On Thursday, the gold price hit its highest point since 2020 — above $US1,970/oz — after Russia’s invasion of Ukraine pushed investors into safe havens.

Investors generally buy gold as a way of diversifying risk when s..t hits the proverbial fan.

Gold then dipped below $US1,890/oz, then recovered, then settled at around $US1,913/oz.

Bloomberg blames this stumble on some piss-poor US sanctions after President Biden promised to inflict a “severe cost on the Russian economy”.

“Firstly, in President Biden’s own words, the mechanisms were there for energy exports to continue. Secondly, the Europeans baulked at shutting Russia out of SWIFT, the global interbank payments network,” says OANDA senior market analyst Jeffrey Halley.

“So, the limits to the economic pain that the “West” was prepared to tolerate to support Ukraine and punish Russia have been revealed within 24 hours of Russia’s offensive beginning.”

“Timing is everything, and the Russian offensive has occurred in a time of already high inflation and commodity shortages globally, and the West has blinked immediately.”

“The process of throwing Ukraine under the geopolitical bus has begun. Markets clearly felt the same way, that this is the worst it can get, and have responded in kind.”

Halley says that gold’s next move will be determined by whether markets receive indirect confirmation that the West has reached peak-sanctions with Russia, or whether they intend to escalate them further.

Capital Economics says that “any escalation in the conflict could result in the gold price moving close to $2,500”.

