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Gold Digger: Quality small cap stories are still being rewarded by investors
Mining
share
The cooling gold price is reflected in the performance of ASX-listed gold stocks. Of the 177 on our list, 92 will probably end the week in negative territory.
But there’s no need to panic, yet. So far this barely makes a dent in the heady share price gains enjoyed by miners and explorers in recent months.
And when it comes to sentiment, this week’s major winners show that investors are still keen to reward good stories.
Winners & Losers
Here’s how ASX-listed gold stocks performed for the period August 24-28 [intraday]:
Scroll or swipe to reveal table. Click headings to sort. Best viewed on a laptop:
| TICKER | NAME | 1 WEEK RETURN % | 1 YEAR RETURN % | PRICE INTRADAY FRIDAY | MARKET CAP |
|---|---|---|---|---|---|
| SI6 | SIX SIGMA METALS | 75 | 250 | 0.014 | $ 13,585,041.00 |
| MHC | MANHATTAN CORP | 29 | 620 | 0.036 | $ 50,398,592.00 |
| MTH | MITHRIL RESOURCES | 24 | 667 | 0.046 | $ 79,308,856.00 |
| RDS | REDSTONE RESOURCES | 24 | 133 | 0.021 | $ 8,842,210.00 |
| NXM | NEXUS MINERALS | 23 | 85 | 0.087 | $ 10,924,086.00 |
| SBR | SABRE RESOURCES | 20 | 20 | 0.006 | $ 6,253,231.50 |
| TSC | TWENTY SEVEN CO | 20 | 20 | 0.006 | $ 7,431,604.50 |
| DEG | DE GREY MINING | 19 | 1515 | 0.985 | $ 1,057,486,528.00 |
| CEL | CHALLENGER EXPLORATION | 18 | 634 | 0.235 | $ 158,937,536.00 |
| AGS | ALLIANCE RESOURCES | 15 | 75 | 0.23 | $ 37,443,016.00 |
| CLA | CELSIUS RESOURCES | 13 | -11 | 0.017 | $ 12,483,489.00 |
| ARL | ARDEA RESOURCES | 13 | 47 | 0.565 | $ 68,034,256.00 |
| AAR | ANGLO AUSTRALIAN RESOURCES | 13 | 205 | 0.18 | $ 88,906,512.00 |
| KRM | KINGSROSE MINING | 12 | -21 | 0.037 | $ 24,090,242.00 |
| PUA | PEAK MINERALS | 12 | 26 | 0.028 | $ 12,946,149.00 |
| HRN | HORIZON GOLD | 11 | 28 | 0.5 | $ 39,577,260.00 |
| SLZ | SULTAN RESOURCES | 11 | 251 | 0.2 | $ 11,138,807.00 |
| GBZ | GBM RESOURCES | 10 | 475 | 0.16 | $ 51,003,364.00 |
| DGO | DGO GOLD | 10 | 363 | 3.24 | $ 200,605,072.00 |
| BBX | BBX MINERALS | 9 | 24 | 0.235 | $ 95,988,592.00 |
| CGN | CRATER GOLD MINING | 9 | -20 | 0.012 | $ 14,729,950.00 |
| CHN | CHALICE GOLD MINES | 9 | 786 | 1.64 | $ 461,256,704.00 |
| PRX | PRODIGY GOLD | 9 | -38 | 0.074 | $ 43,547,072.00 |
| AWV | ANOVA METALS | 8 | 146 | 0.039 | $ 46,299,108.00 |
| GML | GATEWAY MINING | 8 | 44 | 0.026 | $ 41,323,620.00 |
| NWM | NORWEST MINERALS | 8 | -35 | 0.13 | $ 11,737,625.00 |
| OKR | OKAPI RESOURCES | 8 | 0 | 0.215 | $ 7,749,216.00 |
| GED | GOLDEN DEEPS | 7 | -44 | 0.015 | $ 8,076,610.50 |
| STN | SATURN METALS | 6 | 102 | 0.85 | $ 73,440,488.00 |
| ADV | ARDIDEN | 6 | 386 | 0.017 | $ 35,221,512.00 |
