Pic: Via Getty
Gold Digger: Gold and silver are up 20-30% in six months, handily outperforming all the major indexes
Mining
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- Gold and silver edged higher Tuesday to US$1996/oz and US$25.15/oz
- Unhedged Gold Road Resources (ASX:GOR) sells 41,818oz in March quarter at a record average price of A$2,764 per ounce
- Small Cap Standouts: Metalstech, Los Cerros
Our Gold Digger column wraps all the news driving ASX stocks with exposure to precious metals.
Over the past month gold has rallied whenever there are expectations that any of the big risks on the table — mega-cap tech earnings, looming debt ceiling drama, key US data points — will force the Fed to cut rates, OANDA senior analyst Ed Moya says.
“Gold is trying to get back where it belongs, above the US$2,000 an ounce level,” he says.
“A weakening dollar is helping send bullion higher as investors start to grow more confident that the Fed will have to deliver more rate cuts next year.
“Wall Street sees something breaking and that allows the Fed to shift gears from its inflation fighting mode.”
“Gold’s bullish outlook is based on the amount of risk that is on the table: earnings risk, slower lending, financial stability concerns, and sticky inflation.”
Gold and silver edged higher Tuesday to US$1996/oz and US$25.15/oz.
They are now up a respective 20% and 30% over the past six months to outclass all the major indexes.
Over the same period the ASX 200 is up 7.7%, NASDAQ up 7.5%, S&P 500 up 7.2% and the Dow Jones up 6.4%.
Besides crypto, you’d struggle to find an asset class that has performed better than precious metals.
How did ASX gold stocks perform Monday?
A fairly soft day as quarterly reports continue to trickle in.
Unhedged Gold Road Resources (ASX:GOR) was one of the good ones as its flagship 50%-owned Gruyere JV delivered quarterly gold production of 82,604oz (100% basis) (December quarter: 74,201 ounces).
AISC of A$1,399/oz was a big improvement on the December quarter (A$1,622 per ounce) and sets it apart as one of the lowest cost operations on the ASX.
GOR gold sales totalled 41,818oz at a record average price of A$2,764 per ounce. Gold Road’s production is fully unhedged, which means it is exposed to any upside in the gold price.
FY23 guidance is unchanged at between 340,000-370,000oz (170,000-185,000oz attributable) at an AISC between A$1,540 and A$1,660 per attributable ounce.
It also says grades are anticipated to lift through 2023 as mining progresses through higher-grade fresh ore.
In a post presso Q&A the company refused to be drawn into what it would/could do with its growing cash pile of $127.9 million. It also has listed investments with a market value of ~$480.5m.
Most of that is tied up in a 19.73% stake in emerging mid-tier De Grey Mining (ASX:DEG), which is expected to release a DFS on the +10.6Moz Mallina gold project mid-year.
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 | % Monday | % Week | % Month | % YTD | % 12 month return | Price | Market Cap |
|---|---|---|---|---|---|---|---|---|
| OAU | Ora Gold Limited | 50% | 0% | 50% | -40% | -72% | 0.003 | $7,873,850 |
| MTC | Metalstech Ltd | 33% | 20% | 13% | -26% | 31% | 0.385 | $51,461,831 |
| SIH | Sihayo Gold Limited | 25% | 25% | 150% | 25% | -17% | 0.0025 | $12,204,256 |
| MTH | Mithril Resources | 25% | 25% | 25% | -29% | -75% | 0.0025 | $6,526,180 |
