A good week for gold, which is up 1.04% to ~$US1,940/oz at time of writing.

History shows us war doesn’t usually trigger an extended rally, but news flow – or lack thereof – coming out of Ukraine continues to be the biggest influence on the precious metal.

ASX gold stocks – long thought oversold by gold bulls – have spiked ~19% since hitting recent lows on January 31, to be up 4.7% year-to-date based on the ASX All Ords gold index.

The S&P/ASX All Ordinaries Gold (XGD) index, below, is a benchmark for Australian gold companies.

The S&P/ASX All Ordinaries Gold (XGD) index over the past 12 months.

 

Gold remains ‘a possum in the headlights’

Gold continues to trade like a possum in the headlights, says OANDA senior market analyst Jeffrey Halley, unable to decide whether it is a wartime haven asset, or grossly overbought and about to correct.

“The net result is it remains running on the spot, albeit not far from recent highs,” he says.

“Gold remains overbought on a technical basis, and is still vulnerable, therefore, to long positions losing their nerves and sparking an aggressive corrective sell-off, with the rally now stalled like a Russian logistics chain.

“Gold looks set to continue trading in a $1920.00 to $1950.00 an ounce range, with major support/resistance at $1880.00 and $1975.00 an ounce respectively.

“Silver’s price action remains constructive ad appears to be forming a bullish pennant formation. Key levels are $24.8500 and $25.6000.”

 

