• Rejigged deal will see embattled St Barbara sell flagship Leonora gold assets to Genesis Minerals for ~$600m in cash, shares
  • Deal “reflects the deterioration over recent months in both SBM’s financial and operational position”: Gavin Wendt
  • Chris Rutherglen from Gold Investor Research reinforces price target of US$2200-$2400 for this intermediate cycle

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

 

A rejigged deal will see embattled mid tier St Barbara (ASX:SBM) sell its flagship Leonora gold assets to Genesis Minerals (ASX:GMD) for ~$600m in cash and shares.

The previous deal announced in December would’ve seen a merger to create 300,000ozpa Leonora powerhouse ‘Hoover House’ (SBM 38%, GMD 41%, new cap raise 22%).

SBM’s struggling Atlantic (Canada) and Simberi (PNG) operations would be spun out into NewCo Phoenician Metals (SBM 80%, GMD 20%).

But a string of poor production numbers from SBM – one of the few miners not the rerate in the recent strong gold price environment – sent both companies back to the table.

The new deal is now a direct buyout of the Leonora assets by Raleigh Finlayson-led GMD, which will pay $370m cash and 147.8m GMD shares valued at $170m (based on GMD price of $1.15/sh) upfront.

SBM will receive an extra $60m shares if the 1.7Moz “pit without peer” Tower Hill deposit comes online in 2-3 years’ time.

SBM will own ~15% of GMD on completion, extinguish a bunch of debt, and keep 100% of 50,000ozpa Atlantic and 80,000ozpa Simberi.

It will also retain a cumulative $25m worth of shares in juniors Catalyst Metals, Kin Mining and Peel Mining.

Which seems like a pretty good deal, based on the recently downgraded guidance for Leonora of 130-135,000ozpa at *retracted* all in sustaining costs (AISC) due to “lower than anticipated mining rates and resource model underperformance”.

The ageing, 1.7km deep Gwalia was once SBM’s Leonora jewel and one of Australia’s best performing gold mines, but no longer. The (potentially eyewatering) retracted AISC will be released with March quarterly, due in the next week or so.

(Gwalia is almost 130 years old.  It was originally established 1896 as the Sons of Gwalia mine, with Herbert Hoover — who went on to become the 31st President of the United States —  on the record as its first mine manager.)

Meanwhile Atlantic and Simberi are doing better, with guidance maintained and AISC falling at both.

The new deal sees SBM shareholders receiving a reduced percentage of the combined Leonora assets, but this is largely offset by the $110m of additional cash, and 100% shareholding in the residual SBM business, outgoing SBM chair Tim Netscher says.

“The board believes the transaction value from the sale of the Leonora assets represents fair value for our shareholders, who will now own a well-capitalised, debt-free business, with a portfolio that has significant potential, and the people and resources in place to realise its true potential,” Netscher says.

“Simberi and Atlantic have combined 5.9Moz in Mineral Resources and 3.5Moz in Ore Reserves and provide a solid foundation for the business.”

“The exposure of St Barbara shareholders of up to ~19.5% of Genesis post acquisition (15.2% excluding contingent consideration), will also allow St Barbara’s shareholders to directly benefit from the combination of St Barbara’s and Genesis’ assets in the Leonora region,” he says.

A $470m cap placement has been launched by GMD to fund the acquisition at $1.15/sh. This is a 4.5% premium to the closing price of GMD shares, but marginally below the $1.20/sh, $275m offering announced late last year.

GMD has blazed a trail of acquisitions around Leonora since former Saracen MD Finlayson cornerstoned a $20m raise at 6c per share in September 2021 (this was prior to a 10 for 1 consolidation in October 2021).

The question now is whether GMD’s star-studded leadership team can turn these struggling operations around to create a leading Australian mid-tier.

In arvo trade GMD was trading up 10%, while SBM was down 5%.

GMD, SBM share price charts

 

Is this a good deal for shareholders? 

The deal reflects the deterioration over recent months in both SBM’s financial and operational position, says MineLife founding director & senior resource analyst Gavin Wendt.

