Gold Digger: Seek and ye shall find
Mining
Unearthing a discovery of biblical proportions — like Hemi, Julimar, Boda, Haverion, Winu, or Oak Dam — often takes years of persistent, unsexy exploration work.
After many moons of underinvestment in the sector, figures released earlier this month show that ‘Programme of Work’ applications from WA explorers have hit a five-year high.
It’s not just WA, either. Exploration more generally is booming.
The gold industry is responsible for a huge chunk of the capital raised in 2020, as investors ride the wave of strong prices and positive sentiment into IPOs and cap raises; both often oversubscribed.
We’ve seen some doozy raises this month alone, led by De Grey’s (ASX:DEG) monster $100m at a 1 per cent premium to the 10-day volume weighted average price. Crazy.
And despite sentiment (and prices) softening this week, gold explorers like Norwest Minerals (ASX:NWM), takeover target Alto Metals (ASX:AME), and minnow Red Mountain Mining (ASX:RMX) have still been able to lock in cash to fund their upcoming (hopefully company making) exploration programs.
Here’s how 187 ASX-listed gold stocks performed September 21 – September 25 [intraday].
Scroll or swipe to reveal table. Click headings to sort. Best viewed on a laptop:
CODE | NAME | 1 WEEK CHANGE % | 1 YEAR CHANGE % | SHARE PRICE [INTRADAY FRI] | MARKET CAP |
---|---|---|---|---|---|
SMI | Santana Minerals | 75 | 17 | 0.0035 | $ 6,105,673.46 |
ADN | Andromeda Metals | 58 | 93 | 0.145 | $ 203,386,833.00 |
CHN | Chalice Gold Mines | 54 | 1000 | 2.42 | $ 756,460,996.20 |
MRZ | Mont Royal Resources | 42 | 49 | 0.355 | $ 13,190,000.00 |
NVA | Nova Minerals | 35 | 161 | 0.115 | $ 159,073,809.62 |
TSO | Tesoro Resources | 33 | 687 | 0.32 | $ 119,933,788.64 |
DRE | Dreadnought Resources | 32 | 213 | 0.025 | $ 48,204,491.14 |
ARV | Artemis Resources | 31 | 175 | 0.11 | $ 123,182,547.07 |
CBY | Canterbury Resources | 29 | -45 | 0.135 | $ 12,602,190.99 |
NAG | Nagambie Resources | 28 | 16 | 0.064 | $ 29,995,940.76 |
ENR | Encounter Resources | 27 | 46 | 0.19 | $ 53,360,000.00 |
BBX | BBX Minerals | 25 | 156 | 0.5 | $ 197,593,495.71 |
VKA | Viking Mines | 21 | 55 | 0.017 | $ 4,705,767.84 |
FAU | First AU | 19 | 36 | 0.019 | $ 7,880,000.00 |
CGN | Crater Gold Mines | 18 | -19 | 0.013 | $ 15,957,446.27 |
KTA | Krakatoa Resources | 17 | 400 | 0.115 | $ 28,859,250.00 |
A1G | African Gold | 17 | -13 | 0.17 | $ 5,336,562.48 |
ALY | Alchemy Resources | 17 | 53 | 0.021 | $ 13,444,869.06 |
TSC | Twenty Seven Co. | 14 | 78 | 0.008 | $ 11,104,246.15 |
GUL | Gullewa Limited | 13 | 265 | 0.095 | $ 15,004,594.50 |
TTM | Titan Minerals | 12 | -24 | 0.14 | $ 148,887,754.29 |
WMX | Wiluna Mining | 12 | 83 | 2.01 | $ 201,944,836.68 |
BAR | Barra Resources | 10 | 5 | 0.023 | $ 14,841,378.22 |
CEL | Challenger Exploration | 10 | 490 | 0.23 | $ 117,832,461.40 |