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 1 WEEK RETURN % 1 MONTH RETURN % 6 MONTH RETURN % 1 YEAR RETURN % PRICE MARKET CAP
MLS Metals Australia 115% 120% 120% 47% 0.088 $23,049,672.36
HMX Hammer Metals 48% 77% 22% -14% 0.099 $73,349,516.07
PUA Peak Minerals 30% 0% -30% -50% 0.013 $13,537,819.76
BNR Bulletin Resources 29% 29% 146% 130% 0.155 $45,689,585.60
BMR Ballymore Resources 28% 8% -40% 0% 0.205 $12,123,883.37
ASO Aston Minerals 28% -6% 14% 357% 0.16 $147,900,601.50
OKU Oklo Resources 28% -4% -12% -35% 0.11 $50,449,647.90
HXG Hexagon Energy 27% 2% -22% -37% 0.057 $25,445,896.28
SMS Starmineralslimited 25% 0% 0% 0% 0.2 $5,118,750.00
AZL Arizona Lithium 25% -11% 220% 199% 0.1375 $279,687,303.70
WCN White Cliff Min 23% 23% 80% 42% 0.027 $18,217,539.17
RGL Riversgold 23% 35% -16% -50% 0.027 $10,505,097.10
MRR Minrex Resources 20% -12% 293% 157% 0.059 $54,719,194.92
GTR Gti Resources 18% -5% -20% 14% 0.02 $24,833,187.02
HCH Hot Chili 17% -6% -35% -37% 1.49 $174,466,529.43
SIH Sihayo Gold Limited 17% -22% -30% -46% 0.007 $25,798,229.89
TNR Torian Resources 17% 0% 0% -52% 0.028 $37,519,322.96
THR Thor Mining PLC 17% 8% -7% -7% 0.014 $13,070,380.30
RVR Red River Resources 16% 28% 47% 4% 0.25 $124,431,477.12
KCN Kingsgate Consolid. 16% -11% 97% 60% 1.465 $260,051,532.28
SPQ Superior Resources 16% -12% 231% 291% 0.043 $71,451,257.56
GRL Godolphin Resources 16% 12% -13% -24% 0.145 $11,775,591.94
NES Nelson Resources. 14% -8% -45% -76% 0.024 $7,063,011.94
FFX Firefinch 14% 10% 15% 231% 0.695 $860,039,426.00
ADV Ardiden 14% -26% -22% -22% 0.0125 $31,927,708.27
LM8 Lunnonmetalslimited 13% 11% 52% 0% 0.89 $68,940,140.40
TSC Twenty Seven Co. 13% 13% 50% -25% 0.0045 $13,304,069.53
DEX Duke Exploration 13% 13% -39% -48% 0.18 $15,786,951.60
GSR Greenstone Resources 12% 3% 58% 81% 0.038 $33,908,786.49
BRV Big River Gold 12% 19% -5% -23% 0.285 $63,861,382.85
DCX Discovex Res 11% 0% 67% 43% 0.01 $23,117,976.68
SI6 SI6 Metals Limited 11% -9% -26% -52% 0.01 $14,281,439.85
BAT Battery Minerals 11% -9% -29% -64% 0.01 $23,474,645.71
RDS Redstone Resources 11% -17% -9% -23% 0.01 $7,368,323.96
CDT Castle Minerals 11% -4% 292% 538% 0.051 $53,972,621.14
BTR Brightstar Resources 11% -6% 7% -31% 0.031 $16,952,686.94
NAG Nagambie Resources 10% 8% -33% -5% 0.054 $27,496,279.03
TSO Tesoro Resources 10% 4% -31% -62% 0.076 $49,464,247.42
SLZ Sultan Resources 10% 6% 0% -15% 0.165 $13,741,924.19
MGV Musgrave Minerals 10% 2% 3% 10% 0.33 $171,895,343.68
DTR Dateline Resources 10% 4% -6% 76% 0.088 $38,100,062.69
PNM Pacific Nickel Mines 10% 8% 52% 75% 0.1 $26,297,591.33
AM7 Arcadia Minerals 10% -4% 7% 0% 0.225 $7,873,312.50
ALK Alkane Resources 10% 32% 14% 52% 1.07 $649,185,927.80
G88 Golden Mile Res 10% 4% 6% 8% 0.057 $9,862,044.70
TTM Titan Minerals 10% 10% -4% 0% 0.115 $162,117,861.30
NXM Nexus Minerals 9% 0% 133% 268% 0.35 $104,283,191.16
MTH Mithril Resources 9% -8% -29% -40% 0.012 $30,962,796.49
SMI Santana Minerals 9% 32% 400% 238% 0.49 $64,992,271.12
GWR GWR Group 9% -7% -21% -41% 0.1575 $52,030,159.83
NMR Native Mineral Res 9% 13% 5% -15% 0.255 $11,252,752.20
