There is a lot of uncertainty in the market due to tensions in China, rising interest rates and continuing economic recovery of the global COVID-19 pandemic, with investors fleeing for safe havens to park their cash in.

Safe havens like gold, that is.

Perennial Partners portfolio manager and resources analyst Sam Berridge says in the short-term gold looks “a little drab” but in six months if inflationary pressures continue, the precious metal could do very well.

“High inflation could create problems for central banks – if they increase rates to try and smother that inflation it could cause issues because of the massive amount of debt [accrued].

“We may have a scenario where inflation starts to tick away, and central banks prevent rates from increasing as fast as they normally would.”

He said under that scenario, things could start looking better for gold.

“At the moment inflation is elevated but the market is looking through it because we are comparing it with quite an unusual year in 2020, which was COVID impacted.

“This means year-on-year comparisons are being discredited and as we move forward to calendar 2022, the year-on-year comparisons for inflation are going to carry more weight.”

Gold
USD gold price over the past 2 years.

 

ASX gold news

Gold’s resurgence comes as the precious metals is acknowledged as one of the main contributors to Australia’s resource export earnings of value.

It is expected to contribute $29b of the record $349b in resource sales in 2021-2022.

Other noteworthy bits of news this week include an upcoming IPO for Hawkstone Mining (ASX:HWK) spin-off Diablo Resources.

The company aims to join the ASX boards in the coming weeks with a few US-based gold and copper projects up its sleeves – all of which are drill ready and close to other projects of significance in their region.

These include the Lone Pine Gold Project in Idaho, the Western Desert Gold Project in Utah, and the Devils Canyon Gold Project in California.

Evolution Mining (ASX:EVN) shares were up 4% in early trade after receiving the green light from the New South Wales Government to launch its underground Cowal Operations.

The gold mine in the central west region of NSW is now permitted out to 2040, something which will enable a long term shift to higher grade underground ore sources.

Australian and Canadian listed mid-tier Kirkland Lake Gold (ASX:KLA) will be one of the world’s largest gold miners after announcing a C$24 billion deal to combine with Canada’s Agnico Eagle in a friendly, nil-premium merger.

This means KLA will have a mineral reserve base that has more than doubled over the past decade to 48Moz, including Kirkland Lake’s large Detour Lake mine in Canada and its ultra high grade Fosterville operation near Bendigo in Victoria.

And Westgold Resources (ASX:WGX) aims to become a 500,000ozpa gold producer in its plans to take over Gascoyne Resources (ASX:GCY).

It would involve the cancellation of Gascoyne’s merger with Firefly, which Westgold claims is dilutive and does not represent value for Gascoyne shareholders.
 

Winners & Losers

Here’s how ASX-listed gold stocks are performing:

CODE COMPANY 1 WEEK RETURN% 1 MONTH RETURN % 6 MONTH RETURN % 1 YEAR RETURN% SHARE PRICE MARKET CAP
RDT Red Dirt Metals Ltd 117 260 320 207 0.63 $ 78,853,920.00
ANL Amani Gold Ltd 75 250 133 75 0.0035 $ 14,205,196.75
PDI Predictive Disc Ltd 53 81 222 277 0.245 $ 324,362,484.72
BTR Brightstar Resources 46 31 -3 52 0.038 $ 14,951,525.98
KCN Kingsgate Consolid. 35 106 85 86 1.59 $ 349,686,315.74
MTC Metalstech Ltd 30 165 333 294 0.65 $ 108,114,293.45
QML Qmines Limited 26 11 0.39 $ 18,770,839.60
STK Strickland Metals 22 47 235 8 0.0575 $ 62,136,441.23
MRZ Mont Royal Resources 22 20 49 10 0.395 $ 15,150,686.00
SBR Sabre Resources 20 50 0 -40 0.006 $ 10,098,381.89
KWR Kingwest Resources 20 134 25 11 0.15 $ 29,158,806.74
AVW Avira Resources Ltd 20 20 -25 -25 0.006 $ 10,312,740.00
DTM Dart Mining NL 19 14 -19 -26 0.125 $ 11,993,457.12
VMC Venus Metals Cor Ltd 19 15 -3 -16 0.19 $ 27,949,556.36
CDT Castle Minerals 17 8 27 8 0.014 $ 9,522,510.63
TIE Tietto Minerals 15 15 10 -25 0.38 $ 173,350,473.28
SLZ Sultan Resources Ltd 15 22 0 -19 0.195 $ 13,211,533.91
TLM Talisman Mining 14 -3 43 43 0.165 $ 29,860,541.60
ADN Andromeda Metals Ltd 14 3 -50 3 0.165 $ 381,540,567.13
EMR Emerald Res NL 14 16 20 62 0.965 $ 494,781,318.72
BMR Ballymore Resources 13 0 0 0 0.295 $ 21,443,424.30
HWK Hawkstone Mng Ltd 13 10 5 221 0.045 $ 77,392,999.40
AGC AGC Ltd 13 8 -23 0.135 $ 9,143,183.34
AGC AGC Ltd 13 8 -23 0.135 $ 9,143,183.34
REZ Resourc & En Grp Ltd 12 70 7 92 0.046 $ 19,857,316.29
ICL Iceni Gold 11 24 0.26 $ 28,148,298.36
CBY Canterbury Resources 11 -9 -5 -19 0.105 $ 12,620,845.65
MGV Musgrave Minerals 11 -7 -6 -38 0.315 $ 159,966,884.70
GSN Great Southern 10 2 -2 -49 0.054 $ 26,800,002.26
TSC Twenty Seven Co. Ltd 10 83 -8 -21 0.0055 $ 13,304,069.53
AGS Alliance Resources 10 6 0 -24 0.165 $ 34,322,827.11
BRB Breaker Res NL 9 48 44 28 0.295 $ 92,864,664.77
ASO Aston Minerals Ltd 9 -20 4 200 0.12 $ 114,503,691.48
RDN Raiden Resources Ltd 8 13 18 86 0.026 $ 29,967,395.90
MKR Manuka Resources. 8 5 -23 -31 0.325 $ 32,984,595.48
PGD Peregrine Gold 8 -2 100 0.4 $ 13,439,518.00
TBA Tombola Gold Ltd 8 2 -18 -13 0.042 $ 26,006,126.94
LCY Legacy Iron Ore 8 -7 0 180 0.014 $ 89,666,339.24
GSM Golden State Mining 8 12 -3 -42 0.14 $ 11,171,028.33
FAU First Au Ltd 8 17 -13 -26 0.014 $ 8,604,802.56
EM2 Eagle Mountain 8 5 67 135 0.775 $ 161,574,673.49
HAW Hawthorn Resources 8 14 2 -40 0.057 $ 19,343,905.55
AGG AngloGold Ashanti 8 -6 -22 -40 4.42 $ 371,996,380.05
TNR Torian Resources Ltd 7 11 -38 50 0.03 $ 25,212,227.41
FG1 Flynngold 7 -6 0.15 $ 8,999,999.70
IPT Impact Minerals 7 23 -30 -36 0.016 $ 30,356,923.79
GBR Greatbould Resources 7 80 357 256 0.16 $ 55,371,550.40
A8G Australasian Gold 6 141 0.41 $ 14,454,424.63
SMI Santana Minerals Ltd 6 57 32 -21 0.165 $ 17,675,058.58
PAK Pacific American Hld 6 1 -30 -13 0.017 $ 5,097,358.40
PUA Peak Minerals Ltd 6 -6 -23 -47 0.017 $ 10,449,945.08
