• Aussie Google searches for ‘how to buy and gold and silver’ at 12 year highs
  • Reporting season: Westgold, West African Resources both release solid numbers for March quarter
  • Wednesday small cap standouts: GBM Resources, Ora Banda Mining

Our Gold Digger column wraps all the news driving ASX stocks with exposure to precious metals.

 

The Wall Street Journal says searches for ‘How to Buy Gold’ just hit a Google record.

So, we did our own search. In Australia, Google Trends tells us that searches for ‘How to Buy Gold’ are now at their highest point since May 2011, when the world was bloodied and bruised by after-effects of the Global Economic Crisis.

At the time gold was mid bull run, paying ~US$1400/oz ahead of a peak of  ~US$1900/oz in August.

The graph data is normalised from 0 to 100, so it shows relative interest over time.

Meanwhile, Aussie searches for ‘How to Buy Silver’ are nearing their highest point since February 2010. History tells us the silver price would then go parabolic, peaking at a remarkable US$50/oz in April 2011 due to concerns about inflation and government indebtedness. Sound familiar?

Right now, Aussie gold and silver prices are paying a lofty $3018/oz and $37.82/oz.

 

Retail demand for gold and silver is flying

Late last year we asked bullion trader Perth Mint this exact question.

Retail investment in gold bar and coins has been supercharged for the last few years, despite the precious metal’s unpredictable pricing action over that time.

Perth Mint General Manager of Minted Products Neil Vance said the run-on gold and silver started around April 2020.

“Really since that time has seen no let up, and it has continued into 2022,” he said last June.

“We have seen it all around the world, but our two largest export markets for our physical coins are the US and Germany.

“Here, it has been an incredible surge in demand.”

It’s the same in Australia, he said.

“I’ve been here [at Perth Mint] for 19 years and have never seen the Australian market like this and the demand we have experienced,” Vance says.

The Perth Mint sold 80,541oz of gold and 1,823,096oz of silver in minted product form during March 2023 – a big 54% jump on February.

There’s still room for growth, with gold sales down 34% compared to March 2022.

 

How to buy gold and silver

It is quite easy to purchase precious metals, says Vance, but his key message to buyers is this: do your research, and buy from trusted distributors.

Not these guys.

 

How did ASX gold miners perform on Wednesday?

It’s reporting season, and our gold miners are generally putting up solid numbers.

Unhedged producer Gold Road Resources (ASX:GOR) put on another 5% in early trade after a good set of results announced Monday.

And then there are today’s results — Westgold (ASX:WGX) has been a classic rebound play this year.

A 2023 pick for a number of gold bull mining analysts, including Argonaut head of fund management David Franklyn, Westgold is up a handy 66.11% YTD and having gone from Monster to Mouse in 2022 is back in Monster territory in 2023 at a market cap of over $700 million.

The numbers from March make for decent if not spectacular reading. Cash was up $9m to $168m with positive mine operating cashflow of $32m as 60,512oz left its network of gold mines in WA’s Mid West at all in sustaining costs of $2094/oz.

With 188,740oz produced this financial year so far, WGX is tracking towards the top end of its guidance of 240,000-260,000oz and said today it plans to hit the mid-point of its $1900-2100/oz cost guidance with costs through the first nine months of $2077/oz.

West African Resources (ASX:WAF) saw production lift 13% QoQ to 56,307oz in the March term, with costs down 10% to US$1172/oz.

That came against 48,208oz of unhedged gold sales at an average price of US$1878/oz, generating $29m of operating cashflow after a $25m 2021 income tax payment.

WAF expects to deliver 210,000-230,000oz at AISC of US$1175/oz this calendar year, while pushing ahead with the construction of its Kiaka gold mine, where it spent $39m on early capex in March.

Production is expected to average more than 200,000ozpa in 2023 and 2024 before lifting to more than 400,000ozpa from 2025 once the Kiaka mine is online to complement its Sanbrado operation in Burkina Faso.

