• War. What is it good for? Absolutely nothing. At the risk of sounding tone deaf about fresh world horrors, however, gold has risen this week
  • That said, the latest US CPI data is doing its level best to suppress
  • ASX gold stock of the week: Zuleika Gold (ZAG)

 

In this week of war, hatred, sickening bloodshed and political posturing in places far flung from the Lucky Country, gold appears to have risen on the back of its age-old, safe-haven, store-of-value narrative.

Hey, it’s gold’s schtick and it’s schticking to it, come what may.

The precious metal supposedly climbs in times of high inflation and geopolitical uncertainty. And we’ve had no shortage of both those things over the past couple of years.

That said, it’s not necessarily as simple as that for gold investors. The Fed’s combat of said high inflation with “higher for longer” interest rates in a highly volatile year has seen the US dollar strengthen as a counterpoint to any yellow-metal-based exuberance.

With that in mind, gold’s return so far in 2023 is a fairly lacklustre 2.45%.

The Israel v Hamas conflict, however, has certainly brought the precious metal into focus once again for investors as one of the most obvious options for flight to financial safety.

Registering its highest levels in two weeks, spot gold is at US$1,876 an ounce at the time of writing. That’s about $2,967 in Aussie dollars. It’s certainly a good deal higher than when the conflict first broke out last weekend, when the price was languishing around US$1,811 oz.

 

CPI curbs enthusiasm; Paul Tudor Jones not deterred

The latest US Consumer Price Index data came in overnight (AEDT) and balmy, if slightly hot, rising by 0.4% in September (versus a forecasted expectations of 0.3%).

This could be seen as supporting the Fed’s “higher for longer” rhetoric and mission to bring down inflation to its 2% target. We’ll see what the Fedspeak brings later this month, though. It’s been leaning a little more dovish of late.

Indeed, rising gold and silver prices stalled out as a result, with gold falling 0.3% overnight while the US dollar and Treasury yields boosted.

Short-term noise aside, gold chart watcher “Graddhy”, though, is very much sticking to the golden inflation-hedge narrative…

And here’s someone with a better-known investing pedigree – legendary US hedge fund bloke Paul Tudor Jones – who noted to CNBC this week that he “would love gold and Bitcoin together” as a hedge against geopolitical uncertainty.

“I think they [gold and Bitcoin] probably take on a larger percentage of your portfolio than historically they would because we’re going to go through both a challenging political time here in the United States, and we’re going to go through – we’ve obviously got a geopolitical situation,” said Tudor Jones, adding:

“I think, on a relative basis, look what’s happened to gold. Clearly, it’s suppressed,” Jones said. “So, you know that more likely than not, we’re going to go into a recession. There’s some pretty clear-cut recession trades.

“The easiest are: the yield curve gets really steep, term premium goes into the backends of debt markets, into 30-year and 10-year and 7-year paper.

“The stock market typically, right before a recession, declines about 12%. That’s probably going to happen at some point, from some level. And you look at the big shorts in gold, more likely than not in a recession, the market’s typically really long assets like Bitcoin and gold.”

Tudor Jones concluded: “[There is] probably $40 billion worth of buying that has to come into gold at some point between now and if that recession actually occurs. So, yes, I like Bitcoin and I like gold right here.”

 

Meanwhile… another prominent gold investor, Frank Giustra, isn’t down with Nobel-Prize-winning economist Paul Krugman‘s idea that “the war on inflation is over”.

 

World Gold Council sees chop not drop

Before we look at which goldies have been performing on the ASX, and which haven’t, a quick word from out spons… wait, no they’re not… the World Gold Council.

This week, it provided the following outlook…

  • Bond yields continue to rage higher, as central banks, led by the Fed, are defiantly resisting a pivot in the near future, and higher supply chases reluctant demand
  • At the same time underlying economic conditions remain buoyant so a soft landing is still the consensus outcome
  • The cocktail of economic resilience and rising yields is likely to bring continued turbulence to gold
  • Yet, in our view, gold is more likely to experience choppiness than material weakness as support from a number of factors remains, including a poor risk reward for equities, rising recession risk over the next 6-12 months, inflation volatility and central bank buying
  • Opportunity in gold from a short squeeze will continue to present itself from COMEX short positions at levels not seen since March 2023 and persistent ETF outflows.

