• Just five miners/ near-term gold miners are in the green over the past 12 months
  • They include Tietto Minerals, Ora Banda Mining, Emerald Resources, Capricorn Metals and Perseus Mining
  • Top precious metals stocks this week: Hamelin Gold, Zuleika Gold

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

 

It’s a been a rough ride for gold producers over the past 12 month due to a combination of increasing operating costs and weak prices.

Not many have enjoyed share price returns. In fact, just five miners/ near-term miners are in the green over the past 12 months.

Most of them feature in Josh Chiat’s must-read article ‘Which ASX gold miners are getting the best bang for their buck?’, which profiles the lowest cost producers on the ASX.

English crooner Billy Ocean once said: ‘When the going gets tough, the tough get going’. Here are the ASX’s toughest goldies.

 

TIETTO MINERALS (ASX:TIE) 69%

Barry Fitz reckons these guys are a takeover target.

Construction at TIE’s 3.45Moz Abujar gold project in Côte D’Ivoire remains on schedule and budget, the company said last month.

First gold pour is pencilled in for the current quarter, with Abujar forecast to produce 260,000oz gold in 2023.

The company – which has no debt – says it will deliver an update on Abujar’s life of mine production plan later this month “targeting a material increase to existing LOM production” using an updated mineral resource estimate, increased mill throughput, and higher gold prices.

The spot price is ~17% higher than the $US1,407/oz used in the DFS, it says.

WATCH: Two explorers on the hunt on the African Gold Coast

 

CAPRICORN METALS (ASX:CMM) 29%

One of the lowest cost gold producers on the ASX, alongside PRU and EMR mentioned below.

Capricorn Metals was once a takeover target for Regis Resources (ASX:RRL), a respected mid-tier WA gold miner.

Now CMM, whose management team is headed by former Regis boss Mark Clark, is worth more than its one-time suitor.

Operationally, Capricorn had been hitting its straps, with its production of 31,005oz at AISC of $1166/oz projecting at the top of end of FY23 production guidance (115,000-125,000oz) and bottom end of cost guidance ($1160-1260/oz).

It comes after Karlawinda helped CMM deliver a maiden profit after tax of $89.5m in FY22, its first year of operations, with cashflow from the mine of $38.5m in the September quarter, up from $38.1m in the June quarter.

 

PERSEUS MINING (ASX:PRU) 17%

This consistent, can-do-no-wrong West African goldie announced record Q1 FY23 production in of 137,460oz; 12% more than in the June 2022 quarter.

Perseus is on track to achieve 240,000-265,000oz guidance for the December 2022 half year, it says.

Remarkably, costs actually reduced.

PRU’s average AISC dropped 12% to US$879 per ounce during the quarter — well below market guidance of $1,000 – $1,100 per ounce for the December 2022 half year.

PRU is also spreading its wings.

Already on track to produce at a 500,000ozpa rate from its Yaoure and Sissingue mines in Cote d’Ivoire and Edikan in Ghana, the gold miner bought out Canada’s Orca Gold earlier this year to add the Block 14 project to its portfolio, a frontier asset on Sudan’s northern border with Egypt.

 

EMERALD RESOURCES (ASX:EMR) 13%

Another low-cost gold miner in an unusual jurisdiction.

EMR owns the Okvau gold mine in Cambodia, where it is a first mover, with the $120 million mine opened in 2021 considered the first commercial gold mining operation in the Southeast Asian country.

So far it has been a winner, delivering over 100,000oz in its first full year of operation in FY22, including commissioning.

After official commercial production of 88,171oz at US$754/oz in 2022, the September quarter was a reasonably strong start, with 23,217oz produced despite a SAG mill gearbox failure and what the miner called a “99th percentile” wet season.

That saw costs finish slightly above its US$740-810/oz forecast at US$824/oz. Still very good.

The company, which also took majority control of WA gold explorer Bullseye Mining this year, has maintained FY23 forecasts of US$740-810/oz AISC and production of 25-30,000oz per quarter.

 

ORA BANDA MINING (ASX:OBM) 10%

An outlier on this list is OBM, which has historically struggled to make a go of its troubled Davyhurst gold operation near Kalgoorlie.

Ongoing cost and performance issues prompting the company to initiate a strategic review and ‘reset’ of its operations earlier this year.

In early July, OBM secured the services of a new chief exec to improve its fortunes.