 

Winners & Losers

Here’s how ASX-listed precious metals 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 % Wednesday % Week % Month % YTD % Year Price Market Cap
MCT Metalicity Limited 50% 20% 50% 0% -61% 0.003 $7,009,079
A1G African Gold . 17% 7% 16% -2% -44% 0.081 $11,682,474
RMX Red Mount Min 17% 17% -13% -30% -63% 0.0035 $6,815,553
GBZ GBM Rsources 14% 10% 22% -23% -74% 0.033 $16,331,657
ICG Inca Minerals 13% -6% -15% -26% -82% 0.017 $7,252,717
WCN White Cliff Min 13% 13% 0% -36% -69% 0.009 $7,672,435
AVM Advance Metals 13% 0% 13% -10% -47% 0.009 $4,656,353
OKR Okapi Resources 12% 12% 4% -7% -61% 0.14 $22,948,227
OBM Ora Banda Mining 10% 14% 23% 90% 227% 0.16 $233,615,332
GAL Galileo Mining 10% 9% 20% -13% 212% 0.765 $137,349,324
LCL Los Cerros Limited 10% 13% -3% -40% -65% 0.034 $24,623,438
XAM Xanadu Mines 9% -2% 31% 62% 31% 0.047 $70,426,440
MOH Moho Resources 9% 20% 26% 14% -63% 0.024 $4,568,568
VKA Viking Mines 9% 0% 0% 20% 0% 0.012 $11,277,843
ADG Adelong Gold Limited 9% -20% 0% 71% -60% 0.012 $5,872,045
TSO Tesoro Gold 8% 39% 34% 8% -49% 0.039 $37,926,453
CXU Cauldron Energy 8% 8% -19% -7% -61% 0.0065 $5,589,412
LRL Labyrinth Resources 8% -10% 8% -24% -73% 0.013 $11,513,848
KIN KIN Min NL 8% 0% -7% -37% -56% 0.041 $44,769,721
BEZ Besragoldinc 7% 9% 50% 362% 313% 0.24 $79,618,925
POL Polymetals Resources 6% 30% 92% 41% 200% 0.345 $14,684,375
ALK Alkane Resources 6% 5% 21% 68% -21% 0.9 $508,973,703
TAM Tanami Gold NL 6% 3% 6% -5% -40% 0.037 $41,128,397
RXL Rox Resources 6% -4% 28% 111% -10% 0.37 $78,523,991
GSR Greenstone Resources 6% -5% -10% -41% -46% 0.019 $21,838,831
PNM Pacific Nickel Mines 5% 5% 35% 20% -5% 0.1 $36,100,403
AZY Antipa Minerals 5% 0% 5% -5% -55% 0.02 $68,267,777
MKR Manuka Resources. 5% 1% 9% -4% -73% 0.082 $42,187,865
MAU Magnetic Resources 5% -11% -24% -40% -64% 0.52 $113,608,629
MEI Meteoric Resources 5% 31% 21% 197% 826% 0.1575 $260,781,313
TAR Taruga Minerals 5% 14% 50% -13% 0% 0.021 $14,120,536
GOR Gold Road Res 5% 5% 17% 11% 15% 1.8825 $1,935,766,397
SNG Siren Gold 5% -4% 16% -40% -73% 0.11 $14,097,175
PGO Pacgold 5% -2% 19% 22% -41% 0.44 $23,083,962
KSN Kingston Resources 5% 0% 25% 42% -36% 0.115 $45,721,902
BGD Bartongoldholdings 4% 7% 14% 20% -2% 0.24 $19,856,612
MEG Megado Minerals 4% 0% 35% 11% -72% 0.05 $6,866,667
EVN Evolution Mining 4% 1% 21% 20% -14% 3.58 $6,312,456,137
FG1 Flynngold 4% -14% -4% -23% -48% 0.077 $7,612,642
AGG AngloGold Ashanti 4% 2% 26% 36% 34% 8.01 $686,899,791
S2R S2 Resources 4% -4% 0% -21% -13% 0.135 $53,311,898
WGX Westgold Resources. 4% 2% 26% 71% -15% 1.4925 $682,016,731
FEG Far East Gold 3% -5% -6% -38% -9% 0.3 $44,383,981
KRM Kingsrose Mining 3% 0% 9% -3% -21% 0.063 $45,904,118