| BYH | BRYAH RESOURCES | 6 | -28 | 0.052 | $ 6,593,692.00 |
| ALY | ALCHEMY RESOURCES | 6 | 32 | 0.018 | $ 11,946,839.00 |
| MGV | MUSGRAVE MINERALS | 4 | 709 | 0.615 | $ 271,654,304.00 |
| SKY | SKY METALS | 4 | 29 | 0.125 | $ 39,637,144.00 |
| CMM | CAPRICORN METALS | 4 | 62 | 1.99 | $ 670,516,864.00 |
| MKR | MANUKA RESOURCES | 4 | 0.58 | $ 152,833,184.00 | |
| AXE | ARCHER MATERIALS | 3 | 296 | 0.475 | $ 107,690,312.00 |
| MAU | MAGNETIC RESOURCES NL | 3 | 298 | 1.67 | $ 341,702,912.00 |
| AQI | ALICANTO MINERALS | 3 | 183 | 0.17 | $ 44,922,180.00 |
| AUC | AUSGOLD | 3 | 122 | 0.04 | $ 52,013,980.00 |
| EMR | EMERALD RESOURCES NL | 2 | 63 | 0.635 | $ 316,583,232.00 |
| MZZ | MATADOR MINING LIMITED | 2 | 69 | 0.44 | $ 68,332,528.00 |
| CY5 | CYGNUS GOLD | 2 | 233 | 0.22 | $ 17,215,238.00 |
| GMN | GOLD MOUNTAIN | 2 | -6 | 0.048 | $ 31,944,134.00 |
| ERM | EMMERSON RESOURCES | 2 | -21 | 0.099 | $ 48,285,388.00 |
| NAG | NAGAMBIE RESOURCES | 2 | -11 | 0.054 | $ 26,996,346.00 |
| G88 | GOLDEN MILE RESOURCES | 2 | -20 | 0.06 | $ 5,350,960.00 |
| SBM | ST BARBARA | 1 | 10 | 3.44 | $ 2,328,694,016.00 |
| RMS | RAMELIUS RESOURCES | 0 | 60 | 2.02 | $ 1,592,383,872.00 |
| ARV | ARTEMIS RESOURCES | 0 | 196 | 0.083 | $ 88,467,464.00 |
| VMC | VENUS METALS CORP | 0 | 0 | 0.23 | $ 35,503,492.00 |
| HXG | HEXAGON ENERGY MATERIALS | 0 | -31 | 0.057 | $ 18,130,870.00 |
| CXU | CAULDRON ENERGY | 0 | 65 | 0.028 | $ 10,536,115.00 |
| NAE | NEW AGE EXPLORATION | 0 | 167 | 0.008 | $ 7,110,243.50 |
| ERX | EXORE RESOURCES | 0 | 40 | 0.105 | $ 60,409,000.00 |
| MAT | MATSA RESOURCES | 0 | -6 | 0.16 | $ 37,466,116.00 |
| DCX | DISCOVEX RESOURCES | 0 | -20 | 0.008 | $ 10,765,477.00 |
| KGM | KALNORTH GOLD MINES | 0 | 30 | 0.013 | $ 11,625,121.00 |
| VAN | VANGO MINING | 0 | -44 | 0.11 | $ 104,327,240.00 |
| SFM | SANTA FE MINERALS | 0 | -22 | 0.072 | $ 5,242,953.00 |
| GSN | GREAT SOUTHERN MINING | 0 | 122 | 0.12 | $ 49,091,492.00 |
| XTC | XANTIPPE RESOURCES | 0 | 50 | 0.003 | $ 14,260,975.00 |
| VKA | VIKING MINES | 0 | -14 | 0.012 | $ 3,764,614.25 |
| MEU | MARMOTA | 0 | 104 | 0.049 | $ 48,401,684.00 |
| DAU | DAMPIER GOLD | 0 | 54 | 0.037 | $ 9,973,619.00 |
| ANL | AMANI GOLD | 0 | -43 | 0.002 | $ 15,676,393.00 |
| MLS | METALS AUSTRALIA | 0 | 0 | 0.0025 | $ 6,414,705.50 |
| ARM | AURORA MINERALS | 0 | 69 | 0.022 | $ 5,153,864.50 |
| MAR | MALACHITE RESOURCES | 0 | -56 | 0.044 | $ 4,587,292.00 |
| AZS | AZURE MINERALS | 0 | 38 | 0.165 | $ 29,630,818.00 |
| OAU | ORA GOLD | 0 | 100 | 0.018 | $ 15,135,214.00 |
| HAW | HAWTHORN RESOURCES | 0 | 184 | 0.145 | $ 46,692,184.00 |
| LNY | LANEWAY RESOURCES | 0 | -11 | 0.008 | $ 30,200,528.00 |
| CDV | CARDINAL RESOURCES | 0 | 55 | 0.72 | $ 378,737,664.00 |