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 % SHARE PRICE MARKET CAP
CWX Carawine Resources 43% 30% 2% -37% 0.215 $29,634,384.61
AGS Alliance Resources 37% 31% 22% 8% 0.185 $37,443,084.12
KCC Kincora Copper 24% 19% -14% 0% 0.155 $10,257,116.66
PNX PNX Metals Limited 20% 0% -22% -22% 0.006 $24,442,317.94
DDD 3D Resources Limited 17% 17% -13% -15% 0.0035 $12,541,116.28
DTM Dart Mining NL 16% 11% -9% -38% 0.1 $12,449,093.00
RGL Riversgold 14% 32% -29% -44% 0.025 $8,888,928.31
SSR SSR Mining Inc. 12% 15% 22% 38% 26.91 $574,292,012.00
LEX Lefroy Exploration 12% -4% -13% -34% 0.335 $48,868,013.78
AWV Anova Metals Ltd 11% 0% -23% -9% 0.02 $28,661,884.00
CTO Citigold Corp Ltd 11% 11% -9% -17% 0.01 $25,502,931.82
OAU Ora Gold Limited 11% 25% 17% -8% 0.02 $19,648,911.38
DCN Dacian Gold Ltd 10% 8% -12% -43% 0.215 $238,716,953.86
ALK Alkane Resources Ltd 10% 9% -4% 32% 0.945 $580,693,834.50
PRU Perseus Mining Ltd 9% 16% 16% 58% 1.75 $2,201,296,932.45
RND Rand Mining Ltd 9% 8% 3% -3% 1.56 $88,726,499.16
SMS Starmineralslimited 9% 6% 0% 0% 0.185 $4,200,000.00
MKG Mako Gold 8% 2% 7% -11% 0.093 $34,401,744.18
VAN Vango Mining Ltd 8% -15% -37% -34% 0.04 $46,617,692.38
CAI Calidus Resources 8% -5% 47% 75% 0.735 $298,197,435.43
SFM Santa Fe Minerals 8% 5% 156% 83% 0.21 $15,291,945.69
ARV Artemis Resources 7% 6% 12% -10% 0.074 $105,513,154.78
LRL Labyrinth Resources 7% 13% 5% 22% 0.045 $37,554,770.47
NST Northern Star 6% 4% 3% -4% 10.05 $12,333,232,597.41
WGX Westgold Resources. 6% 10% 29% 9% 2.225 $982,896,143.46
TAR Taruga Minerals 6% -14% -31% -25% 0.036 $20,424,748.43
GCY Gascoyne Res Ltd 6% 2% -11% -49% 0.275 $105,561,327.27
GCY Gascoyne Res Ltd 6% 2% -11% -49% 0.275 $105,561,327.27
DCX Discovex Res Ltd 6% -5% 90% 19% 0.0095 $23,117,976.68
IVR Investigator Res Ltd 5% -5% 0% -37% 0.063 $83,935,760.39
SVL Silver Mines Limited 5% -2% 5% -9% 0.215 $290,662,232.18
CEL Challenger Exp Ltd 5% 12% 23% -7% 0.325 $308,527,933.77
DGO DGO Gold Limited 5% -6% -16% -6% 2.62 $215,370,948.96
AGG AngloGold Ashanti 5% 10% 31% 13% 6.16 $563,793,074.80
MM8 Medallion Metals. 5% -8% 10% 0% 0.23 $23,858,922.60
NCM Newcrest Mining 4% -1% -2% -2% 24.9 $20,939,729,177.60
RMS Ramelius Resources 4% -5% -4% 13% 1.505 $1,348,783,844.50
WRM White Rock Min Ltd 4% -8% -36% -67% 0.2075 $33,114,929.61
PF1 Pathfinder Resources 4% 8% 48% 72% 0.43 $21,514,009.05
OGC OceanaGold Corp. 3% 13% 0% 27% 2.43 $180,696,512.39
PNR Pantoro Limited 3% -2% 70% 50% 0.315 $465,134,570.34
MRZ Mont Royal Resources 3% -4% 25% 19% 0.32 $21,534,223.34
FG1 Flynngold 3% -8% 3% 0% 0.165 $10,570,073.25
SLR Silver Lake Resource 3% 0% 32% 28% 1.825 $1,753,368,472.64
EVN Evolution Mining Ltd 3% 4% 4% -2% 4.2 $8,046,903,728.37
BCN Beacon Minerals 3% 13% 3% 0% 0.036 $132,876,804.70
KRM Kingsrose Mining Ltd 3% -17% 59% 55% 0.073 $53,216,382.85
CBY Canterbury Resources 3% -10% -34% -31% 0.076 $9,239,889.75
RED Red 5 Limited 2% 16% 69% 60% 0.3125 $777,599,015.16
MLS Metals Australia 2% 8% 8% 8% 0.043 $10,739,051.90
MML Medusa Mining Ltd 2% 10% 1% 3% 0.795 $168,444,603.81
STK Strickland Metals 2% -9% 53% 160% 0.058 $76,790,370.00
TAM Tanami Gold NL 2% -3% -17% -30% 0.059 $72,856,016.85
AMI Aurelia Metals Ltd 2% 5% 36% 12% 0.4475 $550,490,123.37