| THR | Thor Energy PLC | 25% | 25% | 25% | -17% | -69% | 0.005 | $5,904,451 |
| BAT | Battery Minerals Ltd | 17% | -13% | -13% | -13% | -63% | 0.0035 | $8,848,327 |
| TSO | Tesoro Gold Ltd | 16% | 29% | 24% | 0% | -53% | 0.036 | $32,658,890 |
| BTR | Brightstar Resources | 14% | 14% | 0% | -6% | -47% | 0.016 | $11,656,804 |
| TAR | Taruga Minerals | 11% | 5% | 25% | -17% | -9% | 0.02 | $12,708,482 |
| G88 | Golden Mile Res Ltd | 11% | -9% | 40% | 3% | -65% | 0.021 | $5,005,213 |
| LEX | Lefroy Exploration | 9% | 13% | 44% | 13% | -13% | 0.295 | $43,323,661 |
| CDR | Codrus Minerals Ltd | 9% | 0% | 39% | -4% | 32% | 0.125 | $4,649,450 |
| IPT | Impact Minerals | 8% | 8% | 30% | 86% | -16% | 0.013 | $29,776,447 |
| CAZ | Cazaly Resources | 8% | 0% | 8% | -18% | -28% | 0.028 | $9,667,367 |
| CLA | Celsius Resource Ltd | 7% | 0% | 7% | 0% | -38% | 0.016 | $28,090,775 |
| DTR | Dateline Resources | 6% | 0% | 6% | -49% | -85% | 0.019 | $11,588,752 |
| ERM | Emmerson Resources | 5% | 4% | 4% | 7% | -35% | 0.08 | $41,397,944 |
| TTM | Titan Minerals | 5% | 8% | 3% | -4% | -36% | 0.064 | $86,087,664 |
| VRC | Volt Resources Ltd | 5% | -8% | 10% | -27% | -59% | 0.011 | $41,363,951 |
| KAI | Kairos Minerals Ltd | 5% | 0% | 5% | -4% | -27% | 0.022 | $41,245,963 |
| HMG | Hamelingoldlimited | 5% | 5% | 28% | -21% | -26% | 0.115 | $12,100,000 |
| BYH | Bryah Resources Ltd | 4% | 0% | 33% | -8% | -59% | 0.024 | $6,468,830 |
| BM8 | Battery Age Minerals | 4% | -1% | 1% | -27% | -27% | 0.365 | $25,976,357 |
| GIB | Gibb River Diamonds | 4% | 0% | -18% | -18% | -25% | 0.049 | $9,940,944 |
| FML | Focus Minerals Ltd | 4% | -6% | 4% | -25% | -21% | 0.1925 | $53,013,349 |
| GBZ | GBM Rsources Ltd | 4% | -19% | -6% | -33% | -76% | 0.029 | $15,768,496 |
| GRL | Godolphin Resources | 4% | 15% | 35% | 6% | -41% | 0.088 | $10,061,403 |
| MEI | Meteoric Resources | 3% | 20% | 30% | 183% | 782% | 0.15 | $251,449,152 |
| LCL | Los Cerros Limited | 3% | 3% | -3% | -46% | -70% | 0.031 | $23,829,134 |
| RDT | Red Dirt Metals Ltd | 3% | 6% | 43% | -2% | -21% | 0.465 | $200,298,371 |
| ZNC | Zenith Minerals Ltd | 3% | 10% | -13% | -38% | -63% | 0.165 | $56,272,967 |
| RED | Red 5 Limited | 3% | -13% | 18% | -20% | -61% | 0.165 | $553,517,341 |
| FG1 | Flynngold | 3% | -21% | -5% | -26% | -52% | 0.074 | $7,406,895 |
| G50 | Gold50Limited | 3% | 0% | -9% | -20% | -20% | 0.2 | $11,103,885 |
| EMR | Emerald Res NL | 3% | 3% | 15% | 53% | 45% | 1.815 | $1,051,027,740 |
| BBX | BBX Minerals Ltd | 3% | -9% | -29% | -22% | -34% | 0.082 | $40,457,718 |
| KAU | Kaiser Reef | 3% | 14% | 14% | 24% | 0% | 0.205 | $28,339,536 |
| SVL | Silver Mines Limited | 2% | -13% | 36% | 13% | -8% | 0.225 | $308,953,071 |
| SPD | Southernpalladium | 2% | -6% | -2% | -37% | 0% | 0.51 | $21,539,164 |
| AGC | AGC Ltd | 2% | -4% | 0% | -13% | -46% | 0.052 | $5,100,000 |
| HAV | Havilah Resources | 2% | -10% | -15% | -17% | 49% | 0.275 | $85,492,587 |
| ICL | Iceni Gold | 2% | -7% | -30% | -21% | -59% | 0.063 | $7,948,179 |
| TCG | Turaco Gold Limited | 2% | -6% | -2% | 12% | -38% | 0.065 | $27,373,867 |
| OZM | Ozaurum Resources | 2% | 10% | 55% | -2% | -66% | 0.065 | $8,128,000 |
| ANX | Anax Metals Ltd | 1% | 1% | 18% | 34% | -43% | 0.071 | $28,657,638 |
| SMI | Santana Minerals Ltd | 1% | -8% | -4% | 10% | -1% | 0.72 | $105,632,095 |
| PDI | Predictive Disc Ltd | 1% | 4% | 4% | 4% | -11% | 0.1875 | $331,245,962 |
