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Gold Digger: Investors are stashing silvers bars, coins in record numbers

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  • Silver production downgraded as miners exit Russia
  • Unpredictability has seen investors flock to safe havens, like gold and silver bars and coins.
  • Weekly ASX standouts include Nova Minerals (ASX:NVA) and E2 Metals (ASX:E2M)

Our Gold Digger column wraps all the news driving ASX stocks with exposure to precious metals.

 

Russia is the equal 5th largest silver producer in the world — alongside Australia and Poland — producing 1,300t of the precious and industrial metal in 2021.

Metals Focus now says Russian production will remain flat in 2022 – a downward revision from initial forecasts – after the suspension of Toronto-based Kinross Gold’s Russian operations.

This mainly concerns their ‘Kupol’ mine, which produced 3.3Moz (~100t) silver in 2021.

While Russian mining operations have been increasingly well funded from within the country after sanctions were first imposed in 2014, these fresh sanctions will cut-off access to foreign-sourced financing.

This will make funding project development increasingly difficult, Metals Focus says.

 

Punters are stashing silvers bars under the bed

A world full of danger and unpredictability has seen investors flock to safe havens, like gold and silver bars and coins.

Metals Focus says western silver demand is already close to its record highs, with many coin and bar fabricators near full capacity.

Demand from major buyer India has jumped sharply, but still well below record highs.

“This year, we expect global physical investment to hold close to 2021’s elevated total,” Metals Focus says.

“Even so, it will still be well below 2015’s record high (in our series). This suggests scope to see higher bar and coin sales this year.”

 

