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

 

Here’s the good news

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.”