Gold Digger: Gold steady despite muggy CPI data; emerging markets provide 'ballast'

Gold’s price was looking a bit lethargic after warm CPI weather blew in
The World Gold Council eyes emerging markets and ‘seasonal strength’ in January
The week’s top ASX gold-related stocks led by: GUE, CXU, SIH

Gold bugs will be hoping emerging markets (EMs) can pick up even more of the slack this quarter, as the price of gold was looking pretty… meh, earlier. That said, it looks like it’s now recovered a bit as we head into the ~~pub~~ weekend.

Some warmer than expected – muggy even – CPI inflation figures emanating from the US seems largely responsible for sending the most precious one to a four-week low, earlier.

It’s currently consolidated back around US$2,037, though, so nothing too disastrous, although those looking for a major CPI meltdown may be a teensy bit disappointed right about now.

Aside from fresh news in Large Caps just now regarding airstrikes in Yemen, which is also highly relevant from a geopolitically fuelled save haven angle) Eddy “Market Highlights” Sunarto told us earlier in the day:

Consumer prices in the US picked up again in December to 3.4% (from 3.1% in November), driven by increase in costs for housing, dining out and car insurance.

The number was more than what analysts had expected and could complicate the Fed’s plans to cut rates this year.

Investors are banking on the US Fed making an interest rate cut in March, and with these latest inflation figures, the chances of that happening have just cooled a bit. That said, according to the CME Fedwatch tool, the odds on that still seem to be about 60% for now, down from about 70%.

In plastic fantastic Aussie dollars, by the way, gold is travelling okay at about $3,039, and the S&P/ASX All Ordinaries Gold is down about half a percent.

Thanks, EMs – keep it up

Emerging market (EM) demand for gold helped drive the price of the yellow metal higher in 2023, and provided a “ballast” for pretty ordinary developed market activity. So says The World Gold Council in its latest report. , delivered on January 10.

Close to two thirds of the world’s gold demand comes from EMs and by far the largest two players in that market segment are China (average gold consumption – eg. for jewellery – about 1,120 tonnes per year) and India (about 800 tonnes per year). The next biggest, the US, averages around 200 tonnes per year in gold consumption.

Speaking of emerging markets… the Saudis seem busy…

"The resources include gold, copper, phosphate and rare earth elements, offering new sources of subterranean wealth on top of Saudi Arabia’s mammoth oil reserves…"

Source: https://t.co/tNqDz6KXSB

— Gold Telegraph ⚡ (@GoldTelegraph_) January 10, 2024

The World Gold Council also noted that central bank gold purchases were a significant contributor to record gold price highs in 2023. (US$2,078/oz ended up being the highest annual close on record.)

“We estimate this added up to 15% to gold’s annual performance,” wrote the Council.

Conversely… “Bond yields, despite hitting a 15-year high in October, were only a small drag as they made a round trip to end the year roughly where they started,” added the WGC.

Gold ETFs saw big outflows in 2023

Meanwhile, the WGC says global gold-backed exchange-traded funds (ETFs) witnessed their third successive yearly outflow in 2023, so that’s not great news, despite the record price rise for the yellow metal.

Funds reportedly saw outflows of $14.7 billion last year, with total assets under administration (AUMs) falling to $214.4 billion. Total ETF holdings fell by just over 244 tonnes in 2023, to 3,226 tonnes.

As reported by Forbes:

“The WGC said that outflows during most of 2023 ‘were driven by the region’s rocketing interest rates, the hawkish stance of local central banks, strong currencies and rising living costs which, among other factors, may have led to profit taking.’

“Strong gold price rises and safe-haven demand amid the banking sector turmoil” helped mitigate outflows in the first half, while weakening yields and a falling dollar on expectations of interest rate cuts supported holdings towards the end of 2023.

However… ‘seasonal strength’ in January?

The WGC also notes, again, that EMs came to the rescue, “mopping up DM outflows”.

And when assessing outlook for January, the Council seems optimistic, noting:

“January tends to exhibit seasonal strength. The jury is out on whether recent price records deter or encourage investment. So far so good.”