WWI | West Wits Mining | 9 | 483 | 0.035 | $ 40,292,269.67 |
CDT | Castle Minerals | 9 | 20 | 0.012 | $ 5,838,469.09 |
NAE | New Age Exploration | 9 | 200 | 0.012 | $ 10,665,364.92 |
SBR | Sabre Resources | 9 | 200 | 0.012 | $ 15,007,755.10 |
MAR | Malachite Resources | 8 | -58 | 0.042 | $ 5,234,178.60 |
E2M | E2 Metals | 8 | 8 | 0.215 | $ 27,552,039.06 |
BYH | Bryah Resources | 7 | -20 | 0.059 | $ 7,384,935.04 |
GMR | Golden Rim Resources | 7 | 10 | 0.016 | $ 26,759,023.37 |
AVW | Avira Resources | 6 | 325 | 0.0085 | $ 9,625,000.00 |
GWR | GWR Group | 5 | 105 | 0.205 | $ 48,392,281.61 |
G88 | Golden Mile Resources | 5 | -20 | 0.065 | $ 7,469,047.98 |
SIH | Sihayo Gold | 5 | 34 | 0.022 | $ 57,246,606.54 |
NWM | Norwest Minerals | 4 | -40 | 0.12 | $ 6,780,521.79 |
AL8 | Alderan Resources | 4 | 179 | 0.12 | $ 31,420,000.00 |
NXM | Nexus Minerals | 4 | 72 | 0.079 | $ 14,888,078.67 |
FML | Focus Minerals | 4 | 38 | 0.415 | $ 76,754,397.30 |
HAW | Hawthorn Resources | 4 | 159 | 0.14 | $ 43,357,029.69 |
PUA | Peak Minerals | 4 | 41 | 0.028 | $ 13,408,550.81 |
HXG | Hexagon Energy | 3 | 2 | 0.06 | $ 16,668,703.63 |
FFR | Firefly Resources | 3 | 161 | 0.17 | $ 42,865,272.78 |
NES | Nelson Resources | 3 | 40 | 0.07 | $ 8,265,754.22 |
KRM | Kingsrose Mining | 3 | 16 | 0.037 | $ 27,010,272.02 |
HMX | Hammer Metals | 3 | 22 | 0.039 | $ 26,210,079.91 |
AXE | Archer Materials | 2 | 307 | 0.55 | $ 119,067,056.19 |
CAI | Calidus Resources | 2 | 109 | 0.585 | $ 153,433,497.75 |
STK | Strickland Metals | 2 | 148 | 0.062 | $ 25,086,091.26 |
CDV | Cardinal Resources | 1 | 121 | 1.06 | $ 565,834,970.73 |
ARN | Aldoro Resources | 0 | -35 | 0.1 | $ 6,372,557.09 |
ANL | Amani Gold | 0 | -50 | 0.02 | $ 15,676,393.49 |
AAJ | Aruma Resources | 0 | 80 | 0.009 | $ 9,115,311.22 |
CST | Castile Resources | 0 | 0 | 0.325 | $ 64,905,789.33 |
CHZ | Chesser Resources | 0 | 203 | 0.2 | $ 79,354,735.79 |
DTR | Dateline Resources | 0 | 50 | 0.003 | $ 20,525,195.19 |
DCX | Discovex Resources | 0 | -20 | 0.008 | $ 8,373,148.53 |
ERX | Exore Resources | 0 | 14 | 0.12 | $ 73,124,732.64 |
GML | Gateway Mining | 0 | 0 | 0.021 | $ 38,042,320.72 |
GBR | Great Boulder Resources | 0 | 24 | 0.049 | $ 9,026,868.96 |
KGM | Kalnorth Gold | 0 | 160 | 0.013 | $ 11,625,120.78 |
MLL | Mali Lithium | 0 | 96 | 0.155 | $ 54,795,371.85 |
MKR | Manuka Resources | 0 | 0 | 0.48 | $ 33,332,695.72 |
MOH | Moho Resources | 0 | 33 | 0.11 | $ 7,300,818.74 |
OAU | Ora Gold | 0 | 9 | 0.024 | $ 20,180,285.33 |
PGI | Panterra Gold | 0 | 60 | 0.04 | $ 7,415,382.66 |
RMX | Red Mount Mining | 0 | 14 | 0.008 | $ 8,104,294.20 |
SKY | SKY Metals | 0 | 86 | 0.13 | $ 32,064,477.64 |
TMX | Terrain Minerals | 0 | 300 | 0.016 | $ 11,570,576.14 |
TNR | Torian Resources | 0 | 30 | 0.02 | $ 14,627,794.22 |
ZNC | Zenith Minerals | 0 | 81 | 0.11 | $ 32,379,603.30 |
ALK | Alkane Resources | -1 | 75 | 1.38 | $ 821,636,544.00 |
