Gold Digger: The number of multi-bagger stocks is rocketing higher
Mining
Mining
Over the past year, 101 of the 147 gold-focused stocks on our list have made gains – 60 of these by 100 per cent or more.
That’s a big jump from last month, when 38 gold stocks had recorded 12-month gains of 100 per cent or more.
Amazing stuff.
This week, the precious metal held its ground above ~$US1,800/oz ($2,599/oz), and just 34 of the stocks on our list finished in negative territory.
Commodities analyst Barani Krishnan says gold is being propped up “on the lower end” by expectations of more COVID-19 based stimulus for the US economy.
“[But] that could ultimately debase the currency and prop up alternatives like the precious metal,” he says.
“Gold, at best, can be described as being torn between its safe-haven bona fides — which are prompting money managers to sell on risk-on behaviour in markets — and its inflation-hedge characteristics — which are driving a swarm of capital to seek refuge in the yellow metal.
“Ultimately, real rates could continue to drive gold prices higher as normalising inflation expectations and suppressed rates will provide fuel for the trade.”
In other words — $US1,900/oz here we come.
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 |
---|---|---|---|---|---|
ONX | ORMINEX | 13 | -77 | 0.035 | $ 17,790,372.00 |
AMG | AUSMEX MINING GROUP | 3 | -74 | 0.03 | $ 16,427,049.00 |
GED | GOLDEN DEEPS | 11 | -64 | 0.01 | $ 3,507,607.00 |
GWR | GWR GROUP | 15 | -50 | 0.07 | $ 16,045,862.00 |
DHR | DARK HORSE RESOURCES | 0 | -50 | 0.0025 | $ 7,360,157.50 |
SMI | SANTANA MINERALS | 0 | -50 | 0.002 | $ 6,709,864.00 |
PRX | PRODIGY GOLD | 22 | -38 | 0.071 | $ 36,579,540.00 |
DGR | DGR GLOBAL | 7 | -36 | 0.06 | $ 42,922,748.00 |
GBR | GREAT BOULDER RESOURCES | 36 | -33 | 0.038 | $ 4,937,798.00 |
SFM | SANTA FE MINERALS | 13 | -30 | 0.07 | $ 5,097,315.00 |
BBX | BBX MINERALS | 16 | -29 | 0.185 | $ 70,948,088.00 |
RND | RAND MINING | 5 | -27 | 2.19 | $ 130,522,192.00 |
CGN | CRATER GOLD MINING | 0 | -25 | 0.009 | $ 12,274,959.00 |
ANL | AMANI GOLD | 0 | -25 | 0.0015 | $ 11,757,295.00 |
E2M | E2 METALS | -3 | -25 | 0.175 | $ 21,648,030.00 |
VAN | VANGO MINING | 14 | -24 | 0.125 | $ 99,767,344.00 |
BRB | BREAKER RESOURCES | -4 | -24 | 0.27 | $ 61,299,820.00 |
LNY | LANEWAY RESOURCES | -7 | -22 | 0.007 | $ 33,615,592.00 |
TTM | TITAN MINERALS | 48 | -22 | 0.135 | $ 109,204,264.00 |
DTR | DATELINE RESOURCES | 33 | -20 | 0.002 | $ 16,420,156.00 |
MLL | MALI LITHIUM | 24 | -18 | 0.13 | $ 41,255,256.00 |
