It’s been fairly choppy for precious metals this year, with economic recovery, rising nominal yields and the potential for rate hikes dampening investors’ appetite for gold.

But on the flip side, new virus variants, fears of stagflation and negative real rates have all supported holding precious metals.

In 2022, Metals Focus forecasts that gold will rise by 1% to an average of $US1,820 from its current trading price of $US1,777 an ounce.

USD (dark) and AUD (light) gold prices over the past 12 months. Sources: FastMarkets, ICE Benchmark Administration, Thomson Reuters, World Gold Council

Inflation impacts investor sentiment

As a safehaven, gold loves economic, social and political volatility and it often performs well in an inflationary environment.

Metals Focus director of gold and silver Neil Meader said rising inflation – and how long it lasts for – will be the key factor affecting investor sentiment towards gold.

“Inflation feeds into gold mainly through real rates and yields, with which it has a far stronger and more consistent link,” he said.

“This is why the recent rise in inflation has not translated into stronger investor inflows into gold.”

In the near term the new Omicron strain poses risks to the global economy, which should make for a supportive environment for gold over the next few months – particularly when combined with exceptionally high equity valuations.

But Metals Focus cautions that this price recovery will be difficult to sustain beyond the early part of next year as a new interest rate hiking cycle approached.

“The investment case for gold will turn bearish from mid-2022 onwards when a US policy rate high looks increasingly likely,” Meader said.

“With nominal and real yields firmer, holding zero-yielding assets such as gold will become increasingly unappealing to investors.”

 

Silver could outperform gold

Silver is projected to mirror gold, up by 2% to an average of $25.75, before softening in H2.

“Silver’s innate high volatility means that it may well outperform gold early next year, ” Meader said.

“After that, however, prices may weaken, when there will be clearer guidance from the Fed on the timing of the first post-COVID rate hike.“

Among the four precious metals, silver is the only one likely to achieve a persistent deficit over 2021-22 – partly due to strong industrial fabrication.

“On top of a bounce back from COVID damage, there are structural forces at work, including vehicle electrification, the proliferation of 5G technologies and governments’ commitment to green infrastructure investment,” Meader said.

 

PGEs also a 2022 winner, autocatalyst demand increasing

Palladium is forecast to drop 10%, with sluggish vehicle production due to the persistent chip shortage and easing constraints at mine operations creating more headwinds for investor sentiment.

But Meader said that once there are clear signs that the chip shortage has eased, re-stocking by the supply chain could lead to a tighter palladium market in the latter part of 2022, providing a fresh boost to prices.

Then there’s platinum, which is expected to rise 1% off the back of investor interest in the substitution of palladium with platinum in autocatalysts and its use in the hydrogen economy.

Especially in China where quasi-speculative purchases have prompted record platinum bullion imports so far in 2021.

“Given positive sentiment towards platinum’s future use and stock replenishment by the supply chain, the surplus should be comfortably absorbed by investors,” Meader says.

“This explains why we expect platinum prices to post a gradual recovery over the course of 2022, in the process outperforming gold.”

 