Luke Creagh is a veteran mining engineer who most recently served as chief operating officer at Australia’s #2 gold miner Northern Star Resources (ASX:NST).

Since then, the stock has gained 150%.

 

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 1 WEEK RETURN % 1 MONTH RETURN % 6 MONTH RETURN % 1 YEAR RETURN % PRICE MARKET CAP
RMX Red Mountain Mining 33% 20% -33% -40% 0.006 $8,211,819
SPQ Superior Resources 33% 28% 54% 275% 0.06 $102,073,225
HMG Hamelin Gold 30% 70% 26% 0% 0.195 $19,800,000
ZAG Zuleika Gold Ltd 22% 22% -27% 5% 0.022 $11,474,114
GSM Golden State Mining 18% -2% -48% -62% 0.04 $4,680,568
KCC Kincora Copper 17% 13% -30% -50% 0.07 $5,215,895
BBX BBX Minerals Ltd 15% 15% -43% -55% 0.069 $33,583,782
DCN Dacian Gold Ltd 15% 67% -30% -28% 0.155 $182,520,141
NAE New Age Exploration 14% 0% -33% -27% 0.008 $11,487,191
MVL Marvel Gold Limited 14% -7% -44% -62% 0.025 $17,612,359
GRL Godolphin Resources 14% 11% -26% -37% 0.092 $10,653,250
GBR Greatbould Resources 13% -2% 2% -37% 0.098 $38,481,368
KSN Kingston Resources 13% 2% -44% -56% 0.09 $35,965,506
THR Thor Mining PLC 13% -10% -36% -44% 0.009 $8,814,388
TTM Titan Minerals 12% -1% -16% -29% 0.075 $110,079,309
RMS Ramelius Resources 12% 17% -44% -51% 0.7925 $697,837,032
NVA Nova Minerals Ltd 12% 24% 5% -47% 0.77 $148,765,633
ENR Encounter Resources 11% 30% 0% -25% 0.15 $54,424,496
MXR Maximus Resources 10% -6% -51% -44% 0.044 $14,031,854
CXU Cauldron Energy Ltd 10% -8% -21% -56% 0.011 $5,889,524
MI6 Minerals260Limited 10% 25% -24% -31% 0.33 $68,200,000
PGD Peregrine Gold 10% -27% -5% 22% 0.45 $17,424,700
YRL Yandal Resources 9% -17% -52% -73% 0.12 $17,583,569
NWM Norwest Minerals 9% 41% -9% -38% 0.048 $10,439,047
AQI Alicanto Min Ltd 9% -14% -63% -76% 0.036 $14,854,090
CAI Calidus Resources 9% -28% -61% -38% 0.365 $159,790,322
LYN Lycaonresources 8% -13% -33% 0% 0.27 $8,618,063
S2R S2 Resources 7% 7% 0% -24% 0.145 $51,717,854
HRZ Horizon 7% -11% -56% -51% 0.059 $36,747,927
NMR Native Mineral Res 7% 3% -12% -30% 0.15 $9,097,477
ARN Aldoro Resources 7% 33% 2% -42% 0.3 $33,176,195
DTM Dart Mining NL 6% -4% -7% -35% 0.068 $10,557,691
KWR Kingwest Resources 6% 3% -82% -73% 0.034 $9,578,712
AGC AGC Ltd 6% 0% -28% -33% 0.07 $4,673,183
MAT Matsa Resources 5% 8% -39% -37% 0.039 $16,062,330
HMX Hammer Metals Ltd 5% 29% -37% 19% 0.063 $51,663,733
HAV Havilah Resources 5% 11% 66% 70% 0.315 $94,991,763
CDR Codrus Minerals Ltd 5% -6% -24% -50% 0.068 $2,720,000
M2R Miramar 4% 4% -44% -49% 0.095 $6,714,766
MOH Moho Resources 4% -11% -40% -59% 0.024 $4,983,893
SVY Stavely Minerals Ltd 4% -6% -63% -68% 0.145 $46,828,425
KAI Kairos Minerals Ltd 3% -6% -3% 3% 0.03 $56,958,711
ICG Inca Minerals Ltd 3% -22% -66% -75% 0.032 $16,872,199
PDI Predictive Disc Ltd 3% -8% -28% -15% 0.17 $290,479,262
CHZ Chesser Resources 3% -11% -30% -48% 0.07 $41,168,618
PNM Pacific Nickel Mines 3% -14% -21% -40% 0.072 $25,799,719
TGM Theta Gold Mines Ltd 3% 21% -38% -58% 0.081 $47,531,768
GSN Great Southern 2% 39% -14% -25% 0.05 $29,004,521
LM8 Lunnonmetalslimited 2% -8% -23% 107% 0.785 $87,351,521
TUL Tulla Resources 1% -11% -36% -26% 0.39 $76,225,239
