The price of gold will “remain elevated” as governments pour cash into the post-pandemic economic recovery, the world’s biggest gold producer Newmont said this week.

This extended period of joy for gold miners and explorers is encouraging more companies to ‘make hay while the sun shines’ and chase ambitions of listing on the ASX.

Investors are also keen to jump on board.

On Thursday, SSR Mining (ASX:SSR) listed on the ASX on the same day the US headquartered gold company finalised its $5bn merger with Turkey-focused gold producer Alacer Gold (ASX:AQG).

The merged company has an annual production of around 720,000oz of gold, and 7.7 million ounces of silver from four mines.

Victorian gold explorer North Stawell Minerals (ASX:NSM) closed its $20m initial public offering after being inundated with demand and expects to list on the ASX next week.

It ranks as the biggest gold float on the ASX since Dacian Gold (ASX:DCN) in 2012, which also raised $20m in its IPO.

Ethiopia-focused Megado Gold — which raised the maximum $6m at 20c per share in a bookbuild that was “multiple times oversubscribed” — is next in line to light up the ASX boards around October 26 under the ticker ‘MEG’.

In early September, OzAurum Resources raised ~$1m in oversubscribed pre-IPO funding to secure 80 per cent of two advanced gold projects in WA.

OzAurum expects to mandate a lead manager for an IPO in the next month.

There’s also gold-focused Siren Gold, Pathfinder Resources, and Miramar Resources still to come.

Meanwhile, gold continues to bounce around the mid-$US1900/oz mark:

USD (yellow) and AUD (orange) gold prices since mid 2019.

The big Aussie miners had a strong week, led by Northern Star (ASX:NST) +12 per cent, Evolution Mining (ASX:EVN) +9 per cent, Ramelius Resources (ASX:RMS) +11 per cent, and Perseus Mining (ASX:PRU) +14 per cent.

Over the past 12 months, 128 of the 178 stocks on Stockhead’s gold list have made gains, led by standout performers Auteco Minerals (ASX:AUT) +2900 per cent, and De Grey (ASX:DEG) +2600 per cent.

Winners & Losers

Here’s how 178 ASX-listed gold stocks performed for the period September 14 – September 18 [intraday]:

