• Gold hit a US ATH, then dipped a tad, but not by much. In fact, it’s doing pretty well on the whole…
  • … It’s less volatile than Bitcoin, anyway, which is a good or bad thing depending on outlook
  • Speaking of which, RBC has some fairly cautious perspective on gold right now
  • ASX gold stocks performing well lately include: XAM and KAL, among others

 

What’s happening in the world near and far pertaining to gold on Friday March 22? Let’s take a squizz.

 

The most stoic of metals, the shiny yellow one is up a tad further than this time last week. Which is good, obvs. The US Fed’s reasonably doveish tone earlier in the week, keeping rates unchanged for now and suggesting three rate cuts at some point this year, kinda helped matters.

Here’s where gold’s at, then – at last check.

In Yankee Doodle Dandy dollars, it’s trading at $2,184, having actually hit $2,222 not long after the Fed’s Jerome Powell spoke in the week.

In plastic fantastic Aussie buckeroos, it’s fanged up to $3,325. Which, if isn’t an all-time-high (it isn’t), is pretty darn close to it.

Here’s the Schiff-meister with a take or two…

 

Checking in on… Gold vs Bitcoin

Compared with one of its chief rivals/pretenders/wannabes for a store of value narrative – gold 2.0, that’d be Bitcoin – the yellow metal is a nice, safe ride at Luna Park with non-Death Metal music.

Bitcoin, on the other hand, has a lot more opportunity for potential, outsized gains, but is more volatile than the combined energies of Joe Pesci’s character in Goodfellas, a rugby league player hepped up on horse steroids and buckets of Mad Monday booze, and a 14-year-old who just lost his internet connection in the middle of the, like, most important Fortnite battle, like, f**kin’ ever and stuff.

Store of value? Hmm… if you’ve been in it for the long haul, then yes, but you take the good with the bad, there. Every. Single. Day.

Wrong column, so we’ll shut up about Bitcoin in a second or three, but by the way, it’s been staging a bit of a late-week recovery after its dramatic near 20% dip from recently recorded all-time high of just north of US$73k. It’s currently changing sweaty hands for about US$66k. (Aw nuts, another quick check and it’s now $65k.)

Schiff again…

And here’s something Peter Schiff will hate, from a Bitcoin bug investooor / influencooor…

But sticking to the actual topic at hand, regarding gold commodity investing, frankly, it’s mostly been very decent indeed this year, if not out and out spectacular.

Digging deep into gold company equities, of course, is the far trickier and more volatile area. But there’s the odd sick, crypto-like gainz to be found here and there, we’re reasonably sure, if you’re diligently due and possibly also a bit lucky. (See further below for some of the latest on the ASX.)

That said… that said… not all gold miners are doing amazingly right now. Heavy rain over in WA has proved a pain in the butt for some of the state’s gold production, according to various reports, with Regis Resources (ASX:RRL), Gold Road Resources (ASX:GOR), Capricorn Metals (ASX:CMM) and Westgold Resources (ASX:WGX) , for example, among those dealing with challenging conditions.

Also, the ASX Gold Miners ETF has underperformed gold prices by more than 30% over the past three years, according to UBS analysis.

It’s definitely a tricky area to navigate, like pretty much all resources equities.

https://twitter.com/naiivememe/status/1770831564512838012

Let’s check in with some of the latest pro analysis, however, that we’ve been seeing around the traps. Here’s RBC Capital…

 

RBC Capital isn’t overly sold on gold… for now

Which is to say, it probably isn’t buying it up in droves necessarily right now.

What’s RBC Capital? It’s a global investment bank affiliated to the Royal Bank of Canada, providing services in banking, finance, and capital markets to corporations, institutional investors, asset managers, and governments. As well as North America, it has a strong European, Asian and Aussie presence, too.

Now you kinda know what it is, what is it saying about gold? Among other things, this:

“For gold, most eyes were on the Fed today [March 20], but in our eyes there remain questions. Putting aside the slightly more gold-positive rate narrative, the ongoing lack of investor inflows remains a key concern. Where are those flows going and when will they return?”

Sigh… okay RBC, guess we’ll bite… when, then?

 

Elevated prices vulnerable

“Indeed, a rate cut narrative is gold positive, and indeed, there are wildly under-appreciated geopolitical risks in our view,” continued the RBC analysis, not yet answering our question and then continuing with more questions, that they then quickly answer…

“However, has the rate cut narrative grown as incrementally more gold positive as price moves indicate? In our view, not really.