It added: “Geopolitical risks continue to bubble in the Middle East adding to near-term inflationary risks” and looks ahead with the following in mind:

“In the near term, a tug-of-war between historically positive January seasonality and some pushback against the dovish sentiment that drove prices to all-time-highs in December is likely.

“Equally, there may well be a battle between intermittent inflationary scares (shipping costs) and recessionary impulses (JOLTS hiring), highlighting how perilously narrow the path to an economic soft landing is.”

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	Price	% Week	% Month	% Year	Market Cap
MRR	Minrex Resources Ltd	0.014	-13%	-18%	-66%	$16,273,013
NPM	Newpeak Metals	0.02	0%	11%	-80%	$1,999,035
ASO	Aston Minerals Ltd	0.021	-13%	-25%	-73%	$27,196,350
MTC	Metalstech Ltd	0.24	2%	75%	-49%	$42,514,783
FFX	Firefinch Ltd	0.2	0%	0%	0%	$236,569,315
GED	Golden Deeps	0.044	0%	-6%	-56%	$5,082,983
G88	Golden Mile Res Ltd	0.018	-10%	-14%	-11%	$5,929,011
DCX	Discovex Res Ltd	0.002	0%	0%	-33%	$6,605,136
NMR	Native Mineral Res	0.02	5%	-20%	-80%	$4,195,010
AQX	Alice Queen Ltd	0.006	9%	0%	-86%	$4,145,905
SLZ	Sultan Resources Ltd	0.017	-15%	21%	-80%	$2,667,421
MKG	Mako Gold	0.009	-10%	-5%	-79%	$5,961,685
KSN	Kingston Resources	0.078	0%	-11%	-16%	$39,338,985
AMI	Aurelia Metals Ltd	0.1075	-2%	-2%	-22%	$194,323,251
PNX	PNX Metals Limited	0.0035	17%	0%	-7%	$16,141,874
GIB	Gibb River Diamonds	0.03	0%	7%	-53%	$6,345,283
KCN	Kingsgate Consolid.	1.27	1%	-6%	-29%	$324,767,132
TMX	Terrain Minerals	0.006	20%	20%	0%	$8,120,567
BNR	Bulletin Res Ltd	0.13	-4%	13%	18%	$39,637,799
NXM	Nexus Minerals Ltd	0.044	-2%	-6%	-80%	$17,118,646
SKY	SKY Metals Ltd	0.036	-8%	3%	-23%	$16,610,331
LM8	Lunnonmetalslimited	0.505	-16%	-27%	-45%	$121,596,798
CST	Castile Resources	0.074	-8%	-3%	-28%	$19,110,292
YRL	Yandal Resources	0.13	48%	46%	30%	$36,382,554
FAU	First Au Ltd	0.004	14%	33%	0%	$6,647,973
ARL	Ardea Resources Ltd	0.46	-4%	-13%	-42%	$89,642,696
GWR	GWR Group Ltd	0.093	-1%	7%	55%	$28,909,499
IVR	Investigator Res Ltd	0.034	-3%	-26%	-23%	$53,890,694
GTR	Gti Energy Ltd	0.0105	5%	31%	-3%	$18,449,524
IPT	Impact Minerals	0.013	18%	30%	86%	$34,376,447
BNZ	Benzmining	0.21	-9%	-16%	-48%	$24,522,514
MOH	Moho Resources	0.01	0%	11%	-52%	$5,359,412
BCM	Brazilian Critical	0.023	-4%	10%	-78%	$17,019,007
PUA	Peak Minerals Ltd	0.003	0%	0%	-50%	$3,124,130
MRZ	Mont Royal Resources	0.13	-10%	-16%	-28%	$11,053,873
