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Mining
Your weekly recap of the news driving ASX small cap gold stocks.
The major gold miners were obliterated alongside everyone else last week.
The ASX’s big three producers – Newcrest Mining (ASX:NCM), Northern Star (ASX:NST) and Evolution (ASX:EVN) — shed 14 per cent, 23 per cent and 13 per cent off their respective market caps.
Mid-tier guys like Ramelius Resources (ASX:RMS), Gold Road Resources (ASX:GOR) and Perseus (ASX:PRU) copped it worse with losses of +30 per cent.
To get a sense of the carnage you only have to look at the numbers. Just two of the 141 gold facing stocks on our list made a small gain over the last week — Victorian explorer GBM Resources (ASX:GBZ) and Cambodian project developer Emerald Resources (ASX:EMR).
That’s some super rarefied air.
Here’s how ASX gold stocks performed for the period March 9 — March 16 [intraday]:
Scroll or swipe to reveal table. Click headings to sort. Best viewed on a laptop:
| TICKER | NAME | 1 WEEK TOTAL RETURN | 1 MONTH TOTAL RETURN | PRICE [INTRADAY MONDAY] | MARKET CAP [$AU] |
|---|---|---|---|---|---|
| NCM | NEWCREST MINING | -14.0% | -10.3% | 23.42 | $18,690,578,432 |
| NST | NORTHERN STAR RESOURCES | -23.3% | -17.9% | 9.54 | $8,932,388,864 |
| EVN | EVOLUTION MINING | -12.9% | -9.0% | 3.56 | $6,664,221,184 |
| SAR | SARACEN MINERAL HOLDINGS | -24.9% | -22.0% | 3.105 | $3,804,973,568 |
| RRL | REGIS RESOURCES | -19.7% | -20.2% | 3.06 | $1,707,486,336 |
| SBM | ST BARBARA | -26.3% | -31.1% | 1.745 | $1,398,322,176 |
| SLR | SILVER LAKE RESOURCES | -22.2% | -27.5% | 1.145 | $1,117,401,984 |
| PRU | PERSEUS MINING | -35.5% | -40.3% | 0.7125 | $1,022,048,576 |
| GOR | GOLD ROAD RESOURCES | -34.9% | -43.0% | 0.89 | $900,874,368 |
| RSG | RESOLUTE MINING | -26.0% | -35.0% | 0.675 | $755,826,240 |
| WGX | WESTGOLD RESOURCES | -31.1% | -34.2% | 1.425 | $663,833,920 |
| RMS | RAMELIUS RESOURCES | -35.3% | -31.5% | 0.835 | $655,318,784 |
| WAF | WEST AFRICAN RESOURCES | -20.2% | -6.6% | 0.455 | $435,239,424 |
| ALK | ALKANE RESOURCES | -24.5% | -38.1% | 0.555 | $368,321,152 |
| CMM | CAPRICORN METALS | -27.3% | -23.2% | 1 | $326,694,816 |
| DCN | DACIAN GOLD | 0.0% | 0.0% | 1.4 | $319,798,176 |
| TBR | TRIBUNE RESOURCES | -8.5% | -5.6% | 4.65 | $263,639,360 |
| RED | RED 5 | -33.3% | -26.7% | 0.195 | $261,467,904 |
| BGL | BELLEVUE GOLD | -31.2% | -31.2% | 0.365 | $225,116,240 |
| DEG | DE GREY MINING | -17.0% | -7.1% | 0.18 | $215,180,672 |
| CYL | CATALYST METALS | -17.6% | -21.3% | 2.17 | $204,350,608 |
| SPX | SPECTRUM METALS | -29.3% | -26.7% | 0.094 | $165,659,248 |
| EMR | EMERALD RESOURCES | 2.6% | -16.7% | 0.037 | $144,686,528 |
| CDV | CARDINAL RESOURCES | -26.5% | -33.3% | 0.35 | $141,081,984 |
