounter Resources | 0.285 | -20.83 | 0.00 | 137.50 | 10.50 | $118,657,734 |
| AYM | Australia United Min | 0.003 | 0.00 | 0.00 | -25.00 | 0.00 | $5,527,732 |
| ANL | Amani Gold Ltd | 0.001 | 0.00 | 0.00 | 0.00 | 0.00 | $25,143,441 |
| CLZ | Classic Min Ltd | 0.001 | 0.00 | 0.00 | -94.12 | -0.85 | $12,046,242 |
| ORN | Orion Minerals Ltd | 0.019 | 0.00 | 0.00 | 18.75 | 0.30 | $108,047,326 |
| AZY | Antipa Minerals Ltd | 0.012 | -14.29 | 0.00 | -52.00 | -0.90 | $43,798,336 |
| PXX | Polarx Limited | 0.010 | 11.11 | 0.00 | 11.11 | -1.00 | $14,036,551 |
| EMR | Emerald Res NL | 2.660 | 15.65 | -0.37 | 148.60 | 147.50 | $1,581,474,778 |
| RMS | Ramelius Resources | 1.463 | 17.00 | -0.51 | 126.74 | 53.25 | $1,578,888,920 |
| RED | Red 5 Limited | 0.263 | 25.00 | -0.94 | 38.16 | 5.75 | $900,169,205 |
| HMG | Hamelingoldlimited | 0.084 | -6.67 | -1.18 | -30.00 | -6.10 | $13,230,000 |
| MAU | Magnetic Resources | 0.800 | -11.11 | -1.23 | -15.79 | -6.00 | $189,563,228 |
| BNR | Bulletin Res Ltd | 0.075 | 44.23 | -1.32 | -37.50 | -1.80 | $21,725,741 |
| RSG | Resolute Mining | 0.345 | -2.82 | -1.43 | 92.52 | 14.50 | $702,572,168 |
| TBR | Tribune Res Ltd | 3.250 | 0.00 | -1.52 | -8.19 | -78.00 | $170,521,250 |
| GOR | Gold Road Res Ltd | 1.640 | -0.30 | -2.09 | 38.98 | -5.00 | $1,730,866,333 |
| MEI | Meteoric Resources | 0.230 | 17.95 | -2.13 | 1542.86 | 17.70 | $446,351,139 |
| AME | Alto Metals Limited | 0.046 | -8.00 | -2.13 | -29.23 | -2.10 | $32,853,204 |
| A1G | African Gold Ltd. | 0.041 | -12.77 | -2.38 | -37.82 | -4.20 | $6,941,760 |
| BGD | Bartongoldholdings | 0.200 | -6.98 | -2.44 | 42.86 | 0.00 | $40,054,112 |
| PRU | Perseus Mining Ltd | 1.663 | -6.07 | -2.49 | 17.08 | -44.75 | $2,251,431,188 |
| DLI | Delta Lithium | 0.770 | -0.65 | -2.53 | 14.93 | 29.50 | $399,494,001 |
| NSM | Northstaw | 0.034 | -47.69 | -2.86 | -75.71 | -12.10 | $4,084,318 |
| FEG | Far East Gold | 0.165 | -32.65 | -2.94 | -76.26 | -31.50 | $31,606,087 |
| AUC | Ausgold Limited | 0.032 | 0.00 | -3.03 | -20.00 | -1.50 | $73,476,519 |
| TMS | Tennant Minerals Ltd | 0.031 | 6.90 | -3.13 | -6.06 | 0.00 | $22,023,569 |
| NST | Northern Star | 10.485 | -8.59 | -3.19 | 46.23 | -42.50 | $11,804,972,806 |
| GAL | Galileo Mining Ltd | 0.295 | -35.16 | -3.28 | -74.89 | -58.50 | $60,275,603 |
| KAL | Kalgoorliegoldmining | 0.029 | 11.54 | -3.33 | -75.83 | -5.40 | $4,453,022 |
| GML | Gateway Mining | 0.029 | -19.44 | -3.33 | -66.67 | -3.10 | $7,723,673 |
| WWI | West Wits Mining Ltd | 0.014 | -12.50 | -3.45 | -6.67 | -0.20 | $32,498,210 |
| KSN | Kingston Resources | 0.080 | 2.56 | -3.61 | -6.98 | -0.10 | $39,836,947 |