 

On another note, and speaking of chopping… jeez, did you see this?

According to various reports, a 38-year-old man has now been charged with lopping off the head of the famed Paddy Hannan statue in Kalgoorlie.

Hannan was a gold pioneer in the region, striking it big in 1893, which kicked off WA’s biggest-ever gold rush, which in turn led to the founding of Kalgoorlie.

 

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] and/or [email protected]

Code Company Price % Week % Month % Year Market Cap
MRR Minrex Resources Ltd 0.017 13% 13% -69% $17,357,880
NPM Newpeak Metals 0.001 0% 0% 0% $9,995,579
ASO Aston Minerals Ltd 0.039 15% -7% -49% $44,641,833
MTC Metalstech Ltd 0.205 -5% -2% -54% $36,777,895
FFX Firefinch Ltd 0.2 0% 0% 0% $236,569,315
GED Golden Deeps 0.052 0% -7% -68% $6,122,684
G88 Golden Mile Res Ltd 0.02 -13% -44% -21% $6,587,790
DCX Discovex Res Ltd 0.002 -20% 0% -50% $6,605,136
NMR Native Mineral Res 0.045 7% 5% -63% $9,069,103
AQX Alice Queen Ltd 0.014 0% 17% -72% $1,771,208
SLZ Sultan Resources Ltd 0.021 17% -25% -77% $3,111,991
MKG Mako Gold 0.014 -7% -30% -72% $8,064,115
KSN Kingston Resources 0.084 -1% 4% -7% $40,832,870
AMI Aurelia Metals Ltd 0.089 5% -15% -28% $155,042,375
PNX PNX Metals Limited 0.003 0% 0% -20% $16,141,874
GIB Gibb River Diamonds 0.026 4% -13% -53% $5,499,246
KCN Kingsgate Consolid. 1.13 -3% -7% -25% $296,414,446
TMX Terrain Minerals 0.005 0% -17% -29% $6,288,219
BNR Bulletin Res Ltd 0.1225 17% 111% 2% $36,698,888
NXM Nexus Minerals Ltd 0.045 -2% -10% -75% $17,507,706
SKY SKY Metals Ltd 0.04 -2% -7% -20% $18,455,924
LM8 Lunnonmetalslimited 0.68 -11% -17% -12% $150,039,122
CST Castile Resources 0.05 0% -17% -52% $11,369,414
YRL Yandal Resources 0.045 0% -4% -69% $7,101,139
FAU First Au Ltd 0.003 -14% -25% -40% $4,355,980
ARL Ardea Resources Ltd 0.585 -3% -8% -35% $116,797,149
GWR GWR Group Ltd 0.076 -10% -15% 17% $23,770,032
IVR Investigator Res Ltd 0.038 -5% -3% -19% $54,612,461
GTR Gti Energy Ltd 0.0085 -6% 6% -42% $17,382,050
IPT Impact Minerals 0.01 -17% -23% 43% $34,376,447
BNZ Benzmining 0.35 -8% -22% -32% $38,554,259
MOH Moho Resources 0.008 33% 0% -70% $2,720,355
BBX BBX Minerals Ltd 0.024 -8% -29% -61% $15,126,044
PUA Peak Minerals Ltd 0.003 -40% 0% -63% $3,644,818
MRZ Mont Royal Resources 0.17 0% -21% -19% $13,990,139
SMS Starmineralslimited 0.04 0% 0% -58% $1,450,112
MVL Marvel Gold Limited 0.011 0% 0% -56% $9,501,698
PRX Prodigy Gold NL 0.007 -13% 40% -36% $12,257,755
AAU Antilles Gold Ltd 0.023 -4% 0% -50% $18,236,862
CWX Carawine Resources 0.135 4% 23% 42% $26,570,358
RND Rand Mining Ltd 1.36 1% -1% -3% $77,351,307
CAZ Cazaly Resources 0.037 6% -8% 16% $13,825,105
BMR Ballymore Resources 0.095 -1% -10% -53% $13,888,740
DRE Dreadnought Resources Ltd 0.044 -4% -17% -56% $154,961,259
ZNC Zenith Minerals Ltd 0.1 -23% -9% -67% $35,238,088
REZ Resourc & En Grp Ltd 0.014 4% -13% -30% $7,497,087
LEX Lefroy Exploration 0.17 0% -19% -42% $34,352,807
