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Gold Digger: JP Morgan reckons gold’s gonna take a dive to $1,520/oz by Q4
Mining
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Gold is holding steady above US$1,800/oz – currently trading at US$1816.60.
Some players are confident the gold market will trend net positive next year as the market digests the reality of the past 24 months.
But commodity analysts at J.P. Morgan Global Research reckon the market might not be able to withstand the Federal Reserve’s plan to end its monthly bond purchases by March and plans to raise interest rates three times.
“From an average of $1,765/oz in Q1, gold prices are set to steadily decline over the course of next year to a Q4 average of $1,520/oz,” the analysts said in a 2022 outlook report.
“Industrial metals will still take time to find balance next year, keeping prices supportive over the first half of 2022, however, with relatively middling Chinese demand growth expected, prices could come under more sustained pressure later in the year. An unwinding in ultra-accommodative central bank policy will be most outright bearish for gold and silver over the course of 2022.”
However, Kitco’s Jim Wyckoff reckons big-shot banks’ commodity market forecasts are usually wrong.
“I’ll take the other side of that JP Morgan trade and predict gold prices in 4Q 2022 will be higher than present levels,” he said.
“Reason: I believe price inflation will become much more problematic in 2022 and the Federal Reserve won’t be able to do much about it.
“That scenario would be bad news for paper assets like stocks and bonds, but good news for hard assets like the metals.”
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
| Code | Company | Price | % Month | % Six Month | % Week | % Year | Market Cap |
|---|---|---|---|---|---|---|---|
| DCX | Discovex Res Ltd | 0.012 | 140 | 140 | 100 | 33 | $ 23,117,976.68 |
| SPQ | Superior Resources | 0.039 | 117 | 225 | 86 | 225 | $ 58,344,381.40 |
| HMX | Hammer Metals Ltd | 0.059 | 40 | -36 | 34 | 76 | $ 48,899,677.38 |
| FML | Focus Minerals Ltd | 0.34 | 15 | 31 | 31 | 1 | $ 63,048,254.93 |
| MRR | Minrex Resources Ltd | 0.044 | 10 | 132 | 26 | 110 | $ 26,440,465.97 |
| GWR | GWR Group Ltd | 0.145 | 45 | -53 | 21 | -62 | $ 44,017,591.42 |
| AAR | Anglo Australian | 0.11 | 26 | 29 | 18 | -12 | $ 59,617,923.90 |
| LM8 | Lunnonmetalslimited | 0.46 | 35 | 1 | 18 | $ 34,087,069.42 | |
| ARN | Aldoro Resources | 0.43 | -2 | 41 | 18 | 177 | $ 37,117,014.44 |
| GNM | Great Northern | 0.007 | -13 | -36 | 17 | -36 | $ 10,563,356.83 |
| KAU | Kaiser Reef | 0.21 | -2 | -18 | 17 | -48 | $ 25,708,349.94 |
| KCC | Kincora Copper | 0.14 | 22 | -42 | 17 | $ 9,891,331.07 | |
| DRE | Drednought Resources | 0.042 | -5 | 75 | 17 | 110 | $ 119,161,709.14 |
| ASO | Aston Minerals Ltd | 0.105 | -28 | -32 | 17 | 176 | $ 100,190,730.05 |
| FFX | Firefinch Ltd | 0.845 | 20 | 114 | 17 | 412 | $ 977,853,046.00 |
