Northern Star (ASX:NST) boss Bill Beament is more confident about gold than at any time his career, he told reporters at the annual Diggers & Dealers conference in Kalgoorlie.

PCF Capital managing director Liam Twigger called it the “best market for commodities and capital since the 1960s”.

The recent $16bn Northern Star and Saracen merger has sparked something, Twigger says.

“A lot of capital has come into the market in recent months but the merger and acquisition (M&A) space has been quiet, until now,” he says.

“The industry is small enough that everyone has gone around and around enough times.

“Everyone knows everyone else and knows they are watching. I think there has to be more [consolidation] and we will see some more deals.”

But Regis Resources (ASX:RRL) managing director Jim Beyer warns against M&A that will not stack up if the gold price tumbles.

“The nature of our industry is cyclic, we know it,” he told reporters on the sidelines of the Diggers and Dealers.

“If you look at the globe and the way things are unfolding there’s probably a number of reasons why we should expect the cycle will last a number of years.

“A rising tide floats all boats. [But] what’s going to happen when the tide goes out?

“We need to make sure we haven’t done something that puts our shareholders and our fundamental business at risk.”

Something investors should keep in mind. Meanwhile, the trend is clear — sentiment remains high.

In February, 19 per cent of ASX gold stocks on our list had gained 100 per cent or more over the preceding 12 months.

In June, that number had increased to ~27 per cent. By July it was +40 per cent.

That statistic has stayed reasonably steady since, with 38 per cent of the 200 stocks now on our list making gains of 100 per cent over the last year.

And it was another good week for ASX gold stocks. 126 went up, 44 went down, and 30 didn’t move.

Winners & Losers

Here’s how 200 ASX-listed gold stocks performed October 12 – October 16 [intraday].

Scroll or swipe to reveal table. Click headings to sort. Best viewed on a laptop:

CODE COMPANY 1 WEEK CHANGE % 1 YEAR CHANGE % SHARE PRICE [[intraday Friday] MARKET CAP
AZS Azure Minerals 91 200 0.45 $ 93,244,157.55
AUC Ausgold 61 190 0.061 $ 70,218,875.21
BAT Battery Minerals 46 55 0.019 $ 25,040,000.00
TRY Troy Resources 45 45 0.16 $ 97,969,884.04
DAU Dampier Gold 45 100 0.042 $ 11,968,342.68
ADV Ardiden 43 725 0.033 $ 66,565,980.29
KWR Kingwest Resources 38 -18 0.2 $ 29,201,833.02
MSR Manas Resources 33 167 0.008 $ 21,145,299.90
RMX Red Mountain Mining 33 140 0.012 $ 14,655,192.36
REZ Resources & Energy Group 33 -28 0.032 $ 12,410,000.00
PUR Pursuit Minerals 30 44 0.013 $ 5,761,311.79
CWX Carawine Resources 30 36 0.305 $ 25,992,595.17
CST Castile Resources 28 0 0.43 $ 82,879,700.22
NXM Nexus Minerals 26 202 0.145 $ 28,035,992.30
MVL Marvel Gold 25 -37 0.074 $ 29,782,372.18
SIH Sihayo Gold 25 18 0.025 $ 84,597,894.23
TRM Truscott Mining 25 150 0.02 $ 2,460,000.00
MAR Malachite Resources 24 -49 0.051 $ 6,480,411.60
LCL Los Cerros 24 176 0.21 $ 97,640,000.00
TSO Tesoro Resources 23 1068 0.475 $ 210,410,155.50
ALY Alchemy Resources 22 88 0.022 $ 14,789,355.97
BAR Barra Resources 22 40 0.028 $ 18,214,418.73
NAE New Age Exploration 21 467 0.017 $ 17,772,486.56
DTR Dateline Resources 20 0 0.003 $ 20,525,195.19
NPM NewPeak Metals 20 -14 0.003 $ 13,095,487.53
XTC Xantippe Resources 20 50 0.003 $ 12,223,693.21
CLA Celsius Resources 19 147 0.037 $ 28,868,069.00
CBY Canterbury Resources 17 -36 0.14 $ 12,167,632.68
DCX Discovex Resources 17 -13 0.007 $ 8,373,148.53
NML Navarre Minerals 17 62 0.21 $ 108,488,430.20
SMI Santana Minerals 17 -13 0.0035 $ 6,105,673.46
SKY SKY Metals 17 103 0.175 $ 44,396,969.04
GRL Godolphin Resources 16 0 0.25 $ 17,023,968.50
BGL Bellevue Gold 16 135 1.29 $ 1,037,273,379.16
TAM Tanami Gold 16 50 0.072 $ 83,431,890.27
ARN Aldoro Resources 16 -51 0.094 $ 6,438,937.89
MML Medusa Mining 16 21 0.88 $ 172,469,269.83
VKA Viking Mines 16 100 0.022 $ 6,588,074.98
RVR Red River Resources 16 19 0.185 $ 95,788,257.90
AQI Alicanto Minerals 15 236 0.195 $ 56,152,722.80
NVA Nova Minerals 15 144 0.11 $ 154,641,723.50
AAJ Aruma Resources 14 60 0.008 $ 12,715,311.23
HRZ Horizon 14 -20 0.12 $ 68,157,024.00
LNY Laneway Resources 14 33 0.008 $ 26,425,461.53
TSC Twenty Seven Co. 14 100 0.008 $ 13,663,208.73
AMG Ausmex Mining 14 -49 0.05 $ 26,283,278.88
RND Rand Mining 13 -19 2.36 $ 138,341,492.50
MDI Middle Island Resources 13 143 0.017 $ 44,253,295.63
NES Nelson Resources 13 25 0.077 $ 8,954,567.08
ENR Encounter Resources 13 114 0.3 $ 89,863,989.76
LEX Lefroy Exploration 13 30 0.26 $ 26,126,553.70
SNG Siren Gold 13 88 0.47 $ 24,700,000.00
KTA Krakatoa Resources 13 81 0.098 $ 24,593,100.00
AVW Avira Resources 13 200 0.009 $ 11,000,000.00
TIE Tietto Minerals 12 103 0.59 $ 249,700,303.08
FFR Firefly Resources 12 203 0.185 $ 55,461,063.42
MVL Marvel Gold 12 -41 0.072 $ 29,780,000.00
FAU First Au 12 27 0.019 $ 10,223,608.08
CAI Calidus Resources 11 162 0.68 $ 180,351,655.25
OKU Oklo Resources 11 200 0.3 $ 146,033,312.34
SBR Sabre Resources 11 150 0.01 $ 12,506,462.58
DRE Dreadnought Resources 11 182 0.031 $ 69,162,965.55
GED Golden Deeps 11 -35 0.0155 $ 8,345,830.83
G88 Golden Mile Resources 10 -4 0.066 $ 8,365,246.30
AAR Anglo Australian 10 70 0.17 $ 96,154,533.34
SSR SSR Mining 10 0 26.99 $ 435,234,633.60
CHN Chalice Gold Mines 10 1544 2.96 $ 941,396,133.50
AME Alto Metals 10 211 0.115 $ 41,067,097.72
HMX Hammer Metals 10 100 0.046 $ 32,750,043.22
S2R S2 Resources 9 119 0.295 $ 94,467,353.70
CGN Crater Gold Mining 9 -20 0.012 $ 14,729,950.40
DTM Dart Mining 9 33 0.18 $ 14,915,785.55
MLL Mali Lithium 9 80 0.18 $ 63,927,933.83
DEG De Grey Mining 9 2080 1.33 $ 1,618,488,077.47
PKO Peako 9 36 0.036 $ 7,010,000.00
OAU Ora Gold 9 14 0.025 $ 21,021,130.55
CDT Castle Minerals 8 44 0.013 $ 6,325,008.18
SI6 Six Sigma Metals 8 225 0.013 $ 14,418,684.89
WGX Westgold Resources 8 36 2.83 $ 1,165,007,347.90
MAU Magnetic Resources 8 156 1.28 $ 276,571,362.56
NAG Nagambie Resources 7 -9 0.058 $ 28,996,076.07
BNR Bulletin Resources 7 196 0.074 $ 12,909,101.33
CTO Citigold Corp 7 200 0.015 $ 39,385,098.14
GBZ GBM Resources 7 223 0.15 $ 49,390,681.65
GSM Golden State Mining 7 275 0.3 $ 15,074,700.00
AGG AngloGold Ashanti 7 26 7.62 $ 692,252,256.40
WMX Wiluna Mining 6 48 1.78 $ 178,836,721.04
WWI West Wits Mining 6 533 0.038 $ 45,032,536.69
CY5 Cygnus Gold 5 255 0.195 $ 20,470,335.80
MEI Meteoric Resources 5 -3 0.059 $ 69,452,003.38
GWR GWR Group 5 107 0.205 $ 55,971,058.16
AMI Aurelia Metals 5 17 0.525 $ 445,731,736.47
BRV Big River Gold 5 350 0.063 $ 83,011,669.99
NWM Norwest Minerals 5 -43 0.105 $ 7,832,263.78
SVL Silver Mines 5 126 0.21 $ 215,560,555.14
MKG Mako Gold 5 31 0.11 $ 28,209,362.06
MOH Moho Resources 5 57 0.11 $ 7,648,476.77
RMS Ramelius Resources 5 83 2.21 $ 1,795,584,198.42
AOP Apollo Consolidated 5 38 0.345 $ 91,492,500.60