KIN KIN Min NL 1% 11% 3% -33% 0.081 $84,930,243
MRR Minrex Resources Ltd 1% 1% -33% 124% 0.0425 $45,508,751
CY5 Cygnus Gold Limited 1% 98% 219% 209% 0.495 $79,014,037
NPM Newpeak Metals 0% 0% 0% 0% 0.001 $8,853,750
FFX Firefinch Ltd 0% 0% -47% -6% 0.2 $236,248,644
AQX Alice Queen Ltd 0% -17% -58% -79% 0.0025 $5,500,625
PNX PNX Metals Limited 0% -11% -27% -41% 0.004 $17,776,231
TMX Terrain Minerals 0% 0% -30% -13% 0.007 $5,325,327
NXM Nexus Minerals Ltd 0% -13% -45% -59% 0.165 $52,544,796
CST Castile Resources 0% 0% -35% -51% 0.12 $29,028,291
PUA Peak Minerals Ltd 0% -25% -63% -60% 0.006 $7,289,595
MRZ Mont Royal Resources 0% -17% -46% -55% 0.19 $12,736,831
SMS Starmineralslimited 0% -3% -59% -58% 0.085 $2,514,300
PRX Prodigy Gold NL 0% 10% -38% -63% 0.011 $19,226,711
CWX Carawine Resources 0% -9% -59% -57% 0.086 $11,853,754
ADT Adriatic Metals 0% 26% 4% -10% 2.51 $525,467,053
ADN Andromeda Metals Ltd 0% 3% -59% -76% 0.04 $121,290,329
MEI Meteoric Resources 0% 8% -10% -32% 0.013 $19,841,866
SRN Surefire Rescs NL 0% 0% -73% 18% 0.013 $20,557,725
AWV Anova Metals Ltd 0% -6% 15% -29% 0.015 $23,971,413
MCT Metalicity Limited 0% 0% -31% -54% 0.004 $13,968,157
CTO Citigold Corp Ltd 0% 20% -25% -40% 0.006 $17,001,955
TRY Troy Resources Ltd 0% 0% 0% 0% 0.0295 $62,920,961
CGN Crater Gold Min Ltd 0% 0% 0% 0% 0.017 $21,063,474
SVG Savannah Goldfields 0% 10% 22% 28% 0.22 $35,720,672
TSC Twenty Seven Co. Ltd 0% 0% -29% -48% 0.002 $7,982,442
GUL Gullewa Limited 0% 3% -17% -27% 0.062 $11,835,992
VMC Venus Metals Cor Ltd 0% -3% -19% -17% 0.15 $24,011,802
VKA Viking Mines Ltd 0% 14% -11% -64% 0.008 $8,202,067
LCL Los Cerros Limited 0% -18% -74% -84% 0.023 $14,314,275
XTC Xantippe Res Ltd 0% -13% -46% 75% 0.007 $61,089,224
KZR Kalamazoo Resources 0% -9% -47% -44% 0.195 $29,019,778
BCN Beacon Minerals 0% -4% -29% -23% 0.024 $90,162,436
AAJ Aruma Resources Ltd 0% 30% -28% -19% 0.07 $10,987,305
GMN Gold Mountain Ltd 0% -14% -14% -68% 0.006 $10,382,044
PF1 Pathfinder Resources 0% 0% 0% 79% 0.5 $26,560,505
GSR Greenstone Resources 0% -57% -19% 0% 0.026 $27,939,053
MKR Manuka Resources. 0% -4% -51% -63% 0.135 $38,612,751
EMU EMU NL 0% -33% -67% -78% 0.006 $4,123,609
SFM Santa Fe Minerals 0% 2% -24% -5% 0.087 $6,335,235
HAW Hawthorn Resources 0% -6% -56% 56% 0.084 $28,015,311
BGD Bartongoldholdings 0% -7% -35% -15% 0.14 $12,034,291
RVR Red River Resources 0% -10% -66% -65% 0.073 $37,847,908
CBY Canterbury Resources 0% 0% -29% -60% 0.044 $5,897,035
WMC Wiluna Mining Corp 0% 0% -63% -77% 0.205 $74,238,031
BAT Battery Minerals Ltd 0% 0% -53% -65% 0.0045 $13,163,591
RDS Redstone Resources 0% 0% -26% -56% 0.007 $5,157,827
AVW Avira Resources Ltd 0% -25% -40% -50% 0.003 $6,401,370
CEL Challenger Exp Ltd 0% 0% -48% -45% 0.155 $161,961,244
DTR Dateline Resources 0% -15% -39% -16% 0.07 $39,345,622
NES Nelson Resources. 0% -31% -57% -78% 0.007 $2,060,080
OAU Ora Gold Limited 0% -6% -50% -44% 0.008 $7,873,850
GNM Great Northern 0% 0% -33% -56% 0.004 $6,836,204
KRM Kingsrose Mining Ltd 0% 8% -25% -17% 0.054 $41,388,959
TRM Truscott Mining Corp 0% 3% -33% 17% 0.034 $5,367,598
DEX Duke Exploration 0% 8% -62% -71% 0.053 $4,781,191