“Genesis is now firmly calling the shots, and the deal is the best outcome for both sets of shareholders,” he told Stockhead.

RM Corporate finance director Guy Le Page says GMD’s purchase of  SBM’s Leonora operations is a master stroke in regional consolidation that will see an additional 1.4Mtpa in processing capacity for GMD with a pathway to 300Koz of gold per annum.

“I think this makes a lot more sense than a merger with SBM that would have seen second tier assets (Atlantic and Simberi) form part of the GMD portfolio (as well as significant integration costs). Hoover House may well have become the House of Pain for GMD,” he told Stockhead.

“SBM was looking over the cliff with high levels of gearing courtesy of $185 million in debt, negative cash flow of $60 million for the 1H FY 2023 and a monster $407 million loss mostly attributable to a non cash impairment of its Canadian gold operations at Atlantic.

“While Leonora represented about 40% of the value of SBM, the company avoids breaching its lending covenants and its shareholders will participate in around 15% of GMD. So SBM lives on, a little bruised and at considerable cost, however GMD will likely be perceived as the real winner in my view.”

 

How did other ASX gold stocks perform yesterday?

A rough day as the gold price came agonisingly close to record highs (~US$2070/oz) late last week before pulling back to US$2017/oz.

Most gold miners were down Monday, with Regis Resources (ASX:RRL) sinking 12% after a guidance update.

While full-year production guidance of between 450k–470koz is close to the previously predicted 450-500koz, AISC has ballooned from $1,525-$1,625/oz to $1,795-$1,845/oz.

Meanwhile, low cost producer Perseus Mining (ASX:PRU) says the advanced Meyas Sand gold project in northern Sudan is untouched by civil war in Sudan’s capital city Khartoum, 1000km away.

“We are monitoring the situation very carefully and are prepared to act if necessary,” managing director and CEO Jeff Quartermaine says.

To the end of February 2023, Perseus had invested ~US$23 million in MSGP, preparing for a possible Final Investment Decision (FID) on MSGP in the second half of CY2023.

That makes it a relatively small part of the PRU portfolio, which is centred on Ghana and Cote d’Ivoire, Quartermaine says.

“All of our gold production activities that currently deliver more than 500,000 ounces of gold per year at an AISC of less than US$1,000 per ounce, take place in West Africa, specifically, Ghana and Cote d’Ivoire which are not in any way impacted by the reported events,” he says.

“Perseus will publish our March 2023 Quarter report on Wednesday 19 April 2023, that will indicate that the company is in very good shape and continues to deliver material benefits to all of our stakeholders.”

RRL, PRU share price charts

 

Gold price is consolidating, US$2400/oz still the target

Over the weekend, Chris Rutherglen from Gold Investor Research reinforced his price target of US$2200-$2400 for this intermediate cycle.

“We expect the consolidation will continue until the next major catalyst event which is the FOMC announcement on May 3,” he says.

This could be the last rate hike of the cycle, Rutherglen says. Commentary in the Fed’s accompanying statement could send the gold price to all-time highs.

“During the prior interest rate cycle in 2019, the gold price was at the upper-edge of its consolidation range going into the June 19, 2019 FOMC announcement,” he says.

“Following this meeting, the gold price broke-out and entered its transition-phase towards the next consolidation level.

“Today we find the gold price similarly perched at the upper edge of its consolidation range with an important FOMC meeting 13 trading days away.

“Like in June 2019, this meeting could very well be the event that catalyses gold’s breakout move higher…”

 

