Pic: Via Getty
Gold Digger: Finally! Gold smashes though resistance at US$2000/oz as US economy comes apart at the edges
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- Gold breaches US$2,000oz with ease on weak US economic data
- A weaker jobs report Friday could see record highs tested
- Wednesday small cap standouts: Investigator, Labyrinth, Rox
Our Gold Digger column wraps all the news driving ASX stocks with exposure to precious metals.
After several attempts last month to breach the psychologically important US$2k/oz mark, gold has finally done it with ease.
We woke up yesterday morning to prices of $US2038/oz and $25.2/oz for gold and silver, respectively, as a waning US economy signals the potential end of the rate tightening cycle.
Gold has only traded at this level on two days ever.
“Gold can’t be stopped,” OANDA senior analyst Edward Moya says.
“A weakening economy continues to drive safe haven flows towards gold.
“Gold investors now need to see further evidence that the service sector part of the economy is slowing and that could help the big rally continue.”
Gold has its eye on record highs and it might not take much to get there, Moya says. A weaker jobs report on Friday could see that tested.
“If recession expectations continue to grow for the second half of the year, gold should have a path towards the $2100 level.”
Silver also has plenty of room to run, remaining a long way from its record 1980s levels of ~US$50/oz.
NY gold closes at $2020, 6th highest ever. Meanwhile, silver at $25 is barely half way to its all-time high. Buggy-brained silver bugs … read and weep 🤪🤪🤪 pic.twitter.com/4E70pzknxb
— Mickey Fulp (@mercenarygeo) April 4, 2023
How did ASX precious metals stocks perform yesterday?
Very well. Almost every large and mid-cap stock on our list enjoyed gains, led by former struggler Resolute Mining (ASX:RSG) (+14%) which is now up 140% year-to-date.
RSG crept back over the $1bn mark yesterday and is now at ~20-month highs (but still well below its August 2019 peak of ~$1.80).
All up, 110 precious metals stocks on our list went up yesterday, 46 went down, and 117 stayed the same.
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 | WEDNESDAY RETURN % | YEAR TO DATE RETURN % | 12 MONTH RETURN % | PRICE | MARKET CAP |
|---|---|---|---|---|---|---|
| IVR | Investigator Res Ltd | 37% | 33% | -18% | 0.056 | $58,923,807 |
| DTM | Dart Mining NL | 35% | 25% | -7% | 0.069 | $7,936,649 |
| LRL | Labyrinth Resources | 30% | -24% | -71% | 0.013 | $9,594,873 |
| TUL | Tulla Resources | 29% | 0% | -45% | 0.335 | $83,669,041 |
| A1G | African Gold Ltd. | 27% | 8% | -43% | 0.09 | $12,021,096 |
| RXL | Rox Resources | 24% | 94% | -14% | 0.34 | $61,697,422 |
| RXL | Rox Resources | 24% | 94% | -14% | 0.34 | $61,697,422 |
| KZR | Kalamazoo Resources | 23% | -24% | -56% | 0.16 | $19,476,519 |
| RED | Red 5 Limited | 18% | -13% | -53% | 0.1775 | $481,760,883 |
| AZS | Azure Minerals | 17% | 80% | 7% | 0.405 | $134,631,445 |
| G88 | Golden Mile Res Ltd | 17% | -31% | -79% | 0.014 | $3,161,187 |
