Ignoring the March 2020 ‘flash crash’, the last time the share price of Australia largest gold miner Newcrest (ASX:NCM) was this low was December 2019, when gold was selling for $US1,510/oz.

Northern Star (ASX:NST) – Australia’s second largest — has not been at this level since May 2019, when gold was just $US1,280/oz.

The rest of Australia’s golden mid-tier tell a similar story. Over this time costs have risen, but so have production and earnings.

Just cast your eye over this quick Northern Star comparison:

 

MARCH QUARTER 2019

  • Gold sold: 185,296oz at an AISC of A$1,369/oz (US$975/oz)
  • Realised price: A$1,779/oz
  • Quarterly operating cash flow: A$63M

 

DECEMBER QUARTER 2021

  • Gold sold: 392,655oz at an AISC of A$1,631/oz (US$1,191/oz)
  • Realised price: A$2,429/oz
  • Quarterly operating cash flow: A$325M

 

Gold steadied after last week’s plunge to be US$1,806/oz (A$2,528/oz) at time of writing on Friday, February 4.

RBC Capital Markets’ mining analyst Alex Barkley has an ‘Outperform’ rating on NST, with a price target of A$12.50 per share – a massive 47% jump on current levels.

While NST’s Dec Quarter came in slightly below Goldman Sachs estimates, analyst Matthew Frydman maintained a ‘Buy’ rating, “with NST trading at a discount to valuation (0.78xNAV vs. North American peers at 1.3xNAV) while offering high-returning organic growth and supportive FCF [free cash flow]”.

Frydman has a 12-month price target of A$12.40.

 

‘Extremely cheap relative to the broad market’

While inflation expectations impact gold prices, there are other factors at play. Natural resources investors Goehring and Rozencwajg say sector-related equities more generally experienced three distinct periods of outperformance over the past century.

One period was associated with intense inflation, one period was associated with crippling deflation, and one period was associated with neither inflation nor deflation, it says.

So what did all three periods have in common?

“Ahead of each natural resource bull market (in 1929, 1969, 1999 and 2020), commodity prices were extremely cheap relative to the broad market,” it says.

“We compared the price of commodities to the Dow Jones Industrial Average (the analysis is the same with the S&P 500) going back to 1900 and realized that when commodities become radically undervalued, they tended to massively outperform.”

Guess what? The S&P 500 to gold ratio – how many ounces of gold it would take to buy the S&P 500 – is now close to its highest point since late 2005:

“To be clear, we firmly believe inflation will not prove transitory this cycle – too much money and credit has been created over the past decade,” Goehring and Rozencwajg says.

“However, judging by history, inflation is not in and of itself necessary for a natural resource equity bull market. Instead, the best predictor is deep value – no surprise to a contrarian value investor.”