Scroll or swipe to reveal table. Click headings to sort. Best viewed on a laptop

CODE NAME 1 WEEK RETURN % 1 YEAR RETURN % PRICE [intraday Friday] MARKET CAP
BBX BBX Minerals 60 203 0.0055 $ 167,322,677.20
KTA Krakatoa Resources 51 495 0.12 $ 24,593,100.00
WWI West Wits Mining 50 371 0.033 $ 37,922,136.16
TSC Twenty Seven Co. 50 50 0.008 $ 11,104,246.15
CLA Celsius Resources 42 100 0.034 $ 25,747,196.67
NAE New Age Exploration 38 175 0.011 $ 9,776,584.51
ADN Andromeda Metals 37 42 0.092 $ 153,591,186.82
DRE Dreadnought Resources 33 233 0.019 $ 39,821,101.38
MSR Manas Resources 33 100 0.008 $ 21,145,299.90
ADV Ardiden 27 663 0.031 $ 58,245,232.75
AQI Alicanto Minerals 27 184 0.0019 $ 57,556,540.87
SI6 Six Sigma Metals 25 275 0.015 $ 16,618,194.11
ALK Alkane Resources 25 138 0.015 $ 827,590,432.00
CXU Cauldron Energy 25 122 0.04 $ 15,051,593.40
PAK Pacific American Holdings 25 -30 0.025 $ 6,930,000.00
AZS Azure Minerals 24 8 0.002 $ 49,649,486.49
CHN Chalice Gold Mines 24 795 0.0174 $ 482,782,017.90
CST Castile Resources 24 0 0.0035 $ 64,905,789.33
ARV Artemis Resources 21 179 0.092 $ 94,066,672.31
AMG Ausmex Mining 21 -45 0.058 $ 31,211,393.67
MAR Malachite Resources 18 -61 0.039 $ 4,860,308.70
TSO Tesoro Resources 18 552 0.265 $ 100,996,874.64
CHZ Chesser Resources 18 178 0.2 $ 81,285,591.60
MEI Meteoric Resources 17 -25 0.048 $ 58,196,074.26
NPM Newpeak Metals 17 -13 0.0035 $ 14,813,289.55
GBZ GBM Resources 15 304 0.15 $ 49,382,994.15
OKU Oklo Resources 15 150 0.3 $ 151,068,943.80
MZZ Matador Mining 15 77 0.495 $ 81,687,458.27
MOH Moho Resources 15 35 0.115 $ 7,648,476.77
GSN Great Southern Mining 14 118 0.12 $ 49,091,492.64
ERX Exore Resources 14 33 0.12 $ 70,722,732.60
DCX Discovex Resources 14 -11 0.008 $ 9,569,312.61
A1G African Gold 14 -14 0.16 $ 4,551,773.88
G88 Golden Mile Resources 14 -19 0.065 $ 6,911,656.34
WMX Wiluna Mining Corp 14 90 1.9 $ 180,846,122.40
PRU Perseus Mining 14 115 1.57 $ 1,784,451,053.72
KCN Kingsgate Consolidated 14 139 1 $ 234,143,847.90
LEX Lefroy Exploration 13 27 0.26 $ 27,131,421.15
SFM Santa Fe Minerals 13 0 0.09 $ 6,553,691.01
GMN Gold Mountain 13 -12 0.045 $ 29,905,146.66
NST Northern Star 12 37 15.13 $ 11,025,517,134.24
AGS Alliance Resources 12 79 0.235 $ 43,683,519.60
MHC Manhattan Corp 11 880 0.049 $ 63,661,377.26
CAI Calidus Resources 11 127 0.59 $ 154,779,405.63
RMS Ramelius Resources 11 112 2.52 $ 1,996,944,337.83
TNR Torian Resources 11 74 0.02 $ 14,627,794.22
WAF West African Resources 10 126 1.18 $ 998,759,461.74
BGL Bellevue Gold 10 85 1.18 $ 949,084,144.49
PDI Predictive Discovery 10 534 0.075 $ 59,319,810.36
VMC Venus Metals 10 41 0.275 $ 40,035,851.00
RML Resolution Minerals 10 38 0.055 $ 15,650,364.30
BNR Bulletin Resources 10 183 0.068 $ 12,371,222.11
PRX Prodigy Gold 10 -37 0.069 $ 40,063,304.81
EVN Evolution Mining 9 34 6.32 $ 10,559,229,823.20
STK Strickland Metals 9 140 0.06 $ 25,922,294.30
DCN Dacian Gold 9 -54 0.365 $ 194,777,993.90
CWX Carawine Resources 9 23 0.245 $ 20,089,906.46
TTM Titan Minerals 9 -34 0.13 $ 137,859,031.75
CTO Citigold Corp 8 160 0.013 $ 31,214,078.51
OAU Ora Gold 8 100 0.026 $ 20,180,285.33
RED Red 5 8 21 0.36 $ 699,556,255.36
FML Focus Minerals 8 38 0.42 $ 74,926,911.65
NES Nelson Resources 8 83 0.071 $ 7,806,545.66
DEG De Grey Mining 7 2606 1.54 $ 1,798,115,092.50
CMM Capricorn Metals 7 92 2.25 $ 777,111,863.82
DGO DGO Gold 7 385 3.88 $ 239,987,662.20
NUS Nusantara Resources 7 19 0.31 $ 68,025,374.72
SLR Silver Lake Resources 7 154 2.49 $ 2,141,337,921.03
TMX Terrain Minerals 7 300 0.016 $ 11,570,576.14
AWV Anova Metals 6 188 0.033 $ 38,791,143.08
GED Golden Deeps 6 -26 0.017 $ 9,153,491.88
BYH Bryah Resources 6 -34 0.053 $ 7,253,061.20
ALY Alchemy Resources 6 77 0.019 $ 12,100,382.15
BCN Beacon Minerals 6 -16 0.038 $ 111,708,118.98
HXG Hexagon Energy 5 -17 0.058 $ 16,961,137.03
AUC Ausgold 5 95 0.039 $ 50,713,632.10
MEU Marmota Limited 5 43 0.05 $ 48,401,684.50
KZR Kalamazoo Resources 5 161 0.73 $ 96,241,953.99
SSR SSR Mining 5 -33 32.69 $ 498,300,000.00
VAN Vango Mining 5 -46 0.1 $ 104,327,239.17
GML Gateway Mining 5 0 0.022 $ 39,944,436.76
AOP Apollo Consolidated 5 34 0.34 $ 90,147,022.65
RRL Regis Resources 4 16 5.56 $ 2,831,488,083.15
GOR Gold Road Resources 4 30 1.69 $ 1,443,076,586.72
BRB Breaker Resources 4 -19 0.25 $ 66,534,307.00
SAR Saracen Mineral 4 61 5.43 $ 5,759,666,224.00