AME Alto Metals Limited 3% 2% -3% -1% -28% 0.066 $39,220,191
WAF West African Res 3% 0% 4% -14% -24% 1.01 $1,003,106,192
SBM St Barbara Limited 3% 9% -8% -24% -59% 0.5925 $469,511,446
AM7 Arcadia Minerals 3% 6% -18% -12% -42% 0.18 $8,172,131
SLR Silver Lake Resource 3% 1% 11% 6% -41% 1.2575 $1,138,936,808
VMC Venus Metals Cor 3% 3% 29% 48% 0% 0.2 $34,725,343
AQI Alicanto Min 3% -5% 14% -7% -60% 0.04 $20,912,331
BGL Bellevue Gold 2% 2% 16% 25% 40% 1.4175 $1,565,105,025
IDA Indiana Resources 2% -9% 2% -13% -25% 0.048 $23,674,126
GML Gateway Mining 2% -6% 11% -18% -59% 0.049 $12,784,010
NST Northern Star 2% -1% 20% 27% 29% 13.86 $15,627,758,801
HAV Havilah Resources 2% -10% -14% -15% 51% 0.28 $87,075,783
CMM Capricorn Metals 2% -4% -1% -1% 2% 4.535 $1,675,881,461
NCM Newcrest Mining 2% 0% 11% 41% 3% 29.1 $25,601,825,857
TBR Tribune Res 2% -3% 6% -2% -19% 3.93 $203,051,458
RND Rand Mining 2% 2% -3% -1% -15% 1.35 $75,645,028
MZZ Matador Mining 1% 0% -14% -38% -74% 0.071 $22,065,318
PGD Peregrine Gold 1% -4% -12% -8% -30% 0.355 $19,628,627
RRL Regis Resources 1% 0% 16% 5% 0% 2.16 $1,608,205,220
MLS Metals Australia 1% -1% -1% -18% -77% 0.0365 $21,853,303
ADT Adriatic Metals 1% 0% -4% 17% 44% 3.68 $807,138,573
BNZ Benzmining 1% -5% 1% -7% -46% 0.38 $27,395,550
FML Focus Minerals 1% 5% 18% -24% -19% 0.195 $55,162,539
DEG De Grey Mining 1% 5% 10% 30% 28% 1.665 $2,568,119,575
BC8 Black Cat Syndicate 1% -1% 20% 27% -22% 0.45 $118,621,182
SVL Silver Mines Limited 1% -7% 34% 14% -1% 0.2275 $315,974,732
BRB Breaker Res NL 1% -5% 21% 47% 68% 0.47 $153,640,110
KCN Kingsgate Consolid. 1% -6% -28% -16% -12% 1.455 $362,906,669
SSR SSR Mining Inc. 1% -4% 5% -3% -29% 22.34 $406,292,551
RMS Ramelius Resources 1% -5% 16% 44% -11% 1.3375 $1,161,420,732
SFR Sandfire Resources 0% -6% 12% 21% 23% 6.56 $2,983,504,290
PRU Perseus Mining 0% -3% -2% 9% 19% 2.295 $3,132,444,215
MRR Minrex Resources 0% -6% -27% -50% -77% 0.016 $17,357,880
NPM Newpeak Metals 0% 0% 0% 0% 0% 0.001 $9,145,132
FFX Firefinch 0% 0% 0% 0% -47% 0.2 $236,569,315
GED Golden Deeps 0% -6% -6% -17% -61% 0.0075 $8,664,200
G88 Golden Mile Res 0% -5% 31% 3% -68% 0.021 $5,532,077
DCX Discovex Res 0% 0% 0% 0% -61% 0.003 $9,907,704
NMR Native Mineral Res 0% 0% -29% -64% -80% 0.04 $4,805,549
AQX Alice Queen 0% 0% 50% -25% -81% 0.0015 $3,795,431
MKG Mako Gold 0% -5% -10% -5% -60% 0.038 $17,922,752
PNX PNX Metals Limited 0% 0% 20% -29% -47% 0.003 $16,141,874
GIB Gibb River Diamonds 0% 7% -4% -18% -26% 0.049 $10,363,963
BNR Bulletin Res 0% -2% -1% -5% -63% 0.088 $25,836,017
SKY SKY Metals 0% -5% 16% 19% -46% 0.057 $21,476,658
LM8 Lunnonmetalslimited 0% 2% 8% 30% 1% 1.16 $127,470,329
CST Castile Resources 0% -9% -4% -4% -46% 0.091 $22,013,121