Winners & Losers

Here’s how ASX-listed precious metals 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 MONDAY RETURN % 1 WEEK RETURN % YTD RETURN % 12 MONTH RETURN % PRICE MARKET CAP
POL Polymetals Resources 64% 55% 20% 146% 0.295 $8,132,885
TMB Tambourahmetals 29% 41% 14% -56% 0.12 $3,830,912
MCT Metalicity Limited 25% 25% -17% -57% 0.0025 $7,009,079
SI6 SI6 Metals Limited 20% 20% 0% -40% 0.006 $7,476,973
XAM Xanadu Mines Ltd 17% 35% 86% 93% 0.054 $75,339,913
GNM Great Northern 17% 17% -13% -42% 0.0035 $5,127,153
LRL Labyrinth Resources 15% 36% -12% -66% 0.015 $12,473,335
THR Thor Energy PLC 13% 13% -25% -72% 0.0045 $5,904,451
TGM Theta Gold Mines Ltd 11% 24% 29% -41% 0.088 $48,980,717
MBK Metal Bank Ltd 10% 7% -6% -51% 0.032 $8,018,080
AAJ Aruma Resources Ltd 10% 21% 62% -39% 0.086 $12,242,997
TTM Titan Minerals 10% 18% -3% -35% 0.065 $83,265,118
PNM Pacific Nickel Mines 10% 12% 20% -9% 0.1 $34,580,386
LEX Lefroy Exploration 10% 19% 10% -14% 0.285 $41,719,081
CPM Coopermetalslimited 9% 3% 53% -10% 0.36 $13,561,350
NAG Nagambie Resources 9% 4% -27% -4% 0.048 $23,570,527
GMD Genesis Minerals 8% 8% -5% -34% 1.19 $456,618,702
ADG Adelong Gold Limited 7% 36% 114% -57% 0.015 $7,473,512
LCY Legacy Iron Ore 7% -6% -16% -48% 0.016 $96,102,393
MRR Minrex Resources Ltd 6% -6% -47% -77% 0.017 $17,357,880
GTR Gti Energy Ltd 6% -6% -21% -64% 0.0085 $14,339,869
MVL Marvel Gold Limited 6% -6% -35% -62% 0.017 $11,281,510
GIB Gibb River Diamonds 6% 16% -13% -16% 0.052 $10,363,963
WWI West Wits Mining Ltd 6% 6% 13% -45% 0.018 $36,706,069
HRN Horizon Gold Ltd 6% 9% 19% -11% 0.37 $43,813,574
SLZ Sultan Resources Ltd 5% 5% -52% -74% 0.041 $4,028,091
GSR Greenstone Resources 5% -5% -34% -42% 0.021 $24,153,580
BEZ Besragoldinc 5% 27% 304% 238% 0.21 $70,772,378
PGO Pacgold 5% 0% 17% -41% 0.42 $21,984,726
SRN Surefire Rescs NL 5% 5% 92% 15% 0.023 $34,789,996
KTA Krakatoa Resources 5% 25% -22% -71% 0.0345 $11,375,427
SPQ Superior Resources 5% -15% -18% 15% 0.046 $74,853,698
HAW Hawthorn Resources 4% 4% -37% -44% 0.073 $23,451,093
MEG Megado Minerals Ltd 4% 17% 9% -75% 0.049 $6,723,611
RXL Rox Resources 4% 7% 129% -13% 0.4 $86,376,390
HRZ Horizon 3% 7% 2% -50% 0.062 $41,819,021
ENR Encounter Resources 3% 11% -14% 0% 0.155 $53,328,867
NXM Nexus Minerals Ltd 3% 3% -15% -51% 0.17 $53,699,796
EM2 Eagle Mountain 3% 17% 0% -62% 0.17 $50,319,532
MDI Middle Island Res 3% -6% -11% -74% 0.034 $4,039,801
MLS Metals Australia 3% -3% -12% -78% 0.039 $23,067,375
MEU Marmota Limited 3% 3% -19% -17% 0.039 $40,234,422