“In terms of geopolitical or crisis hedging, are we seeing evidence of geopolitical allocations in other assets? No. Thus, in terms of durability, where are the drivers… or is gold simply destined for higher prices?”

To answer that question, the RBC spoilsports said they believe the gold commodity elevated pricing is actually “more vulnerable” than it perhaps seems right now. 

The analysts are not expecting up only [who does? Oh yeah, crypto folk], but a better entry or re-entry point than current levels. 

If a downwards catalyst materialises, RBC views “Q1 and Q2 middle scenario forecasts as better prices to allocate into if they materialize ($2007/oz and $2068/oz, respectively), and think that in most cases, gold will lose steam around our high
scenario prices ($2,226/oz and $2,282/oz in Q1 and Q2, respectively) if/when it gets there.” 

 

ETP inflows weakened

Weak investor allocations is RBC’s chief thesis here, citing weakening gold-backed  ETP inflows since the middle of last year. 

Interestingly, back on the Bitcoin and crypto angle for just a moment, RBC also noted: 

“Some have posited that cryptocurrencies and now the budding bitcoin ETP space could be absorbing those flows,” but countered with:

“We see little evidence of that. The AUM numbers do not neatly stack-up (Figure 1). Likewise, the correlation between gold and crypto currencies remains weak and generally, we still think that there are more diversification reasons to hold both in a portfolio rather than one or the other.”

Fair enough, can’t argue with that last point.

Source: RBC Capital

Re the ETP flows, RBC reckons investors are probably “holding their holdings” flat in value terms rather than tonnage.

Explaining that further: “Given gold’s price gains on average this has meant a heavy outflow in tonnage terms, likely moving into risk assets in our view.”

The analysts concluded with the thought that, if investor flows were actually to perk up, then so would RBC’s confidence in the current elevated prices remaining relatively intact and potentially moving higher.

 

Wait, here are some more bullish takes

In a note on Thursday, UBS, another prominent multinational investment bank (mentioned above re Gold Miner ETF), noted that, while it’s a fact that ETF has been underperforming…

“With gold trading at A$3,340/oz (US$2,180/oz), we remain positive the sector with our forecasts calling for A$3,400/oz (US$2,200/oz) by year end on the US rate easing cycle … Lifting our long-term price could add 10-30% to our net present values; however, pressure continues on delivery for the gold miners.”

UBS’s ASX gold stonks picks right now, by the way, (also per a Market Index summary) are, in the larger end of town:

• Evolution Mining (ASX:EVN) (buy – “on a turnaround”)

• Northern Star Resources (ASX:NST) (neutral – “copper leverage”)

• Newmont Corporation (ASX:NEM) (neutral – despite being “still disappointing”)

And in the smaller end:

De Grey Mining (ASX:DEG) (buy – based on large inventory, geology, lots of “optionality to high prices”)

Gold Road Resources (ASX:GOR) (as above)

Bellevue Gold (ASX:BGL) (neutral)

 

Further positive analysis, as seen on Bloomberg, came from Chris Weston, head of research for Pepperstone Group Ltd:

“What we saw last night was the green light really for gold traders to come back in… They’re tolerant of the inflation that we’ve seen, they’re tolerant that the labor market strength is not going to be the impediment.”

And Marcus Garvey, head of commodities strategy at Macquarie Group Ltd, who said that gold’s move toward $2,300 an ounce is a “reasonable technical target”, adding:

“I think the Fed not taking the opportunity of recently firmer inflation to lean hawkish at their meeting yesterday means gold is now going into a short-term overshoot scenario.”

 

ASX Winners & Losers

Here’s how ASX-listed precious metals stocks are performing, circa 3pm March 22:

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

Stocks missing from this list? Please email [email protected]

 