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

Code Company Price % Year % Six Month % Month % Week Market Cap
ERM Emmerson Resources 0.16 105 119 108 111 $ 74,735,773.35
ANL Amani Gold Ltd 0.0015 0 50 -25 50 $ 32,813,346.16
MHC Manhattan Corp Ltd 0.013 -52 -19 18 30 $ 21,367,901.70
ICG Inca Minerals Ltd 0.11 86 -19 -12 25 $ 46,651,656.95
DCX Discovex Res Ltd 0.005 -38 -29 0 25 $ 12,843,320.38
SFM Santa Fe Minerals 0.13 38 30 46 24 $ 8,738,254.68
LCY Legacy Iron Ore 0.025 213 67 79 19 $ 166,523,201.44
AZS Azure Minerals 0.365 -53 35 -6 16 $ 110,311,180.96
TRN Torrens Mining 0.155 -48 -3 15 $ 11,146,390.08
MZZ Matador Mining Ltd 0.37 12 -31 -4 14 $ 79,908,528.89
TCG Turaco Gold Limited 0.13 117 18 -13 13 $ 55,422,611.53
NXM Nexus Minerals Ltd 0.57 322 563 7 13 $ 171,333,831.31
KCN Kingsgate Consolid. 1.715 114 95 20 13 $ 375,138,167.84
XTC Xantippe Res Ltd 0.0045 80 125 -10 13 $ 25,478,527.51
TSC Twenty Seven Co. Ltd 0.0045 -25 0 -10 13 $ 11,973,662.57
PDI Predictive Disc Ltd 0.245 338 145 9 11 $ 341,233,153.00
AVW Avira Resources Ltd 0.0055 -31 0 -21 10 $ 8,593,950.00
HMX Hammer Metals Ltd 0.045 29 -59 -4 10 $ 37,420,752.66
WWI West Wits Mining Ltd 0.034 -50 -61 -6 10 $ 48,743,458.38
BRV Big River Gold Ltd 0.24 -45 -40 -14 9 $ 52,666,188.48
MKG Mako Gold 0.12 -4 30 22 9 $ 45,868,992.24
AGS Alliance Resources 0.185 9 28 -3 9 $ 38,483,169.79
LM8 Lunnonmetalslimited 0.37 -6 9 $ 28,725,058.50
BDCDB Bardoc Gold Ltd 0.38 -14 -11 1 9 $ 109,899,633.94
MRZ Mont Royal Resources 0.38 27 27 -18 9 $ 22,167,661.38
DTM Dart Mining NL 0.089 -53 -36 -11 9 $ 11,079,692.77
GOR Gold Road Res Ltd 1.47 20 2 0 8 $ 1,269,958,057.92
DLC Delecta Limited 0.013 117 117 -28 8 $ 15,663,813.17
SMS Starmineralslimited 0.195 5 8 $ 4,987,500.00
GIB Gibb River Diamonds 0.097 -45 45 14 8 $ 20,939,435.06
ANX Anax Metals Ltd 0.086 39 -5 -18 8 $ 33,864,851.02
XAM Xanadu Mines Ltd 0.029 -12 -36 4 7 $ 36,512,094.75
THR Thor Mining PLC 0.015 -12 -21 -6 7 $ 8,949,323.39
TSO Tesoro Resources Ltd 0.08 -72 -52 -2 7 $ 44,160,550.40
KRM Kingsrose Mining Ltd 0.081 138 37 21 7 $ 58,225,948.40
SBM St Barbara Limited 1.3725 -46 -24 -12 6 $ 972,052,057.13
PAK Pacific American Hld 0.018 -14 -4 6 6 $ 8,601,793.24
A8G Australasian Metals 0.46 171 -34 6 $ 17,626,722.30
RGL Riversgold 0.02 -53 -55 0 5 $ 7,676,801.72
SNG Siren Gold 0.32 -59 16 -10 5 $ 25,731,304.79
BGD Bartongoldholdings 0.215 23 5 $ 17,167,999.20
GWR GWR Group Ltd 0.11 -52 -60 0 5 $ 33,306,508.73
GBZ GBM Rsources Ltd 0.12 -17 -8 -4 4 $ 63,351,163.38
