Gold has outperformed most major asset classes this year including all major US stock indexes to be up by more than 15 per cent, according to the World Gold Council.

Despite the seemingly bullish environment for risk assets in May — global stocks collectively rose by 6 per cent — the gold price edged higher while the holdings of gold-backed ETFs hit record highs.

“As investors look to hedge the economic risks of ballooning budget deficits and high valuations for both stocks and bonds, collective holdings of gold ETFs have now surpassed Germany’s official gold reserves and exceed the official gold reserves of every country except for the US,” it said.

“This also highlights the increasing acceptance of gold ETFs among investors as a means to gain exposure to gold.”

Many of the positive gold demand drivers remain in place, says the World Gold Council.

That includes low interest rates, lingering uncertainty around the economic and social impact of COVID-19 (including a second wave of infections), escalating tensions between the US and China, and challenges in labour markets “not seen in generations”.

Furthermore, the race-related civil unrest that has recently emerged in the US, will create “additional uncertainty” in markets, the council says.

USD (yellow) and AUD (orange) gold prices over the past 2 months.

 

Winners & Losers

Here’s how ASX-listed gold stocks performed for the period June 0105 [intraday]:

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

CODE NAME 1 WEEK RETURN % 1 YEAR RETURN % PRICE [INTRADAY FRIDAY] MARKET CAP
MCT METALICITY 86 87 0.014 $ 18,053,484.00
GED GOLDEN DEEPS 43 -63 0.011 $ 2,806,085.75
BNR BULLETIN RESOURCES 40 471 0.086 $ 13,446,981.00
HMX HAMMER METALS 32 32 0.031 $ 18,441,416.00
STN SATURN METALS 31 115 0.5 $ 42,083,840.00
TNR TORIAN RESOURCES 31 245 0.038 $ 16,928,480.00
TAR TARUGA MINERALS 31 -30 0.017 $ 7,029,627.00
VRC VOLT RESOURCES 29 30 0.023 $ 34,179,064.00
SIH SIHAYO GOLD 27 36 0.016 $ 35,662,092.00
MSR MANAS RESOUCES 25 67 0.005 $ 13,215,812.00
DTM DART MINING 19 -51 0.069 $ 4,426,978.50
MKG MAKO GOLD 18 -10 0.077 $ 8,134,588.00
RML RESOLUTION MINERALS 18 67 0.072 $ 14,863,226.00
AME ALTO METALS 18 128 0.073 $ 21,416,286.00
AUC AUSGOLD 15 -6 0.016 $ 14,380,594.00
CAI CALIDUS RESOURCES 15 64 0.465 $ 107,768,464.00
GBZ GBM RESOURCES 15 129 0.085 $ 20,816,028.00
RGL RIVERSGOLD 14 45 0.031 $ 10,321,606.00
GMR GOLDEN RIM RESOURCES 14 -33 0.008 $ 11,028,670.00
BLK BLACKHAM RESOURCES 14 78 1.6 $ 180,508,656.00
TSO TESORO RESOURCES 13 84 0.078 $ 28,288,524.00
CHN CHALICE GOLD MINES 11 763 1.025 $ 294,431,072.00
CMM CAPRICORN METALS 11 291 1.67 $ 522,882,368.00
WAF WEST AFRICAN RESOURCES 11 195 0.865 $ 757,882,112.00
ARV ARTEMIS RESOURCES 11 -18 0.031 $ 32,048,404.00
BRV BIG RIVER GOLD 10 60 0.033 $ 44,810,864.00
PGI PANTERRA GOLD 10 181 0.044 $ 8,586,233.00