SSR | SSR Mining | -1 | -14 | 26.38 | $ 417,400,000.00 |
AME | Alto Metals | -1 | 95 | 0.084 | $ 24,700,322.50 |
MAU | Magnetic Resources | -2 | 135 | 1.18 | $ 239,839,228.47 |
MHC | Manhattan Corp | -2 | 840 | 0.047 | $ 61,008,819.88 |
MEI | Meteoric Resources | -2 | -23 | 0.046 | $ 55,809,645.57 |
SLZ | Sultan Resources | -2 | 215 | 0.205 | $ 12,018,186.50 |
CYL | Catalyst Metals | -2 | -6 | 2.42 | $ 201,055,263.12 |
BC8 | Black Cat Syndicate | -3 | 65 | 0.775 | $ 82,715,750.25 |
AUC | Ausgold | -3 | 90 | 0.038 | $ 46,812,583.48 |
BCN | Beacon Minerals | -3 | -14 | 0.038 | $ 105,979,497.49 |
BNR | Bulletin Resources | -3 | 139 | 0.067 | $ 11,654,049.81 |
AOP | Apollo Consolidated | -3 | 35 | 0.325 | $ 87,456,066.75 |
BRV | Big River Gold | -3 | 216 | 0.06 | $ 78,994,976.28 |
WGX | Westgold Resources | -3 | -3 | 2.36 | $ 962,327,318.30 |
GBZ | GBM Resources | -3 | 421 | 0.145 | $ 44,451,613.49 |
SAR | Saracen Mineral Holdings | -3 | 43 | 5.02 | $ 5,504,911,756.40 |
RML | Resolution Minerals | -4 | 46 | 0.054 | $ 14,253,010.34 |
MAT | Matsa Resources | -4 | -21 | 0.13 | $ 35,249,072.17 |
HRZ | Horizon | -4 | 4 | 0.125 | $ 61,257,024.00 |
MCT | Metalicity | -4 | 362 | 0.024 | $ 34,579,785.00 |
GSN | Great Southern Mining | -4 | 113 | 0.115 | $ 42,955,056.06 |
NCM | Newcrest Mining | -4 | -15 | 31.36 | $ 25,045,246,426.86 |
GMN | Gold Mountain | -5 | -33 | 0.042 | $ 28,545,821.81 |
TBR | Tribune Resources | -5 | -13 | 7.4 | $ 392,985,896.73 |
BDC | Bardoc Gold | -5 | -26 | 0.078 | $ 131,548,960.58 |
OKR | Okapi Resources | -5 | -17 | 0.195 | $ 7,028,358.87 |
SLR | Silver Lake Resources | -5 | 131 | 2.31 | $ 2,017,968,658.09 |
AMI | Aurelia Metals | -5 | -6 | 0.475 | $ 406,402,465.61 |
CXU | Cauldron Energy | -5 | 111 | 0.038 | $ 14,945,013.73 |
GRL | Godolphin Resources | -5 | 0 | 0.19 | $ 13,278,695.43 |
OKU | Oklo Resources | -5 | 171 | 0.285 | $ 143,515,496.61 |
MGV | Musgrave Minerals | -5 | 630 | 0.555 | $ 256,009,833.90 |
CY5 | Cygnus Gold | -5 | 161 | 0.18 | $ 18,370,814.18 |
RND | Rand Mining | -5 | -37 | 1.98 | $ 119,093,980.50 |
AAR | Anglo Australian | -5 | 90 | 0.175 | $ 79,547,933.40 |
PDI | Predictive Discovery | -6 | 392 | 0.068 | $ 56,024,265.34 |
VAN | Vango Mining | -6 | -53 | 0.099 | $ 97,372,089.89 |
MDI | Middle Island Resources | -6 | 129 | 0.016 | $ 43,591,447.10 |
MEU | Marmota | -6 | 47 | 0.047 | $ 45,497,583.43 |
CLA | Celsius Resources | -6 | 72 | 0.031 | $ 22,626,324.35 |
LNY | Laneway Resources | -6 | 25 | 0.0075 | $ 26,425,461.53 |
MML | Medusa Mining | -6 | -5 | 0.8 | $ 162,079,554.78 |
PUR | Pursuit Minerals | -7 | 40 | 0.014 | $ 6,241,421.11 |
DAU | Dampier Gold | -7 | 13 | 0.027 | $ 7,978,895.12 |
AGG | AngloGold Ashanti | -7 | 18 | 7.34 | $ 628,020,000.00 |
HWK | Hawkstone Mining | -7 | 0 | 0.014 | $ 17,080,000.00 |
ADV | Ardiden | -7 | 643 | 0.026 | $ 52,004,672.10 |