| SPQ | Superior Resources | 1% | -8% | -28% | -28% | 1% | 0.0405 | $68,048,817 |
| DCN | Dacian Gold Ltd | 1% | -1% | 5% | -16% | -70% | 0.084 | $100,994,478 |
| YRL | Yandal Resources | 1% | -6% | -4% | -11% | -68% | 0.087 | $13,571,065 |
| IGO | IGO Limited | 1% | 4% | 16% | 4% | -1% | 13.97 | $10,473,013,854 |
| LM8 | Lunnonmetalslimited | 1% | -1% | 16% | 30% | 6% | 1.16 | $126,371,447 |
| BGL | Bellevue Gold Ltd | 1% | -8% | 14% | 23% | 40% | 1.385 | $1,553,804,627 |
| ADT | Adriatic Metals | 1% | -2% | -1% | 15% | 40% | 3.63 | $802,691,529 |
| CHN | Chalice Mining Ltd | 0% | 0% | 25% | 26% | 9% | 7.92 | $2,970,168,361 |
| CMM | Capricorn Metals | 0% | -10% | -6% | -3% | -3% | 4.46 | $1,672,123,879 |
| SSR | SSR Mining Inc. | 0% | -8% | 4% | -4% | -32% | 22.12 | $405,741,521 |
| NPM | Newpeak Metals | 0% | 0% | 0% | 0% | 0% | 0.001 | $9,145,132 |
| FFX | Firefinch Ltd | 0% | 0% | 0% | 0% | -46% | 0.2 | $236,569,315 |
| GED | Golden Deeps | 0% | -6% | -6% | -17% | -63% | 0.0075 | $8,664,200 |
| DCX | Discovex Res Ltd | 0% | 0% | 0% | 0% | -61% | 0.003 | $9,907,704 |
| NMR | Native Mineral Res | 0% | 0% | -29% | -64% | -80% | 0.04 | $4,805,549 |
| AQX | Alice Queen Ltd | 0% | 0% | 50% | -25% | -80% | 0.0015 | $3,795,431 |
| SLZ | Sultan Resources Ltd | 0% | 8% | -25% | -51% | -73% | 0.042 | $4,337,944 |
| PNX | PNX Metals Limited | 0% | 0% | 0% | -29% | -42% | 0.003 | $16,141,874 |
| NXM | Nexus Minerals Ltd | 0% | 3% | 6% | -15% | -51% | 0.17 | $55,327,063 |
| FAU | First Au Ltd | 0% | -14% | 100% | 50% | -60% | 0.006 | $6,568,700 |
| ARL | Ardea Resources Ltd | 0% | -2% | -11% | -43% | -78% | 0.405 | $69,458,623 |
| GWR | GWR Group Ltd | 0% | -4% | -26% | 37% | -52% | 0.081 | $26,018,549 |
| IVR | Investigator Res Ltd | 0% | -10% | 52% | 52% | -4% | 0.064 | $91,978,881 |
| GTR | Gti Energy Ltd | 0% | 13% | -17% | -17% | -58% | 0.009 | $16,132,352 |
| BNZ | Benzmining | 0% | -12% | -5% | -9% | -45% | 0.375 | $27,395,550 |
| PUA | Peak Minerals Ltd | 0% | -20% | -20% | -33% | -75% | 0.004 | $4,165,506 |
| MRZ | Mont Royal Resources | 0% | -14% | -40% | -43% | -73% | 0.099 | $6,779,784 |
| SMS | Starmineralslimited | 0% | 0% | 4% | 1% | -64% | 0.073 | $2,200,351 |
| PRX | Prodigy Gold NL | 0% | 0% | 0% | -8% | -46% | 0.011 | $19,226,711 |
| AAU | Antilles Gold Ltd | 0% | 0% | -3% | 23% | -45% | 0.037 | $18,030,501 |
| CWX | Carawine Resources | 0% | 2% | -1% | -3% | -54% | 0.097 | $19,091,294 |
| RND | Rand Mining Ltd | 0% | 0% | -3% | -2% | -16% | 1.33 | $75,645,028 |
| BMR | Ballymore Resources | 0% | -9% | -6% | 0% | -21% | 0.15 | $14,447,618 |
| GMR | Golden Rim Resources | 0% | 0% | 11% | 10% | -55% | 0.034 | $20,114,005 |
| WA8 | Warriedarresourltd | 0% | -7% | -7% | -24% | 0% | 0.13 | $56,037,646 |
| WCN | White Cliff Min Ltd | 0% | -20% | -20% | -43% | -74% | 0.008 | $7,672,435 |
| WRM | White Rock Min Ltd | 0% | 0% | 0% | -5% | -69% | 0.063 | $17,508,200 |
| ASR | Asra Minerals Ltd | 0% | 10% | 0% | -45% | -61% | 0.011 | $16,138,305 |
| MCT | Metalicity Limited | 0% | 0% | -33% | -33% | -74% | 0.002 | $7,009,079 |
| CTO | Citigold Corp Ltd | 0% | -9% | 0% | -17% | -38% | 0.005 | $14,368,295 |
| M2R | Miramar | 0% | 11% | 11% | -38% | -74% | 0.05 | $3,906,087 |
| MHC | Manhattan Corp Ltd | 0% | 0% | 0% | -9% | -67% | 0.005 | $14,681,393 |
| TRY | Troy Resources Ltd | 0% | 0% | 0% | 0% | 0% | 0.0295 | $62,920,961 |