Code Company Price % Week % Month % Year Market Cap
MRR Minrex Resources Ltd 0.014 4% 8% -33% $14,103,278
NPM Newpeak Metals 0.011 0% -15% -89% $999,517
ASO Aston Minerals Ltd 0.015 0% -12% -86% $19,425,964
MTC Metalstech Ltd 0.16 -9% -18% -53% $32,122,280
FFX Firefinch Ltd 0.2 0% 0% 0% $236,569,315
GED Golden Deeps 0.049 7% 17% -39% $5,314,028
G88 Golden Mile Res Ltd 0.012 0% 0% -20% $4,934,674
DCX Discovex Res Ltd 0.002 0% 0% -33% $6,605,136
NMR Native Mineral Res 0.025 19% 25% -55% $4,614,511
AQX Alice Queen Ltd 0.006 20% 0% -65% $4,145,905
SLZ Sultan Resources Ltd 0.012 -14% -8% -78% $2,371,038
MKG Mako Gold 0.014 17% 17% -68% $13,664,115
KSN Kingston Resources 0.082 0% 12% -12% $41,828,794
AMI Aurelia Metals Ltd 0.14 -3% 27% 40% $253,465,111
PNX PNX Metals Limited 0.005 -9% -17% 67% $26,903,124
GIB Gibb River Diamonds 0.025 -7% -22% -58% $5,287,736
KCN Kingsgate Consolid. 1.21 -11% 0% -34% $323,478,373
TMX Terrain Minerals 0.004 0% -20% -20% $5,726,683
BNR Bulletin Res Ltd 0.07 -9% -15% -20% $18,204,026
NXM Nexus Minerals Ltd 0.049 7% 36% -69% $18,674,886
SKY SKY Metals Ltd 0.033 -3% -15% -27% $14,764,739
LM8 Lunnonmetalslimited 0.275 -7% 22% -73% $57,726,603
CST Castile Resources 0.077 -3% 3% -14% $19,110,292
YRL Yandal Resources 0.09 -5% -14% -1% $24,102,685
FAU First Au Ltd 0.002 0% -33% -33% $3,323,987
ARL Ardea Resources Ltd 0.69 5% 60% 52% $136,926,756
GWR GWR Group Ltd 0.1 -5% 5% -9% $32,121,666
IVR Investigator Res Ltd 0.041 -2% 17% -2% $68,106,822
GTR Gti Energy Ltd 0.008 -6% -11% -26% $16,399,577
IPT Impact Minerals 0.016 14% 33% 60% $40,105,854
BNZ Benzmining 0.195 50% 50% -51% $17,804,476
MOH Moho Resources 0.006 20% -14% -63% $3,235,069
BCM Brazilian Critical 0.023 10% 5% -80% $17,019,007
PUA Peak Minerals Ltd 0.003 0% 20% -40% $3,124,130
MRZ Mont Royal Resources 0.085 25% -9% -48% $7,227,532
SMS Starmineralslimited 0.034 -3% -11% -51% $2,581,375
MVL Marvel Gold Limited 0.01 11% 0% -44% $8,637,907
PRX Prodigy Gold NL 0.005 0% 67% -55% $8,755,539
AAU Antilles Gold Ltd 0.02 -5% -9% -47% $17,967,690
CWX Carawine Resources 0.105 0% 6% 9% $24,793,172
RND Rand Mining Ltd 1.36 -1% 7% -1% $77,351,307
CAZ Cazaly Resources 0.018 -5% -14% -31% $8,183,454
BMR Ballymore Resources 0.13 0% 30% -19% $22,922,976
DRE Dreadnought Resources Ltd 0.017 -6% -15% -72% $59,186,740
ZNC Zenith Minerals Ltd 0.091 -9% -4% -52% $33,476,184
REZ Resourc & En Grp Ltd 0.009 -10% -10% -31% $4,498,252
LEX Lefroy Exploration 0.1 -13% -26% -51% $23,052,725
ERM Emmerson Resources 0.05 -4% -9% -35% $27,235,489
AM7 Arcadia Minerals 0.07 0% 21% -67% $7,633,507
ADT Adriatic Metals 3.92 3% 26% 7% $972,149,601
AS1 Asara Resources Ltd 0.009 -18% -10% -70% $7,939,578
CYL Catalyst Metals 0.655 -4% 35% -34% $151,908,705
CHN Chalice Mining Ltd 1.105 -8% 7% -83% $439,528,534
KAL Kalgoorliegoldmining 0.024 20% 4% -52% $3,962,518
