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Gold Digger: Prices at all-time highs yet G&R says gold stocks have never been so cheap?!
Mining
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- Gold hits new highs while bullion equities remain deeply undervalued
- Market cap of gold miners at same level as 2011 bodes well for future investment
- “Current opportunity as compelling as any we’ve seen in the market”
Our Gold Digger column wraps all the news driving ASX stocks with exposure to precious metals.
US-based National Resources Investors Leigh Goehring & Adam Rozencwajg (G&R) say major commodities are currently as vastly undervalued against common equities as they’ve ever been and have never been cheaper to buy into – especially gold.
The G&R founders say that when gold had recently surged past the US$2500 mark for the first time in history, it would herald a golden age for gold stocks “yet paradoxically, these stocks have seldom been cheaper”.
“Even as gold has rallied, investors have continued to withdraw funds from gold equity ETFs, with US$1.5bn redeemed from the GDX thus far in 2024 – a testament to the widespread disinterest in the sector.”
Underlying factors
“The last great bull market in gold spanned from 1999-2011, during which the price of gold soared from US$252 to US$1900/oz, an eightfold increase,” the two analysts wrote.
“After a sharp correction between 2011 and 2015, gold resumed its upward trajectory, now trading 30% above its 2011 peak.
“Gold equities, however, have failed to follow suit. The NYSE Arca Gold Bugs Index (HUI), a benchmark for gold stocks, languishes at 312, more than 50% below its September 2011 high.
“Even more striking, the HUI today is only 10% above its August 2016 level – when gold was a mere US$1300 per ounce.”
Gold rallied from a 2015 low of US$1051 to an all-time high of US$2500, while the HUI rose from 100 to 312.
“Yet despite this, the market capitalisation of gold miners remains at US$220bn, which is the same as it was in 2011 – despite the fact that gold is 35% higher and the S&P 500’s market capitalisation is four times greater,” G&R says.
“In an environment where gold is hitting new highs, yet gold equities remain deeply undervalued, astute investors should take note.
“The current opportunity is as compelling as any we’ve seen in the history of the gold market.”
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 | Price | %Wk | %Year | Market Cap | |
|---|---|---|---|---|---|---|
| M2R | Miramar | 0.011 | 83.33 | -76.23 | $4,737,354.72 | |
| SIH | Sihayo Gold Limited | 0.003 | 50.00 | 50.00 | $24,408,512.36 | |
| FXG | Felix Gold Limited | 0.049 | 44.12 | -45.56 | $12,776,541.75 | |
| QML | Qmines Limited | 0.072 | 44.00 | -44.62 | $18,654,384.78 | |
| NXM | Nexus Minerals Ltd | 0.051 | 41.67 | -20.56 | $19,453,006.45 | |
| PRX | Prodigy Gold NL | 0.0025 | 40.62 | -48.86 | $5,294,436.21 | |
| NAG | Nagambie Resources | 0.014 | 40.00 | -62.16 | $12,746,170.83 | |