TTM Titan Minerals 0.099 -18 -10 0 4 $ 139,131,349.80
AAJ Aruma Resources Ltd 0.075 -17 15 -15 4 $ 9,447,112.73
EVN Evolution Mining Ltd 4.01 -22 -18 2 4 $ 7,240,380,347.85
CXU Cauldron Energy Ltd 0.026 -32 -35 0 4 $ 12,773,634.38
SFR Sandfire Resources 6.13 13 -10 10 4 $ 2,509,089,185.16
GBR Greatbould Resources 0.135 194 44 -7 4 $ 46,440,655.17
GSR Greenstone Resources 0.028 -10 30 12 4 $ 21,791,124.60
BGL Bellevue Gold Ltd 0.7925 -43 0 -18 4 $ 819,884,836.40
OKU Oklo Resources Ltd 0.145 -34 16 7 4 $ 75,604,471.80
WAF West African Res Ltd 1.32 37 33 -4 4 $ 1,337,213,736.95
GRL Godolphin Resources 0.15 -42 -12 0 3 $ 12,616,690.65
TBR Tribune Res Ltd 4.95 -20 -2 3 3 $ 257,093,577.30
KNB Koonenberrygold 0.155 -6 3 $ 11,488,015.34
NSM Northstaw 0.31 -34 3 -5 3 $ 12,439,370.00
NES Nelson Resources. 0.032 -56 -40 -22 3 $ 6,217,350.24
SKY SKY Metals Ltd 0.096 -51 -26 16 3 $ 37,301,563.53
CMM Capricorn Metals 2.92 73 48 4 3 $ 1,077,588,810.03
PNR Pantoro Limited 0.325 51 48 44 3 $ 451,039,583.36
AL8 Alderan Resource Ltd 0.035 -62 -42 -10 3 $ 14,469,246.72
FG1 Flynngold 0.175 0 3 $ 11,101,308.75
WGX Westgold Resources. 1.87 -30 -13 -12 2 $ 793,550,349.59
RRL Regis Resources 1.7675 -52 -31 -13 2 $ 1,343,501,810.44
MEU Marmota Limited 0.044 -4 2 0 2 $ 42,143,496.59
CAZ Cazaly Resources 0.045 -15 -18 0 2 $ 15,891,220.48
RSG Resolute Mining 0.3525 -53 -33 -18 2 $ 391,895,689.60
RED Red 5 Limited 0.265 7 43 2 2 $ 636,217,376.04
AOP Apollo Consolidated 0.59 84 103 -9 2 $ 173,514,251.05
KAL Kalgoorliegoldmining 0.1525 2 $ 10,865,190.00
NCM Newcrest Mining 23.34 -15 -15 -6 1 $ 19,287,453,672.18
ICL Iceni Gold 0.1925 -1 -29 1 $ 23,057,648.65
DTR Dateline Resources 0.08 60 -24 -14 1 $ 35,034,540.40
NWM Norwest Minerals 0.08 -8 -2 8 1 $ 14,448,582.00
NST Northern Star 9.14 -30 -16 -10 1 $ 10,749,361,366.77
EM2 Eagle Mountain 0.52 44 -53 -25 1 $ 122,837,382.44
RND Rand Mining Ltd 1.5 -21 5 7 1 $ 85,313,941.50
ALK Alkane Resources Ltd 0.765 -25 -24 -18 1 $ 461,577,150.50
PRU Perseus Mining Ltd 1.515 31 12 -7 0 $ 1,883,628,539.95
SLR Silver Lake Resource 1.6 -12 -8 -8 0 $ 1,407,780,105.87
BRB Breaker Res NL 0.29 57 66 -23 0 $ 102,639,892.64
PNM Pacific Nickel Mines 0.076 33 52 -24 0 $ 18,621,811.76
E2M E2 Metals 0.28 -59 -14 17 0 $ 42,131,939.64
AWJ Auric Mining 0.115 -26 -4 0 $ 6,167,629.27
TRM Truscott Mining Corp 0.03 67 20 0 0 $ 4,558,246.32
TLM Talisman Mining 0.155 48 -28 11 0 $ 30,038,319.52
S2R S2 Resources 0.19 6 27 6 0 $ 67,711,222.45
