• Despite a late-week cool-off, gold remains in striking distance of its all-time highs
  • The Australian Federal government sees a good longer-term future for gold producers
  • This week’s top ASX golden gainers include: Dart Mining, Alto Metals, Felix Gold

 

The gold price, as you probably very well know has/had been soaring this week, hitting all-time highs yet again, trading north of US$2,302 per ounce and in the Aussie version, a stonking $3,511 a couple of days ago.

These have since taken a bit of a breather, pulling back a wee tad to close the Aussie week – perhaps due to profit-taking sell pressure, but also partly due to some rate-cut-optimism-killing vibes from certain Fed members on Thursday evening.

But all up, so far it continues to be a beaut year for the precious yellow one, with a YTD gain of about 11.2%.

Source: abcbullion.com.au

That’s all well and good for the commodity price, but what about the gold mining and exploration stocks disconnect? Is that still prevalent?

Actually, there have been some further signs this week that the gap may be closing. The performance of the S&P/ASX All Ordinaries Gold Index (ASX:XGD), which covers gold-industry players on the local Aussie bourse, would suggest it indeed is.

 

That’s up about 4% for the week, and a very decent 14% over the past month, despite a bit of a dip late today (Friday).

 

What’s been driving the golden gains train of late?

Various factors, including the US Federal Reserve indicating that a couple of rate cuts are still shuffled somewhere in their deck of cards, and indeed the hand they might well play at some point this year.

Optimism for that eventuality was delivered by US Fed chairman Jerome Powell at Stanford University midweek and that gave the US dollar and US Treasury bond yields a swift uppercut, helping gold and equities.

 

But then…

… this whole rate-cut narrative is turning into something of a soap opera, or at least one big tease, because late on Thursday evening, Aussie times, comments from Fed officials suggested rate cuts may come not in the middle, but instead late in the year or even next year.

Wall Street took a dip fell after Minneapolis Fed boss Neel Kashkari said that although the Fed has pencilled in two rate cuts, it has the rubber handy because none may actually be implemented this year if inflation stays sticky.

“If we continue to see inflation moving sideways, then that would make me question whether we need to do those rate cuts at all,” Kashkari said. “There’s a lot of momentum in the economy right now.”

The US macroeconomic narrative has another opportunity spoil the party a tad for gold in the next day or so, too, with more Fedspeak and US employment data on the cards (the US non-farm payrolls report hits late, late Friday Aussie time).

The NFP – that’s the next point of focus for markets, and if it comes in hot again, like it did in February and like plenty of analysts seem to think it might, then gold and equities may see some short-term cooling off.

 

Yet this…

… could be just another short-term blip for gold if it plays out that way.

Add a pinch or two of ongoing Middle Eastern and Eastern European turmoil into the pot, and a great big spoonful of central bank buying and stir.

“There is big demand [for gold] coming from Asia, particularly from China and solid demand from central banks,” noted Carlo Alberto De Casa, a market analyst at Kinesis Money this week, also citing the rate-cutting hopes and geopolitical risks that could keep save haven gold on the up.

As for the last factor, ongoing it very much is. The Associated Press reported that US jarhead types are expecting some sort of retaliation from Iran after an Israeli air strike earlier this week managed to knock some top Iranian military brass off the board. 

How ’bout an Aussie gov gold projection?

For what it’s worth, the Federal government, via the latest commodities projections report by the Department of Industry, Sciences and Resources, wrote this very recently:

“Australian gold export earnings are forecast to increase by 14% to $28 billion in 2023–24.”

So that’s pretty positive for gold producers. But hang on, it looks further ahead and it’s not so upbeat:

“Export earnings are forecast to decline in real terms over the outlook period to around $20 billion by 2028–29. This is largely because of expected declines in real gold prices.”

Ah… bummer. What goes up, must come down and all that. Just buy Bitcoin? The gov continues with:

“Prices are forecast to remain elevated throughout 2024 and 2025, before softening in real terms to average around US$1,750 an ounce by 2029.”