BC8 BLACK CAT SYNDICATE 9 169 0.69 $ 59,730,732.00
VAN VANGO MINING 9 -38 0.105 $ 81,459,552.00
GNM GREAT NORTHERN MINERALS 9 -40 0.013 $ 8,665,045.00
NVA NOVA MINERALS 9 244 0.063 $ 65,710,884.00
GML GATEWAY MINING 8 17 0.013 $ 18,754,624.00
TIE TIETTO MINERALS 8 149 0.35 $ 124,295,200.00
AOP APOLLO CONSOLIDATED 7 49 0.29 $ 79,383,200.00
BYH BRYAH RESOURCES 7 -15 0.063 $ 6,052,430.50
NUS NUSANTARA RESOURCES 6 100 0.32 $ 64,808,288.00
EMR EMERALD RESOURCES 5 24 0.485 $ 252,104,128.00
BBX BBX MINERALS 5 -57 0.1 $ 41,734,168.00
ALK ALKANE RESOURCES 4 205 0.94 $ 548,131,456.00
DCN DACIAN GOLD 4 -51 0.47 $ 269,788,416.00
MAT MATSA RESOURCES 4 -8 0.125 $ 26,095,498.00
HRZ HORIZON MINERALS 4 9 0.115 $ 49,827,272.00
TAM TANAMI GOLD 4 33 0.054 $ 59,929,948.00
CY5 CYGNUS GOLD 4 6 0.057 $ 3,822,060.50
MOH MOHO RESOURCES 4 35 0.081 $ 5,519,881.50
CDV CARDINAL RESOURCES 4 24 0.425 $ 207,510,176.00
SAU SOUTHERN GOLD 4 13 0.145 $ 18,607,670.00
TLM TALISMAN MINING 3 23 0.11 $ 16,983,184.00
PUA PURE ALUMINA 2 -52 0.015 $ 4,335,424.00
CYL CATALYST METALS 2 41 2.76 $ 235,662,992.00
MLL MALI LITHIUM 2 -36 0.097 $ 30,782,766.00
FML FOCUS MINERALS 2 0 0.25 $ 45,687,140.00
GMN GOLD MOUNTAIN 2 8 0.053 $ 32,525,314.00
DGR DGR GLOBAL 2 -41 0.058 $ 42,922,748.00
NAG NAGAMBIE RESOURCES 2 117 0.062 $ 32,495,602.00
TRY TROY RESOURCES 1 -10 0.088 $ 53,725,420.00
BDC BARDOC GOLD 1 53 0.088 $ 124,218,640.00
SBM ST BARBARA 0 19 3.01 $ 2,179,593,216.00
AVW AVIRA RESOURCES 0 0 0.003 $ 3,375,000.00
KGM KALNORTH GOLD MINES 0 75 0.007 $ 6,259,680.50
MDI MIDDLE ISLAND RESOURCES 0 133 0.015 $ 34,113,432.00
GUL GULLEWA 0 103 0.065 $ 10,545,311.00
TMX TERRAIN MINERALS 0 100 0.005 $ 3,615,805.00
WWI WEST WITS MINING 0 57 0.011 $ 10,312,841.00
SPX SPECTRUM METALS 0 764 0.19 $ 273,697,888.00
NXM NEXUS MINERALS 0 14 0.05 $ 5,912,028.00
BGL BELLEVUE GOLD 0 26 0.84 $ 569,513,216.00
LEX LEFROY EXPLORATION 0 3 0.195 $ 18,087,614.00
RXL ROX RESOURCES 0 108 0.025 $ 47,383,284.00
MEU MARMOTA 0 233 0.051 $ 42,269,608.00
MTH MITHRIL RESOURCES 0 180 0.015 $ 23,304,830.00
AYR ALLOY RESOURCES 0 -30 0.015 $ 4,359,783.50
NWM NORWEST MINERALS 0 -21 0.18 $ 14,252,830.00
SLZ SULTAN RESOURCES 0 169 0.145 $ 7,620,048.00
CGN CRATER GOLD MINING 0 -40 0.009 $ 11,047,463.00
PDI PREDICTIVE DISCOVERY -1 342 0.1 $ 65,714,972.00
DEG DE GREY MINING -1 413 0.44 $ 480,232,000.00
MML MEDUSA MINING -1 68 0.7 $ 145,456,016.00
GWR GWR GROUP -1 -43 0.068 $ 17,319,342.00
SKY SKY METALS -2 625 0.295 $ 89,842,120.00
OKU OKLO RESOURCES -2 87 0.27 $ 125,162,984.00
TBR TRIBUNE RESOURCES -2 66 6.33 $ 351,491,712.00
BRB BREAKER RESOURCES -2 -22 0.265 $ 56,673,420.00
NST NORTHERN STAR RESOURCES -2 37 13.43 $ 10,575,297,536.00
HRN HORIZON GOLD -2 75 0.25 $ 18,750,002.00
RSG RESOLUTE MINING -2 -6 1.085 $ 1,229,652,096.00
RMS RAMELIUS RESOURCES -2 80 1.675 $ 1,346,044,672.00