| TMZ | Thomson Res Ltd | 0.071 | 3 | -43 | 16 | -35 | $ 38,769,515.42 |
| MDI | Middle Island Res | 0.115 | 20 | 5 | 16 | -70 | $ 13,466,004.42 |
| CDT | Castle Minerals | 0.029 | 7 | 107 | 16 | 190 | $ 26,380,339.53 |
| TNR | Torian Resources Ltd | 0.023 | 5 | -15 | 15 | -15 | $ 23,980,926.05 |
| SRN | Surefire Rescs NL | 0.0115 | 5 | -18 | 15 | -57 | $ 11,043,104.09 |
| POL | Polymetals Resources | 0.155 | 7 | 7 | 15 | $ 6,108,452.04 | |
| LCL | Los Cerros Limited | 0.125 | -4 | -26 | 14 | 4 | $ 76,405,962.60 |
| ZNC | Zenith Minerals Ltd | 0.25 | 9 | -2 | 14 | 100 | $ 79,332,017.98 |
| CPM | Coopermetalslimited | 0.21 | 14 | 14 | $ 5,809,300.00 | ||
| CEL | Challenger Exp Ltd | 0.295 | -2 | 34 | 13 | 48 | $ 288,732,358.61 |
| OAU | Ora Gold Limited | 0.017 | 13 | 0 | 13 | -18 | $ 17,684,020.24 |
| AZL | Arizona Lithium Ltd | 0.105 | 5 | 320 | 13 | 1067 | $ 194,345,632.70 |
| NES | Nelson Resources. | 0.035 | 3 | -34 | 13 | -60 | $ 6,994,519.02 |
| SBR | Sabre Resources | 0.0045 | -10 | 13 | 13 | -50 | $ 7,775,161.42 |
| LYN | Lycaonresources | 0.36 | -22 | 13 | $ 9,450,000.00 | ||
| TSC | Twenty Seven Co. Ltd | 0.0045 | 13 | 13 | 13 | -25 | $ 10,643,255.62 |
| KSN | Kingston Resources | 0.18 | -3 | -16 | 13 | -27 | $ 60,639,774.69 |
| ZAG | Zuleika Gold Ltd | 0.019 | 0 | -34 | 12 | -63 | $ 8,201,867.46 |
| EMU | EMU NL | 0.019 | -10 | -27 | 12 | -55 | $ 10,996,289.68 |
| VRC | Volt Resources Ltd | 0.029 | 4 | -17 | 12 | 190 | $ 77,612,037.50 |
| CHN | Chalice Mining Ltd | 9.56 | 0 | 35 | 12 | 169 | $ 3,375,797,737.74 |
| BMR | Ballymore Resources | 0.195 | -11 | 0 | 11 | 0 | $ 13,960,835.39 |
| EM2 | Eagle Mountain | 0.59 | 4 | -41 | 11 | 26 | $ 136,613,537.48 |
| LRL | Labyrinth Resources | 0.04 | 8 | -15 | 11 | 57 | $ 34,782,447.96 |
| RVR | Red River Resources | 0.2 | 5 | 0 | 11 | -31 | $ 101,100,575.16 |
| SI6 | SI6 Metals Limited | 0.01 | 0 | -17 | 11 | -64 | $ 14,281,439.85 |
| CLA | Celsius Resource Ltd | 0.02 | -23 | -41 | 11 | -56 | $ 22,133,539.70 |
| HMG | Hamelingoldlimited | 0.15 | -6 | 11 | $ 15,400,000.00 | ||
| HMG | Hamelingoldlimited | 0.15 | -6 | 11 | $ 15,400,000.00 | ||
| XTC | Xantippe Res Ltd | 0.005 | 25 | 150 | 11 | 100 | $ 30,574,233.01 |
| KRM | Kingsrose Mining Ltd | 0.086 | 8 | 62 | 10 | 139 | $ 61,958,380.99 |
| AZS | Azure Minerals | 0.38 | 10 | 65 | 10 | -28 | $ 111,864,859.56 |
| MZZ | Matador Mining Ltd | 0.38 | 6 | -16 | 10 | 7 | $ 80,988,373.88 |
| ICG | Inca Minerals Ltd | 0.11 | 5 | -4 | 10 | 108 | $ 52,903,940.87 |
| AAU | Antilles Gold Ltd | 0.078 | 5 | 4 | 10 | 32 | $ 21,888,357.19 |
| RML | Resolution Minerals | 0.0175 | -3 | -17 | 9 | -54 | $ 11,158,232.18 |
| ARV | Artemis Resources | 0.082 | -2 | 58 | 9 | -25 | $ 101,654,809.73 |
| RED | Red 5 Limited | 0.295 | 9 | 55 | 9 | 21 | $ 683,344,589.08 |
| GED | Golden Deeps | 0.012 | -20 | -8 | 9 | 9 | $ 9,310,217.28 |
| KTA | Krakatoa Resources | 0.049 | -13 | 2 | 9 | -28 | $ 14,440,785.93 |
| CHZ | Chesser Resources | 0.125 | -7 | -4 | 9 | -48 | $ 58,735,626.75 |