MLS Metals Australia 0.023 -4% -21% -36% $16,976,869
ADN Andromeda Metals Ltd 0.023 -15% 0% -48% $74,646,502
MEI Meteoric Resources 0.2425 3% 39% 111% $477,628,763
SRN Surefire Rescs NL 0.0105 5% -13% -42% $20,856,232
SIH Sihayo Gold Limited 0.0015 50% 50% 50% $18,306,384
WA8 Warriedarresourltd 0.049 -2% 53% -65% $26,113,193
HMX Hammer Metals Ltd 0.038 6% -19% -30% $32,797,072
WCN White Cliff Min Ltd 0.0145 -3% -9% 45% $22,741,424
AVM Advance Metals Ltd 0.038 6% -5% -76% $1,523,228
WRM White Rock Min Ltd 0.063 0% 0% 0% $17,508,200
ASR Asra Minerals Ltd 0.005 25% 0% -55% $8,319,979
MCT Metalicity Limited 0.002 0% 0% -33% $11,212,634
AME Alto Metals Limited 0.03 0% 3% -55% $23,088,742
CTO Citigold Corp Ltd 0.004 0% 0% -20% $15,000,000
TIE Tietto Minerals 0.6075 -1% -1% 5% $694,882,627
SMI Santana Minerals Ltd 1.3 -2% 17% 73% $234,797,637
M2R Miramar 0.018 20% -5% -58% $2,828,521
MHC Manhattan Corp Ltd 0.003 20% 0% -40% $7,342,449
GRL Godolphin Resources 0.033 -8% -23% -49% $5,584,987
SVG Savannah Goldfields 0.027 -13% -10% -85% $7,870,378
EMC Everest Metals Corp 0.08 0% -1% 7% $13,142,649
GUL Gullewa Limited 0.055 0% -2% -2% $11,262,521
CY5 Cygnus Metals Ltd 0.054 6% -19% -77% $15,744,194
G50 Gold50Limited 0.145 51% 67% -34% $10,929,000
ADV Ardiden Ltd 0.15 7% -9% -46% $9,690,213
AAR Astral Resources NL 0.059 -3% -3% -21% $47,585,852
VMC Venus Metals Cor Ltd 0.089 -1% -7% 2% $16,885,853
NAE New Age Exploration 0.004 0% 0% -33% $7,175,596
VKA Viking Mines Ltd 0.011 10% -8% 10% $11,277,843
LCL LCL Resources Ltd 0.013 0% 18% -59% $11,462,706
MTH Mithril Resources 0.002 0% 0% 0% $6,737,609
ADG Adelong Gold Limited 0.004 -11% 0% -60% $3,521,956
RMX Red Mount Min Ltd 0.002 0% 0% -50% $5,347,152
PRS Prospech Limited 0.038 9% 27% 64% $9,455,205
TTM Titan Minerals 0.031 15% 48% -49% $51,944,086
NML Navarre Minerals Ltd 0.019 0% 0% -34% $28,555,654
MZZ Matador Mining Ltd 0.042 5% 15% -48% $21,511,104
KZR Kalamazoo Resources 0.087 -5% -13% -38% $15,033,104
BCN Beacon Minerals 0.024 -4% 9% -14% $90,162,436
MAU Magnetic Resources 1.005 0% 2% 52% $253,230,614
BC8 Black Cat Syndicate 0.205 -13% 3% -41% $66,107,485
EM2 Eagle Mountain 0.06 -19% -8% -63% $21,042,714
EMR Emerald Res NL 2.8 -12% -1% 77% $1,833,838,632
BYH Bryah Resources Ltd 0.011 38% 38% -38% $4,354,535
HCH Hot Chili Ltd 1.1 8% 1% 20% $136,167,535
WAF West African Res Ltd 1.08 7% 26% 8% $1,129,231,613
MEU Marmota Limited 0.046 -10% -4% 21% $50,822,428
NVA Nova Minerals Ltd 0.285 0% 6% -35% $59,049,217
SVL Silver Mines Limited 0.16 -3% 19% -3% $263,906,345
PGD Peregrine Gold 0.21 -9% -21% -42% $14,191,468
ICL Iceni Gold 0.024 -4% -33% -73% $5,670,904
FG1 Flynngold 0.041 -5% -21% -47% $6,729,777
WWI West Wits Mining Ltd 0.014 -7% 8% 17% $36,455,875
RML Resolution Minerals 0.003 -14% -25% -50% $3,779,990
AAJ Aruma Resources Ltd 0.017 0% 13% -69% $3,544,047