KNB Koonenberrygold 0% -1% -21% -54% 0.079 $5,984,759
AWJ Auric Mining 0% -8% -16% -37% 0.072 $5,506,816
AYM Australia United Min 0% 0% -43% -60% 0.004 $7,370,310
PNT Panthermetalsltd 0% 8% -19% 0% 0.195 $5,947,500
CMM Capricorn Metals 0% 11% -16% 29% 3.43 $1,275,084,881
EMR Emerald Res NL 0% 2% 0% 13% 1.095 $652,851,081
RDT Red Dirt Metals Ltd -1% -8% 12% -26% 0.525 $178,010,098
SLZ Sultan Resources Ltd -1% 13% -34% -45% 0.099 $8,245,155
HCH Hot Chili Ltd -2% 11% -38% -59% 0.975 $116,459,076
BMO Bastion Minerals -2% -19% -66% -77% 0.064 $6,074,663
ANX Anax Metals Ltd -2% 4% -41% -48% 0.057 $23,120,805
ZNC Zenith Minerals Ltd -2% -2% -28% 19% 0.28 $96,533,438
LEX Lefroy Exploration -2% -7% -11% -24% 0.28 $40,844,907
GBZ GBM Rsources Ltd -2% 46% -49% -58% 0.054 $30,278,550
AGG AngloGold Ashanti -2% -4% -30% -20% 3.95 $352,370,672
IVR Investigator Res Ltd -2% 7% -18% -30% 0.047 $61,378,428
MEU Marmota Limited -2% -4% -28% 2% 0.046 $48,704,826
TIE Tietto Minerals -2% 40% 41% 69% 0.685 $734,078,693
MAU Magnetic Resources -2% 1% -45% -49% 0.81 $185,160,602
BEZ Besragoldinc -2% 10% -27% -73% 0.04 $10,084,549
MLS Metals Australia -3% -5% -70% -3% 0.039 $23,067,375
TAM Tanami Gold NL -3% -14% -34% -45% 0.039 $45,828,785
POL Polymetals Resources -3% 26% 44% 44% 0.195 $8,236,538
GMR Golden Rim Resources -3% -10% -46% -58% 0.038 $11,928,709
EM2 Eagle Mountain -3% -12% -41% -73% 0.185 $49,629,037
MM8 Medallion Metals. -3% 3% -38% -16% 0.165 $23,092,585
TAR Taruga Minerals -3% 0% 67% -32% 0.03 $16,849,777
MEK Meeka Metals Limited -3% -2% 16% 18% 0.058 $62,448,094
AAR Astral Resources NL -3% -22% -37% -32% 0.056 $37,262,959
XAM Xanadu Mines Ltd -3% -3% -10% 4% 0.028 $39,543,286
NST Northern Star -3% 12% -10% -3% 8.62 $10,027,920,503
BRB Breaker Res NL -4% 31% 10% -21% 0.275 $89,606,255
SFR Sandfire Resources -4% -2% -37% -36% 3.54 $1,468,450,157
FML Focus Minerals Ltd -4% 4% -43% -50% 0.135 $38,685,417
PRU Perseus Mining Ltd -4% 21% -7% 17% 1.8175 $2,446,763,748
MKG Mako Gold -4% -13% -50% -57% 0.04 $18,768,493
TLM Talisman Mining -4% 0% -21% -7% 0.13 $24,406,135
MTC Metalstech Ltd -4% -11% 21% 12% 0.375 $63,423,596
STN Saturn Metals -4% 0% -36% -46% 0.25 $32,474,794
NCM Newcrest Mining -4% 3% -35% -28% 17.24 $15,487,973,885
M24 Mamba Exploration -4% -8% -8% -47% 0.12 $5,061,000
CDT Castle Minerals -4% 0% -52% 28% 0.023 $22,988,339
TG1 Techgen Metals Ltd -4% -32% -23% -39% 0.115 $6,296,130
A8G Australasian Metals -4% -19% -49% -65% 0.23 $9,469,214
AAU Antilles Gold Ltd -4% -4% -31% -42% 0.045 $18,710,292
FG1 Flynngold -5% 0% -30% -30% 0.105 $6,726,410
RGL Riversgold -5% 24% -36% 102% 0.042 $31,828,343
BGL Bellevue Gold Ltd -5% 1% -21% -15% 0.735 $780,407,879
EVN Evolution Mining Ltd -5% -1% -49% -44% 1.985 $3,660,653,699
KCN Kingsgate Consolid. -5% 3% 18% 17% 1.63 $360,752,338
KAL Kalgoorliegoldmining -5% -23% -29% 0% 0.1 $7,243,460
TCG Turaco Gold Limited -5% -7% -56% -73% 0.04 $17,108,667
OBM Ora Banda Mining Ltd -5% 33% 120% 10% 0.077 $107,293,082
REZ Resourc & En Grp Ltd -5% 0% -57% -61% 0.019 $9,496,310
OZM Ozaurum Resources -5% -5% -46% -50% 0.075 $5,228,700
RRL Regis Resources -5% -6% -25% -23% 1.48 $1,132,538,888