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 % Week % Month % Six Month % Year Price Market Cap
CDT Castle Minerals 69% 110% 369% 578% 0.061 $52,965,266.50
CPM Coopermetalslimited 58% 116% 0% 0% 0.465 $9,862,300.00
NPM Newpeak Metals 50% -25% 50% -50% 0.0015 $7,649,750.03
ANL Amani Gold Ltd 50% 0% 50% 50% 0.0015 $34,400,161.69
DCX Discovex Res Ltd 40% 8% 180% 56% 0.014 $25,686,640.76
THR Thor Mining PLC 36% 25% 0% -12% 0.015 $11,897,043.15
XTC Xantippe Res Ltd 31% 110% 425% 425% 0.0105 $57,785,810.49
SMI Santana Minerals Ltd 31% 12% 245% 130% 0.38 $49,075,796.56
BNR Bulletin Res Ltd 30% 64% 110% 60% 0.12 $33,306,909.24
BNZ Benzmining 28% 8% -15% -44% 0.705 $35,991,128.60
DRE Drednought Resources 24% 0% -5% 78% 0.041 $113,547,342.04
TIE Tietto Minerals 24% 19% 69% 49% 0.59 $387,253,964.34
ARL Ardea Resources Ltd 23% 57% 51% 65% 0.72 $93,016,246.73
NAE New Age Exploration 23% 33% 45% 33% 0.016 $22,974,382.56
OKR Okapi Resources 23% -6% -28% 63% 0.325 $39,224,872.96
VRC Volt Resources Ltd 22% -21% -15% 16% 0.022 $56,201,820.26
KAL Kalgoorliegoldmining 21% 17% 0% 0% 0.17 $12,313,882.00
ADV Ardiden Ltd 21% 42% 113% -26% 0.017 $36,861,701.05
GSN Great Southern 20% -23% -4% -37% 0.053 $27,150,721.39
WCN White Cliff Min Ltd 20% 50% 85% 14% 0.024 $13,050,320.78
AXE Archer Materials 19% 0% -28% 66% 1.13 $274,799,599.77
MRR Minrex Resources Ltd 18% 51% 261% 132% 0.065 $46,926,435.32
GMD Genesis Minerals 18% 2% 125% 122% 1.68 $418,073,783.82
AUT Auteco Minerals 17% 21% -23% -20% 0.088 $155,312,462.11
ARN Aldoro Resources 17% -10% -29% 79% 0.375 $32,197,892.04
HMX Hammer Metals Ltd 17% 3% -29% -30% 0.062 $45,639,698.89
ICG Inca Minerals Ltd 17% -13% 0% 44% 0.105 $43,790,259.97
AZL Arizona Lithium Ltd 17% 50% 443% 266% 0.1575 $309,622,800.53
BGD Bartongoldholdings 16% 14% 25% 0% 0.25 $22,318,398.96
TRN Torrens Mining 16% -7% -19% -17% 0.1625 $11,146,390.08
GED Golden Deeps 15% 5% -4% -4% 0.0115 $8,534,365.84
M2R Miramar 15% 15% 18% -22% 0.195 $8,966,703.60
WWI West Wits Mining Ltd 15% 18% -37% -45% 0.039 $71,691,065.98
RED Red 5 Limited 14% -2% 46% 33% 0.285 $671,562,785.82
PDI Predictive Disc Ltd 14% -4% 63% 271% 0.245 $327,976,704.00
AGS Alliance Resources 14% 10% 3% 0% 0.161106 $33,512,808.39
SRN Surefire Rescs NL 14% 4% -22% -48% 0.0125 $16,564,656.14
KWR Kingwest Resources 14% -4% 134% -1% 0.1875 $43,735,144.50
RDT Red Dirt Metals Ltd 14% 7% 373% 230% 0.71 $172,294,740.92
ERM Emmerson Resources 13% -10% 86% 88% 0.13 $64,771,003.57
CAZ Cazaly Resources 13% 0% -17% 2% 0.044 $16,630,347.02
SIH Sihayo Gold Limited 13% 0% -10% -44% 0.009 $33,169,152.72
MCT Metalicity Limited 13% 0% -10% -50% 0.009 $20,003,418.96