| CGN | Crater Gold Min Ltd | 0% | 0% | 0% | 0% | 0% | 0.014499 | $17,965,037 |
| SVG | Savannah Goldfields | 0% | 0% | -8% | -13% | -18% | 0.165 | $31,159,992 |
| GUL | Gullewa Limited | 0% | -2% | -2% | -8% | -32% | 0.055 | $10,767,521 |
| MGV | Musgrave Minerals | 0% | -4% | 21% | 10% | -39% | 0.23 | $135,977,828 |
| VMC | Venus Metals Cor Ltd | 0% | -3% | 30% | 44% | -3% | 0.195 | $34,725,343 |
| NAE | New Age Exploration | 0% | 0% | -17% | -29% | -64% | 0.005 | $7,179,495 |
| VKA | Viking Mines Ltd | 0% | 0% | 10% | 10% | -15% | 0.011 | $11,277,843 |
| XTC | Xantippe Res Ltd | 0% | 14% | -20% | -20% | -71% | 0.004 | $42,320,399 |
| NML | Navarre Minerals Ltd | 0% | -6% | 3% | -27% | -67% | 0.03 | $45,086,374 |
| BC8 | Black Cat Syndicate | 0% | -5% | 29% | 25% | -25% | 0.445 | $118,621,182 |
| NVA | Nova Minerals Ltd | 0% | -1% | -18% | -47% | -54% | 0.36 | $75,920,319 |
| WWI | West Wits Mining Ltd | 0% | -6% | 33% | 0% | -54% | 0.016 | $35,888,276 |
| RML | Resolution Minerals | 0% | -9% | -17% | -38% | -69% | 0.005 | $5,398,731 |
| AAJ | Aruma Resources Ltd | 0% | 3% | 45% | 51% | -33% | 0.08 | $12,556,920 |
| AL8 | Alderan Resource Ltd | 0% | 0% | 14% | 14% | -69% | 0.008 | $4,859,271 |
| GMN | Gold Mountain Ltd | 0% | 0% | -25% | -57% | -63% | 0.003 | $5,909,798 |
| TBA | Tombola Gold Ltd | 0% | 0% | 0% | 0% | -54% | 0.026 | $33,129,243 |
| GSR | Greenstone Resources | 0% | -10% | -18% | -44% | -49% | 0.018 | $21,838,831 |
| HRN | Horizon Gold Ltd | 0% | 6% | 9% | 19% | -12% | 0.37 | $46,317,207 |
| QML | Qmines Limited | 0% | -3% | -6% | -9% | -48% | 0.15 | $13,531,355 |
| RDN | Raiden Resources Ltd | 0% | -20% | 5% | -16% | -68% | 0.004 | $7,418,330 |
| AUC | Ausgold Limited | 0% | -4% | 4% | 11% | -34% | 0.052 | $117,665,561 |
| SFM | Santa Fe Minerals | 0% | -8% | -5% | -31% | -50% | 0.055 | $4,005,033 |
| PNR | Pantoro Limited | 0% | 0% | 7% | -25% | -77% | 0.072 | $218,075,081 |
| X64 | Ten Sixty Four Ltd | 0% | 0% | 0% | -11% | -37% | 0.57 | $130,184,182 |
| SI6 | SI6 Metals Limited | 0% | 0% | 0% | -17% | -50% | 0.005 | $7,476,973 |
| HAW | Hawthorn Resources | 0% | 21% | -2% | -26% | -50% | 0.085 | $28,476,327 |
| BGD | Bartongoldholdings | 0% | 0% | 5% | 15% | -10% | 0.23 | $19,856,612 |
| KWR | Kingwest Resources | 0% | -6% | 0% | -11% | -83% | 0.031 | $8,733,531 |
| RVR | Red River Resources | 0% | 0% | 0% | 0% | -71% | 0.073 | $37,847,908 |
| RGL | Riversgold | 0% | 7% | 7% | -47% | -78% | 0.016 | $15,127,483 |
| AUT | Auteco Minerals | 0% | -23% | -7% | -22% | -49% | 0.04 | $92,513,452 |
| CBY | Canterbury Resources | 0% | 0% | -8% | -10% | -40% | 0.037 | $5,347,371 |
| TMZ | Thomson Res Ltd | 0% | 0% | 0% | -74% | -89% | 0.005 | $4,349,755 |
| TAM | Tanami Gold NL | 0% | -3% | 0% | -10% | -44% | 0.035 | $41,128,397 |
| WMC | Wiluna Mining Corp | 0% | 0% | 0% | 0% | -74% | 0.205 | $74,238,031 |
| BMO | Bastion Minerals | 0% | -6% | -18% | -32% | -86% | 0.023 | $3,666,466 |
| IDA | Indiana Resources | 0% | -6% | -2% | -15% | -29% | 0.047 | $23,674,126 |
| NSM | Northstaw | 0% | -4% | -19% | -19% | -56% | 0.125 | $15,015,875 |
| MDI | Middle Island Res | 0% | 3% | -15% | -11% | -77% | 0.034 | $4,162,220 |
| POL | Polymetals Resources | 0% | 81% | 76% | 33% | 225% | 0.325 | $14,684,375 |
| RDS | Redstone Resources | 0% | 25% | 0% | 25% | -9% | 0.01 | $7,368,324 |
| NAG | Nagambie Resources | 0% | -2% | -7% | -35% | -14% | 0.043 | $23,034,833 |
