Investors want to see gold miners wisely grow their production profile.

Not like miners did during the last cycle, when some irrational, highly priced M&A action destroyed significant wealth.

The big gold miners have a “lousy recent history” of buying companies, Barrick Gold (TSX:ABX) executive chairman John Thornton said.

He has called his company’s acquisition of Equinox “if not the worst, one of the five worst acquisitions in [mining] history.”

On April 25, 2011, Barrick Gold Corporation announced the acquisition of Equinox for $US7.69 billion. Just two years later the world’s biggest gold miner copped an embarrassing US$4.2-billion write-down, mostly tied to Equinox’ struggling ‘Lumwana’ mine in Zambia.

While the industry has returned to fundamentals and balance sheet health, over adding ounces at any price, “mining companies are also expected to have cohesive and compelling growth stories”, says junior mining investor David Erfle.

“With ounces controlled by juniors currently on sale, there are significant opportunities being created in a depressed market for mining companies to transform their portfolios through acquisitions or alliances.

“Junior miners have driven a 43% increase in global gold exploration budgets in 2021, bringing total spend to $US6.2 billion – the highest annual figure since 2013, according to data from S&P Global Market Intelligence.”

After years of underinvestment during the previous bear market, global miner production profiles are under pressure which makes further M&A inevitable during the next few years, Erfle says.

“This is a good time for resource stock speculators to take advantage of the current weakness in the mining complex to perform proper due diligence on a carefully selected watch list of quality juniors.”

USD gold price over the past 2 years.

The ASX gold M&A action begins

KIN MINING (ASX:KIN)

This week, the WA gold mine developer snubbed a 16c per share takeover offer from miner and major shareholder St Barbara (ASX:SBM), and will instead raise $13m to advance the flagship 1.28moz ‘Cardinia’ gold project on its own.

It was move predicted by the guru himself, Barry Fitzgerald, late last month.

The SBM offer represents a 60% premium to the last closing price but is well below the 23c per share peak hit October last year.

Kin says it rejected the deal after “canvassing the views of its major and substantial shareholders”.

“The Board determined that the proposed NBIO could not progress because the proposed transaction was not acceptable to the major and substantial shareholders other than SBM, and therefore would not have been approved by the requisite 75% voting majority of Kin’s shareholders,” Kin says.

A takeover at the right price is not off the table, though, with “the Kin Board welcome[ing] the continued interest from St Barbara”.

 

GASCOYNE RESOURCES (ASX:GCY)

Mid cap goldie Westgold (ASX:WGX) has also made an unsolicited move on small miner GCY, which expects to produce between 70,000 and 80,000 ounces of gold at AISC of $1,600 to $1,700 per ounce for FY22.

A successful takeover bid would create Australia’s 5th largest gold producer (with pro forma FY22 production of ~350,000oz of gold), $680m market cap WGX says.

For GCY shareholders it removes funding risks and concerns of longevity, with mining at GCY’s Dalgaranga operation currently forecast to end in 2025.

The offer — one WGX Share for every four GCY Shares – represents a 34.7% premium to the last closing price for GCY shares.

GCY recommends shareholders take no action.

 