| DTR | Dateline Resources | 0.007 | 40.00 | -61.11 | $15,541,259.03 | |
| ILT | Iltani Resources Lim | 0.23 | 35.29 | 15.00 | $5,781,785.85 | |
| RDN | Raiden Resources Ltd | 0.031 | 34.78 | 158.33 | $92,441,324.22 | |
| SLZ | Sultan Resources Ltd | 0.008 | 33.33 | -70.94 | $1,580,691.91 | |
| ION | Iondrive Limited | 0.012 | 33.33 | -29.41 | $9,210,597.51 | |
| A1G | African Gold Ltd. | 0.031 | 29.17 | -19.17 | $9,364,161.60 | |
| TAR | Taruga Minerals | 0.009 | 28.57 | -18.18 | $6,354,241.07 | |
| MTH | Mithril Resources | 0.14 | 27.27 | -30.00 | $13,847,789.97 | |
| GNM | Great Northern | 0.014 | 27.27 | -51.72 | $2,010,178.00 | |
| LEX | Lefroy Exploration | 0.097 | 25.97 | -51.50 | $18,442,180.34 | |
| FFM | Firefly Metals Ltd | 0.945 | 25.17 | 96.88 | $461,479,643.52 | |
| AVM | Advance Metals Ltd | 0.025 | 25.00 | -77.39 | $3,385,311.08 | |
| ARV | Artemis Resources | 0.015 | 25.00 | -40.00 | $26,836,353.96 | |
| CLA | Celsius Resource Ltd | 0.015 | 25.00 | 36.36 | $33,990,778.40 | |
| RGL | Riversgold | 0.005 | 25.00 | -61.54 | $6,637,312.97 | |
| MOM | Moab Minerals Ltd | 0.005 | 25.00 | -54.55 | $3,969,071.19 | |
| SBM | St Barbara Limited | 0.26 | 23.81 | 26.83 | $204,492,595.00 | |
| KZR | Kalamazoo Resources | 0.081 | 22.73 | -37.69 | $16,227,000.38 | |
| A8G | Australasian Metals | 0.135 | 22.73 | -15.63 | $6,775,664.22 | |
| SMI | Santana Minerals Ltd | 1.64 | 22.39 | 173.33 | $321,218,662.29 | |
| M24 | Mamba Exploration | 0.011 | 22.22 | -80.00 | $2,068,905.04 | |
| SXG | Southern Cross Gold | 2.79 | 21.83 | 506.83 | $537,870,762.88 | |
| AQX | Alice Queen Ltd | 0.0085 | 21.43 | -29.16 | $9,175,120.54 | |
| PUA | Peak Minerals Ltd | 0.003 | 20.00 | 20.69 | $4,453,934.92 | |
| DTM | Dart Mining NL | 0.018 | 20.00 | -43.00 | $4,651,791.70 | |
| TAM | Tanami Gold NL | 0.036 | 20.00 | -2.70 | $41,128,396.61 | |
| PDI | Predictive Disc Ltd | 0.27 | 20.00 | 35.00 | $646,498,045.33 | |
| MAT | Matsa Resources | 0.03 | 20.00 | -16.67 | $16,958,804.43 | |
| AWJ | Auric Mining | 0.2875 | 19.79 | 618.75 | $43,823,244.45 | |
| FML | Focus Minerals Ltd | 0.155 | 19.23 | -18.42 | $44,416,589.98 | |
| ADT | Adriatic Metals | 3.12 | 19.08 | -20.00 | $910,467,899.25 | |
| HMG | Hamelingoldlimited | 0.125 | 19.05 | 38.89 | $16,537,500.00 | |
| WA8 | Warriedarresourltd | 0.069 | 18.97 | -23.33 | $50,367,262.64 | |
| GRL | Godolphin Resources | 0.013 | 18.18 | -65.79 | $2,780,585.87 | |
| MI6 | Minerals260Limited | 0.13 | 18.18 | -72.92 | $28,080,000.00 | |
| CY5 | Cygnus Metals Ltd | 0.066 | 17.86 | -70.00 | $24,213,459.86 | |
| REZ | Resourc & En Grp Ltd | 0.028 | 16.67 | 86.67 | $18,105,895.42 | |
| ZAG | Zuleika Gold Ltd | 0.014 | 16.67 | 16.67 | $10,372,318.98 | |
| TMS | Tennant Minerals Ltd | 0.021 | 16.67 | -34.38 | $18,161,917.89 | |
| USL | Unico Silver Limited | 0.19 | 15.15 | 90.00 | $56,249,544.34 | |
| NVA | Nova Minerals Ltd | 0.155 | 14.81 | -46.55 | $38,969,100.96 | |
| CHN | Chalice Mining Ltd | 1.1 | 14.58 | -78.35 | $416,258,663.16 | |