STK Strickland Metals 0.066 54 89 -19 0 $ 82,602,807.74
ZAG Zuleika Gold Ltd 0.019 -70 -49 -5 0 $ 7,791,774.09
VAN Vango Mining Ltd 0.058 -29 -9 -11 0 $ 71,816,445.02
CAI Calidus Resources 0.585 0 17 -5 0 $ 230,056,549.53
KAI Kairos Minerals Ltd 0.027 -31 -21 -16 0 $ 43,742,588.53
RDS Redstone Resources 0.013 8 -24 -13 0 $ 10,065,986.88
CDR Codrus Minerals Ltd 0.145 -12 0 $ 5,800,000.00
RVR Red River Resources 0.18 -33 -16 -12 0 $ 93,323,607.84
SVY Stavely Minerals Ltd 0.5 -44 -6 2 0 $ 130,480,726.00
AUC Ausgold Limited 0.045 -6 -8 2 0 $ 69,755,379.80
KCC Kincora Copper 0.125 -60 -4 0 $ 9,158,639.88
EMR Emerald Res NL 1.065 65 4 5 0 $ 580,462,099.56
BCN Beacon Minerals 0.031 -10 -14 0 0 $ 109,533,429.76
KZR Kalamazoo Resources 0.34 -40 -20 -6 0 $ 48,566,087.56
PRS Prospech Limited 0.074 -67 -54 -15 0 $ 4,823,394.37
VKA Viking Mines Ltd 0.018 -31 -40 -10 0 $ 18,454,651.76
NAE New Age Exploration 0.011 -8 -21 0 0 $ 15,794,888.01
MGV Musgrave Minerals 0.34 -20 -17 -12 0 $ 185,324,667.41
LNY Laneway Res Ltd 0.005 -29 0 0 0 $ 19,520,329.67
CGN Crater Gold Min Ltd 0.017 -11 -6 0 0 $ 20,867,429.74
KGM Kalnorth Gold Ltd 0.013 0 0 0 0 $ 11,625,120.78
TRY Troy Resources Ltd 0.037 -59 -3 0 0 $ 30,073,993.35
TIE Tietto Minerals 0.43 1 28 4 0 $ 247,748,839.13
CTO Citigold Corp Ltd 0.01 -29 -9 0 0 $ 28,336,590.91
AME Alto Metals Limited 0.105 7 15 5 0 $ 53,649,042.51
MCT Metalicity Limited 0.009 -53 -25 13 0 $ 19,293,943.79
WCN White Cliff Min Ltd 0.016 -41 -6 23 0 $ 9,491,142.38
SIH Sihayo Gold Limited 0.008 -60 -38 -11 0 $ 29,483,691.30
ADN Andromeda Metals Ltd 0.16 -36 -26 -20 0 $ 409,814,962.59
MLS Metals Australia 0.002 0 0 0 0 $ 10,477,114.72
CHN Chalice Mining Ltd 9.09 0 0 0 0 $ 3,240,907,817.62
BMR Ballymore Resources 0.22 0 0 7 0 $ 16,165,177.82
CWX Carawine Resources 0.195 -28 -13 3 0 $ 26,541,863.99
BNZ Benzmining 0.68 -23 5 0 $ 33,760,912.68
GTR Gti Resources 0.026 17 12 -13 0 $ 29,348,311.93
ARL Ardea Resources Ltd 0.5 23 9 5 0 $ 68,026,807.31
FAU First Au Ltd 0.01 -44 -38 0 0 $ 7,839,109.49
CST Castile Resources 0.195 -32 -7 -15 0 $ 38,943,473.60
SLZ Sultan Resources Ltd 0.16 -36 -40 -9 0 $ 11,125,502.24
NPM Newpeak Metals 0.0015 -50 -25 50 0 $ 7,424,685.10
KLA Kirkland Lake Gold 53.69 -5 -3 -5 0 $ 54,700,000.00
WMC Wiluna Mining Corp 1.03 -30 4 1 0 $ 198,908,393.35
BC8 Black Cat Syndicate 0.545 -18 -20 -2 -1 $ 76,740,257.00
CYL Catalyst Metals 2.17 -17 10 4 -1 $ 211,679,804.45
ARN Aldoro Resources 0.42 200 27 -20 -1 $ 37,788,275.33
NVA Nova Minerals Ltd 1.255 -28 -16 -13 -1 $ 235,163,981.93