Winners & Losers

Here’s how ASX-listed gold & silver 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 1 WEEK RETURN % 1 MONTH RETURN % 6 MONTH RETURN % 1 YEAR RETURN % PRICE MARKET CAP
ANL Amani Gold 150 25 150 25 0.0025 $ 50,162,646.32
NXM Nexus Minerals 38 193 368 252 0.44 $ 93,157,634.98
SMI Santana Minerals 35 100 56 0 0.21 $ 22,806,527.20
NPM Newpeak Metals 33 0 -33 -33 0.002 $ 13,654,870.31
GSN Great Southern 28 36 28 -35 0.068 $ 34,384,908.56
TCG Turaco Gold Limited 28 4 108 79 0.125 $ 42,084,168.25
RDT Red Dirt Metals 28 273 378 292 0.765 $ 101,463,612.16
DEG De Grey Mining 26 10 6 -4 1.215 $ 1,564,018,243.81
PAK Pacific American Hld 25 7 -3 13 0.02 $ 6,371,698.00
WAF West African Res 25 15 32 5 1.21 $ 1,007,648,408.82
AME Alto Metals Limited 23 25 3 -14 0.095 $ 40,973,635.98
KAU Kaiser Reef 22 21 -18 -38 0.25 $ 25,099,963.19
RED Red 5 Limited 21 13 55 -13 0.255 $ 624,435,572.78
M24 Mamba Exploration 21 14 -25 0.205 $ 7,400,000.00
VKA Viking Mines 20 -5 -57 15 0.018 $ 18,382,651.76
TTM Titan Minerals 20 2 7 -13 0.1175 $ 133,459,036.52
MTH Mithril Resources 17 -18 -26 -56 0.014 $ 35,983,262.57
PNX PNX Metals Limited 17 0 0 -22 0.007 $ 23,739,257.82
STK Strickland Metals 16 74 235 -11 0.066 $ 68,677,119.25
CDT Castle Minerals 15 0 36 25 0.015 $ 12,890,169.77
HRZ Horizon 15 -4 5 5 0.115 $ 65,317,148.00
CST Castile Resources 15 9 -2 -29 0.235 $ 43,936,226.62
SNG Siren Gold 14 8 -19 -38 0.28 $ 19,537,564.77
AOP Apollo Consolidated 14 18 20 35 0.42 $ 122,480,647.80
AGG AngloGold Ashanti 13 3 -20 -35 4.7 $ 407,679,486.05
SLR Silver Lake Resource 13 9 -9 -38 1.51 $ 1,336,841,518.59
MEI Meteoric Resources 13 -25 -55 -50 0.027 $ 33,432,288.48
KRM Kingsrose Mining 13 10 26 50 0.054 $ 38,690,389.66
MRR Minrex Resources 13 20 -18 -25 0.018 $ 10,496,466.99
DTM Dart Mining NL 13 23 -4 -18 0.135 $ 13,992,366.64
S2R S2 Resources 12 -17 -39 -65 0.095 $ 33,855,611.23
RMS Ramelius Resources 12 1 -9 -29 1.49 $ 1,205,773,777.76
GOR Gold Road Res 11 3 11 -13 1.33 $ 1,172,136,632.87
BDC Bardoc Gold 11 -25 -30 -33 0.051 $ 86,762,868.80
WGX Westgold Resources. 11 4 -16 -31 1.8 $ 750,711,823.98
CAI Calidus Resources 11 3 43 -1 0.5925 $ 227,959,157.79
MKG Mako Gold 10 7 5 -4 0.096 $ 36,695,193.79
DCN Dacian Gold 10 -4 -39 -43 0.215 $ 203,160,300.84
KCN Kingsgate Consolid. 10 134 94 107 1.74 $ 381,777,781.43
BCN Beacon Minerals 10 3 0 2 0.034 $ 121,843,754.73
GBR Greatbould Resources 10 0 415 270 0.17 $ 58,943,908.49
CMM Capricorn Metals 9 -8 46 33 2.33 $ 858,151,658.89
SBM St Barbara Limited 9 -6 -30 -52 1.46 $ 1,032,361,856.30
