Growing concerns about inflation could send gold prices soaring back above the US$2,000 ($2,746) an ounce mark it last reached back in 2020.

Prices of the precious metal have already been rising steadily over the past fortnight, up some 3.7% to the current price of about US$1,858/oz.

DailyFX analyst Warren Venketas told Kitco News that he was looking out for inflation expectations outperforming the move in yields and that he was very bullish about gold, which is set up perfectly for a rally.

“There is a very strong case for the year-end gold rally,” Venketas said.

“That second-round impact of the price increases will last into the second half of 2022. Inflation is here to stay for the next six months or so. It is transient but it will be more prolonged than initially forecasted.”

While US Federal Reserve chairman Jerome Powell has maintained that the central bank will take its finger off the trigger on raising interest rates in order to prioritise reaching full employment over fighting inflation, markets often overact to data.

The Federal Reserve is due to hold its December monetary meeting soon with all eyes on the US inflation and employment data.

“Everything is data-dependent,” Venketas added. “Leading up to the December meeting, inflation and employment figures are going to be key.”

MKS PAMP GROUP adds that gold is still a cheap hedge against inflation when compared against cryptocurrencies.
 

Inflation trigger

US data released yesterday showed that the consumer price index had climbed 6.2% in the 12 months to October, the highest yearly jump since the 1990s.

It also rose 0.9% in the month of October alone with Australian economist Saul Eslake telling the ABC that the rise was higher than market expectations.

“Whether it’s putting gas, as they call it, into their cars. Or the cost of living in the homes which they either own or rent. The cost of health insurance and medical care. The cost of buying used cars, in particular,” he added.

This is thanks largely to rising energy prices caused by the crisis in Europe and Asia with the energy index – which includes petrol, gas and electricity – rising 30% over the same period, the highest increase since 2005.

Energy costs have also driven Australia’s inflation rate up.
 