MAT Matsa Resources 4 -15 0.14 $ 36,604,805.72
NCM Newcrest Mining 4 -6 32.94 $ 26,726,354,528.50
CDV Cardinal Resources 3 124 1.07 $ 552,325,748.10
SAU Southern Gold 3 -35 0.16 $ 21,862,897.00
WGX Westgold Resources 3 2 2.46 $ 1,025,361,858.80
MDI Middle Island Resources 3 94 0.0175 $ 46,315,912.55
STN Saturn Metals 3 50 0.72 $ 64,205,456.40
MTC Metalstech 2 1333 0.215 $ 11,787,461.86
ERM Emmerson Resources 2 -34 0.095 $ 44,905,410.28
TIE Tietto Minerals 2 174 0.575 $ 230,546,771.33
RXL Rox Resources 2 138 0.062 $ 126,841,364.71
NXM Nexus Minerals 1 62 0.076 $ 14,694,727.00
BC8 Black Cat Syndicate 1 72 0.79 $ 87,678,695.27
SBM St Barbara 1 12 3.38 $ 2,335,729,271.16
EMR Emerald Resources 1 65 0.645 $ 334,852,022.05
RSG Resolute Mining 1 -34 1 $ 1,092,853,778.94
CYL Catalyst Metals 0 9 2.48 $ 204,351,251.04
AUT Auteco Minerals 0 2900 0.15 $ 235,076,840.40
MCT Metalicity 0 403 0.024 $ 37,586,722.83
SBR Sabre Resources 0 225 0.013 $ 13,757,108.84
BRV Big River Gold 0 181 0.059 $ 82,964,740.70
AVW Avira Resources 0 167 0.008 $ 11,000,000.00
GSM Golden State Mining 0 155 0.255 $ 12,311,005.00
ARS Alt Resources 0 133 0.049 $ 31,978,522.93
SVL Silver Mines 0 130 0.23 $ 225,825,343.48
SKY SKY Metals 0 120 0.13 $ 32,064,477.64
GNM Great Northern 0 120 0.022 $ 20,761,098.26
KGM Kalnorth Gold 0 117 0.013 $ 11,625,120.78
FFR Firefly Resources 0 108 0.17 $ 42,865,272.78
NVA Nova Minerals 0 80 0.09 $ 128,774,036.36
MKG Mako Gold 0 60 0.13 $ 27,480,387.87
DTR Dateline Resources 0 50 0.003 $ 24,630,234.23
VRC Volt Resources 0 46 0.016 $ 30,308,330.60
GBR Great Boulder Resources 0 34 0.049 $ 9,145,326.34
HMX Hammer Metals 0 26 0.039 $ 23,823,645.03
TLM Talisman Mining 0 20 0.115 $ 21,462,264.28
LNY Laneway Resources 0 14 0.008 $ 30,200,527.46
GRL Godolphin Resources 0 0 0.205 $ 13,619,174.80
OKR Okapi Resources 0 -13 0.205 $ 7,388,787.53
NAG Nagambie Resources 0 -18 0.051 $ 24,996,617.30
BDC Bardoc Gold 0 -27 0.08 $ 141,934,404.83
CGN Crater Gold Mines 0 -31 0.011 $ 13,502,454.54
KWR Kingwest Resources 0 -41 0.16 $ 21,942,967.68
ANL Amani Gold 0 -43 0.002 $ 15,676,393.49
ARN Aldoro Resources 0 -47 0.1 $ 6,638,080.30
AME Alto Metals -1 102 0.085 $ 25,295,511.00
GUL Gullewa Limited -1 140 0.084 $ 13,267,220.40
TAR Taruga Minerals -1 227 0.069 $ 32,004,105.42
RGL Riversgold -2 330 0.057 $ 21,784,422.35
TBR Tribune Resources -2 -7 7.8 $ 407,676,958.29
MML Medusa Mining -2 -3 0.85 $ 178,703,098.86
E2M E2 Metals -2 -9 0.2 $ 26,240,037.20
CY5 Cygnus Gold -3 205 0.18 $ 16,164,455.39
AMI Aurelia Metals -3 2 0.505 $ 436,991,898.50
MLL Mali Lithium -3 61 0.16 $ 56,567,300.84
HAW Hawthorn Resources -4 150 0.14 $ 45,024,607.76
HRZ Horizon -4 -4 0.13 $ 66,361,776.00
ARL Ardea Resources -4 -3 0.5 $ 62,755,732.73
MTH Mithril Resources -4 667 0.046 $ 100,179,607.01
ZNC Zenith Minerals -4 89 0.115 $ 32,379,603.30
CEL Challenger Exploration -4 412 0.22 $ 115,092,171.60
TRY Troy Resources -5 -5 0.1 $ 66,366,695.64
RDS Redstone Resources -5 100 0.02 $ 10,402,600.32
RND Rand Mining -5 -38 1.98 $ 125,710,312.75
HRN Horizon Gold -5 56 0.47 $ 40,923,932.59
GMR Golden Rim Resources -6 7 0.015 $ 26,759,023.37
VKA Viking Mines -7 8 0.014 $ 4,392,049.98
MAU Magnetic Resources -7 143 1.24 $ 259,285,652.40
PGI Panterra Gold -7 60 0.04 $ 7,805,665.96
TAM Tanami Gold -7 19 0.064 $ 75,206,210.94
DTM Dart Mining -8 59 0.185 $ 13,867,434.80
CDT Castle Minerals -8 20 0.012 $ 5,351,930.00
SIH Sihayo Gold -9 36 0.021 $ 60,108,936.87
MGV Musgrave Minerals -9 585 0.575 $ 277,343,986.73
CBY Canterbury Resources -9 -59 0.1 $ 8,955,726.15
DAU Dampier Gold -9 12 0.029 $ 8,548,816.20
PUA Peak Minerals -10 31 0.027 $ 12,483,823.17
KRM Kingsrose Mining -10 -10 0.036 $ 26,280,264.67
MKR Manuka Resources -11 0 0.5 $ 34,781,943.36
GWR GWR Group -11 90 0.2 $ 49,665,762.71
ONX Orminex -11 -73 0.031 $ 16,712,167.21
AAR Anglo Australian -13 165 0.175 $ 86,566,868.70
BAR Barra Resources -13 0 0.021 $ 14,166,770.12
XTC Xantippe Resources -14 0 0.003 $ 14,260,975.41
NWM Norwest Minerals -15 -43 0.115 $ 6,780,521.79
AXE Archer Materials -15 300 0.52 $ 121,151,604.42
SLZ Sultan Resources -18 223 0.21 $ 12,311,313.00
RMX Red Mountain Mining -20 60 0.008 $ 9,117,330.98
AAJ Aruma Resources -23 70 0.085 $ 10,254,725.13
MLS Metals Australia -25 50 0.003 $ 10,945,058.33
PUR Pursuit Minerals -25 50 0.015 $ 6,191,014.74
SMI Santana Minerals -25 0 0.003 $ 4,070,448.98