IDA Indiana Resources 2% 2% 11% -30% 0.063 $26,531,764.56
MAT Matsa Resources 2% 2% 21% -33% 0.064 $22,614,141.06
CHN Chalice Mining Ltd 1% -8% 15% 79% 7.38 $2,449,661,970.60
RVR Red River Resources 1% 18% 32% -15% 0.2175 $111,469,864.92
NVA Nova Minerals Ltd 1% -13% -17% -39% 0.91 $167,588,125.05
NML Navarre Minerals Ltd 1% 4% 12% -36% 0.093 $129,643,854.44
GMR Golden Rim Resources 1% -20% -17% -26% 0.1 $25,826,291.19
EMR Emerald Res NL 1% -3% 36% 38% 1.11 $602,292,775.84
CMM Capricorn Metals 1% 5% 67% 142% 3.7 $1,419,437,254.06
GOR Gold Road Res Ltd 1% -3% 15% 20% 1.46 $1,358,851,564.84
NPM Newpeak Metals 0% 0% -50% -67% 0.001 $8,849,750.03
AQX Alice Queen Ltd 0% -11% -43% -74% 0.008 $12,262,784.08
TMX Terrain Minerals 0% 0% 0% -11% 0.008 $5,150,327.06
YRL Yandal Resources 0% -25% -45% -32% 0.28 $32,505,634.84
FAU First Au Ltd 0% -9% -23% -47% 0.01 $7,839,109.49
KAL Kalgoorliegoldmining 0% 11% 0% 0% 0.155 $11,227,363.00
PAK Pacific American Hld 0% 0% 30% -24% 0.017 $7,168,161.03
MCT Metalicity Limited 0% -13% -22% -46% 0.007 $17,765,071.99
TRY Troy Resources Ltd 0% 0% -8% -55% 0.037 $31,631,563.33
KGM Kalnorth Gold Ltd 0% 0% 0% 0% 0.013 $11,625,120.78
CGN Crater Gold Min Ltd 0% 0% 0% -26% 0.017 $21,063,473.65
TSC Twenty Seven Co. Ltd 0% 0% 33% -33% 0.004 $10,643,255.62
GUL Gullewa Limited 0% 4% -15% -10% 0.072 $13,706,863.20
ADV Ardiden Ltd 0% -24% 8% -28% 0.013 $29,267,065.92
FML Focus Minerals Ltd 0% 2% 10% -20% 0.275 $50,255,855.38
HRN Horizon Gold Ltd 0% -4% 51% -8% 0.43 $45,877,566.88
BMO Bastion Minerals 0% -13% 0% 0% 0.17 $12,907,974.20
CDR Codrus Minerals Ltd 0% 13% -16% 0% 0.13 $5,200,000.00
LCY Legacy Iron Ore 0% -14% 29% -22% 0.018 $115,322,871.58
OZM Ozaurum Resources 0% -14% -11% -37% 0.12 $6,865,920.00
XAM Xanadu Mines Ltd 0% 4% 7% -48% 0.029 $36,644,334.75
MBK Metal Bank Ltd 0% 0% -37% -48% 0.006 $15,646,908.96
GNM Great Northern 0% -8% -40% -54% 0.006 $10,254,305.86
TRM Truscott Mining Corp 0% -6% -3% 10% 0.032 $4,862,129.41
DLC Delecta Limited 0% 10% 120% 57% 0.011 $13,253,995.76
AWJ Auric Mining 0% -17% -23% -46% 0.1 $5,606,935.70
ANL Amani Gold Ltd 0% -25% 50% 0% 0.0015 $34,400,161.69
BGL Bellevue Gold Ltd 0% 13% -3% 21% 0.9225 $948,843,546.52
CYL Catalyst Metals -1% 4% 1% -2% 1.89 $186,081,316.47
MAU Magnetic Resources -1% 2% -11% -5% 1.43 $317,445,088.89
RDT Red Dirt Metals Ltd -1% -22% 224% 197% 0.535 $133,956,671.63
RXL Rox Resources -1% -26% 12% -19% 0.425 $66,755,197.74
NWM Norwest Minerals -2% -23% -21% -31% 0.054 $9,752,794.15
PRS Prospech Limited -2% -17% -44% -63% 0.052 $3,454,593.27
TBR Tribune Res Ltd -2% -3% -17% -9% 4.6 $240,303,792.66
NAG Nagambie Resources -2% -22% -40% -14% 0.049 $24,496,684.95
AUC Ausgold Limited -2% -6% 18% -8% 0.046 $74,265,828.89
SKY SKY Metals Ltd -2% -18% 0% -49% 0.09 $33,156,945.36
SMI Santana Minerals Ltd -2% 48% 291% 181% 0.45 $59,686,779.60
A1G African Gold Ltd. -2% -6% 39% 25% 0.225 $26,867,323.80
WWI West Wits Mining Ltd -2% 5% -26% -39% 0.042 $80,882,228.28
CY5 Cygnus Gold Limited -3% 9% 24% 3% 0.18 $23,007,136.43
HAV Havilah Resources -3% 0% -10% -19% 0.175 $51,892,631.80
ADN Andromeda Metals Ltd -3% -19% 3% -42% 0.17 $434,652,233.05