| MDI | Middle Island Res | 16% | -5% | -73% | 0.036 | $3,794,965 |
| ENR | Encounter Resources | 16% | -19% | 0% | 0.145 | $44,440,723 |
| WWI | West Wits Mining Ltd | 14% | 0% | -50% | 0.016 | $30,228,528 |
| PNR | Pantoro Limited | 14% | -33% | -78% | 0.064 | $169,613,952 |
| RSG | Resolute Mining | 14% | 140% | 65% | 0.48 | $894,182,759 |
| KSN | Kingston Resources | 13% | 30% | -40% | 0.105 | $38,655,790 |
| SVL | Silver Mines Limited | 13% | 21% | 1% | 0.2425 | $301,864,223 |
| GTR | Gti Energy Ltd | 13% | -17% | -63% | 0.009 | $14,339,869 |
| RDN | Raiden Resources Ltd | 13% | -10% | -70% | 0.0045 | $6,618,330 |
| OBM | Ora Banda Mining Ltd | 13% | 61% | 176% | 0.135 | $193,305,710 |
| FML | Focus Minerals Ltd | 12% | -25% | -22% | 0.19 | $48,714,970 |
| GSN | Great Southern | 11% | -31% | -64% | 0.02 | $11,943,126 |
| GML | Gateway Mining | 11% | 0% | -54% | 0.06 | $14,382,011 |
| PNM | Pacific Nickel Mines | 11% | -2% | -26% | 0.081 | $27,740,310 |
| MKR | Manuka Resources. | 11% | 8% | -69% | 0.092 | $41,732,527 |
| GBZ | GBM Rsources Ltd | 11% | -28% | -78% | 0.031 | $15,757,436 |
| MGV | Musgrave Minerals | 10% | 2% | -35% | 0.215 | $115,285,550 |
| PRX | Prodigy Gold NL | 10% | -8% | -38% | 0.011 | $17,478,828 |
| ADG | Adelong Gold Limited | 10% | 57% | -63% | 0.011 | $5,338,223 |
| RML | Resolution Minerals | 10% | -31% | -68% | 0.0055 | $5,398,731 |
| NML | Navarre Minerals Ltd | 10% | -17% | -63% | 0.034 | $46,589,254 |
| AMI | Aurelia Metals Ltd | 9% | 18% | -70% | 0.1475 | $167,054,024 |
| VMC | Venus Metals Cor Ltd | 9% | 37% | -8% | 0.185 | $30,273,376 |
| SBR | Sabre Resources | 9% | -34% | -58% | 0.025 | $6,704,182 |
| BGL | Bellevue Gold Ltd | 8% | 20% | 35% | 1.36 | $1,417,068,290 |
| STK | Strickland Metals | 8% | -3% | -29% | 0.039 | $55,977,435 |
| BRB | Breaker Res NL | 8% | 42% | 75% | 0.455 | $137,281,022 |
| RMS | Ramelius Resources | 8% | 44% | -8% | 1.34 | $1,082,828,352 |
| PGD | Peregrine Gold | 8% | 5% | -26% | 0.405 | $18,032,726 |
| AAR | Astral Resources NL | 8% | 14% | -24% | 0.082 | $50,571,158 |
| PGO | Pacgold | 8% | 14% | -42% | 0.41 | $20,885,490 |
| AME | Alto Metals Limited | 7% | 7% | -13% | 0.072 | $41,058,637 |
| MAT | Matsa Resources | 7% | 19% | -43% | 0.044 | $16,892,189 |
| GED | Golden Deeps | 7% | -17% | -67% | 0.0075 | $8,086,587 |
| TAR | Taruga Minerals | 7% | -38% | -40% | 0.015 | $9,884,375 |
| BTR | Brightstar Resources | 7% | -12% | -53% | 0.015 | $11,656,804 |
| ORN | Orion Minerals Ltd | 7% | -6% | -42% | 0.015 | $76,520,651 |
| MOH | Moho Resources | 7% | -24% | -71% | 0.016 | $3,114,933 |
| ZNC | Zenith Minerals Ltd | 7% | -40% | -62% | 0.16 | $52,755,907 |
| TIE | Tietto Minerals | 7% | 3% | 38% | 0.725 | $739,518,693 |
| GMR | Golden Rim Resources | 6% | 6% | -51% | 0.033 | $18,339,239 |
| USL | Unico Silver Limited | 6% | -3% | -31% | 0.165 | $38,650,361 |
| RRL | Regis Resources | 6% | 5% | 5% | 2.16 | $1,532,702,628 |
| AUC | Ausgold Limited | 6% | 9% | -24% | 0.051 | $97,414,778 |