QML Qmines Limited -5% 24% -36% -51% 0.18 $14,391,302
TMZ Thomson Res Ltd -5% -16% -45% -75% 0.018 $14,514,604
LRL Labyrinth Resources -5% -5% -49% -58% 0.018 $14,847,235
AZS Azure Minerals -5% 51% -20% -35% 0.265 $85,452,323
SNG Siren Gold -5% -13% -58% -53% 0.175 $20,461,958
GAL Galileo Mining Ltd -5% -20% 393% 354% 1.135 $222,084,293
GMD Genesis Minerals -6% 17% -16% -16% 1.115 $461,216,764
MEG Megado Minerals Ltd -6% -13% -55% -26% 0.068 $9,350,000
RDN Raiden Resources Ltd -6% -6% -43% -65% 0.0085 $13,059,537
KAU Kaiser Reef -6% 3% -19% -17% 0.17 $21,459,431
LCY Legacy Iron Ore -6% -11% -41% 21% 0.017 $102,509,219
BTR Brightstar Resources -6% -11% -41% -67% 0.017 $11,500,459
CPM Coopermetalslimited -6% 16% -22% 0% 0.33 $12,381,600
RED Red 5 Limited -6% -3% -58% -34% 0.165 $471,264,029
X64 Ten Sixty Four Ltd -6% -14% -29% -26% 0.565 $127,900,249
A1G African Gold Ltd. -6% 63% -24% -48% 0.097 $11,582,802
ADG Adelong Gold Limited -6% -20% -80% -80% 0.008 $3,545,495
CYL Catalyst Metals -6% -17% -36% -46% 1.1 $108,794,044
DEG De Grey Mining -6% 2% -10% -5% 1.0375 $1,617,835,711
GWR GWR Group Ltd -6% -14% -59% -40% 0.06 $19,272,999
GTR Gti Energy Ltd -6% 0% -21% -50% 0.015 $22,582,254
NAG Nagambie Resources -6% -10% 44% -6% 0.075 $39,650,358
AXE Archer Materials -6% -11% -17% -58% 0.675 $168,052,865
PKO Peako Limited -6% -21% -17% -32% 0.015 $5,687,729
SSR SSR Mining Inc. -6% -11% -31% -4% 20.53 $374,413,178
RND Rand Mining Ltd -6% -3% -3% 4% 1.45 $82,470,143
IDA Indiana Resources -7% -11% -12% -8% 0.057 $27,861,875
MGV Musgrave Minerals -7% -11% -32% -46% 0.21 $113,520,319
BNZ Benzmining -7% 15% -32% -27% 0.485 $34,889,871
PNR Pantoro Limited -7% -21% -52% -39% 0.135 $228,795,403
CHN Chalice Mining Ltd -7% 9% -44% -34% 4.06 $1,550,344,439
GIB Gibb River Diamonds -7% -2% -16% -42% 0.052 $10,998,491
BNR Bulletin Res Ltd -7% 18% -32% 83% 0.13 $38,036,843
IPT Impact Minerals -7% -7% -48% -52% 0.0065 $16,128,909
NML Navarre Minerals Ltd -7% 0% -51% -48% 0.045 $61,828,803
ARL Ardea Resources Ltd -7% -9% -43% 71% 0.83 $140,882,351
RXL Rox Resources -7% -22% -50% -49% 0.19 $32,943,485
RXL Rox Resources -7% -22% -50% -49% 0.19 $32,943,485
WAF West African Res Ltd -7% 7% -24% -19% 1.01 $1,041,524,941
VAN Vango Mining Ltd -8% -8% -26% -43% 0.037 $46,617,692
SMI Santana Minerals Ltd -8% 0% -38% 161% 0.6 $86,291,007
KTA Krakatoa Resources -8% -3% -43% -6% 0.06 $20,682,595
GOR Gold Road Res Ltd -8% 5% -9% -2% 1.32 $1,420,230,633
SVL Silver Mines Limited -8% 3% -20% -20% 0.175 $226,070,625
BC8 Black Cat Syndicate -8% -10% -45% -50% 0.28 $59,918,369
AVM Advance Metals Ltd -8% -8% -21% -39% 0.011 $5,256,651
ASR Asra Minerals Ltd -8% -12% -24% -15% 0.022 $32,213,754
BYH Bryah Resources Ltd -8% -12% -60% -59% 0.022 $5,906,323
SI6 SI6 Metals Limited -8% -8% -39% -50% 0.0055 $8,185,040
TSO Tesoro Gold Ltd -8% 3% -52% -59% 0.033 $27,903,385
PUR Pursuit Minerals -8% -4% -52% -69% 0.011 $10,979,971
MOM Moab Minerals Ltd -8% -21% -60% -71% 0.011 $7,501,598
AUC Ausgold Limited -9% 5% -31% -5% 0.042 $85,237,931
PRS Prospech Limited -9% -6% -44% -62% 0.031 $2,020,611
WRM White Rock Min Ltd -9% -9% -65% -77% 0.071 $13,503,539