YRL Yandal Resources 0% -6% -3% -11% -65% 0.087 $13,728,868
FAU First Au 0% -14% 20% 50% -57% 0.006 $6,568,700
GWR GWR Group 0% 7% -15% 37% -51% 0.081 $26,018,549
GTR Gti Energy 0% 6% 0% -17% -58% 0.009 $16,132,352
IPT Impact Minerals 0% 8% 30% 86% -11% 0.013 $32,257,817
PUA Peak Minerals 0% -20% 0% -33% -76% 0.004 $4,165,506
SMS Starmineralslimited 0% 0% -1% 1% -64% 0.073 $2,200,351
MVL Marvel Gold Limited 0% -12% -12% -42% -67% 0.015 $10,576,416
PRX Prodigy Gold NL 0% 0% 10% -8% -46% 0.011 $19,226,711
CWX Carawine Resources 0% 2% -1% -3% -52% 0.097 $19,091,294
CAZ Cazaly Resources 0% 0% 4% -18% -26% 0.028 $10,411,010
BMR Ballymore Resources 0% -6% 0% 0% -18% 0.15 $14,447,618
REZ Resourc & En Grp 0% 0% 8% -13% -70% 0.014 $6,997,281
GMR Golden Rim Resources 0% 3% 6% 10% -53% 0.034 $20,114,005
KAL Kalgoorliegoldmining 0% -7% -27% -52% -72% 0.04 $3,100,841
ADN Andromeda Metals 0% -2% -2% -5% -58% 0.042 $130,620,354
WA8 Warriedarresour 0% 0% -7% -24% 0% 0.13 $56,037,646
WRM White Rock Min 0% 0% 0% -5% -70% 0.063 $17,508,200
CTO Citigold Corp 0% -17% 0% -17% -38% 0.005 $14,368,295
MHC Manhattan Corp 0% 0% -9% -9% -64% 0.005 $14,681,393
TRY Troy Resources 0% 0% 0% 0% 0% 0.0295 $62,920,961
CGN Crater Gold Min 0% 0% 0% 0% 0% 0.014499 $17,965,037
SVG Savannah Goldfields 0% 0% -1% -13% -18% 0.165 $31,159,992
GUL Gullewa Limited 0% -2% -2% -8% -32% 0.055 $10,767,521
ADV Ardiden 0% 0% 0% 0% -52% 0.007 $18,818,347
AAR Astral Resources NL 0% -4% 0% 13% -13% 0.081 $53,898,208
NAE New Age Exploration 0% 0% -17% -29% -64% 0.005 $7,179,495
XTC Xantippe Res 0% 0% 0% -20% -71% 0.004 $42,320,399
TTM Titan Minerals 0% 5% 5% -4% -36% 0.064 $90,321,484
NML Navarre Minerals 0% 0% 3% -27% -68% 0.03 $45,086,374
BCN Beacon Minerals 0% -9% 14% 14% -11% 0.032 $120,216,581
EM2 Eagle Mountain 0% -19% -31% -26% -70% 0.125 $38,120,858
MEU Marmota Limited 0% -5% -8% -25% -25% 0.036 $38,116,821
NVA Nova Minerals 0% -1% -20% -47% -53% 0.36 $75,920,319
DCN Dacian Gold 0% 1% 8% -16% -69% 0.084 $102,211,279
ICL Iceni Gold 0% -2% -24% -21% -58% 0.063 $13,140,000
RML Resolution Minerals 0% 0% -17% -38% -69% 0.005 $5,398,731
AL8 Alderan Resource 0% 14% 0% 14% -69% 0.008 $4,859,271
GMN Gold Mountain 0% 0% -25% -57% -63% 0.003 $5,909,798
TBA Tombola Gold 0% 0% 0% 0% -55% 0.026 $33,129,243
HRN Horizon Gold 0% 0% 6% 19% -13% 0.37 $46,317,207
QML Qmines Limited 0% -6% -12% -9% -46% 0.15 $13,531,355
RDN Raiden Resources 0% 0% -16% -16% -68% 0.004 $7,418,330
DTM Dart Mining NL 0% -17% 36% 9% -21% 0.06 $9,337,234
EMU EMU NL 0% 0% 0% -59% -86% 0.002 $2,900,043
SFM Santa Fe Minerals 0% -8% -5% -31% -54% 0.055 $4,005,033
X64 Ten Sixty Four 0% 0% 0% -11% -34% 0.57 $130,184,182