SMI Santana Minerals Ltd 3% -2% 22% 40% 0.8 $116,046,526
AZS Azure Minerals 2% 2% 93% 24% 0.435 $165,850,331
MI6 Minerals260Limited 2% 11% 35% -4% 0.46 $105,300,000
MKR Manuka Resources. 2% 8% 9% -69% 0.093 $45,754,939
GBR Greatbould Resources 2% 9% 8% -20% 0.098 $43,100,636
KAL Kalgoorliegoldmining 2% 0% -40% -69% 0.05 $3,798,530
BMO Bastion Minerals 2% -4% -26% -85% 0.025 $3,905,584
IDA Indiana Resources 2% 6% -7% -25% 0.051 $25,135,241
KRM Kingsrose Mining Ltd 1% 8% 5% -16% 0.068 $50,419,277
ANX Anax Metals Ltd 1% 1% 34% -35% 0.071 $28,657,638
NVA Nova Minerals Ltd 1% -20% -46% -57% 0.37 $76,974,768
ARL Ardea Resources Ltd 1% -5% -41% -78% 0.42 $71,173,650
BNR Bulletin Res Ltd 1% 3% -3% -59% 0.09 $26,129,608
CYL Catalyst Metals 1% 2% -14% -45% 1.02 $176,431,671
IGO IGO Limited 1% 11% 1% -3% 13.56 $10,170,106,729
LM8 Lunnonmetalslimited 1% 5% 32% -5% 1.18 $128,555,069
NPM Newpeak Metals 0% 0% 0% 0% 0.001 $9,145,132
ASO Aston Minerals Ltd 0% 0% 38% -29% 0.11 $122,620,403
FFX Firefinch Ltd 0% 0% 0% -49% 0.2 $236,569,315
G88 Golden Mile Res Ltd 0% 15% 13% -64% 0.023 $6,058,941
DCX Discovex Res Ltd 0% -25% 0% -61% 0.003 $9,907,704
NMR Native Mineral Res 0% 21% -64% -81% 0.04 $4,805,549
AQX Alice Queen Ltd 0% 50% -25% -79% 0.0015 $3,795,431
PNX PNX Metals Limited 0% 0% -29% -42% 0.003 $16,141,874
TMX Terrain Minerals 0% 9% 0% -33% 0.006 $6,499,196
SKY SKY Metals Ltd 0% 36% 25% -35% 0.06 $22,607,008
CST Castile Resources 0% 0% 5% -38% 0.1 $24,190,243
YRL Yandal Resources 0% 1% -5% -60% 0.093 $14,675,686
FAU First Au Ltd 0% 40% 75% -53% 0.007 $7,663,483
MOH Moho Resources 0% 0% -24% -71% 0.016 $3,322,595
BBX BBX Minerals Ltd 0% 1% -14% -25% 0.09 $45,514,933
PUA Peak Minerals Ltd 0% 25% -17% -71% 0.005 $5,206,883
SMS Starmineralslimited 0% 1% 1% -64% 0.073 $2,200,351
AAU Antilles Gold Ltd 0% 6% 23% -44% 0.037 $18,030,501
CWX Carawine Resources 0% 2% -5% -55% 0.095 $18,697,659
RND Rand Mining Ltd 0% 0% -2% -15% 1.33 $75,645,028
CAZ Cazaly Resources 0% 4% -18% -32% 0.028 $10,411,010
ZNC Zenith Minerals Ltd 0% 0% -43% -63% 0.15 $52,755,907
REZ Resourc & En Grp Ltd 0% 0% 0% -66% 0.016 $7,996,893
AM7 Arcadia Minerals 0% -14% -22% -41% 0.16 $7,471,663
SIH Sihayo Gold Limited 0% 0% 0% -60% 0.002 $12,204,256
AVM Advance Metals Ltd 0% 13% -10% -47% 0.009 $5,238,397
WRM White Rock Min Ltd 0% 0% -5% -70% 0.063 $17,508,200
ASR Asra Minerals Ltd 0% 0% -50% -63% 0.01 $14,671,187
M2R Miramar 0% 2% -44% -76% 0.045 $3,515,478
MHC Manhattan Corp Ltd 0% 0% -9% -64% 0.005 $14,681,393
TRY Troy Resources Ltd 0% 0% 0% 0% 0.0295 $62,920,961