CAZ Cazaly Resources -9% -14% -27% -33% 0.03 $11,124,654
TBA Tombola Gold Ltd -9% -6% -50% -14% 0.03 $32,757,382
SAU Southern Gold -9% -3% -38% -57% 0.03 $6,399,863
RSG Resolute Mining -9% -9% -43% -52% 0.195 $215,322,777
SLR Silver Lake Resource -9% -5% -35% -33% 1.1 $1,027,367,488
IGO IGO Limited -10% 6% 17% 62% 14.68 $11,101,546,139
FAU First Au Ltd -10% -10% -65% -61% 0.0045 $4,191,349
DRE Dreadnought Resources Ltd -10% 21% 162% 188% 0.1125 $335,798,271
ERM Emmerson Resources -10% -6% -35% -12% 0.072 $39,219,105
SBR Sabre Resources -10% -25% -10% -10% 0.0045 $11,659,424
MDI Middle Island Res -10% -24% -61% -45% 0.052 $6,365,748
E2M E2 Metals -10% -4% -41% -43% 0.13 $25,887,202
SKY SKY Metals Ltd -10% -14% -53% -49% 0.043 $16,201,689
WGX Westgold Resources. -10% -13% -51% -62% 0.725 $343,376,479
WWI West Wits Mining Ltd -11% 13% -43% -54% 0.017 $34,170,640
SBM St Barbara Limited -11% -35% -64% -67% 0.465 $387,619,781
HRN Horizon Gold Ltd -11% -11% -23% -32% 0.295 $41,309,942
ASO Aston Minerals Ltd -11% -20% -54% -42% 0.067 $74,606,573
ALY Alchemy Resource Ltd -11% 14% 32% 175% 0.033 $38,711,516
GCY Gascoyne Res Ltd -11% -22% -29% -44% 0.2 $89,473,870
ICL Iceni Gold -11% -32% -58% -75% 0.063 $8,204,571
FEG Far East Gold -12% -11% 43% 0% 0.6 $73,222,326
TBR Tribune Res Ltd -12% -18% -35% -38% 2.94 $154,256,146
AME Alto Metals Limited -12% 2% -21% -34% 0.066 $35,814,013
AUT Auteco Minerals -12% 16% -41% -39% 0.043 $88,916,961
MHC Manhattan Corp Ltd -13% -13% -42% -36% 0.007 $10,683,951
AL8 Alderan Resource Ltd -13% -22% -70% -83% 0.007 $4,047,863
VRC Volt Resources Ltd -13% -13% 17% -22% 0.021 $71,061,235
HXG Hexagon Energy -13% -18% -61% -86% 0.014 $7,180,823
GML Gateway Mining -13% -28% -52% -63% 0.063 $14,238,691
OKR Okapi Resources -13% -15% -27% -62% 0.2 $28,046,497
PGO Pacgold -13% -17% -47% 16% 0.365 $20,061,062
ARV Artemis Resources -13% -47% -51% -72% 0.026 $38,959,714
ALK Alkane Resources Ltd -14% -12% -39% -28% 0.625 $368,257,444
DCX Discovex Res Ltd -14% -25% -55% -37% 0.003 $9,907,704
ADV Ardiden Ltd -14% -14% -57% -45% 0.006 $16,010,012
MZZ Matador Mining Ltd -14% -10% -63% -75% 0.09 $27,020,246
MBK Metal Bank Ltd -14% -14% -50% -63% 0.003 $7,845,743
GED Golden Deeps -15% -21% -35% -8% 0.011 $12,707,494
G88 Golden Mile Res Ltd -15% -19% -66% -57% 0.022 $4,500,975
BMR Ballymore Resources -16% -11% -33% -24% 0.16 $15,480,936
AM7 Arcadia Minerals -16% -4% -4% 4% 0.26 $12,141,452
G50 Gold50Limited -17% -17% -57% -57% 0.1 $5,694,300
RML Resolution Minerals -18% 0% -44% -53% 0.009 $10,597,462
AMI Aurelia Metals Ltd -19% -50% -77% -74% 0.097 $123,743,722
STK Strickland Metals -19% 21% -34% -47% 0.046 $62,500,590
SIH Sihayo Gold Limited -20% 0% 0% -78% 0.002 $12,204,256
MTH Mithril Resources -20% -33% -43% -73% 0.004 $11,760,932
CLA Celsius Resource Ltd -23% -29% -55% -62% 0.01 $15,028,290
NSM Northstaw -23% -29% -66% -66% 0.096 $10,931,557
WCN White Cliff Min Ltd -24% -24% -38% 23% 0.016 $11,961,654
CLZ Classic Min Ltd -35% -31% -92% -92% 0.011 $8,100,216
ANL Amani Gold Ltd -50% 0% -50% -60% 0.001 $23,693,441
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Weekly ASX Gold Standouts

