Gold Digger: Does your ASX stock portfolio look like crap? It may be time to diversify into gold

Mining Reuben Adams
gold outperforms asx

Pic: Daniel Megias, iStock / Getty Images Plus

  • Gold has substantially outperformed stocks in 2022
  • Metals Focus expects that trend to continue in the second half
  • Weekly small cap ASX standouts: Amani Gold, Inca Minerals

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

 

The global economic outlook is darkening, according to economists and other people who ostensibly know what they’re talking about.

The war in Ukraine shows no sign of easing, China has COVID, lettuce crops have been obliterated, and inflationary pressures are forcing central banks to hoik rates faster than expected.

This confluence of events has seen stock prices suffer.

Our benchmark ASX 200 index is down 8.44% year-to-date, which looks fairly good against the NASDAQ (25.76%) and the S&P 500 (-16.4%).

Meanwhile, the gold price has been eerily stable at ~$US1,850/oz of late, with gold ETFs easily outperforming the share market in 2022.

SPDR Gold Shares GL – the largest exchange-traded fund backed by physical bullion – is up almost 3% year-to-date.

Safe haven activated.

“The first five months of 2022 have seen exceptional volatility across many assets, with US equities for instance entering bearish territory before its recent bounce back,” precious metals consultancy Metals Focus says.

“Against this backdrop, gold’s role as a hedge and portfolio diversifier has stood out.

“The price initially rallied strongly after the [Ukraine] war began.

“Even though an increasingly hawkish Fed, a rising dollar and a wider sell-off in assets then weighed on gold, the price in early June is trading close to its level at the start of the year, outperforming equities, and bonds.”

 

What happens to gold in the second half?

Gold could soften but will continue to perform better than equities in the second half, Metals Focus says.

With economies slowing and inflation stubbornly high, the risk of stagflation is growing, while other systemic risks abound.

This should continue to encourage many investors to diversify into gold, Metals Focus says.

“Even at our forecast $US1,670 trough in late 2022, gold will be only 9% lower than at end-2021,” it says.

“Against this we expect to see double-digit declines for equities, high yield bonds and very possibly also investment-grade bonds.

“Importantly, at $1,830 in 2022, our full year average gold price forecast is an all-time high.”

 