BTR Brightstar Resources 9 37 12 16 0.037 $ 14,072,024.45
ZAG Zuleika Gold 9 -14 -39 -11 0.025 $ 10,252,334.33
AUC Ausgold Limited 8 -5 -25 5 0.039 $ 60,243,282.56
MGV Musgrave Minerals 8 3 -2 -37 0.325 $ 170,631,343.68
NST Northern Star 8 -7 -14 -41 9.19 $ 10,551,377,462.94
SVL Silver Mines Limited 8 -7 -7 5 0.2 $ 258,257,473.40
VMC Venus Metals Cor 8 11 11 -26 0.2 $ 30,215,736.60
OBM Ora Banda Mining 8 -11 -58 -72 0.1025 $ 94,499,776.99
TIE Tietto Minerals 8 29 37 -25 0.41 $ 180,193,255.12
LCL Los Cerros Limited 8 -3 -28 -13 0.14 $ 85,814,957.93
NES Nelson Resources. 8 -9 -55 -34 0.043 $ 7,965,980.00
RRL Regis Resources 7 -5 -28 -55 2.16 $ 1,607,674,388.04
GSM Golden State Mining 7 21 7 -45 0.145 $ 12,047,757.83
ZNC Zenith Minerals 7 -10 76 91 0.22 $ 71,083,925.66
BAT Battery Minerals 7 -6 -32 25 0.015 $ 29,444,835.46
PRU Perseus Mining 7 -2 26 5 1.495 $ 1,834,319,507.15
NWM Norwest Minerals 7 7 10 -10 0.08 $ 14,087,367.45
IPT Impact Minerals 7 33 -27 -36 0.016 $ 32,380,718.70
ALK Alkane Resources 6 2 24 -38 0.905 $ 535,849,920.00
ICL Iceni Gold 6 9 0.25 $ 29,944,998.25
EVN Evolution Mining 6 -7 -15 -36 3.71 $ 6,690,228,240.60
ARV Artemis Resources 6 -7 -1 -40 0.087 $ 105,419,802.68
THR Thor Mining PLC 6 20 29 6 0.018 $ 9,988,259.08
DGO DGO Gold Limited 6 -8 -8 -16 2.9 $ 245,831,237.85
A8G Australasian Gold 6 90 0.455 $ 14,622,499.34
ADT Adriatic Metals 6 6 45 43 3.18 $ 567,007,780.16
MAT Matsa Resources 5 -2 -22 -59 0.059 $ 21,131,122.58
SLZ Sultan Resources 5 29 -2 -11 0.2 $ 13,906,877.80
AZS Azure Minerals 5 -15 -2 48 0.31 $ 96,018,073.51
STN Saturn Metals 5 2 -2 -40 0.415 $ 46,735,021.65
MML Medusa Mining 5 -14 -9 -2 0.735 $ 153,826,242.74
AMI Aurelia Metals 5 -10 -23 -34 0.315 $ 388,967,313.42
AAR Anglo Australian 5 1 -24 -44 0.084 $ 48,886,697.60
EMR Emerald Res NL 5 16 26 63 1.0075 $ 510,243,234.93
VAN Vango Mining 5 0 -20 -39 0.064 $ 68,148,440.86
CYL Catalyst Metals 5 0 -2 -26 1.97 $ 194,625,531.54
AWV Anova Metals 5 0 -15 -21 0.022 $ 31,528,072.40
DTR Dateline Resources 5 -3 -18 47 0.092 $ 39,851,789.71
RSG Resolute Mining 4 -8 -10 -54 0.4325 $ 480,193,327.11
DLC Delecta Limited 4 -4 108 79 0.0125 $ 12,903,370.76
FML Focus Minerals 4 4 -11 -38 0.25 $ 45,687,141.25
RDN Raiden Resources 4 -14 0 25 0.025 $ 31,216,037.40
SVY Stavely Minerals 4 -16 -40 -30 0.385 $ 95,250,929.98
TAR Taruga Minerals 4 6 8 -26 0.052 $ 26,627,120.31
E2M E2 Metals 4 -10 -15 13 0.265 $ 40,627,227.51
SSR SSR Mining Inc. 4 -9 3 -15 20.68 $ 431,417,802.06
POL Polymetals Resources 4 -7 0.14 $ 5,435,255.98
RND Rand Mining 3 7 2 -20 1.55 $ 88,157,739.55