AL8 Alderan Resource Ltd 0.0045 0% 13% -36% $4,980,876
GMN Gold Mountain Ltd 0.004 0% -20% 0% $14,877,528
MEG Megado Minerals Ltd 0.011 0% -15% -71% $2,544,556
HMG Hamelingoldlimited 0.074 0% 1% -18% $11,655,000
TBA Tombola Gold Ltd 0.026 0% 0% 0% $33,129,243
BM8 Battery Age Minerals 0.1 -26% -38% -72% $9,634,833
TBR Tribune Res Ltd 3.61 6% 24% 2% $198,329,331
FML Focus Minerals Ltd 0.19 12% 19% 3% $51,580,556
GSR Greenstone Resources 0.008 14% 14% -64% $9,576,794
VRC Volt Resources Ltd 0.006 9% 0% -40% $20,650,533
ARV Artemis Resources 0.018 0% 6% 20% $30,441,531
HRN Horizon Gold Ltd 0.3 3% 9% -11% $42,727,777
CLA Celsius Resource Ltd 0.014 8% 17% -7% $31,444,723
QML Qmines Limited 0.07 8% -5% -56% $15,605,497
RDN Raiden Resources Ltd 0.026 8% 4% 584% $66,414,628
TCG Turaco Gold Limited 0.17 3% 48% 158% $99,975,111
KCC Kincora Copper 0.037 6% 9% -47% $6,135,504
GBZ GBM Rsources Ltd 0.009 0% 0% -71% $10,183,648
DTM Dart Mining NL 0.017 13% 21% -55% $4,096,433
MKR Manuka Resources. 0.077 -13% 3% 43% $50,676,964
AUC Ausgold Limited 0.031 0% 24% -38% $71,180,377
ANX Anax Metals Ltd 0.022 0% 10% -63% $12,476,303
EMU EMU NL 0.001 0% 0% -50% $2,024,771
SFM Santa Fe Minerals 0.045 0% 0% -22% $3,276,846
SSR SSR Mining Inc. 6.04 -3% -12% -72% $30,572,113
PNR Pantoro Limited 0.0635 15% 51% -5% $301,833,770
CMM Capricorn Metals 4.97 2% 13% 5% $1,894,688,716
X64 Ten Sixty Four Ltd 0.57 0% 0% 0% $130,184,182
SI6 SI6 Metals Limited 0.004 0% 0% -20% $9,475,438
HAW Hawthorn Resources 0.075 1% -9% -14% $25,126,171
BGD Bartongoldholdings 0.275 -2% 10% 25% $55,042,953
SVY Stavely Minerals Ltd 0.03 -12% -3% -84% $11,458,203
AGC AGC Ltd 0.076 9% -5% 46% $16,888,889
RGL Riversgold 0.008 0% -11% -47% $7,741,292
TSO Tesoro Gold Ltd 0.029 -17% 26% 0% $36,887,421
GUE Global Uranium 0.105 0% -19% -28% $27,668,899
CPM Coopermetalslimited 0.12 -14% -53% -50% $9,794,456
MM8 Medallion Metals. 0.057 -2% 0% -53% $17,536,144
FFM Firefly Metals Ltd 0.7075 19% 40% 10% $259,326,382
CBY Canterbury Resources 0.033 10% 27% -18% $5,667,450
LYN Lycaonresources 0.16 10% -16% -18% $7,489,563
SFR Sandfire Resources 8.65 2% 18% 54% $3,971,263,991
TMZ Thomson Res Ltd 0.005 0% 0% 0% $4,881,018
TAM Tanami Gold NL 0.034 3% 13% -3% $38,778,203
WMC Wiluna Mining Corp 0.205 0% 0% 0% $74,238,031
NWM Norwest Minerals 0.027 -10% -21% -10% $9,702,977
ALK Alkane Resources Ltd 0.58 -1% 16% -20% $362,062,390
BMO Bastion Minerals 0.01 11% 0% -64% $3,520,124
IDA Indiana Resources 0.079 -4% -4% 65% $48,769,628
GSM Golden State Mining 0.01 -17% -9% -69% $2,793,706
NSM Northstaw 0.044 29% 10% -69% $6,154,534
GSN Great Southern 0.022 -4% 16% 22% $16,601,974
RED Red 5 Limited 0.3575 -2% 21% 155% $1,229,649,195
DEG De Grey Mining 1.2175 -5% -3% -23% $2,323,338,234
THR Thor Energy PLC 0.024 -4% -8% -40% $4,420,131
CDR Codrus Minerals Ltd 0.041 -2% -13% -54% $3,787,888