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 reuben@stockhead.com.au

Code Company % Week % Month % Six Month % Year Price Market Cap
MRR Minrex Resources -2% -14% 229% 143% 0.056 $48,541,221.30
NPM Newpeak Metals 0% 0% -50% -60% 0.001 $8,849,750.03
ASO Aston Minerals -9% -6% 15% 100% 0.15 $147,900,601.50
MTC Metalstech 30% 0% -20% 68% 0.26 $42,499,470.45
FFX Firefinch 13% 28% 32% 273% 0.8575 $977,853,046.00
GED Golden Deeps -10% -18% -18% -10% 0.009 $6,982,662.96
G88 Golden Mile Res 3% 15% 21% 21% 0.063 $10,900,154.66
DCX Discovex Res 0% 0% 80% 29% 0.009 $23,117,976.68
NMR Native Mineral Res -12% -24% -14% -24% 0.21 $9,266,972.40
AQX Alice Queen 7% 0% -27% -68% 0.008 $12,262,784.08
SLZ Sultan Resources -3% 3% 0% -14% 0.16 $13,325,502.24
MKG Mako Gold 4% 9% -6% -10% 0.094 $34,019,502.58
KSN Kingston Resources -6% -11% -20% -30% 0.16 $61,915,415.85
AMI Aurelia Metals 1% 4% 37% 16% 0.4575 $569,045,970.22
PNX PNX Metals Limited 0% 0% -26% -26% 0.005 $22,220,289.04
GIB Gibb River Diamonds 0% -12% -22% -30% 0.06 $12,902,076.15
KCN Kingsgate Consolid. -8% -1% 51% 70% 1.435 $309,848,634.20
TMX Terrain Minerals 0% -13% -22% -30% 0.007 $5,150,327.06
BNR Bulletin Res -2% -18% 94% 110% 0.1475 $39,978,387.40
NXM Nexus Minerals 4% 16% 19% 326% 0.405 $118,766,967.71
SKY SKY Metals -3% -15% -12% -51% 0.078 $29,389,110.66
LM8 Lunnonmetalslimited -6% 11% 71% 0% 0.94 $68,691,985.76
CST Castile Resources 0% -11% -23% -19% 0.17 $33,950,720.57
YRL Yandal Resources 0% -11% -51% -46% 0.25 $29,022,888.25
FAU First Au 0% -10% -31% -44% 0.009 $7,055,198.54
ARL Ardea Resources 33% 32% 139% 112% 1.05 $164,451,638.84
GWR GWR Group -9% -9% 4% -45% 0.145 $48,182,498.25
AGG AngloGold Ashanti -4% 10% 55% 12% 6.47 $588,771,249.00
IVR Investigator Res -3% 18% 11% -19% 0.071 $93,261,955.99
GTR Gti Resources 27% 33% -34% 31% 0.028 $24,833,187.02
IPT Impact Minerals -25% -14% -8% -50% 0.012 $24,095,077.45
BNZ Benzmining 3% 0% -22% -20% 0.61 $30,793,573.20
MOH Moho Resources 27% 6% -12% -32% 0.057 $7,417,335.56
BBX BBX Minerals 19% 10% -24% -40% 0.16 $64,403,006.50
PUA Peak Minerals 4% -4% -17% -39% 0.0125 $12,496,449.01
MRZ Mont Royal Resources -8% -6% -13% 9% 0.29 $17,417,386.53
SMS Starmineralslimited 0% 24% 0% 0% 0.21 $5,512,500.00
MVL Marvel Gold Limited 2% -11% -16% 2% 0.047 $27,585,841.98
PRX Prodigy Gold NL 0% -4% -34% -33% 0.027 $15,148,317.76
AAU Antilles Gold 1% -10% -4% -17% 0.079 $23,104,377.04
CWX Carawine Resources 0% 43% 8% -23% 0.215 $29,289,798.74
RND Rand Mining 0% 9% 3% 1% 1.565 $88,157,739.55
CAZ Cazaly Resources 2% -2% -7% 0% 0.042 $14,832,871.72
BMR Ballymore Resources 0% -3% -43% 0% 0.165 $12,123,883.37
DRE Dreadnought Resources 3% -2% 0% 122% 0.04 $110,708,658.49
ZNC Zenith Minerals -1% -4% 37% 168% 0.335 $108,329,808.83
REZ Resourc & En Grp -4% -16% -14% -4% 0.0385 $19,492,425.77
LEX Lefroy Exploration 2% 8% -17% -46% 0.325 $46,679,893.76
ERM Emmerson Resources 8% 4% 91% 76% 0.13 $64,911,403.57
AM7 Arcadia Minerals -2% -10% -13% 0% 0.225 $7,698,350.00
ADT Adriatic Metals 2% -5% -28% 3% 2.22 $459,022,139.40
GMR Golden Rim Resources -11% -20% -25% -34% 0.079 $18,939,280.21