| CHZ | Chesser Resources | 6% | 0% | -29% | 0.085 | $47,088,108 |
| HRZ | Horizon | 6% | -15% | -63% | 0.052 | $34,152,200 |
| SLR | Silver Lake Resource | 6% | 4% | -42% | 1.23 | $1,078,503,426 |
| MRR | Minrex Resources Ltd | 6% | -44% | -80% | 0.018 | $18,442,748 |
| CYL | Catalyst Metals | 5% | -17% | -50% | 0.98 | $162,456,885 |
| AGG | AngloGold Ashanti | 5% | 27% | 18% | 7.455 | $631,590,976 |
| GSR | Greenstone Resources | 5% | -38% | -44% | 0.02 | $22,945,901 |
| DEG | De Grey Mining | 5% | 25% | 22% | 1.6 | $2,372,973,711 |
| WGX | Westgold Resources. | 5% | 65% | -26% | 1.445 | $651,231,254 |
| EMR | Emerald Res NL | 5% | 27% | 22% | 1.5075 | $852,104,411 |
| IPT | Impact Minerals | 5% | 50% | -10% | 0.0105 | $24,813,706 |
| KAI | Kairos Minerals Ltd | 5% | -9% | -34% | 0.021 | $39,281,870 |
| XAM | Xanadu Mines Ltd | 5% | 45% | 35% | 0.042 | $65,512,968 |
| GCY | Gascoyne Res Ltd | 5% | -37% | -58% | 0.105 | $69,363,811 |
| NXM | Nexus Minerals Ltd | 5% | -18% | -66% | 0.165 | $51,258,896 |
| MRZ | Mont Royal Resources | 5% | -37% | -66% | 0.11 | $7,190,680 |
| SRN | Surefire Rescs NL | 5% | 83% | 16% | 0.022 | $33,208,633 |
| CY5 | Cygnus Metals Ltd | 5% | -42% | 33% | 0.22 | $38,613,585 |
| SXG | Southern Cross Gold | 5% | -2% | 0% | 0.785 | $67,369,474 |
| BC8 | Black Cat Syndicate | 5% | 30% | -23% | 0.46 | $117,288,359 |
| EVN | Evolution Mining Ltd | 4% | 13% | -24% | 3.36 | $5,908,752,547 |
| GOR | Gold Road Res Ltd | 4% | 7% | 12% | 1.81 | $1,871,061,113 |
| WA8 | Warriedarresourltd | 4% | -18% | 0% | 0.14 | $58,192,940 |
| S2R | S2 Resources | 4% | -18% | -24% | 0.14 | $55,362,355 |
| CMM | Capricorn Metals | 3% | 4% | 12% | 4.79 | $1,739,760,350 |
| NSM | Northstaw | 3% | -3% | -48% | 0.15 | $17,418,415 |
| GBR | Greatbould Resources | 3% | 1% | -30% | 0.091 | $39,508,917 |
| TMB | Tambourahmetals | 3% | -13% | -68% | 0.091 | $3,624,949 |
| NST | Northern Star | 3% | 19% | 21% | 13.01 | $14,489,312,796 |
| KCN | Kingsgate Consolid. | 3% | -12% | -11% | 1.51 | $369,207,132 |
| BCN | Beacon Minerals | 3% | 21% | 3% | 0.034 | $123,973,350 |
| MBK | Metal Bank Ltd | 3% | 0% | -43% | 0.034 | $9,124,022 |
| PRU | Perseus Mining Ltd | 3% | 14% | 27% | 2.4 | $3,187,159,398 |
| EMC | Everest Metals Corp | 3% | -10% | -49% | 0.071 | $7,343,885 |
| NCM | Newcrest Mining | 3% | 35% | 3% | 27.94 | $24,323,075,910 |
| CHN | Chalice Mining Ltd | 3% | 20% | 3% | 7.57 | $2,774,415,820 |
| ERM | Emmerson Resources | 3% | 4% | -48% | 0.078 | $41,397,944 |
| MEU | Marmota Limited | 3% | -19% | -15% | 0.039 | $40,234,422 |
| MZZ | Matador Mining Ltd | 3% | -30% | -70% | 0.081 | $24,902,288 |
| ALK | Alkane Resources Ltd | 3% | 51% | -35% | 0.81 | $473,046,148 |
| FEG | Far East Gold | 2% | -35% | 29% | 0.31 | $46,297,084 |
| SSR | SSR Mining Inc. | 2% | 2% | -20% | 23.42 | $428,643,193 |
| GWR | GWR Group Ltd | 2% | 47% | -47% | 0.087 | $27,303,416 |
| M2R | Miramar | 2% | -45% | -76% | 0.044 | $3,359,235 |
| CAI | Calidus Resources | 2% | -19% | -78% | 0.22 | $94,503,431 |