MDI Middle Island Res 0.017 13% 6% -55% $3,700,118
WTM Waratah Minerals Ltd 0.088 35% 6% -27% $12,845,347
POL Polymetals Resources 0.3 13% 15% 62% $47,285,342
RDS Redstone Resources 0.004 0% 0% -60% $3,701,514
NAG Nagambie Resources 0.014 -7% -42% -70% $11,152,899
BGL Bellevue Gold Ltd 1.9025 15% 34% 57% $2,342,910,283
GBR Greatbould Resources 0.06 -5% -3% -33% $37,212,846
KAI Kairos Minerals Ltd 0.013 -7% -7% -32% $34,071,858
KAU Kaiser Reef 0.13 -4% 0% -28% $20,525,267
HRZ Horizon 0.034 0% 6% -32% $23,833,445
CAI Calidus Resources 0.12 -27% -23% -49% $101,086,600
CDT Castle Minerals 0.007 0% 17% -61% $7,959,204
RSG Resolute Mining 0.38 3% 10% 1% $851,620,005
MXR Maximus Resources 0.031 -11% 3% -11% $9,949,319
EVN Evolution Mining Ltd 3.415 1% 13% 18% $6,890,995,820
CXU Cauldron Energy Ltd 0.038 -5% 0% 543% $49,773,345
DLI Delta Lithium 0.3125 -5% 1% -1% $228,290,285
ALY Alchemy Resource Ltd 0.007 0% -13% -50% $8,246,534
HXG Hexagon Energy 0.023 44% 77% 109% $11,797,066
OBM Ora Banda Mining Ltd 0.26 2% 6% 86% $451,749,526
SLR Silver Lake Resource 1.1775 -2% 17% 2% $1,121,693,200
AVW Avira Resources Ltd 0.001 0% 0% -50% $2,133,790
LCY Legacy Iron Ore 0.014 -7% -13% -18% $115,703,224
PDI Predictive Disc Ltd 0.225 -6% 18% 25% $477,536,140
MAT Matsa Resources 0.027 -7% -10% -27% $13,885,897
ZAG Zuleika Gold Ltd 0.019 12% -5% 36% $14,721,710
GML Gateway Mining 0.025 -7% -7% -42% $8,636,486
SBM St Barbara Limited 0.165 0% 6% -43% $139,054,965
SBR Sabre Resources 0.019 0% -10% -24% $7,110,977
STK Strickland Metals 0.088 -1% 7% 138% $146,174,326
ION Iondrive Limited 0.009 0% -10% -53% $4,376,568
CEL Challenger Gold Ltd 0.076 -5% 1% -34% $98,371,133
LRL Labyrinth Resources 0.005 0% 0% -42% $7,125,262
NST Northern Star 13.555 -3% 3% 16% $15,755,821,500
OZM Ozaurum Resources 0.053 -36% -27% 26% $8,255,000
TG1 Techgen Metals Ltd 0.031 -3% -30% -50% $4,068,242
XAM Xanadu Mines Ltd 0.063 47% 43% 91% $113,256,397
AQI Alicanto Min Ltd 0.03 -6% 25% -32% $18,460,104
KTA Krakatoa Resources 0.009 -10% -44% -70% $4,248,965
ARN Aldoro Resources 0.078 -3% -22% -63% $10,500,652
WGX Westgold Resources. 2.445 -2% 28% 114% $1,174,584,370
MBK Metal Bank Ltd 0.023 5% 35% -22% $8,980,564
A8G Australasian Metals 0.072 0% -18% -54% $3,700,555
TAR Taruga Minerals 0.008 14% 0% -50% $5,648,214
DTR Dateline Resources 0.015 15% 25% -17% $20,338,991
GOR Gold Road Res Ltd 1.525 -4% 10% -7% $1,639,413,745
S2R S2 Resources 0.1325 -5% -2% -5% $58,871,539
NES Nelson Resources. 0.0035 17% -13% -13% $2,147,580
TLM Talisman Mining 0.175 -3% -10% 30% $32,014,459
BEZ Besragoldinc 0.14 0% -7% 133% $58,534,127
PRU Perseus Mining Ltd 2.045 -3% 22% -11% $2,870,748,668
SPQ Superior Resources 0.0095 -21% -5% -83% $18,010,984
PUR Pursuit Minerals 0.0045 -10% 13% -78% $14,719,857
RMS Ramelius Resources 1.6825 5% 21% 52% $1,975,073,665