| LAT | Latitude 66 Limited | 0.12 | 14.29 | -40.00 | $17,113,928.76 | |
| GMN | Gold Mountain Ltd | 0.004 | 14.29 | -50.00 | $11,722,419.55 | |
| ARD | Argent Minerals | 0.016 | 14.29 | 77.78 | $23,102,810.66 | |
| AQI | Alicanto Min Ltd | 0.017 | 13.33 | -52.45 | $12,556,930.35 | |
| AAR | Astral Resources NL | 0.081 | 12.50 | 20.90 | $75,751,000.42 | |
| HXG | Hexagon Energy | 0.018 | 12.50 | 100.00 | $9,745,402.12 | |
| BTR | Brightstar Resources | 0.018 | 12.50 | 50.00 | $112,268,914.79 | |
| AGC | AGC Ltd | 0.3475 | 12.10 | 509.65 | $91,092,013.81 | |
| SVY | Stavely Minerals Ltd | 0.028 | 12.00 | -67.82 | $13,483,131.87 | |
| SNG | Siren Gold | 0.069 | 11.29 | -31.00 | $13,880,650.90 | |
| ASO | Aston Minerals Ltd | 0.01 | 11.11 | -78.72 | $11,655,578.42 | |
| TSO | Tesoro Gold Ltd | 0.03 | 11.11 | 36.36 | $42,380,259.82 | |
| PXX | Polarx Limited | 0.01 | 11.11 | 14.38 | $21,379,508.80 | |
| TRE | Toubani Res Ltd | 0.2 | 11.11 | 37.93 | $32,923,103.66 | |
| AME | Alto Metals Limited | 0.063 | 10.53 | 31.25 | $44,012,913.49 | |
| CST | Castile Resources | 0.075 | 10.29 | 31.58 | $17,416,974.74 | |
| PNR | Pantoro Limited | 0.1075 | 9.69 | 91.96 | $709,943,356.54 | |
| CYL | Catalyst Metals | 2.19 | 9.50 | 294.59 | $487,690,295.04 | |
| AUC | Ausgold Limited | 0.355 | 9.23 | 7.58 | $135,386,957.84 | |
| BM8 | Battery Age Minerals | 0.12 | 9.09 | -71.08 | $10,697,776.10 | |
| GSM | Golden State Mining | 0.012 | 9.09 | -61.29 | $3,352,447.56 | |
| EVN | Evolution Mining Ltd | 4.325 | 8.94 | 27.21 | $8,670,951,992.52 | |
| DRE | Dreadnought Resources Ltd | 0.0185 | 8.82 | -57.95 | $67,194,000.00 | |
| AUN | Aurumin | 0.038 | 8.57 | 90.00 | $17,317,162.55 | |
| KAL | Kalgoorliegoldmining | 0.026 | 8.33 | -10.34 | $5,151,193.22 | |
| SFR | Sandfire Resources | 8.89 | 8.15 | 38.69 | $4,065,980,495.15 | |
| RND | Rand Mining Ltd | 1.6 | 8.11 | 23.08 | $88,726,499.16 | |
| HMX | Hammer Metals Ltd | 0.04 | 8.11 | -25.93 | $34,569,886.61 | |
| MEK | Meeka Metals Limited | 0.055 | 7.84 | 7.84 | $72,847,826.99 | |
| RRL | Regis Resources | 1.7575 | 7.82 | 14.12 | $1,310,733,815.36 | |
| HCH | Hot Chili Ltd | 0.835 | 7.74 | -38.38 | $126,426,682.84 | |
| FG1 | Flynngold | 0.028 | 7.69 | -50.77 | $6,372,911.75 | |
| KNB | Koonenberrygold | 0.014 | 7.69 | -53.57 | $3,741,237.16 | |
| GUE | Global Uranium | 0.057 | 7.55 | -43.00 | $15,675,546.87 | |
| BNZ | Benzmining | 0.145 | 7.41 | -61.84 | $15,507,159.27 | |
| MRZ | Mont Royal Resources | 0.06 | 7.14 | -72.73 | $5,101,787.58 | |
| DLI | Delta Lithium | 0.225 | 7.14 | -74.34 | $164,083,642.66 | |
| ORN | Orion Minerals Ltd | 0.015 | 7.14 | -21.05 | $109,346,335.41 | |
| BRX | Belararoxlimited | 0.3 | 7.14 | -30.23 | $31,919,542.20 | |
| SSR | SSR Mining Inc. | 7.87 | 7.07 | -64.39 | $32,482,402.18 | |
| EMR | Emerald Res NL | 4.035 | 7.03 | 81.76 | $2,664,071,149.60 | |
| OBM | Ora Banda Mining Ltd | 0.5175 | 6.70 | 488.07 | $976,996,138.65 | |
| WWI | West Wits Mining Ltd | 0.016 | 6.67 | 0.00 | $40,667,629.02 | |