HMG Hamelingoldlimited -3% 6% 0% 0% 0.17 $18,700,000.00
HMG Hamelingoldlimited -3% 6% 0% 0% 0.17 $18,700,000.00
ZAG Zuleika Gold Ltd -3% -13% 17% -24% 0.034 $14,475,768.06
SLZ Sultan Resources Ltd -3% -27% -14% -23% 0.15 $12,492,658.35
HAW Hawthorn Resources -3% -9% 102% 11% 0.089 $28,682,342.72
BC8 Black Cat Syndicate -3% -3% 10% -13% 0.58 $80,260,452.27
AXE Archer Materials -3% -8% -50% 1% 0.985 $235,188,846.65
ENR Encounter Resources -3% -7% -3% 3% 0.14 $45,938,439.77
DTR Dateline Resources -3% -1% -9% 11% 0.083 $35,034,540.40
STN Saturn Metals -4% 9% -4% 1% 0.405 $51,461,666.82
AZS Azure Minerals -4% -8% -5% 24% 0.385 $113,418,538.17
MTH Mithril Resources -4% -11% -26% -38% 0.0125 $30,962,796.49
SNG Siren Gold -4% -9% -16% -45% 0.245 $20,687,781.14
BRB Breaker Res NL -4% -2% 20% 23% 0.245 $76,572,618.32
GRL Godolphin Resources -4% -8% -23% -47% 0.12 $10,513,921.38
HRZ Horizon -4% -8% 9% 14% 0.12 $65,317,148.00
ALY Alchemy Resource Ltd -4% -8% -6% -23% 0.012 $11,428,138.68
AGC AGC Ltd -4% -2% -18% -48% 0.094 $6,366,364.70
AGC AGC Ltd -4% -2% -18% -48% 0.094 $6,366,364.70
BNZ Benzmining -4% -3% -13% -38% 0.585 $28,399,987.14
FFX Firefinch Ltd -4% -10% 16% 168% 0.6425 $718,663,082.00
TSO Tesoro Resources Ltd -4% -12% -31% -66% 0.069 $45,310,303.83
REZ Resourc & En Grp Ltd -4% -24% 42% 2% 0.044 $21,991,454.72
AAR Anglo Australian -4% 5% 43% 11% 0.11 $59,617,923.90
TTM Titan Minerals -4% 10% 5% -8% 0.11 $148,020,655.97
AL8 Alderan Resource Ltd -4% -21% -56% -77% 0.022 $9,362,453.76
SFR Sandfire Resources -4% 4% 20% 34% 6.98 $2,906,771,621.37
RRL Regis Resources -4% 5% -26% -41% 1.8975 $1,490,683,188.55
AAU Antilles Gold Ltd -5% 9% 8% -19% 0.084 $25,232,411.76
MXR Maximus Resources -5% -11% -16% -57% 0.063 $20,663,874.92
MKR Manuka Resources. -5% 0% 5% -33% 0.31 $31,969,684.85
CAZ Cazaly Resources -5% -7% -15% -15% 0.041 $15,891,220.48
AUT Auteco Minerals -5% -5% -13% -18% 0.08 $135,054,314.88
KAU Kaiser Reef -5% -5% -12% -56% 0.2 $25,178,246.37
DRE Dreadnought Resources Ltd -5% 0% -15% 144% 0.039 $107,869,974.94
MZZ Matador Mining Ltd -5% -16% -28% -11% 0.29 $63,908,653.98
ARN Aldoro Resources -5% 4% -17% 47% 0.375 $32,233,892.04
OKR Okapi Resources -5% -5% -28% 45% 0.275 $28,101,401.52
M24 Mamba Exploration -5% -22% -8% -29% 0.18 $7,591,500.54
G88 Golden Mile Res Ltd -5% 0% -2% 4% 0.052 $8,996,953.06
ANX Anax Metals Ltd -5% -7% 2% 19% 0.086 $34,436,821.76
M2R Miramar -6% 0% -19% -29% 0.17 $8,219,478.30
MEU Marmota Limited -6% -13% -1% -8% 0.0425 $41,163,415.27
BEZ Besragoldinc -6% -19% 0% 0% 0.085 $14,607,246.60
GSN Great Southern -6% -18% -6% -34% 0.05 $26,618,354.30
ZNC Zenith Minerals Ltd -6% -6% 57% 164% 0.33 $110,049,329.60
TLM Talisman Mining -6% -3% -8% 77% 0.165 $31,915,714.49
BMR Ballymore Resources -6% -18% 0% 0% 0.16 $11,756,492.96
DEX Duke Exploration -6% -6% -40% -54% 0.16 $14,433,784.32
TIE Tietto Minerals -6% 7% 79% 54% 0.555 $388,827,594.63
WMC Wiluna Mining Corp -6% -9% -4% -15% 1.01 $226,106,991.15
KTA Krakatoa Resources -6% -15% -8% -34% 0.044 $12,377,816.51
EM2 Eagle Mountain -6% -9% -21% 43% 0.585 $128,577,447.04
ADT Adriatic Metals -6% -15% -18% -3% 2.19 $452,198,207.52
GBR Greatbould Resources -6% -6% 63% 270% 0.145 $51,799,192.31