| CMM | Capricorn Metals | 4.160 | -2.58 | -3.70 | 53.51 | -44.00 | $1,533,909,354 |
| SPQ | Superior Resources | 0.026 | -25.71 | -3.70 | -48.00 | -3.00 | $45,863,844 |
| VMC | Venus Metals Cor Ltd | 0.125 | 8.70 | -3.85 | 38.71 | 4.65 | $23,716,085 |
| YRL | Yandal Resources | 0.049 | -16.95 | -3.92 | -66.24 | -4.90 | $7,732,351 |
| KRM | Kingsrose Mining Ltd | 0.048 | -29.41 | -4.00 | -4.00 | -1.70 | $36,873,799 |
| ALY | Alchemy Resource Ltd | 0.012 | -4.17 | -4.17 | -42.50 | -1.15 | $14,136,915 |
| LM8 | Lunnonmetalslimited | 0.775 | -12.92 | -4.32 | -6.63 | -12.00 | $150,643,146 |
| BNZ | Benzmining | 0.440 | 10.00 | -4.35 | 1.15 | 3.00 | $48,828,329 |
| CLA | Celsius Resource Ltd | 0.011 | 0.00 | -4.35 | -15.38 | -0.50 | $24,706,568 |
| SKY | SKY Metals Ltd | 0.043 | 13.16 | -4.44 | -14.00 | -0.50 | $19,840,118 |
| AM7 | Arcadia Minerals | 0.105 | -8.70 | -4.55 | -61.11 | -10.00 | $10,997,448 |
| VKA | Viking Mines Ltd | 0.011 | 16.67 | -4.55 | 50.00 | 0.05 | $10,765,214 |
| THR | Thor Energy PLC | 0.040 | 0.00 | -4.76 | -55.56 | -2.00 | $5,326,255 |
| WAF | West African Res Ltd | 0.775 | -8.28 | -4.91 | -19.69 | -40.00 | $754,193,112 |
| MI6 | Minerals260Limited | 0.465 | 5.68 | -5.10 | 82.35 | 12.50 | $107,640,000 |
| LYN | Lycaonresources | 0.275 | 14.58 | -5.17 | -8.33 | 0.00 | $11,619,938 |
| GRL | Godolphin Resources | 0.036 | 0.00 | -5.26 | -58.90 | -4.66 | $6,092,713 |
| TTM | Titan Minerals | 0.036 | -28.00 | -5.26 | -44.62 | -3.10 | $54,506,471 |
| WGX | Westgold Resources. | 1.705 | 13.29 | -5.28 | 128.86 | 83.00 | $800,422,414 |
| KAU | Kaiser Reef | 0.175 | -2.78 | -5.41 | 12.90 | 1.00 | $26,617,901 |
| SVL | Silver Mines Limited | 0.170 | 0.00 | -5.56 | 3.03 | -3.00 | $238,736,464 |
| NXM | Nexus Minerals Ltd | 0.050 | -20.90 | -5.66 | -71.07 | -14.75 | $16,598,119 |
| AAJ | Aruma Resources Ltd | 0.032 | -21.95 | -5.88 | -43.86 | -2.10 | $6,300,528 |
| CAI | Calidus Resources | 0.155 | -8.82 | -6.06 | -68.69 | -11.50 | $97,260,778 |
| REZ | Resourc & En Grp Ltd | 0.015 | 0.00 | -6.25 | -25.00 | -0.10 | $7,497,087 |
| NWM | Norwest Minerals | 0.030 | -21.05 | -6.25 | -9.09 | -2.40 | $9,489,794 |
| OAU | Ora Gold Limited | 0.008 | 7.14 | -6.25 | 50.00 | 0.25 | $38,235,605 |
| HCH | Hot Chili Ltd | 1.180 | -8.17 | -6.35 | 32.58 | 30.50 | $137,361,987 |
| IDA | Indiana Resources | 0.058 | 1.75 | -6.45 | -9.38 | 0.30 | $31,604,888 |
| SVY | Stavely Minerals Ltd | 0.070 | -15.66 | -6.67 | -54.84 | -17.50 | $26,422,397 |
| TIE | Tietto Minerals | 0.335 | -32.32 | -6.94 | -22.99 | -37.00 | $358,884,072 |
| CEL | Challenger Gold Ltd | 0.080 | 2.56 | -6.98 | -52.94 | -9.50 | $95,349,223 |
| EVN | Evolution Mining Ltd | 3.310 | -7.54 | -7.02 | 75.13 | 33.00 | $5,970,847,571 |