But wait… it added something positive again:

“[Australian gold] production is forecast to grow over the long-term as major new projects and expansions come on-stream… Higher export volumes are predicted to outweigh the impact of lower [longer term] Australian gold prices in real terms.”

 

What else is making news?

Bank of America remains bullish on gold for 2024. In a note published earlier this week, its commodity analysts reaffirmed their outlook for gold prices to move north of US$2,400 an ounce this year.

“We had previously proposed a $2,400/oz price estimate if the Fed cut rates in 1Q24; we commit to that estimate for this year, even if rate cuts come later,” said analyst Michael Widmer in the report.

Central banks continued to buy gold in February, according to The World Gold Council’s latest data, with global central bank gold reserves increasing by 19 tonnes in the month.

That said, purchases were reportedly down 58% compared to January as some central banks also took the opportunity to take some profit.

HSBC has launched a tokenised gold product – a blockchain-based offering for its retail customers in Hong Kong.

The HSBC Gold Token launched for trading in the Hong Kong market last week, according to a report from the South China Morning Post, and it’s the the first such product to be issued by a bank.

Oh, and this…

 

ASX Winners & Losers

Here’s how ASX-listed precious metals stocks are performing, circa 3pm April 5:

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

Stocks missing from this list? Please email [email protected]

Code Company Price % Week % Month % Year Market Cap
MRR Minrex Resources Ltd 0.013 -7% -7% -24% $14,103,278
NPM Newpeak Metals 0.011 0% -8% -89% $1,099,469
ASO Aston Minerals Ltd 0.013 0% -7% -90% $18,130,900
MTC Metalstech Ltd 0.17 3% 6% -50% $32,122,280
FFX Firefinch Ltd 0.2 0% 0% 0% $236,569,315
GED Golden Deeps 0.042 -14% 5% -40% $5,198,506
G88 Golden Mile Res Ltd 0.012 -8% 9% 0% $4,934,674
DCX Discovex Res Ltd 0.002 0% 0% -33% $6,605,136
NMR Native Mineral Res 0.02 -20% -26% -41% $4,197,010
AQX Alice Queen Ltd 0.005 0% 0% -71% $3,454,921
SLZ Sultan Resources Ltd 0.013 8% 0% -66% $2,568,624
MKG Mako Gold 0.0155 11% 19% -62% $14,640,123
KSN Kingston Resources 0.075 -13% 3% -16% $39,836,947
AMI Aurelia Metals Ltd 0.1725 11% 23% 34% $270,362,785
PNX PNX Metals Limited 0.005 25% 0% 67% $24,212,811
GIB Gibb River Diamonds 0.028 0% 0% -38% $5,922,264
KCN Kingsgate Consolid. 1.37 12% 7% -6% $378,894,987
TMX Terrain Minerals 0.0045 0% 0% -10% $5,726,683
BNR Bulletin Res Ltd 0.065 3% -7% -28% $19,084,866
NXM Nexus Minerals Ltd 0.064 39% 78% -58% $23,343,608