SI6 SI6 Metals Limited 0% 0% 0% -17% -50% 0.005 $7,476,973
HAW Hawthorn Resources 0% 18% 2% -26% -45% 0.085 $28,476,327
SVY Stavely Minerals 0% 3% -14% -37% -60% 0.155 $50,572,426
KWR Kingwest Resources 0% -3% 0% -11% -82% 0.031 $8,733,531
AGC AGC 0% 4% -5% -13% -46% 0.052 $5,200,000
RVR Red River Resources 0% 0% 0% 0% -70% 0.073 $37,847,908
RGL Riversgold 0% 7% 0% -47% -78% 0.016 $15,127,483
MM8 Medallion Metals. 0% -16% -19% -32% -62% 0.105 $24,216,414
AUT Auteco Minerals 0% -15% -2% -22% -47% 0.04 $92,513,452
CBY Canterbury Resources 0% 0% -8% -10% -38% 0.037 $5,347,371
LYN Lycaonresources 0% -11% -6% -42% -63% 0.16 $5,267,000
TMZ Thomson Res 0% 0% 0% -74% -88% 0.005 $4,349,755
WMC Wiluna Mining Corp 0% 0% 0% 0% -73% 0.205 $74,238,031
NWM Norwest Minerals 0% 0% 28% -31% -33% 0.037 $9,152,735
BMO Bastion Minerals 0% 0% -18% -32% -88% 0.023 $3,666,466
GSM Golden State Mining 0% -6% 0% -26% -62% 0.032 $3,744,455
GSN Great Southern 0% -9% 0% -31% -67% 0.02 $13,270,140
RED Red 5 Limited 0% -8% 18% -20% -61% 0.165 $570,814,758
THR Thor Energy PLC 0% 11% 25% -17% -69% 0.005 $7,380,564
BAT Battery Minerals 0% -13% 0% -13% -61% 0.0035 $11,749,298
RDS Redstone Resources 0% 0% 0% 25% -13% 0.01 $7,368,324
GBR Greatbould Resources 0% -10% 2% -2% -28% 0.089 $43,168,701
KAI Kairos Minerals 0% 10% 10% -4% -27% 0.022 $43,210,057
HRZ Horizon 0% -5% 28% -3% -51% 0.059 $41,122,037
CAI Calidus Resources 0% -23% -13% -24% -80% 0.205 $90,107,922
CDT Castle Minerals 0% 7% -11% -24% -70% 0.016 $17,991,888
RSG Resolute Mining 0% -6% 14% 120% 40% 0.44 $936,762,890
ALY Alchemy Resource 0% 0% 0% -39% -48% 0.014 $16,493,068
HXG Hexagon Energy 0% -8% -8% -35% -75% 0.011 $5,642,075
AVW Avira Resources 0% 0% 0% 0% -54% 0.003 $6,401,370
MAT Matsa Resources 0% 0% 16% 16% -39% 0.043 $17,716,199
ZAG Zuleika Gold 0% -13% 8% -33% -56% 0.014 $7,322,709
SBR Sabre Resources 0% 5% -18% -39% -62% 0.023 $6,704,182
CHZ Chesser Resources 0% -5% -13% -9% -33% 0.077 $45,322,304
KTA Krakatoa Resources 0% 0% 14% -25% -75% 0.033 $11,375,427
ARN Aldoro Resources 0% -8% -18% 3% -45% 0.165 $22,179,918
MBK Metal Bank 0% 3% 10% -6% -54% 0.032 $8,847,537
A8G Australasian Metals 0% -3% -9% -18% -69% 0.155 $6,381,427
TLM Talisman Mining 0% 0% 0% 0% -20% 0.14 $26,283,530
PKO Peako Limited 0% 13% -10% -38% -55% 0.009 $4,236,583
OAU Ora Gold Limited 0% 20% 20% -40% -70% 0.003 $11,810,775
GNM Great Northern 0% 0% -14% -25% -50% 0.003 $5,127,153
DEX Duke Exploration 0% 0% 0% 0% -66% 0.053 $5,587,240
MOM Moab Minerals 0% 0% 0% -22% -75% 0.007 $4,773,744
KNB Koonenberrygold 0% -2% 4% -11% -45% 0.055 $4,166,604
AWJ Auric Mining 0% 4% 17% -19% -40% 0.052 $6,804,699
ENR Encounter Resources 0% 0% 21% -19% -9% 0.145 $51,551,238