SMS	Starmineralslimited	0.039	3%	11%	-46%	$3,036,912
MVL	Marvel Gold Limited	0.011	-8%	22%	-58%	$9,501,698
PRX	Prodigy Gold NL	0.006	-14%	-25%	-50%	$10,506,647
AAU	Antilles Gold Ltd	0.022	0%	5%	-39%	$18,884,459
CWX	Carawine Resources	0.105	-5%	-13%	-11%	$24,793,172
RND	Rand Mining Ltd	1.37	0%	1%	-4%	$77,920,067
CAZ	Cazaly Resources	0.026	-13%	-7%	-21%	$12,275,181
BMR	Ballymore Resources	0.135	8%	4%	-13%	$23,804,629
DRE	Dreadnought Resources Ltd	0.0265	-5%	-17%	-72%	$93,934,970
ZNC	Zenith Minerals Ltd	0.155	11%	15%	-40%	$52,857,132
REZ	Resourc & En Grp Ltd	0.012	0%	-14%	-33%	$5,997,669
LEX	Lefroy Exploration	0.17	-6%	6%	-29%	$34,954,027
ERM	Emmerson Resources	0.053	-4%	-5%	-36%	$28,869,619
AM7	Arcadia Minerals	0.07	1%	-5%	-70%	$7,633,507
ADT	Adriatic Metals	3.55	-2%	14%	12%	$854,640,093
AS1	Asara Resources Ltd	0.012	0%	0%	-61%	$9,512,771
CYL	Catalyst Metals	0.705	-3%	-31%	-42%	$154,110,281
CHN	Chalice Mining Ltd	1.2875	-13%	-21%	-81%	$509,541,928
KAL	Kalgoorliegoldmining	0.025	-14%	0%	-67%	$4,596,521
MLS	Metals Australia	0.035	0%	0%	-33%	$21,217,230
ADN	Andromeda Metals Ltd	0.024	4%	14%	-52%	$71,530,194
MEI	Meteoric Resources	0.245	-14%	17%	371%	$507,480,560
SRN	Surefire Rescs NL	0.009	13%	-10%	-40%	$17,668,420
SIH	Sihayo Gold Limited	0.002	33%	0%	0%	$18,306,384
WA8	Warriedarresourltd	0.05	-2%	-17%	-69%	$25,010,673
HMX	Hammer Metals Ltd	0.046	-4%	-13%	-36%	$40,774,738
WCN	White Cliff Min Ltd	0.01	11%	-9%	-23%	$12,765,593
AVM	Advance Metals Ltd	0.036	0%	-40%	-80%	$1,443,058
WRM	White Rock Min Ltd	0.063	0%	0%	-7%	$17,508,200
ASR	Asra Minerals Ltd	0.007	0%	0%	-67%	$11,455,470
MCT	Metalicity Limited	0.002	0%	0%	-43%	$11,212,634
AME	Alto Metals Limited	0.042	-2%	0%	-38%	$31,025,496
CTO	Citigold Corp Ltd	0.005	0%	0%	-17%	$14,368,295
TIE	Tietto Minerals	0.6125	2%	2%	-28%	$694,882,627
SMI	Santana Minerals Ltd	1.22	21%	38%	77%	$209,841,179
M2R	Miramar	0.025	19%	-11%	-67%	$3,721,739
GRL	Godolphin Resources	0.042	-7%	11%	-53%	$6,769,681
SVG	Savannah Goldfields	0.044	0%	-5%	-72%	$9,897,483
EMC	Everest Metals Corp	0.081	-2%	-14%	-5%	$13,389,215
GUL	Gullewa Limited	0.055	0%	0%	-8%	$11,262,521
CY5	Cygnus Metals Ltd	0.1175	-6%	-10%	-74%	$34,987,097
G50	Gold50Limited	0.12	-11%	-4%	-48%	$13,114,800
ADV	Ardiden Ltd	0.17	-3%	0%	-51%	$10,627,976
AAR	Astral Resources NL	0.07	-7%	-10%	-3%	$55,516,828
VMC	Venus Metals Cor Ltd	0.1025	3%	3%	36%	$18,972,868
NAE	New Age Exploration	0.005	-9%	-29%	-38%	$8,969,495