CYL Catalyst Metals 1% -7% -6% -14% 1.76 $170,328,400.79
CHN Chalice Mining -10% -4% -2% 56% 7.03 $2,510,015,961.18
KAL Kalgoorliegoldmining 3% 3% 0% 0% 0.16 $11,589,536.00
MLS Metals Australia 6% 81% 90% 90% 0.076 $26,782,679.03
ADN Andromeda Metals -8% 6% 19% -57% 0.185 $565,249,517.63
MEI Meteoric Resources 15% -6% -50% -78% 0.015 $21,368,163.19
SRN Surefire Rescs NL -7% -13% -7% -43% 0.013 $14,665,532.82
SIH Sihayo Gold Limited -7% -19% -35% -54% 0.0065 $23,955,499.18
AWV Anova Metals -11% -11% -20% -33% 0.016 $22,929,507.20
HMX Hammer Metals 9% 31% 38% 5% 0.105 $85,574,435.42
WCN White Cliff Min -4% -13% 108% 54% 0.027 $17,566,912.77
PAK Pacific American Hld 0% -12% -17% -23% 0.015 $7,168,161.03
WRM White Rock Min 3% 3% -25% -66% 0.205 $31,538,028.20
TNR Torian Resources -7% -7% -24% -54% 0.026 $37,519,322.96
MCT Metalicity Limited 0% 0% -30% -53% 0.007 $15,290,019.46
AME Alto Metals Limited 8% 16% 27% 28% 0.1 $48,579,451.10
CTO Citigold Corp -11% -11% -20% -38% 0.008 $24,086,102.27
TIE Tietto Minerals 4% 1% 80% 57% 0.595 $440,182,182.60
SMI Santana Minerals 2% 22% 409% 300% 0.56 $72,950,508.40
M2R Miramar -3% -6% -11% -28% 0.17 $9,215,778.70
MHC Manhattan Corp 8% -13% -7% -22% 0.014 $21,367,901.70
GRL Godolphin Resources 12% 16% -9% -28% 0.145 $12,616,705.65
TRY Troy Resources 0% 0% 0% -49% 0.037 $31,631,563.33
KGM Kalnorth Gold 0% 0% 0% 0% 0.013 $11,625,120.78
CGN Crater Gold Min 0% 0% 0% -15% 0.017 $21,063,473.65
LNY Laneway Res 14% -11% 25% 14% 0.006 $28,359,065.60
TSC Twenty Seven Co. 0% 0% -33% -38% 0.004 $10,643,255.62
GUL Gullewa Limited 0% -6% -28% -11% 0.068 $12,945,370.80
CY5 Cygnus Gold Limited 0% -8% 36% 13% 0.17 $20,057,503.55
G50 Gold50Limited -4% -7% 2% 0% 0.25 $14,004,500.25
ADV Ardiden 4% 4% -10% -29% 0.0135 $34,588,350.63
AAR Anglo Australian -5% -9% 17% 8% 0.105 $65,579,716.29
MGV Musgrave Minerals 5% 6% 21% 5% 0.345 $179,952,937.92
AGS Alliance Resources 0% 33% 19% 0% 0.18 $42,123,546.54
VMC Venus Metals Cor -5% -10% 0% -10% 0.175 $26,438,769.53
NAE New Age Exploration 0% -20% -8% -8% 0.012 $17,230,786.92
VKA Viking Mines -13% -29% -41% -76% 0.01 $11,277,842.74
LCL Los Cerros Limited 5% -4% -12% -15% 0.115 $70,253,299.05
MTH Mithril Resources -8% -8% -20% -43% 0.012 $29,672,679.97
DDD 3D Resources Limited 0% 0% -25% -40% 0.003 $12,541,116.28
RMX Red Mount Min 6% -15% -19% -23% 0.0085 $13,960,092.79
PRS Prospech Limited 0% -9% -43% -63% 0.048 $3,128,688.24
XTC Xantippe Res 0% -40% 200% 200% 0.006 $47,771,271.13
TTM Titan Minerals 3% -13% -23% -9% 0.1 $148,020,655.97
NML Navarre Minerals 0% 9% 16% -39% 0.1 $131,008,526.59
RXL Rox Resources 0% -7% -4% -28% 0.4 $67,576,378.80
MZZ Matador Mining -5% -10% -25% -13% 0.275 $57,510,168.83
KZR Kalamazoo Resources 0% -8% -22% -38% 0.29 $42,106,368.46
BCN Beacon Minerals -3% 0% 9% -5% 0.035 $122,109,469.73
MAU Magnetic Resources 2% 1% -13% -9% 1.455 $325,297,087.55
BC8 Black Cat Syndicate 2% -3% 5% -13% 0.58 $78,992,374.16
EM2 Eagle Mountain -6% -17% -37% 8% 0.52 $120,541,356.60
EMR Emerald Res NL -3% -3% 26% 34% 1.07 $570,027,091.42
BYH Bryah Resources 13% -7% -12% -14% 0.051 $11,310,358.75
HCH Hot Chili -2% -5% -34% -45% 1.35 $147,637,701.26