ZNC Zenith Minerals 5 89 0.115 $ 33,851,403.45
NCM Newcrest Mining 4 -5 31.64 $25,688,868,559.64
ONX Orminex 4 -77 0.025 $ 13,477,554.20
CMM Capricorn Metals 4 60 1.81 $ 629,254,296.81
EVN Evolution Mining 4 39 6.13 $10,473,799,161.20
AUT Auteco Minerals 4 1971 0.145 $ 227,240,945.72
RRL Regis Resources 4 9 5.18 $ 2,617,213,309.29
NSM North Stawell 3 0 0.445 $ 17,000,000.00
DGO DGO Gold 3 317 3.59 $ 245,163,618.00
BBX BBX Minerals 3 120 0.45 $ 187,187,036.57
MAT Matsa Resources 3 7 0.15 $ 39,316,272.81
SAR Saracen Mineral Holdings 3 86 6.1 $ 6,667,974,246.36
NST Northern Star 3 42 16.13 $11,899,852,498.38
RSG Resolute Mining 3 -20 0.97 $ 1,076,295,388.35
KRM Kingsrose Mining 3 30 0.035 $ 25,550,257.32
CDV Cardinal Resources 3 196 1.08 $ 580,900,257.72
MGV Musgrave Minerals 3 647 0.575 $ 275,379,525.30
BRB Breaker Resources 2 -34 0.23 $ 74,943,413.67
TBR Tribune Resources 2 -11 7.36 $ 386,165,046.72
CAZ Cazaly Resources 2 106 0.049 $ 17,250,000.00
ARL Ardea Resources 2 28 0.53 $ 63,196,938.09
KCN Kingsgate Consolidated 2 95 0.84 $ 188,898,659.90
NUS Nusantara Resources 2 7 0.3 $ 63,773,788.80
KAI Kairos Minerals 1 526 0.076 $ 132,156,453.34
SBM St Barbara 1 11 3.06 $ 2,123,125,114.81
MZZ Matador Mining 1 78 0.445 $ 77,249,335.35
STN Saturn Metals 1 63 0.735 $ 79,721,414.85
SLR Silver Lake Resources 0 168 2.42 $ 2,114,901,650.40
AWV Anova Metals 0 189 0.028 $ 40,126,637.60
ARV Artemis Resources 0 295 0.15 $ 167,976,200.55
BCN Beacon Minerals 0 -5 0.038 $ 108,843,808.23
BC8 Black Cat Syndicate 0 88 0.079 $ 89,333,010.27
CEL Challenger Exploration 0 450 0.22 $ 120,572,751.20
CHZ Chesser Resources 0 279 0.265 $ 108,417,460.91
GML Gateway Mining 0 17 0.021 $ 39,944,436.76
GMN Gold Mountain 0 -44 0.042 $ 28,276,159.38
GMR Golden Rim Resources 0 6 0.017 $ 32,118,690.85
GUL Gullewa 0 267 0.11 $ 17,373,741.00
HWK Hawkstone Mining 0 8 0.013 $ 15,858,786.78
HAW Hawthorn Resources 0 179 0.145 $ 50,027,341.95
KAU Kaiser Reef 0 0 0.41 $ 10,106,500.41
KGM Kalnorth Gold 0 86 0.013 $ 11,625,120.78
MKR Manuka Resources 0 0 0.5 $ 35,868,879.09
MCT Metalicity 0 342 0.023 $ 39,757,248.99
OKR Okapi Resources 0 -17 0.17 $ 6,487,715.88
PAK Pacific American Holdings 0 -44 0.02 $ 6,291,698.00
PGI Panterra Gold 0 27 0.038 $ 7,220,241.01
PUA Peak Minerals 0 95 0.034 $ 18,440,467.12
PRU Perseus Mining 0 91 1.41 $ 1,691,402,318.52
RDS Redstone Resources 0 114 0.015 $ 7,839,450.24
RML Resolution Minerals 0 10 0.044 $ 12,296,714.80
TMX Terrain Minerals 0 225 0.013 $ 10,124,254.13
TTM Titan Minerals 0 -24 0.14 $ 148,887,754.29
VAN Vango Mining 0 -47 0.1 $ 98,365,682.65
VRC Volt Resources 0 1 0.012 $ 24,246,664.48
GOR Gold Road Resources 0 40 1.5 $ 1,319,887,122.00
ALK Alkane Resources 0 77 1.42 $ 827,590,432.00
EMR Emerald Resources -1 58 0.615 $ 322,123,254.38
AXE Archer Materials -1 270 0.5 $ 112,327,411.50
CYL Catalyst Metals -1 4 2.65 $ 218,359,199.70
ERM Emmerson Resources -1 -20 0.088 $ 42,491,140.91
PDI Predictive Discovery -2 424 0.062 $ 51,080,947.81
BYH Bryah Resources -2 9 0.061 $ 8,044,304.24
MEU Marmota -2 66 0.048 $ 45,497,583.43
DCN Dacian Gold -2 -56 0.4 $ 211,473,250.52
MTC Metalstech -3 900 0.17 $ 24,916,498.46
MRZ Mont Royal Resources -3 55 0.34 $ 11,228,306.20
MTH Mithril Resources -3 417 0.031 $ 62,612,254.38
RXL Rox Resources -3 144 0.061 $ 122,749,707.78
STK Strickland Metals -3 355 0.091 $ 39,719,644.50
RED Red 5 -3 -2 0.3 $ 581,321,395.30
AL8 Alderan Resourcees -4 183 0.13 $ 34,035,773.33
BDC Bardoc Gold -4 -22 0.076 $ 133,279,867.95
WAF West African Resources -4 158 1.1 $ 954,954,222.19
SAU Southern Gold -4 -50 0.12 $ 19,199,613.60
EMU EMU NL -4 26 0.048 $ 16,010,000.00
TAR Taruga Minerals -4 240 0.069 $ 32,918,508.43
E2M E2 Metals -4 0 0.225 $ 27,552,039.06
HRN Horizon Gold -4 60 0.45 $ 39,182,488.65
FML Focus Minerals -5 38 0.39 $ 73,099,426.00
GNM Great Northern -5 90 0.019 $ 18,053,128.92
RGL Riversgold -6 457 0.064 $ 24,896,482.69
SFM Santa Fe Minerals -6 -20 0.08 $ 5,825,503.12
KZR Kalamazoo Resources -7 152 0.63 $ 84,457,224.93
OBM Ora Banda Mining -7 93 0.335 $ 285,059,219.12
TNR Torian Resources -8 56 0.024 $ 18,284,742.78
PRX Prodigy Gold -8 -57 0.047 $ 27,289,497.48
CXU Cauldron Energy -8 119 0.035 $ 13,765,144.23
AGS Alliance Resources -8 87 0.22 $ 39,226,017.60
VMC Venus Metals -9 38 0.255 $ 38,525,064.17
ADN Andromeda Metals -10 150 0.14 $ 241,241,153.45
GSN Great Southern -10 50 0.09 $ 37,648,278.64
HXG Hexagon Energy -10 -21 0.044 $ 11,989,769.28
GBR Great Boulder Resources -11 52 0.067 $ 12,600,004.59
SLZ Sultan Resources -11 225 0.205 $ 12,018,186.50
TLM Talisman Mining -12 5 0.115 $ 21,462,264.28
A1G African Gold -12 -33 0.15 $ 5,179,604.76
MLS Metals Australia -20 0 0.002 $ 9,120,881.94
AQX Alice Queen -23 -31 0.033 $ 34,903,634.21
ANL Amani Gold -25 -40 0.0015 $ 15,676,393.49
MHC Manhattan Corp -37 480 0.029 $ 38,462,082.10