HAMELIN GOLD (ASX:HMG)

Last month, the small explorer announced a high-grade gold discovery at the Hutch’s Find prospect, part of the West Tanami project in WA.

The highlight result from maiden drilling was 12m at 4.50 g/t Au from 6m, including 6 metres at 8.10 g/t Au from 8 metres.

That’s the trifecta: thick, shallow, and high grade.

Fresh drilling has kicked off almost immediately with a 2,500m program hunting for extension to this mineralisation.

Holes will also go into the nearby Camel prospect to test a 600m-long high-grade gold trend defined in previous diamond drilling and surface sampling programs.

The program will wrap up mid-November, with first assays anticipated early 2023.

 

ZULEIKA GOLD (ASX:ZAG)

This Mark Creasy backed explorer has been successful in its litigation against Vango Mining (ASX:VAN).

In 2017, a binding terms sheet (BTS) was signed allowing ZAG to earn up to a 50% interest in the tenement M52/183 that hosts mineralisation associated with the K2 gold deposit.

But legal action was pursued following the vendor’s (Vango Mining) refusal to accept the terms of the BTS agreement.

The judgement delivered in court on October 31 found that ZAG is entitled to an 4.1% stake in M52/183.

The court has ordered VAN to promptly transfer the 4.1% stake to Zuleika after finding Vango breached the terms of and wrongfully repudiated the BTS agreement.

The next stage of litigation will determine the quantum of damages payable to ZAG.

“Zuleika intends to program that aspect of its claim to trial as vigorously and quickly as possible,” it says.

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