VKA	Viking Mines Ltd	0.015	7%	36%	88%	$15,378,876
LCL	LCL Resources Ltd	0.016	-6%	0%	-62%	$15,693,918
MTH	Mithril Resources	0.002	0%	0%	-43%	$6,737,609
ADG	Adelong Gold Limited	0.005	-9%	0%	-23%	$3,498,278
RMX	Red Mount Min Ltd	0.003	0%	0%	-40%	$8,020,728
PRS	Prospech Limited	0.037	23%	-5%	74%	$8,914,908
TTM	Titan Minerals	0.025	-4%	-4%	-64%	$42,281,734
NML	Navarre Minerals Ltd	0.019	0%	0%	-57%	$28,555,654
MZZ	Matador Mining Ltd	0.036	-18%	-25%	-72%	$18,361,962
KZR	Kalamazoo Resources	0.135	23%	23%	-43%	$23,357,406
BCN	Beacon Minerals	0.025	0%	-7%	-14%	$93,919,204
MAU	Magnetic Resources	0.87	-13%	-16%	6%	$212,860,516
BC8	Black Cat Syndicate	0.235	0%	-6%	-41%	$72,903,682
EM2	Eagle Mountain	0.074	-3%	0%	-59%	$23,177,482
EMR	Emerald Res NL	3.19	9%	25%	157%	$1,978,670,875
BYH	Bryah Resources Ltd	0.014	8%	8%	-45%	$5,636,894
HCH	Hot Chili Ltd	0.965	-4%	-3%	8%	$117,056,302
WAF	West African Res Ltd	0.96	5%	10%	-21%	$990,416,244
MEU	Marmota Limited	0.04	-2%	-9%	-13%	$43,410,824
NVA	Nova Minerals Ltd	0.34	-7%	6%	-51%	$67,484,788
SVL	Silver Mines Limited	0.1575	-2%	-5%	-23%	$224,693,143
PGD	Peregrine Gold	0.305	9%	24%	-31%	$19,428,979
ICL	Iceni Gold	0.069	23%	20%	-37%	$15,883,214
FG1	Flynngold	0.057	14%	-10%	-42%	$8,597,731
WWI	West Wits Mining Ltd	0.012	0%	9%	-33%	$29,164,700
RML	Resolution Minerals	0.003	-14%	0%	-63%	$3,779,990
AAJ	Aruma Resources Ltd	0.026	-4%	-13%	-60%	$5,119,179
AL8	Alderan Resource Ltd	0.005	-17%	0%	-50%	$5,534,307
GMN	Gold Mountain Ltd	0.0045	-10%	-10%	-18%	$11,345,393
MEG	Megado Minerals Ltd	0.025	-17%	0%	-48%	$5,852,478
HMG	Hamelingoldlimited	0.075	-6%	-9%	-48%	$11,812,500
TBA	Tombola Gold Ltd	0.026	0%	0%	0%	$33,129,243
BM8	Battery Age Minerals	0.21	5%	11%	-58%	$18,273,062
TBR	Tribune Res Ltd	2.96	1%	11%	-25%	$155,305,508
FML	Focus Minerals Ltd	0.17	-3%	-3%	-19%	$50,147,763
GSR	Greenstone Resources	0.01	25%	43%	-70%	$12,313,021
VRC	Volt Resources Ltd	0.007	8%	17%	-53%	$28,910,747
ARV	Artemis Resources	0.0185	-3%	-12%	-23%	$31,287,129
HRN	Horizon Gold Ltd	0.275	-8%	-8%	-13%	$39,830,979
CLA	Celsius Resource Ltd	0.0115	-12%	-4%	-32%	$26,952,620
QML	Qmines Limited	0.08	3%	-5%	-58%	$16,874,084
RDN	Raiden Resources Ltd	0.034	-11%	-8%	616%	$95,636,344
TCG	Turaco Gold Limited	0.13	0%	8%	110%	$73,400,000
KCC	Kincora Copper	0.04	-13%	38%	-45%	$7,950,602
GBZ	GBM Rsources Ltd	0.008	-11%	-27%	-83%	$5,851,463
DTM	Dart Mining NL	0.016	0%	0%	-74%	$3,641,274