SKY SKY Metals Ltd 0.031 -6% -24% -24% $17,604,928
LM8 Lunnonmetalslimited 0.25 -6% -9% -78% $54,459,059
CST Castile Resources 0.071 -1% -5% -20% $17,416,975
YRL Yandal Resources 0.135 48% 8% 47% $29,458,838
FAU First Au Ltd 0.002 0% -33% -60% $3,323,987
ARL Ardea Resources Ltd 0.685 -6% 47% 46% $132,001,333
GWR GWR Group Ltd 0.105 0% 12% 24% $32,121,666
IVR Investigator Res Ltd 0.048 17% 33% 17% $79,193,979
GTR Gti Energy Ltd 0.007 -7% -13% -13% $14,349,630
IPT Impact Minerals 0.015 0% 25% 50% $42,970,558
BNZ Benzmining 0.155 11% 15% -62% $14,466,137
MOH Moho Resources 0.006 20% 0% -60% $2,695,891
BCM Brazilian Critical 0.021 0% -16% -77% $16,279,050
PUA Peak Minerals Ltd 0.003 -14% 50% -25% $3,124,130
MRZ Mont Royal Resources 0.057 -19% -23% -46% $4,846,698
SMS Starmineralslimited 0.035 -3% -3% -51% $2,657,298
MVL Marvel Gold Limited 0.01 11% 0% -44% $8,637,907
PRX Prodigy Gold NL 0.003 -14% 0% -70% $4,852,353
AAU Antilles Gold Ltd 0.019 -5% -5% -49% $17,990,700
CWX Carawine Resources 0.11 2% 15% 20% $25,973,799
RND Rand Mining Ltd 1.45 6% 16% 4% $83,892,042
CAZ Cazaly Resources 0.02 11% 5% -26% $9,092,726
BMR Ballymore Resources 0.125 -11% 30% -14% $22,974,976
DRE Dreadnought Resources Ltd 0.018 6% -5% -72% $62,668,313
ZNC Zenith Minerals Ltd 0.091 -2% -4% -39% $31,714,279
REZ Resourc & En Grp Ltd 0.011 -8% 10% -31% $5,497,864
LEX Lefroy Exploration 0.097 -8% -12% -57% $21,048,141
ERM Emmerson Resources 0.047 -2% -10% -38% $26,690,780
AM7 Arcadia Minerals 0.095 36% 28% -53% $9,269,259
ADT Adriatic Metals 3.95 0% 22% 5% $981,994,154
AS1 Asara Resources Ltd 0.009 0% 13% -71% $8,821,754
CYL Catalyst Metals 0.66 3% 32% -29% $151,908,705
CHN Chalice Mining Ltd 1.1675 8% -4% -84% $455,087,066
KAL Kalgoorliegoldmining 0.031 29% 24% -38% $4,438,020
MLS Metals Australia 0.023 5% -18% -44% $16,976,869
ADN Andromeda Metals Ltd 0.02 -5% -35% -57% $62,205,419
MEI Meteoric Resources 0.22 -10% 2% 76% $457,727,564
SRN Surefire Rescs NL 0.01 5% -9% -52% $19,863,078
SIH Sihayo Gold Limited 0.0015 50% 50% -25% $18,306,384
WA8 Warriedarresourltd 0.041 -5% 17% -70% $28,225,738
HMX Hammer Metals Ltd 0.048 26% 23% -50% $42,547,553
WCN White Cliff Min Ltd 0.015 -3% -6% 114% $25,990,199
AVM Advance Metals Ltd 0.038 0% -3% -79% $1,523,228
WRM White Rock Min Ltd 0 -100% -100% -100% $17,508,200
ASR Asra Minerals Ltd 0.006 20% 0% -45% $9,983,974
MCT Metalicity Limited 0.002 0% 0% 0% $11,212,634
AME Alto Metals Limited 0.047 47% 38% -30% $28,860,927
CTO Citigold Corp Ltd 0.0045 -10% 13% -25% $13,500,000
TIE Tietto Minerals 0.6075 -1% 1% -11% $689,233,175
SMI Santana Minerals Ltd 1.355 8% 6% 61% $235,026,606