| DHR | DARK HORSE RESOURCES | 0 | -50 | 0.002 | $ 8,072,737.00 |
| STK | STRICKLAND METALS | 0 | 67 | 0.05 | $ 20,420,824.00 |
| MLL | MALI LITHIUM | 0 | 14 | 0.13 | $ 39,668,512.00 |
| MSR | MANAS RESOUCES | 0 | 25 | 0.005 | $ 13,215,812.00 |
| BAR | BARRA RESOURCES | 0 | 37 | 0.026 | $ 15,509,409.00 |
| GSM | GOLDEN STATE MINING | 0 | 275 | 0.3 | $ 17,557,222.00 |
| TRY | TROY RESOURCES | 0 | 4 | 0.12 | $ 79,007,968.00 |
| A1G | AFRICAN GOLD | 0 | -3 | 0.16 | $ 9,573,647.00 |
| SMI | SANTANA MINERALS | 0 | 0 | 0.003 | $ 8,051,836.50 |
| KTA | KRAKATOA RESOURCES | 0 | 264 | 0.08 | $ 18,821,250.00 |
| TBR | TRIBUNE RESOURCES | -1 | 2 | 7.9 | $ 420,269,312.00 |
| BC8 | BLACK CAT SYNDICATE | -1 | 47 | 0.78 | $ 85,824,624.00 |
| GWR | GWR GROUP | -1 | -32 | 0.075 | $ 19,102,216.00 |
| DTM | DART MINING NL | -1 | 112 | 0.205 | $ 14,991,821.00 |
| WMX | WILUNA MINING CORP | -2 | -11 | 1.24 | $ 122,573,480.00 |
| RED | RED 5 | -2 | -16 | 0.28 | $ 538,887,168.00 |
| OKU | OKLO RESOURCES | -2 | 100 | 0.27 | $ 138,479,872.00 |
| ARS | ALT RESOURCES | -2 | 104 | 0.049 | $ 32,631,146.00 |
| PRU | PERSEUS MINING | -2 | 83 | 1.42 | $ 1,613,661,952.00 |
| KZR | KALAMAZOO RESOURCES | -2 | 174 | 0.685 | $ 87,730,760.00 |
| RRL | REGIS RESOURCES | -2 | 9 | 5.42 | $ 2,760,366,080.00 |
| RSG | RESOLUTE MINING | -2 | -34 | 1.11 | $ 1,213,109,632.00 |
| GRL | GODOLPHIN RESOURCES | -2 | 0.21 | $ 13,619,175.00 | |
| AME | ALTO METALS | -2 | 159 | 0.083 | $ 25,593,106.00 |
| KCN | KINGSGATE CONSOLIDATED | -2 | 57 | 0.59 | $ 128,948,784.00 |
| NCM | NEWCREST MINING | -3 | -8 | 32.16 | $ 25,820,514,304.00 |
| CAI | CALIDUS RESOURCES | -3 | 68 | 0.555 | $ 150,596,288.00 |
| ALK | ALKANE RESOURCES | -3 | 184 | 1.08 | $ 619,058,816.00 |
| BCN | BEACON MINERALS | -3 | -22 | 0.035 | $ 103,114,216.00 |
| WGX | WESTGOLD RESOURCES | -3 | -8 | 2.09 | $ 865,674,368.00 |
| TSO | TESORO RESOURCES | -3 | 318 | 0.17 | $ 80,969,968.00 |
| EVN | EVOLUTION MINING | -3 | 14 | 5.6 | $ 9,396,384,768.00 |
| NST | NORTHERN STAR RESOURCES | -3 | 20 | 13.71 | $ 9,889,221,632.00 |
| BRV | BIG RIVER GOLD | -3 | 220 | 0.064 | $ 86,970,064.00 |
| RGL | RIVERSGOLD | -3 | 233 | 0.059 | $ 23,580,886.00 |
| BGL | BELLEVUE GOLD | -3 | 63 | 0.995 | $ 835,697,984.00 |
| SAU | SOUTHERN GOLD | -4 | -21 | 0.135 | $ 16,682,738.00 |
| TIE | TIETTO MINERALS | -4 | 157 | 0.54 | $ 212,639,088.00 |
| NVA | NOVA MINERALS | -4 | -9 | 0.051 | $ 65,805,696.00 |
| MEI | METEORIC RESOURCES | -4 | -9 | 0.05 | $ 61,685,716.00 |
| SLR | SILVER LAKE RESOURCES | -4 | 93 | 2.16 | $ 1,850,459,392.00 |
| SVL | SILVER MINES | -4 | 92 | 0.24 | $ 224,528,976.00 |
| BRB | BREAKER RESOURCES | -4 | -35 | 0.24 | $ 63,793,364.00 |
| TAR | TARUGA MINERALS | -4 | 225 | 0.066 | $ 25,775,300.00 |