BYH | BRYAH RESOURCES | 30 | -14 | 0.07 | $ 7,284,288.00 |
ARL | ARDEA RESOURCES | 2 | -13 | 0.29 | $ 31,671,118.00 |
KWR | KINGWEST RESOURCES | -10 | -13 | 0.14 | $ 16,761,989.00 |
RSG | RESOLUTE MINING | 3 | -10 | 1.21 | $ 1,339,934,720.00 |
NWM | NORWEST MINERALS | 20 | -10 | 0.18 | $ 15,091,232.00 |
GMN | GOLD MOUNTAIN | 0 | -9 | 0.068 | $ 47,576,368.00 |
BAR | BARRA RESOURCES | 18 | -5 | 0.02 | $ 11,930,315.00 |
FML | FOCUS MINERALS | 11 | -4 | 0.27 | $ 43,859,656.00 |
A1G | AFRICAN GOLD | 15 | -3 | 0.15 | $ 9,119,471.00 |
PUA | PURE ALUMINA | 43 | -3 | 0.03 | $ 8,116,248.50 |
VKA | VIKING MINES | 10 | 0 | 0.011 | $ 3,450,896.50 |
MLS | METALS AUSTRALIA | 0 | 0 | 0.002 | $ 4,811,029.00 |
ERM | EMMERSON RESOURCES | -4 | 0 | 0.11 | $ 46,733,928.00 |
CTO | CITIGOLD CORP | -9 | 0 | 0.005 | $ 13,005,866.00 |
KGM | KALNORTH GOLD MINES | -18 | 0 | 0.009 | $ 8,048,160.50 |
VRC | VOLT RESOURCES | -5 | 1 | 0.02 | $ 39,875,572.00 |
TRY | TROY RESOURCES | -2 | 1 | 0.087 | $ 53,725,420.00 |
RRL | REGIS RESOURCES | 4 | 8 | 5.55 | $ 2,800,404,736.00 |
NCM | NEWCREST MINING | 3 | 9 | 33.15 | $ 27,028,301,824.00 |
RED | RED 5 | 7 | 9 | 0.24 | $ 450,534,432.00 |
TBR | TRIBUNE RESOURCES | 2 | 11 | 7.15 | $ 375,146,752.00 |
MML | MEDUSA MINING | -1 | 13 | 0.715 | $ 145,456,016.00 |
OKR | OKAPI RESOURCES | 16 | 16 | 0.185 | $ 6,848,144.50 |
DAU | DAMPIER GOLD | 7 | 16 | 0.029 | $ 7,235,622.00 |
GMR | GOLDEN RIM RESOURCES | -7 | 18 | 0.014 | $ 19,131,946.00 |
MAT | MATSA RESOURCES | 7 | 19 | 0.16 | $ 34,060,104.00 |
SBM | ST BARBARA | 13 | 21 | 3.66 | $ 2,545,202,432.00 |
WMX | WILUNA MINING | -1 | 21 | 1.42 | $ 145,411,360.00 |
WGX | WESTGOLD RESOURCES | 2 | 25 | 2.255 | $ 928,708,928.00 |
NAG | NAGAMBIE RESOURCES | 6 | 25 | 0.055 | $ 25,996,482.00 |
AAJ | ARUMA RESOURCES | 0 | 25 | 0.005 | $ 4,107,069.50 |
SAU | SOUTHERN GOLD | 4 | 27 | 0.125 | $ 17,324,382.00 |
LEX | LEFROY EXPLORATION | 26 | 29 | 0.28 | $ 27,131,422.00 |
NST | NORTHERN STAR RESOURCES | 5 | 30 | 14.49 | $ 10,983,841,792.00 |
TAM | TANAMI GOLD | 5 | 31 | 0.063 | $ 76,381,304.00 |
DCN | DACIAN GOLD | -6 | 32 | 0.415 | $ 228,068,560.00 |
AQI | ALICANTO MINERALS | -2 | 33 | 0.064 | $ 15,201,271.00 |
CYL | CATALYST METALS | 6 | 38 | 2.8 | $ 223,303,184.00 |
HRZ | HORIZON MINERALS | 22 | 41 | 0.145 | $ 67,946,280.00 |
KRM | KINGSROSE MINING | 19 | 43 | 0.05 | $ 34,310,344.00 |
CXU | CAULDRON ENERGY | 38 | 47 | 0.022 | $ 8,278,376.50 |
EVN | EVOLUTION MINING | 5 | 47 | 6.12 | $ 10,328,749,056.00 |
MSR | MANAS RESOUCES | 0 | 50 | 0.006 | $ 15,858,975.00 |