BYH Bryah Resources Ltd 12% 15% -2% -13% 0.056 $13,346,223.33
GBR Greatbould Resources 12% 0% 40% 233% 0.14 $48,226,834.22
TBA Tombola Gold Ltd 11% 0% -39% -55% 0.03 $22,497,454.85
PKO Peako Limited 11% -5% -39% -31% 0.02 $6,169,082.02
DLC Delecta Limited 11% 0% 67% 54% 0.01 $10,844,178.35
AZS Azure Minerals 11% 7% 57% -21% 0.4 $127,401,645.61
GTR Gti Resources 11% -13% 26% -9% 0.021 $23,704,405.79
MGV Musgrave Minerals 11% -11% 0% -15% 0.315 $174,581,208.43
E2M E2 Metals 10% -9% -20% -52% 0.265 $37,617,803.25
STK Strickland Metals 10% -11% 59% 111% 0.065 $78,066,142.81
PNX PNX Metals Limited 10% -5% -29% -29% 0.0055 $20,087,064.31
A1G African Gold Ltd. 10% 19% 32% -6% 0.22 $25,565,720.52
KRM Kingsrose Mining Ltd 10% -10% 45% 71% 0.077 $59,962,121.52
EM2 Eagle Mountain 10% 3% -22% 86% 0.615 $140,057,576.24
CHN Chalice Mining Ltd 10% -17% 9% 106% 7.96 $2,779,833,801.42
FG1 Flynngold 10% 0% -3% 0% 0.17 $10,784,128.50
HMG Hamelingoldlimited 10% 21% 0% 0% 0.17 $18,700,000.00
HMG Hamelingoldlimited 10% 21% 0% 0% 0.17 $18,700,000.00
WAF West African Res Ltd 9% -11% 4% 23% 1.17 $1,184,097,660.20
CDR Codrus Minerals Ltd 9% -11% -35% 0% 0.12 $4,800,000.00
RDS Redstone Resources 9% -14% 0% -14% 0.012 $8,627,988.76
BRB Breaker Res NL 9% -17% 50% 17% 0.24 $79,831,027.61
NML Navarre Minerals Ltd 9% 9% -5% -49% 0.086 $117,361,805.07
GSR Greenstone Resources 9% 46% 90% 73% 0.038 $29,054,832.80
RND Rand Mining Ltd 9% 4% 1% -18% 1.525 $86,451,460.72
AAU Antilles Gold Ltd 8% 0% 0% -5% 0.078 $23,104,377.04
PGD Peregrine Gold 8% 11% 12% 0% 0.52 $17,641,992.38
ARV Artemis Resources 8% -6% 39% -32% 0.078 $94,124,823.83
RVR Red River Resources 8% -3% 11% -15% 0.195 $101,100,575.16
ZAG Zuleika Gold Ltd 8% 105% 30% -24% 0.039 $16,543,734.92
SBM St Barbara Limited 8% -9% -26% -42% 1.3375 $936,575,704.68
A8G Australasian Metals 8% 2% 266% 0% 0.53 $21,491,214.29
SFM Santa Fe Minerals 8% 54% 138% 100% 0.2 $16,020,133.58
IPT Impact Minerals 8% 8% 8% -26% 0.014 $28,333,128.87
VKA Viking Mines Ltd 8% -7% -33% -67% 0.014 $12,303,101.17
BGL Bellevue Gold Ltd 8% -8% -29% -24% 0.775 $794,140,794.37
VAN Vango Mining Ltd 7% -23% -33% -36% 0.044 $55,437,255.81
NMR Native Mineral Res 7% -8% -6% -17% 0.225 $9,316,014.98
KSN Kingston Resources 7% -17% -30% -39% 0.15 $51,722,160.77
ANX Anax Metals Ltd 7% 11% 26% 104% 0.092 $33,864,851.02
BC8 Black Cat Syndicate 7% 3% 0% -19% 0.62 $88,004,881.88
LCL Los Cerros Limited 7% -2% -24% -22% 0.1175 $79,780,169.38
LEX Lefroy Exploration 7% 5% -42% 60% 0.32 $45,221,147.08
PF1 Pathfinder Resources 7% 35% 40% 33% 0.405 $21,779,614.10