ERM Emmerson Resources 0.061 -2% -12% -21% $32,682,587
AM7 Arcadia Minerals 0.105 5% 5% -64% $10,997,448
ADT Adriatic Metals 3.51 0% -3% 63% $877,307,400
GMR Golden Rim Resources 0.021 0% -28% -50% $13,014,944
CYL Catalyst Metals 0.595 -2% 21% -53% $127,650,776
CHN Chalice Mining Ltd 2.165 -4% -26% -44% $894,615,599
KAL Kalgoorliegoldmining 0.028 -3% 12% -77% $4,156,153
MLS Metals Australia 0.032 -3% -6% -26% $19,969,158
ADN Andromeda Metals Ltd 0.0215 13% -10% -46% $65,310,177
MEI Meteoric Resources 0.2075 -8% 4% 1382% $426,944,568
SRN Surefire Rescs NL 0.014 0% -13% 17% $21,467,725
SIH Sihayo Gold Limited 0.002 0% 0% -33% $24,408,512
WA8 Warriedarresourltd 0.061 -9% -19% -59% $30,194,990
HMX Hammer Metals Ltd 0.044 -4% -19% -20% $39,001,923
WCN White Cliff Min Ltd 0.013 8% 18% -35% $15,084,223
AVM Advance Metals Ltd 0.005 0% -17% -62% $2,942,794
WRM White Rock Min Ltd 0.063 0% 0% -23% $17,508,200
ASR Asra Minerals Ltd 0.008 0% 0% -65% $11,523,097
MCT Metalicity Limited 0.0025 0% 67% -38% $9,340,215
AME Alto Metals Limited 0.045 0% -4% -34% $32,139,004
CTO Citigold Corp Ltd 0.0045 13% 13% -25% $12,931,466
TIE Tietto Minerals 0.385 22% 10% -42% $402,385,171
SMI Santana Minerals Ltd 0.54 -2% -12% -22% $96,296,703
M2R Miramar 0.044 2% -8% -53% $6,699,129
MHC Manhattan Corp Ltd 0.005 -23% -29% -38% $11,747,919
GRL Godolphin Resources 0.037 0% -12% -59% $6,769,681
TRY Troy Resources Ltd 0 -100% -100% -100% $62,920,961
SVG Savannah Goldfields 0.065 3% -7% -68% $12,627,734
EMC Everest Metals Corp 0.11 -19% -8% 10% $15,993,973
GUL Gullewa Limited 0.055 0% 0% -19% $10,767,521
CY5 Cygnus Metals Ltd 0.16 0% -26% -64% $42,056,183
G50 Gold50Limited 0.115 -18% -23% -4% $12,840,086
ADV Ardiden Ltd 0.005 0% -9% -29% $16,130,012
AAR Astral Resources NL 0.08 -6% 14% 8% $64,772,679
MGV Musgrave Minerals 0.39 -1% 15% 59% $230,571,100
VMC Venus Metals Cor Ltd 0.105 -16% 5% 25% $22,767,442
NAE New Age Exploration 0.0055 -8% -21% -31% $9,866,444
VKA Viking Mines Ltd 0.011 10% 22% 57% $12,303,101
LCL LCL Resources Ltd 0.027 4% -13% 19% $20,651,916
MTH Mithril Resources 0.002 0% 33% -56% $6,737,609
ADG Adelong Gold Limited 0.007 0% -13% -53% $4,174,256
RMX Red Mount Min Ltd 0.004 -20% 0% -27% $10,694,304
PRS Prospech Limited 0.025 -4% 0% -21% $5,054,479
XTC Xantippe Res Ltd 0.001 0% 0% -81% $17,528,005
TTM Titan Minerals 0.037 6% -8% -44% $56,219,771
NML Navarre Minerals Ltd 0.019 0% 0% -60% $28,555,654
MZZ Matador Mining Ltd 0.048 -4% -20% -52% $15,143,714
KZR Kalamazoo Resources 0.095 1% -17% -51% $16,110,457
BCN Beacon Minerals 0.025 4% 0% 4% $93,919,204
MAU Magnetic Resources 0.8 -4% -1% -11% $195,277,511
BC8 Black Cat Syndicate 0.195 5% -15% -38% $60,148,624
EM2 Eagle Mountain 0.072 -5% -15% -63% $21,957,614
EMR Emerald Res NL 2.48 -3% 0% 119% $1,492,894,838
BYH Bryah Resources Ltd 0.0135 4% -21% -43% $4,841,171
HCH Hot Chili Ltd 1.09 -2% -23% 14% $130,195,275
WAF West African Res Ltd 0.7175 6% -10% -30% $738,801,415