M2R Miramar 0.012 -33% -25% -71% $2,084,174
MHC Manhattan Corp Ltd 0.0025 -17% -17% -50% $8,810,939
GRL Godolphin Resources 0.036 0% 20% -52% $6,092,713
SVG Savannah Goldfields 0.028 4% -7% -82% $7,870,378
EMC Everest Metals Corp 0.095 19% 19% 38% $14,785,480
GUL Gullewa Limited 0.055 0% 0% 0% $11,262,521
CY5 Cygnus Metals Ltd 0.055 8% -21% -74% $16,035,753
G50 Gold50Limited 0.145 4% 101% -31% $16,393,500
ADV Ardiden Ltd 0.16 -3% 7% -53% $9,377,626
AAR Astral Resources NL 0.064 7% 25% -16% $49,965,145
VMC Venus Metals Cor Ltd 0.099 4% -1% 0% $18,403,682
NAE New Age Exploration 0.004 0% 0% -20% $8,072,545
VKA Viking Mines Ltd 0.01 0% -9% -9% $10,252,584
LCL LCL Resources Ltd 0.0115 5% 15% -62% $10,507,481
MTH Mithril Resources 0.002 0% 0% 0% $6,737,609
ADG Adelong Gold Limited 0.0035 -13% -22% -65% $3,521,956
RMX Red Mount Min Ltd 0.002 14% 14% -43% $4,678,758
PRS Prospech Limited 0.04 3% 29% 90% $10,805,949
TTM Titan Minerals 0.029 4% -3% -49% $54,280,410
NML Navarre Minerals Ltd 0.019 0% 0% -39% $28,555,654
MZZ Matador Mining Ltd 0.053 6% 20% -33% $27,807,037
KZR Kalamazoo Resources 0.1 12% 3% -23% $17,480,354
BCN Beacon Minerals 0.027 8% 17% -18% $105,189,509
MAU Magnetic Resources 0.965 3% -4% 38% $250,260,575
BC8 Black Cat Syndicate 0.26 16% 27% -41% $83,018,702
EM2 Eagle Mountain 0.063 13% -6% -58% $21,728,836
EMR Emerald Res NL 3.32 13% 11% 131% $2,040,380,184
BYH Bryah Resources Ltd 0.01 0% 25% -54% $4,354,535
HCH Hot Chili Ltd 1.26 15% 20% 16% $154,084,316
WAF West African Res Ltd 1.3125 9% 35% 31% $1,360,210,807
MEU Marmota Limited 0.045 0% 5% 18% $47,646,026
NVA Nova Minerals Ltd 0.25 0% -12% -46% $52,722,516
SVL Silver Mines Limited 0.1825 7% 22% -15% $286,526,889
PGD Peregrine Gold 0.235 2% -2% -37% $15,951,429
ICL Iceni Gold 0.022 -4% -39% -67% $5,670,904
FG1 Flynngold 0.048 -2% 20% -40% $7,878,764
WWI West Wits Mining Ltd 0.016 14% 23% 14% $41,316,658
RML Resolution Minerals 0.0025 0% -17% -50% $4,024,992
AAJ Aruma Resources Ltd 0.019 6% 19% -74% $3,740,939
AL8 Alderan Resource Ltd 0.005 0% 25% -44% $5,534,307
GMN Gold Mountain Ltd 0.004 -20% 0% 33% $11,902,023
MEG Megado Minerals Ltd 0.011 -8% -8% -74% $2,799,011
HMG Hamelingoldlimited 0.075 4% 6% -14% $11,812,500
TBA Tombola Gold Ltd 0.026 0% 0% 0% $33,129,243
BM8 Battery Age Minerals 0.096 -4% -40% -75% $8,900,751
TBR Tribune Res Ltd 4.02 6% 33% 7% $220,365,923
FML Focus Minerals Ltd 0.185 3% 9% 9% $53,013,349
GSR Greenstone Resources 0.009 29% 29% -53% $10,944,908
VRC Volt Resources Ltd 0.005 -17% -17% -55% $20,650,533
ARV Artemis Resources 0.018 6% 20% 29% $30,441,531