WAF West African Res 1% 7% 32% 47% 1.285 $1,276,178,731.25
MEU Marmota Limited 2% 0% -10% 2% 0.045 $44,103,659.22
NVA Nova Minerals 30% -22% -53% -58% 0.7 $109,923,393.85
DCN Dacian Gold -2% 26% 14% -36% 0.245 $260,418,495.12
SVL Silver Mines Limited 0% 22% 25% 4% 0.25 $316,498,875.04
PGD Peregrine Gold -8% -26% 21% 0% 0.46 $17,566,251.38
ICL Iceni Gold -12% -12% -50% 0% 0.115 $15,383,571.36
FG1 Flynngold -13% -13% -7% 0% 0.14 $8,968,547.00
WWI West Wits Mining -5% -16% -33% -63% 0.036 $66,176,368.60
RML Resolution Minerals 6% -15% -23% -32% 0.017 $11,192,232.18
AAJ Aruma Resources 4% -19% -8% 55% 0.085 $13,341,727.76
AL8 Alderan Resource -5% -13% -59% -72% 0.02 $8,085,755.52
GMN Gold Mountain 0% -23% -52% -73% 0.01 $9,631,342.53
MEG Megado -7% -8% -19% -55% 0.079 $3,400,855.04
HMG Hamelingoldlimited -11% -11% 0% 0% 0.155 $17,050,000.00
HMG Hamelingoldlimited -11% -11% 0% 0% 0.155 $17,050,000.00
TBA Tombola Gold 3% 19% -5% -24% 0.037 $32,548,737.16
DGO DGO Gold Limited 5% 7% -6% -12% 2.67 $217,875,262.32
PF1 Pathfinder Resources 0% -1% 17% 86% 0.41 $20,717,193.90
TBR Tribune Res -3% 0% -9% -11% 4.68 $245,550,600.36
FML Focus Minerals 0% -7% 6% -15% 0.255 $73,072,454.48
GSR Greenstone Resources 8% 3% 43% 90% 0.04 $36,658,147.56
VRC Volt Resources -20% -43% -66% -37% 0.012 $34,363,842.22
ARV Artemis Resources -4% -6% -22% -20% 0.065 $87,464,851.99
HRN Horizon Gold 0% 0% 23% -12% 0.43 $45,877,566.88
CLA Celsius Resource 3% -24% -27% -54% 0.0205 $23,207,849.59
QML Qmines Limited -6% -12% -26% 0% 0.25 $16,297,811.36
RDN Raiden Resources -44% -44% -63% -60% 0.01 $13,753,273.04
TCG Turaco Gold Limited 5% -8% 0% 83% 0.11 $48,118,125.26
KCC Kincora Copper 7% 16% -22% 0% 0.145 $10,612,712.26
GBZ GBM Rsources 4% 0% 8% 30% 0.13 $63,854,249.25
DTM Dart Mining NL 0% -7% -33% -53% 0.08 $9,959,274.40
MKR Manuka Resources. -3% -14% -10% -26% 0.28 $32,788,770.63
AUC Ausgold Limited 2% 4% 23% -9% 0.049 $88,793,571.29
ANX Anax Metals -5% -5% -22% 25% 0.086 $34,837,249.92
EMU EMU NL -5% 6% -41% -67% 0.019 $9,896,660.71
SFM Santa Fe Minerals -6% -18% 72% 60% 0.16 $12,379,194.13
SSR SSR Mining Inc. 1% 21% 38% 43% 29.06 $570,646,719.54
PNR Pantoro Limited -13% -3% 34% 44% 0.295 $408,812,196.12
CMM Capricorn Metals 1% 8% 78% 150% 3.955 $1,426,868,862.72
MML Medusa Mining 8% 15% 12% 3% 0.9 $197,182,200.37
SI6 SI6 Metals Limited 0% -9% -17% -47% 0.01 $14,281,439.85
HAW Hawthorn Resources -6% -13% 67% 11% 0.08 $26,681,249.04
BGD Bartongoldholdings 2% 0% 53% 0% 0.26 $21,459,999.00
SVY Stavely Minerals -5% -13% -5% -42% 0.41 $106,994,195.32
KWR Kingwest Resources 6% -11% 26% 26% 0.17 $40,090,549.13
AGC AGC 1% -9% -32% -49% 0.089 $6,027,728.28
AGC AGC 1% -9% -32% -49% 0.089 $6,027,728.28
RVR Red River Resources -6% 7% 35% -4% 0.23 $116,654,509.80
RGL Riversgold 9% 68% 28% -23% 0.037 $14,545,519.06
TSO Tesoro Resources 2% 13% -22% -61% 0.0815 $54,811,733.63
OKR Okapi Resources -6% 5% -55% 69% 0.305 $34,541,306.04
CPM Coopermetalslimited -17% -36% 0% 0% 0.38 $11,078,200.00
MM8 Medallion Metals. -2% 14% 9% 0% 0.25 $27,570,310.56
TRN Torrens Mining -2% -15% -18% -15% 0.14 $9,928,091.32
AUT Auteco Minerals -4% -12% -8% -15% 0.074 $148,457,241.26