MKR	Manuka Resources.	0.072	-5%	-12%	-26%	$40,688,644
AUC	Ausgold Limited	0.028	-3%	-7%	-46%	$59,699,671
ANX	Anax Metals Ltd	0.027	-7%	8%	-53%	$13,054,976
EMU	EMU NL	0.001	0%	-33%	-82%	$2,024,771
SFM	Santa Fe Minerals	0.043	0%	0%	-46%	$3,131,208
SSR	SSR Mining Inc.	15.29	-3%	-10%	-39%	$97,756,491
PNR	Pantoro Limited	0.047	-8%	-2%	-51%	$249,793,465
CMM	Capricorn Metals	4.51	4%	5%	-10%	$1,709,259,654
X64	Ten Sixty Four Ltd	0.57	0%	0%	-12%	$130,184,182
SI6	SI6 Metals Limited	0.005	0%	-9%	-17%	$9,969,297
HAW	Hawthorn Resources	0.087	-12%	-3%	-28%	$33,501,561
BGD	Bartongoldholdings	0.24	-11%	-4%	2%	$48,884,311
SVY	Stavely Minerals Ltd	0.043	2%	-14%	-80%	$16,805,364
AGC	AGC Ltd	0.068	-1%	1%	19%	$15,111,111
RGL	Riversgold	0.012	-8%	-14%	-57%	$11,611,937
TSO	Tesoro Gold Ltd	0.026	-10%	-13%	-26%	$32,227,730
GUE	Global Uranium	0.125	37%	47%	-31%	$27,587,166
CPM	Coopermetalslimited	0.32	-16%	2%	28%	$22,202,699
MM8	Medallion Metals.	0.061	-6%	-6%	-62%	$19,074,402
FFM	Firefly Metals Ltd	0.55	-8%	4%	-40%	$195,854,890
CBY	Canterbury Resources	0.025	0%	-17%	-38%	$4,465,263
LYN	Lycaonresources	0.2	25%	29%	-32%	$9,251,813
SFR	Sandfire Resources	6.8	-6%	5%	10%	$3,020,719,790
TMZ	Thomson Res Ltd	0.005	0%	0%	-71%	$4,881,018
TAM	Tanami Gold NL	0.035	0%	-8%	-15%	$41,128,397
WMC	Wiluna Mining Corp	0.205	0%	0%	0%	$74,238,031
NWM	Norwest Minerals	0.027	-16%	-7%	-40%	$7,476,807
ALK	Alkane Resources Ltd	0.63	-2%	1%	-3%	$377,148,323
BMO	Bastion Minerals	0.018	13%	50%	-44%	$4,983,105
IDA	Indiana Resources	0.082	-2%	37%	39%	$49,834,202
GSM	Golden State Mining	0.013	-10%	-19%	-73%	$3,631,818
NSM	Northstaw	0.049	0%	-30%	-68%	$6,853,913
GSN	Great Southern	0.02	0%	0%	-33%	$15,092,704
RED	Red 5 Limited	0.285	-2%	-22%	12%	$1,039,140,165
DEG	De Grey Mining	1.21	2%	-4%	-19%	$2,267,800,268
THR	Thor Energy PLC	0.035	21%	25%	-42%	$5,767,126
CDR	Codrus Minerals Ltd	0.061	-2%	-5%	-63%	$5,261,250
MDI	Middle Island Res	0.017	6%	21%	-63%	$3,700,118
WTM	Waratah Minerals Ltd	0.088	-20%	100%	-35%	$14,040,263
POL	Polymetals Resources	0.295	-3%	9%	55%	$46,497,253
RDS	Redstone Resources	0.005	-17%	-9%	-44%	$4,606,892
NAG	Nagambie Resources	0.027	-7%	-10%	-58%	$21,439,018
BGL	Bellevue Gold Ltd	1.5775	7%	-6%	18%	$1,755,165,327
GBR	Greatbould Resources	0.062	-3%	-6%	-31%	$37,717,294
KAI	Kairos Minerals Ltd	0.0135	-7%	-16%	-35%	$34,071,858
KAU	Kaiser Reef	0.15	3%	-12%	-21%	$26,511,804
HRZ	Horizon	0.037	-3%	-10%	-41%	$25,235,412