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 [intraday Friday] MARKET CAP
CDT Castle Minerals 58 114 150 131 0.03 $ 25,500,994.88
CHN Chalice Mining Ltd 43 56 29 206 9.765 $ 3,532,911,181.80
SPQ Superior Resources 38 83 100 22 0.022 $ 33,062,765.45
TG1 Techgen Metals Ltd 28 22 -4 0.25 $ 9,439,552.33
NXM Nexus Minerals Ltd 28 18 438 203 0.5 $ 123,325,835.50
CDR Codrus Minerals Ltd 26 6 0.17 $ 6,400,000.00
MLS Metals Australia 25 25 25 25 0.0025 $ 15,715,672.08
LRL Labyrinth Resources 24 38 -16 96 0.047 $ 36,521,570.36
KSN Kingston Resources 23 29 7 -11 0.245 $ 67,246,320.90
IVR Investigator Res Ltd 22 41 -9 41 0.083 $ 105,915,728.56
BRV Big River Gold Ltd 22 8 -23 -38 0.28 $ 61,443,886.56
CEL Challenger Exp Ltd 21 27 8 71 0.35 $ 331,302,944.50
GOR Gold Road Res Ltd 21 19 18 17 1.61 $ 1,362,381,063.35
MKG Mako Gold 20 10 12 20 0.115 $ 42,046,576.22
NST Northern Star 20 16 -1 -25 10.8 $ 12,379,817,045.37
SBM St Barbara Limited 19 13 -17 -39 1.655 $ 1,167,171,995.61
KAI Kairos Minerals Ltd 19 23 23 -14 0.037 $ 62,043,815.41
DLC Delecta Limited 19 73 217 217 0.019 $ 20,483,447.99
EVN Evolution Mining Ltd 19 14 -17 -26 4.21 $ 7,606,697,862.60
CHZ Chesser Resources 19 33 14 -37 0.16 $ 74,479,380.00
AUT Auteco Minerals 18 9 -9 -28 0.0825 $ 133,366,135.94
PAK Pacific American Hld 18 11 -3 -11 0.02 $ 9,601,107.49
KAU Kaiser Reef 18 -2 -15 -42 0.235 $ 27,544,660.65
DEX Duke Exploration 17 -2 -47 -35 0.205 $ 18,493,286.16
AVW Avira Resources Ltd 17 17 -7 -22 0.007 $ 11,172,135.00
BAT Battery Minerals Ltd 17 -3 -30 -50 0.014 $ 27,341,632.93
AGG AngloGold Ashanti 17 17 0 -16 5.61 $ 481,721,931.00
DCN Dacian Gold Ltd 16 19 -28 -30 0.25 $ 241,857,501.00
REZ Resourc & En Grp Ltd 16 41 57 -16 0.058 $ 28,988,735.76
KWR Kingwest Resources 16 4 63 -24 0.145 $ 33,825,473.50
SVL Silver Mines Limited 16 28 -4 16 0.255 $ 316,498,875.04
BGL Bellevue Gold Ltd 16 13 9 -30 0.985 $ 977,058,162.63
MRR Minrex Resources Ltd 16 22 -4 -12 0.022 $ 12,272,128.16
DEG De Grey Mining 16 -3 -12 11 1.25 $ 1,750,997,288.63
RSG Resolute Mining 16 6 -15 -43 0.4625 $ 502,271,181.23
STN Saturn Metals 15 35 35 -25 0.565 $ 63,064,125.60
RRL Regis Resources 15 1 -17 -44 2.185 $ 1,615,222,155.12
SSR SSR Mining Inc. 15 26 24 4 26.7 $ 511,837,900.00
BGD Bartongoldholdings 15 18 0.195 $ 16,738,799.22
BEZ Besragoldinc 14 -9 0.16 $ 27,495,993.60
AUC Ausgold Limited 14 17 12 -17 0.048 $ 72,926,078.89
BNR Bulletin Res Ltd 14 21 20 5 0.08 $ 18,940,145.54
IPT Impact Minerals 14 7 0 -20 0.016 $ 28,333,128.87
KRM Kingsrose Mining Ltd 14 35 26 97 0.073 $ 54,750,551.40
RED Red 5 Limited 14 8 46 10 0.285 $ 659,780,982.56