| HXG | Hexagon Energy | 0% | -15% | 0% | -35% | -75% | 0.011 | $5,642,075 |
| AVW | Avira Resources Ltd | 0% | 0% | 50% | 0% | -50% | 0.003 | $6,401,370 |
| LCY | Legacy Iron Ore | 0% | 20% | 6% | -5% | -42% | 0.018 | $115,322,872 |
| MAT | Matsa Resources | 0% | -2% | 16% | 16% | -39% | 0.043 | $17,716,199 |
| ZAG | Zuleika Gold Ltd | 0% | -22% | 0% | -33% | -53% | 0.014 | $7,322,709 |
| SBR | Sabre Resources | 0% | -12% | -8% | -39% | -67% | 0.023 | $6,704,182 |
| SAU | Southern Gold | 0% | 14% | 26% | -4% | -53% | 0.024 | $7,206,847 |
| CEL | Challenger Exp Ltd | 0% | -9% | 39% | -9% | -52% | 0.16 | $177,063,740 |
| CHZ | Chesser Resources | 0% | -6% | -18% | -9% | -33% | 0.077 | $45,322,304 |
| AQI | Alicanto Min Ltd | 0% | -9% | -11% | -9% | -61% | 0.039 | $20,912,331 |
| KTA | Krakatoa Resources | 0% | 0% | 10% | -25% | -75% | 0.033 | $11,375,427 |
| ARN | Aldoro Resources | 0% | -6% | -21% | 3% | -44% | 0.165 | $22,179,918 |
| NES | Nelson Resources. | 0% | 0% | 25% | -29% | -73% | 0.005 | $2,942,972 |
| PKO | Peako Limited | 0% | 0% | -10% | -38% | -50% | 0.009 | $4,236,583 |
| GNM | Great Northern | 0% | 0% | -14% | -25% | -50% | 0.003 | $5,127,153 |
| TRM | Truscott Mining Corp | 0% | 0% | 0% | 15% | -2% | 0.047 | $7,856,382 |
| DEX | Duke Exploration | 0% | 0% | 0% | 0% | -66% | 0.053 | $5,587,240 |
| MOM | Moab Minerals Ltd | 0% | 0% | 0% | -22% | -75% | 0.007 | $4,773,744 |
| AWJ | Auric Mining | 0% | -4% | 13% | -19% | -40% | 0.052 | $6,804,699 |
| ENR | Encounter Resources | 0% | -3% | 16% | -19% | -9% | 0.145 | $51,551,238 |
| SNG | Siren Gold | 0% | -16% | 11% | -42% | -74% | 0.105 | $14,097,175 |
| STN | Saturn Metals | 0% | -8% | -5% | 0% | -55% | 0.18 | $27,278,734 |
| AYM | Australia United Min | 0% | 0% | 0% | 0% | -57% | 0.003 | $5,527,732 |
| ANL | Amani Gold Ltd | 0% | 0% | 0% | 0% | -50% | 0.001 | $25,143,441 |
| GCY | Gascoyne Res Ltd | 0% | 0% | 30% | -22% | -49% | 0.13 | $90,172,954 |
| PNT | Panthermetalsltd | 0% | 0% | -26% | -44% | -57% | 0.105 | $3,228,750 |
| PGO | Pacgold | 0% | 5% | 12% | 17% | -46% | 0.42 | $23,083,962 |
| KIN | KIN Min NL | 0% | -14% | -14% | -42% | -59% | 0.038 | $44,769,721 |
| CLZ | Classic Min Ltd | 0% | 0% | -50% | -89% | -99% | 0.001 | $5,426,262 |
| ORN | Orion Minerals Ltd | 0% | -6% | 7% | -6% | -42% | 0.015 | $81,986,412 |
| PXX | Polarx Limited | 0% | -18% | 27% | -30% | -30% | 0.014 | $18,941,257 |
| GMD | Genesis Minerals | 0% | 24% | 30% | 9% | -16% | 1.36 | $566,622,299 |
| RRL | Regis Resources | 0% | -12% | 13% | 3% | -5% | 2.13 | $1,615,755,480 |
| DEG | De Grey Mining | -1% | -3% | 4% | 28% | 21% | 1.645 | $2,583,731,244 |
| AGG | AngloGold Ashanti | -1% | -6% | 24% | 31% | 25% | 7.7 | $691,360,179 |
| SXG | Southern Cross Gold | -1% | -13% | 6% | -13% | 0% | 0.7 | $63,327,305 |
| GAL | Galileo Mining Ltd | -1% | -3% | -1% | -21% | 190% | 0.695 | $138,337,449 |
| PRU | Perseus Mining Ltd | -1% | -8% | 0% | 9% | 16% | 2.29 | $3,159,801,807 |
| NCM | Newcrest Mining | -1% | -4% | 11% | 39% | -1% | 28.63 | $25,843,268,155 |
| CYL | Catalyst Metals | -1% | -1% | 2% | -15% | -47% | 1 | $176,431,671 |
| GOR | Gold Road Res Ltd | -1% | -3% | 9% | 6% | 8% | 1.795 | $1,957,334,825 |
| GBR | Greatbould Resources | -1% | -7% | 0% | -2% | -25% | 0.089 | $43,653,742 |
| MI6 | Minerals260Limited | -1% | -3% | 47% | 29% | -9% | 0.44 | $104,130,000 |
| NST | Northern Star | -1% | -6% | 17% | 25% | 21% | 13.59 | $15,811,750,075 |