BCN | BEACON MINERALS | 5 | 52 | 0.04 | $ 117,435,456.00 |
ALY | ALCHEMY RESOURCES | -13 | 56 | 0.022 | $ 11,010,487.00 |
NES | NELSON RESOURCES | 15 | 60 | 0.054 | $ 6,199,315.50 |
KCN | KINGSGATE CONSOLIDATED | 4 | 60 | 0.42 | $ 95,014,896.00 |
GOR | GOLD ROAD RESOURCES | 9 | 63 | 1.8625 | $ 1,631,868,928.00 |
EMR | EMERALD RESOURCES | 9 | 64 | 0.625 | $ 295,836,480.00 |
NXM | NEXUS MINERALS | 27 | 65 | 0.075 | $ 11,809,822.00 |
MEI | METEORIC RESOURCES | -10 | 65 | 0.036 | $ 44,327,316.00 |
AVW | AVIRA RESOURCES | 67 | 67 | 0.005 | $ 6,875,000.00 |
MKG | MAKO GOLD | 30 | 67 | 0.16 | $ 16,952,584.00 |
AOP | APOLLO CONSOLIDATED | 12 | 67 | 0.385 | $ 102,256,328.00 |
BDC | BARDOC GOLD | 0 | 68 | 0.088 | $ 118,635,784.00 |
BGL | BELLEVUE GOLD | 14 | 70 | 1.08 | $ 766,697,920.00 |
AYR | ALLOY RESOURCES | 31 | 70 | 0.033 | $ 9,725,670.00 |
GML | GATEWAY MINING | -5 | 73 | 0.019 | $ 25,452,704.00 |
TAR | TARUGA MINERALS | 16 | 75 | 0.037 | $ 15,230,859.00 |
SAR | SARACEN MINERAL HOLDINGS | 10 | 75 | 6.05 | $ 6,739,277,824.00 |
CDV | CARDINAL RESOURCES | -6 | 76 | 0.595 | $ 310,354,464.00 |
VMC | VENUS METALS | -7 | 84 | 0.285 | $ 45,323,604.00 |
SLR | SILVER LAKE RESOURCES | 3 | 85 | 2.29 | $ 1,970,850,816.00 |
CAI | CALIDUS RESOURCES | 6 | 86 | 0.63 | $ 123,033,304.00 |
DTM | DART MINING | 23 | 90 | 0.19 | $ 11,618,662.00 |
HMX | HAMMER METALS | 2 | 91 | 0.044 | $ 23,150,262.00 |
OAU | ORA GOLD | 20 | 100 | 0.017 | $ 11,480,952.00 |
SIH | SIHAYO GOLD | 4 | 100 | 0.028 | $ 54,542,020.00 |
NUS | NUSANTARA RESOURCES | 3 | 100 | 0.34 | $ 64,813,172.00 |
AME | ALTO METALS | -5 | 103 | 0.069 | $ 19,949,418.00 |
TSO | TESORO RESOURCES | 12 | 109 | 0.081 | $ 36,047,976.00 |
ARM | AURORA MINERALS | 0 | 110 | 0.023 | $ 5,153,864.50 |
CWX | CARAWINE RESOURCES | 14 | 112 | 0.19 | $ 16,226,463.00 |
AGS | ALLIANCE RESOURCES | 6 | 113 | 0.18 | $ 30,311,014.00 |
TNR | TORIAN RESOURCES | 4 | 120 | 0.019 | $ 13,597,243.00 |
AAR | ANGLO AUSTRALIAN RESOURCES | -13 | 130 | 0.14 | $ 74,685,784.00 |
STN | SATURN METALS | 1 | 130 | 0.775 | $ 67,723,560.00 |
TLM | TALISMAN MINING | 13 | 131 | 0.18 | $ 33,593,108.00 |
SVL | SILVER MINES | 9 | 131 | 0.115 | $ 111,027,184.00 |
ARS | ALT RESOURCES | -2 | 135 | 0.047 | $ 28,580,744.00 |
RML | RESOLUTION MINERALS | 10 | 137 | 0.09 | $ 20,230,502.00 |
GNM | GREAT NORTHERN MINERALS | 20 | 140 | 0.025 | $ 17,263,830.00 |
ARV | ARTEMIS RESOURCES | 11 | 141 | 0.075 | $ 64,096,808.00 |
NVA | NOVA MINERALS | 0 | 148 | 0.057 | $ 58,317,148.00 |
GBZ | GBM RESOURCES | -2 | 148 | 0.086 | $ 24,766,038.00 |