FG1 Flynngold 3 -3 0.155 $ 9,299,999.69
NCM Newcrest Mining 3 -6 -10 -23 23.39 $ 19,001,168,312.33
MKR Manuka Resources. 3 -3 -29 -37 0.33 $ 33,492,050.79
BGD Bartongoldholdings 3 -6 0.17 $ 13,734,399.36
ONX Orminex 3 -13 -8 46 0.035 $ 19,176,308.34
DRE Drednought Resources 3 -3 85 6 0.037 $ 101,947,036.39
HCH Hot Chili 3 -12 -7 3 0.038 $ 165,957,633.89
AM7 Arcadia Minerals 3 -13 0.195 $ 6,327,000.00
M2R Miramar 3 0 -17 0.2 $ 9,443,004.00
A1G African Gold . 3 11 -12 57 0.205 $ 18,943,608.02
PNR Pantoro Limited 2 0 2 -2 0.21 $ 288,844,733.09
CAZ Cazaly Resources 2 -9 8 -19 0.043 $ 15,891,220.48
PDI Predictive Disc 2 113 236 283 0.245 $ 332,130,171.49
BGL Bellevue Gold 2 1 -1 -23 0.8625 $ 842,967,958.64
BMO Bastion Minerals 2 4 28 0.255 $ 17,455,836.30
BC8 Black Cat Syndicate 2 -10 -28 -32 0.53 $ 72,516,022.67
BYH Bryah Resources 2 4 -22 -13 0.054 $ 12,107,187.45
BRV Big River Gold 2 -11 -37 -46 0.27 $ 57,055,037.52
GIB Gibb River Diamonds 1 15 -3 67 0.075 $ 15,440,189.49
RXL Rox Resources 1 -12 -33 -56 0.38 $ 57,526,779.11
MEG Megado 1 -7 -45 0.093 $ 4,003,538.21
WMC Wiluna Mining Corp 1 -2 -1 -39 1.015 $ 163,056,502.52
BEZ Besragoldinc 0.2 $ 34,369,992.00
HMX Hammer Metals 2 -23 -30 59 0.062 $ 48,809,677.38
OZM Ozaurum Resources 0 -3 -13 0.14 $ 8,010,240.00
MBK Metal Bank 0 0 -18 0 0.009 $ 10,701,614.74
AUT Auteco Minerals 0 -15 -16 -48 0.075 $ 123,371,241.26
CDR Codrus Minerals 0 -3 0.16 $ 6,400,000.00
RDS Redstone Resources 0 0 -15 -27 0.011 $ 7,908,989.69
OKU Oklo Resources 0 -12 -12 -57 0.115 $ 60,483,577.44
MHC Manhattan Corp 0 -8 -20 -71 0.012 $ 18,315,344.32
ALY Alchemy Resource 0 -13 -13 -32 0.013 $ 8,739,164.89
HXG Hexagon Energy 0 0 -20 43 0.076 $ 33,451,037.03
AWJ Auric Mining 0 0 -35 0.13 $ 7,211,016.41
KCC Kincora Copper 0 -20 -38 0.14 $ 9,716,818.73
WRM White Rock Min 0 -11 -52 -47 0.28 $ 38,465,758.44
ARL Ardea Resources 0 -4 -10 -14 0.44 $ 60,044,885.27
GRL Godolphin Resources 0 -9 -25 -36 0.15 $ 12,616,690.65
TSO Tesoro Resources 0 -11 -46 -74 0.1 $ 50,100,686.90
IVR Investigator Res 0 -18 -28 23 0.059 $ 79,436,796.42
NUS Nusantara Resources 0 1 29 24 0.3475 $ 80,506,369.93
MLS Metals Australia 0 0 0 0 0.002 $ 10,477,114.72
TRY Troy Resources 0 0 -47 -63 0.037 $ 30,073,993.35
KGM Kalnorth Gold 0 0 0 0 0.013 $ 11,625,120.78
CTO Citigold Corp 0 0 -15 -21 0.011 $ 28,336,590.91
MCT Metalicity Limited 0 0 -17 -57 0.01 $ 21,437,715.32
CGN Crater Gold Min 0 0 -15 42 0.017 $ 20,867,429.74
SRN Surefire Rescs NL 0 -13 -46 -39 0.014 $ 15,460,345.73
SI6 SI6 Metals Limited 0 -8 -33 -8 0.012 $ 17,137,727.82
LNY Laneway Res 0 25 0 -29 0.005 $ 19,520,329.67