NCM NEWCREST MINING -2 4 28.82 $ 24,263,946,240.00
EVN EVOLUTION MINING -3 42 5.63 $ 9,987,865,600.00
VMC VENUS METALS -3 32 0.17 $ 25,683,376.00
ARS ALT RESOURCES -3 142 0.046 $ 28,548,700.00
E2M E2 METALS -3 -21 0.15 $ 13,780,468.00
MAU MAGNETIC RESOURCES -3 234 1.17 $ 253,113,264.00
RED RED 5 -4 90 0.28 $ 558,270,912.00
OKR OKAPI RESOURCES -4 4 0.135 $ 4,865,787.00
ERM EMMERSON RESOURCES -4 47 0.11 $ 48,858,196.00
RRL REGIS RESOURCES -4 11 5.09 $ 2,601,883,904.00
KRM KINGSROSE MINING -5 -7 0.04 $ 30,660,308.00
PRU PERSEUS MINING -5 156 1.16 $ 1,372,465,152.00
WGX WESTGOLD RESOURCES -5 26 2.2 $ 937,113,472.00
GSN GREAT SOUTHERN MINING -6 174 0.086 $ 34,336,808.00
CWX CARAWINE RESOURCES -6 55 0.18 $ 13,135,708.00
BAR BARRA RESOURCES -6 -33 0.017 $ 10,140,768.00
KCN KINGSGATE CONSOLIDATED -6 63 0.39 $ 93,883,768.00
PRX PRODIGY GOLD -6 -49 0.048 $ 30,773,264.00
GOR GOLD ROAD RESOURCES -7 47 1.6 $ 1,499,911,936.00
SLR SILVER LAKE RESOURCES -7 132 2.01 $ 1,812,478,848.00
ALY ALCHEMY RESOURCES -7 13 0.012 $ 7,156,816.50
DAU DAMPIER GOLD -7 0 0.026 $ 6,663,608.00
AAR ANGLO AUSTRALIAN RESOURCES -7 100 0.13 $ 60,357,200.00
ARM AURORA MINERALS -7 56 0.025 $ 6,090,931.00
BCN BEACON MINERALS -8 89 0.036 $ 105,904,456.00
RND RAND MINING -8 -36 1.9 $ 114,883,584.00
AQI ALICANTO MINERALS -8 73 0.069 $ 17,734,816.00
SFM SANTA FE MINERALS -8 -45 0.055 $ 4,369,127.50
SAR SARACEN MINERAL HOLDINGS -8 38 4.57 $ 5,315,934,208.00
GSM GOLDEN STATE MINING -9 258 0.21 $ 8,926,359.00
KTA KRAKATOA RESOURCES -9 39 0.035 $ 7,875,000.00
NES NELSON RESOURCES -9 -47 0.042 $ 2,165,692.25
KWR KINGWEST RESOURCES -10 -7 0.14 $ 18,285,806.00
CXU CAULDRON ENERGY -11 25 0.025 $ 9,407,246.00
CDT CASTLE MINERALS -11 33 0.009 $ 2,455,343.75
AGS ALLIANCE RESOURCES -11 70 0.15 $ 26,699,978.00
VKA VIKING MINES -13 -36 0.007 $ 3,137,178.50
GBR GREAT BOULDER RESOURCES -13 -56 0.028 $ 3,469,803.75
HAW HAWTHORN RESOURCES -13 136 0.13 $ 46,692,184.00
ARL ARDEA RESOURCES -14 -22 0.275 $ 32,257,620.00
ONX ORMINEX -14 -78 0.042 $ 26,416,006.00
TSC TWENTY SEVEN CO -14 200 0.007 $ 8,917,925.00
DGO DGO GOLD -16 209 1.98 $ 105,972,936.00
AWV ANOVA METALS -17 127 0.023 $ 27,434,912.00
TTM TITAN MINERALS -18 -62 0.066 $ 53,287,680.00
CTO CITIGOLD CORP -20 0 0.005 $ 13,005,866.00
AAJ ARUMA RESOURCES -20 33 0.005 $ 2,837,655.50
LNY LANEWAY RESOURCES -20 -56 0.004 $ 18,600,330.00
DHR DARK HORSE RESOURCES -20 -50 0.002 $ 4,988,126.00
SVL SILVER MINES -21 130 0.105 $ 111,027,184.00
ADN ANDROMEDA METALS -22 489 0.055 $ 79,835,256.00
AMG AUSMEX MINING GROUP -23 -69 0.032 $ 17,522,186.00
ANL AMANI GOLD -25 -25 0.0015 $ 13,668,993.00
DTR DATELINE RESOURCES -25 -50 0.0015 $ 12,315,117.00
SMI SANTANA MINERALS -25 0 0.003 $ 8,051,836.50
A1G AFRICAN GOLD -29 -48 0.1 $ 6,681,500.00
OAU ORA GOLD -30 27 0.014 $ 10,763,392.00
MLS METALS AUSTRALIA -33 0 0.001 $ 3,207,352.75