| IVR | Investigator Res Ltd | 0.039 | -13.33 | -7.14 | -4.88 | -0.30 | $57,486,801 |
| NAE | New Age Exploration | 0.007 | 30.00 | -7.14 | -27.78 | -0.05 | $10,051,292 |
| LCL | LCL Resources Ltd | 0.026 | -16.13 | -7.14 | -8.96 | -3.11 | $21,446,220 |
| AGC | AGC Ltd | 0.065 | 14.04 | -7.14 | -7.14 | 0.50 | $6,400,000 |
| SAU | Southern Gold | 0.013 | -18.75 | -7.14 | -56.67 | -1.20 | $6,321,709 |
| TLM | Talisman Mining | 0.130 | -7.14 | -7.14 | -5.45 | -1.00 | $24,481,645 |
| GMD | Genesis Minerals | 1.420 | -7.79 | -7.19 | 59.55 | 17.00 | $1,432,149,943 |
| SLR | Silver Lake Resource | 0.835 | -8.24 | -7.22 | -21.60 | -35.00 | $761,816,631 |
| BGL | Bellevue Gold Ltd | 1.400 | -9.97 | -7.28 | 102.90 | 27.00 | $1,566,671,780 |
| RRL | Regis Resources | 1.483 | -4.35 | -7.34 | 4.04 | -57.75 | $1,095,241,272 |
| TAM | Tanami Gold NL | 0.037 | 0.00 | -7.50 | -7.50 | -0.20 | $43,478,591 |
| GSM | Golden State Mining | 0.037 | 15.63 | -7.50 | -21.28 | -0.60 | $6,879,178 |
| IPT | Impact Minerals | 0.012 | -14.29 | -7.69 | 71.43 | 0.50 | $37,241,151 |
| KCC | Kincora Copper | 0.036 | -14.29 | -7.69 | -47.06 | -3.70 | $5,773,646 |
| DTR | Dateline Resources | 0.012 | -29.41 | -7.69 | -85.88 | -2.50 | $12,396,200 |
| WA8 | Warriedarresourltd | 0.070 | -16.67 | -7.89 | -50.00 | -10.00 | $34,091,117 |
| MEK | Meeka Metals Limited | 0.046 | -8.00 | -8.00 | -20.69 | -2.20 | $50,701,611 |
| NMR | Native Mineral Res | 0.044 | -21.43 | -8.33 | -69.66 | -6.60 | $8,867,568 |
| AMI | Aurelia Metals Ltd | 0.088 | 14.29 | -8.33 | -52.69 | -3.12 | $143,245,673 |
| MVL | Marvel Gold Limited | 0.011 | -8.33 | -8.33 | -56.00 | -1.50 | $8,637,907 |
| ZAG | Zuleika Gold Ltd | 0.011 | -15.38 | -8.33 | -42.11 | -1.00 | $6,276,608 |
| USL | Unico Silver Limited | 0.088 | -20.00 | -8.33 | -26.67 | -8.20 | $25,460,437 |
| NCM | Newcrest Mining | 24.520 | -3.69 | -8.54 | 52.58 | 388.00 | $21,854,999,090 |
| AUT | Auteco Minerals | 0.032 | 0.00 | -8.57 | -11.11 | -1.90 | $87,773,247 |
| NAG | Nagambie Resources | 0.021 | -25.00 | -8.70 | -72.37 | -4.50 | $11,634,526 |
| KTA | Krakatoa Resources | 0.021 | -19.23 | -8.70 | -66.67 | -2.30 | $10,872,448 |
| SBM | St Barbara Limited | 0.183 | 4.29 | -8.75 | -37.89 | -15.49 | $143,144,817 |
| CST | Castile Resources | 0.051 | -19.05 | -8.93 | -53.64 | -4.40 | $12,337,024 |
| CHN | Chalice Mining Ltd | 2.310 | -54.35 | -9.06 | -37.23 | -399.00 | $859,608,902 |
| G88 | Golden Mile Res Ltd | 0.030 | -11.76 | -9.09 | 19.16 | 0.97 | $9,552,296 |
| ADN | Andromeda Metals Ltd | 0.020 | -35.48 | -9.09 | -54.55 | -2.40 | $59,090,160 |