WCN White Cliff Min 0 -20 -37 -33 0.012 $ 6,723,553.19
IDA Indiana Resources 0 -3 -27 23 0.058 $ 25,197,923.68
MZZ Matador Mining 0 -6 12 -8 0.38 $ 81,363,318.86
SPQ Superior Resources 0 8 8 30 0.013 $ 16,531,382.73
SFM Santa Fe Minerals 0 0 -8 -6 0.085 $ 6,189,597.07
TRN Torrens Mining 0 -16 3 0.16 $ 11,494,714.77
RMX Red Mount Min 0 -10 -10 29 0.009 $ 13,180,124.72
GNM Great Northern 0 -18 -10 -57 0.009 $ 9,672,407.81
OAU Ora Gold Limited 0 0 -27 -30 0.016 $ 13,473,523.55
DDD 3D Resources Limited 0 0 -20 -19 0.004 $ 15,521,488.37
PRX Prodigy Gold NL 0 0 -19 -28 0.038 $ 22,139,849.03
GMR Golden Rim Resources 0 -14 -40 -63 0.006 $ 19,772,098.07
AQI Alicanto Min 0 -19 -8 -35 0.11 $ 34,531,083.41
AYM Australia United Min 0 -33 -11 167 0.008 $ 16,583,197.37
XTC Xantippe Res 0 0 -20 -20 0.002 $ 9,000,997.57
RVR Red River Resources 0 -8 -28 3 0.17 $ 85,432,770.56
HRN Horizon Gold 0 -9 -5 -11 0.365 $ 38,942,585.84
RML Resolution Minerals 0 -13 -20 -55 0.02 $ 10,641,956.74
KAI Kairos Minerals 0 3 -6 -55 0.03 $ 50,295,587.70
GML Gateway Mining 0 13 -33 -10 0.018 $ 32,361,805.20
TAM Tanami Gold NL 0 1 -10 16 0.072 $ 84,606,987.31
FAU First Au 0 27 -13 -18 0.014 $ 7,990,173.80
LCY Legacy Iron Ore 0 -13 0 180 0.014 $ 89,666,339.24
ASO Aston Minerals 0 -14 -4 208 0.12 $ 119,274,678.63
TSC Twenty Seven Co. 0 67 -17 -29 0.005 $ 13,304,069.53
ADN Andromeda Metals 0 -6 -45 -3 0.155 $ 369,232,806.90
AVW Avira Resources 0 0 -20 -25 0.006 $ 10,312,740.00
TBR Tribune Res 0 -2 -7 -30 4.89 $ 259,716,981.15
FFR Firefly Resources -1 -12 -6 -37 0.099 $ 30,833,953.00
MDI Middle Island Res -1 -6 -65 -73 0.094 $ 11,629,731.09
PGD Peregrine Gold -1 4 46 0.395 $ 12,095,566.20
SAU Southern Gold -2 -6 -33 -54 0.062 $ 13,226,382.87
BRB Breaker Res NL -2 10 33 19 0.28 $ 92,864,664.77
GTR Gti Resources -2 -5 24 36 0.0265 $ 21,476,721.71
LM8 Lunnonmetalslimited -2 -24 0.41 $ 30,640,062.40
TG1 Techgen Metals -2 18 -31 0.2 $ 7,320,469.15
TBA Tombola Gold -2 3 -23 -11 0.04 $ 25,371,831.16
QML Qmines Limited -3 10 0.39 $ 18,706,880.49
LEX Lefroy Exploration -3 -17 -71 65 0.38 $ 46,286,496.80
KTA Krakatoa Resources -3 -5 19 -18 0.07 $ 20,040,274.36
ERM Emmerson Resources -3 -6 -10 -27 0.064 $ 31,887,263.30
TRM Truscott Mining Corp -3 -15 38 81 0.029 $ 4,406,304.78
GUL Gullewa Limited -3 -9 4 -22 0.086 $ 16,372,086.60
KWR Kingwest Resources -4 96 23 -7 0.135 $ 27,076,034.83
CHN Chalice Mining -4 -17 -1 124 6.15 $ 2,061,158,971.20
BAR Barra Resources -4 0 25 4 0.025 $ 18,987,300.31
CLA Celsius Resource -4 -20 -38 -23 0.024 $ 25,133,473.94