SNG Siren Gold 6 -4 -32 0.255 $ 17,565,197.58
ADT Adriatic Metals 6 8 52 36 3.14 $ 556,061,370.97
TAM Tanami Gold NL 6 9 -6 27 0.075 $ 84,606,987.31
GML Gateway Mining 6 12 -32 0 0.019 $ 34,265,440.80
NML Navarre Minerals Ltd 5 8 -29 -38 0.099 $ 67,703,298.65
RXL Rox Resources 5 -10 -33 -50 0.4 $ 59,102,855.25
KAI Kairos Minerals Ltd 5 5 2 -48 0.0305 $ 50,295,587.70
RML Resolution Minerals 5 0 -19 -52 0.021 $ 10,641,956.74
TG1 Techgen Metals Ltd 5 11 0.21 $ 7,898,400.93
CAZ Cazaly Resources 5 -12 5 -10 0.043 $ 15,521,657.21
XAM Xanadu Mines Ltd 5 14 -54 -20 0.033 $ 37,771,132.50
AAU Antilles Gold Ltd 5 14 -7 135 0.088 $ 21,957,807.16
HRN Horizon Gold Ltd 4 -8 1 -15 0.365 $ 38,942,585.84
MDI Middle Island Res 4 -2 -63 -73 0.098 $ 11,629,731.09
NWM Norwest Minerals 4 7 2 -45 0.078 $ 13,545,545.63
PNM Pacific Nickel Mines 4 63 73 86 0.078 $ 16,761,812.81
PKO Peako Limited 4 4 4 -25 0.027 $ 8,945,168.93
LCL Los Cerros Limited 4 -4 -10 -21 0.135 $ 82,636,626.15
ICG Inca Minerals Ltd 4 17 33 155 0.14 $ 67,309,263.00
RED Red 5 Limited 4 1 29 -27 0.2125 $ 494,835,736.92
ALK Alkane Resources Ltd 4 -14 23 -39 0.86 $ 506,080,480.00
GWR GWR Group Ltd 4 -34 -40 -23 0.145 $ 43,904,034.24
EMU EMU NL 3 3 -44 -30 0.03 $ 13,695,434.52
BCN Beacon Minerals 3 0 -8 -6 0.033 $ 111,089,310.50
SKY SKY Metals Ltd 3 10 -34 -27 0.099 $ 30,779,210.39
RVR Red River Resources 3 -3 -31 21 0.17 $ 88,021,642.39
MVL Marvel Gold Limited 3 21 21 19 0.069 $ 41,104,229.37
RND Rand Mining Ltd 3 0 -2 -28 1.5 $ 85,313,941.50
LEX Lefroy Exploration 3 -10 -69 58 0.395 $ 46,887,620.13
ONX Orminexltd 3 -2 21 95 0.041 $ 18,628,413.82
DTR Dateline Resources 2 -1 20 20 0.09 $ 38,236,838.90
WAF West African Res Ltd 2 -6 21 -8 0.985 $ 857,385,049.61
BC8 Black Cat Syndicate 2 -12 -27 -31 0.525 $ 73,220,061.72
BRV Big River Gold Ltd 2 -8 -28 -38 0.285 $ 58,152,249.78
NSM Northstaw 2 -7 -25 -23 0.315 $ 12,640,005.00
BNR Bulletin Res Ltd 1 0 -1 5 0.069 $ 17,490,857.66
SLR Silver Lake Resource 1 -1 -9 -40 1.39 $ 1,186,336,182.06
BNZ Benzmining 1 -10 -7 0.71 $ 34,524,884.58
ANX Anax Metals Ltd 1 -2 40 301 0.098 $ 34,668,205.11
SBM St Barbara Limited 0 -16 -31 -54 1.365 $ 949,247,012.62
KNB Koonenberrygold 0.165 $ 12,135,480.72
AM7 Arcadia Minerals 0 5 0.2 $ 6,498,000.00
XTC Xantippe Res Ltd 0 0 0 -33 0.002 $ 9,000,997.57
AYM Australia United Min 0 0 0 200 0.009 $ 16,583,197.37
DCX Discovex Res Ltd 0 0 -29 -38 0.005 $ 12,843,320.38
AQI Alicanto Min Ltd 0 -4 -8 -32 0.115 $ 36,997,589.36
GMR Golden Rim Resources 0 -14 -33 -65 0.006 $ 19,772,098.07
PRX Prodigy Gold NL 0 3 -17 -43 0.039 $ 22,139,849.03
G88 Golden Mile Res Ltd 0 -14 -50 -25 0.048 $ 8,208,879.74
DDD 3D Resources Limited 0 0 -20 -19 0.004 $ 15,521,488.37
OAU Ora Gold Limited 0 -11 -20 -33 0.016 $ 13,473,523.55
ZNC Zenith Minerals Ltd 0 0 75 91 0.21 $ 66,064,736.44
GNM Great Northern 0 -10 -10 -50 0.009 $ 10,881,458.78