SAU Southern Gold -7% -7% -15% -41% 0.056 $12,373,067.85
BTR Brightstar Resources -7% -60% -3% -43% 0.028 $15,312,104.33
MEG Megado -7% -11% -20% -58% 0.08 $3,443,903.84
LM8 Lunnonmetalslimited -7% -15% 27% 0% 0.79 $60,131,122.46
NMR Native Mineral Res -7% 11% 9% 5% 0.255 $9,928,899.00
MOH Moho Resources -7% -18% -15% -38% 0.05 $6,636,563.39
MVL Marvel Gold Limited -7% -15% -6% 4% 0.05 $29,346,640.40
CLA Celsius Resource Ltd -7% -17% 4% -49% 0.025 $24,241,495.86
MDI Middle Island Res -7% -14% 25% -52% 0.125 $15,302,277.75
POL Polymetals Resources -7% -4% -17% 0% 0.125 $5,007,070.75
S2R S2 Resources -8% -5% 42% 9% 0.185 $60,583,725.35
VMC Venus Metals Cor Ltd -8% -12% 6% -10% 0.18 $27,194,162.94
GBZ GBM Rsources Ltd -8% -6% 9% -4% 0.12 $58,745,909.31
BGD Bartongoldholdings -8% 9% 33% 0% 0.24 $21,459,999.00
GML Gateway Mining -8% -20% -25% -59% 0.012 $27,121,276.40
CST Castile Resources -8% -10% -24% -3% 0.175 $34,949,271.18
LYN Lycaonresources -8% -19% 0% 0% 0.35 $9,843,750.00
KZR Kalamazoo Resources -8% -17% -21% -35% 0.29 $45,010,255.94
QML Qmines Limited -8% -10% -25% 0% 0.26 $17,295,636.54
ERM Emmerson Resources -8% -18% 67% 74% 0.115 $57,421,626.24
BDC Bardoc Gold Ltd -8% -2% 22% 4% 0.46 $141,001,117.21
TMZ Thomson Res Ltd -8% -23% -42% -65% 0.0605 $34,912,802.10
NSM Northstaw -8% -2% -11% -40% 0.275 $11,034,925.00
NES Nelson Resources. -8% -13% -46% -77% 0.022 $6,180,135.44
HCH Hot Chili Ltd -8% -22% -33% -46% 1.3 $139,353,768.79
CPM Coopermetalslimited -8% 80% 0% 0% 0.54 $14,320,600.00
E2M E2 Metals -9% -20% -22% -52% 0.215 $30,846,598.67
AQI Alicanto Min Ltd -9% -9% -29% -26% 0.096 $38,271,361.70
PDI Predictive Disc Ltd -9% -14% 56% 256% 0.21 $274,885,436.40
GED Golden Deeps -9% -9% -9% -17% 0.01 $7,758,514.40
CXU Cauldron Energy Ltd -9% -13% -39% -46% 0.02 $8,843,285.34
CHZ Chesser Resources -9% -9% -33% -44% 0.1 $46,988,501.40
DEG De Grey Mining -9% -20% -9% 22% 1.095 $1,625,302,746.38
MGV Musgrave Minerals -9% -2% -2% -6% 0.295 $161,151,884.70
SPQ Superior Resources -9% -26% 225% 225% 0.039 $62,945,155.47
GWR GWR Group Ltd -9% -19% -33% -47% 0.145 $47,300,145.30
TBA Tombola Gold Ltd -10% -3% -46% -56% 0.028 $20,320,281.80
AM7 Arcadia Minerals -10% -10% 18% 0% 0.225 $7,173,462.50
WAF West African Res Ltd -10% -15% 5% 33% 1.08 $1,123,037,283.50
RML Resolution Minerals -10% 13% -18% -36% 0.018 $11,850,598.78
SBR Sabre Resources -10% -10% 13% -44% 0.0045 $9,156,661.42
LCL Los Cerros Limited -10% -2% -26% -28% 0.1075 $70,236,799.05
AME Alto Metals Limited -10% -15% -10% 3% 0.077 $41,714,963.45
ICG Inca Minerals Ltd -10% -2% -18% 8% 0.094 $45,233,894.91
PNM Pacific Nickel Mines -10% -10% 88% 65% 0.094 $24,670,936.20
PKO Peako Limited -11% -11% -39% -32% 0.017 $5,243,719.72
PRX Prodigy Gold NL -11% -24% -39% -39% 0.025 $15,148,317.76
TNR Torian Resources Ltd -11% -11% 4% -57% 0.025 $32,159,419.68
SBM St Barbara Limited -11% -5% -19% -38% 1.305 $1,000,433,139.09
ASO Aston Minerals Ltd -11% -19% 19% 275% 0.1425 $119,274,678.63
KSN Kingston Resources -11% 3% -9% -29% 0.16 $68,106,957.44
CDT Castle Minerals -11% 14% 243% 380% 0.048 $45,969,853.95
GSM Golden State Mining -11% -28% -34% -44% 0.079 $6,314,686.86
NXM Nexus Minerals Ltd -11% -15% 130% 241% 0.31 $92,696,169.92