| MEK | Meeka Metals Limited | 2% | -35% | -14% | 0.044 | $45,907,184 |
| LEX | Lefroy Exploration | 2% | -12% | -26% | 0.23 | $36,103,050 |
| AUT | Auteco Minerals | 2% | -10% | -37% | 0.046 | $104,077,634 |
| HMX | Hammer Metals Ltd | 2% | 44% | -18% | 0.098 | $78,855,106 |
| AGC | AGC Ltd | 2% | -8% | -38% | 0.055 | $5,400,000 |
| WAF | West African Res Ltd | 2% | -13% | -21% | 1.0175 | $1,023,577,747 |
| AWJ | Auric Mining | 2% | 2% | -24% | 0.065 | $8,375,014 |
| PDI | Predictive Disc Ltd | 1% | -4% | -18% | 0.1725 | $303,557,446 |
| FG1 | Flynngold | 1% | -19% | -44% | 0.081 | $8,229,883 |
| RND | Rand Mining Ltd | 1% | 3% | -11% | 1.4 | $79,057,586 |
| SFR | Sandfire Resources | 0% | 16% | 10% | 6.31 | $2,878,419,146 |
| NPM | Newpeak Metals | 0% | 0% | 0% | 0.001 | $9,145,132 |
| MTC | Metalstech Ltd | 0% | -35% | -8% | 0.34 | $60,334,561 |
| FFX | Firefinch Ltd | 0% | 0% | -54% | 0.2 | $236,569,315 |
| DCX | Discovex Res Ltd | 0% | 0% | -65% | 0.003 | $9,907,704 |
| NMR | Native Mineral Res | 0% | -69% | -83% | 0.034 | $4,084,717 |
| AQX | Alice Queen Ltd | 0% | -25% | -79% | 0.0015 | $3,795,431 |
| SLZ | Sultan Resources Ltd | 0% | -54% | -76% | 0.039 | $4,028,091 |
| MKG | Mako Gold | 0% | 3% | -54% | 0.041 | $19,337,706 |
| PNX | PNX Metals Limited | 0% | -29% | -47% | 0.003 | $16,141,874 |
| GIB | Gibb River Diamonds | 0% | -25% | -25% | 0.045 | $9,517,925 |
| TMX | Terrain Minerals | 0% | -17% | -62% | 0.005 | $5,415,997 |
| SKY | SKY Metals Ltd | 0% | -15% | -66% | 0.041 | $15,448,122 |
| CST | Castile Resources | 0% | -6% | -48% | 0.089 | $21,529,316 |
| YRL | Yandal Resources | 0% | -6% | -62% | 0.092 | $14,517,883 |
| FAU | First Au Ltd | 0% | 25% | -67% | 0.005 | $5,473,916 |
| ARL | Ardea Resources Ltd | 0% | -34% | -75% | 0.47 | $80,606,303 |
| BNZ | Benzmining | 0% | 0% | -44% | 0.41 | $29,952,468 |
| PUA | Peak Minerals Ltd | 0% | -33% | -80% | 0.004 | $4,165,506 |
| SMS | Starmineralslimited | 0% | 0% | -64% | 0.072 | $2,170,209 |
| MVL | Marvel Gold Limited | 0% | -31% | -61% | 0.018 | $12,691,699 |
| AAU | Antilles Gold Ltd | 0% | 23% | -46% | 0.037 | $18,030,494 |
| CWX | Carawine Resources | 0% | -7% | -56% | 0.093 | $18,304,025 |
| CAZ | Cazaly Resources | 0% | -21% | -34% | 0.027 | $10,039,188 |
| BMR | Ballymore Resources | 0% | -3% | -22% | 0.145 | $13,966,031 |
| REZ | Resourc & En Grp Ltd | 0% | 0% | -67% | 0.016 | $7,996,893 |
| AM7 | Arcadia Minerals | 0% | -2% | -25% | 0.2 | $9,339,578 |
| KAL | Kalgoorliegoldmining | 0% | -40% | -69% | 0.05 | $3,876,051 |
| ADN | Andromeda Metals Ltd | 0% | 7% | -74% | 0.047 | $146,170,396 |
| SIH | Sihayo Gold Limited | 0% | 0% | -60% | 0.002 | $12,204,256 |
| WCN | White Cliff Min Ltd | 0% | -50% | -79% | 0.007 | $5,488,381 |
| AVM | Advance Metals Ltd | 0% | -10% | -44% | 0.009 | $5,238,397 |
| WRM | White Rock Min Ltd | 0% | -5% | -70% | 0.063 | $17,373,121 |
| MCT | Metalicity Limited | 0% | -33% | -65% | 0.002 | $7,009,079 |
| CTO | Citigold Corp Ltd | 0% | 0% | -33% | 0.006 | $17,241,955 |