MEU Marmota Limited 0.032 0% 3% -30% $33,881,618
NVA Nova Minerals Ltd 0.265 15% 2% -61% $55,885,840
DCN Dacian Gold Ltd 0.13 18% 18% 8% $152,100,117
SVL Silver Mines Limited 0.165 3% 0% -6% $238,736,464
PGD Peregrine Gold 0.26 -4% -25% -52% $15,167,955
ICL Iceni Gold 0.07 -7% -14% -23% $16,790,000
FG1 Flynngold 0.068 24% -4% -35% $9,274,016
WWI West Wits Mining Ltd 0.014 8% -7% -18% $32,498,210
RML Resolution Minerals 0.005 -29% -17% -50% $6,286,459
AAJ Aruma Resources Ltd 0.034 0% -6% -53% $6,300,528
AL8 Alderan Resource Ltd 0.014 0% 100% 56% $8,017,030
GMN Gold Mountain Ltd 0.006 0% -14% 0% $13,614,472
MEG Megado Minerals Ltd 0.037 -8% -3% -54% $8,142,578
HMG Hamelingoldlimited 0.09 7% 0% -40% $14,175,000
TBA Tombola Gold Ltd 0.026 0% 0% 0% $33,129,243
BM8 Battery Age Minerals 0.25 0% -25% -50% $22,284,222
TBR Tribune Res Ltd 3.15 3% -4% -6% $160,027,635
FML Focus Minerals Ltd 0.16 -6% -11% 28% $45,849,383
GSR Greenstone Resources 0.009 -10% 0% -69% $12,288,747
VRC Volt Resources Ltd 0.008 -6% -11% -70% $33,485,103
ARV Artemis Resources 0.024 9% -29% -54% $40,947,878
HRN Horizon Gold Ltd 0.3 -4% -10% -8% $39,120,702
CLA Celsius Resource Ltd 0.011 0% 0% -15% $24,706,568
QML Qmines Limited 0.092 -8% -16% -39% $19,055,463
RDN Raiden Resources Ltd 0.025 -14% -19% 229% $60,732,494
TCG Turaco Gold Limited 0.05 2% -4% 2% $25,135,833
KCC Kincora Copper 0.029 -6% -34% -52% $4,646,584
GBZ GBM Rsources Ltd 0.018 20% 13% -53% $9,304,827
DTM Dart Mining NL 0.021 -5% -25% -73% $3,806,269
MKR Manuka Resources. 0.043 -12% -14% -67% $24,188,363
AUC Ausgold Limited 0.03 3% -14% -27% $70,032,307
ANX Anax Metals Ltd 0.034 0% -32% -48% $14,186,829
EMU EMU NL 0.002 -20% 0% -59% $2,900,043
SFM Santa Fe Minerals 0.043 -2% -2% -49% $3,131,208
SSR SSR Mining Inc. 20.64 4% -9% -6% $453,698,160
PNR Pantoro Limited 0.038 0% -17% -80% $202,957,190
CMM Capricorn Metals 4.345 6% 3% 33% $1,661,735,134
X64 Ten Sixty Four Ltd 0.57 0% 0% -4% $130,184,182
SI6 SI6 Metals Limited 0.006 -14% -33% 20% $11,963,157
HAW Hawthorn Resources 0.092 -12% -23% 7% $30,821,436
BGD Bartongoldholdings 0.23 2% 5% 53% $44,968,173
SVY Stavely Minerals Ltd 0.068 -9% -6% -56% $26,044,934
AGC AGC Ltd 0.06 -3% 2% -10% $5,900,000
RVR Red River Resources 0 -100% -100% -100% $37,847,908
RGL Riversgold 0.013 -4% 8% -70% $12,366,399
TSO Tesoro Gold Ltd 0.015 -25% -29% -61% $15,804,189
OKR Okapi Resources 0.13 -4% 46% -42% $25,210,322
CPM Coopermetalslimited 0.12 -4% -17% -63% $6,386,118
MM8 Medallion Metals. 0.063 -10% -5% -57% $19,374,280
AUT Auteco Minerals 0.029 7% -6% -28% $77,150,130
CBY Canterbury Resources 0.027 0% 0% -40% $3,902,135
LYN Lycaonresources 0.23 2% -12% -15% $9,215,813
SFR Sandfire Resources 6.04 0% -5% 66% $2,819,643,133
NCM Newcrest Mining 25.965 7% 1% 50% $23,071,152,886
TMZ Thomson Res Ltd 0.005 0% 0% -72% $4,881,018
TAM Tanami Gold NL 0.037 -3% -5% -5% $43,478,591
WMC Wiluna Mining Corp 0.205 0% 0% 0% $74,238,031
NWM Norwest Minerals 0.03 3% -12% 7% $9,489,794