AMI Aurelia Metals Ltd 0.41 -2 1 4 -1 $ 501,007,865.09
YRL Yandal Resources 0.385 -13 -34 -10 -1 $ 40,282,372.65
TAM Tanami Gold NL 0.064 -20 -12 -11 -2 $ 75,206,210.94
MXR Maximus Resources 0.059 -62 -24 -18 -2 $ 17,800,609.79
PF1 Pathfinder Resources 0.29 0 -12 2 -2 $ 14,873,882.80
ADT Adriatic Metals 2.63 22 -4 0 -2 $ 556,175,010.52
LCL Los Cerros Limited 0.1275 16 -25 -6 -2 $ 81,130,335.26
MDI Middle Island Res 0.096 -66 -9 1 -2 $ 11,752,149.31
REZ Resourc & En Grp Ltd 0.047 -8 42 -25 -2 $ 23,490,872.08
AAR Anglo Australian 0.09 -36 7 6 -2 $ 53,656,131.51
M24 Mamba Exploration 0.2 -18 3 -2 $ 7,400,000.00
BNR Bulletin Res Ltd 0.08 4 29 7 -2 $ 21,927,048.58
SVL Silver Mines Limited 0.195 -5 -34 -15 -3 $ 258,366,428.60
AM7 Arcadia Minerals 0.195 -25 -3 $ 6,498,000.00
HXG Hexagon Energy 0.077 13 -13 -33 -3 $ 34,789,078.51
KAU Kaiser Reef 0.19 -53 -36 -16 -3 $ 23,259,935.66
MM8 Medallion Metals. 0.19 -43 -3 -3 $ 20,072,534.61
CPM Coopermetalslimited 0.18 -3 $ 4,998,700.00
A1G African Gold Ltd. 0.175 -15 -28 -20 -3 $ 21,403,859.04
AGC AGC Ltd 0.096 -38 -13 -3 $ 6,095,455.56
AGC AGC Ltd 0.096 -38 -13 -3 $ 6,095,455.56
MTH Mithril Resources 0.016 -16 7 0 -3 $ 38,703,495.62
BBX BBX Minerals Ltd 0.16 -43 -40 -6 -3 $ 73,283,436.00
TBA Tombola Gold Ltd 0.031 -37 -33 -6 -3 $ 23,223,179.20
SMI Santana Minerals Ltd 0.31 68 182 41 -3 $ 39,791,186.40
MEG Megado 0.092 -47 -29 1 -3 $ 3,960,489.42
GSN Great Southern 0.061 -9 22 -12 -3 $ 30,847,725.62
POL Polymetals Resources 0.14 -3 -3 $ 5,517,311.52
MAT Matsa Resources 0.052 -57 -32 -10 -4 $ 18,265,885.62
IPT Impact Minerals 0.013 -38 -13 -7 -4 $ 26,309,333.95
KTA Krakatoa Resources 0.05 -35 -12 -25 -4 $ 15,324,915.68
AQI Alicanto Min Ltd 0.125 4 -4 -11 -4 $ 47,839,202.13
HRZ Horizon 0.125 19 -4 4 -4 $ 70,996,900.00
MAU Magnetic Resources 1.5 26 0 -6 -4 $ 307,544,410.70
RMS Ramelius Resources 1.44 -19 -21 -16 -4 $ 1,263,881,778.46
CDT Castle Minerals 0.024 140 60 -20 -4 $ 21,104,271.62
RXL Rox Resources 0.36 -52 -20 -3 -4 $ 57,526,779.11
AUT Auteco Minerals 0.069 -31 -22 -6 -4 $ 116,484,346.58
SRN Surefire Rescs NL 0.0115 -74 -39 5 -4 $ 12,699,569.70
OBM Ora Banda Mining Ltd 0.067 -76 -64 -14 -4 $ 66,247,266.34
NAG Nagambie Resources 0.067 52 0 -9 -4 $ 32,995,534.84
BEZ Besragoldinc 0.11 -24 -4 $ 19,333,120.50
BMO Bastion Minerals 0.22 19 -21 -4 $ 15,824,437.20
FFX Firefinch Ltd 0.755 403 94 11 -4 $ 775,296,263.34
PKO Peako Limited 0.021 -16 -51 -5 -5 $ 6,477,536.12
EMU EMU NL 0.021 -55 -38 -16 -5 $ 11,546,104.16