SIH Sihayo Gold Limited 0 -10 -25 -63 0.009 $ 33,169,152.72
RMX Red Mount Min Ltd 0 -10 -18 13 0.009 $ 13,180,124.72
AWV Anova Metals Ltd 0 -16 -19 -19 0.021 $ 30,094,978.20
KAU Kaiser Reef 0 -6 -39 -49 0.205 $ 21,895,712.57
TRN Torrens Mining 0 -23 7 0.155 $ 11,146,390.08
SFM Santa Fe Minerals 0 2 -15 6 0.085 $ 6,189,597.07
SPQ Superior Resources 0 -14 0 20 0.012 $ 19,537,088.68
MZZ Matador Mining Ltd 0 -14 22 -19 0.36 $ 81,363,318.86
ZAG Zuleika Gold Ltd 0 -14 -40 -11 0.025 $ 9,432,147.58
HRZ Horizon 0 5 5 -16 0.105 $ 56,797,520.00
IDA Indiana Resources 0 -5 -30 21 0.058 $ 25,197,923.68
CEL Challenger Exp Ltd 0 9 0 33 0.3 $ 291,546,127.50
CMM Capricorn Metals 0 -6 45 18 2.17 $ 784,490,572.29
BMO Bastion Minerals 0 14 19 0.25 $ 17,113,565.00
GMN Gold Mountain Ltd 0 -9 -47 -47 0.02 $ 21,402,983.40
ERM Emmerson Resources 0 -6 -14 -20 0.067 $ 32,883,740.27
NXM Nexus Minerals Ltd 0 133 280 280 0.35 $ 78,128,534.72
MEU Marmota Limited 0 14 14 0 0.048 $ 44,552,549.74
MRR Minrex Resources Ltd 0 7 -27 -38 0.016 $ 9,330,192.88
GBZ GBM Rsources Ltd 0 5 17 -18 0.115 $ 58,283,070.31
WCN White Cliff Min Ltd 0 18 -35 8 0.013 $ 6,723,553.19
LNY Laneway Res Ltd 0 11 0 -29 0.005 $ 19,520,329.67
SI6 SI6 Metals Limited 0 4 -33 -8 0.012 $ 17,137,727.82
SRN Surefire Rescs NL 0 -19 -50 -41 0.013 $ 15,460,345.73
TMX Terrain Minerals 0 0 -18 -40 0.009 $ 6,621,849.08
CGN Crater Gold Min Ltd 0 0 -19 55 0.017 $ 20,867,429.74
MCT Metalicity Limited 0 11 -23 -57 0.01 $ 21,437,715.32
CTO Citigold Corp Ltd 0 10 -8 0 0.011 $ 31,170,250.00
KGM Kalnorth Gold Ltd 0 0 0 0 0.013 $ 11,625,120.78
TRY Troy Resources Ltd 0 0 -46 -59 0.037 $ 30,073,993.35
MLS Metals Australia 0 0 -20 0 0.002 $ 10,477,114.72
NUS Nusantara Resources 0 2 24 12 0.3475 $ 80,506,369.93
ARN Aldoro Resources 0 -25 44 345 0.445 $ 40,000,683.00
CY5 Cygnus Gold Limited 0 -4 -24 -32 0.125 $ 14,636,713.23
THR Thor Mining PLC 0 46 36 12 0.019 $ 9,988,259.08
BBX BBX Minerals Ltd 0 13 -19 -55 0.215 $ 93,894,402.38
PF1 Pathfinder Resources 0 25 59 0.35 $ 17,713,165.20
PNX PNX Metals Limited 0 0 0 -30 0.007 $ 21,913,161.07
AAJ Aruma Resources Ltd 0 25 36 -40 0.09 $ 11,462,496.77
MKG Mako Gold -1 5 5 -7 0.0935 $ 33,255,019.37
MAU Magnetic Resources -1 3 4 45 1.64 $ 357,804,523.60
RRL Regis Resources -1 -21 -29 -58 2.03 $ 1,516,980,006.21
YRL Yandal Resources -1 -7 15 108 0.5 $ 50,219,976.50
BGL Bellevue Gold Ltd -1 -14 3 -18 0.845 $ 833,108,684.27
RSG Resolute Mining -1 -9 0 -55 0.42 $ 458,115,472.99
SVL Silver Mines Limited -1 -8 -8 1 0.1925 $ 238,888,162.90
HCH Hot Chili Ltd -1 -18 -6 -4 0.0375 $ 161,590,327.74
KTA Krakatoa Resources -1 3 13 -30 0.07 $ 21,219,114.02
MOH Moho Resources -2 3 -23 -39 0.064 $ 6,609,625.73
IVR Investigator Res Ltd -2 -12 -22 24 0.061 $ 78,112,849.81
CYL Catalyst Metals -2 -7 -9 -27 1.82 $ 184,795,959.24
KRM Kingsrose Mining Ltd -2 4 4 26 0.048 $ 35,040,352.90