HRN Horizon Gold Ltd 0.25 -4% 2% -26% $40,555,178
CLA Celsius Resource Ltd 0.014 0% 8% -7% $33,690,775
QML Qmines Limited 0.077 10% 17% -51% $15,605,497
RDN Raiden Resources Ltd 0.026 4% -4% 584% $66,414,628
TCG Turaco Gold Limited 0.17 -3% 17% 139% $111,228,056
KCC Kincora Copper 0.039 -13% 26% -42% $7,993,810
GBZ GBM Rsources Ltd 0.011 38% 22% -61% $12,446,681
DTM Dart Mining NL 0.039 129% 117% -23% $10,468,663
MKR Manuka Resources. 0.074 0% 6% -11% $47,711,967
AUC Ausgold Limited 0.035 9% 35% -27% $80,364,942
ANX Anax Metals Ltd 0.024 4% 14% -68% $14,103,647
EMU EMU NL 0.001 0% 0% -50% $2,024,771
SFM Santa Fe Minerals 0.047 4% 4% -22% $3,422,483
SSR SSR Mining Inc. 7.08 9% 11% -69% $36,061,999
PNR Pantoro Limited 0.074 17% 64% 32% $390,302,289
CMM Capricorn Metals 5.22 1% 4% 13% $2,072,079,890
X64 Ten Sixty Four Ltd 0.57 0% 0% 0% $130,184,182
SI6 SI6 Metals Limited 0.003 -14% -40% -45% $7,106,578
HAW Hawthorn Resources 0.08 14% 4% 10% $26,801,249
BGD Bartongoldholdings 0.27 6% 4% 15% $51,111,314
SVY Stavely Minerals Ltd 0.03 0% -12% -83% $11,458,203
AGC AGC Ltd 0.072 -10% -12% 33% $16,444,444
RGL Riversgold 0.007 -13% -22% -56% $7,741,292
TSO Tesoro Gold Ltd 0.028 -7% 12% 0% $34,428,260
GUE Global Uranium 0.1 3% -5% -31% $27,668,899
CPM Coopermetalslimited 0.11 -12% -65% -61% $8,619,122
MM8 Medallion Metals. 0.063 5% 7% -54% $19,689,706
FFM Firefly Metals Ltd 0.75 3% 46% 11% $300,970,585
CBY Canterbury Resources 0.037 0% 12% -3% $6,354,413
LYN Lycaonresources 0.165 -8% -3% -13% $6,828,719
SFR Sandfire Resources 8.815 -1% 15% 40% $4,144,921,104
TMZ Thomson Res Ltd 0.005 0% 0% 0% $4,881,018
TAM Tanami Gold NL 0.036 9% 16% -10% $45,828,785
WMC Wiluna Mining Corp 0.205 0% 0% 0% $74,238,031
NWM Norwest Minerals 0.03 7% -6% -27% $10,781,085
ALK Alkane Resources Ltd 0.6525 4% 28% -17% $389,217,069
BMO Bastion Minerals 0.0085 -15% -6% -67% $3,444,671
IDA Indiana Resources 0.076 -3% -7% 52% $46,300,280
GSM Golden State Mining 0.012 0% 9% -65% $3,073,077
NSM Northstaw 0.045 0% 29% -67% $6,294,410
GSN Great Southern 0.021 -5% 5% 17% $16,601,974
RED Red 5 Limited 0.3825 1% 13% 155% $1,333,563,211
DEG De Grey Mining 1.285 2% -2% -15% $2,425,157,838
THR Thor Energy PLC 0.022 -4% -12% -51% $4,038,185
CDR Codrus Minerals Ltd 0.042 2% -5% -51% $3,787,888
MDI Middle Island Res 0.016 0% 0% -45% $3,482,464
WTM Waratah Minerals Ltd 0.07 -22% 9% -53% $11,949,160
POL Polymetals Resources 0.265 -4% -5% 39% $41,768,719
RDS Redstone Resources 0.004 -20% -20% -50% $3,701,514
NAG Nagambie Resources 0.014 8% -42% -69% $11,152,899
BGL Bellevue Gold Ltd 1.895 1% 18% 51% $2,248,722,935
GBR Greatbould Resources 0.06 3% -2% -32% $36,012,432