ALK Alkane Resources Ltd 0.62 6% -1% -7% $379,677,746
BMO Bastion Minerals 0.018 -14% -10% -77% $3,764,795
IDA Indiana Resources 0.058 -2% 2% 7% $31,243,212
GSM Golden State Mining 0.035 -13% -13% -15% $7,261,355
NSM Northstaw 0.032 -6% -29% -76% $3,844,064
GSN Great Southern 0.025 4% 19% -39% $18,865,880
RED Red 5 Limited 0.31 17% 35% 88% $1,073,278,668
DEG De Grey Mining 1.1925 10% -10% 22% $2,158,914,448
THR Thor Energy PLC 0.027 -16% -27% -70% $4,937,422
CDR Codrus Minerals Ltd 0.062 3% -22% -13% $5,496,750
MDI Middle Island Res 0.021 5% -13% -67% $2,953,823
BAT Battery Minerals Ltd 0.026 -10% -35% -83% $3,109,717
POL Polymetals Resources 0.29 -6% -3% 71% $43,113,785
RDS Redstone Resources 0.008 -11% 60% 0% $6,971,028
NAG Nagambie Resources 0.021 5% -22% -74% $10,471,074
BGL Bellevue Gold Ltd 1.42 3% -1% 95% $1,625,398,673
GBR Greatbould Resources 0.062 15% -5% -35% $31,834,503
KAI Kairos Minerals Ltd 0.021 5% -5% -23% $49,797,332
KAU Kaiser Reef 0.17 3% 0% 0% $25,139,129
HRZ Horizon 0.033 -13% -6% -51% $23,833,445
CAI Calidus Resources 0.1475 18% -11% -57% $88,142,580
CDT Castle Minerals 0.01 0% 0% -59% $11,244,930
RSG Resolute Mining 0.3625 8% 5% 88% $766,458,005
MXR Maximus Resources 0.028 -7% -13% -36% $8,976,962
EVN Evolution Mining Ltd 3.465 6% -7% 80% $6,522,002,731
CXU Cauldron Energy Ltd 0.009 -17% 14% -14% $8,564,118
DLI Delta Lithium 0.71 2% -4% 23% $370,197,774
ALY Alchemy Resource Ltd 0.011 10% 0% -59% $11,780,763
HXG Hexagon Energy 0.009 0% -10% -40% $4,616,243
OBM Ora Banda Mining Ltd 0.1 0% 12% 39% $165,186,370
SLR Silver Lake Resource 0.9525 10% 0% -19% $911,375,725
AVW Avira Resources Ltd 0.0015 -25% 0% -57% $3,200,685
LCY Legacy Iron Ore 0.019 6% 27% 0% $128,136,524
PDI Predictive Disc Ltd 0.195 -3% -7% 8% $423,990,038
MAT Matsa Resources 0.027 -7% -4% -29% $12,843,199
ZAG Zuleika Gold Ltd 0.02 82% 43% 11% $9,414,911
GML Gateway Mining 0.027 -10% -27% -69% $7,191,006
SBM St Barbara Limited 0.1825 4% -4% -42% $155,414,372
SBR Sabre Resources 0.032 -16% -32% -42% $9,619,044
STK Strickland Metals 0.1025 39% 133% 185% $144,066,690
SAU Southern Gold 0.015 7% 15% -46% $7,294,279
CEL Challenger Gold Ltd 0.084 6% -1% -48% $101,705,216
LRL Labyrinth Resources 0.006 -14% -14% -69% $7,125,262
NST Northern Star 11.11 4% -2% 38% $13,029,947,312
OZM Ozaurum Resources 0.1 2% 194% 33% $15,875,000
TG1 Techgen Metals Ltd 0.029 45% -29% -80% $1,929,207
XAM Xanadu Mines Ltd 0.072 13% -24% 157% $116,285,518
CHZ Chesser Resources 0 -100% -100% -100% $65,818,414
AQI Alicanto Min Ltd 0.046 0% 24% 21% $31,867,514
KTA Krakatoa Resources 0.02 0% -5% -66% $8,697,958
ARN Aldoro Resources 0.093 3% -15% -59% $12,520,008
WGX Westgold Resources. 1.83 13% 3% 125% $878,570,164
MBK Metal Bank Ltd 0.038 -5% 9% -23% $13,480,878
A8G Australasian Metals 0.205 3% 28% -27% $10,684,701
TAR Taruga Minerals 0.01 0% -9% -66% $7,060,268
DTR Dateline Resources 0.01 -23% -41% -87% $8,854,428