FML Focus Minerals Ltd 14 18 -3 -22 0.29 $ 52,083,341.03
HXG Hexagon Energy 14 62 25 155 0.125 $ 51,291,590.11
FG1 Flynngold 13 6 0.17 $ 11,418,489.00
MTH Mithril Resources 13 17 6 -39 0.017 $ 43,863,961.70
WAF West African Res Ltd 13 11 44 39 1.415 $ 1,364,781,926.51
AMI Aurelia Metals Ltd 13 39 2 -15 0.4225 $ 512,728,871.24
PRU Perseus Mining Ltd 13 19 44 45 1.78 $ 2,110,387,660.40
SKY SKY Metals Ltd 13 -5 -42 -59 0.09 $ 35,794,429.65
SIH Sihayo Gold Limited 13 -10 -36 -61 0.009 $ 33,169,152.72
SLR Silver Lake Resource 12 20 -2 -6 1.865 $ 1,615,848,234.73
DTR Dateline Resources 12 1 -9 82 0.091 $ 39,851,789.71
WGX Westgold Resources. 12 15 3 -16 2.125 $ 902,051,871.92
HRZ Horizon 12 22 22 22 0.14 $ 75,256,714.00
PDI Predictive Disc Ltd 12 0 167 267 0.235 $ 327,375,026.88
PNR Pantoro Limited 12 14 17 12 0.24 $ 331,114,694.03
KCC Kincora Copper 12 -6 -56 0.145 $ 10,643,524.76
CMM Capricorn Metals 11 28 56 70 3.005 $ 1,081,291,864.36
MZZ Matador Mining Ltd 11 4 -4 -1 0.395 $ 81,534,318.86
AME Alto Metals Limited 11 13 0 -4 0.11 $ 45,025,973.60
S2R S2 Resources 11 122 18 -22 0.2 $ 71,274,971.00
AYM Australia United Min 11 25 11 25 0.01 $ 16,583,197.37
POL Polymetals Resources 11 3 0.15 $ 5,902,655.25
LCL Los Cerros Limited 11 15 -19 -9 0.15 $ 95,421,203.25
BC8 Black Cat Syndicate 11 16 -19 -17 0.61 $ 85,892,764.71
MKR Manuka Resources. 10 17 0 -11 0.385 $ 39,074,059.26
DRE Drednought Resources 10 13 100 76 0.044 $ 124,601,933.37
LNY Laneway Res Ltd 10 10 10 -21 0.0055 $ 19,520,329.67
RMS Ramelius Resources 10 19 -1 -7 1.7775 $ 1,434,935,697.23
FFX Firefinch Ltd 10 10 92 331 0.69 $ 666,208,940.21
PGD Peregrine Gold 9 5 14 0.405 $ 13,607,511.98
BYH Bryah Resources Ltd 9 11 -25 -10 0.06 $ 13,120,016.15
CST Castile Resources 9 4 -4 -20 0.24 $ 44,934,777.23
NSM Northstaw 9 0 -2 -32 0.31 $ 12,439,370.00
ALY Alchemy Resource Ltd 8 2 -22 -30 0.013 $ 10,923,956.10
MML Medusa Mining Ltd 8 6 -2 0 0.79 $ 163,180,541.29
G50 Gold50Limited 8 31 0.265 $ 13,585,860.27
OBM Ora Banda Mining Ltd 8 -24 -59 -76 0.08 $ 77,937,960.40
AZS Azure Minerals 8 33 36 -29 0.4 $ 123,894,288.40
CLA Celsius Resource Ltd 8 8 -41 -16 0.027 $ 27,227,930.11
RXL Rox Resources 8 7 -23 -50 0.405 $ 59,102,855.25
TIE Tietto Minerals 8 -4 40 7 0.4425 $ 201,474,657.86
CWX Carawine Resources 8 17 -28 -33 0.21 $ 22,866,879.42
ADV Ardiden Ltd 8 27 27 -50 0.014 $ 27,993,359.63
ALK Alkane Resources Ltd 8 1 10 -14 0.925 $ 559,848,414.80
BMR Ballymore Resources 8 -16 0 0 0.215 $ 15,725,177.82
AAR Anglo Australian 7 5 -10 -39 0.089 $ 53,059,952.27
CAI Calidus Resources 7 3 55 4 0.62 $ 247,955,575.14
TAR Taruga Minerals 7 0 -47 -13 0.048 $ 24,066,820.28
