Gold Digger: Here are the top 6 performing gold stocks of the last 6 months
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About six months ago the gold price peaked at an all-time high above $2,050/oz.
Since then, it has fallen back to bounce between a relatively tight $US1800/oz to $US1900/oz range.
While investor sentiment has cooled a bit, the price is currently just 8.9 per cent off its peak.
In the last six months, Newcrest (ASX:NCM) has made $842 profit on every gold ounce it produced. That culminated in record H1 profits of $439 million.
During the December quarter Regis (ASX:RRL) made over $1000 clear profit on every ounce it sold.
Northern Star (ASX:NST) – which has merged is fellow major producer Saracen (ASX:SAR) — also enjoyed record profits of $226m.
The list goes on. The big boys are also paying decent dividends back to shareholders — if that’s your thing.
Here’s how 222 ASX-listed gold/silver stocks are performing
Scroll or swipe to reveal table. Click headings to sort. Best viewed on a laptop:
In December, Legacy — a small WA gold-iron ore explorer – made big, high volume gains on speculation it was looking to fire up its Mt Bevan magnetite iron ore project again.
No, it said. Our focus is moving the small 184,100oz Mt Celia gold project in the Eastern Goldfields into production.
In February, new drilling at the Yilgangi gold deposit near Mt Celia has returned thin but very high grade, near surface intercepts like 1m at 10.9 g/t and 1m at 17.8 g/t.
“We are encouraged with these results as it provides further confidence of additional mineralisation in the area and more importantly a potential linking of known mineralisation into a larger geological system,” Legacy chief exec Rakesh Gupta says.
This small, very tightly held WA gold-iron or explorer bolted out of the gates in early trade.
Accent “continues to assess investment opportunities and projects for acquisition or development” in conjunction with majority Chinese shareholders Rich Mark Development Group (+67 per cent) and Xingang Resources (21 per cent).
(Someone called ‘Grandmaster Fortune’ also holds a +4 per cent stake in the company. Outstanding name.)
Precious metals explorer Thomson is close to wrapping up its acquisition of the previously producing Webbs and Conrad silver projects in NSW.
The high-grade Webbs deposit produced ~55,000t of ore grading at least 23oz (about 710 grams per tonne) silver between 1884 to 1901.
Conrad was historically one of the largest silver mines in the New England region, producing about 3.5moz of silver along with lead and tin.
MinRex, which will pay Australia United an initial $1m in cash and shares, could then earn up to 80 per cent of the project by spending $2.25m on exploration.
VIKING MINES (ASX:VKA) +273%
In January, gold explorer Viking appointed new chief exec Julian Woodcock – a geologist with a proven history of discovering and developing new projects.
It also picked up more ground near its high grade First Hit gold project in WA, where drilling in the 2000s intercepted high grades like 9m at 64.7g/t just below a historic resource.
Prior to closure due to depressed gold prices below $US320/oz, First Hit produced ~30koz ounces of gold at an average grade of ~7.7g/t gold.
No modern exploration activity has been conducted in the past 18 years.
In February, a review of historic underground sampling at the First Hit gold mine uncovered exceptional grades up to 1056g/t.
The tenement covers 809sqkm and hosts the historic Moyston gold mine, which produced ~75,000oz at 22g/t gold.
The boundary of the exploration licence is also just 7km from the rich Stawell gold mine, which has produced ~5Moz of gold.
The explorer has raised a cool $6.2m to give this interesting project – and potentially its graphite assets — a real good shake.