Winners & Losers

Here’s how ASX-listed gold & silver 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 1 WEEK RETURN % 1 MONTH RETURN % 6 MONTHS RETURN % 1 MONTH RETURN % PRICE MARKET CAP
ANL Amani Gold Ltd 50% -25% 50% 50% 0.0015 $34,940,161.69
ICG Inca Minerals Ltd 36% 17% 7% -22% 0.105 $50,563,792.34
DDD 3D Resources Limited 20% 0% -25% -40% 0.003 $12,545,616.28
SVY Stavely Minerals Ltd 16% 3% -29% -33% 0.355 $93,946,122.72
ENR Encounter Resources 15% 7% 15% -13% 0.15 $49,168,608.03
GSN Great Southern 15% -4% -25% -8% 0.046 $22,359,417.61
SI6 SI6 Metals Limited 14% -11% -11% -27% 0.008 $11,425,151.88
PNM Pacific Nickel Mines 12% 5% 11% 68% 0.084 $22,787,171.90
HAV Havilah Resources 11% 74% 69% 13% 0.295 $92,942,027.10
MDI Middle Island Res 11% 7% 56% 43% 0.15 $19,586,915.52
E2M E2 Metals 9% -3% -42% -46% 0.175 $34,848,156.53
PAK Pacific American Hld 9% -8% -33% -36% 0.012 $5,734,528.82
TG1 Techgen Metals Ltd 7% 3% -14% -32% 0.15 $6,749,035.73
GTR Gti Energy Ltd 6% 6% -35% -27% 0.017 $26,025,029.05
FML Focus Minerals Ltd 6% -18% -28% -37% 0.18 $51,580,556.10
MM8 Medallion Metals. 5% 14% 53% -13% 0.29 $30,751,500.24
RND Rand Mining Ltd 5% -1% -1% 4% 1.49 $84,745,181.89
MKR Manuka Resources. 5% 0% -30% -41% 0.22 $23,040,757.74
DTR Dateline Resources 5% 0% 38% 5% 0.11 $48,736,644.00
TAR Taruga Minerals 4% 41% -31% -58% 0.024 $14,451,206.00
CYL Catalyst Metals 4% -6% -29% -23% 1.53 $151,622,467.92
TMZ Thomson Res Ltd 4% -7% -55% -81% 0.027 $18,497,578.04
TAM Tanami Gold NL 4% -2% -16% -26% 0.054 $63,455,240.48
AZS Azure Minerals 4% 9% -17% 9% 0.295 $93,220,716.30
OKU Oklo Resources Ltd 3% 88% 0% 20% 0.15 $78,196,954.25
ERM Emmerson Resources 3% -3% -36% 32% 0.096 $51,202,720.07
MEU Marmota Limited 3% 25% 51% 51% 0.065 $65,665,448.17
PGO Pacgold 3% 3% 14% 0% 0.65 $34,076,325.30
CST Castile Resources 3% -13% -13% -19% 0.17 $33,950,720.57
AAU Antilles Gold Ltd 3% 14% 6% 3% 0.072 $25,445,157.19
CAZ Cazaly Resources 3% -4% -14% -33% 0.037 $13,720,406.34
KAU Kaiser Reef 3% 3% 0% -36% 0.19 $23,304,728.52
SAU Southern Gold 3% -19% -30% -51% 0.039 $8,319,821.48
CDR Codrus Minerals Ltd 2% 5% -41% 0% 0.086 $3,400,000.00
QML Qmines Limited 2% -8% -35% -34% 0.23 $14,634,769.38
KNB Koonenberrygold 2% -3% -41% 0% 0.092 $6,877,836.10
GMD Genesis Minerals 2% 6% -1% 123% 1.49 $380,864,032.36
BGL Bellevue Gold Ltd 2% 1% 7% 8% 0.85 $897,345,688.62
LEX Lefroy Exploration 2% 7% -9% -75% 0.305 $43,762,400.40
BRV Big River Gold Ltd 1% 0% 42% -15% 0.34 $75,475,188.89
SLR Silver Lake Resource 0% 1% -3% -11% 1.54 $1,474,317,787.34
NPM Newpeak Metals 0% 0% -33% -50% 0.001 $8,853,750.03
G88 Golden Mile Res Ltd 0% 4% 2% -18% 0.05 $9,982,898.09
NMR Native Mineral Res 0% -3% -20% -36% 0.185 $8,163,761.40
PNX PNX Metals Limited 0% 0% -14% -35% 0.005 $22,220,289.04
TMX Terrain Minerals 0% -9% 25% 11% 0.01 $7,607,610.09
PUA Peak Minerals Ltd 0% 0% -10% -41% 0.012 $12,496,449.01
AWV Anova Metals Ltd 0% -8% -33% -48% 0.012 $17,977,130.40
WRM White Rock Min Ltd 0% -14% -49% -79% 0.12 $21,708,643.00
MCT Metalicity Limited 0% -27% -54% -65% 0.004 $13,829,533.02
CTO Citigold Corp Ltd 0% 0% -33% -45% 0.006 $17,001,954.55
TRY Troy Resources Ltd 0% 0% 0% -3% 0.037 $31,631,563.33
KGM Kalnorth Gold Ltd 0% 0% 0% 0% 0.013 $11,625,120.78