| MHC | Manhattan Corp Ltd | 0% | -9% | -64% | 0.005 | $14,681,393 |
| TRY | Troy Resources Ltd | 0% | 0% | 0% | 0.0295 | $62,920,961 |
| CGN | Crater Gold Min Ltd | 0% | 0% | 0% | 0.014499 | $17,965,037 |
| SVG | Savannah Goldfields | 0% | -16% | -33% | 0.16 | $30,215,750 |
| GUL | Gullewa Limited | 0% | -8% | -20% | 0.055 | $10,767,521 |
| G50 | Gold50Limited | 0% | -16% | -11% | 0.21 | $11,958,030 |
| ADV | Ardiden Ltd | 0% | 14% | -50% | 0.008 | $21,506,683 |
| NAE | New Age Exploration | 0% | -14% | -60% | 0.006 | $8,615,393 |
| VKA | Viking Mines Ltd | 0% | 10% | 0% | 0.011 | $11,277,843 |
| MTH | Mithril Resources | 0% | -43% | -82% | 0.002 | $6,526,180 |
| RMX | Red Mount Min Ltd | 0% | -20% | -56% | 0.004 | $9,087,404 |
| PRS | Prospech Limited | 0% | -22% | -53% | 0.021 | $2,132,411 |
| XTC | Xantippe Res Ltd | 0% | -20% | -69% | 0.004 | $42,320,399 |
| MAU | Magnetic Resources | 0% | -19% | -52% | 0.7 | $160,658,667 |
| EM2 | Eagle Mountain | 0% | -12% | -69% | 0.15 | $45,745,029 |
| BYH | Bryah Resources Ltd | 0% | -15% | -57% | 0.022 | $6,187,576 |
| NVA | Nova Minerals Ltd | 0% | -32% | -51% | 0.465 | $98,063,746 |
| DCN | Dacian Gold Ltd | 0% | -23% | -70% | 0.077 | $93,693,672 |
| ICL | Iceni Gold | 0% | -16% | -39% | 0.067 | $8,589,161 |
| GMN | Gold Mountain Ltd | 0% | -57% | -63% | 0.003 | $5,909,798 |
| MEG | Megado Minerals Ltd | 0% | -4% | -61% | 0.043 | $6,151,389 |
| HMG | Hamelingoldlimited | 0% | -40% | -46% | 0.087 | $9,570,000 |
| TBA | Tombola Gold Ltd | 0% | 0% | -38% | 0.026 | $33,129,243 |
| TBR | Tribune Res Ltd | 0% | -6% | -20% | 3.77 | $197,804,650 |
| HRN | Horizon Gold Ltd | 0% | 10% | -16% | 0.34 | $42,561,758 |
| CLA | Celsius Resource Ltd | 0% | -6% | -48% | 0.015 | $28,056,793 |
| KCC | Kincora Copper | 0% | -8% | -44% | 0.067 | $7,990,438 |
| EMU | EMU NL | 0% | -59% | -84% | 0.002 | $2,900,043 |
| SFM | Santa Fe Minerals | 0% | -25% | -67% | 0.06 | $4,369,127 |
| X64 | Ten Sixty Four Ltd | 0% | -11% | -37% | 0.57 | $130,184,182 |
| HAW | Hawthorn Resources | 0% | -37% | -22% | 0.073 | $24,456,140 |
| BGD | Bartongoldholdings | 0% | 18% | -6% | 0.235 | $20,288,278 |
| SVY | Stavely Minerals Ltd | 0% | -27% | -60% | 0.18 | $58,706,769 |
| RVR | Red River Resources | 0% | 0% | -71% | 0.073 | $37,847,908 |
| TSO | Tesoro Gold Ltd | 0% | -22% | -66% | 0.028 | $29,498,352 |
| MM8 | Medallion Metals. | 0% | -10% | -51% | 0.14 | $32,288,553 |
| CBY | Canterbury Resources | 0% | -7% | -46% | 0.038 | $5,491,894 |
| LYN | Lycaonresources | 0% | -31% | -53% | 0.19 | $6,254,563 |
| TMZ | Thomson Res Ltd | 0% | -74% | -89% | 0.005 | $4,349,755 |
| TAM | Tanami Gold NL | 0% | -5% | -38% | 0.037 | $43,478,591 |
| WMC | Wiluna Mining Corp | 0% | 0% | -73% | 0.205 | $74,238,031 |
| NWM | Norwest Minerals | 0% | -24% | -36% | 0.041 | $10,142,220 |
| BMO | Bastion Minerals | 0% | -24% | -86% | 0.026 | $4,144,701 |
| IDA | Indiana Resources | 0% | -9% | -12% | 0.05 | $25,135,241 |
| GSM | Golden State Mining | 0% | -21% | -65% | 0.034 | $3,978,483 |
| THR | Thor Energy PLC | 0% | -25% | -76% | 0.0045 | $6,651,508 |