CGN Crater Gold Min Ltd 0% 0% 0% 0% 0.014499 $17,965,037
SVG Savannah Goldfields 0% 6% -13% -25% 0.165 $31,159,992
GUL Gullewa Limited 0% 2% -7% -26% 0.056 $10,963,294
G50 Gold50Limited 0% -5% -20% -20% 0.2 $11,388,600
ADV Ardiden Ltd 0% 0% 14% -43% 0.008 $21,506,683
MTH Mithril Resources 0% 0% -43% -80% 0.002 $6,526,180
RMX Red Mount Min Ltd 0% -13% -30% -61% 0.0035 $7,951,479
KZR Kalamazoo Resources 0% 5% -19% -60% 0.17 $25,685,395
BCN Beacon Minerals 0% 6% 25% 0% 0.035 $131,486,886
MAU Magnetic Resources 0% 0% -21% -53% 0.68 $156,068,419
BYH Bryah Resources Ltd 0% -4% -8% -57% 0.024 $6,750,083
HCH Hot Chili Ltd 0% 3% 25% -33% 1.09 $130,195,275
ICL Iceni Gold 0% 1% -15% -38% 0.068 $8,717,357
AL8 Alderan Resource Ltd 0% 14% 14% -70% 0.008 $4,859,271
GMN Gold Mountain Ltd 0% 0% -57% -63% 0.003 $5,909,798
TBA Tombola Gold Ltd 0% 0% 0% -47% 0.026 $33,129,243
TBR Tribune Res Ltd 0% 5% 0% -18% 4.03 $211,446,350
RDN Raiden Resources Ltd 0% 32% 5% -65% 0.005 $8,272,912
KCC Kincora Copper 0% 1% -5% -37% 0.069 $8,228,958
DTM Dart Mining NL 0% 10% 36% -9% 0.075 $11,671,542
EMU EMU NL 0% 0% -59% -88% 0.002 $2,900,043
SFM Santa Fe Minerals 0% -2% -25% -50% 0.06 $4,369,127
X64 Ten Sixty Four Ltd 0% 0% -11% -37% 0.57 $130,184,182
BGD Bartongoldholdings 0% 0% 15% -8% 0.23 $19,856,612
KWR Kingwest Resources 0% -8% -6% -81% 0.033 $9,296,985
AGC AGC Ltd 0% -2% -10% -41% 0.054 $5,400,000
RVR Red River Resources 0% 0% 0% -70% 0.073 $37,847,908
RGL Riversgold 0% 0% -50% -80% 0.015 $14,182,016
TSO Tesoro Gold Ltd 0% -3% -22% -65% 0.028 $29,498,352
MM8 Medallion Metals. 0% -10% -16% -53% 0.13 $29,982,227
CBY Canterbury Resources 0% -3% -10% -43% 0.037 $5,347,371
LYN Lycaonresources 0% 0% -36% -61% 0.175 $5,760,781
TMZ Thomson Res Ltd 0% 0% -74% -90% 0.005 $4,349,755
TAM Tanami Gold NL 0% -10% -8% -40% 0.036 $42,303,494
WMC Wiluna Mining Corp 0% 0% 0% -74% 0.205 $74,238,031
NSM Northstaw 0% -13% -16% -54% 0.13 $15,616,510
GSN Great Southern 0% 10% -24% -61% 0.022 $14,597,154
BAT Battery Minerals Ltd 0% -20% 0% -56% 0.004 $11,740,969
RDS Redstone Resources 0% 0% 0% -33% 0.008 $5,894,659
KAU Kaiser Reef 0% 0% 9% -16% 0.18 $25,505,583
CXU Cauldron Energy Ltd 0% 0% 0% -57% 0.007 $6,520,981
ALY Alchemy Resource Ltd 0% -6% -35% -17% 0.015 $17,671,144
HXG Hexagon Energy 0% 8% -24% -72% 0.013 $6,667,907
AVW Avira Resources Ltd 0% 50% 0% -50% 0.003 $6,401,370
STK Strickland Metals 0% 19% 8% -33% 0.043 $66,861,937
SAU Southern Gold 0% -5% -16% -58% 0.021 $6,305,991
OZM Ozaurum Resources 0% -3% -11% -40% 0.059 $7,493,000
CHZ Chesser Resources 0% -6% -4% -34% 0.082 $48,265,311
