Gold Digger: The big boys are bullish

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: [email protected]