| SAR | SARACEN MINERAL HOLDINGS | -4 | 45 | 5.23 | $ 5,648,903,168.00 |
| WWI | WEST WITS MINING | -5 | 163 | 0.021 | $ 24,886,402.00 |
| AUT | AUTECO MINERALS | -5 | 3700 | 0.19 | $ 297,764,000.00 |
| NES | NELSON RESOURCES | -5 | 89 | 0.072 | $ 7,921,348.00 |
| TTM | TITAN MINERALS | -5 | -30 | 0.13 | $ 137,859,024.00 |
| VRC | VOLT RESOURCES | -6 | 32 | 0.017 | $ 34,349,440.00 |
| CHZ | CHESSER RESOURCES | -6 | 146 | 0.17 | $ 59,477,060.00 |
| DCN | DACIAN GOLD | -6 | -53 | 0.335 | $ 183,584,512.00 |
| WAF | WEST AFRICAN RESOURCES | -6 | 100 | 0.92 | $ 775,131,520.00 |
| AOP | APOLLO CONSOLIDATED | -6 | 27 | 0.33 | $ 91,492,504.00 |
| BDC | BARDOC GOLD | -6 | -17 | 0.076 | $ 134,464,768.00 |
| ADN | ANDROMEDA METALS | -6 | -22 | 0.045 | $ 74,263,352.00 |
| PUR | PURSUIT MINERALS | -6 | 67 | 0.015 | $ 7,016,483.50 |
| TMX | TERRAIN MINERALS | -6 | 275 | 0.015 | $ 10,124,254.00 |
| FML | FOCUS MINERALS | -7 | 28 | 0.43 | $ 74,013,168.00 |
| TNR | TORIAN RESOURCES | -7 | 33 | 0.014 | $ 10,239,456.00 |
| GMR | GOLDEN RIM RESOURCES | -7 | -7 | 0.014 | $ 24,951,564.00 |
| CWX | CARAWINE RESOURCES | -7 | 50 | 0.21 | $ 16,226,463.00 |
| GOR | GOLD ROAD RESOURCES | -7 | 18 | 1.59 | $ 1,377,082,240.00 |
| RXL | ROX RESOURCES | -7 | 96 | 0.055 | $ 110,204,736.00 |
| DGR | DGR GLOBAL | -7 | -15 | 0.068 | $ 52,120,480.00 |
| KWR | KINGWEST RESOURCES | -7 | -52 | 0.145 | $ 19,504,860.00 |
| MCT | METALICITY | -7 | 329 | 0.026 | $ 36,685,408.00 |
| TAM | TANAMI GOLD | -7 | 16 | 0.065 | $ 82,256,792.00 |
| HRZ | HORIZON MINERALS | -7 | -13 | 0.13 | $ 66,361,776.00 |
| RML | RESOLUTION MINERALS | -7 | 150 | 0.065 | $ 18,445,072.00 |
| AMG | AUSMEX MINING GROUP | -8 | -48 | 0.049 | $ 26,283,278.00 |
| MOH | MOHO RESOURCES | -8 | 85 | 0.12 | $ 8,961,980.00 |
| AVW | AVIRA RESOURCES | -8 | 132 | 0.006 | $ 9,625,000.00 |
| CTO | CITIGOLD CORP | -8 | 140 | 0.012 | $ 31,214,078.00 |
| AMI | AURELIA METALS | -8 | 0 | 0.515 | $ 436,991,904.00 |
| CYL | CATALYST METALS | -9 | -1 | 2.47 | $ 205,999,248.00 |
| MDI | MIDDLE ISLAND RESOURCES | -10 | 138 | 0.019 | $ 44,981,648.00 |
| MML | MEDUSA MINING | -10 | 12 | 0.895 | $ 185,975,904.00 |
| PDI | PREDICTIVE DISCOVERY | -10 | 373 | 0.07 | $ 57,672,036.00 |
| NUS | NUSANTARA RESOURCES | -11 | 17 | 0.28 | $ 61,647,996.00 |
| PGI | PANTERRA GOLD | -11 | 38 | 0.04 | $ 8,195,949.50 |
| BNR | BULLETIN RESOURCES | -11 | 209 | 0.071 | $ 12,729,808.00 |
| CST | CASTILE RESOURCES | -11 | 0.275 | $ 57,915,936.00 | |
| GBR | GREAT BOULDER RESOURCES | -11 | 3 | 0.047 | $ 8,188,908.50 |
| RND | RAND MINING | -12 | -32 | 2 | $ 120,296,952.00 |
| GNM | GREAT NORTHERN MINERALS | -13 | 5 | 0.021 | $ 17,264,828.00 |
| ONX | ORMINEX | -13 | -68 | 0.042 | $ 24,259,598.00 |