OBM Ora Banda Mining Ltd -2 -5 -61 -74 0.095 $ 92,551,327.98
G50 Gold50Limited -2 -2 0.225 $ 11,321,550.23
S2R S2 Resources -2 -26 -48 -64 0.089 $ 30,291,862.68
NES Nelson Resources. -2 -5 -66 -39 0.042 $ 7,771,687.80
KSN Kingston Resources -2 11 -17 -17 0.2 $ 57,230,911.40
CWX Carawine Resources -2 -11 -26 -22 0.2 $ 22,322,429.91
WMC Wiluna Mining Corp -2 -3 1 -42 0.995 $ 159,098,820.42
AME Alto Metals Limited -3 -8 7 -11 0.078 $ 34,669,999.67
RMS Ramelius Resources -3 -13 -11 -34 1.36 $ 1,087,640,536.02
AOP Apollo Consolidated -3 0 13 21 0.38 $ 107,899,618.30
DRE Drednought Resources -3 -16 85 48 0.037 $ 101,947,036.39
CAI Calidus Resources -3 -4 31 -8 0.55 $ 213,961,665.65
GIB Gibb River Diamonds -3 4 -18 44 0.072 $ 16,074,717.82
TSO Tesoro Resources Ltd -3 -8 -50 -68 0.097 $ 50,100,686.90
VRC Volt Resources Ltd -3 7 113 146 0.032 $ 90,024,423.27
NCM Newcrest Mining -3 -8 -7 -27 22.95 $ 18,518,572,991.44
MEG Megado -3 -12 -46 0.092 $ 3,960,489.42
GRL Godolphin Resources -3 -9 -21 -33 0.15 $ 12,616,690.65
ARL Ardea Resources Ltd -3 -10 -2 0 0.45 $ 60,735,056.36
WRM White Rock Min Ltd -3 -15 -50 -53 0.28 $ 39,890,416.16
KCC Kincora Copper -4 -27 -44 0.135 $ 10,038,994.28
WGX Westgold Resources. -4 -8 -20 -31 1.62 $ 689,212,832.75
ARV Artemis Resources -4 4 8 -23 0.081 $ 102,909,807.38
BYH Bryah Resources Ltd -4 6 -23 -18 0.054 $ 11,882,980.28
POL Polymetals Resources -4 -7 0.135 $ 5,241,139.70
SSR SSR Mining Inc. -4 -11 8 -23 20.32 $ 437,449,123.20
NAG Nagambie Resources -4 -3 -4 39 0.078 $ 36,994,993.60
AWJ Auric Mining -4 0 -37 0.13 $ 7,141,162.73
GOR Gold Road Res Ltd -4 -6 9 -16 1.2175 $ 1,053,160,358.11
NST Northern Star -4 -9 -10 -35 8.8 $ 9,899,195,191.50
DEX Duke Exploration -4 -13 -30 0.23 $ 20,748,564.96
GUL Gullewa Limited -4 -4 14 -11 0.089 $ 16,943,205.90
KZR Kalamazoo Resources -4 -10 -23 -52 0.33 $ 45,676,087.56
TCG Turaco Gold Limited -4 -4 83 83 0.11 $ 32,993,987.91
AQX Alice Queen Ltd -5 -19 -45 -73 0.0105 $ 13,702,230.10
SAU Southern Gold -5 -3 -28 -48 0.063 $ 13,439,711.63
TBR Tribune Res Ltd -5 -5 -7 -31 4.91 $ 257,093,577.30
VAN Vango Mining Ltd -5 -2 -30 -37 0.061 $ 68,148,440.86
EVN Evolution Mining Ltd -5 -10 -14 -38 3.58 $ 6,396,957,961.56
CHZ Chesser Resources -5 -17 -14 -41 0.1375 $ 65,169,457.50
DGO DGO Gold Limited -6 -11 -9 -14 2.74 $ 216,866,994.12
TAR Taruga Minerals -6 6 9 -19 0.05 $ 25,603,000.30
FML Focus Minerals Ltd -6 0 -20 -42 0.24 $ 43,859,655.60
AAR Anglo Australian -6 -1 -19 -51 0.079 $ 47,694,339.12
PRU Perseus Mining Ltd -6 -9 30 3 1.4 $ 1,717,757,398.00
HXG Hexagon Energy -6 0 -23 36 0.075 $ 33,451,037.03
DEG De Grey Mining -6 -21 -5 -21 0.96 $ 1,247,182,463.87
AL8 Alderan Resource Ltd -6 -12 -40 -66 0.044 $ 15,392,576.48
MM8 Medallion Metals. -6 -4 -12 0.22 $ 18,218,269.35
MAT Matsa Resources -7 -5 -28 -56 0.057 $ 20,056,658.72
BAT Battery Minerals Ltd -7 17 -39 0 0.014 $ 29,444,835.46