 

SMALL CAP STANDOUTS

A presentation by Ausgold (ASX:AUC) at Diggers & Dealers this week included a sneaky comparison with other WA-based, one million ounce gold explorers to demonstrate how undervalued it was.

Investors responded positively, sending the stock up 61 per cent.

Former graphite play Battery Minerals (ASX:BAT) has locked in the acquisition of a Victorian gold-copper project near Stavely Minerals’ (ASX:SVY) world-class Cayley Lode discovery.

An 11m intersection grading 131.93g/t gold at the Smarts Underground prospect in Guyana is “world class by any standards”, says small cap miner Troy Resources (ASX:TRY).

Investors agreed, sending the stock up ~45 per cent to +2 year highs.

Dampier Gold (ASX:DAU) made a new gold discovery with a wide spaced, early stage drilling program at the greenfields (unexplored) Browns Dam prospect, part of its flagship Zuleika project in WA.

And Ardiden (ASX:ADV) has outlined a number of mammoth gold targets at the New Patricia property in Ontario, including a structure which is larger than the Super Pit in Kalgoorlie.

Here’s the Super Pit, for scale:

The Super Pit in Kalgoorlie. Pic: Kalgoorlie Consolidated Gold Mines

Stockhead constantly updates our list of ASX gold stocks to be as accurate as possible for investors. If you spot companies that should be added (or removed) please let us know at: reuben@stockhead.com.au