MML Medusa Mining Ltd 0.71 -11 -24 -9 -5 $ 147,648,973.71
DEG De Grey Mining 1.1 0 -22 -6 -5 $ 1,554,097,995.13
MOH Moho Resources 0.059 -41 -22 0 -5 $ 7,546,524.12
OKR Okapi Resources 0.39 95 86 -30 -5 $ 44,489,540.86
MRR Minrex Resources Ltd 0.039 77 77 95 -5 $ 22,206,708.09
SAU Southern Gold 0.056 -49 -29 -14 -5 $ 11,946,410.34
SSR SSR Mining Inc. 24.19 -7 8 4 -5 $ 528,107,921.60
VMC Venus Metals Cor Ltd 0.18 -23 -14 -3 -5 $ 27,194,162.94
SPQ Superior Resources 0.017 0 55 -6 -6 $ 23,071,157.12
CY5 Cygnus Gold Limited 0.17 -6 21 6 -6 $ 22,699,552.40
NML Navarre Minerals Ltd 0.067 -67 -33 -26 -6 $ 83,167,472.92
LRL Labyrinth Resources 0.033 32 -33 -8 -6 $ 29,565,080.77
BYH Bryah Resources Ltd 0.049 -25 -32 -25 -6 $ 11,084,151.58
MEI Meteoric Resources 0.016 -75 -70 -16 -6 $ 23,396,664.62
TMX Terrain Minerals 0.008 -33 -11 0 -6 $ 5,886,088.07
HAW Hawthorn Resources 0.094 -1 74 72 -6 $ 31,350,467.62
HRN Horizon Gold Ltd 0.385 -9 -14 -10 -6 $ 41,076,426.16
GML Gateway Mining 0.015 -55 -25 -9 -6 $ 33,608,102.57
PUA Peak Minerals Ltd 0.015 -55 -35 -12 -6 $ 13,384,539.30
AXE Archer Materials 1.11 95 52 -31 -6 $ 282,226,615.98
AZL Arizona Lithium Ltd 0.087 770 172 -24 -6 $ 171,024,156.78
PGD Peregrine Gold 0.36 4 -12 -6 $ 12,095,566.20
IDA Indiana Resources 0.057 -3 -20 -10 -7 $ 24,791,976.72
AGG AngloGold Ashanti 5.49 -7 -4 8 -7 $ 492,426,862.80
HMG Hamelingoldlimited 0.14 -18 -7 $ 15,400,000.00
HMG Hamelingoldlimited 0.14 -18 -7 $ 15,400,000.00
AAU Antilles Gold Ltd 0.07 13 0 -14 -7 $ 20,672,337.35
CBY Canterbury Resources 0.083 -21 -14 -25 -7 $ 10,225,477.99
LEX Lefroy Exploration 0.335 68 -73 -18 -7 $ 46,018,120.54
FML Focus Minerals Ltd 0.265 -21 -7 -5 -7 $ 45,687,141.25
ENR Encounter Resources 0.13 -15 -24 -26 -7 $ 41,186,187.38
OZM Ozaurum Resources 0.13 -13 -16 -7 $ 7,438,080.00
BAT Battery Minerals Ltd 0.013 -41 -35 8 -7 $ 27,345,099.59
VRC Volt Resources Ltd 0.026 136 -26 -10 -7 $ 69,583,206.03
G50 Gold50Limited 0.26 4 -7 $ 13,082,680.26
GED Golden Deeps 0.013 -7 8 18 -7 $ 10,086,068.72
G88 Golden Mile Res Ltd 0.051 2 -16 0 -7 $ 8,379,898.07
KWR Kingwest Resources 0.19 15 118 52 -7 $ 47,114,052.38
M2R Miramar 0.19 -43 -5 0 -7 $ 9,464,853.80
RDT Red Dirt Metals Ltd 0.63 121 294 -32 -7 $ 159,666,266.24
ARV Artemis Resources 0.074 -43 17 -17 -8 $ 94,124,823.83
GMR Golden Rim Resources 0.086 -43 -43 -14 -8 $ 22,136,821.02
MKR Manuka Resources. 0.305 -34 -18 -21 -8 $ 31,462,229.53
DEX Duke Exploration 0.18 -57 -55 0 -8 $ 16,689,063.12