CTO | Citigold Corp | -8 | 140 | 0.012 | $ 28,882,405.30 |
EMR | Emerald Resources | -8 | 58 | 0.6 | $ 298,791,035.06 |
RSG | Resolute Mining | -8 | -42 | 91.25 | $ 982,464,508.34 |
GTR | GTI Resources | -8 | 47 | 0.022 | $ 14,080,000.00 |
EVN | Evolution Mining | -8 | 18 | 5.68 | $ 9,448,631,217.20 |
DTM | Dart Mining | -8 | 46 | 0.17 | $ 14,915,785.55 |
BRB | Breaker Resources | -8 | -26 | 0.225 | $ 73,314,209.03 |
DCN | Dacian Gold | -9 | -66 | 0.032 | $ 180,865,280.05 |
TAR | Taruga Minerals | -9 | 163 | 0.064 | $ 28,346,493.37 |
ERM | Emmerson Resources | -9 | -39 | 0.085 | $ 41,042,579.29 |
TLM | Talisman Mining | -9 | 0 | 0.105 | $ 18,662,838.50 |
KZR | Kalamazoo Resources | -9 | 123 | 0.67 | $ 86,421,346.44 |
STN | Saturn Metals | -9 | 37 | 0.665 | $ 72,128,899.15 |
PRU | Perseus Mining | -9 | 78 | 1.38 | $ 1,595,994,176.76 |
NST | Northern Star | -9 | 16 | 13.5 | $ 9,780,700,683.60 |
BGL | Bellevue Gold | -9 | 64 | 1.03 | $ 839,897,473.00 |
VMC | Venus Metals | -9 | 33 | 0.24 | $ 33,992,703.68 |
CWX | Carawine Resources | -10 | 32 | 0.235 | $ 18,393,184.69 |
RXL | Rox Resources | -10 | 115 | 0.056 | $ 112,520,565.47 |
AUT | Auteco Minerals | -10 | 2355 | 0.135 | $ 203,733,261.68 |
RRL | Regis Resources | -10 | 3 | 4.99 | $ 2,550,890,165.00 |
NME | Nex Metals Exploration | -10 | 491 | 0.065 | $ 15,660,000.00 |
RGL | Riversgold | -10 | 299 | 0.053 | $ 19,839,384.64 |
TRY | Troy Resources | -10 | -15 | 0.094 | $ 56,885,739.12 |
GOR | Gold Road Resources | -11 | 6 | 1.47 | $ 1,284,690,132.08 |
SAU | Southern Gold | -11 | -53 | 0.125 | $ 19,999,597.50 |
TAM | Tanami Gold | -11 | 8 | 0.057 | $ 66,980,531.62 |
WAF | West African Resources | -11 | 88 | 1.02 | $ 862,963,219.14 |
OBM | Ora Banda Mining | -11 | 78 | 0.335 | $ 280,870,000.00 |
SFM | Santa Fe Minerals | -11 | -11 | 0.08 | $ 5,825,503.12 |
RED | Red 5 | -11 | -2 | 0.315 | $ 591,174,300.30 |
SVL | Silver Mines | -11 | 86 | 0.195 | $ 174,501,401.78 |
SBM | St Barbara | -11 | -5 | 2.94 | $ 2,068,386,764.22 |
PRX | Prodigy Gold | -12 | -47 | 0.061 | $ 35,418,283.97 |
GED | Golden Deeps | -12 | -50 | 0.015 | $ 7,538,169.79 |
PAK | Pacific American | -12 | -38 | 0.022 | $ 6,920,000.00 |
GSM | Golden State Mining | -12 | 105 | 0.215 | $ 11,306,025.00 |
CMM | Capricorn Metals | -12 | 72 | 1.98 | $ 670,516,873.65 |
MSR | Manas Resources | -13 | 133 | 0.007 | $ 18,502,137.42 |
NUS | Nusantara Resources | -13 | 8 | 0.28 | $ 59,522,202.88 |
DEG | De Grey Mining | -13 | 2181 | 1.3 | $ 1,593,000,076.25 |
SI6 | Six Sigma Metals | -13 | 160 | 0.013 | $ 15,510,314.50 |
VRC | Volt Resources | -13 | 31 | 0.013 | $ 28,287,775.22 |
KCN | Kingsgate Consolidated | -14 | 113 | 0.89 | $ 190,029,789.60 |
AGS | Alliance Resources | -14 | 60 | 0.21 | $ 39,226,017.60 |
NPM | Newpeak Metals | -14 | -25 | 0.003 | $ 12,947,265.26 |
MZZ | Matador Mining | -14 | 57 | 0.415 | $ 69,897,515.84 |