CBY Canterbury Resources 25% 1% -29% -32% 0.075 $9,239,889.75
LYN Lycaonresources 17% 8% 0% 0% 0.41 $11,671,875.00
SFR Sandfire Resources -4% -27% -8% -1% 5.345 $2,177,003,851.83
NCM Newcrest Mining -4% 9% 9% 7% 25.94 $23,366,689,436.86
TMZ Thomson Res -5% -18% -51% -61% 0.054 $30,821,095.19
TAM Tanami Gold NL -7% -3% -24% -33% 0.056 $64,630,337.53
WMC Wiluna Mining Corp 0% -12% -7% -11% 0.95 $200,749,197.75
NWM Norwest Minerals -5% 15% -11% -15% 0.063 $11,739,480.16
ALK Alkane Resources -3% 26% 40% 46% 1.08 $628,340,508.10
BMO Bastion Minerals -13% -3% -39% -15% 0.165 $12,907,974.20
IDA Indiana Resources 3% -3% -3% -24% 0.06 $26,370,649.26
GSM Golden State Mining -4% -16% -44% -48% 0.075 $6,231,598.88
NSM Northstaw 0% 0% -6% -30% 0.3 $12,038,100.00
GSN Great Southern -6% -4% -2% -11% 0.051 $26,618,354.30
RED Red 5 Limited -2% 20% 71% 98% 0.3675 $860,071,637.98
DEG De Grey Mining -9% 8% 29% 22% 1.3 $1,817,408,147.25
THR Thor Mining PLC 4% -9% -34% 12% 0.0145 $13,070,380.30
CDR Codrus Minerals 0% -15% -33% 0% 0.11 $4,400,000.00
MDI Middle Island Res -8% -19% 17% -58% 0.11 $13,466,004.42
BAT Battery Minerals 0% -10% -40% -68% 0.009 $21,127,181.14
POL Polymetals Resources 0% -11% -11% 0% 0.12 $4,806,787.92
OKU Oklo Resources -5% -21% -28% -50% 0.087 $44,395,690.15
RDS Redstone Resources 11% -17% -17% -23% 0.01 $6,631,491.56
NAG Nagambie Resources 0% 4% -32% -12% 0.052 $26,683,600.22
BGL Bellevue Gold -4% 0% 13% 13% 0.925 $933,394,471.84
GBR Greatbould Resources 7% 0% -9% 297% 0.155 $55,371,550.40
KAI Kairos Minerals 4% 0% -22% -7% 0.025 $47,090,243.78
KAU Kaiser Reef -2% -5% -11% -44% 0.2 $26,541,496.37
HRZ Horizon 0% -8% 5% 15% 0.115 $68,157,024.00
CAI Calidus Resources 8% 35% 59% 100% 0.92 $356,032,852.08
CDT Castle Minerals 4% -2% 279% 382% 0.053 $50,974,142.18
RSG Resolute Mining 10% 16% -22% -45% 0.3475 $369,817,059.20
MXR Maximus Resources 0% -2% -41% -34% 0.065 $20,981,780.69
EVN Evolution Mining 2% 10% 19% 12% 4.505 $8,156,884,189.35
AXE Archer Materials -3% -7% -51% -4% 0.95 $232,713,174.58
CXU Cauldron Energy -10% -14% -54% -53% 0.019 $8,843,285.34
RDT Red Dirt Metals 16% 6% 124% 245% 0.57 $154,032,363.52
ALY Alchemy Resource 8% 4% -11% -11% 0.013 $12,380,483.57
HXG Hexagon Energy -11% -7% -39% -51% 0.051 $22,320,961.65
OBM Ora Banda Mining 2% -12% -48% -78% 0.05 $61,589,149.35
SLR Silver Lake Resource 4% 21% 60% 37% 2.145 $1,934,751,418.08
VAN Vango Mining -8% -5% -45% -56% 0.035 $42,837,879.49
AVW Avira Resources 20% 0% 0% -14% 0.006 $12,712,740.00
LCY Legacy Iron Ore -5% 6% 36% 27% 0.019 $128,136,523.98
PDI Predictive Disc -5% -5% 55% 202% 0.2175 $302,373,980.04
BRV Big River Gold 2% -3% -3% -30% 0.29 $61,659,266.20
MAT Matsa Resources 0% -2% 5% -28% 0.062 $21,537,277.20
ZAG Zuleika Gold -3% -9% 23% -20% 0.032 $13,234,987.94
GML Gateway Mining 0% -8% -20% -59% 0.012 $29,381,382.77
BDC Bardoc Gold 0% 8% 48% 20% 0.54 $155,537,314.86
SBM St Barbara Limited -4% 4% 9% -23% 1.53 $1,085,576,384.97
SBR Sabre Resources -17% 0% 0% 25% 0.005 $10,174,068.25
STK Strickland Metals -10% -5% 13% 163% 0.054 $70,391,172.50
SAU Southern Gold -7% -12% -20% -34% 0.053 $11,733,081.58