GOR Gold Road Res Ltd 1.7475 6% 5% 38% $1,900,135,984
S2R S2 Resources 0.21 0% 20% 50% $82,018,304
NES Nelson Resources. 0.004 -20% -33% -68% $2,454,377
TLM Talisman Mining 0.14 8% -3% -3% $26,364,849
BEZ Besragoldinc 0.135 0% -10% 204% $60,624,631
PRU Perseus Mining Ltd 1.57 3% -10% -2% $2,203,706,539
SPQ Superior Resources 0.02 -9% -33% -57% $36,691,075
PUR Pursuit Minerals 0.0085 -6% -6% -29% $26,495,743
RMS Ramelius Resources 1.6775 12% 27% 168% $1,909,448,124
PKO Peako Limited 0.006 0% 0% -63% $3,689,593
ICG Inca Minerals Ltd 0.019 6% -10% -53% $8,863,195
A1G African Gold Ltd. 0.041 17% -11% -34% $6,941,760
OAU Ora Gold Limited 0.008 0% 0% 60% $38,262,474
GNM Great Northern 0.0245 -9% 2% -59% $3,788,412
KRM Kingsrose Mining Ltd 0.05 0% -11% -7% $37,626,326
BTR Brightstar Resources 0.011 10% -8% -42% $20,724,167
RRL Regis Resources 1.5375 1% -5% -1% $1,185,881,929
M24 Mamba Exploration 0.045 -10% -10% -63% $2,744,250
TRM Truscott Mining Corp 0.061 5% 42% 69% $10,575,391
TNC True North Copper 0.17 -3% -15% 254% $44,173,047
MOM Moab Minerals Ltd 0.008 0% -20% -27% $5,339,726
KNB Koonenberrygold 0.041 3% -18% -46% $4,909,713
AWJ Auric Mining 0.047 18% 4% -35% $5,757,822
AZS Azure Minerals 2.395 -9% -9% 941% $1,078,749,807
ENR Encounter Resources 0.295 18% -12% 146% $122,612,992
SNG Siren Gold 0.065 -7% -20% -68% $10,331,867
STN Saturn Metals 0.16 0% 10% -31% $25,846,177
USL Unico Silver Limited 0.075 -11% -19% -42% $22,203,869
PNM Pacific Nickel Mines 0.084 -5% -7% -6% $35,133,261
AYM Australia United Min 0.003 0% 0% -25% $5,527,732
ANL Amani Gold Ltd 0.001 0% 0% 0% $25,143,441
HAV Havilah Resources 0.24 -2% 0% -20% $77,576,606
SPR Spartan Resources 0.37 -10% 1% 69% $324,719,413
PNT Panthermetalsltd 0.071 -11% -7% -58% $4,341,650
MEK Meeka Metals Limited 0.036 -3% -25% -41% $42,694,522
GMD Genesis Minerals 1.39 1% -17% 35% $1,427,010,060
PGO Pacgold 0.21 17% 0% -54% $17,587,648
FEG Far East Gold 0.19 23% 0% -70% $34,315,180
MI6 Minerals260Limited 0.435 0% -13% 28% $105,300,000
IGO IGO Limited 11.725 1% -18% -25% $8,746,443,240
GAL Galileo Mining Ltd 0.33 -8% 3% -73% $68,180,600
RXL Rox Resources 0.22 -2% 7% -8% $81,007,214
KIN KIN Min NL 0.038 -7% -5% -49% $44,769,721
CLZ Classic Min Ltd 0.001 0% 0% -94% $12,357,082
TGM Theta Gold Mines Ltd 0.135 -10% 0% 111% $95,185,126
FAL Falconmetalsltd 0.145 -3% -12% -28% $27,435,000
SXG Southern Cross Gold 0.71 -11% -3% 141% $67,091,439
SPD Southernpalladium 0.395 0% -12% -61% $17,015,939
ORN Orion Minerals Ltd 0.018 6% -5% 13% $102,360,624
TMB Tambourahmetals 0.135 -21% -39% -7% $10,782,246
TMS Tennant Minerals Ltd 0.028 0% -15% -3% $21,264,135
AZY Antipa Minerals Ltd 0.013 8% 8% -48% $52,434,189
PXX Polarx Limited 0.01 11% 11% 0% $14,036,551
TRE Toubaniresourcesinc 0.11 10% -19% 0% $12,928,173
AUN Aurumin 0.025 -7% 14% -70% $8,356,406
GPR Geopacific Resources 0.017 6% 0% -75% $13,960,249
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And the biggest of winners this week?