AYM Australia United Min 0% 0% 0% 0% -50% 0.003 $5,527,732
ANL Amani Gold 0% 0% 0% 0% -50% 0.001 $25,143,441
PNT Panthermetals 0% 0% -14% -44% -55% 0.105 $3,228,750
TUL Tulla Resources 0% -3% 19% -4% -48% 0.32 $102,977,281
CLZ Classic Min 0% 0% -50% -89% -99% 0.001 $5,426,262
ORN Orion Minerals 0% -6% 25% -6% -42% 0.015 $81,986,412
TMS Tennant Minerals 0% -6% 7% 3% -40% 0.032 $24,301,869
PXX Polarx Limited 0% -13% 17% -30% -30% 0.014 $18,941,257
CYL Catalyst Metals -1% -3% 5% -16% -46% 0.995 $174,684,823
EMR Emerald Res NL -1% 5% 20% 52% 45% 1.8 $1,077,748,784
SPQ Superior Resources -1% -15% -20% -29% -7% 0.04 $68,899,427
PNR Pantoro Limited -1% 1% 20% -26% -78% 0.071 $218,075,081
IVR Investigator Res -2% -7% 47% 50% -3% 0.063 $91,978,881
LEX Lefroy Exploration -2% 0% 35% 12% -12% 0.29 $47,335,111
AUC Ausgold Limited -2% -4% 0% 9% -33% 0.051 $117,665,561
GCY Gascoyne Res -2% 4% 28% -24% -48% 0.1275 $90,172,954
SPD Southernpalladium -2% 0% -3% -38% 0% 0.5 $21,969,947
ASO Aston Minerals -2% -13% -4% 20% -36% 0.096 $109,243,632
SXG Southern Cross Gold -2% -8% 2% -14% 0% 0.685 $62,878,176
CHN Chalice Mining -2% -2% 23% 23% 10% 7.75 $2,981,461,776
RDT Red Dirt Metals -2% 8% 49% -4% -21% 0.455 $206,974,983
MGV Musgrave Minerals -2% 0% 13% 7% -37% 0.225 $135,977,828
MEK Meeka Metals Limited -2% -12% 2% -34% -6% 0.045 $49,110,011
GMD Genesis Minerals -2% 6% 25% 6% -16% 1.33 $646,826,759
SLZ Sultan Resources -2% 0% -9% -52% -74% 0.041 $4,337,944
KAU Kaiser Reef -2% 8% 21% 21% -2% 0.2 $29,048,025
G50 Gold50Limited -3% -3% -13% -22% -22% 0.195 $11,388,600
AAJ Aruma Resources -3% -9% 37% 47% -32% 0.078 $12,556,920
TIE Tietto Minerals -3% -18% -6% -18% 14% 0.58 $647,078,857
MXR Maximus Resources -3% -10% 0% -10% -58% 0.036 $11,805,063
TG1 Techgen Metals -3% 0% 6% -15% -50% 0.07 $4,630,402
STN Saturn Metals -3% -3% 9% -3% -55% 0.175 $27,278,734
KCC Kincora Copper -3% 6% 1% -7% -35% 0.068 $8,348,219
ZNC Zenith Minerals -3% 7% -16% -40% -64% 0.16 $58,031,497
DRE Dreadnought Resources -3% -14% 3% -40% 43% 0.063 $215,327,334
CEL Challenger Exp -3% -3% 19% -11% -54% 0.155 $177,063,740
HCH Hot Chili -3% -2% 22% 23% -35% 1.075 $132,584,179
USL Unico Silver Limited -3% -18% 4% -18% -40% 0.14 $36,156,789
HMX Hammer Metals -4% -13% 55% 21% -16% 0.082 $69,819,625
AMI Aurelia Metals -4% 0% 29% 8% -71% 0.135 $173,241,210
CY5 Cygnus Metals -4% -2% 18% -32% 53% 0.26 $50,523,537
ERM Emmerson Resources -4% -4% 7% 3% -33% 0.077 $43,576,783
MTC Metalstech -4% 32% 4% -29% 25% 0.37 $68,320,017
NSM Northstaw -4% -8% -14% -23% -57% 0.12 $15,015,875
PDI Predictive Disc -4% 0% 6% 0% -12% 0.18 $335,722,259
BM8 Battery Age Minerals -4% 0% -1% -30% -30% 0.35 $27,089,629
SMI Santana Minerals -4% -12% -6% 5% -9% 0.69 $107,119,871