CHN Chalice Mining 8% -4% 15% 71% 7.48 $2,733,680,749.80
IPT Impact Minerals 8% -7% 0% -43% 0.013 $26,309,333.95
SRN Surefire Rescs NL 8% -13% -19% -43% 0.013 $13,537,414.91
OKR Okapi Resources 8% -22% -50% 41% 0.26 $32,784,968.44
LCY Legacy Iron Ore 8% -3% 30% 22% 0.0195 $128,136,523.98
OGC OceanaGold Corp. 8% 29% 10% 48% 2.78 $192,649,199.98
VAN Vango Mining 8% -9% -40% -27% 0.04 $49,137,567.65
BBX BBX Minerals 8% -21% -31% -52% 0.135 $64,403,006.50
DRE Dreadnought Resources 8% 3% 0% 141% 0.041 $122,063,392.69
AME Alto Metals Limited 8% 1% 4% 20% 0.085 $42,243,000.96
TIE Tietto Minerals 8% 6% 78% 65% 0.57 $425,509,443.18
HAV Havilah Resources 7% -3% -10% -25% 0.18 $56,539,733.15
TBA Tombola Gold 7% -3% -30% -52% 0.03 $21,771,730.50
KCC Kincora Copper 7% 25% -25% 0% 0.15 $10,978,667.85
HAW Hawthorn Resources 7% 6% 74% 26% 0.092 $31,683,983.24
MEI Meteoric Resources 7% 0% -57% -77% 0.016 $24,420,757.94
EMU EMU NL 7% -11% -43% -75% 0.016 $9,346,846.23
ZNC Zenith Minerals 6% 0% 48% 172% 0.34 $120,366,454.25
PF1 Pathfinder Resources 6% 5% 46% 115% 0.43 $22,842,034.30
CAI Calidus Resources 6% 12% 33% 100% 0.79 $316,209,361.06
BMO Bastion Minerals 6% -10% -12% 0% 0.18 $13,667,266.80
ADN Andromeda Metals 6% -3% 16% -43% 0.185 $471,908,138.74
RML Resolution Minerals 6% 6% -17% -17% 0.019 $12,508,965.38
CXU Cauldron Energy 6% -10% -49% -46% 0.019 $9,334,578.97
NSM Northstaw 5% 7% -3% -36% 0.29 $11,636,830.00
NML Navarre Minerals 5% 18% 3% -29% 0.1 $136,467,215.20
AAR Anglo Australian 5% 0% 22% 7% 0.105 $59,617,923.90
PDI Predictive Disc 5% -13% 56% 262% 0.21 $295,501,844.13
TG1 Techgen Metals 5% -22% -40% 0% 0.105 $4,789,638.26
CHZ Chesser Resources 5% 5% -34% -42% 0.105 $46,518,616.39
AQI Alicanto Min 5% -5% -13% -9% 0.105 $42,098,497.87
PUR Pursuit Minerals 5% -9% -64% -64% 0.021 $19,856,533.07
CEL Challenger Exp 5% 16% 20% 0% 0.33 $333,014,277.72
SVL Silver Mines Limited 4% 18% 18% 4% 0.235 $310,039,714.32
MM8 Medallion Metals. 4% 7% -6% 0% 0.235 $25,449,517.44
S2R S2 Resources 4% -4% 48% 15% 0.1775 $62,365,599.63
ERM Emmerson Resources 4% -8% 76% 90% 0.12 $59,918,218.68
ALY Alchemy Resource 4% 4% -9% -9% 0.0125 $12,380,483.57
PGD Peregrine Gold 4% -1% 32% 0% 0.52 $20,234,407.84
GSM Golden State Mining 4% -12% -34% -51% 0.079 $6,647,038.80
NWM Norwest Minerals 4% -14% -24% -27% 0.056 $10,294,621.06
TRN Torrens Mining 4% -9% -24% -12% 0.145 $10,101,416.01
ENR Encounter Resources 3% 7% -13% -5% 0.15 $47,522,523.90
AMI Aurelia Metals 3% 8% 30% 21% 0.46 $575,231,252.51
KAL Kalgoorliegoldmining 3% -6% 0% 0% 0.16 $11,951,709.00
IVR Investigator Res 3% 10% 2% -29% 0.065 $87,932,701.36
GOR Gold Road Res 3% 16% 27% 38% 1.5875 $1,367,675,276.30
HMG Hamelingoldlimited 3% 3% 0% 0% 0.175 $19,250,000.00
HMG Hamelingoldlimited 3% 3% 0% 0% 0.175 $19,250,000.00
CST Castile Resources 3% -5% -14% 6% 0.18 $34,949,271.18
KRM Kingsrose Mining 3% -9% 62% 49% 0.073 $57,713,541.96
RSG Resolute Mining 3% -3% -40% -56% 0.2775 $298,061,510.40
AZS Azure Minerals 3% -9% -9% 36% 0.375 $121,186,931.19
WAF West African Res 3% -3% 8% 42% 1.13 $1,143,456,143.20
BGL Bellevue Gold 3% 23% 11% 31% 0.945 $979,806,351.65