The golden star stamp goes to…

Zuleika Gold (ASX:ZAG): +82%

When the world zigs (and boy has it zigged this week, see further above), Mark Creasy ZAGs – lately into Zuleika Gold.

The small goldie was the standout performer in precious metals this week, up 82% over the past seven days on news that it has entered into a subscription agreement with Yandal Investments, for the raising of $3 million.

And that’s a company owned and controlled by legendary West Australian prospector and investor Mark Creasy.

Zuleika noted that the subscription price came in at a 28% premium to its prior closing price. Nice work if you can get it.

Proceeds from the private placement will be funnelled straight into the company’s ongoing exploration and development programs across multiple targets at its four Kalgoorlie projects – Zuleika, Credo, Menzies and Goongarrie.

It’s not the first time ZAG has seen a Creasy pump. Here’s a jump back in time for you, to January 2022…

Meanwhile, Creasy has been particularly busy lately. His majority owned CZR is eyeing the iron throne. Per a report from Stockhead resources expert Josh Chiat:

“The famous Perth prospector owns more than 50% of CZR Resources (ASX:CZR), owner of the Robe Mesa deposit adjacent to Rio Tinto’s (ASX:RIO) Robe Valley mines, which include the Robe River JV from where over 1.7 BILLION TONNES have been shipped over the past 51 years.”

Read here for more on that story. The CZR share price, by the way, is also well up today with a 20% gain at the time of writing.

This is not to say anything of Creasy’s massive stakes in IGO (ASX:IGO)Galileo Mining (ASX:GAL) and Azure Minerals (ASX:AZS).

ZAG share price