| RND | RAND MINING | -22.4% | -27.7% | 1.5 | $105,259,832 |
| MAU | MAGNETIC RESOURCES NL | -27.6% | -42.5% | 0.42 | $103,695,528 |
| MML | MEDUSA MINING | -25.8% | -36.0% | 0.44 | $102,858,176 |
| BCN | BEACON MINERALS | -6.7% | -17.6% | 0.028 | $88,617,616 |
| KCN | KINGSGATE CONSOLIDATED | -22.0% | -33.6% | 0.34 | $84,834,728 |
| OKU | OKLO RESOURCES | -33.3% | -31.9% | 0.16 | $80,293,232 |
| DGO | DGO GOLD | -17.5% | -9.3% | 1.65 | $76,370,624 |
| VAN | VANGO MINING | -6.7% | -21.6% | 0.098 | $70,964,192 |
| BDC | BARDOC GOLD | -21.3% | -39.2% | 0.048 | $66,994,324 |
| TIE | TIETTO MINERALS | -31.8% | -48.3% | 0.14 | $58,596,312 |
| SVL | SILVER MINES | -33.0% | -37.0% | 0.057 | $57,169,656 |
| CAI | CALIDUS RESOURCES | -26.7% | -18.5% | 0.205 | $53,672,264 |
| TTM | TITAN MINERALS | -13.8% | -44.8% | 0.069 | $53,374,848 |
| CHN | CHALICE GOLD MINES | -30.6% | -43.3% | 0.17 | $52,072,944 |
| AAR | ANGLO AUSTRALIAN RESOURCES | -18.5% | 0.0% | 0.11 | $49,618,340 |
| BBX | BBX MINERALS | -28.6% | -37.5% | 0.11 | $49,607,004 |
| TAM | TANAMI GOLD NL | -8.7% | -16.0% | 0.036 | $49,354,076 |
| AOP | APOLLO CONSOLIDATED | -27.3% | -33.3% | 0.16 | $47,091,728 |
| BLK | BLACKHAM RESOURCES | -11.1% | -20.0% | 0.008 | $47,072,340 |
| ADN | ANDROMEDA METALS | -27.9% | -27.9% | 0.029 | $45,516,748 |
| NUS | NUSANTARA RESOURCES | -11.1% | -17.2% | 0.225 | $45,126,088 |
| TRY | TROY RESOURCES | -28.4% | -30.8% | 0.061 | $44,876,528 |
| BRB | BREAKER RESOURCES NL | -44.1% | -48.0% | 0.12 | $39,324,412 |
| GMN | GOLD MOUNTAIN | -16.7% | -15.4% | 0.055 | $38,715,676 |
| BSR | BASSARI RESOURCES | 0.0% | 25.0% | 0.015 | $35,816,324 |
| FML | FOCUS MINERALS | -26.8% | -38.8% | 0.16 | $32,894,742 |
| ERM | EMMERSON RESOURCES | -26.8% | -30.2% | 0.07 | $32,713,748 |
| ARL | ARDEA RESOURCES | -32.4% | -49.5% | 0.225 | $31,671,118 |
| HRZ | HORIZON MINERALS | -12.5% | -30.0% | 0.069 | $31,456,178 |
| HAW | HAWTHORN RESOURCES | -20.0% | -2.4% | 0.08 | $31,028,484 |
| STN | SATURN METALS | -11.6% | -5.6% | 0.42 | $29,275,714 |
| ARV | ARTEMIS RESOURCES | -13.8% | -19.4% | 0.023 | $28,668,278 |
| DGR | DGR GLOBAL | -21.9% | -33.3% | 0.05 | $28,206,366 |
| RXL | ROX RESOURCES | -26.9% | -38.7% | 0.018 | $27,700,998 |
| BRV | BIG RIVER GOLD | -41.9% | -25.0% | 0.017 | $27,661,148 |
| PRX | PRODIGY GOLD NL | -34.5% | -33.3% | 0.036 | $24,386,360 |
| ONX | ORMINEX | -35.7% | -54.4% | 0.036 | $23,720,496 |
| MEU | MARMOTA | 0.0% | -21.6% | 0.027 | $23,670,982 |
| BC8 | BLACK CAT SYNDICATE | -28.6% | -32.4% | 0.25 | $23,570,294 |
| VMC | VENUS METALS CORP | -26.3% | -36.4% | 0.14 | $23,417,196 |
| KRM | KINGSROSE MINING | -10.0% | -18.2% | 0.029 | $21,170,214 |
| MAT | MATSA RESOURCES | -32.0% | -39.3% | 0.089 | $20,195,646 |
| GML | GATEWAY MINING | -7.1% | 0.0% | 0.012 | $20,094,240 |