CGN Crater Gold Min Ltd 0% 0% 0% -6% 0.017 $21,063,473.65
TSC Twenty Seven Co. Ltd 0% -25% -25% -33% 0.003 $7,982,441.72
GUL Gullewa Limited 0% -9% -1% -21% 0.068 $12,981,410.80
CY5 Cygnus Gold Limited 0% 13% -13% 21% 0.17 $19,467,576.98
AGS Alliance Resources 0% 0% -3% 24% 0.175 $40,953,448.03
VKA Viking Mines Ltd 0% -30% -61% -77% 0.007 $7,176,809.02
MTH Mithril Resources 0% -20% -60% -60% 0.006 $18,981,514.77
XTC Xantippe Res Ltd 0% -10% 80% 350% 0.009 $69,147,512.09
MZZ Matador Mining Ltd 0% -28% -54% -68% 0.17 $38,065,913.38
FG1 Flynngold 0% -10% -26% 0% 0.13 $8,327,936.50
GMN Gold Mountain Ltd 0% -8% -60% -83% 0.006 $7,158,895.02
DGO DGO Gold Limited 0% -6% 1% -18% 2.79 $239,933,199.22
PF1 Pathfinder Resources 0% 0% 79% 52% 0.5 $26,560,505.00
TBR Tribune Res Ltd 0% -10% -19% -21% 3.98 $208,822,946.46
HRN Horizon Gold Ltd 0% -3% -8% -21% 0.35 $44,533,814.04
RDN Raiden Resources Ltd 0% -9% -58% -67% 0.01 $14,174,421.32
SFM Santa Fe Minerals 0% -5% -17% 0% 0.1 $7,281,878.90
X64 Ten Sixty Four Ltd 0% 3% 4% -21% 0.735 $169,827,444.25
HAW Hawthorn Resources 0% -8% 22% 113% 0.115 $35,019,139.37
CBY Canterbury Resources 0% -19% -40% -48% 0.05 $6,036,727.97
LYN Lycaonresources 0% 17% 26% 0% 0.44 $13,744,687.50
WMC Wiluna Mining Corp 0% 0% -45% -43% 0.48251 $101,961,574.11
RDS Redstone Resources 0% -22% -50% -59% 0.007 $4,789,410.57
HXG Hexagon Energy 0% -7% -65% -70% 0.027 $13,848,729.33
VAN Vango Mining Ltd 0% 9% -16% -25% 0.048 $62,996,881.60
AVW Avira Resources Ltd 0% -20% -20% -27% 0.004 $8,475,160.00
LCY Legacy Iron Ore 0% -8% -15% 47% 0.022 $140,950,176.38
GML Gateway Mining 0% 0% -27% -45% 0.011 $24,861,170.04
SBR Sabre Resources 0% 0% 25% 0% 0.005 $12,553,789.54
XAM Xanadu Mines Ltd 0% -7% -10% -42% 0.026 $36,718,765.59
BTR Brightstar Resources 0% -12% -48% -34% 0.023 $14,877,799.99
DLC Delecta Limited 0% 0% -15% 83% 0.011 $13,253,995.76
AYM Australia United Min 0% -25% -25% -14% 0.006 $11,055,464.91
BRB Breaker Res NL 0% -9% -33% 20% 0.21 $66,797,390.45
FEG Far East Gold 0% -13% 0% 0% 0.33 $38,441,721.15
SFR Sandfire Resources 0% 4% -11% -20% 5.46 $2,324,597,333.31
WAF West African Res Ltd 0% 4% -2% 29% 1.285 $1,347,759,260.76
SSR SSR Mining Inc. -1% -10% 8% 22% 27.32 $547,532,236.20
PDI Predictive Disc Ltd -1% -9% -25% 88% 0.1875 $308,307,494.04
MRZ Mont Royal Resources -1% 3% -12% 12% 0.335 $19,440,425.79
GMR Golden Rim Resources -2% -9% -31% -59% 0.062 $19,148,717.16
CMM Capricorn Metals -2% -4% 20% 77% 3.49 $1,337,689,558.80
TBA Tombola Gold Ltd -2% -20% 63% 13% 0.052 $48,717,733.37
MAT Matsa Resources -2% -9% -2% -35% 0.05 $17,947,731.00
TRM Truscott Mining Corp -2% 0% 60% 92% 0.048 $7,293,194.11
CEL Challenger Exp Ltd -2% -21% -20% -17% 0.225 $220,895,210.36
CPM Coopermetalslimited -2% 38% 138% 0% 0.44 $12,023,900.00
AM7 Arcadia Minerals -2% -4% 13% 0% 0.215 $7,523,387.50
LM8 Lunnonmetalslimited -2% -12% 119% 0% 0.82 $90,647,804.78
MKG Mako Gold -2% 0% -33% -13% 0.08 $30,579,328.16
AGG AngloGold Ashanti -2% -13% -13% -17% 4.79 $429,981,427.30
ZNC Zenith Minerals Ltd -3% -1% 62% 55% 0.365 $132,403,099.68
AAJ Aruma Resources Ltd -3% -17% -5% 8% 0.07 $10,830,343.71
DCN Dacian Gold Ltd -3% -13% 3% -40% 0.17 $195,313,871.34
STK Strickland Metals -3% -7% 5% 94% 0.068 $87,115,797.36
MOH Moho Resources -3% -27% -45% -57% 0.033 $5,747,791.07