ARN Aldoro Resources 0% -3% 9% -38% 0.175 $19,759,655
A8G Australasian Metals 0% -6% -16% -69% 0.16 $6,587,279
PUR Pursuit Minerals 0% 13% 13% -38% 0.018 $46,553,359
PKO Peako Limited 0% 0% -38% -47% 0.009 $4,236,583
ICG Inca Minerals Ltd 0% 0% -22% -85% 0.018 $8,703,261
A1G African Gold Ltd. 0% -8% -4% -45% 0.08 $13,544,897
OAU Ora Gold Limited 0% -20% -60% -81% 0.002 $7,873,850
BTR Brightstar Resources 0% -13% -18% -58% 0.014 $11,656,804
M24 Mamba Exploration 0% 9% -17% -11% 0.12 $7,318,001
TRM Truscott Mining Corp 0% 0% 15% -6% 0.047 $7,856,382
DEX Duke Exploration 0% 0% 0% -66% 0.053 $5,587,240
MOM Moab Minerals Ltd 0% 0% -22% -75% 0.007 $4,773,744
KNB Koonenberrygold 0% 0% -3% -37% 0.06 $4,545,387
USL Unico Silver Limited 0% -3% 0% -29% 0.17 $42,390,719
AYM Australia United Min 0% -25% 0% -57% 0.003 $5,527,732
ANL Amani Gold Ltd 0% 0% 0% -50% 0.001 $24,693,441
PNT Panthermetalsltd 0% 0% -44% -57% 0.105 $3,228,750
MEK Meeka Metals Limited 0% 4% -26% 4% 0.05 $53,380,447
FEG Far East Gold 0% -6% -40% -2% 0.29 $44,383,981
KIN KIN Min NL 0% -2% -32% -53% 0.044 $51,838,624
CLZ Classic Min Ltd 0% 0% -89% -99% 0.001 $3,093,095
ORN Orion Minerals Ltd 0% 0% 0% -38% 0.016 $87,452,173
SFR Sandfire Resources -1% 11% 29% 27% 7 $3,216,519,173
GRL Godolphin Resources -1% 17% -8% -46% 0.076 $9,055,263
CHN Chalice Mining Ltd -1% 4% 25% 8% 7.87 $2,985,226,248
ADT Adriatic Metals -1% 0% 17% 41% 3.67 $824,926,751
AAR Astral Resources NL -1% 8% 19% -13% 0.086 $57,890,668
DCN Dacian Gold Ltd -1% 5% -16% -72% 0.084 $103,428,080
AGG AngloGold Ashanti -1% 2% 37% 26% 8.08 $729,719,518
FAL Falconmetalsltd -1% 15% 39% 15% 0.39 $69,915,000
MZZ Matador Mining Ltd -1% -11% -37% -71% 0.073 $23,326,194
PDI Predictive Disc Ltd -1% 1% -1% -13% 0.1775 $322,293,368
CMM Capricorn Metals -1% 3% 6% 5% 4.87 $1,856,245,385
SSR SSR Mining Inc. -1% 2% 2% -28% 23.61 $439,905,361
TCG Turaco Gold Limited -1% -1% 17% -35% 0.068 $29,512,450
GML Gateway Mining -2% 4% -5% -53% 0.057 $15,447,345
AUC Ausgold Limited -2% 6% 13% -36% 0.053 $122,191,159
EVN Evolution Mining Ltd -2% 6% 20% -23% 3.57 $6,679,459,401
BRB Breaker Res NL -2% 7% 58% 68% 0.505 $168,344,323
MEI Meteoric Resources -2% 7% 131% 666% 0.1225 $216,766,511
CY5 Cygnus Metals Ltd -2% -2% -36% 53% 0.245 $46,781,053
ADN Andromeda Metals Ltd -2% -6% 7% -57% 0.047 $149,280,405
MGV Musgrave Minerals -2% 9% 12% -37% 0.235 $141,889,908
MAT Matsa Resources -2% -2% 16% -38% 0.043 $18,128,203
AQI Alicanto Min Ltd -2% -5% -2% -58% 0.042 $23,057,186
NCM Newcrest Mining -2% 3% 42% 3% 29.25 $26,791,152,731