BNZ Benzmining 3% -19% -33% -34% 0.57 $32,237,823.24
EMR Emerald Res NL 3% 10% 39% 51% 1.15 $613,048,003.98
BC8 Black Cat Syndicate 3% -6% 0% -10% 0.585 $78,852,374.16
AXE Archer Materials 3% -12% -42% 0% 0.975 $247,567,207.00
MAU Magnetic Resources 2% -3% -10% -9% 1.45 $325,297,087.55
AAJ Aruma Resources 2% -3% -1% 40% 0.084 $13,184,766.25
MEU Marmota Limited 2% -7% -4% -7% 0.043 $40,183,333.96
ANX Anax Metals 2% -7% -27% 28% 0.088 $37,239,818.88
ADT Adriatic Metals 2% -3% -25% 4% 2.21 $487,787,881.26
SLR Silver Lake Resource 2% 30% 42% 34% 1.9275 $1,734,765,093.62
PRU Perseus Mining 2% 21% 22% 60% 1.825 $2,176,632,541.05
ICG Inca Minerals 2% 5% -9% 4% 0.096 $45,715,106.56
SNG Siren Gold 2% -16% -8% -36% 0.245 $21,532,180.37
NCM Newcrest Mining 2% 17% 6% 8% 26.11 $20,710,700,889.72
AGG AngloGold Ashanti 2% 22% 40% 21% 6.44 $588,771,249.00
YRL Yandal Resources 2% -20% -47% -38% 0.285 $33,666,550.37
EM2 Eagle Mountain 2% -7% -37% 18% 0.57 $133,169,498.72
IDA Indiana Resources 2% 9% 7% -28% 0.062 $27,249,670.90
ARN Aldoro Resources 1% 1% -30% 62% 0.365 $34,100,663.82
RDT Red Dirt Metals 1% -22% 212% 203% 0.53 $136,508,227.28
WGX Westgold Resources. 0% 28% 32% 17% 2.32 $978,641,181.80
NPM Newpeak Metals 0% 0% -50% -67% 0.001 $8,849,750.03
GED Golden Deeps 0% -9% -9% -9% 0.01 $7,758,514.40
PNX PNX Metals Limited 0% 0% -26% -35% 0.005 $24,442,317.94
TMX Terrain Minerals 0% -13% -22% -30% 0.007 $5,150,327.06
PRX Prodigy Gold NL 0% -16% -35% -37% 0.026 $15,148,317.76
CWX Carawine Resources 0% 30% 2% -44% 0.215 $29,289,798.74
CAZ Cazaly Resources 0% -9% -9% 0% 0.042 $15,521,657.21
PAK Pacific American Hld 0% -17% -5% -27% 0.015 $7,168,161.03
MCT Metalicity Limited 0% -13% -22% -46% 0.007 $16,496,138.28
CTO Citigold Corp 0% 13% -18% -25% 0.009 $25,502,931.82
M2R Miramar 0% -8% -21% -28% 0.165 $8,717,628.50
MHC Manhattan Corp 0% -7% 27% -13% 0.014 $21,367,901.70
TRY Troy Resources 0% 0% 0% -49% 0.037 $31,631,563.33
KGM Kalnorth Gold 0% 0% 0% 0% 0.013 $11,625,120.78
CGN Crater Gold Min 0% 0% 0% -19% 0.017 $21,063,473.65
AGS Alliance Resources 0% 12% 12% 5% 0.18 $37,443,084.12
VMC Venus Metals Cor 0% 0% 9% -5% 0.18 $27,194,162.94
VKA Viking Mines 0% 0% -37% -72% 0.012 $11,277,842.74
LCL Los Cerros Limited 0% -12% -21% -12% 0.11 $70,236,799.05
DDD 3D Resources Limited 0% 0% -33% -34% 0.003 $12,541,116.28
BYH Bryah Resources 0% -20% -6% -22% 0.047 $11,536,565.93
DCN Dacian Gold 0% 22% 2% -38% 0.22 $233,291,568.55
FG1 Flynngold 0% -3% 0% 0% 0.165 $9,609,157.50
GMN Gold Mountain 0% -36% -57% -78% 0.009 $9,631,342.53
RDN Raiden Resources 0% -20% -43% -33% 0.016 $22,005,236.86
GBZ GBM Rsources 0% -4% 5% 10% 0.115 $60,022,994.30
AUC Ausgold Limited 0% 2% 12% -2% 0.046 $69,422,405.26
SFM Santa Fe Minerals 0% -5% 147% 83% 0.21 $15,291,945.69
POL Polymetals Resources 0% -4% -17% 0% 0.125 $5,007,070.75
KAI Kairos Minerals 0% -8% -21% -18% 0.023 $45,128,150.29
HRZ Horizon 0% -8% 10% 10% 0.115 $65,317,148.00
AVW Avira Resources 0% 11% 0% 0% 0.005 $10,593,950.00
ZAG Zuleika Gold 0% -13% 21% -22% 0.035 $13,648,581.31
GML Gateway Mining 0% -8% -25% -57% 0.012 $27,121,276.40
SBR Sabre Resources 0% -10% 13% -10% 0.0045 $8,139,254.60