ARL Ardea Resources Ltd -12% 19% 52% 39% 0.7025 $96,487,002.21
GTR Gti Resources -12% -16% 5% -9% 0.0185 $19,189,280.88
KAI Kairos Minerals Ltd -12% -24% -24% -27% 0.022 $45,128,150.29
TRN Torrens Mining -12% 0% -33% -24% 0.145 $9,753,091.32
GIB Gibb River Diamonds -13% -26% -16% -27% 0.0595 $13,113,585.59
MEI Meteoric Resources -13% -18% -60% -79% 0.014 $22,894,460.57
MHC Manhattan Corp Ltd -13% -13% 27% -18% 0.014 $21,367,901.70
TCG Turaco Gold Limited -13% -13% -9% 75% 0.105 $44,910,250.25
SVY Stavely Minerals Ltd -13% -20% 5% -51% 0.41 $104,384,580.80
GSR Greenstone Resources -13% 0% 55% 42% 0.034 $31,159,425.43
TG1 Techgen Metals Ltd -13% -33% -39% 0% 0.1 $4,354,216.60
PUR Pursuit Minerals -13% -23% -67% -68% 0.02 $18,910,983.88
KWR Kingwest Resources -13% -11% 154% 0% 0.165 $42,520,279.38
SRN Surefire Rescs NL -13% 8% -13% -62% 0.013 $13,537,414.91
NAE New Age Exploration -13% -13% 30% 18% 0.013 $20,102,584.74
HMX Hammer Metals Ltd -14% 21% -23% -37% 0.069 $54,604,639.74
BBX BBX Minerals Ltd -14% -26% -41% -56% 0.125 $57,502,684.38
OBM Ora Banda Mining Ltd -14% -8% -47% -79% 0.049 $50,659,674.26
EMU EMU NL -14% -23% -45% -75% 0.0155 $8,247,217.26
IPT Impact Minerals -14% -14% 0% -45% 0.012 $24,285,539.03
LNY Laneway Res Ltd -14% 0% 50% 0% 0.006 $28,359,065.60
VKA Viking Mines Ltd -14% -14% -48% -75% 0.012 $12,303,101.17
AYM Australia United Min -14% -14% -25% -40% 0.006 $11,055,464.91
BYH Bryah Resources Ltd -15% -19% -6% -31% 0.047 $10,631,737.23
G50 Gold50Limited -15% 2% 0% 0% 0.23 $13,164,230.24
AZL Arizona Lithium Ltd -15% -28% 203% 167% 0.115 $219,754,310.05
RMX Red Mount Min Ltd -15% -23% -6% -29% 0.0085 $13,138,910.86
BAT Battery Minerals Ltd -15% -35% -29% -73% 0.0085 $21,127,181.14
PUA Peak Minerals Ltd -15% -21% -35% -61% 0.011 $10,413,707.51
ICL Iceni Gold -15% -15% -49% 0% 0.11 $14,639,089.22
A8G Australasian Metals -16% -22% 233% 0% 0.45 $18,880,132.18
RDN Raiden Resources Ltd -17% -25% -25% -38% 0.015 $22,005,236.86
RDS Redstone Resources -17% -26% -9% -33% 0.01 $6,470,991.57
AVW Avira Resources Ltd -17% 0% 25% 0% 0.005 $8,593,950.00
BRV Big River Gold Ltd -17% -2% -14% -28% 0.25 $56,153,974.58
KCN Kingsgate Consolid. -17% -43% 73% 23% 1.21 $278,863,770.78
MRR Minrex Resources Ltd -17% -13% 260% 135% 0.054 $40,508,797.84
PGD Peregrine Gold -17% -8% 21% 0% 0.515 $19,059,064.00
SI6 SI6 Metals Limited -18% -10% -25% -61% 0.009 $12,853,295.87
HXG Hexagon Energy -18% -36% -38% -55% 0.045 $20,088,865.49
RSG Resolute Mining -18% -22% -47% -63% 0.245 $298,061,510.40
THR Thor Mining PLC -19% 8% 0% -13% 0.013 $11,203,183.12
WCN White Cliff Min Ltd -19% 9% 127% 32% 0.025 $13,213,780.78
XTC Xantippe Res Ltd -20% -27% 433% 300% 0.008 $52,744,263.32
OKU Oklo Resources Ltd -20% -23% -23% -48% 0.088 $43,386,697.19
KNB Koonenberrygold -20% -17% 0% 0% 0.12 $8,945,376.24
MTC Metalstech Ltd -21% -27% 13% 66% 0.205 $35,832,886.85
AAJ Aruma Resources Ltd -22% -6% 8% 14% 0.082 $12,870,843.25
SIH Sihayo Gold Limited -25% -25% -33% -50% 0.006 $22,112,768.48
BNR Bulletin Res Ltd -28% -4% 171% 82% 0.13 $34,267,189.20
GMN Gold Mountain Ltd -31% -31% -57% -78% 0.009 $9,631,342.53
VRC Volt Resources Ltd -31% -31% -46% -15% 0.0145 $40,144,157.33