| BNR | Bulletin Res Ltd | 0.075 | 0 | 16 | 9 | 0 | $ 20,261,703.12 |
| NXM | Nexus Minerals Ltd | 0.445 | -14 | 527 | 9 | 271 | $ 126,700,648.36 |
| THR | Thor Mining PLC | 0.013 | -13 | -19 | 8 | -24 | $ 10,442,848.62 |
| CDR | Codrus Minerals Ltd | 0.135 | -10 | -33 | 8 | $ 5,400,000.00 | |
| TIE | Tietto Minerals | 0.48 | 10 | 60 | 8 | 28 | $ 296,741,610.99 |
| KAI | Kairos Minerals Ltd | 0.028 | 4 | -10 | 8 | -18 | $ 45,770,253.12 |
| GMR | Golden Rim Resources | 0.14 | 41 | 17 | 8 | -7 | $ 33,205,231.53 |
| BGD | Bartongoldholdings | 0.22 | 5 | 10 | 7 | $ 18,455,599.14 | |
| REZ | Resourc & En Grp Ltd | 0.059 | 26 | 97 | 7 | 28 | $ 30,987,958.92 |
| BTR | Brightstar Resources | 0.045 | -8 | 45 | 7 | -21 | $ 24,061,878.24 |
| HXG | Hexagon Energy | 0.075 | -10 | 9 | 7 | 27 | $ 32,112,995.54 |
| CMM | Capricorn Metals | 3.375 | 11 | 78 | 7 | 88 | $ 1,210,898,765.91 |
| GRL | Godolphin Resources | 0.15 | 20 | 0 | 7 | -35 | $ 12,616,705.65 |
| BCN | Beacon Minerals | 0.033 | 6 | -6 | 6 | -1 | $ 118,511,744.74 |
| RDT | Red Dirt Metals Ltd | 0.67 | -8 | 319 | 6 | 135 | $ 162,980,723.10 |
| TAM | Tanami Gold NL | 0.067 | -4 | -3 | 6 | -19 | $ 76,381,307.99 |
| RGL | Riversgold | 0.017 | -15 | -51 | 6 | -66 | $ 6,464,675.14 |
| KCN | Kingsgate Consolid. | 1.94 | 28 | 131 | 6 | 110 | $ 412,762,644.85 |
| AUT | Auteco Minerals | 0.074 | 4 | -8 | 6 | -26 | $ 124,925,241.26 |
| ICL | Iceni Gold | 0.185 | -12 | -5 | 6 | $ 22,455,898.74 | |
| KWR | Kingwest Resources | 0.19 | -14 | 141 | 6 | 19 | $ 44,929,197.13 |
| TSO | Tesoro Resources Ltd | 0.077 | -5 | -47 | 5 | -73 | $ 41,585,809.28 |
| SVY | Stavely Minerals Ltd | 0.53 | 8 | 22 | 5 | -33 | $ 139,614,376.82 |
| RDN | Raiden Resources Ltd | 0.02 | -17 | -20 | 5 | -33 | $ 27,506,546.08 |
| CTO | Citigold Corp Ltd | 0.01 | 11 | -9 | 5 | -23 | $ 28,336,590.91 |
| LEX | Lefroy Exploration | 0.31 | -11 | -69 | 5 | 35 | $ 42,634,777.06 |
| BEZ | Besragoldinc | 0.105 | -22 | 5 | $ 18,044,245.80 | ||
| CAI | Calidus Resources | 0.63 | 5 | 35 | 5 | 27 | $ 248,060,975.14 |
| TTM | Titan Minerals | 0.105 | 5 | -13 | 5 | -13 | $ 140,071,326.00 |
| CYL | Catalyst Metals | 1.995 | -9 | 2 | 5 | -5 | $ 196,419,167.39 |
| SMS | Starmineralslimited | 0.21 | 20 | 5 | $ 5,512,500.00 | ||
| HCH | Hot Chili Ltd | 1.73 | -20 | 2 | 5 | -18 | $ 186,771,501.00 |
| NWM | Norwest Minerals | 0.066 | -18 | -18 | 5 | -26 | $ 12,100,689.03 |
| GBZ | GBM Rsources Ltd | 0.11 | 0 | -4 | 5 | -21 | $ 58,743,070.31 |
| MEU | Marmota Limited | 0.044 | -2 | 0 | 5 | -4 | $ 42,143,496.59 |
| BAT | Battery Minerals Ltd | 0.0115 | -12 | -28 | 5 | -43 | $ 28,169,574.85 |
| SFR | Sandfire Resources | 6.62 | 10 | 4 | 4 | 31 | $ 2,726,379,588.45 |
| WRM | White Rock Min Ltd | 0.24 | -23 | -53 | 4 | -59 | $ 34,923,378.02 |
| MXR | Maximus Resources | 0.075 | 17 | 14 | 4 | -50 | $ 23,840,102.40 |
| KZR | Kalamazoo Resources | 0.38 | 9 | 4 | 4 | -34 | $ 50,818,030.90 |
| OZM | Ozaurum Resources | 0.13 | -7 | 13 | 4 | $ 7,438,080.00 | |