| AAJ | Aruma Resources Ltd | 0.016 | 6.67 | -56.76 | $3,552,930.75 | |
| TG1 | Techgen Metals Ltd | 0.032 | 6.67 | -31.91 | $4,228,374.74 | |
| BNR | Bulletin Res Ltd | 0.05 | 6.38 | -5.66 | $14,387,052.83 | |
| TBR | Tribune Res Ltd | 3.88 | 6.30 | 9.92 | $203,576,138.76 | |
| GAL | Galileo Mining Ltd | 0.17 | 6.25 | -63.83 | $34,584,362.23 | |
| BGD | Bartongoldholdings | 0.26 | 6.12 | 18.18 | $51,384,846.67 | |
| NST | Northern Star | 15 | 6.08 | 42.99 | $17,421,593,298.56 | |
| RSG | Resolute Mining | 0.6725 | 5.91 | 110.16 | $1,458,399,258.91 | |
| BC8 | Black Cat Syndicate | 0.36 | 5.88 | 33.33 | $159,545,084.04 | |
| SFM | Santa Fe Minerals | 0.038 | 5.56 | -13.64 | $2,767,113.98 | |
| XAM | Xanadu Mines Ltd | 0.058 | 5.45 | -39.58 | $101,244,354.53 | |
| KSN | Kingston Resources | 0.08 | 5.26 | 1.59 | $55,147,557.74 | |
| MLS | Metals Australia | 0.02 | 5.26 | -35.48 | $14,544,390.48 | |
| HRN | Horizon Gold Ltd | 0.3 | 5.26 | -8.37 | $43,451,976.90 | |
| SPR | Spartan Resources | 1.36 | 5.02 | 371.99 | $1,499,792,435.53 | |
| MEI | Meteoric Resources | 0.105 | 5.00 | -43.24 | $246,413,182.95 | |
| HRZ | Horizon | 0.042 | 5.00 | 20.00 | $49,216,600.49 | |
| IGO | IGO Limited | 5.215 | 4.93 | -59.16 | $4,013,519,408.90 | |
| ANX | Anax Metals Ltd | 0.022 | 4.76 | -56.00 | $13,856,341.96 | |
| GML | Gateway Mining | 0.022 | 4.76 | -40.54 | $9,095,566.78 | |
| STK | Strickland Metals | 0.11 | 4.76 | 161.90 | $253,507,695.33 | |
| TOR | Torque Met | 0.11 | 4.76 | -16.98 | $21,670,476.49 | |
| VMC | Venus Metals Cor Ltd | 0.07 | 4.48 | -44.00 | $11,952,907.03 | |
| CEL | Challenger Gold Ltd | 0.047 | 4.44 | -39.74 | $64,574,085.34 | |
| WAF | West African Res Ltd | 1.46 | 4.29 | 76.97 | $1,677,527,931.20 | |
| ADV | Ardiden Ltd | 0.125 | 4.17 | -51.55 | $7,814,688.25 | |
| STN | Saturn Metals | 0.1875 | 4.17 | 20.97 | $54,529,605.98 | |
| MM8 | Medallion Metals. | 0.056 | 3.70 | -20.00 | $21,518,188.96 | |
| WCN | White Cliff Min Ltd | 0.0145 | 3.57 | 107.14 | $21,182,036.38 | |
| TGM | Theta Gold Mines Ltd | 0.145 | 3.57 | 26.09 | $99,615,577.32 | |
| WGX | Westgold Resources. | 2.97 | 3.48 | 100.68 | $2,895,346,748.30 | |
| LM8 | Lunnonmetalslimited | 0.155 | 3.33 | -82.18 | $34,172,655.79 | |
| MXR | Maximus Resources | 0.031 | 3.33 | 2.32 | $13,265,758.42 | |
| ENR | Encounter Resources | 0.475 | 3.26 | 17.28 | $223,654,886.73 | |
| GSN | Great Southern | 0.017 | 3.03 | -10.53 | $14,374,922.87 | |
| GWR | GWR Group Ltd | 0.078 | 2.63 | -17.02 | $26,018,549.06 | |
| PRU | Perseus Mining Ltd | 2.535 | 2.63 | 50.45 | $3,576,972,308.00 | |
| GIB | Gibb River Diamonds | 0.04 | 2.56 | 11.11 | $7,402,830.58 | |
| RED | Red 5 Limited | 0.3525 | 2.17 | 71.95 | $2,516,915,151.34 | |
| POL | Polymetals Resources | 0.25 | 2.04 | -16.67 | $48,690,166.25 | |
| RMS | Ramelius Resources | 2.08 | 1.96 | 66.40 | $2,393,441,741.24 | |
| LYN | Lycaonresources | 0.265 | 1.92 | -13.11 | $13,776,053.98 | |