| CDR | Codrus Minerals Ltd | 0% | -35% | -14% | 0.085 | $3,436,550 |
| BAT | Battery Minerals Ltd | 0% | 25% | -38% | 0.005 | $14,676,212 |
| POL | Polymetals Resources | 0% | -22% | 58% | 0.19 | $8,584,711 |
| RDS | Redstone Resources | 0% | 0% | -20% | 0.008 | $5,894,659 |
| NAG | Nagambie Resources | 0% | -32% | -17% | 0.045 | $24,106,221 |
| KAU | Kaiser Reef | 0% | 6% | -19% | 0.175 | $24,797,094 |
| CDT | Castle Minerals | 0% | -5% | -71% | 0.02 | $22,489,860 |
| CXU | Cauldron Energy Ltd | 0% | 0% | -60% | 0.007 | $6,520,981 |
| ALY | Alchemy Resource Ltd | 0% | -39% | -7% | 0.014 | $16,493,068 |
| SBM | St Barbara Limited | 0% | -17% | -55% | 0.645 | $526,669,361 |
| SAU | Southern Gold | 0% | -12% | -58% | 0.022 | $6,606,276 |
| CEL | Challenger Exp Ltd | 0% | -9% | -52% | 0.16 | $167,463,740 |
| OZM | Ozaurum Resources | 0% | -27% | -56% | 0.048 | $6,096,000 |
| AQI | Alicanto Min Ltd | 0% | 2% | -56% | 0.044 | $19,633,399 |
| KTA | Krakatoa Resources | 0% | -36% | -53% | 0.028 | $9,651,878 |
| ARN | Aldoro Resources | 0% | 16% | -39% | 0.185 | $20,888,779 |
| NES | Nelson Resources. | 0% | -29% | -66% | 0.005 | $2,942,972 |
| PUR | Pursuit Minerals | 0% | 0% | -61% | 0.016 | $41,329,347 |
| ICG | Inca Minerals Ltd | 0% | -22% | -88% | 0.018 | $8,691,361 |
| OAU | Ora Gold Limited | 0% | -50% | -73% | 0.0025 | $9,842,313 |
| GNM | Great Northern | 0% | -25% | -50% | 0.003 | $5,127,153 |
| TRM | Truscott Mining Corp | 0% | 15% | 18% | 0.047 | $7,856,382 |
| DEX | Duke Exploration | 0% | 0% | -67% | 0.053 | $5,587,240 |
| MOM | Moab Minerals Ltd | 0% | -22% | -75% | 0.007 | $4,773,744 |
| KNB | Koonenberrygold | 0% | -3% | -33% | 0.06 | $4,545,387 |
| STN | Saturn Metals | 0% | 8% | -47% | 0.195 | $29,551,962 |
| AYM | Australia United Min | 0% | 33% | -43% | 0.004 | $7,370,310 |
| ANL | Amani Gold Ltd | 0% | 0% | -50% | 0.001 | $24,693,441 |
| PNT | Panthermetalsltd | 0% | -36% | -46% | 0.12 | $3,690,000 |
| GMD | Genesis Minerals | 0% | -12% | -41% | 1.1 | $456,618,702 |
| MI6 | Minerals260Limited | 0% | 29% | -11% | 0.44 | $99,880,000 |
| KIN | KIN Min NL | 0% | -35% | -54% | 0.042 | $49,482,323 |
| CLZ | Classic Min Ltd | 0% | -89% | -99% | 0.001 | $2,437,440 |
| TGM | Theta Gold Mines Ltd | 0% | 3% | -44% | 0.07 | $43,330,635 |
| FAL | Falconmetalsltd | 0% | 27% | -13% | 0.355 | $62,835,000 |
| SPD | Southernpalladium | 0% | -30% | 0% | 0.565 | $24,339,255 |
| LM8 | Lunnonmetalslimited | -1% | 24% | 14% | 1.11 | $123,061,262 |
| HCH | Hot Chili Ltd | -1% | 23% | -30% | 1.08 | $130,195,275 |
| IGO | IGO Limited | -1% | -8% | -17% | 12.42 | $9,496,138,375 |
| ADT | Adriatic Metals | -1% | 18% | 47% | 3.73 | $830,638,950 |
| BNR | Bulletin Res Ltd | -1% | -4% | -71% | 0.089 | $26,423,199 |
| AAJ | Aruma Resources Ltd | -1% | 34% | -54% | 0.071 | $11,301,228 |
| TCG | Turaco Gold Limited | -1% | 21% | -36% | 0.07 | $30,367,883 |
| RDT | Red Dirt Metals Ltd | -1% | -26% | -51% | 0.35 | $157,942,159 |
| TG1 | Techgen Metals Ltd | -2% | -23% | -61% | 0.063 | $3,540,278 |