| AMG | AUSMEX MINING GROUP | -12.2% | -36.8% | 0.04 | $19,618,384 |
| MLL | MALI LITHIUM | -26.4% | -41.8% | 0.05 | $18,088,842 |
| SIH | SIHAYO GOLD | -50.0% | -50.0% | 0.008 | $16,782,160 |
| DTR | DATELINE RESOURCES | -25.0% | -25.0% | 0.002 | $16,420,156 |
| NAG | NAGAMBIE RESOURCES | 0.0% | -23.4% | 0.036 | $16,197,564 |
| AGS | ALLIANCE RESOURCES | -16.7% | -13.0% | 0.1 | $16,174,025 |
| AME | ALTO METALS | -1.8% | 61.8% | 0.055 | $16,135,558 |
| HRN | HORIZON GOLD LIMITED | -27.1% | 2.9% | 0.175 | $16,071,430 |
| GSN | GREAT SOUTHERN MINING | -14.6% | -31.7% | 0.032 | $15,325,468 |
| LNY | LANEWAY RESOURCES | -9.1% | -16.7% | 0.005 | $14,880,264 |
| CWX | CARAWINE RESOURCES | -37.5% | -46.4% | 0.145 | $14,294,487 |
| LEX | LEFROY EXPLORATION | -21.9% | -37.5% | 0.125 | $14,068,144 |
| GWR | GWR GROUP | -19.1% | -28.6% | 0.055 | $14,008,292 |
| AUC | AUSGOLD | -35.3% | -35.3% | 0.01 | $13,274,394 |
| AQI | ALICANTO MINERALS | -38.9% | -41.3% | 0.042 | $12,667,726 |
| NWM | NORWEST MINERALS | -6.3% | 36.4% | 0.15 | $12,576,027 |
| MDI | MIDDLE ISLAND RESOURCES | -20.0% | 60.0% | 0.008 | $12,356,948 |
| KWR | KINGWEST RESOURCES | -34.5% | -52.5% | 0.12 | $12,190,538 |
| E2M | E2 METALS | -8.3% | -29.0% | 0.11 | $11,483,723 |
| TLM | TALISMAN MINING | -5.8% | -19.8% | 0.06 | $11,384,331 |
| CGN | CRATER GOLD MINING | -10.0% | -18.2% | 0.009 | $11,047,463 |
| GBZ | GBM RESOURCES | 6.7% | 3.2% | 0.062 | $10,608,941 |
| SAU | SOUTHERN GOLD | -33.3% | -47.1% | 0.14 | $10,599,451 |
| CTO | CITIGOLD CORP | -25.0% | -40.0% | 0.003 | $9,684,693 |
| RML | RESOLUTION MINERALS | -8.3% | -22.5% | 0.05 | $9,627,183 |
| ARS | ALT RESOURCES | -20.0% | -27.3% | 0.014 | $9,399,758 |
| WWI | WEST WITS MINING | -20.0% | -42.9% | 0.008 | $9,375,310 |
| ANL | AMANI GOLD | -25.0% | -25.0% | 0.0015 | $9,203,175 |
| OAU | ORA GOLD | -26.3% | -30.0% | 0.011 | $9,045,833 |
| BAR | BARRA RESOURCES | -22.2% | -30.0% | 0.014 | $8,947,736 |
| HMX | HAMMER METALS | -23.8% | -33.3% | 0.014 | $8,382,462 |
| GMR | GOLDEN RIM RESOURCES | -12.5% | -30.0% | 0.007 | $8,140,763 |
| KTA | KRAKATOA RESOURCES | -34.0% | -3.1% | 0.031 | $7,437,500 |
| TSC | TWENTY SEVEN CO | -33.3% | -50.0% | 0.004 | $7,431,605 |
| SMI | SANTANA MINERALS | -37.5% | -37.5% | 0.002 | $6,709,864 |
| DAU | DAMPIER GOLD | 0.0% | 17.4% | 0.027 | $6,425,622 |
| AWV | ANOVA METALS | -10.0% | 19.1% | 0.005 | $6,202,191 |
| MKG | MAKO GOLD | -6.3% | -15.5% | 0.06 | $6,040,552 |
| ALY | ALCHEMY RESOURCES | -9.1% | 0.0% | 0.01 | $5,505,244 |
| GUL | GULLEWA | -12.5% | 6.1% | 0.035 | $5,429,309 |
| MSR | MANAS RESOUCES | 0.0% | 0.0% | 0.002 | $5,286,325 |
| CXU | CAULDRON ENERGY | 0.0% | 7.1% | 0.015 | $5,144,348 |
| DHR | DARK HORSE RESOURCES | 0.0% | -33.3% | 0.002 | $4,928,793 |