| WTM | Waratah Minerals Ltd | 0.405 | 1.25 | 462.50 | $69,312,531.05 | |
| MAU | Magnetic Resources | 1.57 | 1.13 | 84.71 | $412,693,904.70 | |
| GOR | Gold Road Res Ltd | 1.795 | 1.13 | 15.06 | $1,998,770,718.74 | |
| DEG | De Grey Mining | 1.2125 | 0.62 | -13.04 | $2,971,886,827.00 | |
| GMD | Genesis Minerals | 2.185 | 0.23 | 49.66 | $2,490,832,032.42 | |
| CMM | Capricorn Metals | 5.935 | 0.08 | 46.54 | $2,257,617,625.38 | |
| MRR | Minrex Resources Ltd | 0.009 | 0.00 | -35.71 | $9,763,807.53 | |
| NPM | Newpeak Metals | 0.014 | 0.00 | -84.32 | $3,817,563.31 | |
| NMR | Native Mineral Res | 0.02 | 0.00 | -60.78 | $4,721,636.56 | |
| MKG | Mako Gold | 0.009 | 0.00 | -60.87 | $8,784,073.62 | |
| TMX | Terrain Minerals | 0.003 | 0.00 | -40.00 | $5,298,086.41 | |
| SKY | SKY Metals Ltd | 0.032 | 0.00 | -15.79 | $18,865,701.31 | |
| GTR | Gti Energy Ltd | 0.003 | 0.00 | -62.50 | $8,924,814.82 | |
| MOH | Moho Resources | 0.0045 | 0.00 | -55.00 | $2,426,301.89 | |
| AAU | Antilles Gold Ltd | 0.004 | 0.00 | -86.21 | $5,845,710.90 | |
| CWX | Carawine Resources | 0.091 | 0.00 | -31.55 | $21,487,415.86 | |
| SRN | Surefire Rescs NL | 0.006 | 0.00 | -60.00 | $11,917,846.88 | |
| MCT | Metalicity Limited | 0.002 | 0.00 | -33.33 | $9,392,131.71 | |
| MHC | Manhattan Corp Ltd | 0.001 | 0.00 | -88.00 | $2,936,979.78 | |
| GUL | Gullewa Limited | 0.065 | 0.00 | 18.18 | $13,310,251.50 | |
| NAE | New Age Exploration | 0.004 | 0.00 | -20.00 | $7,175,595.64 | |
| VKA | Viking Mines Ltd | 0.008 | 0.00 | -20.00 | $8,202,067.45 | |
| LCL | LCL Resources Ltd | 0.007 | 0.00 | -77.42 | $6,754,146.18 | |
| ADG | Adelong Gold Limited | 0.004 | 0.00 | -55.56 | $4,471,955.83 | |
| RMX | Red Mount Min Ltd | 0.001 | 0.00 | -71.43 | $3,873,577.31 | |
| PRS | Prospech Limited | 0.033 | 0.00 | 13.79 | $9,986,715.92 | |
| NML | Navarre Minerals Ltd | 0.019 | 0.00 | 0.00 | $28,555,653.83 | |
| AAM | Aumegametals | 0.045 | 0.00 | -22.41 | $24,725,277.83 | |
| EM2 | Eagle Mountain | 0.05 | 0.00 | -47.02 | $19,643,746.10 | |
| RML | Resolution Minerals | 0.0025 | 0.00 | -50.00 | $4,025,054.52 | |
| AL8 | Alderan Resource Ltd | 0.003 | 0.00 | -57.14 | $3,818,583.92 | |
| TBA | Tombola Gold Ltd | 0.026 | 0.00 | 0.00 | $33,129,242.98 | |
| TCG | Turaco Gold Limited | 0.24 | 0.00 | 352.83 | $191,327,173.46 | |
| GBZ | GBM Rsources Ltd | 0.009 | 0.00 | -50.00 | $10,410,200.00 | |
| EMU | EMU NL | 0.019 | 0.00 | -65.50 | $2,384,484.55 | |
| X64 | Ten Sixty Four Ltd | 0.57 | 0.00 | 0.00 | $130,184,181.57 | |
| HAW | Hawthorn Resources | 0.061 | 0.00 | -46.96 | $20,435,952.39 | |
| CPM | Coopermetalslimited | 0.069 | 0.00 | -44.80 | $5,406,539.85 | |
| TMZ | Thomson Res Ltd | 0.005 | 0.00 | 0.00 | $4,881,018.47 | |
| NWM | Norwest Minerals | 0.022 | 0.00 | -47.62 | $10,672,629.22 | |
| ALK | Alkane Resources Ltd | 0.42 | 0.00 | -35.38 | $262,518,361.85 | |
| IDA | Indiana Resources | 0.091 | 0.00 | 63.04 | $58,996,528.67 | |
| NSM | Northstaw | 0.015 | 0.00 | -77.87 | $2,098,136.76 | |