| PUR | Pursuit Minerals | 0.027 | -19 | -60 | 4 | 29 | $ 24,584,279.04 |
| GBR | Greatbould Resources | 0.135 | -4 | 48 | 4 | 207 | $ 48,226,834.22 |
| OKU | Oklo Resources Ltd | 0.135 | -10 | 23 | 4 | -29 | $ 68,107,024.67 |
| DTM | Dart Mining NL | 0.082 | -6 | -41 | 4 | -56 | $ 10,208,256.26 |
| TG1 | Techgen Metals Ltd | 0.14 | -28 | -26 | 4 | $ 6,095,903.24 | |
| CXU | Cauldron Energy Ltd | 0.028 | 12 | -28 | 4 | -28 | $ 13,264,928.01 |
| KAL | Kalgoorliegoldmining | 0.14 | -13 | 4 | $ 10,503,017.00 | ||
| SNG | Siren Gold | 0.285 | -16 | 16 | 4 | -61 | $ 23,656,199.57 |
| MTC | Metalstech Ltd | 0.285 | 0 | 60 | 4 | 80 | $ 48,332,731.10 |
| BRB | Breaker Res NL | 0.295 | -6 | 90 | 4 | 51 | $ 92,864,664.77 |
| SAU | Southern Gold | 0.059 | -8 | -16 | 4 | -51 | $ 12,373,067.85 |
| ERM | Emmerson Resources | 0.15 | 103 | 131 | 3 | 92 | $ 67,262,196.02 |
| BYH | Bryah Resources Ltd | 0.0485 | -7 | -18 | 3 | -31 | $ 11,084,151.58 |
| FG1 | Flynngold | 0.17 | -8 | 13 | 3 | $ 10,784,128.50 | |
| DGO | DGO Gold Limited | 2.76 | -4 | -11 | 3 | -3 | $ 221,094,036.80 |
| A8G | Australasian Metals | 0.52 | 11 | 259 | 3 | $ 20,888,656.88 | |
| GSN | Great Southern | 0.07 | 11 | 67 | 3 | -7 | $ 37,265,696.02 |
| CY5 | Cygnus Gold Limited | 0.175 | -8 | 67 | 3 | -3 | $ 20,371,393.18 |
| SMI | Santana Minerals Ltd | 0.35 | 6 | 327 | 3 | 100 | $ 45,096,677.92 |
| MGV | Musgrave Minerals | 0.355 | 6 | -4 | 3 | -1 | $ 193,382,261.64 |
| S2R | S2 Resources | 0.185 | -14 | 42 | 3 | 42 | $ 64,147,473.90 |
| ADN | Andromeda Metals Ltd | 0.185 | 12 | 23 | 3 | -33 | $ 459,489,503.51 |
| RSG | Resolute Mining | 0.39 | 10 | -23 | 3 | -51 | $ 402,935,004.80 |
| DCN | Dacian Gold Ltd | 0.195 | -5 | -25 | 3 | -50 | $ 206,164,641.97 |
| SLR | Silver Lake Resource | 1.775 | 7 | 7 | 3 | 0 | $ 1,523,000,135.40 |
| ANX | Anax Metals Ltd | 0.08 | -12 | 5 | 3 | 82 | $ 28,161,297.16 |
| DEG | De Grey Mining | 1.22 | 1 | -1 | 3 | 23 | $ 1,645,515,524.25 |
| AOP | Apollo Consolidated | 0.61 | -5 | 107 | 3 | 110 | $ 177,888,559.90 |
| BC8 | Black Cat Syndicate | 0.61 | 5 | -2 | 3 | -12 | $ 84,484,686.60 |
| AGG | AngloGold Ashanti | 5.72 | 2 | 18 | 3 | -5 | $ 489,750,629.85 |
| PNM | Pacific Nickel Mines | 0.082 | -4 | 49 | 3 | 82 | $ 21,401,907.12 |
| HRN | Horizon Gold Ltd | 0.41 | 3 | 3 | 3 | -13 | $ 44,277,186.64 |
| CST | Castile Resources | 0.205 | 3 | -7 | 3 | -27 | $ 39,942,024.20 |
| GIB | Gibb River Diamonds | 0.082 | -13 | 37 | 3 | -6 | $ 16,920,755.60 |
| BGL | Bellevue Gold Ltd | 0.865 | 9 | -9 | 2 | -23 | $ 876,606,428.85 |
| MM8 | Medallion Metals. | 0.22 | 10 | -10 | 2 | $ 23,241,882.18 | |
| PGD | Peregrine Gold | 0.45 | 14 | 20 | 2 | $ 14,447,481.85 | |
| GOR | Gold Road Res Ltd | 1.59 | 9 | 26 | 2 | 25 | $ 1,389,016,625.85 |
| AME | Alto Metals Limited | 0.098 | -9 | 5 | 2 | 11 | $ 50,691,601.15 |
| BDC | Bardoc Gold Ltd | 0.5 | 28 | 21 | 2 | 4 | $ 141,001,117.21 |
| NCM | Newcrest Mining | 24.59 | 4 | -3 | 2 | -5 | $ 19,835,485,646.75 |