MXR Maximus Resources -2% -7% 3% -51% 0.041 $13,400,342
FML Focus Minerals Ltd -2% 0% -22% -20% 0.2 $58,744,522
NWM Norwest Minerals -2% -7% -26% -33% 0.04 $10,142,220
VMC Venus Metals Cor Ltd -3% 3% 44% -3% 0.195 $35,615,737
NST Northern Star -3% 7% 29% 23% 14.04 $16,559,214,624
STN Saturn Metals -3% 0% 6% -55% 0.19 $29,551,962
ERM Emmerson Resources -3% 0% 0% -40% 0.075 $41,942,654
DRE Dreadnought Resources Ltd -3% 9% -30% 68% 0.074 $251,767,345
BM8 Battery Age Minerals -3% -3% -28% -28% 0.36 $27,460,720
PNR Pantoro Limited -3% 4% -27% -78% 0.07 $218,075,081
GAL Galileo Mining Ltd -3% -7% -20% 233% 0.7 $142,289,947
EMC Everest Metals Corp -3% -7% -15% -52% 0.067 $7,343,885
GMR Golden Rim Resources -3% -3% 6% -60% 0.033 $20,114,005
TUL Tulla Resources -3% 3% -1% -47% 0.33 $109,413,361
AME Alto Metals Limited -3% -13% -3% -23% 0.065 $41,058,637
BMR Ballymore Resources -3% 10% 7% -20% 0.16 $15,892,380
NML Navarre Minerals Ltd -3% -7% -24% -64% 0.031 $48,092,133
BC8 Black Cat Syndicate -3% 0% 28% -33% 0.455 $125,285,293
QML Qmines Limited -3% 0% -9% -47% 0.15 $13,982,400
HAV Havilah Resources -3% -5% -11% 51% 0.295 $96,574,959
AMI Aurelia Metals Ltd -3% -3% 12% -71% 0.14 $179,428,396
KCN Kingsgate Consolid. -3% 3% -11% -15% 1.535 $400,709,447
OKR Okapi Resources -4% 0% -10% -69% 0.135 $25,702,014
TLM Talisman Mining -4% -4% -4% -23% 0.135 $26,283,530
TG1 Techgen Metals Ltd -4% 36% -2% -43% 0.08 $5,337,824
RMS Ramelius Resources -4% 6% 56% -3% 1.455 $1,318,605,493
KSN Kingston Resources -4% 19% 54% -34% 0.125 $54,034,975
AUT Auteco Minerals -4% 6% -2% -38% 0.05 $120,267,488
SBR Sabre Resources -4% 2% -34% -64% 0.025 $7,578,641
GOR Gold Road Res Ltd -4% 1% 6% 6% 1.785 $2,005,863,787
IPT Impact Minerals -4% 15% 64% -15% 0.0115 $29,776,447
PRU Perseus Mining Ltd -4% 0% 13% 20% 2.385 $3,406,020,129
FG1 Flynngold -4% -6% -10% -45% 0.09 $9,670,112
DEG De Grey Mining -4% 3% 26% 19% 1.615 $2,638,372,086
EMR Emerald Res NL -5% 6% 42% 37% 1.68 $1,045,089,730
KAI Kairos Minerals Ltd -5% 5% -9% -32% 0.021 $43,210,057
MTC Metalstech Ltd -5% -5% -41% 5% 0.305 $56,785,469
SLR Silver Lake Resource -5% -1% 7% -43% 1.2675 $1,236,559,963
TIE Tietto Minerals -5% 2% 7% 43% 0.7525 $859,146,717
MKG Mako Gold -5% 0% 0% -55% 0.04 $19,809,357
PGD Peregrine Gold -5% -5% -4% -22% 0.37 $18,754,035
HMX Hammer Metals Ltd -5% -6% 35% -16% 0.092 $79,676,513
TAR Taruga Minerals -5% 13% -25% -22% 0.018 $13,414,509
DTR Dateline Resources -5% 6% -51% -87% 0.018 $12,232,572
SBM St Barbara Limited -5% -5% -21% -60% 0.61 $526,669,361