PKO Peako Limited 0.005 -17% 67% -50% $2,635,424
ICG Inca Minerals Ltd 0.005 -17% -17% -75% $4,792,627
A1G African Gold Ltd. 0.035 0% 0% -53% $5,925,892
OAU Ora Gold Limited 0.006 0% 0% 200% $31,570,005
GNM Great Northern 0.015 -12% -12% -71% $2,319,436
KRM Kingsrose Mining Ltd 0.034 6% 10% -44% $23,328,322
BTR Brightstar Resources 0.015 -12% 25% -6% $37,926,062
RRL Regis Resources 1.855 -4% -4% -2% $1,420,036,959
M24 Mamba Exploration 0.026 4% -19% -71% $4,602,057
TRM Truscott Mining Corp 0.051 9% 2% 9% $8,148,252
TNC True North Copper 0.071 -13% -15% 34% $28,821,959
MOM Moab Minerals Ltd 0.006 -14% -14% -14% $3,559,817
KNB Koonenberrygold 0.022 -12% 1% -45% $3,305,075
AWJ Auric Mining 0.165 10% 43% 259% $20,937,535
AZS Azure Minerals 3.645 1% 1% 1179% $1,660,420,062
ENR Encounter Resources 0.245 -8% 2% 96% $106,596,457
SNG Siren Gold 0.057 -5% -2% -40% $11,261,960
STN Saturn Metals 0.18 9% 20% -5% $41,398,833
USL Unico Silver Limited 0.125 14% 30% -11% $37,006,449
PNM Pacific Nickel Mines 0.034 -15% -11% -53% $13,384,099
AYM Australia United Min 0.003 0% 0% 0% $5,527,732
ANL Amani Gold Ltd 0.001 0% 0% 0% $25,143,441
HAV Havilah Resources 0.17 6% 13% -48% $52,245,470
SPR Spartan Resources 0.585 -9% 18% 485% $579,187,888
PNT Panthermetalsltd 0.035 -8% -22% -75% $3,050,816
MEK Meeka Metals Limited 0.038 6% 12% -12% $46,918,939
GMD Genesis Minerals 1.795 -5% 15% 72% $2,154,112,005
PGO Pacgold 0.155 3% 15% -59% $13,042,543
FEG Far East Gold 0.135 0% -4% -55% $25,284,869
MI6 Minerals260Limited 0.15 0% -17% -50% $36,270,000
IGO IGO Limited 7.21 -7% 2% -40% $5,550,773,069
GAL Galileo Mining Ltd 0.265 8% 13% -62% $57,311,229
RXL Rox Resources 0.16 0% 3% -47% $59,096,682
KIN KIN Min NL 0.062 -10% 2% 41% $74,223,485
CLZDC Classic Min Ltd 0.017 -66% -66% -83% $4,640,431
TGM Theta Gold Mines Ltd 0.16 28% 19% 167% $113,846,374
FAL Falconmetalsltd 0.12 0% 9% -68% $20,355,000
SXG Southern Cross Gold 1.94 0% 46% 194% $184,026,802
SPD Southernpalladium 0.33 2% -20% -37% $14,215,848
ORN Orion Minerals Ltd 0.014 0% 8% 0% $76,001,701
TMB Tambourahmetals 0.078 -19% -11% -22% $6,801,109
TMS Tennant Minerals Ltd 0.028 4% -7% -7% $22,170,884
AZY Antipa Minerals Ltd 0.013 0% 8% -28% $49,617,695
PXX Polarx Limited 0.013 -7% 3% 22% $19,675,401
TRE Toubani Res Ltd 0.12 -8% 0% -25% $15,394,552
AUN Aurumin 0.035 0% -8% 9% $14,864,395
GPR Geopacific Resources 0.019 12% 23% -23% $15,612,630
FXG Felix Gold Limited 0.03 0% -9% -71% $6,216,453
ILT Iltani Resources Lim 0.145 -3% -9% 0% $4,931,523
ARD Argent Minerals 0.01 0% 11% -9% $12,917,590
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Some notable weekly gainers

Xanadu Mines (ASX:XAM) +47%

Hexagon Energy Materials (ASX:HXG:) +44%

Bryah Resources (ASX:BYH) +38%

Waratah Minerals (ASX:WTM) +35%

Kalgoorlie Gold Mining (ASX:KAL) +20%

 

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