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Mining
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’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.
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 |
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.
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