KAI Kairos Minerals Ltd 0.0125 -11% -4% -31% $31,450,946
KAU Kaiser Reef 0.15 -6% 20% -14% $25,656,584
HRZ Horizon 0.035 6% -3% -29% $26,637,380
CAI Calidus Resources 0.1475 28% -5% -31% $110,338,365
CDT Castle Minerals 0.007 8% 17% -65% $7,959,204
RSG Resolute Mining 0.4625 8% 25% 10% $968,717,756
MXR Maximus Resources 0.035 25% 3% -19% $10,270,265
EVN Evolution Mining Ltd 3.875 8% 25% 20% $7,566,194,258
CXU Cauldron Energy Ltd 0.042 8% 8% 509% $52,201,313
DLI Delta Lithium 0.29 2% -15% -16% $206,888,071
ALY Alchemy Resource Ltd 0.008 33% 14% -43% $9,424,610
HXG Hexagon Energy 0.023 -15% 64% 77% $11,797,066
OBM Ora Banda Mining Ltd 0.3 7% 15% 150% $543,943,307
SLR Silver Lake Resource 1.27 2% 14% 9% $1,187,125,303
AVW Avira Resources Ltd 0.001 0% 0% -67% $2,133,790
LCY Legacy Iron Ore 0.015 0% 7% 0% $115,703,224
PDI Predictive Disc Ltd 0.23 2% 7% 35% $456,773,699
MAT Matsa Resources 0.036 20% 20% -12% $14,843,545
ZAG Zuleika Gold Ltd 0.02 18% 25% 43% $13,985,625
GML Gateway Mining 0.023 -8% -15% -57% $7,945,567
SBM St Barbara Limited 0.205 17% 28% -27% $155,414,372
SBR Sabre Resources 0.019 0% 12% -17% $7,110,977
STK Strickland Metals 0.115 21% 42% 219% $199,334,626
ION Iondrive Limited 0.009 -10% 0% -59% $4,376,568
CEL Challenger Gold Ltd 0.088 10% 11% -45% $122,473,714
LRL Labyrinth Resources 0.006 20% 33% -38% $7,125,262
NST Northern Star 14.815 2% 8% 18% $17,000,916,324
OZM Ozaurum Resources 0.045 -4% -41% -6% $6,667,500
TG1 Techgen Metals Ltd 0.027 0% -31% -58% $3,686,844
XAM Xanadu Mines Ltd 0.069 17% 57% 73% $121,836,427
AQI Alicanto Min Ltd 0.029 21% -19% -34% $17,229,431
KTA Krakatoa Resources 0.008 0% -33% -71% $3,776,858
ARN Aldoro Resources 0.071 0% -16% -62% $9,558,286
WGX Westgold Resources. 2.305 -12% 4% 68% $1,160,375,689
MBK Metal Bank Ltd 0.02 -9% -9% -39% $8,199,645
A8G Australasian Metals 0.064 7% -6% -64% $3,335,712
TAR Taruga Minerals 0.007 17% 17% -50% $4,942,187
DTR Dateline Resources 0.012 -14% 0% -31% $18,886,206
GOR Gold Road Res Ltd 1.655 5% 4% -5% $1,782,101,806
S2R S2 Resources 0.1375 2% 2% 2% $65,664,409
NES Nelson Resources. 0.003 -25% -25% -40% $1,840,783
TLM Talisman Mining 0.255 4% 42% 70% $49,904,892
BEZ Besragoldinc 0.11 22% -24% -37% $45,991,100
PRU Perseus Mining Ltd 2.24 4% 20% -4% $3,063,047,622
SPQ Superior Resources 0.01 5% 0% -83% $20,012,204
PUR Pursuit Minerals 0.005 11% 0% -69% $14,719,857
RMS Ramelius Resources 1.95 5% 29% 57% $2,238,630,025
PKO Peako Limited 0.004 0% 0% -60% $2,635,424
ICG Inca Minerals Ltd 0.005 0% -29% -71% $4,023,694
A1G African Gold Ltd. 0.035 0% -5% -51% $5,925,892
OAU Ora Gold Limited 0.006 0% 0% 140% $40,642,006