OZM Ozaurum Resources 0% -4% -17% -29% 0.12 $6,293,760.00
MBK Metal Bank 0% 0% -37% -48% 0.006 $15,646,908.96
A8G Australasian Metals 0% -11% 100% 0% 0.47 $19,482,689.59
TLM Talisman Mining 0% 3% 3% 70% 0.17 $33,793,109.46
RRL Regis Resources 0% 11% -17% -35% 1.975 $1,471,813,781.10
TRM Truscott Mining Corp 0% -3% 0% 33% 0.032 $4,862,129.41
DLC Delecta Limited 0% 22% 38% 57% 0.011 $13,253,995.76
AYM Australia United Min 0% -14% -40% -40% 0.006 $12,898,042.40
ANL Amani Gold 0% 0% -25% 0% 0.0015 $45,866,882.25
CMM Capricorn Metals 0% 18% 59% 153% 3.805 $1,426,868,862.72
DEG De Grey Mining 0% -5% 0% 21% 1.15 $1,660,482,459.50
TBR Tribune Res 0% -1% -9% -8% 4.56 $240,303,792.66
HRN Horizon Gold -1% -3% 6% 7% 0.425 $45,344,106.80
AUT Auteco Minerals -1% -14% -11% -16% 0.079 $155,054,314.88
SSR SSR Mining Inc. -1% 20% 25% 49% 27.62 $565,677,631.82
ARL Ardea Resources -1% 2% 53% 40% 0.685 $117,828,751.54
PNR Pantoro Limited -2% 12% 63% 59% 0.325 $429,897,102.89
STK Strickland Metals -2% -3% 51% 137% 0.059 $78,070,209.50
MZZ Matador Mining -2% -11% -29% -11% 0.29 $63,908,653.98
GCY Gascoyne Res -2% 8% -13% -50% 0.28 $107,413,280.38
GCY Gascoyne Res -2% 8% -13% -50% 0.28 $107,413,280.38
MML Medusa Mining -2% 20% -6% -15% 0.795 $177,805,914.78
BDC Bardoc Gold -2% 6% 18% 8% 0.475 $138,093,877.68
G50 Gold50Limited -2% 7% -10% 0% 0.23 $12,884,140.23
BRB Breaker Res NL -2% -6% 5% 15% 0.23 $73,314,209.03
PNT Panthermetals -2% -4% 0% 0% 0.23 $6,300,000.00
DGO DGO Gold Limited -2% -1% -20% -10% 2.525 $210,779,707.80
REZ Resourc & En Grp -2% -20% 48% 13% 0.043 $21,991,454.72
WWI West Wits Mining -2% 10% -23% -41% 0.043 $80,882,228.28
RXL Rox Resources -2% -6% -5% -20% 0.41 $70,110,493.01
KTA Krakatoa Resources -2% -15% -39% -35% 0.041 $11,788,396.68
E2M E2 Metals -2% -20% -27% -47% 0.2 $30,846,598.67
SAU Southern Gold -3% 1% -16% -35% 0.0565 $11,733,081.58
BCN Beacon Minerals -3% 13% 6% 0% 0.036 $125,694,274.72
LYN Lycaonresources -3% -14% 0% 0% 0.34 $9,562,500.00
LEX Lefroy Exploration -3% 2% -29% -48% 0.325 $51,056,133.80
KSN Kingston Resources -3% 10% -14% -18% 0.16 $66,043,110.24
RED Red 5 Limited -3% 12% 42% 88% 0.32 $777,599,015.16
AGC AGC -3% -9% -27% -46% 0.091 $6,332,501.05
AGC AGC -3% -9% -27% -46% 0.091 $6,332,501.05
MKG Mako Gold -3% -2% -1% -12% 0.087 $34,019,502.58
GBR Greatbould Resources -3% 4% -13% 218% 0.14 $50,013,013.26
EVN Evolution Mining -4% 17% 8% 4% 4.23 $7,606,981,884.45
MEG Megado -4% -9% -23% -56% 0.077 $3,314,757.45
SVY Stavely Minerals -4% -22% -14% -50% 0.385 $100,470,159.02
QML Qmines Limited -4% -4% -29% 0% 0.25 $16,630,419.75
SBM St Barbara Limited -4% 3% -13% -32% 1.355 $957,861,516.15
BGD Bartongoldholdings -4% -8% 26% 0% 0.24 $20,601,599.04
MDI Middle Island Res -4% 0% 24% -50% 0.12 $14,690,186.64
NST Northern Star -4% 19% 4% 2% 10.15 $11,587,881,430.05
GUL Gullewa Limited -4% -1% -24% -23% 0.069 $13,135,743.90
CYL Catalyst Metals -5% -8% -5% -3% 1.8 $182,143,087.55
WRM White Rock Min -5% -11% -41% -68% 0.2 $31,538,028.20
MKR Manuka Resources. -5% -2% -5% -30% 0.3 $30,954,774.22
MAT Matsa Resources -5% 15% 2% -32% 0.06 $21,537,277.20