| ADV | Ardiden Ltd | 0.005 | -16.67 | -9.09 | -28.57 | -0.20 | $14,785,844 |
| KAI | Kairos Minerals Ltd | 0.020 | -16.67 | -9.09 | -29.03 | -0.09 | $52,418,244 |
| CDT | Castle Minerals | 0.010 | 0.00 | -9.09 | -62.96 | -1.10 | $10,120,437 |
| BEZ | Besragoldinc | 0.150 | -14.29 | -9.09 | 290.16 | 9.80 | $52,921,085 |
| MOM | Moab Minerals Ltd | 0.010 | -9.09 | -9.09 | -28.57 | 0.10 | $7,119,635 |
| TSO | Tesoro Gold Ltd | 0.019 | 5.56 | -9.52 | -39.94 | -1.70 | $20,018,639 |
| PGO | Pacgold | 0.190 | -30.91 | -9.52 | -59.14 | -17.00 | $16,331,387 |
| DEG | De Grey Mining | 1.115 | -21.20 | -9.72 | 14.36 | -17.00 | $1,741,405,350 |
| SSR | SSR Mining Inc. | 20.640 | -7.94 | -9.87 | 1.13 | -241.00 | $427,649,491 |
| MRZ | Mont Royal Resources | 0.180 | -14.29 | -10.00 | -21.74 | 0.50 | $14,813,088 |
| GSR | Greenstone Resources | 0.009 | -25.00 | -10.00 | -84.75 | -2.30 | $13,654,163 |
| NVA | Nova Minerals Ltd | 0.220 | -21.43 | -10.20 | -66.67 | -46.00 | $50,613,591 |
| MAT | Matsa Resources | 0.026 | -25.71 | -10.34 | -27.78 | -1.10 | $12,843,199 |
| TGM | Theta Gold Mines Ltd | 0.130 | 4.00 | -10.34 | 100.00 | 6.20 | $105,761,251 |
| CTO | Citigold Corp Ltd | 0.004 | -20.00 | -11.11 | -33.33 | -0.20 | $11,494,636 |
| CPM | Coopermetalslimited | 0.120 | -4.00 | -11.11 | -60.00 | -11.50 | $6,386,118 |
| GBR | Greatbould Resources | 0.055 | -23.61 | -11.29 | -39.18 | -3.54 | $26,276,098 |
| RDN | Raiden Resources Ltd | 0.031 | 24.00 | -11.43 | 307.89 | 2.63 | $64,103,195 |
| GWR | GWR Group Ltd | 0.084 | -10.64 | -11.58 | 5.00 | 2.50 | $26,982,199 |
| BYH | Bryah Resources Ltd | 0.015 | -16.67 | -11.76 | -33.96 | -1.07 | $5,379,079 |
| GBZ | GBM Rsources Ltd | 0.015 | -11.76 | -11.76 | -59.46 | -2.80 | $9,304,827 |
| SLZ | Sultan Resources Ltd | 0.021 | -25.00 | -12.50 | -76.14 | -6.40 | $3,111,991 |
| SRN | Surefire Rescs NL | 0.014 | -6.67 | -12.50 | 16.67 | 0.20 | $23,119,089 |
| SMI | Santana Minerals Ltd | 0.525 | -8.70 | -12.50 | -19.23 | -13.00 | $94,529,791 |
| ADG | Adelong Gold Limited | 0.007 | -22.22 | -12.50 | -30.00 | 0.00 | $4,174,256 |
| DRE | Dreadnought Resources Ltd | 0.047 | 11.90 | -12.96 | -53.00 | -5.80 | $174,685,067 |
| HMX | Hammer Metals Ltd | 0.046 | -11.54 | -13.21 | -4.17 | -2.20 | $40,774,738 |
| PGD | Peregrine Gold | 0.260 | -3.70 | -13.33 | -55.80 | -12.56 | $15,167,955 |
| CY5 | Cygnus Metals Ltd | 0.160 | -13.51 | -13.51 | -36.00 | -22.00 | $44,956,609 |
| GMN | Gold Mountain Ltd | 0.006 | -33.33 | -14.29 | -25.00 | -0.10 | $14,749,011 |
| LRL | Labyrinth Resources | 0.006 | 0.00 | -14.29 | -70.38 | -1.04 | $7,125,262 |
| PUR | Pursuit Minerals | 0.009 | -18.18 | -14.29 | -25.00 | -0.70 | $29,439,714 |