GSM Golden State Mining 0.084 -58 -48 -24 -8 $ 7,228,654.70
PNX PNX Metals Limited 0.006 -14 -25 -14 -8 $ 21,913,161.07
PRX Prodigy Gold NL 0.034 -36 -31 -3 -8 $ 19,809,338.60
KSN Kingston Resources 0.17 -43 -24 -17 -8 $ 57,072,729.12
ZNC Zenith Minerals Ltd 0.225 50 -4 -4 -8 $ 72,855,934.88
BTR Brightstar Resources 0.044 -20 26 -27 -8 $ 24,061,878.24
ALY Alchemy Resource Ltd 0.011 -38 -20 -8 -8 $ 10,475,793.79
ADV Ardiden Ltd 0.011 -35 10 -21 -8 $ 23,686,688.92
CEL Challenger Exp Ltd 0.27 23 0 -11 -8 $ 273,957,719.00
TG1 Techgen Metals Ltd 0.16 -27 -40 -9 $ 7,619,879.05
GMN Gold Mountain Ltd 0.016 -59 -54 -16 -9 $ 17,122,386.72
DGO DGO Gold Limited 2.63 -11 -23 -10 -9 $ 229,164,713.25
TNR Torian Resources Ltd 0.021 -28 -32 -16 -9 $ 22,890,883.95
TMZ Thomson Res Ltd 0.059 -38 -58 -17 -9 $ 33,412,622.10
MVL Marvel Gold Limited 0.065 18 18 -8 -10 $ 38,150,632.52
HCH Hot Chili Ltd 1.82 -19 1 -19 -10 $ 175,974,394.50
STN Saturn Metals 0.405 -41 -4 -20 -10 $ 51,461,666.82
SI6 SI6 Metals Limited 0.009 -71 -18 -18 -10 $ 12,853,295.87
RMX Red Mount Min Ltd 0.009 -25 -18 -18 -10 $ 13,180,124.72
AWV Anova Metals Ltd 0.018 -33 -22 -14 -10 $ 25,795,695.60
QML Qmines Limited 0.34 -3 -12 -11 $ 19,558,189.44
AYM Australia United Min 0.007 -22 0 -30 -13 $ 14,740,619.88
PUR Pursuit Minerals 0.028 27 -64 -13 -13 $ 26,236,389.65
TAR Taruga Minerals 0.035 -20 -39 -27 -13 $ 17,922,100.21
MBK Metal Bank Ltd 0.007 -33 -19 -13 -13 $ 17,160,977.12
RDN Raiden Resources Ltd 0.021 -28 -30 -5 -13 $ 33,007,855.30
DDD 3D Resources Limited 0.0035 6 -30 -13 -13 $ 13,581,302.32
DRE Drednought Resources 0.04 74 74 -9 -13 $ 113,487,342.04
OAU Ora Gold Limited 0.013 -40 -31 -14 -13 $ 12,163,487.86
AQX Alice Queen Ltd 0.0095 -65 -37 -27 -14 $ 13,702,230.10
GNM Great Northern 0.006 -60 -67 -14 -14 $ 7,254,305.86
LYN Lycaonresources 0.35 -15 $ 9,450,000.00
NMR Native Mineral Res 0.23 -57 -21 -8 -15 $ 9,523,037.53
MTC Metalstech Ltd 0.295 77 50 -8 -16 $ 49,166,054.05
GUL Gullewa Limited 0.067 -33 -22 -11 -16 $ 13,135,743.90
RML Resolution Minerals 0.015 -62 -35 -17 -17 $ 10,501,865.58
IVR Investigator Res Ltd 0.065 16 -35 -13 -17 $ 87,644,476.06
ASO Aston Minerals Ltd 0.125 229 -34 9 -17 $ 114,503,691.48
DCN Dacian Gold Ltd 0.17 -52 -40 -24 -17 $ 159,625,950.66
CLA Celsius Resource Ltd 0.019 -55 -55 -32 -17 $ 20,025,583.54
CHZ Chesser Resources 0.11 -49 -31 -27 -19 $ 54,036,776.61
SBR Sabre Resources 0.004 -60 -20 -33 -20 $ 6,757,254.60
WRM White Rock Min Ltd 0.225 -58 -62 -22 -27 $ 33,479,456.42