GNM Great Northern 0.013 0% -13% -71% $2,087,493
KRM Kingsrose Mining Ltd 0.036 13% 6% -43% $26,338,428
BTR Brightstar Resources 0.018 13% 29% 29% $55,215,770
RRL Regis Resources 2.04 1% 6% 0% $1,499,347,534
M24 Mamba Exploration 0.025 4% -14% -75% $4,602,057
TRM Truscott Mining Corp 0.056 8% 12% 19% $9,535,188
TNC True North Copper 0.105 8% 11% 98% $43,859,503
MOM Moab Minerals Ltd 0.006 50% -14% -14% $4,271,781
KNB Koonenberrygold 0.017 -11% -2% -62% $2,341,095
AWJ Auric Mining 0.195 5% 39% 205% $26,171,918
AZS Azure Minerals 3.59 -2% 0% 941% $1,655,833,266
ENR Encounter Resources 0.245 0% -17% 104% $104,585,203
SNG Siren Gold 0.06 11% 15% -39% $10,859,747
STN Saturn Metals 0.2 11% 8% 3% $43,636,608
USL Unico Silver Limited 0.16 23% 78% 3% $50,328,770
PNM Pacific Nickel Mines 0.038 52% -19% -48% $15,893,618
AYM Australia United Min 0.003 -25% 0% -25% $5,527,732
ANL Amani Gold Ltd 0.001 0% 0% 0% $25,143,441
HAV Havilah Resources 0.205 21% 37% -33% $58,578,254
SPR Spartan Resources 0.6575 0% 15% 558% $652,165,463
PNT Panthermetalsltd 0.03 3% -21% -75% $2,614,985
MEK Meeka Metals Limited 0.037 3% 3% -14% $44,449,522
GMD Genesis Minerals 1.86 0% 9% 69% $2,142,892,672
PGO Pacgold 0.155 7% 7% -59% $13,042,543
FEG Far East Gold 0.15 -6% 15% -50% $38,638,025
MI6 Minerals260Limited 0.155 3% -6% -65% $37,440,000
IGO IGO Limited 7.255 3% -11% -42% $5,520,482,357
GAL Galileo Mining Ltd 0.245 -13% -4% -66% $51,382,481
RXL Rox Resources 0.2 21% 18% -27% $70,177,309
KIN KIN Min NL 0.071 6% 18% 69% $87,183,141
CLZ Classic Min Ltd 0.011 -35% -78% -78% $2,835,935
TGM Theta Gold Mines Ltd 0.16 -9% 23% 129% $113,846,374
FAL Falconmetalsltd 0.135 0% -18% -62% $23,010,000
SXG Southern Cross Gold 1.905 4% 47% 154% $171,666,793
SPD Southernpalladium 0.33 0% -13% -42% $14,215,848
ORN Orion Minerals Ltd 0.014 0% -7% 0% $81,847,986
TMB Tambourahmetals 0.072 -5% -19% -18% $5,971,705
TMS Tennant Minerals Ltd 0.028 0% 4% -13% $21,406,371
AZY Antipa Minerals Ltd 0.012 0% -8% -37% $53,752,503
PXX Polarx Limited 0.013 0% 8% 34% $21,315,018
TRE Toubani Res Ltd 0.125 -17% 19% -29% $18,071,865
AUN Aurumin 0.043 26% 0% 54% $19,236,276
GPR Geopacific Resources 0.025 32% 79% 25% $19,721,217
FXG Felix Gold Limited 0.05 43% 47% -47% $11,396,831
ILT Iltani Resources Lim 0.15 0% 7% 0% $5,101,576
KGD Kula Gold 0.01 33% 25% -37% $4,620,000
ARD Argent Minerals 0.016 45% 68% 45% $20,668,144
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Notable weekly gainers

Dart Mining (ASX:DTM) +129%

Yandal Resources (ASX:YRL) +48%

Alto Metals (ASX:AME) +47%

Felix Gold (ASX:FXG) +43%

Kula Gold (ASX:KGD) +33%