AMI Aurelia Metals Ltd -7 -11 -19 -37 0.3075 $ 370,445,060.40
CST Castile Resources -7 -7 -2 -32 0.205 $ 40,940,574.81
FFX Firefinch Ltd -7 10 183 284 0.595 $ 560,786,448.67
MML Medusa Mining Ltd -7 -12 -7 -13 0.725 $ 145,511,310.70
MTH Mithril Resources -7 -24 -24 -54 0.013 $ 30,842,796.49
RGL Riversgold -7 -26 -52 -51 0.026 $ 11,313,181.49
BAR Barra Resources -7 18 30 -4 0.026 $ 20,569,575.34
ALY Alchemy Resource Ltd -7 -10 0 -28 0.013 $ 8,739,164.89
DCN Dacian Gold Ltd -7 -22 -43 -43 0.195 $ 188,648,850.78
M2R Miramar -7 -7 -10 0.195 $ 9,443,004.00
ADV Ardiden Ltd -7 -4 -31 -50 0.0125 $ 27,941,604.81
CLA Celsius Resource Ltd -7 -7 -34 -17 0.025 $ 26,180,702.03
DLC Delecta Limited -8 100 100 100 0.012 $ 13,836,404.46
AZS Azure Minerals -8 -18 -2 62 0.3 $ 91,372,037.70
MHC Manhattan Corp Ltd -8 20 -20 -74 0.012 $ 18,315,344.32
AUC Ausgold Limited -8 -8 -30 -8 0.035 $ 57,072,583.48
PRS Prospech Limited -8 -14 -38 0 0.077 $ 5,018,937.39
BGD Bartongoldholdings -8 -13 0.165 $ 14,163,599.34
OKU Oklo Resources Ltd -8 -8 -24 -59 0.11 $ 57,963,428.38
ENR Encounter Resources -8 13 38 16 0.22 $ 69,576,435.06
GED Golden Deeps -8 -8 10 -27 0.011 $ 8,534,365.84
RDS Redstone Resources -8 10 10 -31 0.011 $ 7,908,989.69
CXU Cauldron Energy Ltd -9 7 -23 -18 0.031 $ 15,721,396.16
E2M E2 Metals -9 -2 -16 4 0.255 $ 38,370,159.32
CDR Codrus Minerals Ltd -9 -6 0.15 $ 6,400,000.00
PNR Pantoro Limited -9 3 1 -5 0.2 $ 288,844,733.09
LM8 Lunnonmetalslimited -9 -23 0.44 $ 32,172,065.52
SVY Stavely Minerals Ltd -10 -13 -33 -31 0.375 $ 96,555,737.24
AUT Auteco Minerals -10 -17 -15 -49 0.074 $ 125,038,420.20
MBK Metal Bank Ltd -10 0 -18 0 0.009 $ 10,701,614.74
OZM Ozaurum Resources -10 0 -21 0.135 $ 8,010,240.00
BDC Bardoc Gold Ltd -10 -25 -28 -32 0.052 $ 79,821,839.30
M24 Mamba Exploration -11 -6 -37 0.17 $ 6,290,000.00
NMR Native Mineral Res -12 -13 -33 0.23 $ 6,627,105.00
VKA Viking Mines Ltd -12 -25 -62 8 0.015 $ 15,318,876.47
TRM Truscott Mining Corp -12 7 43 88 0.03 $ 4,558,246.32
WWI West Wits Mining Ltd -12 -28 -55 16 0.043 $ 66,830,263.50
AXE Archer Materials -13 -3 96 240 1.735 $ 395,070,857.31
TTM Titan Minerals -13 -9 0 -23 0.1 $ 113,730,309.38
FFR Firefly Resources -13 -13 -5 -32 0.1 $ 30,833,953.00
TMZ Thomson Res Ltd -13 -15 -26 81 0.085 $ 42,961,133.49
STN Saturn Metals -14 -5 1 -39 0.405 $ 44,482,731.45
PUR Pursuit Minerals -14 -28 -51 255 0.043 $ 39,354,584.47
HMX Hammer Metals Ltd -15 -27 -34 48 0.0605 $ 49,623,172.00
OKR Okapi Resources -15 6 186 186 0.5 $ 52,115,230.26
NAE New Age Exploration -15 -8 -21 -15 0.011 $ 17,230,786.92
CHN Chalice Mining Ltd -16 -10 18 136 6.15 $ 2,255,274,970.20
GTR Gti Resources -18 44 31 44 0.028 $ 22,302,749.47
A1G African Gold Ltd. -18 30 -17 51 0.21 $ 18,481,568.80
MEI Meteoric Resources -21 -34 -60 -51 0.0245 $ 32,094,996.94
NVA Nova Minerals Ltd -22 2 -29 18 0.1175 $ 201,713,597.64
NPM Newpeak Metals -25 -25 -50 -50 0.0015 $ 13,654,870.31