| WMC | Wiluna Mining Corp | 1.06 | 0 | 15 | 2 | -25 | $ 202,770,692.25 |
| WAF | West African Res Ltd | 1.335 | 2 | 34 | 2 | 34 | $ 1,337,213,736.95 |
| RMS | Ramelius Resources | 1.56 | -2 | -8 | 2 | -4 | $ 1,312,585,922.22 |
| NST | Northern Star | 9.54 | 1 | -2 | 2 | -24 | $ 10,830,884,150.70 |
| QML | Qmines Limited | 0.32 | -16 | -15 | 2 | $ 17,385,057.28 | |
| MML | Medusa Mining Ltd | 0.71 | -7 | -15 | 1 | -7 | $ 148,688,755.22 |
| AXE | Archer Materials | 1.12 | -9 | 18 | 1 | 115 | $ 277,275,271.84 |
| PRU | Perseus Mining Ltd | 1.635 | 1 | 13 | 1 | 30 | $ 1,981,798,105.55 |
| TBR | Tribune Res Ltd | 4.8 | -2 | 4 | 1 | -17 | $ 251,846,769.60 |
| WGX | Westgold Resources. | 2.03 | 0 | 8 | 1 | -23 | $ 836,099,966.19 |
| VAN | Vango Mining Ltd | 0.057 | -2 | -17 | 1 | -7 | $ 72,446,413.84 |
| SBM | St Barbara Limited | 1.455 | 8 | -15 | 1 | -38 | $ 1,000,433,139.09 |
| RND | Rand Mining Ltd | 1.46 | -2 | 1 | 1 | -21 | $ 81,901,383.84 |
| EVN | Evolution Mining Ltd | 4.095 | 2 | -9 | 1 | -18 | $ 7,387,020,962.49 |
| RRL | Regis Resources | 1.94 | 8 | -18 | 1 | -46 | $ 1,407,657,795.77 |
| SSR | SSR Mining Inc. | 24.25 | -4 | 21 | 0 | -7 | $ 507,008,673.15 |
| ANL | Amani Gold Ltd | 0.0015 | 0 | 50 | 0 | 50 | $ 22,875,564.11 |
| AYM | Australia United Min | 0.008 | -11 | -11 | 0 | 0 | $ 14,740,619.88 |
| E2M | E2 Metals | 0.29 | -9 | 2 | 0 | -49 | $ 43,636,651.77 |
| STN | Saturn Metals | 0.425 | -20 | 4 | 0 | -34 | $ 54,638,312.92 |
| KNB | Koonenberrygold | 0.16 | 7 | 0 | $ 12,229,177.62 | ||
| DEX | Duke Exploration | 0.175 | -13 | -52 | 0 | -51 | $ 16,238,007.36 |
| TRM | Truscott Mining Corp | 0.033 | 10 | 0 | 0 | 83 | $ 5,014,070.95 |
| PKO | Peako Limited | 0.021 | -7 | -49 | 0 | -13 | $ 6,477,536.12 |
| TLM | Talisman Mining | 0.155 | 0 | -24 | 0 | 58 | $ 29,099,622.04 |
| MBK | Metal Bank Ltd | 0.007 | -22 | -8 | 0 | -39 | $ 18,254,727.12 |
| BRV | Big River Gold Ltd | 0.23 | 2 | -42 | 0 | -43 | $ 50,471,763.96 |
| AVW | Avira Resources Ltd | 0.005 | -17 | 0 | 0 | -38 | $ 8,593,950.00 |
| ALY | Alchemy Resource Ltd | 0.012 | 9 | -12 | 0 | -32 | $ 10,951,966.24 |
| HRZ | Horizon | 0.125 | -11 | 2 | 0 | 19 | $ 70,996,900.00 |
| NAG | Nagambie Resources | 0.06 | -9 | -25 | 0 | 50 | $ 29,995,940.76 |
| RDS | Redstone Resources | 0.014 | 8 | 8 | 0 | 8 | $ 10,784,985.95 |
| NSM | Northstaw | 0.3 | 0 | 15 | 0 | -36 | $ 12,038,100.00 |
| IDA | Indiana Resources | 0.064 | -2 | -12 | 0 | 7 | $ 27,836,605.44 |
| BMO | Bastion Minerals | 0.24 | 0 | 33 | 0 | $ 17,263,022.40 | |
| TRN | Torrens Mining | 0.175 | 35 | -27 | 0 | $ 12,539,688.84 | |
| AGC | AGC Ltd | 0.1 | 1 | -29 | 0 | $ 6,772,728.40 | |
| AGC | AGC Ltd | 0.1 | 1 | -29 | 0 | $ 6,772,728.40 | |
| HAW | Hawthorn Resources | 0.089 | -15 | 107 | 0 | -34 | $ 30,016,405.17 |
| SFM | Santa Fe Minerals | 0.13 | 24 | 44 | 0 | 38 | $ 9,466,442.57 |
| AUC | Ausgold Limited | 0.047 | -2 | 9 | 0 | 2 | $ 75,880,303.43 |