| AZS | Azure Minerals | -1% | -1% | 47% | 87% | 22% | 0.42 | $165,850,331 |
| AAR | Astral Resources NL | -1% | -7% | 8% | 13% | -13% | 0.081 | $54,563,618 |
| MKR | Manuka Resources. | -1% | -14% | 44% | -8% | -74% | 0.078 | $42,728,735 |
| MKG | Mako Gold | -1% | -10% | -14% | -5% | -55% | 0.038 | $18,158,577 |
| MZZ | Matador Mining Ltd | -1% | -5% | -14% | -39% | -74% | 0.07 | $22,380,537 |
| SLR | Silver Lake Resource | -2% | -8% | 6% | 3% | -43% | 1.225 | $1,157,531,695 |
| TIE | Tietto Minerals | -2% | -25% | 3% | -16% | 17% | 0.595 | $657,954,131 |
| HRZ | Horizon | -2% | -2% | 18% | -3% | -55% | 0.059 | $41,819,021 |
| WGX | Westgold Resources. | -2% | -8% | 26% | 65% | -22% | 1.44 | $693,857,299 |
| SBM | St Barbara Limited | -2% | -11% | -14% | -26% | -61% | 0.575 | $477,676,862 |
| KNB | Koonenberrygold | -2% | -8% | 4% | -11% | -44% | 0.055 | $4,242,361 |
| OKR | Okapi Resources | -2% | -11% | -14% | -17% | -67% | 0.125 | $23,407,191 |
| ASO | Aston Minerals Ltd | -2% | -11% | -7% | 23% | -37% | 0.098 | $111,473,093 |
| BRB | Breaker Res NL | -2% | -10% | 22% | 45% | 66% | 0.465 | $156,944,198 |
| RSG | Resolute Mining | -2% | -11% | 17% | 120% | 36% | 0.44 | $958,052,956 |
| EVN | Evolution Mining Ltd | -2% | -5% | 19% | 15% | -21% | 3.44 | $6,459,257,443 |
| HMX | Hammer Metals Ltd | -2% | -12% | 57% | 25% | -15% | 0.085 | $71,462,439 |
| ADN | Andromeda Metals Ltd | -2% | -13% | -5% | -5% | -60% | 0.042 | $133,730,363 |
| CPM | Coopermetalslimited | -3% | 12% | 54% | 57% | -18% | 0.37 | $15,616,100 |
| NWM | Norwest Minerals | -3% | -10% | 23% | -31% | -33% | 0.037 | $9,400,106 |
| MLS | Metals Australia | -3% | -5% | 0% | -19% | -78% | 0.036 | $22,460,339 |
| MEU | Marmota Limited | -3% | -5% | -5% | -25% | -25% | 0.036 | $39,175,621 |
| BNR | Bulletin Res Ltd | -3% | -1% | 0% | -5% | -59% | 0.088 | $26,569,995 |
| KCC | Kincora Copper | -3% | 1% | 0% | -4% | -33% | 0.07 | $8,586,739 |
| RXL | Rox Resources | -3% | -9% | 17% | 100% | -15% | 0.35 | $80,767,534 |
| ALK | Alkane Resources Ltd | -3% | -9% | 17% | 59% | -29% | 0.85 | $523,943,518 |
| MAU | Magnetic Resources | -3% | -27% | -25% | -42% | -66% | 0.495 | $117,051,314 |
| DRE | Dreadnought Resources Ltd | -3% | -14% | 8% | -38% | 48% | 0.065 | $221,952,791 |
| BCN | Beacon Minerals | -3% | -9% | 14% | 14% | -11% | 0.032 | $123,973,350 |
| LYN | Lycaonresources | -3% | -9% | -18% | -42% | -64% | 0.16 | $5,431,594 |
| GSM | Golden State Mining | -3% | -16% | 0% | -26% | -60% | 0.032 | $3,861,469 |
| MBK | Metal Bank Ltd | -3% | 10% | 7% | -6% | -51% | 0.032 | $9,124,022 |
| TUL | Tulla Resources | -3% | -3% | 21% | -4% | -51% | 0.32 | $106,195,321 |
| SFR | Sandfire Resources | -3% | -7% | 16% | 20% | 17% | 6.53 | $3,079,451,595 |
| KZR | Kalamazoo Resources | -3% | -9% | 11% | -26% | -65% | 0.155 | $24,174,490 |
| SVY | Stavely Minerals Ltd | -3% | -9% | -16% | -37% | -60% | 0.155 | $52,203,795 |
| A8G | Australasian Metals | -3% | -3% | 0% | -18% | -69% | 0.155 | $6,587,279 |
| KRM | Kingsrose Mining Ltd | -3% | -9% | 0% | -6% | -24% | 0.061 | $47,409,171 |
| CST | Castile Resources | -3% | -9% | 1% | -4% | -46% | 0.091 | $22,738,828 |
| TBR | Tribune Res Ltd | -3% | -4% | 9% | -4% | -21% | 3.87 | $209,872,308 |
| RMS | Ramelius Resources | -3% | -12% | 20% | 43% | -13% | 1.33 | $1,200,716,923 |
| USL | Unico Silver Limited | -3% | -15% | 4% | -15% | -38% | 0.145 | $37,403,575 |