 

Weekly stock focus

 

Manhattan Corp (ASX:MHC)

The company has reported solid hits like 8m at 40.5 g/t gold from about 70m, including 3m at 105.34 g/t at Main Zone in its Tibooburra project in NSW.

It wasn’t the only hit either, and drilling only covered a small, 650m chunk of a much larger 5km long gold-in-soil anomaly.

Future drilling will focus on testing the size of Main Zone which the company reckons has the potential to be a significant shallow, high-grade gold resource.

A planned 5,000m drilling program will now be significantly increased and extended to include diamond drilling at depth (>100m). Drilling is scheduled to kick off after the Christmas Break.

“These are the best gold drill intersections reported from the Koonenberry Region to date,” exec director Kell Nielsen says.

“We are extremely pleased with their significance and feel that they prove the potential of the Tibooburra Project to host multi-million-ounce gold discoveries.”

The $21m market cap stock is up 18% over the past month, and down 52% year-to-date.

 

 

Red 5 (ASX:RED) 

The gold player is racing to get its King of the Hills mine back up and running by the middle of next year.

A major exploration push and $224 million rebuild will revitalise the ageing mine, turning it from a small-scale underground producer into a 2.4Moz open pit with 16 years of life at almost 200,000ozpa.

“The site continues to be a hive of activity as we power on towards our goal of achieving first gold production in the June Quarter 2022. The countdown to production is well and truly on!” Red 5 MD Mark Williams said.

 

 

Newcrest Mining (ASX:NCM)

Newcrest wants to be the lowest cost gold miner by 2030 and says its development projects could slash group AISC by more than 50% by FY30, to levels well below today’s lowest cost gold major producers.

Right now the company is focused on drilling at its Red Chris and Havieron assets.

“At Havieron, our exploration is now totally focused on growth which has continued to demonstrate potential for resource additions outside of the existing Inferred Mineral Resource limits,” Newcrest boss Sandeep Biswas says.

“We have eight operating rigs exploring the high-grade targets in and around the main Havieron deposit including the high-grade depth extents of the South East Crescent.”

The gold miner expects to produce 1.8-2Moz of gold and 125-130,000t of copper this financial year, having delivered 2,093,322oz of gold and 125-130,000t of copper in FY21.