| TCG | Turaco Gold Limited | 0.12 | -4 | 9 | 0 | 100 | $ 51,159,333.72 |
| GSR | Greenstone Resources | 0.029 | 4 | 61 | 0 | 16 | $ 23,405,281.98 |
| PF1 | Pathfinder Resources | 0.29 | 2 | -12 | 0 | 21 | $ 15,936,303.00 |
| AAJ | Aruma Resources Ltd | 0.069 | -10 | 10 | 0 | -23 | $ 8,691,343.71 |
| SVL | Silver Mines Limited | 0.23 | 12 | -8 | 0 | 0 | $ 290,662,232.18 |
| PRS | Prospech Limited | 0.065 | -12 | -54 | 0 | -68 | $ 4,236,765.33 |
| RMX | Red Mount Min Ltd | 0.009 | -10 | 0 | 0 | -18 | $ 13,180,124.72 |
| MTH | Mithril Resources | 0.016 | -6 | 7 | 0 | -27 | $ 39,993,612.14 |
| VKA | Viking Mines Ltd | 0.015 | -25 | -12 | 0 | -44 | $ 15,378,876.47 |
| NAE | New Age Exploration | 0.011 | 0 | 0 | 0 | 10 | $ 17,230,786.92 |
| VMC | Venus Metals Cor Ltd | 0.175 | -3 | -10 | 0 | -13 | $ 26,438,769.53 |
| AGS | Alliance Resources | 0.15 | -12 | 0 | 0 | -14 | $ 31,202,570.10 |
| ADV | Ardiden Ltd | 0.011 | 0 | 38 | 0 | -35 | $ 23,851,688.92 |
| G50 | Gold50Limited | 0.25 | -11 | 0 | $ 14,004,500.25 | ||
| GUL | Gullewa Limited | 0.078 | -3 | -5 | 0 | -40 | $ 14,849,101.80 |
| LNY | Laneway Res Ltd | 0.006 | 0 | 50 | 0 | 0 | $ 23,424,395.60 |
| CGN | Crater Gold Min Ltd | 0.017 | 0 | 6 | 0 | 0 | $ 20,867,429.74 |
| KGM | Kalnorth Gold Ltd | 0.013 | 0 | 0 | 0 | 0 | $ 11,625,120.78 |
| TRY | Troy Resources Ltd | 0.037 | 0 | -5 | 0 | -59 | $ 30,073,993.35 |
| MCT | Metalicity Limited | 0.009 | -5 | -10 | 0 | -50 | $ 19,293,943.79 |
| PAK | Pacific American Hld | 0.016 | -11 | -5 | 0 | -18 | $ 7,646,038.43 |
| AWV | Anova Metals Ltd | 0.02 | 0 | 0 | 0 | -23 | $ 28,661,884.00 |
| MEI | Meteoric Resources | 0.018 | 20 | -65 | 0 | -75 | $ 24,420,757.94 |
| MLS | Metals Australia | 0.002 | -20 | 0 | 0 | 0 | $ 10,477,114.72 |
| ADT | Adriatic Metals | 2.45 | -8 | 3 | 0 | 8 | $ 511,891,621.12 |
| CAZ | Cazaly Resources | 0.044 | -2 | -10 | 0 | -6 | $ 16,260,783.75 |
| CWX | Carawine Resources | 0.17 | -15 | -35 | 0 | -24 | $ 23,858,510.73 |
| MVL | Marvel Gold Limited | 0.06 | -18 | 15 | 0 | 18 | $ 35,802,901.29 |
| MRZ | Mont Royal Resources | 0.34 | 3 | 33 | 0 | 24 | $ 19,834,223.34 |
| PUA | Peak Minerals Ltd | 0.015 | -12 | -17 | 0 | -46 | $ 15,620,539.80 |
| IPT | Impact Minerals | 0.013 | 0 | 0 | 0 | -32 | $ 28,333,128.87 |
| GTR | Gti Resources | 0.023 | -18 | -5 | 0 | 8 | $ 25,961,968.24 |
| FAU | First Au Ltd | 0.01 | -9 | -17 | 0 | -41 | $ 7,839,109.49 |
| TMX | Terrain Minerals | 0.008 | -11 | -11 | 0 | -11 | $ 5,886,088.07 |
| PNX | PNX Metals Limited | 0.007 | 0 | -13 | 0 | 0 | $ 25,565,354.58 |
| MKG | Mako Gold | 0.105 | -5 | 25 | 0 | 5 | $ 42,046,576.22 |
| SLZ | Sultan Resources Ltd | 0.165 | 0 | -15 | 0 | -23 | $ 11,473,174.19 |
| AQX | Alice Queen Ltd | 0.01 | 0 | -17 | 0 | -66 | $ 13,702,230.10 |
| NPM | Newpeak Metals | 0.0015 | 0 | -25 | 0 | -50 | $ 15,299,500.07 |
| NML | Navarre Minerals Ltd | 0.0795 | 9 | -15 | -1 | -60 | $ 106,444,427.86 |
| EMR | Emerald Res NL | 1.07 | 0 | 19 | -1 | 26 | $ 575,404,705.49 |