CAI	Calidus Resources	0.215	0%	19%	-40%	$122,354,269
CDT	Castle Minerals	0.008	-11%	-11%	-68%	$9,795,944
RSG	Resolute Mining	0.4125	-3%	-4%	65%	$851,620,005
MXR	Maximus Resources	0.044	29%	10%	2%	$14,427,260
EVN	Evolution Mining Ltd	3.82	1%	6%	16%	$7,467,414,683
CXU	Cauldron Energy Ltd	0.037	37%	95%	436%	$38,516,528
DLI	Delta Lithium	0.325	-28%	-28%	-27%	$234,774,505
ALY	Alchemy Resource Ltd	0.009	-10%	0%	-63%	$11,780,763
HXG	Hexagon Energy	0.012	0%	20%	-29%	$5,129,159
OBM	Ora Banda Mining Ltd	0.235	-2%	2%	164%	$409,624,769
SLR	Silver Lake Resource	1.175	5%	6%	-19%	$1,074,955,983
AVW	Avira Resources Ltd	0.002	33%	0%	-33%	$4,267,580
LCY	Legacy Iron Ore	0.017	-6%	6%	-6%	$108,916,045
PDI	Predictive Disc Ltd	0.205	3%	-7%	5%	$415,248,818
MAT	Matsa Resources	0.027	-7%	0%	-31%	$12,924,199
ZAG	Zuleika Gold Ltd	0.017	-6%	-11%	-15%	$12,513,454
GML	Gateway Mining	0.021	-9%	-28%	-68%	$6,127,486
SBM	St Barbara Limited	0.195	-3%	3%	-47%	$159,504,224
SBR	Sabre Resources	0.029	-3%	7%	-36%	$11,224,752
STK	Strickland Metals	0.11	-8%	-31%	175%	$195,953,177
ION	Iondrive Limited	0.012	0%	9%	-59%	$5,835,423
CEL	Challenger Gold Ltd	0.068	-4%	-1%	-60%	$85,759,449
LRL	Labyrinth Resources	0.006	-14%	-14%	-70%	$7,125,262
NST	Northern Star	13.055	2%	6%	10%	$14,755,999,129
OZM	Ozaurum Resources	0.115	-18%	17%	58%	$19,843,750
TG1	Techgen Metals Ltd	0.07	-16%	-19%	-20%	$6,728,266
XAM	Xanadu Mines Ltd	0.054	-5%	-2%	80%	$88,442,675
AQI	Alicanto Min Ltd	0.032	-6%	-11%	-35%	$20,306,115
KTA	Krakatoa Resources	0.028	-26%	-33%	-36%	$13,691,109
ARN	Aldoro Resources	0.095	-21%	14%	-61%	$13,058,503
WGX	Westgold Resources.	1.965	-3%	-6%	72%	$911,723,755
MBK	Metal Bank Ltd	0.024	-14%	-27%	-41%	$9,371,023
A8G	Australasian Metals	0.14	-7%	-13%	-33%	$7,818,074
TAR	Taruga Minerals	0.011	-12%	0%	-58%	$7,766,295
DTR	Dateline Resources	0.01	0%	-9%	-74%	$13,129,455
GOR	Gold Road Res Ltd	1.72	0%	-8%	-7%	$1,865,072,139
S2R	S2 Resources	0.155	-3%	-24%	-9%	$70,037,989
NES	Nelson Resources.	0.005	25%	25%	-29%	$3,067,972
TLM	Talisman Mining	0.25	-17%	9%	52%	$46,138,486
BEZ	Besragoldinc	0.13	-4%	-10%	145%	$58,534,127
PRU	Perseus Mining Ltd	1.755	0%	-4%	-25%	$2,369,397,824
SPQ	Superior Resources	0.015	25%	0%	-76%	$30,018,306
PUR	Pursuit Minerals	0.007	-22%	-7%	-63%	$20,607,800
RMS	Ramelius Resources	1.54	-7%	-2%	44%	$1,757,808,492
PKO	Peako Limited	0.005	0%	0%	-67%	$2,635,424
ICG	Inca Minerals Ltd	0.01	-23%	0%	-66%	$5,878,263
A1G	African Gold Ltd.	0.037	3%	9%	-59%	$6,264,515