RDT Red Dirt Metals Ltd 7 12 379 196 0.815 $ 119,444,445.99
SVY Stavely Minerals Ltd 7 15 -27 -45 0.49 $ 125,261,496.96
NCM Newcrest Mining 6 7 -8 -12 25.67 $ 21,037,884,158.12
TMX Terrain Minerals 6 13 -10 -31 0.009 $ 6,621,849.08
MEI Meteoric Resources 6 -24 -66 -67 0.019 $ 27,783,539.24
M2R Miramar 5 0 -3 -47 0.195 $ 9,963,004.00
WWI West Wits Mining Ltd 5 -5 -51 -49 0.04 $ 60,894,785.00
GMRDD Golden Rim Resources 5 5 -32 -43 0.1025 $ 21,968,997.90
ANX Anax Metals Ltd 5 12 7 163 0.105 $ 35,018,389.00
BCN Beacon Minerals 5 -2 -4 -3 0.0325 $ 118,511,579.74
GWR GWR Group Ltd 5 -24 -66 -38 0.11 $ 31,792,576.52
ZAG Zuleika Gold Ltd 5 10 -44 -66 0.022 $ 8,611,960.83
GSM Golden State Mining 5 -12 -8 -54 0.11 $ 9,139,678.35
BNZ Benzmining 5 2 -14 0.685 $ 34,312,641.66
EMR Emerald Res NL 5 0 4 70 1.03 $ 533,436,109.25
PKO Peako Limited 5 5 -38 -23 0.023 $ 7,402,898.42
KCN Kingsgate Consolid. 4 -16 70 93 1.44 $ 303,209,020.61
KZR Kalamazoo Resources 4 11 -18 -41 0.365 $ 47,107,001.90
E2M E2 Metals 4 -4 -28 -72 0.245 $ 36,865,447.19
TMZ Thomson Res Ltd 4 -11 -38 -1 0.075 $ 41,484,402.60
G88 Golden Mile Res Ltd 4 8 -37 -13 0.052 $ 8,892,953.06
MGV Musgrave Minerals 4 21 11 -14 0.4 $ 209,497,450.11
HAW Hawthorn Resources 4 -7 10 -50 0.055 $ 18,343,358.72
TSO Tesoro Resources Ltd 4 -13 -54 -75 0.085 $ 46,920,584.80
AQI Alicanto Min Ltd 4 21 12 0 0.145 $ 47,685,781.85
WMC Wiluna Mining Corp 3 4 7 -44 1.045 $ 166,230,692.25
TRM Truscott Mining Corp 3 3 20 25 0.03 $ 4,406,304.78
A8G Australasian Gold 3 43 0.65 $ 25,264,968.63
CYL Catalyst Metals 3 3 2 -20 2.03 $ 201,506,232.15
PRX Prodigy Gold NL 3 -8 -31 -26 0.034 $ 19,809,338.60
ADN Andromeda Metals Ltd 3 3 3 3 0.18 $ 418,463,847.82
PUR Pursuit Minerals 3 0 -37 157 0.036 $ 32,795,487.06
DGO DGO Gold Limited 2 0 -16 -8 3 $ 243,331,259.16
EM2 Eagle Mountain 2 -9 -38 75 0.655 $ 150,522,320.52
YRL Yandal Resources 2 -1 -29 -23 0.445 $ 45,295,720.08
MRZ Mont Royal Resources 2 17 30 53 0.45 $ 17,044,521.75
ADT Adriatic Metals 2 -13 13 14 2.77 $ 637,657,740.22
ARL Ardea Resources Ltd 2 13 6 0 0.47 $ 64,185,911.84
ARN Aldoro Resources 2 30 70 259 0.52 $ 45,584,498.34
PF1 Pathfinder Resources 2 -5 30 50 0.285 $ 14,873,882.80
TBR Tribune Res Ltd 1 -4 -10 -31 4.77 $ 250,272,727.29
AAU Antilles Gold Ltd 1 -4 22 38 0.079 $ 24,320,396.88
BRB Breaker Res NL 1 47 119 113 0.405 $ 123,819,553.02
NML Navarre Minerals Ltd 1 8 -30 -66 0.0905 $ 63,515,465.74
NPM Newpeak Metals 0 -50 -50 -67 0.001 $ 7,370,101.77
MBK Metal Bank Ltd 0 -7 -16 -30 0.008 $ 9,512,546.43
AGC AGC Ltd 0 -12 -21 0.11 $ 7,450,001.24
AGC AGC Ltd 0 -12 -21 0.11 $ 7,450,001.24