| SFM | SANTA FE MINERALS | 0.0% | -8.6% | 0.064 | $4,660,403 |
| NXM | NEXUS MINERALS | -7.1% | -11.4% | 0.035 | $4,611,382 |
| PGI | PANTERRA GOLD | -14.8% | -14.8% | 0.023 | $4,488,258 |
| MTH | MITHRIL RESOURCES | -10.0% | -18.2% | 0.008 | $4,413,503 |
| GBR | GREAT BOULDER RESOURCES | -21.6% | -21.6% | 0.029 | $3,870,166 |
| BNR | BULLETIN RESOURCES | -16.0% | -19.2% | 0.021 | $3,765,155 |
| PDI | PREDICTIVE DISCOVERY | -14.3% | -25.0% | 0.005 | $3,644,503 |
| KGM | KALNORTH GOLD MINES | 0.0% | 0.0% | 0.004 | $3,576,960 |
| A1G | AFRICAN GOLD | -44.4% | -61.5% | 0.05 | $3,486,000 |
| AYR | ALLOY RESOURCES | -50.0% | -33.3% | 0.001 | $3,404,395 |
| SLZ | SULTAN RESOURCES | 0.0% | -10.3% | 0.07 | $3,333,771 |
| TAR | TARUGA MINERALS | -27.3% | -42.9% | 0.008 | $3,245,349 |
| MLS | METALS AUSTRALIA | -33.3% | 0.0% | 0.001 | $3,207,353 |
| MOH | MOHO RESOURCES NL | -14.3% | -39.4% | 0.06 | $3,189,265 |
| GSM | GOLDEN STATE MINING | -21.1% | -13.8% | 0.076 | $3,113,227 |
| GED | GOLDEN DEEPS | 0.0% | -47.6% | 0.011 | $3,086,694 |
| DTM | DART MINING NL | -21.9% | -23.1% | 0.05 | $2,945,955 |
| TMX | TERRAIN MINERALS | -25.0% | -25.0% | 0.003 | $2,892,644 |
| CY5 | CYGNUS GOLD | -40.5% | -50.0% | 0.024 | $2,798,294 |
| PUA | PURE ALUMINA | -38.9% | -8.3% | 0.012 | $2,439,369 |
| OKR | OKAPI RESOURCES | -21.2% | -31.6% | 0.052 | $2,378,829 |
| AVW | AVIRA RESOURCES | 0.0% | 0.0% | 0.002 | $2,250,000 |
| RGL | RIVERSGOLD | -18.2% | -10.0% | 0.009 | $2,225,284 |
| TNR | TORIAN RESOURCES | -33.3% | -33.3% | 0.006 | $2,217,918 |
| GNM | GREAT NORTHERN MINERALS | 0.0% | -28.6% | 0.005 | $1,734,679 |
| ARM | AURORA MINERALS | 0.0% | -22.2% | 0.006 | $1,639,866 |
| VKA | VIKING MINES | -28.6% | -44.4% | 0.005 | $1,568,589 |
| AAJ | ARUMA RESOURCES | -33.3% | -20.0% | 0.002 | $1,418,828 |
| NES | NELSON RESOURCES | -40.0% | -47.5% | 0.021 | $1,320,544 |
| CDT | CASTLE MINERALS | -16.7% | -54.5% | 0.005 | $1,186,156 |
Last week, spot prices fall as low as $US1,513 ($2,439) per ounce from $US1,700.90 just days before. But Commentators waved off concerns about the drop, saying that similar falls occurred during the 2008 crisis as investors sold gold to gain liquidity.
On Monday, prices showed signs of an early recovery after the US Federal Reserve aggressively cut rates to zero and launched a massive $US700bn quantitative easing program; with potentially more to come.
Edward Moya, senior market analyst at Oanda Corp, boldly predicted gold was “slowly getting its groove back.”
“Gold prices will ultimately benefit from all this global monetary and fiscal stimulus,” Moya says.
“Gold should grind its way back above the $US1,600 an ounce after we see all the other central banks ramp up their efforts this week.”
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