SKY SKY Metals -4 0 -34 -32 0.095 $ 29,846,507.04
NAE New Age Exploration -4 5 -12 -18 0.0115 $ 15,794,888.01
G88 Golden Mile Res -4 -25 -52 -22 0.046 $ 7,695,824.76
GBZ GBM Rsources -4 -4 10 -21 0.11 $ 55,749,023.77
KZR Kalamazoo Resources -4 -6 -23 -52 0.325 $ 43,660,966.05
WWI West Wits Mining -5 -18 -52 17 0.042 $ 63,792,524.25
GED Golden Deeps -5 -13 -13 -25 0.0105 $ 8,146,440.12
AQX Alice Queen -5 5 -42 -73 0.0105 $ 13,017,118.60
GMN Gold Mountain -5 -9 -47 -48 0.02 $ 20,332,834.23
NSM Northstaw -5 2 -27 -30 0.3 $ 11,235,560.00
MAU Magnetic Resources -5 -4 -1 34 1.56 $ 344,714,114.20
BBX BBX Minerals -5 8 -3 -59 0.195 $ 89,314,187.63
ANX Anax Metals -5 -10 29 285 0.094 $ 32,216,917.88
FFX Firefinch -5 -10 157 250 0.5775 $ 530,178,344.63
MEU Marmota Limited -5 1 1 -9 0.0435 $ 43,584,016.05
CBY Canterbury Resources -6 -10 -14 -21 0.099 $ 11,899,654.47
AAU Antilles Gold -6 4 -13 119 0.082 $ 20,695,864.22
OKR Okapi Resources -6 -8 182 146 0.48 $ 49,049,628.48
PUA Peak Minerals -6 -16 -36 -47 0.016 $ 9,220,539.78
CXU Cauldron Energy -6 -17 -30 -21 0.03 $ 14,738,808.90
MOH Moho Resources -6 -3 -27 -43 0.06 $ 6,196,524.12
TLM Talisman Mining -6 -9 43 36 0.15 $ 28,927,399.68
MRZ Mont Royal Resources -6 19 36 15 0.375 $ 14,203,768.13
MM8 Medallion Metals. -7 -9 -14 0.21 $ 17,003,718.06
AL8 Alderan Resource -7 -14 -40 -71 0.042 $ 17,873,775.36
AZL Arizona Lithium -7 2 0 223 0.042 $ 72,233,466.10
ENR Encounter Resources -7 -23 21 -28 0.205 $ 64,832,587.22
TNR Torian Resources -7 -10 -41 17 0.027 $ 23,473,453.10
HAW Hawthorn Resources -7 -10 0 -47 0.054 $ 18,009,843.10
EM2 Eagle Mountain -7 -15 -12 103 0.74 $ 166,345,289.67
BNZ Benzmining -7 -24 -22 0.66 $ 33,661,912.68
CWX Carawine Resources -7 -14 -27 -19 0.19 $ 20,689,081.38
CY5 Cygnus Gold Limited -7 -14 -24 -29 0.125 $ 12,468,311.27
AGC AGC -7 9 -26 0.125 $ 8,127,274.08
AGC AGC -7 9 -26 0.125 $ 8,127,274.08
BNR Bulletin Res -7 -22 -8 -4 0.062 $ 16,446,627.35
KSN Kingston Resources -8 0 -23 -26 0.185 $ 54,369,365.83
PNM Pacific Nickel Mines -8 -10 57 71 0.072 $ 15,472,442.59
G50 Gold50Limited -8 -25 0.2075 $ 10,440,985.21
NAG Nagambie Resources -8 -16 -18 13 0.068 $ 33,995,399.53
NVA Nova Minerals -8 -21 -29 12 0.11 $ 196,904,131.27
CEL Challenger Exp -8 -7 -8 31 0.275 $ 272,669,719.00
MVL Marvel Gold Limited -8 14 23 8 0.065 $ 37,630,632.52
NMR Native Mineral Res -9 -13 -32 0.21 $ 6,050,835.00
AGS Alliance Resources -9 -9 -12 -37 0.15 $ 30,162,484.43
TMZ Thomson Res -10 -25 -25 22 0.082 $ 39,656,430.91
AAJ Aruma Resources -10 -14 19 -22 0.082 $ 10,202,881.74
YRL Yandal Resources -10 -17 3 55 0.45 $ 47,206,777.91