 

Weekly Top 3 Producers

SSR MINING (ASX:SSR)

Dual listed gold miner SSR came through with outstanding results at exactly the right time.

Full year production of 794,456oz approached the top end of the company’s guidance (720,000 to 800,000oz) while costs were lower than predicted at $US955oz (guidance: $US1,000 to $US1,040/oz).

A nice profit margin of $444.2 million saw the company declare a quarterly cash dividend of US$0.07 per share — an increase of 40% over the third quarter dividend.

SSR is aiming to produce ~800,000oz per year over the next three years, “a strong and stable production profile without requirements for material capital investment”.

“The Company’s 2022 guidance included AISC guidance of $1,120 to $1,180 per ounce, reflecting a cost profile that ensures strong free cash flow and capital returns going forward,” it says.

At the end of 2021, SSR had a cash and cash equivalent balance of US$1.017 billion.

 

DACIAN GOLD (ASX:DCN)

Gold being at a 2-month high is especially great news for embattled-but-still-alive-somehow WA producer DCN.

The poster child for missed guidance actually REAFFIRMED FY2022 production guidance of 100,000-110,000oz last week as production ramps up for remainder of FY2022.

However, the company was forced to revise its all-in sustaining costs upwards to between $A1,750-$1,850/oz due to “challenging labour conditions and cost environment”.

That’s higher than the industry average.

Still, at current prices DCN still will be making cash hand over fist, which will help service its debt pile and set it up for a strong March quarter.

The $230m market cap stock had cash and gold on hand at 31 December 2021 of $30.2m, with total debt of $16.0m.


ALKANE RESOURCES (ASX:ALK)

One of Peak Asset Management boss Niv Dagan’s stocks to watch.

ALK produced 16,935oz of gold during the December 2021 quarter at an AISC of $1,338/oz.

FY22 guidance is between 55,000oz and 60,000oz.

“The company is currently in the process of securing approvals from the New South Wales government to develop the Roswell and San Antonio deposits,” Dagan explains.

“Feasibility plans that include both open cut and underground mines at the two deposits are expected to be finalised in the coming quarter once the San Antonio indicated resource is completed.”

ALK had $118.3m in cash, bullion and listed investments at 31 December 2021.