CEL Challenger Exp -6% 6% 10% 3% 0.33 $339,404,848.36
LRL Labyrinth Resources 16% 5% 0% 38% 0.044 $35,808,036.96
NST Northern Star -2% 12% 14% 17% 10.59 $12,228,417,589.50
OZM Ozaurum Resources 0% -8% -27% -39% 0.11 $6,293,760.00
TG1 Techgen Metals 15% 0% -41% 0% 0.115 $4,789,638.26
XAM Xanadu Mines 12% 0% -22% -43% 0.029 $37,952,140.68
CHZ Chesser Resources 9% 9% -11% -29% 0.12 $51,687,351.54
AQI Alicanto Min -5% -5% -23% -23% 0.1 $37,888,648.08
KTA Krakatoa Resources 7% -6% -41% -31% 0.044 $12,967,236.35
ARN Aldoro Resources -4% -16% -27% 61% 0.33 $30,062,427.32
WGX Westgold Resources. -22% -9% 13% -6% 1.905 $819,080,119.55
MBK Metal Bank 0% 0% -37% -43% 0.006 $15,646,908.96
A8G Australasian Metals -5% -15% 18% 0% 0.455 $17,675,017.36
TAR Taruga Minerals -9% -15% -45% -42% 0.029 $16,591,445.98
DTR Dateline Resources 1% 5% 2% 20% 0.09 $39,851,789.71
GOR Gold Road Res -8% 15% 25% 44% 1.6675 $1,429,441,256.52
S2R S2 Resources -3% -15% 72% -3% 0.17 $60,583,725.35
NES Nelson Resources. 5% -4% -48% -81% 0.023 $6,768,719.77
TLM Talisman Mining 8% 1% 18% 97% 0.1775 $31,915,714.49
BEZ Besragoldinc -5% -19% 0% 0% 0.073 $13,747,996.80
PRU Perseus Mining 1% 20% 29% 61% 1.925 $2,319,204,791.60
SPQ Superior Resources 21% 19% 292% 308% 0.051 $83,359,800.48
PUR Pursuit Minerals -5% -17% -63% -72% 0.019 $18,910,983.88
RMS Ramelius Resources -3% 7% 10% 2% 1.55 $1,309,751,514.59
PKO Peako Limited -6% -16% -47% -36% 0.016 $4,935,265.62
ICG Inca Minerals 1% -6% -29% -1% 0.099 $45,715,106.56
A1G African Gold . -7% -15% -24% -13% 0.195 $23,285,013.96
AZL Arizona Lithium 11% 15% 278% 331% 0.155 $269,698,471.43
OAU Ora Gold Limited -6% -11% -1% -30% 0.016 $17,684,020.24
GNM Great Northern -8% -8% -39% -45% 0.0055 $9,399,780.37
KRM Kingsrose Mining 3% 7% 58% 69% 0.076 $56,964,015.44
BTR Brightstar Resources 0% -3% -12% -38% 0.029 $15,312,104.33
RRL Regis Resources -2% 6% 2% -25% 2.105 $1,577,482,462.82
M24 Mamba Exploration 3% -18% -30% -46% 0.155 $6,537,125.47
TRM Truscott Mining Corp 0% 0% 3% 52% 0.032 $4,862,129.41
DEX Duke Exploration -8% 9% -21% -43% 0.185 $16,689,063.12
DLC Delecta Limited 0% 0% -35% 57% 0.011 $13,253,995.76
KNB Koonenberrygold -5% -37% 0% 0% 0.095 $7,081,756.19
AWJ Auric Mining 5% -11% -36% -46% 0.089 $4,990,172.77
AZS Azure Minerals -3% -8% 4% 10% 0.37 $114,972,216.77
ENR Encounter Resources 3% 3% -32% 7% 0.15 $47,522,523.90
SNG Siren Gold 18% 14% 18% -24% 0.29 $24,487,577.67
STN Saturn Metals -4% -11% -4% 6% 0.375 $48,285,020.72
E2M E2 Metals 15% 3% -18% -29% 0.2425 $30,846,598.67
PNM Pacific Nickel Mines -12% 5% 53% 93% 0.11 $31,177,556.74
AYM Australia United Min 0% -14% -40% -33% 0.006 $11,055,464.91
BRB Breaker Res NL 0% -2% -9% 22% 0.25 $78,201,822.96
ANL Amani Gold 0% 33% 0% 0% 0.002 $22,933,441.13
GCY Gascoyne Res -1% 29% 6% -42% 0.335 $118,524,999.04
HAV Havilah Resources -5% -3% -17% -17% 0.175 $54,216,182.48
GCY Gascoyne Res -1% 29% 6% -42% 0.335 $118,524,999.04
OGC OceanaGold Corp. 6% 29% 20% 51% 3.03 $203,898,788.30
PNT Panthermetals 2% 7% 0% 0% 0.235 $6,580,000.00
MEK Meeka Gold Limited -2% 0% -10% 16% 0.05 $42,337,722.19
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Weekly Small Cap Standouts