GSN Great Southern 0 -8 35 -15 0.07 $ 35,399,029.40
AWJ Auric Mining 0 -15 -28 0.115 $ 6,447,976.06
ASO Aston Minerals Ltd 0 -4 -17 145 0.12 $ 109,732,704.34
SRN Surefire Rescs NL 0 -21 -50 -66 0.011 $ 12,147,414.50
HMX Hammer Metals Ltd 0 -23 -45 19 0.051 $ 40,674,731.15
MM8 Medallion Metals. 0 -2 -20 0.205 $ 16,598,867.63
AL8 Alderan Resource Ltd 0 0 -41 -60 0.04 $ 16,597,077.12
WCN White Cliff Min Ltd 0 8 -24 -61 0.013 $ 6,723,553.19
CTO Citigold Corp Ltd 0 -9 -17 -23 0.01 $ 28,336,590.91
MOH Moho Resources 0 -2 -22 -46 0.059 $ 7,420,748.72
FFR Firefly Resources 0 28 9 -34 0.12 $ 41,108,742.96
RND Rand Mining Ltd 0 -10 -2 -41 1.4 $ 79,626,345.40
LEX Lefroy Exploration 0 1 -50 72 0.395 $ 48,089,866.80
ICG Inca Minerals Ltd 0 0 8 150 0.13 $ 62,522,839.21
RDN Raiden Resources Ltd 0 -4 0 -24 0.025 $ 33,007,855.30
MHC Manhattan Corp Ltd 0 0 -21 -54 0.011 $ 16,789,065.62
TRY Troy Resources Ltd 0 0 -44 -66 0.037 $ 30,073,993.35
KGM Kalnorth Gold Ltd 0 0 0 0 0.013 $ 11,625,120.78
CGN Crater Gold Min Ltd 0 0 -6 55 0.017 $ 20,867,429.74
SI6 SI6 Metals Limited 0 0 5 15 0.0115 $ 15,709,583.84
GNM Great Northern 0 0 -11 -50 0.008 $ 9,672,407.81
GML Gateway Mining 0 0 -35 -6 0.017 $ 38,089,182.91
TSC Twenty Seven Co. Ltd 0 0 0 -17 0.005 $ 11,973,662.57
GUL Gullewa Limited 0 0 -1 -23 0.085 $ 16,181,713.50
TLM Talisman Mining 0 -3 -32 17 0.14 $ 26,283,529.58
VRC Volt Resources Ltd 0 0 8 211 0.028 $ 74,137,760.34
AOP Apollo Consolidated 0 55 106 103 0.65 $ 186,637,177.60
AAJ Aruma Resources Ltd 0 8 30 -4 0.086 $ 10,580,766.25
VMC Venus Metals Cor Ltd 0 -5 6 -25 0.18 $ 26,438,769.53
SAU Southern Gold 0 3 -24 -46 0.065 $ 13,866,369.14
TCG Turaco Gold Limited 0 20 114 150 0.15 $ 54,234,667.36
GED Golden Deeps 0 9 0 -14 0.012 $ 9,310,217.28
KTA Krakatoa Resources 0 -10 0 -14 0.06 $ 17,387,885.10
NMR Native Mineral Res 0 8 -34 0.22 $ 6,338,970.00
MVL Marvel Gold Limited 0 6 30 13 0.069 $ 38,209,565.33
DDD 3D Resources Limited 0 0 0 -19 0.004 $ 15,521,488.37
CBY Canterbury Resources 0 11 16 -4 0.11 $ 13,221,838.30
RMX Red Mount Min Ltd 0 22 22 -21 0.011 $ 16,109,041.32
XTC Xantippe Res Ltd 0 67 150 150 0.005 $ 28,026,380.26
MAU Magnetic Resources -1 3 12 39 1.59 $ 346,895,849.10
ZNC Zenith Minerals Ltd -1 8 -17 55 0.2325 $ 76,093,976.43
ERM Emmerson Resources -1 20 10 -3 0.077 $ 37,866,125.16
BTR Brightstar Resources -2 31 57 10 0.055 $ 28,967,865.03
AM7 Arcadia Minerals -2 31 0.255 $ 8,892,000.00
GBZ GBM Rsources Ltd -2 6 11 -25 0.1275 $ 63,351,163.38
ARV Artemis Resources -2 -2 -3 -36 0.093 $ 117,969,779.19
CAZ Cazaly Resources -2 -2 -15 2 0.045 $ 16,630,347.02
MEU Marmota Limited -2 2 5 2 0.045 $ 43,674,016.05