TLM Talisman Mining -3% 0% 0% -26% 0.16 $30,038,319.52
CHZ Chesser Resources -3% -1% -15% -42% 0.093 $55,871,695.45
GOR Gold Road Res Ltd -3% -10% -15% -14% 1.23 $1,135,569,299.35
ANX Anax Metals Ltd -3% 7% -3% 1% 0.092 $39,345,931.52
PGD Peregrine Gold -3% -5% 17% 22% 0.42 $16,654,701.02
SKY SKY Metals Ltd -4% -7% -17% -37% 0.082 $32,780,161.89
OKR Okapi Resources -4% 0% -34% 24% 0.26 $33,970,360.17
AME Alto Metals Limited -4% -9% -27% -15% 0.077 $41,186,925.94
SBM St Barbara Limited -4% -4% -17% -37% 1.135 $958,488,352.40
DEG De Grey Mining -4% -7% -10% -29% 1 $1,444,064,613.13
HRZ Horizon -4% 4% 0% -4% 0.125 $70,996,900.00
LRL Labyrinth Resources -4% -22% -26% -49% 0.025 $21,834,168.88
AUT Auteco Minerals -4% -22% -29% -44% 0.049 $103,365,108.40
ASO Aston Minerals Ltd -4% -4% 0% -37% 0.12 $131,347,850.16
AWJ Auric Mining -4% 11% -15% -39% 0.094 $5,046,242.13
KAL Kalgoorliegoldmining -4% -15% -27% 0% 0.11 $7,967,806.00
PRS Prospech Limited -4% -14% -41% -73% 0.044 $2,867,964.22
NCM Newcrest Mining -5% -11% -2% -16% 23.2 $21,220,608,348.72
BGD Bartongoldholdings -5% -5% 5% 0% 0.21 $16,738,799.22
OGC OceanaGold Corp. -5% -7% 28% 16% 3.14 $228,507,262.75
RXL Rox Resources -5% -9% -16% -32% 0.305 $52,371,693.57
YRL Yandal Resources -5% -7% -49% -66% 0.2 $23,218,310.60
MHC Manhattan Corp Ltd -5% -9% -29% -38% 0.01 $16,025,926.28
EM2 Eagle Mountain -5% 23% -26% -64% 0.395 $107,013,255.60
PUR Pursuit Minerals -5% -10% -32% -76% 0.019 $17,965,434.69
RRL Regis Resources -5% -3% 1% -30% 1.795 $1,418,979,440.24
PRU Perseus Mining Ltd -5% -1% 18% 33% 1.805 $2,576,530,521.14
AL8 Alderan Resource Ltd -5% -14% -47% -70% 0.018 $7,660,189.44
MVL Marvel Gold Limited -5% -17% -45% -35% 0.035 $25,355,497.32
GBZ GBM Rsources Ltd -5% -12% -30% -33% 0.087 $46,540,633.47
MAU Magnetic Resources -5% -8% -7% -13% 1.3 $293,889,092.89
RVR Red River Resources -6% -8% -6% -21% 0.17 $89,435,124.18
S2R S2 Resources -6% 10% -11% 13% 0.17 $64,147,473.90
EVN Evolution Mining Ltd -6% -6% -12% -29% 3.465 $6,562,167,505.14
NST Northern Star -6% -10% -11% -25% 8.18 $9,880,270,362.56
GIB Gibb River Diamonds -6% -17% -49% -25% 0.05 $10,575,472.25
TSO Tesoro Gold Ltd -6% -4% -19% -61% 0.065 $43,448,325.44
KCC Kincora Copper -6% -19% -35% -74% 0.081 $6,885,041.19
ADT Adriatic Metals -6% -4% -16% -18% 2.26 $490,036,558.25
PKO Peako Limited -6% -27% -24% -63% 0.016 $5,243,719.72
EMR Emerald Res NL -6% 5% 9% 15% 1.18 $728,961,342.54
ARV Artemis Resources -6% -21% -59% -51% 0.031 $43,038,260.50
MTC Metalstech Ltd -6% 4% 29% 93% 0.38 $63,332,544.20
BCN Beacon Minerals -6% -6% -2% -17% 0.03 $109,238,245.83
AXE Archer Materials -6% 1% -37% -1% 0.72 $175,169,380.94
HMX Hammer Metals Ltd -7% -36% 24% -48% 0.057 $48,923,677.38
MGV Musgrave Minerals -7% 8% -17% -30% 0.285 $158,466,019.96
RMS Ramelius Resources -7% -16% -23% -38% 1.13 $1,019,177,503.08
BMO Bastion Minerals -7% -15% -36% -24% 0.14 $10,630,096.40
IDA Indiana Resources -7% -13% -7% -25% 0.053 $22,859,762.69
MEI Meteoric Resources -7% 8% -19% -76% 0.013 $21,368,163.19
G50 Gold50Limited -7% -7% -25% 0% 0.195 $10,923,510.20
DTM Dart Mining NL -7% 7% -27% -54% 0.065 $8,791,910.40
RSG Resolute Mining -7% -18% -28% -52% 0.255 $298,061,510.40
BMR Ballymore Resources -7% -14% -14% 0% 0.19 $13,960,835.39