| QML | Qmines Limited | -2% | -6% | -51% | 0.155 | $14,207,923 |
| KRM | Kingsrose Mining Ltd | -2% | -5% | -21% | 0.062 | $47,409,171 |
| SPQ | Superior Resources | -2% | 4% | 14% | 0.058 | $100,372,005 |
| M24 | Mamba Exploration | -2% | -32% | -35% | 0.098 | $6,098,334 |
| ANX | Anax Metals Ltd | -3% | 38% | -25% | 0.073 | $30,704,612 |
| DTR | Dateline Resources | -3% | -54% | -82% | 0.017 | $11,155,935 |
| DRE | Dreadnought Resources Ltd | -3% | -40% | 29% | 0.063 | $214,092,334 |
| LCL | Los Cerros Limited | -3% | -49% | -74% | 0.029 | $23,829,134 |
| TLM | Talisman Mining | -3% | 4% | -15% | 0.145 | $28,160,925 |
| GAL | Galileo Mining Ltd | -3% | -20% | 218% | 0.7 | $143,278,072 |
| CPM | Coopermetalslimited | -4% | 17% | -38% | 0.275 | $11,712,075 |
| BM8 | Battery Age Minerals | -4% | -27% | -22% | 0.365 | $28,202,902 |
| SNG | Siren Gold | -4% | -48% | -78% | 0.095 | $13,291,622 |
| BBX | BBX Minerals Ltd | -4% | -18% | -31% | 0.086 | $44,164,933 |
| SMI | Santana Minerals Ltd | -5% | 22% | 38% | 0.8 | $124,973,182 |
| VRC | Volt Resources Ltd | -5% | -33% | -47% | 0.01 | $41,363,951 |
| HAV | Havilah Resources | -5% | -12% | 57% | 0.29 | $96,574,959 |
| TTM | Titan Minerals | -5% | -18% | -42% | 0.055 | $81,853,845 |
| KWR | Kingwest Resources | -6% | -3% | -79% | 0.034 | $10,142,165 |
| RGL | Riversgold | -6% | -50% | -83% | 0.015 | $15,127,483 |
| ARV | Artemis Resources | -7% | -44% | -79% | 0.014 | $23,421,276 |
| LCY | Legacy Iron Ore | -7% | -26% | -30% | 0.014 | $96,102,393 |
| OKR | Okapi Resources | -7% | -10% | -55% | 0.135 | $26,619,943 |
| MXR | Maximus Resources | -7% | 0% | -52% | 0.04 | $13,719,398 |
| ZAG | Zuleika Gold Ltd | -7% | -38% | -57% | 0.013 | $7,322,709 |
| MLS | Metals Australia | -7% | -15% | -78% | 0.038 | $24,888,484 |
| ASO | Aston Minerals Ltd | -8% | 50% | -37% | 0.12 | $144,915,021 |
| HXG | Hexagon Energy | -8% | -29% | -72% | 0.012 | $6,667,907 |
| MEI | Meteoric Resources | -8% | 117% | 721% | 0.115 | $191,446,761 |
| A8G | Australasian Metals | -8% | -13% | -68% | 0.165 | $7,410,689 |
| ASR | Asra Minerals Ltd | -9% | -50% | -62% | 0.01 | $16,138,305 |
| SI6 | SI6 Metals Limited | -9% | -17% | -50% | 0.005 | $8,224,670 |
| PKO | Peako Limited | -10% | -38% | -55% | 0.009 | $3,792,153 |
| BEZ | Besragoldinc | -11% | 198% | 154% | 0.155 | $61,925,830 |
| GRL | Godolphin Resources | -13% | -22% | -54% | 0.065 | $8,877,709 |
| AL8 | Alderan Resource Ltd | -22% | 0% | -71% | 0.007 | $5,466,680 |
| AVW | Avira Resources Ltd | -33% | -33% | -75% | 0.002 | $6,401,370 |
Small cap standouts: Wednesday
INVESTIGATOR RESOURCES (ASX:IVR)
(Up on no news)
IVR owns the advanced Paris project in South Australia, where a 2021 pre-feasibility study envisaged 26.7Moz of production over a short 5-7 year life.
Based on an all-in sustaining cost of $17.45/oz ($US11.61/oz) IVR is expecting life of mine free cashflow of between $487m-$602m. It would cost $131m to build.
Those numbers are based on silver recovery only; lead recoveries will be addressed in the DFS which is currently underway.