GBZ GBM Rsources Ltd 7% 7% -2% -6% 0.1225 $61,297,116.84
DEX Duke Exploration 6% -3% -42% -38% 0.17 $14,433,784.32
CY5 Cygnus Gold Limited 6% 0% 9% -3% 0.175 $20,647,430.13
BDC Bardoc Gold Ltd 6% -8% 8% -11% 0.455 $130,825,778.85
CYL Catalyst Metals 6% -2% -3% -9% 1.93 $192,480,938.47
VMC Venus Metals Cor Ltd 6% 6% -3% -24% 0.185 $27,194,162.94
LRL Labyrinth Resources 6% 3% 9% -3% 0.038 $33,043,325.56
EVN Evolution Mining Ltd 5% -10% -12% -23% 3.64 $6,617,157,735.63
RMX Red Mount Min Ltd 5% 17% 17% -19% 0.0105 $14,644,583.02
TTM Titan Minerals 5% 0% -5% -13% 0.105 $148,020,655.97
AQI Alicanto Min Ltd 5% -9% -19% -5% 0.105 $42,098,497.87
AAJ Aruma Resources Ltd 5% 21% 71% 2% 0.087 $10,958,650.76
BAT Battery Minerals Ltd 5% 0% -28% -57% 0.0115 $25,822,110.28
OKU Oklo Resources Ltd 5% -12% -15% -43% 0.115 $58,017,095.09
ALK Alkane Resources Ltd 4% -11% -30% -2% 0.815 $482,422,570.20
SPQ Superior Resources 4% 24% 213% 194% 0.047 $77,547,437.04
AGC AGC Ltd 4% -2% -30% -47% 0.098 $6,772,728.40
AGC AGC Ltd 4% -2% -30% -47% 0.098 $6,772,728.40
GIB Gibb River Diamonds 4% -12% 25% -3% 0.074 $15,651,698.93
HRZ Horizon 4% -4% 9% 4% 0.125 $70,996,900.00
SSR SSR Mining Inc. 4% -4% 6% 5% 23.28 $474,246,717.82
CMM Capricorn Metals 4% -5% 50% 93% 3.23 $1,196,086,548.59
G88 Golden Mile Res Ltd 4% 15% -16% 17% 0.054 $9,516,008.04
GRL Godolphin Resources 4% -10% -18% -43% 0.135 $10,934,478.23
MTH Mithril Resources 4% -16% -29% -44% 0.0135 $33,543,029.53
POL Polymetals Resources 4% -13% -4% 0% 0.135 $5,407,636.41
SNG Siren Gold 4% 0% 12% -44% 0.285 $24,487,577.67
MKG Mako Gold 4% -21% -2% -21% 0.087 $34,019,502.58
CLA Celsius Resource Ltd 4% 45% 0% -41% 0.029 $31,619,342.43
KNB Koonenberrygold 4% -9% 0% 0% 0.145 $9,635,109.64
PNR Pantoro Limited 4% -12% 37% 28% 0.295 $408,754,622.42
BCN Beacon Minerals 3% -3% 0% -2% 0.032 $114,920,479.74
SFR Sandfire Resources 3% 4% 3% 50% 6.82 $2,787,876,872.40
SLZ Sultan Resources Ltd 3% 0% -8% -18% 0.165 $12,909,080.30
KZR Kalamazoo Resources 3% -13% -10% -38% 0.33 $49,366,087.16
NXM Nexus Minerals Ltd 3% -25% 290% 191% 0.335 $101,386,435.85
TLM Talisman Mining 3% 6% -21% 79% 0.17 $30,977,017.01
RRL Regis Resources 3% -8% -31% -49% 1.8025 $1,343,501,810.44
CST Castile Resources 3% -15% 0% 0% 0.175 $37,944,922.99
DCN Dacian Gold Ltd 3% -5% -25% -63% 0.18 $195,313,871.34
MXR Maximus Resources 3% -5% -3% -50% 0.072 $23,842,932.60
RSG Resolute Mining 3% -28% -51% -60% 0.2825 $314,620,483.20
S2R S2 Resources 3% 3% 15% 0% 0.19 $65,929,348.18
TAR Taruga Minerals 3% 8% -30% -23% 0.04 $19,458,280.23
DTR Dateline Resources 3% -5% -1% 64% 0.082 $37,224,199.18
PRU Perseus Mining Ltd 2% -6% -6% 24% 1.52 $1,855,732,077.85