| GUL | GULLEWA | -13 | 235 | 0.087 | $ 16,237,310.00 |
| CDT | CASTLE MINERALS | -14 | 50 | 0.012 | $ 5,838,469.00 |
| MKG | MAKO GOLD | -14 | 56 | 0.12 | $ 20,178,352.00 |
| HMX | HAMMER METALS | -15 | 38 | 0.047 | $ 29,135,498.00 |
| DRE | DREADNOUGHT RESOURCES | -15 | 144 | 0.011 | $ 25,150,170.00 |
| LEX | LEFROY EXPLORATION | -16 | 38 | 0.27 | $ 26,126,554.00 |
| TLM | TALISMAN MINING | -16 | 8 | 0.105 | $ 25,194,832.00 |
| E2M | E2 METALS | -16 | -7 | 0.21 | $ 28,864,040.00 |
| ARN | ALDORO RESOURCES | -17 | -29 | 0.096 | $ 6,474,805.50 |
| SIH | SIHAYO GOLD | -19 | 62 | 0.025 | $ 60,299,760.00 |
| MTC | METALSTECH | -21 | 844 | 0.17 | $ 26,579,204.00 |
| RMX | RED MOUNTAIN MINING | -22 | 40 | 0.007 | $ 8,104,294.00 |
| AAJ | ARUMA RESOURCES | -25 | 20 | 0.006 | $ 6,836,483.50 |
| DTR | DATELINE RESOURCES | -33 | -33 | 0.002 | $ 16,420,156.00 |
| ZNC | ZENITH MINERALS | -12 | 36 | 0.096 | $ 29,400,000.00 |
Small Cap Highlights
Junior explorer Six Sigma Metals (ASX:SI6) is looking to buy a gold project next door to Dacian Gold’s (ASX:DCN) 2.1-million-ounce Mt Morgan operation in WA.
Previous exploration at the Monument gold project (MGP) has highlighted multiple untouched targets, the explorer says.
It also comes with a handy 50,000oz resource.
Mithril has hit high-grade gold and silver in the first two holes of maiden drilling at the Copalquin project in Mexico.
The highlight drill intercept at the La Soledad area was 3m at 34.72 grams per tonne (g/t) gold and 3,129g/t silver, 112m from surface.
Copalquin contains over 32 historic mines and workings. It can be challenging drilling around old workings and relying on historic information, Mithril chief exec John Skeet says.
“These first two holes have given us valuable information not just for gold and silver grades but also the location of old workings and the La Soledad vein itself, which we have continued to intercept with the subsequent six completed holes,” he says.
The potential scale of De Grey’s gold discovery at Hemi continues to surprise.
This week it was a spectacular 19m intercept grading 42g/t gold from the project’s recently discovered ‘Crow’ intrusion.
Managing director Glenn Jardine said the result is “the best to date” at Hemi.
“The significance of the new RC results at Crow goes beyond the results in HERC238,” he says.
“They demonstrate the potential for Crow to significantly add to the overall gold endowment at Hemi and to meaningfully contribute to a potential large-scale, near-surface open pit production scenario.
“The mineralised footprint at Crow is currently approximately 1,000m by 400m and remains open.”
At Stockhead we tell it like it is. While De Grey is a Stockhead advertiser, it did not sponsor this article.