SAU Southern Gold -4% 10% 0% -8% -55% 0.023 $7,206,847
FAL Falconmetals -4% -14% -6% 20% 3% 0.335 $61,950,000
HMG Hamelingoldlimited -4% 10% 11% -24% -31% 0.11 $12,650,000
VRC Volt Resources -5% 5% 0% -30% -61% 0.0105 $43,333,663
IGO IGO Limited -5% -4% 11% -1% -2% 13.325 $10,579,031,348
EMC Everest Metals Corp -5% 12% 9% -4% -46% 0.076 $10,354,649
CPM Coopermetalslimited -5% -8% 27% 49% -22% 0.35 $15,268,290
LCY Legacy Iron Ore -6% 13% 13% -11% -39% 0.017 $115,322,872
PUR Pursuit Minerals -6% -11% -15% 6% -43% 0.017 $46,553,359
MI6 Minerals260Limited -6% -7% 30% 22% -13% 0.415 $102,960,000
ARV Artemis Resources -6% 0% 14% -36% -76% 0.016 $26,544,112
MDI Middle Island Res -6% -6% -24% -16% -79% 0.032 $4,162,220
TCG Turaco Gold Limited -6% -10% -6% 5% -42% 0.061 $27,801,583
ARL Ardea Resources -6% -11% -24% -46% -79% 0.38 $69,458,623
WWI West Wits Mining -6% -17% 15% -6% -56% 0.015 $35,888,276
CLA Celsius Resource -6% -6% 0% -6% -40% 0.015 $29,963,493
BTR Brightstar Resources -6% 7% -6% -12% -50% 0.015 $13,322,061
TGM Theta Gold Mines -6% -15% 34% 10% -42% 0.075 $49,852,154
GRL Godolphin Resources -7% -5% 29% -1% -41% 0.082 $10,416,511
MRZ Mont Royal Resources -7% -8% -41% -47% -75% 0.092 $6,779,784
BBX BBX Minerals -7% -10% -31% -28% -42% 0.076 $41,469,161
AAU Antilles Gold -8% -8% -8% 13% -48% 0.034 $18,030,501
AZS Azure Minerals -8% -8% 38% 71% 8% 0.385 $163,899,150
ANX Anax Metals -8% -6% 5% 23% -48% 0.065 $29,067,033
TRM Truscott Mining Corp -9% -9% -9% 5% -14% 0.043 $7,856,382
SRN Surefire Rescs NL -9% -9% -9% 75% -30% 0.021 $36,371,360
ASR Asra Minerals -9% -5% -17% -50% -64% 0.01 $16,138,305
NAG Nagambie Resources -9% -19% -17% -41% -22% 0.039 $23,034,833
KZR Kalamazoo Resources -10% -18% 0% -33% -70% 0.14 $23,419,037
M2R Miramar -10% 0% 5% -44% -78% 0.045 $3,906,087
STK Strickland Metals -10% -18% 0% -10% -46% 0.036 $62,197,684
DTR Dateline Resources -11% 0% -11% -54% -87% 0.017 $12,232,572
PRS Prospech Limited -11% -32% 4% -7% -52% 0.025 $2,843,215
OZM Ozaurum Resources -11% -3% 38% -12% -63% 0.058 $8,255,000
CDR Codrus Minerals -12% -4% 22% -15% 21% 0.11 $5,053,750
BYH Bryah Resources -13% -13% 11% -19% -63% 0.021 $6,750,083
M24 Mamba Exploration -13% -13% 38% -28% -30% 0.105 $7,318,001
TMB Tambourahmetals -16% -16% 21% 0% -61% 0.105 $5,149,075
TMX Terrain Minerals -17% -17% 0% -17% -55% 0.005 $6,499,196
SIH Sihayo Gold Limited -20% 0% 0% 0% -33% 0.002 $15,255,320
MTH Mithril Resources -20% 0% 0% -43% -78% 0.002 $8,157,725
NES Nelson Resources. -20% -20% -33% -43% -78% 0.004 $2,942,972
NXM Nexus Minerals -21% -23% -18% -33% -59% 0.135 $55,327,063
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Small Cap Standouts