OAU	Ora Gold Limited	0.0075	25%	25%	33%	$39,826,416
GNM	Great Northern	0.02	-5%	0%	-62%	$3,092,582
KRM	Kingsrose Mining Ltd	0.038	-5%	-10%	-48%	$27,843,481
BTR	Brightstar Resources	0.015	0%	0%	-17%	$35,555,683
RRL	Regis Resources	2.16	3%	14%	-4%	$1,639,085,213
M24	Mamba Exploration	0.049	-11%	40%	-73%	$3,268,196
TRM	Truscott Mining Corp	0.05	-9%	-17%	-4%	$8,668,353
TNC	True North Copper	0.096	-4%	-13%	81%	$33,067,478
MOM	Moab Minerals Ltd	0.006	-25%	-14%	-45%	$4,271,781
KNB	Koonenberrygold	0.043	-22%	54%	-33%	$5,149,211
AWJ	Auric Mining	0.125	-4%	87%	95%	$16,357,449
AZS	Azure Minerals	3.7	1%	4%	1133%	$1,683,354,040
ENR	Encounter Resources	0.315	-6%	13%	66%	$128,720,250
SNG	Siren Gold	0.067	-3%	34%	-65%	$10,457,534
STN	Saturn Metals	0.185	3%	17%	-3%	$41,312,018
USL	Unico Silver Limited	0.11	-4%	5%	-29%	$32,565,675
PNM	Pacific Nickel Mines	0.067	-19%	-24%	-18%	$33,041,995
AYM	Australia United Min	0.003	-25%	50%	-40%	$5,527,732
ANL	Amani Gold Ltd	0.001	0%	0%	0%	$25,143,441
HAV	Havilah Resources	0.18	-5%	-31%	-45%	$56,995,058
SPR	Spartan Resources	0.465	-7%	1%	178%	$438,869,047
PNT	Panthermetalsltd	0.06	0%	0%	-68%	$5,101,500
MEK	Meeka Metals Limited	0.038	0%	-10%	-39%	$48,153,648
GMD	Genesis Minerals	1.6075	-1%	-9%	23%	$1,776,278,038
PGO	Pacgold	0.195	-3%	-3%	-44%	$16,408,361
FEG	Far East Gold	0.14	4%	-3%	-71%	$25,284,869
MI6	Minerals260Limited	0.275	-18%	-14%	-28%	$64,350,000
IGO	IGO Limited	8.1	-7%	1%	-45%	$6,020,279,113
GAL	Galileo Mining Ltd	0.245	-4%	-13%	-76%	$52,370,606
RXL	Rox Resources	0.18	0%	-5%	-12%	$68,330,538
KIN	KIN Min NL	0.065	-2%	2%	3%	$76,579,786
CLZ	Classic Min Ltd	0.001	0%	0%	-88%	$12,357,082
TGM	Theta Gold Mines Ltd	0.12	0%	0%	76%	$84,849,001
FAL	Falconmetalsltd	0.13	4%	-10%	-55%	$23,895,000
SXG	Southern Cross Gold	1.045	-10%	6%	49%	$98,160,629
SPD	Southernpalladium	0.32	-9%	-4%	-62%	$13,785,065
ORN	Orion Minerals Ltd	0.013	-13%	0%	-24%	$84,753,003
TMB	Tambourahmetals	0.11	-8%	-21%	5%	$9,952,842
TMS	Tennant Minerals Ltd	0.032	-3%	-14%	-3%	$25,984,951
AZY	Antipa Minerals Ltd	0.017	0%	21%	-23%	$68,224,331
PXX	Polarx Limited	0.008	14%	14%	-71%	$13,116,934
TRE	Toubaniresourcesinc	0.12	-17%	-20%	-27%	$16,733,208
AUN	Aurumin	0.03	15%	36%	-52%	$10,394,849
GPR	Geopacific Resources	0.016	0%	-16%	-47%	$13,969,195
FXG	Felix Gold Limited	0.046	-6%	10%	-54%	$4,748,256
ILT	Iltani Resources Lim	0.175	6%	25%	0%	$5,781,786
ARD	Argent Minerals	0.009	-10%	-10%	-40%	$12,917,590