| PDI | Predictive Disc Ltd | 0.193 | 4.05 | -14.44 | 16.67 | 1.25 | $413,648,818 |
| CAZ | Cazaly Resources | 0.035 | -20.45 | -14.63 | -2.78 | 0.10 | $13,430,102 |
| TCG | Turaco Gold Limited | 0.051 | -15.00 | -15.00 | 6.25 | -0.70 | $25,638,550 |
| PNR | Pantoro Limited | 0.038 | -26.92 | -15.56 | -76.25 | -5.80 | $187,345,099 |
| STN | Saturn Metals | 0.135 | -15.63 | -15.63 | -44.50 | -4.50 | $22,615,405 |
| BC8 | Black Cat Syndicate | 0.210 | -20.75 | -16.00 | -33.33 | -14.50 | $63,156,055 |
| SPD | Southernpalladium | 0.410 | 41.38 | -16.33 | -56.84 | -40.00 | $17,662,114 |
| PNX | PNX Metals Limited | 0.003 | -16.67 | -16.67 | -33.33 | -0.17 | $13,451,562 |
| AL8 | Alderan Resource Ltd | 0.010 | 0.00 | -16.67 | 0.00 | 0.30 | $5,858,599 |
| EMU | EMU NL | 0.003 | 25.00 | -16.67 | -55.36 | -0.24 | $4,350,064 |
| MEG | Megado Minerals Ltd | 0.039 | -23.53 | -17.02 | -51.25 | -0.60 | $9,923,767 |
| TG1 | Techgen Metals Ltd | 0.029 | -38.30 | -17.14 | -79.29 | -5.30 | $2,083,544 |
| M24 | Mamba Exploration | 0.047 | -21.67 | -17.54 | -62.40 | -9.80 | $2,866,217 |
| ARV | Artemis Resources | 0.028 | -6.67 | -17.65 | -39.13 | 0.30 | $44,097,714 |
| GPR | Geopacific Resources | 0.014 | -12.50 | -17.65 | -79.06 | -1.80 | $11,496,676 |
| ICL | Iceni Gold | 0.073 | -21.51 | -17.98 | -23.96 | -0.70 | $17,749,429 |
| SBR | Sabre Resources | 0.036 | -25.00 | -18.18 | -40.00 | -0.20 | $10,493,503 |
| TAR | Taruga Minerals | 0.009 | -18.18 | -18.18 | -70.00 | -1.50 | $6,354,241 |
| ASO | Aston Minerals Ltd | 0.030 | -36.17 | -18.92 | -62.03 | -5.00 | $40,815,390 |
| BAT | Battery Minerals Ltd | 0.030 | -55.88 | -18.92 | -77.78 | -9.00 | $3,588,135 |
| XAM | Xanadu Mines Ltd | 0.072 | -28.00 | -19.10 | 166.67 | 4.30 | $111,372,045 |
| M2R | Miramar | 0.038 | -13.64 | -19.15 | -56.03 | -3.80 | $6,103,651 |
| ANX | Anax Metals Ltd | 0.036 | -40.00 | -21.74 | -40.00 | -1.70 | $15,906,445 |
| ARN | Aldoro Resources | 0.086 | -31.20 | -21.82 | -60.00 | -7.40 | $11,577,642 |
| MZZ | Matador Mining Ltd | 0.044 | -20.00 | -22.81 | -56.00 | -7.10 | $15,771,702 |
| HAW | Hawthorn Resources | 0.092 | -20.00 | -23.33 | -1.08 | -2.30 | $33,501,561 |
| BBX | BBX Minerals Ltd | 0.026 | -29.73 | -23.53 | -55.93 | -7.90 | $13,978,834 |
| TRE | Toubaniresourcesinc | 0.094 | -32.86 | -24.80 | -6.60 | $12,340,529 | |
| SIH | Sihayo Gold Limited | 0.002 | -25.00 | -25.00 | -50.00 | -0.05 | $18,306,384 |
| CDR | Codrus Minerals Ltd | 0.068 | -12.82 | -26.09 | -9.33 | -6.20 | $4,774,770 |
| MKG | Mako Gold | 0.014 | -41.67 | -30.00 | -72.55 | -2.60 | $8,064,115 |
| OZM | Ozaurum Resources | 0.098 | 127.91 | -30.00 | -2.00 | 3.20 | $17,462,500 |