RVR Red River Resources -2 14 -2 -15 0.205 $ 103,692,897.60
LM8 Lunnonmetalslimited -3 -4 0.37 $ 29,108,059.28
TAM Tanami Gold NL -3 0 -16 -3 0.073 $ 85,782,084.36
TBA Tombola Gold Ltd -3 -15 -24 -19 0.034 $ 24,674,627.90
CY5 Cygnus Gold Limited -3 23 10 -16 0.16 $ 17,347,215.68
BDC Bardoc Gold Ltd -3 19 -10 -16 0.064 $ 109,368,464.69
MAT Matsa Resources -3 0 -21 -52 0.062 $ 21,489,277.20
MDI Middle Island Res -3 -2 -29 -71 0.092 $ 11,262,476.42
GIB Gibb River Diamonds -3 18 40 -39 0.091 $ 17,978,302.83
SFM Santa Fe Minerals -3 5 -8 -19 0.089 $ 6,480,872.22
OZM Ozaurum Resources -3 -3 12 0.145 $ 8,582,400.00
NVA Nova Minerals Ltd -3 -26 -3 -24 0.14 $ 252,285,257.98
OKU Oklo Resources Ltd -4 17 4 -46 0.135 $ 68,044,024.62
XAM Xanadu Mines Ltd -4 -7 -59 -37 0.026 $ 32,734,981.50
NAG Nagambie Resources -4 7 4 56 0.078 $ 39,994,587.68
GSR Greenstone Resources -4 9 4 -29 0.025 $ 20,101,967.23
QML Qmines Limited -4 -5 32 0.37 $ 20,916,397.04
SMI Santana Minerals Ltd -4 30 78 14 0.24 $ 31,169,762.68
HCH Hot Chili Ltd -4 18 25 -8 0.045 $ 188,182,208.40
RGL Riversgold -4 -8 -52 -52 0.022 $ 8,888,928.31
NAE New Age Exploration -4 0 -42 -21 0.011 $ 15,794,888.01
A1G African Gold Ltd. -4 0 0 60 0.215 $ 24,634,195.74
VKA Viking Mines Ltd -5 17 -30 35 0.021 $ 20,935,797.84
AWV Anova Metals Ltd -5 -9 -5 -33 0.02 $ 30,094,978.20
TTM Titan Minerals -5 -9 -9 -9 0.1 $ 139,131,349.80
GTR Gti Resources -5 13 38 77 0.0295 $ 32,734,655.61
PRS Prospech Limited -5 10 -45 0 0.077 $ 5,018,937.39
WRM White Rock Min Ltd -5 2 -35 -43 0.285 $ 41,315,073.88
GMN Gold Mountain Ltd -5 0 -50 -54 0.019 $ 20,332,834.23
SMS Starmineralslimited -5 0.185 $ 4,725,000.00
ENR Encounter Resources -5 -5 36 -3 0.185 $ 57,016,174.14
NES Nelson Resources. -5 -10 -57 -46 0.037 $ 7,383,103.41
RML Resolution Minerals -5 -14 -33 -60 0.018 $ 11,142,411.07
SLZ Sultan Resources Ltd -6 -11 -37 -31 0.17 $ 11,473,174.19
PUA Peak Minerals Ltd -6 13 -23 -26 0.017 $ 16,025,447.16
MTC Metalstech Ltd -6 -30 236 171 0.325 $ 52,499,345.85
THR Thor Mining PLC -6 -6 14 -27 0.016 $ 9,977,798.16
GBR Greatbould Resources -6 -19 43 220 0.15 $ 50,013,013.26
TRN Torrens Mining -6 -3 3 0.15 $ 10,449,740.70
OKR Okapi Resources -6 4 145 158 0.515 $ 54,799,995.74
NWM Norwest Minerals -6 -12 -34 -31 0.072 $ 13,364,938.35
LCY Legacy Iron Ore -7 0 -7 75 0.014 $ 89,666,339.24
GRL Godolphin Resources -7 -15 -22 -53 0.14 $ 12,196,134.30
BMO Bastion Minerals -7 4 42 0.27 $ 19,387,150.20
MEG Megado -7 0 -44 -54 0.092 $ 3,960,489.42
PNX PNX Metals Limited -7 0 -13 -41 0.0065 $ 25,565,354.58
EMU EMU NL -7 -4 -50 -58 0.025 $ 11,662,862.10