| FEG | Far East Gold | -3% | 0% | -3% | -40% | -12% | 0.29 | $45,914,463 |
| PRS | Prospech Limited | -3% | -32% | 21% | 4% | -38% | 0.028 | $2,944,758 |
| WAF | West African Res Ltd | -3% | -10% | -2% | -17% | -28% | 0.98 | $1,038,931,413 |
| ALY | Alchemy Resource Ltd | -3% | -7% | 0% | -39% | -26% | 0.014 | $17,082,106 |
| TLM | Talisman Mining | -3% | 0% | 4% | 0% | -22% | 0.14 | $27,222,227 |
| TMB | Tambourahmetals | -4% | 34% | 25% | 19% | -54% | 0.125 | $5,355,038 |
| KCN | Kingsgate Consolid. | -4% | -9% | -21% | -17% | -16% | 1.44 | $378,027,780 |
| MEG | Megado Minerals Ltd | -4% | 2% | 26% | 7% | -73% | 0.048 | $7,152,778 |
| GML | Gateway Mining | -4% | -17% | 12% | -20% | -63% | 0.048 | $13,316,677 |
| SRN | Surefire Rescs NL | -4% | 5% | 28% | 92% | 0% | 0.023 | $37,952,723 |
| MEK | Meeka Metals Limited | -4% | -8% | 7% | -32% | -8% | 0.046 | $51,245,229 |
| KSN | Kingston Resources | -4% | -15% | 18% | 36% | -39% | 0.11 | $47,800,170 |
| MM8 | Medallion Metals. | -5% | -19% | -16% | -32% | -62% | 0.105 | $25,369,577 |
| GSN | Great Southern | -5% | -9% | 11% | -31% | -67% | 0.02 | $13,933,647 |
| SKY | SKY Metals Ltd | -5% | -5% | 27% | 19% | -46% | 0.057 | $22,607,008 |
| PNM | Pacific Nickel Mines | -5% | 4% | 32% | 14% | -21% | 0.095 | $38,000,424 |
| AZY | Antipa Minerals Ltd | -5% | -10% | 6% | -10% | -58% | 0.019 | $71,860,817 |
| MXR | Maximus Resources | -5% | -10% | 6% | -8% | -55% | 0.037 | $12,443,175 |
| TGM | Theta Gold Mines Ltd | -5% | 1% | 33% | 18% | -38% | 0.08 | $52,656,338 |
| PGD | Peregrine Gold | -5% | -10% | -4% | -9% | -31% | 0.35 | $20,750,262 |
| ARV | Artemis Resources | -6% | 6% | 13% | -32% | -75% | 0.017 | $28,105,531 |
| MRR | Minrex Resources Ltd | -6% | 0% | -24% | -50% | -78% | 0.016 | $18,442,748 |
| AME | Alto Metals Limited | -6% | -4% | -3% | -4% | -30% | 0.064 | $41,671,453 |
| EMC | Everest Metals Corp | -6% | 16% | 7% | 1% | -43% | 0.08 | $11,001,814 |
| TMS | Tennant Minerals Ltd | -6% | -6% | 7% | 3% | -44% | 0.032 | $25,820,736 |
| BEZ | Besragoldinc | -6% | 13% | 275% | 333% | 280% | 0.225 | $84,926,853 |
| ICG | Inca Minerals Ltd | -6% | -17% | -29% | -35% | -86% | 0.015 | $7,736,232 |
| OBM | Ora Banda Mining Ltd | -6% | -12% | 4% | 73% | 184% | 0.145 | $249,726,735 |
| TG1 | Techgen Metals Ltd | -6% | -13% | 16% | -12% | -49% | 0.072 | $4,951,957 |
| XAM | Xanadu Mines Ltd | -7% | -7% | 30% | 48% | 19% | 0.043 | $75,339,913 |
| AMI | Aurelia Metals Ltd | -7% | -3% | 33% | 12% | -71% | 0.14 | $185,615,582 |
| CY5 | Cygnus Metals Ltd | -7% | 8% | 15% | -29% | 59% | 0.27 | $54,266,021 |
| KAL | Kalgoorliegoldmining | -7% | -18% | -20% | -52% | -74% | 0.04 | $3,333,404 |
| STK | Strickland Metals | -7% | -7% | 8% | 0% | -40% | 0.04 | $66,862,510 |
| S2R | S2 Resources | -7% | -19% | -7% | -24% | -21% | 0.13 | $57,412,813 |
| EM2 | Eagle Mountain | -7% | -24% | -24% | -26% | -70% | 0.125 | $41,170,527 |
| TMX | Terrain Minerals | -8% | 0% | 20% | 0% | -45% | 0.006 | $7,040,795 |
| AM7 | Arcadia Minerals | -8% | 9% | -17% | -15% | -42% | 0.175 | $8,872,599 |
| MOH | Moho Resources | -8% | 38% | 38% | 5% | -66% | 0.022 | $4,983,893 |
| CAI | Calidus Resources | -9% | -28% | -13% | -24% | -80% | 0.205 | $98,898,939 |
| A1G | African Gold Ltd. | -9% | -14% | -7% | -17% | -52% | 0.069 | $12,867,652 |
| PUR | Pursuit Minerals | -10% | 0% | -10% | 13% | -45% | 0.018 | $51,725,955 |