RMS Ramelius Resources -5% 9% 1% 8% 1.48 $1,283,729,961.32
TAM Tanami Gold NL -5% -5% -16% -22% 0.059 $69,330,725.71
TMZ Thomson Res -5% -15% -43% -63% 0.057 $34,330,922.07
OAU Ora Gold Limited -5% 19% 18% -9% 0.019 $18,666,465.81
FML Focus Minerals -5% 0% 8% -20% 0.265 $77,370,834.15
RMX Red Mount Min -6% -15% -6% -23% 0.0085 $13,138,910.86
CPM Coopermetalslimited -6% 37% 0% 0% 0.5 $14,050,400.00
TCG Turaco Gold Limited -6% -10% -18% 65% 0.099 $44,910,250.25
KWR Kingwest Resources -6% -8% 132% 3% 0.165 $40,090,549.13
MRZ Mont Royal Resources -6% 2% 8% 16% 0.32 $20,584,184.08
PKO Peako Limited -6% -20% -38% -27% 0.016 $5,243,719.72
GSN Great Southern -6% -8% -8% -34% 0.047 $25,819,803.67
RND Rand Mining -6% -4% 0% -8% 1.465 $85,313,941.50
GIB Gibb River Diamonds -6% -18% -5% -22% 0.061 $12,902,076.15
MXR Maximus Resources -6% -19% -31% -56% 0.061 $20,663,874.92
STN Saturn Metals -6% -1% -3% -3% 0.38 $50,826,337.60
AQX Alice Queen -6% -6% -32% -71% 0.0075 $12,262,784.08
KZR Kalamazoo Resources -6% -13% -21% -39% 0.29 $42,832,340.33
CLA Celsius Resource -7% -28% -17% -56% 0.0215 $25,295,473.94
CBY Canterbury Resources -7% -13% -36% -46% 0.07 $8,623,897.10
SKY SKY Metals -7% -12% -11% -50% 0.082 $30,896,244.54
NAE New Age Exploration -7% -19% 18% 8% 0.013 $20,102,584.74
CDR Codrus Minerals -8% 0% -27% 0% 0.12 $4,800,000.00
OBM Ora Banda Mining -8% -3% -52% -81% 0.048 $60,223,761.35
ARV Artemis Resources -8% -7% -23% -1% 0.07 $99,959,830.85
MVL Marvel Gold Limited -8% -21% -19% -6% 0.046 $27,585,841.98
GMR Golden Rim Resources -8% -12% -12% -23% 0.092 $24,596,467.80
LNY Laneway Res -8% 10% 38% 10% 0.0055 $25,995,810.13
TAR Taruga Minerals -8% -13% -31% -27% 0.033 $18,722,686.06
GNM Great Northern -8% -8% -50% -50% 0.0055 $9,399,780.37
ICL Iceni Gold -9% -16% -52% 0% 0.105 $14,002,607.08
AAU Antilles Gold -10% -1% -4% -22% 0.075 $22,800,372.08
KAU Kaiser Reef -10% -10% -17% -53% 0.185 $24,599,435.66
FAU First Au -10% -14% -31% -47% 0.009 $7,055,198.54
AWV Anova Metals -10% 6% -18% -18% 0.018 $25,795,695.60
CY5 Cygnus Gold Limited -10% 0% 21% 3% 0.175 $21,237,356.70
XAM Xanadu Mines -10% -4% -10% -49% 0.026 $32,891,855.26
A1G African Gold . -11% -7% 9% -3% 0.2 $23,882,065.60
MTC Metalstech -12% -30% -9% 69% 0.19 $34,166,240.95
LRL Labyrinth Resources -12% 0% -16% 3% 0.038 $34,934,670.20
KNB Koonenberrygold -13% -19% 0% 0% 0.105 $7,827,204.21
PRS Prospech Limited -13% -18% -46% -67% 0.046 $2,998,326.23
VRC Volt Resources -13% -38% -65% -19% 0.013 $34,791,603.02
AL8 Alderan Resource -14% -24% -61% -79% 0.019 $8,085,755.52
MOH Moho Resources -14% -17% -28% -46% 0.044 $5,985,919.92
WMC Wiluna Mining Corp -14% -11% -11% -15% 0.915 $206,032,071.38
DTM Dart Mining NL -15% 6% -19% -51% 0.085 $10,581,729.05
SFR Sandfire Resources -16% -12% -8% 2% 5.975 $2,570,586,469.11
AWJ Auric Mining -16% -33% -38% -52% 0.084 $5,102,311.49
M24 Mamba Exploration -17% -32% -14% -35% 0.15 $6,958,875.50
BEZ Besragoldinc -18% -26% 0% 0% 0.07 $12,029,497.20
XTC Xantippe Res -30% -36% 250% 250% 0.007 $36,920,984.32
NVA Nova Minerals -36% -29% -54% -60% 0.595 $111,725,416.70
Wordpress Table Plugin