KWR Kingwest Resources -7% -11% -36% 44% 0.125 $30,371,628.13
GCY Gascoyne Res Ltd -7% -2% -18% -36% 0.25 $110,740,253.00
GCY Gascoyne Res Ltd -7% -2% -18% -36% 0.25 $110,740,253.00
DRE Dreadnought Resources Ltd -8% -5% -8% 61% 0.037 $107,869,974.94
NXM Nexus Minerals Ltd -8% -23% -60% 179% 0.24 $70,970,505.10
FAU First Au Ltd -8% 0% 20% -25% 0.012 $9,826,931.39
TTM Titan Minerals -8% -14% -28% -35% 0.072 $101,499,878.38
THR Thor Mining PLC -8% 0% -14% -37% 0.012 $12,807,611.68
POL Polymetals Resources -8% -11% -14% 0% 0.12 $4,806,787.92
AMI Aurelia Metals Ltd -8% -20% -27% -27% 0.295 $377,302,219.39
SVL Silver Mines Limited -8% -15% -13% -41% 0.175 $232,529,785.74
KAI Kairos Minerals Ltd -8% -12% -12% -32% 0.023 $47,090,243.78
BNZ Benzmining -8% -12% -14% -35% 0.57 $32,504,636.46
VMC Venus Metals Cor Ltd -8% 0% -6% -19% 0.17 $27,949,556.36
TIE Tietto Minerals -8% -16% -11% 13% 0.38 $364,417,417.52
M2R Miramar -9% -19% -45% -48% 0.105 $6,389,254.50
GRL Godolphin Resources -9% -16% -30% -38% 0.105 $8,328,376.68
STN Saturn Metals -9% -3% -12% -15% 0.355 $46,114,207.84
HCH Hot Chili Ltd -9% -17% -47% -41% 1.06 $125,835,644.20
AAR Astral Resources NL -9% -5% -11% -5% 0.08 $49,482,876.84
MXR Maximus Resources -9% -14% 7% -23% 0.06 $20,028,063.38
SPQ Superior Resources -9% 8% 160% 255% 0.039 $64,646,375.88
ZAG Zuleika Gold Ltd -9% 0% 53% -22% 0.029 $16,689,620.00
BEZ Besragoldinc -10% 41% -42% 0% 0.065 $11,513,947.32
IPT Impact Minerals -10% -10% -29% -38% 0.009 $22,332,335.00
CWX Carawine Resources -10% -21% -31% -40% 0.135 $19,296,808.58
LNY Laneway Res Ltd -10% -10% -22% -6% 0.0045 $31,510,082.05
NAE New Age Exploration -10% -18% -18% -36% 0.009 $12,923,090.19
RML Resolution Minerals -10% -36% -44% -61% 0.009 $7,418,549.22
CLA Celsius Resource Ltd -10% -10% -5% -57% 0.018 $24,429,315.36
AGC AGC Ltd -10% -16% -11% -48% 0.08 $5,485,910.00
AUC Ausgold Limited -10% -10% 18% 6% 0.052 $111,621,099.76
PRX Prodigy Gold NL -11% -6% -50% -66% 0.017 $9,904,669.30
ASR Asra Minerals Ltd -11% 6% 62% 10% 0.034 $48,239,129.52
RGL Riversgold -11% -31% 97% -15% 0.034 $27,229,535.96
OZM Ozaurum Resources -11% 6% 27% 10% 0.165 $9,726,720.00
NVA Nova Minerals Ltd -11% -9% -56% -62% 0.575 $105,418,336.73
KSN Kingston Resources -11% -17% -25% -47% 0.12 $51,596,179.88
IVR Investigator Res Ltd -11% -9% -27% -52% 0.048 $66,615,682.85
SMI Santana Minerals Ltd -11% -8% 163% 618% 0.79 $108,762,576.16
ALK Alkane Resources Ltd -11% -6% 17% -10% 0.905 $559,848,414.80
ICL Iceni Gold -12% -18% -40% -41% 0.115 $14,742,589.22
KCN Kingsgate Consolid. -12% 12% -14% 65% 1.45 $336,407,088.56
PNR Pantoro Limited -12% -5% -23% 13% 0.2475 $472,506,521.10
PNT Panthermetalsltd -12% -7% -5% 0% 0.19 $5,510,000.00
LCL Los Cerros Limited -12% -28% -58% -69% 0.053 $34,484,389.32
GWR GWR Group Ltd -12% -19% 0% -60% 0.11 $33,727,748.78
NAG Nagambie Resources -12% -6% -33% -34% 0.044 $23,091,577.11
RDT Red Dirt Metals Ltd -12% 5% -31% 175% 0.44 $140,095,035.96
MEK Meeka Gold Limited -12% 38% 38% -16% 0.058 $57,984,271.70
WCN White Cliff Min Ltd -13% -24% 9% 3% 0.0175 $11,764,860.52
KRM Kingsrose Mining Ltd -13% -13% -22% 3% 0.061 $47,409,170.70
NML Navarre Minerals Ltd -13% -32% -17% -42% 0.058 $83,105,530.38
AQI Alicanto Min Ltd -14% -30% -49% -51% 0.064 $24,557,671.49