Meanwhile, a ~7000m step out drilling program was recently completed to grow the shallow 18.8Mt @ 88g/t silver and 0.52% lead resource (53.1Moz silver and 97.6kt lead).
Initial results have been solid – including a highlight 17m @ 130g/t from 175m – with the bulk of the assays due mid-April.
LABYRINTH RESOURCES (ASX:LRL)
(Up on no news)
LRL is embarking on two significant gold exploration programs.
The company already boasts a 500,000oz at 5g/t resource at its namesake project along the mineral-rich Abitibi greenstone belt in Quebec, Canada. More drilling to grow this high-grade resource is now in the works.
Earlier this week it announced negotiations with Quebec projects vendor GETT Gold are ongoing “regarding the terms and conditions of the project acquisition agreement and the subsequent amendments”, which has pushed out the payment date one month to 30 April.
At its historic Comet Vale project in WA, the company has now embarked on a 20-hole, 15,000m program to test the high-grade Sovereign Trend.
It will be the “first genuine surface exploration undertaken at the project for 15 years,” LRL says. An updated resource estimate for Sovereign is due in the current quarter.
ROX RESOURCES (ASX:RXL)
RXL has defined a sizeable (and high grade) 3.02Moz open pit and underground resource at the flagship Youanmi project in WA.
It is now halfway through a 23km resource development and near mine drilling program and results are dribbling in, with yesterday’s highlights including several 4-8m-thick hits grading between 8-14g/t at the ‘Link’ target.
These are well above the already high average underground grade at Youanmi of 6.89g/t.
“Our confidence that Youanmi is a large-scale, high-grade gold system with enormous upside continues to grow with each drill result that we receive,” RXL managing director Rob Ryan says.
“The first results from Link show a higher-grade tenor of gold mineralisation than our geological models indicated, suggesting that this sector of the deposit will contribute positively to the planned Mineral Resource review and update later this year to be included in the Feasibility Study.”
Last week it was announced that the Youanmi JV with Venus Metals would be consolidated into RXL to simplify the ownership structure ahead of development.
RXL will shell out 110m shares to VMC for its part in the JV – worth ~$30.8m, equivalent to VMC’s entire market cap — with 55m of those to be distributed to shareholders.
The remaining 55m shares with be retained by VMC, which will own 18% of RXL once the deal completes.
A recently published Scoping Study – the first proper look at the economics of (re)building a project — contemplated a 71,000oz per annum operation.
Over an initial eight-year mine life it would produce 569koz of gold at an all-in sustaining cost of $1,546/ounce.
The pre-tax NPV came in at just over $300 million with an internal rate of return of 45% assuming a gold price of $2,450/oz (currently ~$3000/oz Aussie).