 

Small Cap Standouts

BUY, BUY, BUY!

A well timed acquisition can be a good way to reignite that share price.

Coal/renewable energy minnow Pacific American (ASX:PAK) is dipping a toe into WA gold exploration, while former cobalt high flyer Celsius Resources (ASX:CLA) is buying a suite of copper-gold projects in the Philippines.

Celsius’ acquisition includes an enormous, high-grade copper-gold porphyry deposit at the Maalinao-Caigutan-Biyog (MCB) project.

Porphyry deposits are multigenerational monsters, responsible for ~60 per cent of the world’s copper, most of its molybdenum, and significant amounts of gold and silver.

Highlight results from historical drilling include a 384m-long intersection grading 1.25 per cent copper and 0.46 grams per tonne (g/t) gold.

Celsius is going to move quickly, non-exec director Bill Oliver says.

“Currently, Anleck and Celsius are progressing a maiden JORC resource estimate for Makilala which is expected to be delivered once COVID quarantine restrictions ease, which will be followed by the commissioning of a scoping study,” he says.

WHAT’S THE DRILL?

A drilling program is kicking off at Alicanto’s (ASX:AQI) Greater Falun copper-gold project, located in Sweden’s mineral-rich Bergslagen district.

This project neighbours a bunch of big operations including the 28-million-tonne Falun deposit, mined over ~1,000 years at some pretty phenomenal grades until the 1990s.

This 4,000m diamond drilling program will be the first thorough, modern exploration campaign ever undertaken at the project, Alicanto says.

Up on no news was Lachlan Fold Belt gold explorer Krakatoa Resources (ASX:KTA), which is due to drop some highly anticipated first return assay results in the next week or so.

In response to a share price query from the ASX, Krakatoa said the first batch of assay results were expected to be received in one-to-two weeks “following which the company will complete its internal review processes before releasing to ASX”.

The explorer also included a sneaky spruik.

“At the time of writing, the final proposed hole QRD005 had commenced,” it says.

“This highly anticipated drill hole has been planned to test below the outstanding chip result of 1,535g/t gold just south of Dead Horse Reef where past explorers report numerous significant gold grades from chip and mullock sampling, including 135g/t, 26g/t, 14.6g/t and 12.55g/t.”