NSM Northstaw -14% -32% -39% -37% 0.19 $7,624,130.00
MI6 Minerals260Limited -14% -3% -28% 0% 0.38 $89,100,000.00
CAI Calidus Resources -14% -21% 20% 38% 0.69 $300,252,625.21
SLZ Sultan Resources Ltd -14% -17% -22% -53% 0.125 $12,076,236.41
WWI West Wits Mining Ltd -14% 0% -19% -71% 0.025 $44,213,579.06
DCX Discovex Res Ltd -14% -25% 20% -14% 0.006 $16,696,316.49
VRC Volt Resources Ltd -14% 13% -31% -49% 0.018 $57,719,047.99
KTA Krakatoa Resources -14% -23% 27% 16% 0.066 $21,027,304.94
RED Red 5 Limited -15% -1% 23% 80% 0.3325 $812,944,424.94
BNR Bulletin Res Ltd -15% -7% 77% 127% 0.14 $42,063,209.50
HMG Hamelingoldlimited -15% -24% -21% 0% 0.11 $12,100,000.00
HMG Hamelingoldlimited -15% -24% -21% 0% 0.11 $12,100,000.00
A1G African Gold Ltd. -15% -19% -39% -55% 0.11 $14,329,239.36
BYH Bryah Resources Ltd -16% -19% -22% -47% 0.038 $8,595,872.65
EMU EMU NL -16% -10% -36% -60% 0.0135 $6,597,773.81
CHN Chalice Mining Ltd -16% -22% -43% -38% 4.95 $1,940,483,536.02
BC8 Black Cat Syndicate -16% -15% -32% -46% 0.37 $81,091,199.13
GSM Golden State Mining -16% -20% -40% -68% 0.052 $6,868,857.82
KZR Kalamazoo Resources -16% -18% -18% -34% 0.28 $41,380,396.59
SIH Sihayo Gold Limited -17% -38% -69% -81% 0.0025 $12,204,256.18
NWM Norwest Minerals -17% -30% -56% -57% 0.035 $7,224,295.48
ARN Aldoro Resources -17% -30% -59% -47% 0.175 $17,362,378.08
SNG Siren Gold -17% -23% -11% 5% 0.29 $27,020,775.36
DEX Duke Exploration -17% -33% -51% -77% 0.091 $8,389,637.14
ARL Ardea Resources Ltd -17% -14% 105% 119% 1.005 $186,711,549.20
WGX Westgold Resources. -18% -16% -39% -48% 1.1325 $568,195,399.20
AQX Alice Queen Ltd -18% -10% -55% -70% 0.0045 $8,497,573.38
ADV Ardiden Ltd -18% -25% -18% -10% 0.009 $24,015,018.20
RMX Red Mount Min Ltd -19% -19% -28% -41% 0.0065 $11,496,547.01
GSR Greenstone Resources -19% 72% 85% 133% 0.05 $55,347,499.21
TCG Turaco Gold Limited -20% -20% -46% -36% 0.07 $34,217,333.52
MBK Metal Bank Ltd -20% -20% -43% -53% 0.004 $10,431,272.64
GNM Great Northern -20% -20% -33% -78% 0.004 $7,690,729.39
M24 Mamba Exploration -20% -17% -50% -59% 0.1 $4,217,500.30
A8G Australasian Metals -21% -32% -36% 71% 0.29 $12,351,148.20
GED Golden Deeps -21% 7% 15% 25% 0.015 $17,328,400.71
NES Nelson Resources. -21% -25% -52% -71% 0.015 $4,708,754.62
OAU Ora Gold Limited -21% 0% -15% -42% 0.011 $9,824,455.69
REZ Resourc & En Grp Ltd -23% -41% -43% -18% 0.027 $13,494,756.30
MRR Minrex Resources Ltd -23% -25% 5% 82% 0.04 $41,357,335.87
ADN Andromeda Metals Ltd -23% -22% -54% -65% 0.076 $251,726,543.02
CDT Castle Minerals -24% -28% 8% 73% 0.026 $26,986,310.57
OBM Ora Banda Mining Ltd -24% -28% -58% -85% 0.026 $42,593,606.39
ALY Alchemy Resource Ltd -25% -18% 64% 31% 0.018 $18,108,407.08
SRN Surefire Rescs NL -26% -14% 117% 32% 0.025 $38,318,964.25
MLS Metals Australia -27% -38% 38% 38% 0.055 $31,028,665.50
GBR Greatbould Resources -27% -31% -49% -30% 0.066 $31,640,412.98
CXU Cauldron Energy Ltd -29% -23% -62% -75% 0.01 $5,354,112.77
MEG Megado -31% -28% -2% -31% 0.09 $7,670,123.79
BBX BBX Minerals Ltd -31% 10% -31% -58% 0.11 $55,202,577.00
BAT Battery Minerals Ltd -31% -31% -58% -73% 0.0055 $11,737,322.86
SMS Starmineralslimited -40% -43% -34% 0% 0.125 $3,018,750.00
FFX Firefinch Ltd -72% -72% -65% -33% 0.2625 $324,841,885.78
WordPress Table