MML Medusa Mining Ltd 2% -5% -18% -21% 0.675 $137,771,049.41
MEU Marmota Limited 2% 7% -2% 0% 0.046 $45,083,740.54
TBR Tribune Res Ltd 2% -4% -13% -23% 4.63 $242,402,515.74
WGX Westgold Resources. 2% -8% 0% -21% 1.87 $770,148,060.46
NAG Nagambie Resources 2% -15% -41% 16% 0.05 $24,996,617.30
FFX Firefinch Ltd 2% -26% 61% 267% 0.6425 $742,225,806.00
MOH Moho Resources 2% -14% -20% -33% 0.055 $6,666,096.31
CEL Challenger Exp Ltd 2% -5% 2% -21% 0.28 $279,144,321.03
IVR Investigator Res Ltd 2% -14% -10% -31% 0.06 $78,606,505.76
MRZ Mont Royal Resources 2% -6% 41% 32% 0.31 $19,950,824.57
GUL Gullewa Limited 1% -10% -10% -24% 0.07 $13,326,117.00
SLR Silver Lake Resource 1% -15% -1% -6% 1.51 $1,350,479,106.84
TSO Tesoro Resources Ltd 1% 0% -34% -71% 0.076 $41,031,331.82
SVL Silver Mines Limited 1% -8% -14% -24% 0.2025 $258,366,428.60
GOR Gold Road Res Ltd 1% -12% 4% 14% 1.385 $1,203,817,955.34
DEG De Grey Mining 0% -4% -10% 19% 1.17 $1,701,772,465.25
ASO Aston Minerals Ltd 0% 62% 17% 415% 0.17 $162,213,562.93
MTC Metalstech Ltd 0% -10% 43% 77% 0.26 $44,999,439.30
TMX Terrain Minerals 0% 0% 0% -20% 0.008 $5,886,088.07
FAU First Au Ltd 0% 0% -17% -47% 0.01 $8,231,064.96
GWR GWR Group Ltd 0% 21% -50% -46% 0.17 $51,606,831.32
SMS Starmineralslimited 0% -5% 0% 0% 0.2 $5,250,000.00
CWX Carawine Resources 0% -6% -28% -23% 0.165 $22,742,667.26
BMR Ballymore Resources 0% -3% 0% 0% 0.17 $13,960,835.39
ZNC Zenith Minerals Ltd 0% 44% 64% 177% 0.36 $116,927,412.70
REZ Resourc & En Grp Ltd 0% -22% 67% 16% 0.05 $26,989,512.61
AM7 Arcadia Minerals 0% 10% 35% 0% 0.23 $8,223,237.50
MLS Metals Australia 0% 0% 0% -20% 0.002 $10,477,114.72
ADN Andromeda Metals Ltd 0% 3% 19% -31% 0.19 $471,908,138.74
MEI Meteoric Resources 0% -17% -69% -79% 0.015 $24,420,757.94
AWV Anova Metals Ltd 0% -15% -19% -35% 0.017 $24,362,601.40
PAK Pacific American Hld 0% 0% 1% -27% 0.017 $8,601,793.24
CTO Citigold Corp Ltd 0% -10% -18% -31% 0.009 $22,669,272.73
MHC Manhattan Corp Ltd 0% 15% 25% -46% 0.015 $22,894,180.40
TRY Troy Resources Ltd 0% 0% -12% -56% 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% -29% 0.017 $21,063,473.65
G50 Gold50Limited 0% -14% 0% 0% 0.215 $12,043,870.22
AAR Anglo Australian 0% -5% 17% -16% 0.105 $62,598,820.10
DDD 3D Resources Limited 0% 0% -25% -27% 0.003 $11,641,116.28
ICL Iceni Gold 0% -35% -40% 0% 0.12 $15,641,249.13
RML Resolution Minerals 0% -3% -37% -47% 0.017 $11,158,232.18
GMN Gold Mountain Ltd 0% -7% -30% -66% 0.014 $14,982,088.38
KCC Kincora Copper 0% -14% -45% 0% 0.12 $8,791,814.28
MKR Manuka Resources. 0% -5% 3% -27% 0.305 $30,954,774.22
AUC Ausgold Limited 0% -4% 18% -10% 0.045 $72,651,354.35