NOVA MINERALS (ASX:NVA)

The gold-lithium stock has partially bounced back after a late Feb gold project scoping study was punished by investors.

The bulk tonnage 200,000ozpa open pit operation at the low grade 9.6Moz ‘Estelle’ project in Alaska would have average all in sustaining costs of $US1,120/oz ($1,518/oz Aussie) and eyewatering start-up costs of $US424m ($575m Aussie).

NVA is currently planning a drilling program at the higher grade ’RPM’ target “to deliver a higher average mill feed grade and substantially increase and improve the gold production profile over the life of the project”.

Its majority owned company (~57%) Snow Lake Lithium (Nasdaq:LITM) seems to be doing better.

Drilling is now underway to expand the existing defined resource at Snow lake and identify additional outside targets for further development.

“Initial indications suggest that these goals have been achieved and improved upon,” NVA said March 10.


E2 METALS (ASX:E2M)

Billionaire investor Eric Sprott will emerge as a major shareholder in the hard-drilling gold-silver explorer after he cornerstoned an $8.5m placement.

E2M’s main game is the ‘Conserrat’ gold-silver project in Argentina, where it is hunting giant deposits like AngloGold Ashanti’s nearby 8.9Moz gold, 137Moz silver ‘Cerro Vanguardia’ mine.

Prior to E2 beginning work in August 2019, Conserrat had never been drilled or subject to systematic modern exploration.

Subsequent exploration by E2 has returned several ‘blind’ discoveries, most notably Malvina, where hits include 14m at 8.7gpt gold, 2541gpt silver; Mia (18m at 49gpt gold, 207gpt silver), and ‘Andrea Sur’ (16m at 15gpt gold, 22gpt silver).

“We are excited to welcome Eric Sprott as a major shareholder of E2,” MD Todd Williams says.

“These funds will be used for drilling at Conserrat to further unlock this new and emerging gold and silver district, as well as an inaugural drill program at the exciting El Rosillo gold project where surface work has uncovered high-grade surface mineralisation.

“The placement strengthens the register and introduces a number of high-quality mining specialist institutional investors, validating the value inherent in the company’s projects and investment proposition of E2.”

Categories: Mining

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