| FAL | Falconmetalsltd | -10% | -11% | -5% | 25% | 4% | 0.35 | $69,030,000 |
| CDT | Castle Minerals | -11% | 0% | -11% | -24% | -71% | 0.016 | $20,240,874 |
| MVL | Marvel Gold Limited | -12% | -6% | -17% | -42% | -67% | 0.015 | $11,986,604 |
| REZ | Resourc & En Grp Ltd | -13% | -13% | 8% | -13% | -70% | 0.014 | $7,996,893 |
| ADV | Ardiden Ltd | -13% | -13% | 8% | 0% | -50% | 0.007 | $21,506,683 |
| HCH | Hot Chili Ltd | -13% | 2% | 21% | 27% | -31% | 1.11 | $152,292,638 |
| RMX | Red Mount Min Ltd | -14% | -14% | -25% | -40% | -68% | 0.003 | $7,951,479 |
| CXU | Cauldron Energy Ltd | -14% | -14% | 0% | -14% | -59% | 0.006 | $6,520,981 |
| LRL | Labyrinth Resources | -14% | -8% | 33% | -29% | -76% | 0.012 | $13,432,823 |
| ADG | Adelong Gold Limited | -15% | -21% | 10% | 57% | -69% | 0.011 | $6,939,690 |
| DTM | Dart Mining NL | -17% | -20% | 58% | 9% | -23% | 0.06 | $11,204,680 |
| AVM | Advance Metals Ltd | -20% | -11% | 0% | -20% | -53% | 0.008 | $5,820,441 |
| EMU | EMU NL | -20% | 0% | 0% | -59% | -87% | 0.002 | $3,625,053 |
| M24 | Mamba Exploration | -20% | 0% | 33% | -17% | -14% | 0.12 | $9,147,501 |
METALSTECH (ASX:MTC)
MTC is focused bringing the mothballed 1.5Moz gold, 10.93Moz silver Sturec mine in Slovakia back into production.
It got a speeding ticket Monday from the ASX after gaining +30% on volume, on no news.
In response it told the ASX ‘we don’t know what’s going on BUT drilling continues at Sturec and we are working towards a resource update and progress towards a pre-feasibility study’.
A recent scoping study on a combined open pit/underground operation deliver a pre-tax NPV of up to $846m with a pre-tax IRR of 102.5%, at a gold price above $US2,000oz.
MTC estimates low all-in sustaining costs of $US753/oz which would provide it with a nice profit margin.
In December it got a $3m cash injection from Chifeng, one of China’s biggest precious metals miners with a market cap of ~$7 billion.
The placement, done at 40c per share, increased Chifeng’s stake in MTC to 9%. The Chinese co had also been increasing its position via on-market buying.
LOS CERROS (ASX:LCL)
The advanced South American gold stock recently diversified, inking a deal to buy five large projects in PNG prospective for copper, nickel, and gold from private company Footprint Resources.
It gives LCL some juicy exploration targets to play with, in a jurisdiction known for its monster mineral deposits.
It also gives the company options as it waits for “greater clarity on new government mine development policies” in Colombia, where left-leaning Gustavo Petro won Colombia’s June 19 presidential election.
LCL will focus initially on the Kusi target within the Ono project, where old drilling pulled up hits like 35m @ 3.04g/t Au from 136m.
Maiden drilling results announced Monday hit the good stuff, including 15.2m @ 4.45g/t Au (from 138.2m) within a broader interval of 76.4m @ 1.34g/t Au (from 106.9m). Nice and thick.
Assays from holes 2 and 3 are pending, while drilling of hole 4 has now commenced.
“The first drill hole is considered a strong success and has given us added comfort that the Kusi Upper Limestone skarn mineralisation is a worthy target capable of delivering large tonnage and grade,” MD Jason Stirbinskis says.
“Our 3,000m drilling program remains on schedule and on budget, with the next drill results release expected in the second half of May.”