| THR | Thor Energy PLC | 0.016 | 0.00 | -68.00 | $3,726,884.85 | |
| RDS | Redstone Resources | 0.004 | 0.00 | -33.33 | $4,626,892.30 | |
| KAI | Kairos Minerals Ltd | 0.01 | 0.00 | -60.00 | $26,309,121.89 | |
| CAI | Calidus Resources | 0.115 | 0.00 | -32.35 | $93,678,205.58 | |
| CDT | Castle Minerals | 0.004 | 0.00 | -60.00 | $5,311,305.27 | |
| CXU | Cauldron Energy Ltd | 0.018 | 0.00 | 160.87 | $22,077,551.36 | |
| ALY | Alchemy Resource Ltd | 0.006 | 0.00 | -53.85 | $7,068,457.54 | |
| AVW | Avira Resources Ltd | 0.001 | 0.00 | -50.00 | $2,938,790.00 | |
| SBR | Sabre Resources | 0.013 | 0.00 | -61.76 | $5,108,505.13 | |
| LRL | Labyrinth Resources | 0.015 | 0.00 | 150.00 | $21,174,032.56 | |
| KTA | Krakatoa Resources | 0.009 | 0.00 | -65.38 | $4,248,964.98 | |
| ARN | Aldoro Resources | 0.075 | 0.00 | -63.41 | $10,096,780.73 | |
| NES | Nelson Resources. | 0.003 | 0.00 | -57.14 | $1,840,782.98 | |
| BEZ | Besragoldinc | 0.1 | 0.00 | -44.44 | $43,900,595.13 | |
| PUR | Pursuit Minerals | 0.003 | 0.00 | -75.00 | $10,906,199.96 | |
| PKO | Peako Limited | 0.004 | 0.00 | -35.18 | $3,513,899.46 | |
| ICG | Inca Minerals Ltd | 0.004 | 0.00 | -78.95 | $4,052,682.40 | |
| OAU | Ora Gold Limited | 0.0055 | 0.00 | -8.33 | $35,705,798.16 | |
| TRM | Truscott Mining Corp | 0.06 | 0.00 | 47.05 | $10,979,913.60 | |
| PNM | Pacific Nickel Mines | 0.024 | 0.00 | -71.08 | $10,103,834.52 | |
| AYM | Australia United Min | 0.003 | 0.00 | 0.00 | $5,527,732.46 | |
| ANL | Amani Gold Ltd | 0.001 | 0.00 | 0.00 | $25,743,441.13 | |
| PGO | Pacgold | 0.1 | 0.00 | -55.56 | $8,414,544.00 | |
| RXL | Rox Resources | 0.14 | 0.00 | -37.38 | $57,216,213.46 | |
| PTN | Patronus Resources | 0.054 | 0.00 | 35.00 | $68,332,731.78 | |
| CLZ | Classic Min Ltd | 0.001 | 0.00 | -98.00 | $1,253,841.86 | |
| AZY | Antipa Minerals Ltd | 0.011 | 0.00 | -31.25 | $57,224,393.14 | |
| BGL | Bellevue Gold Ltd | 1.3425 | -0.19 | -10.50 | $1,752,858,490.24 | |
| ERM | Emmerson Resources | 0.053 | -1.85 | -23.19 | $28,869,618.76 | |
| OZM | Ozaurum Resources | 0.049 | -2.00 | 22.50 | $8,413,750.00 | |
| ARL | Ardea Resources Ltd | 0.44 | -2.22 | -39.31 | $89,857,311.75 | |
| KRM | Kingsrose Mining Ltd | 0.038 | -2.56 | -43.28 | $30,101,060.76 | |
| SPD | Southernpalladium | 0.37 | -2.63 | 34.55 | $33,207,500.00 | |
| HAV | Havilah Resources | 0.175 | -2.78 | -32.69 | $55,411,861.75 | |
| AMI | Aurelia Metals Ltd | 0.17 | -2.86 | 104.82 | $296,023,801.85 | |
| FEG | Far East Gold | 0.155 | -3.13 | -38.00 | $39,418,341.35 | |
| KAU | Kaiser Reef | 0.15 | -3.23 | -21.05 | $30,666,584.10 | |
| YRL | Yandal Resources | 0.135 | -3.57 | 170.00 | $34,814,989.82 | |
| IPT | Impact Minerals | 0.013 | -3.70 | -13.33 | $39,772,638.33 | |
| GBR | Greatbould Resources | 0.046 | -4.17 | -30.30 | $28,561,729.06 | |
| BMR | Ballymore Resources | 0.11 | -4.35 | -26.67 | $19,440,364.35 | |
| BCN | Beacon Minerals | 0.022 | -4.35 | -12.00 | $82,648,899.76 | |
| S2R | S2 Resources | 0.11 | -4.35 | -33.33 | $49,814,379.23 | |