BMO Bastion Minerals 0% -17% 5% 0% 0.2 $15,185,852.00
MDI Middle Island Res 0% 0% 4% -56% 0.12 $14,690,186.64
KAI Kairos Minerals Ltd 0% -4% -10% -16% 0.027 $49,052,337.28
KAU Kaiser Reef 0% -5% -10% -53% 0.2 $25,096,246.37
ALY Alchemy Resource Ltd 0% 0% -6% -39% 0.012 $11,428,138.68
LCY Legacy Iron Ore 0% -9% 54% -33% 0.02 $128,136,523.98
SBR Sabre Resources 0% 0% 25% -38% 0.005 $8,639,068.25
XAM Xanadu Mines Ltd 0% -3% -13% -22% 0.028 $34,117,139.25
NES Nelson Resources. 0% -30% -48% -75% 0.025 $5,051,597.07
OAU Ora Gold Limited 0% -6% -19% -26% 0.016 $15,719,129.10
GNM Great Northern 0% -8% -45% -54% 0.006 $10,254,305.86
TRM Truscott Mining Corp 0% -6% 0% 74% 0.033 $5,014,070.95
NST Northern Star 0% -10% -17% -32% 8.51 $9,910,841,303.49
KLA Kirkland Lake Gold 0% -8% -8% 3% 52.69 $52,690,000.00
HCH Hot Chili Ltd 0% -9% -11% -11% 1.595 $172,891,394.14
CAI Calidus Resources -1% 9% 36% 52% 0.685 $282,186,834.87
HAW Hawthorn Resources -1% 0% 98% -11% 0.089 $29,015,858.33
GSM Golden State Mining -1% 7% -39% -44% 0.089 $7,477,918.65
HRN Horizon Gold Ltd -1% 5% 13% -13% 0.435 $46,944,487.04
AME Alto Metals Limited -1% -12% -7% 5% 0.085 $44,355,151.01
LM8 Lunnonmetalslimited -1% 70% 56% 0% 0.78 $61,663,125.58
STN Saturn Metals -1% -11% -24% -16% 0.38 $48,920,349.94
YRL Yandal Resources -1% -4% -24% -6% 0.355 $41,212,501.32
SAU Southern Gold -2% 0% -11% -39% 0.059 $12,373,067.85
PNM Pacific Nickel Mines -2% 16% 83% 67% 0.095 $25,213,154.58
PUR Pursuit Minerals -2% -13% -63% -19% 0.0235 $21,747,631.46
NCM Newcrest Mining -2% -8% -15% -12% 22.46 $18,322,263,030.40
LYN Lycaonresources -2% 10% 0% 0% 0.395 $10,665,000.00
MVL Marvel Gold Limited -3% -7% 6% 37% 0.0575 $34,042,102.86
MAU Magnetic Resources -3% 0% -8% 4% 1.45 $336,514,228.50
WMC Wiluna Mining Corp -3% -2% 0% -21% 1.035 $217,654,393.35
TAM Tanami Gold NL -3% -7% -15% -27% 0.062 $72,856,016.85
PRX Prodigy Gold NL -3% -17% -25% -30% 0.03 $18,061,455.79
IDA Indiana Resources -3% -9% -12% -17% 0.058 $24,791,976.72
AMI Aurelia Metals Ltd -3% 4% 16% 4% 0.425 $525,748,994.23
ENR Encounter Resources -3% -15% -9% 11% 0.14 $44,354,355.64
AGG AngloGold Ashanti -4% -8% -2% -16% 5.21 $469,232,843.90
OBM Ora Banda Mining Ltd -4% -18% -61% -83% 0.054 $52,608,123.27
TG1 Techgen Metals Ltd -4% -13% -32% 0% 0.13 $5,878,192.41
AL8 Alderan Resource Ltd -4% -11% -52% -75% 0.025 $10,639,152.00
SVY Stavely Minerals Ltd -4% -11% 10% -34% 0.48 $129,175,918.74
RMS Ramelius Resources -4% -13% -20% -11% 1.3725 $1,175,306,822.70
BRV Big River Gold Ltd -4% 0% -43% -43% 0.23 $52,850,799.60
WRM White Rock Min Ltd -4% -10% -52% -60% 0.215 $34,164,174.15