 

A good week for gold stocks on the ASX, with 127 up, 68 down, and 48 unchanged.

 

Producer News

Newcrest Mining (ASX:NCM) jumped almost 2% Friday morning after its partner in the Havieron gold and copper project, Greatland Gold, posted a major resource upgrade to its London shareholders overnight.

Havieron is one of the best gold discoveries in WA in recent years, and the next phase of the company’s long running Telfer hub in WA’s Pilbara.

According to Greatland, 10 months of “consistently impressive drilling results” had underpinned a 53% increase in gold resources to 5.5Moz of gold and 218,000t of copper and 63% increase in indicated mineral resources to 3.1Moz.

Greatland says probable ore reserves at Havieron have also been lifted substantially from 1.7Moz gold equivalent to 2.4Moz of gold and 109,000t of copper or 2.9Moz gold equivalent.

HOWEVER …

“Newcrest has not reviewed or verified the analysis conducted by Greatland Gold,” the ASX gold giant said in a statement.

“Newcrest intends to issue an updated Group Mineral Resources and Ore Reserves statement as at 30 June 2022 with its Full Year Financial Results, which will include a revised Mineral Resource estimate for Havieron.”

 

Weekly Small Cap Standouts

BALLYMORE RESOURCES (ASX:BMR)

BMR hit the bourse with a bang late last year with portfolio of Queensland gold and base metals projects including Dittmer (a historic high-grade goldfield), Ruddygore (a large copper porphyry target) and Ravenswood (a bunch of drill ready targets in a 17moz gold province).

The share price has since drifted badly, but this week’s news could be the positive impetus it needs.

Initial drilling at ‘Seventy Mile Mount’ at Ravenswood has confirmed a “large gold system”, BMR says, with grades improving at depth.

Highlight hits include 40m at 1.06 g/t Au from 47m (including 3m @ 9.38 g/t Au).

This may evolve into another gold deposit like the nearby ‘Mount Leyshon (3.8Moz) and Mount Wright (1Moz), the company says.

 

OKLO RESOURCES (ASX:OKU)

The junior explorer hit grades up to 87.5g/t gold at the ‘Dandoko’ project in Mali.

The highlight intercept from the ‘Disse’ prospect – close to the main ~700,000oz resource at ‘Seko’ – was 5m at 19.08g/t gold from 109m including 1m at 87.50g/t.

Very nice.

The results further confirm Disse as an emerging high-grade target with both open cut and underground potential, says OKU MD Simon Taylor.

“The latest high-grade gold result of 5m at 19.08g/t is from the central part of the host structure, which remains open at depth and correlates well with the high-grade gold intersected in the adjacent drill sections, including 6m at 12.56g/t gold and 3m at 19.94g/t gold,” he says.

“The addition of high-grade fresh rock will complement the largely shallow oxide resource at Seko.”

“The current resource expansion drilling program at Seko is now complete with final assay results expected imminently.”