| G88 | Golden Mile Res Ltd | 0.01 | -4.76 | -73.68 | $4,112,228.55 | |
| IVR | Investigator Res Ltd | 0.039 | -4.88 | -15.22 | $63,555,182.96 | |
| MEU | Marmota Limited | 0.038 | -5.00 | 26.67 | $41,289,977.38 | |
| FAL | Falconmetalsltd | 0.27 | -5.26 | 38.46 | $47,790,000.00 | |
| SMS | Starmineralslimited | 0.031 | -6.06 | -27.91 | $2,936,406.52 | |
| KCN | Kingsgate Consolid. | 1.285 | -6.20 | 9.36 | $341,520,991.90 | |
| MBK | Metal Bank Ltd | 0.015 | -6.25 | -63.81 | $5,856,889.37 | |
| SPQ | Superior Resources | 0.0075 | -6.25 | -78.99 | $16,009,763.34 | |
| KCC | Kincora Copper | 0.044 | -6.38 | 22.22 | $9,014,389.03 | |
| LCY | Legacy Iron Ore | 0.014 | -6.67 | -22.22 | $107,989,675.67 | |
| TTM | Titan Minerals | 0.41 | -6.82 | -18.55 | $79,995,884.04 | |
| GED | Golden Deeps | 0.027 | -6.90 | -59.70 | $3,759,442.82 | |
| BCM | Brazilian Critical | 0.013 | -7.14 | -67.50 | $9,968,873.10 | |
| MTC | Metalstech Ltd | 0.18 | -7.69 | -12.20 | $35,434,508.94 | |
| MDI | Middle Island Res | 0.012 | -7.69 | -42.24 | $2,620,808.24 | |
| MKR | Manuka Resources. | 0.0295 | -7.81 | -44.34 | $22,613,262.40 | |
| GPR | Geopacific Resources | 0.023 | -8.00 | 35.29 | $20,976,137.15 | |
| EMC | Everest Metals Corp | 0.11 | -8.33 | -24.14 | $21,422,557.54 | |
| TMB | Tambourahmetals | 0.043 | -8.51 | -77.95 | $3,566,435.18 | |
| AS1 | Asara Resources Ltd | 0.01 | -9.09 | -64.29 | $9,703,928.85 | |
| MEG | Megado Minerals Ltd | 0.01 | -9.09 | -82.76 | $2,035,644.46 | |
| TM1 | Terra Metals Limited | 0.039 | -9.30 | 39.29 | $15,633,258.41 | |
| G50 | G50Corp Ltd | 0.14 | -9.68 | -6.67 | $16,927,400.00 | |
| BYH | Bryah Resources Ltd | 0.0045 | -10.00 | -75.00 | $2,013,147.42 | |
| CDR | Codrus Minerals Ltd | 0.026 | -10.34 | -71.11 | $4,300,075.10 | |
| ZNC | Zenith Minerals Ltd | 0.043 | -10.42 | -39.44 | $14,799,997.09 | |
| CAZ | Cazaly Resources | 0.016 | -11.11 | -65.22 | $7,380,847.86 | |
| CBY | Canterbury Resources | 0.032 | -11.11 | 14.29 | $6,318,108.67 | |
| TLM | Talisman Mining | 0.2 | -11.11 | 37.93 | $35,780,866.31 | |
| VRC | Volt Resources Ltd | 0.0035 | -12.50 | -61.11 | $14,555,373.44 | |
| TNC | True North Copper | 0.034 | -12.82 | -82.73 | $31,517,647.13 | |
| ASR | Asra Minerals Ltd | 0.006 | -14.29 | -14.29 | $12,228,476.09 | |
| PGD | Peregrine Gold | 0.18 | -14.29 | -36.84 | $13,575,684.20 | |
| BMO | Bastion Minerals | 0.006 | -14.29 | -71.43 | $3,039,074.51 | |
| ICL | Iceni Gold | 0.039 | -15.22 | -57.61 | $10,092,158.92 | |
| SVG | Savannah Goldfields | 0.024 | -17.24 | -64.59 | $6,746,037.98 | |
| MVL | Marvel Gold Limited | 0.008 | -20.00 | -33.33 | $8,637,907.03 | |
| CTO | Citigold Corp Ltd | 0.004 | -20.00 | -20.00 | $12,000,000.00 | |
| AM7 | Arcadia Minerals | 0.031 | -20.51 | -71.82 | $3,628,553.10 | |
| PNX | PNX Metals Limited | 0.003 | -25.00 | 20.00 | $26,865,966.40 | |
| SI6 | SI6 Metals Limited | 0.0015 | -25.00 | -75.00 | $2,368,859.43 | |
| PNT | Panthermetalsltd | 0.022 | -29.03 | -63.33 | $2,702,151.02 | |