CXU Cauldron Energy Ltd -7 -17 -38 -42 0.025 $ 11,791,047.12
TNR Torian Resources Ltd -7 -11 -58 -22 0.025 $ 26,107,334.69
OAU Ora Gold Limited -8 -13 -38 -43 0.014 $ 11,789,333.11
AZL Arizona Lithium Ltd -8 186 233 900 0.12 $ 233,214,759.24
ICL Iceni Gold -8 -22 18 0.235 $ 28,747,198.32
IDA Indiana Resources -8 5 -34 -3 0.058 $ 25,197,923.68
AXE Archer Materials -8 6 112 205 1.555 $ 383,574,170.85
FAU First Au Ltd -8 -21 -42 -63 0.011 $ 8,451,145.34
AQX Alice Queen Ltd -8 10 -39 -63 0.011 $ 16,442,676.12
PNM Pacific Nickel Mines -9 16 109 78 0.096 $ 24,257,360.06
M24 Mamba Exploration -9 0 -2 0.21 $ 7,770,000.00
DTM Dart Mining NL -9 -20 -29 -46 0.1 $ 12,449,093.00
SNG Siren Gold -9 17 40 -22 0.35 $ 25,326,472.85
VAN Vango Mining Ltd -9 -2 -15 -24 0.06 $ 75,596,257.92
SBR Sabre Resources -9 11 0 -44 0.005 $ 8,446,568.25
HRN Horizon Gold Ltd -9 11 8 4 0.4 $ 42,676,806.40
DCX Discovex Res Ltd -9 0 -17 -17 0.005 $ 14,127,652.42
MCT Metalicity Limited -11 -20 -33 -58 0.008 $ 19,293,943.79
BBX BBX Minerals Ltd -11 -23 -47 -54 0.155 $ 70,993,328.63
AGS Alliance Resources -13 10 6 -24 0.165 $ 34,322,827.11
HMG Hamelingoldlimited -15 0.17 $ 19,250,000.00
ANL Amani Gold Ltd -17 -17 67 150 0.0025 $ 36,851,128.21
RDS Redstone Resources -18 17 17 0 0.014 $ 10,784,985.95
KNB Koonenberrygold -18 4 0.14 $ 10,296,771.52
STK Strickland Metals -20 -4 169 -22 0.07 $ 78,799,641.05

 

Weekly Small Cap Standouts

Nexus Minerals (ASX:NXM) +28%

Shares in Nexus climbed this week after striking visible and high-grade gold at the Templar prospect within its Wallbrook gold project in Western Australia.

Not only do the results suggest a link between the Templar and the Crusader prospects some 1.2km apart, comparisons have also been made to Northern Star’s (ASX:NST) nearby multi-million-ounce Carosue Dam gold operations.

Labyrinth Resources (ASX:LRL) +24%

Rock chip sampling proved to be a winner for the company after a 4.45kg sample returned a eyebrow-raising assay of 33.2g/t gold and 21.1g/t silver.

While this is still early stage exploration, the sample is an indication that its Denain gold project in Quebec, Canada, is a potential host for high-grade mineralisation.

Chesser Resources (ASX:CHZ) +19%

Final metallurgical work from Area D of the company’s Diamba Sud gold project in Senegal has returned strong average recovery of 96% using direct cyanide leaching.

The high recoveries from the full testwork program show that the gold is likely to be recoverable via a simple cyanide leach process flow sheet, with no indications of refractory gold.

A maiden resource over Area A and D are expected to be released this month.