| PDI | Predictive Disc Ltd | 0.2325 | -1 | 202 | -1 | 288 | $ 334,457,489.94 |
| AMI | Aurelia Metals Ltd | 0.43 | 0 | 5 | -1 | 1 | $ 519,563,711.94 |
| CBY | Canterbury Resources | 0.083 | -10 | -10 | -1 | -21 | $ 10,225,477.99 |
| RXL | Rox Resources | 0.355 | -3 | -11 | -1 | -52 | $ 55,950,702.97 |
| WWI | West Wits Mining Ltd | 0.0325 | -2 | -61 | -2 | -45 | $ 56,867,406.29 |
| MOH | Moho Resources | 0.063 | 5 | -3 | -2 | -29 | $ 7,923,850.33 |
| ALK | Alkane Resources Ltd | 0.925 | 15 | -20 | -2 | -1 | $ 541,980,912.20 |
| ARL | Ardea Resources Ltd | 0.47 | -3 | -7 | -2 | 28 | $ 66,638,505.12 |
| KLA | Kirkland Lake Gold | 56.2 | 0 | 12 | -2 | 0 | $ 55,640,000.00 |
| SKY | SKY Metals Ltd | 0.1075 | 22 | -2 | -2 | -43 | $ 41,446,181.70 |
| AM7 | Arcadia Minerals | 0.21 | 2 | 14 | -2 | $ 6,840,000.00 | |
| GSM | Golden State Mining | 0.081 | -15 | -42 | -2 | -57 | $ 6,730,126.79 |
| M24 | Mamba Exploration | 0.2 | 3 | -2 | -2 | $ 7,865,000.60 | |
| A1G | African Gold Ltd. | 0.185 | -3 | -16 | -3 | -4 | $ 23,187,513.96 |
| STK | Strickland Metals | 0.072 | 4 | 60 | -3 | 110 | $ 92,132,422.85 |
| PRX | Prodigy Gold NL | 0.035 | -5 | -13 | -3 | -22 | $ 20,974,593.82 |
| PNR | Pantoro Limited | 0.34 | 3 | 70 | -3 | 58 | $ 479,229,557.32 |
| OBM | Ora Banda Mining Ltd | 0.067 | -9 | -55 | -3 | -78 | $ 64,298,817.33 |
| NVA | Nova Minerals Ltd | 1.135 | -11 | -9 | -3 | -33 | $ 211,737,684.88 |
| MKR | Manuka Resources. | 0.31 | -14 | 2 | -3 | -10 | $ 30,954,774.22 |
| WCN | White Cliff Min Ltd | 0.0155 | -14 | 29 | -3 | -40 | $ 9,491,142.38 |
| BBX | BBX Minerals Ltd | 0.155 | -13 | -37 | -3 | -47 | $ 68,703,221.25 |
| XAM | Xanadu Mines Ltd | 0.029 | 12 | -22 | -3 | -24 | $ 35,253,057.00 |
| MAU | Magnetic Resources | 1.45 | -7 | -5 | -3 | 24 | $ 325,297,087.55 |
| MAT | Matsa Resources | 0.057 | 8 | -21 | -3 | -46 | $ 20,414,813.34 |
| TBA | Tombola Gold Ltd | 0.028 | -18 | -28 | -3 | -42 | $ 20,320,281.80 |
| DTR | Dateline Resources | 0.082 | -8 | -11 | -4 | 64 | $ 37,224,199.18 |
| BNZ | Benzmining | 0.65 | 1 | -19 | -4 | -46 | $ 33,249,383.70 |
| AWJ | Auric Mining | 0.096 | -29 | -31 | -4 | $ 5,382,658.27 | |
| MHC | Manhattan Corp Ltd | 0.012 | 20 | 0 | -4 | -52 | $ 19,078,483.66 |
| IVR | Investigator Res Ltd | 0.069 | -15 | -15 | -4 | -12 | $ 90,300,369.28 |
| LCY | Legacy Iron Ore | 0.022 | 5 | 69 | -4 | -49 | $ 140,950,176.38 |
| NMR | Native Mineral Res | 0.22 | -14 | -11 | -4 | -43 | $ 9,108,992.42 |
| DLC | Delecta Limited | 0.0105 | -19 | 62 | -5 | 75 | $ 12,049,087.05 |
| TAR | Taruga Minerals | 0.036 | -11 | -31 | -5 | -32 | $ 18,946,220.22 |
| OKR | Okapi Resources | 0.35 | -21 | 75 | -5 | 84 | $ 39,421,112.15 |
| G88 | Golden Mile Res Ltd | 0.047 | -6 | -6 | -6 | -16 | $ 8,037,861.42 |
| GMN | Gold Mountain Ltd | 0.015 | -17 | -50 | -6 | -62 | $ 17,122,386.72 |
| YRL | Yandal Resources | 0.37 | -3 | -36 | -6 | -14 | $ 45,184,128.21 |
| ENR | Encounter Resources | 0.15 | 11 | 11 | -9 | -10 | $ 47,522,523.90 |