| ADN | Andromeda Metals Ltd | 0.01 | -37.50 | -61.54 | $34,212,980.25 | |
| SVL | Silver Mines Limited | 0.0875 | -43.55 | -51.39 | $134,215,226.87 | |
| FAU | First Au Ltd | 0.001 | -50.00 | -60.00 | $1,811,993.28 | |
| GPR | Geopacific Resources | 0.023 | 0% | 0.352941 | $20,976,137 | |
| FXG | Felix Gold Limited | 0.035 | 0% | -0.631579 | $8,688,048 | |
| ILT | Iltani Resources Lim | 0.17 | -11% | -0.105263 | $5,781,786 | |
| BRX | Belararoxlimited | 0.29 | 14% | -0.309524 | $23,864,926 | |
| TM1 | Terra Metals Limited | 0.043 | -7% | 0.535714 | $17,018,484 | |
| TOR | Torque Met | 0.105 | 0% | -0.125 | $19,733,587 | |
| ARD | Argent Minerals | 0.014 | 8% | 0.4 | $20,214,959 |
Top ASX gold stories this week
NickelX was on a heater today, ending 40% higher by end of trade after snapping up the Penny Gold South project from Aurum Resources (ASX:AUE) for $120,000 in cash and scrip, with extras based on achievements.
The project, 550m south of south of Penny West/North, is one of Australia’s highest grade producing mines, now run by Ramelius Resources (ASX:RMS).
Historical drilling at the tenement encountered various significantly anomalous intersections of gold mineralisation, which are currently being compiled and assessed.
While over 1000 holes were completed within the E57/1045, just 3% of these were reverse circulation holes, with rotary air blast and aircore holes making up the bulk.
“The addition of this exciting gold exploration asset next door to one of the highest-grade gold mines in production in Western Australia, and in a district seeing current M&A activity, greatly enhances our existing portfolio,” NKL MD Peter Woods said today.
“Given the minimal deeper drilling and lack of diamond drilling, it is the company’s view there may be substantial value to be unlocked at depth and we are eager to execute a path forward to test the theory as the momentum for gold continues.”
Other ASX small caps made waves this week, too, including Felix Gold (ASX:FXG) on the back of huge, standalone antimony potential at its gold projects in Alaska and thick gold hits from Torque Metals’ Paris project in the WA Goldfields.
Meanwhile 20204’s gold darling Spartan Resources (ASX:SPR) spiced up the potential for resource expansion at its Pepper deposit with a huge 27m thick intersection that averaged 39.15g/t gold.
The explorer (yes… it’s still an explorer) is now a $1.5bn market-capped goldie as it continues to prove up its Never Never and Pepper deposits in WA’s Mid West.
Other notables with news this week include Brightstar Resources (ASX:BTR) lifting confidence in Lord Byron, recent drilling at Corazon Mining (ASX:CZN) May Queen prospect at Mt Gilmore, while mid-tier gold developer De Grey Mining (ASX:DEG) just received a boost from the Federal Government with a $150m loan through the Northern Australia Infrastructure Facility for its world-class +10.5Moz Hemi gold project in WA’s Pilbara.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