IVR Investigator Res Ltd -6% 29% 60% -11% 0.067 $102,038,787
RDT Red Dirt Metals Ltd -6% 17% -13% -31% 0.415 $195,847,296
CEL Challenger Exp Ltd -6% 0% -6% -51% 0.165 $183,163,465
SVL Silver Mines Limited -6% 7% 23% -4% 0.245 $365,045,107
GCY Gascoyne Res Ltd -6% -2% -27% -52% 0.1225 $90,172,954
BNZ Benzmining -6% -2% -2% -39% 0.4 $31,048,290
SVY Stavely Minerals Ltd -6% -6% -35% -61% 0.16 $55,466,532
ALK Alkane Resources Ltd -6% 9% 64% -31% 0.88 $559,871,074
BGL Bellevue Gold Ltd -6% 4% 26% 42% 1.42 $1,704,998,501
GED Golden Deeps -6% -6% -17% -58% 0.0075 $9,241,814
ARV Artemis Resources -6% 15% -40% -79% 0.015 $24,982,694
CLA Celsius Resource Ltd -6% -6% -6% -40% 0.015 $29,963,493
CDT Castle Minerals -6% -21% -29% -73% 0.015 $17,991,888
LCL Los Cerros Limited -7% -7% -51% -74% 0.028 $23,829,134
WGX Westgold Resources. -7% -1% 67% -22% 1.465 $743,587,686
SXG Southern Cross Gold -7% -1% -7% 0% 0.745 $71,860,772
WAF West African Res Ltd -7% 0% -14% -27% 1.015 $1,115,699,744
WA8 Warriedarresourltd -7% -7% -24% 0% 0.13 $60,348,234
AWJ Auric Mining -7% -19% -22% -39% 0.05 $7,066,418
OBM Ora Banda Mining Ltd -8% 13% 82% 205% 0.1525 $265,838,137
GSM Golden State Mining -8% 3% -19% -62% 0.035 $4,446,540
RED Red 5 Limited -8% -3% -15% -61% 0.175 $624,304,526
CDR Codrus Minerals Ltd -8% 35% -12% 19% 0.115 $5,053,750
RSG Resolute Mining -8% -2% 128% 29% 0.455 $1,053,858,252
SPD Southernpalladium -8% -9% -38% 0% 0.5 $23,477,688
PRX Prodigy Gold NL -8% -8% -8% -41% 0.011 $20,974,594
NAE New Age Exploration -8% -8% -21% -59% 0.0055 $8,615,393
VRC Volt Resources Ltd -8% 0% -27% -54% 0.011 $47,273,087
GBZ GBM Rsources Ltd -8% 14% -23% -73% 0.033 $20,273,781
CAI Calidus Resources -9% 13% -4% -75% 0.26 $125,271,989
VKA Viking Mines Ltd -9% 0% 0% -9% 0.01 $11,277,843
RML Resolution Minerals -9% -9% -38% -71% 0.005 $5,938,604
HMG Hamelingoldlimited -9% 5% -31% -38% 0.1 $12,100,000
S2R S2 Resources -9% 7% -15% -15% 0.145 $65,614,644
GWR GWR Group Ltd -10% 0% 29% -51% 0.076 $26,982,199
ZAG Zuleika Gold Ltd -11% 23% -24% -53% 0.016 $9,414,911
RRL Regis Resources -12% -3% 4% -10% 2.14 $1,827,162,739
SNG Siren Gold -12% 5% -40% -73% 0.11 $16,782,351
XTC Xantippe Res Ltd -13% -22% -30% -75% 0.0035 $42,320,399
MRZ Mont Royal Resources -13% -9% -43% -76% 0.1 $7,875,507
WCN White Cliff Min Ltd -15% 21% -39% -74% 0.0085 $7,840,544
CTO Citigold Corp Ltd -17% 0% -17% -41% 0.005 $17,241,955
NES Nelson Resources. -17% 0% -29% -73% 0.005 $3,531,566
PRS Prospech Limited -17% 62% 27% -25% 0.034 $4,163,279
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