MEG Megado -4% 2% -29% -55% 0.085 $3,659,147.83
SI6 SI6 Metals Limited -5% 17% -19% -48% 0.0105 $15,709,583.84
RGL Riversgold -5% 24% -45% -54% 0.021 $8,080,843.92
NVA Nova Minerals Ltd -5% -29% -22% -49% 0.82 $151,369,919.40
DGO DGO Gold Limited -5% -7% -18% -5% 2.57 $213,701,406.72
EMU EMU NL -5% 0% -32% -63% 0.019 $9,896,660.71
RXL Rox Resources -6% 16% 1% -25% 0.425 $69,139,311.95
FML Focus Minerals Ltd -6% -35% -4% -31% 0.255 $48,428,369.73
BBX BBX Minerals Ltd -6% 3% -23% -46% 0.165 $78,203,650.75
QML Qmines Limited -6% -23% -29% 0% 0.245 $16,697,636.54
ADT Adriatic Metals -6% -7% -23% -1% 2.28 $475,678,926.76
TNR Torian Resources Ltd -6% 30% 15% -19% 0.03 $32,274,881.77
CBY Canterbury Resources -6% -10% -25% -18% 0.075 $9,855,882.40
PRS Prospech Limited -7% -14% -47% -70% 0.056 $3,650,136.28
MM8 Medallion Metals. -7% -5% -13% 0% 0.21 $23,241,882.18
GMR Golden Rim Resources -7% -27% -20% -38% 0.1025 $25,826,291.19
DTM Dart Mining NL -7% -4% -35% -54% 0.081 $9,834,783.47
MAT Matsa Resources -7% -7% -16% -45% 0.053 $18,665,640.24
TMZ Thomson Res Ltd -7% -8% -38% -59% 0.065 $37,645,962.35
MZZ Matador Mining Ltd -7% -18% -29% -6% 0.31 $70,271,745.38
NWM Norwest Minerals -8% -9% -15% -24% 0.061 $11,558,867.14
PUA Peak Minerals Ltd -8% -20% -25% -46% 0.012 $13,537,801.16
GML Gateway Mining -8% -8% -35% -61% 0.012 $29,381,382.77
OZM Ozaurum Resources -8% -8% -11% 0% 0.12 $7,152,000.00
KTA Krakatoa Resources -8% -2% -2% -25% 0.048 $14,146,076.02
EMR Emerald Res NL -8% -3% 18% 27% 1.05 $564,649,477.35
LNY Laneway Res Ltd -8% -8% 10% -8% 0.0055 $25,553,060.13
TCG Turaco Gold Limited -8% -10% -21% 69% 0.11 $46,896,055.91
AWJ Auric Mining -8% 15% -24% 0% 0.11 $5,887,282.49
NSM Northstaw -8% -10% -25% -39% 0.27 $10,834,290.00
M24 Mamba Exploration -9% -5% 0% 0% 0.2 $9,278,500.66
CXU Cauldron Energy Ltd -10% -34% -37% -56% 0.019 $10,317,166.23
SKY SKY Metals Ltd -10% -16% -7% -50% 0.09 $35,040,862.71
AVW Avira Resources Ltd -10% -10% -10% -25% 0.0045 $7,734,555.00
CHZ Chesser Resources -11% -22% -30% -53% 0.098 $49,337,926.47
HXG Hexagon Energy -11% -25% -18% -51% 0.056 $24,976,774.31
TSC Twenty Seven Co. Ltd -13% -30% -13% -42% 0.0035 $10,643,255.62
KCN Kingsgate Consolid. -13% -19% 97% 73% 1.575 $362,965,542.92
BEZ Besragoldinc -14% -5% 0% 0% 0.095 $16,325,746.20
RDN Raiden Resources Ltd -14% -14% -22% -28% 0.018 $27,506,546.08
MBK Metal Bank Ltd -14% -14% -22% -48% 0.006 $15,646,908.96
AYM Australia United Min -14% -25% -33% -45% 0.006 $12,898,042.40
AQX Alice Queen Ltd -17% -25% -42% -78% 0.0075 $12,262,784.08
BTR Brightstar Resources -22% -20% 29% -18% 0.036 $18,046,408.68