 

Over the past year, 39 of the companies on our list have made gains of 100 per cent or more. The major miners have been impressive, led by Silver Lake Resources (ASX:SLR) +132%, Perseus Mining (ASX:PRU) +156%, and West African Resources (ASX:WAF) +195%. Just one major, Resolute Mining (ASX:RSG) -6%, is down over the past year.

Weekly Winners:

METALICITY (ASX:MCT) +86%

Metalicity has just launched a new drilling program at its historic, high-grade Kookynie gold project in WA, focused on the previously mined Leipold and McTavish prospects.

But there’s also ~8km of ‘strike’ here – identified this week through mapping and re-processing of regional geophysics — without a drill hole in it.

The structures that host the high-grade Cosmopolitan mine, which produced 360,000oz at 15 grams pet tonne (g/t) gold in the early 1900s, are now thought to extend for ~2km north and south of the mine.

This highlights the ‘camp scale’ potential of the unloved project, Metalicity says, which had already established an exploration target of between 294,000oz and 967,000oz at Kookynie.

READ: Could this WA gold story be the next Spectrum?

 

SATURN METALS (ASX:STN) +30%

The latest round of drilling at Saturn’s flagship~780,000/oz Apollo Hill project has widened the mineralised corridor to 600m and extended the higher-grade hanging wall mineralisation.

Hits included 8m at 5.12g/t gold from 215m and 4m at 15.57g/t from 100m, including 2m at 31g/t from 100m.

Saturn’s plan is to increase the current resource with an update due out later this year.

WATCH: Stockhead V-Con: Gold Out West – The Explorers

 

TORIAN (ASX:TNR) +30%

Hole one of maiden drilling at the Mt Stirling gold camp in WA has hit 274m of quartz‐carbonate veining containing pyrite and ended in mineralisation, Torian (ASX:TNR) says.

Results are “imminent” from this eight-hole drill program — the first in four years — which is testing extensions to a significant historical gold intercept of 35m at 2.99g/t.

A much bigger phase-two drilling program is already planned at Mt Stirling, which neighbours $530m market cap RED 5’s (ASX:RED) King of The Hills mine.