| M2R | Miramar | 0.17 | -23 | -6 | -11 | -42 | $ 8,468,553.40 |
| AQI | Alicanto Min Ltd | 0.12 | -4 | -11 | -11 | 14 | $ 47,839,202.13 |
| SIH | Sihayo Gold Limited | 0.008 | -11 | -27 | -11 | -56 | $ 29,483,691.30 |
| GML | Gateway Mining | 0.013 | -13 | -28 | -13 | -55 | $ 31,641,489.14 |
| DDD | 3D Resources Limited | 0.003 | -25 | -40 | -14 | -19 | $ 13,581,302.32 |
| MEG | Megado | 0.083 | -17 | -43 | -16 | -55 | $ 3,659,147.83 |
| AL8 | Alderan Resource Ltd | 0.028 | -15 | -33 | -18 | -76 | $ 11,490,284.16 |
Weekly small cap standouts
The company climbed 100% this week off the back of a discovery at its JV Greater Duchess Gold Project with Carnaby Resources (ASX:CNB) in western Queensland.
The assay results outlined an extremely high-grade copper gold discovery at the Nil Desperandum prospect of 41m at 4.1% copper, 0.5g/t gold from 247m, including 24m at 6.5% copper, 0.7g/t gold from 251m, including 9m at 10.3% copper, 1.2g/t gold from 264m.
Carnaby’s MD Rob Watkins said the prospect is shaping up as a major iron oxide copper gold discovery which is rapidly getting bigger and better at depth.
“The scale of the mineralised system we are seeing is exceptional,” he said.
The company announced it had successfully raised approximately $25.5 million (before costs) under an entitlement offer this week, with shares trading up 31%.
Focus says the proceeds will be used to fund plans to resume gold mining operations at its Coolgardie Gold Project which includes the 1.4Mtpa processing plant at Three Mile Hill (on care and maintenance).
An updated PFS in September 2020 highlighted the potential for a low capital cost, fast-tracked return to mining at Coolgardie and delivered an NPV7.5% of $183 million.
The company was up 15% this week, reporting assays from its 17,500m drilling campaign (RC and AV combined) at the Mt Stirling Gold Project of:
- 4m at 4.76g/t gold from 70m including 1m at 9.24g/t from 73m; and
- 3m at 0.99g/t from 9m including 1m at 1.38g/t from1 0m and 2m at 1.14g/t from 15m including 1m at 1.30g/t from 15m
The company says an updated global MRE for the project is on track for the end of Q1 2022.
This under-the-radar ~700,000ozpa gold miner — the result of last year’s merger between ASX-listed Alacer and North American listed SSR — recently dazzled punters with a standout September quarter result.
It reported Q3 production of 186,941oz of gold equivalent at all in sustaining costs (AISC) of US$1,006/oz from its four producing assets in the USA, Turkey, Canada, and Argentina.
That’s a hefty profit margin at current gold prices above $US1,800/oz.
This week SSR announced that that commissioning and ramp-up of the sulphide plant flotation circuit at the Çöpler operation in Turkey had begun.
This is expected to boost processed gold grades, reduce reagent (chemical) use, and increase total sulphide plant throughput and gold production. All good things.
The $21m market cap stock’s share price was unchanged this week.