GBM RESOURCES (ASX:GBZ)

GBZ offloaded its remaining 50% share of the non-core Malmsbury gold project to Novo Resources (TSX:NVO) for $1m cash and 4m NVO shares (worth ~$1.5m at current prices).

It also keeps a 2.5% net smelter royalty (NSR), which is a percentage of revenue the company could receive in the future from gold sales.

For GBZ, it’s a zero-risk way to retain exposure to the project.

Its focus is on the Drummond Basin in Queensland where it has expanded JORC resources to ~1.84Moz of gold across the Mt Coolon, Yandan and Twin Hills projects.

In October last year it inked a $25m farm-in agreement with gold giant Newcrest (ASX:NCM) over the 330,000oz Mt Coolon.

The deal frees up GBZ to focus its efforts (and money) on Twin Hills and Yandan, which have a combined resource of ~1.38Moz.

2023 will see an expanded drilling program “which is aiming to define 2-3Moz and support GBZ’s transition into a mid-tier Australian gold company”, it says.

 

ORA BANDA MINING (ASX:OBM)

The junior gold miner has made a “significant lithium discovery” at its Davyhurst project in the WA goldfields.

OBM’s main game remains gold, but as part of a ‘3-Year Strategy to Create Value from investing in Exploration’,  a small team is focussed on lithium.

OBM has historically struggled to make a go of its troubled Davyhurst gold operation near Kalgoorlie.

Ongoing cost and performance issues prompting the company to initiate a strategic review and ‘reset’ of its operations earlier last year.

It has now offloaded $14.2m worth of non-core projects and approved development of the 303,000oz at 4.1g/t Riverina Underground, which is fully funded.

Steady state production is pencilled in for Q4, FY24, when it will churn out ~600,000t of ore per annum at estimated all in sustaining costs of less than $1,650/oz.

The aspiring 100,000ozpa miner has rebounded strongly with a 430% gain since MD Luke Creagh, a veteran mining engineer who was COO at Australia’s #2 gold miner Northern Star Resources (ASX:NST), took control mid last year.