| DTM | Dart Mining NL | 0.019 | -36.67 | -34.48 | -74.32 | -3.60 | $3,287,232 |
Top ASX Stories This Week
DE GREY MINING (ASX:DEG)
At the top of the list this week – understandably so – is the news that DEG has confirmed development plans for what will become one of Australia’s biggest gold mines, Hemi.
The freshly released definite feasibility study (DFS) pegs the development of a 9.5Moz Au resource that will deliver 530,000ozpa over the first decade and 553,000oz across its first five years from a monster 6Moz reserve grading @ 1.5g/t.
Once developed, it will become the third-largest gold mine in Australia behind Newmont’s Boddington and its soon-to-be-owned Cadia project.
On the same day (yesterday) the news of the DFS was released to the market, it has gone to market to raise $300m for development costs, which us here at Stockhead think might be a move by De Grey to shield it from a takeover by, well, take your pick – any mining major would chomp at the bit to get involved.
Although stocking up in the placement was Gold Road Resources (ASX:GOR), the dividend-paying half-owner of the Gruyere gold mine which has maintained a 19.9% stake in De Grey.
While both have similar market caps at around $1.75 billion, it keeps Gold Road’s foot in the door for any M & A activity that may come for the mega gold project.
That grading number might look small, yet it’s the low all-in sustaining costs (AISC) of $1,295 over that 10-year period that’s the real kicker – especially when in Aussie dollars, gold is currently buoyant around the $2,950 mark and shows no signs of abating long term.
Post-tax, Hemi will pay back the project in 1.8 years and contribute a whopping $10.8bn in revenue across the Pilbara and the rest of Australia.
STRICKLAND METALS (ASX:STK)
Soaring goldie STK has found a new prospect area – Pegasus – after datasets highlighted a ~3km-long undrilled strike zone extending out from its Marwari and Palomino prospects, and reckons it could potentially dwarf its already significant finds at Marwari.
Back at Palomino, Another round of AC drilling at Palomino has extended the mineralised footprint to 700m in strike length, with significant intercepts of 39m @ 6.1g/t Au from 25m, including 7m @ 22.2g/t Au, as well as 5m @ 2.8g/t Au from 59m.
Drill rigs are currently being Tetris’d around to test this new theory.
“An RC rig is now booked to arrive on site in the last week of October. The rig will be focused on drilling at Marwari, while also following up any significant intersections at Pegasus,” STK CEO Andrew Bray says.
While De Grey Mining and Strickland Metals are Stockhead advertisers, they did not sponsor this article.