DGO | DGO Gold | -15 | 302 | 3.38 | $ 222,651,626.12 |
LEX | Lefroy Exploration | -15 | 10 | 0.22 | $ 25,121,686.25 |
TIE | Tietto Minerals | -15 | 102 | 0.495 | $ 224,935,228.00 |
AMG | Ausmex Mining | -16 | -52 | 0.048 | $ 25,735,710.57 |
ARL | Ardea Resources | -16 | -12 | 0.45 | $ 55,512,524.47 |
MLS | Metals Australia | -17 | -17 | 0.0025 | $ 9,120,881.94 |
MTH | Mithril Resources | -17 | 471 | 0.04 | $ 87,657,156.13 |
AQI | Alicanto Minerals | -17 | 127 | 0.17 | $ 49,133,632.45 |
AZS | Azure Minerals | -17 | -33 | 0.17 | $ 42,383,707.98 |
GNM | Great Northern Minerals | -17 | 90 | 0.019 | $ 17,150,472.47 |
RMS | Ramelius Resources | -18 | 59 | 2.03 | $ 1,633,819,856.22 |
KWR | Kingwest Resources | -19 | -46 | 0.145 | $ 20,480,103.14 |
HRN | Horizon Gold | -21 | 27 | 0.37 | $ 34,393,517.82 |
MKG | Mako Gold | -23 | 19 | 0.1 | $ 20,941,515.14 |
AWV | Anova Metals | -24 | 89 | 0.025 | $ 35,827,355.00 |
RDS | Redstone Resources | -25 | 67 | 0.015 | $ 8,322,080.26 |
EUR | European Lithium | -25 | -50 | 0.045 | $ 32,270,000.00 |
MTC | Metalstech | -28 | 761 | 0.155 | $ 19,617,983.89 |
XTC | Xantippe Resources | -29 | -17 | 0.0025 | $ 12,223,693.21 |
ONX | Orminex | -32 | -83 | 0.021 | $ 12,399,349.86 |
Mont Royal Resources (ASX:MRZ) will earn up to 70 per cent of the Wapatik gold-copper project in Canada from TSX-listed Azimut Exploration.
In January, Azimut hit the motherlode at the nearby ‘Patwon’ discovery. Spectacular hits like 3.15 grams per tonne (g/t) gold over 102m sparked a 200 per cent increase in its share price and prompted numerous junior explorers to pour into the region.
Tesoro Resources’ (ASX:TSO) El Zorro gold project in Chile is now 500 per cent bigger – a bit like the company’s share price, which is up +1000 per cent over the past six months. Pretty impressive stuff from the former online jewellery seller.
Fellow supercharged gold explorer Dreadnought Resources (ASX:DRE) is now up 820 per cent over the past six months. This week, the first eight holes of a drilling program at ‘Metzke’s Find’ in WA all hit the gold lode. Highlight intercepts included 4m at 19.9g/t, 45m from surface.
Gold-copper focused Encounter Resources (ASX:ENR) has partnered with BHP (ASX:BHP) to explore the 4,500sqkm Elliott copper project in the Northern Territory.
The global miner could earn up to 75 per cent of the project by spending $22m over 10 years. Encounter also has lucrative joint venture deals with long-term partner and major shareholder Independence Group (ASX:IGO) and gold miner Newcrest Mining (ASX:NCM).
And First Au’s (ASX:FAU) historic high-grade ‘Haunted Stream’ gold project has now received key approvals from the Victorian government.
Historic mine records dating back to the 1880s show ore being extracted from Haunted Stream at +1 ounce per tonne (about 28g/t) – but these old mines are yet to be tested by deeper drilling, First Au says.