 

Top weekly gold performers

Several small cap gold companies made big returns over the last week:

Red Dirt (ASX:RDT) returned a whopping 117% over the last week and at the time of writing its share price was around $0.64.

The company discovered new lithium pegmatites from historic drilling and surface rock chips within the Mt Ida Project in Western Australia’s Goldfields region.

Predictive Discovery (ASX:PDI) released a maiden resource estimate of 3.65 million ounces for the Bankan Gold Project in Guineas Siguri Basin in Africa, which saw weekly returns up 53%.

The company said the MRE has been defined in only 17 months since the discovery drill-holes were reported.

PDI managing director Paul Roberts said: “Our gold discovery success in such a small time period invites comparisons with the best gold deposit discovered in West Africa in the last decade – Fekola in Mali, also announced 17 months after first discovery.”

Brightstar Resources Limited (ASX:BTR) returned 46% over the last week after launching a reverse circulation (RC) drilling campaign at its Cork Tree Well Project in the Laverton district of Western Australia.

The company also announced the completion of an oversubscribed placement today which raised $2.3 million to fund the drilling program which it hopes will “increase the size and confidence of the current JORC resource.”

Another positive return of 30% has been made for Metalstech Limited(ASX:MTC) after intersecting 19 metres at 5.08g/t and 12.9g/t gold at the Sturec Gold Mine in Slovakia.

MTC chairman Russell Moran said: “It’s great to see we have hit nice, thick mineralisation with excellent gold grade right out of the gate on this program.

“The next hole looks fantastic based on the visible gold seen in cut core and we look forward to reporting on that in a couple of days when assays come in.”

Lastly, Evolution Mining (ASX:EVN) has made some positive returns (about 3% at the time of writing) after receiving approval to develop the underground Cowal Gold Operation by the NSW Department of Planning, Industry & Environment (DPIE), extending the operation’s permitted mine life to 2040.