 

SMALL CAP STANDOUTS

AMANI GOLD (ASX:ANL)

With the smallest share price known to man, ANL is susceptible to some price wild price swings. A share consolidation wouldn’t go astray, mayhaps.

On the upside, ANL is drilling hard at the 4.4Moz Giro project in the DRC, around 35km away from Barrick and AngloGold’s 16Moz Kibali gold mine.

It’s a nice change of pace from the explorer which, until a recent diamond program, hadn’t drilled the project since 2019.

This drilling has now pulled up a highlight ~60m long intersection grading 2.35g/t from 100m (hole GRDD039), announced early June.

ANL has now completed four of the eight diamond drillholes (extensional and infill) planned at the main deposit.

 

INCA MINERALS (ASX:ICG)

The very first drillhole into ‘Mount Lamb North East’, part of the ‘Frewena’ IOCG-SEDEX project in the NT, hit a down-hole interval of +500m of Iron Oxide Copper-Gold (IOCG)-style alteration and vein/breccia-hosted sulphide mineralisation.

Iron oxide copper gold ore deposits (IOCG), like Olympic Dam, can be tremendously large and simple-to-process concentrations of copper, gold, and other economic minerals.

Sedimentary exhalative deposits (SEDEX) are monstrous accumulations of zinc and lead, accounting for 25% of global zinc and lead production, and six of the 10 largest active zinc mines globally.

They are also an important source of silver and copper.

The second hole at Mount Lamb NE has commenced and is currently at a depth of 437m.

Related Topics

Gold
Explore more

Explore more

Investor Guide: Gold & Copper FY2025 featuring Barry FitzGerald

Read The Guide

Related Stories