SIH Sihayo Gold Limited -10 -10 -31 -57 0.009 $ 33,169,152.72
DCX Discovex Res -10 0 -36 -25 0.0045 $ 12,843,320.38
XAM Xanadu Mines -10 4 -62 -37 0.027 $ 32,734,981.50
GWR GWR Group -10 -32 -47 -37 0.13 $ 40,876,169.81
PRS Prospech Limited -10 -19 -43 0 0.069 $ 4,497,489.35
DEX Duke Exploration -11 -21 -41 0.205 $ 18,493,286.16
REZ Resourc & En Grp -11 28 3 78 0.041 $ 17,698,912.35
TMX Terrain Minerals -11 0 -38 -33 0.008 $ 5,886,088.07
NML Navarre Minerals -12 -9 -43 -53 0.085 $ 59,327,632.84
VRC Volt Resources -13 -22 84 168 0.0295 $ 76,785,537.50
EMU EMU NL -13 -24 -48 -38 0.026 $ 11,869,376.58
BMR Ballymore Resources -13 -17 0 0 0.26 $ 18,584,301.06
AXE Archer Materials -14 -8 66 205 1.495 $ 346,113,949.92
PUR Pursuit Minerals -14 -25 -58 251 0.036 $ 32,795,487.06
RGL Riversgold -14 -25 -56 -65 0.024 $ 10,101,054.90
ICG Inca Minerals -14 20 4 126 0.12 $ 52,903,940.87
ADV Ardiden -15 -35 -42 -52 0.011 $ 23,642,896.38
ARN Aldoro Resources -17 -24 21 312 0.375 $ 33,597,163.82
SBR Sabre Resources -17 25 -9 -50 0.005 $ 8,446,568.25
PF1 Pathfinder Resources -17 -13 26 0.295 $ 14,719,390.80
PKO Peako Limited -17 -14 -20 -31 0.024 $ 7,402,898.42
CHZ Chesser Resources -18 -26 -23 -55 0.115 $ 55,859,535.00
KNB Koonenberrygold -18 0.135 $ 10,296,771.52
MTC Metalstech -19 104 308 226 0.53 $ 94,998,816.30

 

WEEKLY SMALL CAP STANDOUTS

AMANI GOLD (ASX:ANL) +150%

The Klaus Eckhof-led explorer recently raised $7 million to fund exploration and development activities at the 4.4Moz Giro deposit in the DRC, ~35km away from Barrick and AngloGold’s 16Moz Kibali gold mine.

Guy Le Page says Eckhof has had a cracking run with African mining companies including Moto Gold Mines Limited (21Moz gold) that was taken out by Randgold in 2009.

“So far I haven’t lost money with him yet, so I am going to roll out his latest gig in the jungle being African gold explorer Amani,” he says.

“The company is looking to accelerate development/ commercialisation options for the project including a desktop study in relation to the Kebigada Deposit as well as a consideration of potential business development and corporate opportunities.

“I think this stock would fit well in any doomsday prepper’s portfolio…”

Eagle-eyed Twitter observers also noted a sustained jump above 0.03c would be good news for Amani Klaus chairman Eckhof, who became acting managing director in February this year.

Part of his remuneration consists of 1 billion performance rights, which are set to vest if the Amani share price holds above 0.01c, 0.02c and 0.03c for 20 days each.