PRU | PERSEUS MINING | 14 | 149 | 1.465 | $ 1,652,210,432.00 |
TSC | TWENTY SEVEN CO | 0 | 150 | 0.0055 | $ 8,917,925.00 |
OKU | OKLO RESOURCES | 9 | 154 | 0.31 | $ 139,332,384.00 |
PGI | PANTERRA GOLD | -6 | 161 | 0.048 | $ 10,147,366.00 |
RMS | RAMELIUS RESOURCES | 6 | 166 | 2.05 | $ 1,668,325,760.00 |
CMM | CAPRICORN METALS | 4 | 168 | 1.865 | $ 602,948,736.00 |
HAW | HAWTHORN RESOURCES | -3 | 173 | 0.155 | $ 51,694,920.00 |
GUL | GULLEWA | -6 | 174 | 0.085 | $ 13,790,022.00 |
MOH | MOHO RESOURCES | 33 | 175 | 0.145 | $ 8,279,822.00 |
AWV | ANOVA METALS | 7 | 184 | 0.03 | $ 36,164,204.00 |
AUC | AUSGOLD | 10 | 188 | 0.048 | $ 45,354,180.00 |
ADN | ANDROMEDA METALS | -6 | 194 | 0.051 | $ 78,252,528.00 |
WAF | WEST AFRICAN RESOURCES | 16 | 194 | 1.0275 | $ 839,839,360.00 |
MAU | MAGNETIC RESOURCES | 11 | 195 | 1.42 | $ 288,970,976.00 |
MDI | MIDDLE ISLAND RESOURCES | 9 | 200 | 0.023 | $ 52,959,940.00 |
CDT | CASTLE MINERALS | 7 | 200 | 0.015 | $ 5,838,469.00 |
BC8 | BLACK CAT SYNDICATE | 4 | 200 | 1 | $ 83,433,616.00 |
ALK | ALKANE RESOURCES | 0 | 206 | 1.26 | $ 742,442,624.00 |
CY5 | CYGNUS GOLD | 11 | 213 | 0.15 | $ 11,737,662.00 |
WWI | WEST WITS MINING | 0 | 214 | 0.023 | $ 23,531,904.00 |
HRN | HORIZON GOLD | 13 | 230 | 0.495 | $ 36,734,696.00 |
SLZ | SULTAN RESOURCES | 20 | 240 | 0.18 | $ 10,552,554.00 |
MEU | MARMOTA | -8 | 253 | 0.06 | $ 50,723,532.00 |
TIE | TIETTO MINERALS | 16 | 273 | 0.625 | $ 208,648,704.00 |
BRV | BIG RIVER GOLD | 13 | 278 | 0.034 | $ 38,221,544.00 |
RGL | RIVERSGOLD | -14 | 305 | 0.065 | $ 20,955,988.00 |
MTH | MITHRIL RESOURCES | 0 | 317 | 0.025 | $ 38,286,508.00 |
MCT | METALICITY | -3 | 333 | 0.0305 | $ 41,933,816.00 |
GSN | GREAT SOUTHERN MINING | 18 | 346 | 0.17 | $ 63,254,844.00 |
TMX | TERRAIN MINERALS | 13 | 350 | 0.009 | $ 5,785,288.00 |
KZR | KALAMAZOO RESOURCES | 0 | 382 | 0.78 | $ 101,004,608.00 |
DGO | DGO GOLD | -17 | 392 | 3.2 | $ 197,555,488.00 |
SKY | SKY METALS | -8 | 400 | 0.225 | $ 76,225,280.00 |
GSM | GOLDEN STATE MINING | -25 | 418 | 0.425 | $ 24,749,208.00 |
KTA | KRAKATOA RESOURCES | 59 | 426 | 0.1 | $ 21,875,000.00 |
BNR | BULLETIN RESOURCES | 8 | 463 | 0.085 | $ 16,136,377.00 |
RXL | ROX RESOURCES | 1 | 538 | 0.083 | $ 171,062,672.00 |
PDI | PREDICTIVE DISCOVERY | 6 | 635 | 0.087 | $ 68,382,560.00 |
CHN | CHALICE GOLD MINES | 26 | 670 | 1.15 | $ 318,714,048.00 |
DEG | DE GREY MINING | -13 | 1083 | 0.835 | $ 1,079,228,928.00 |
AUT | AUTECO | 26.7 | 3700 | 0.19 | $260,470,000 |
Krakatoa Resources (ASX:KTA) is adding to its portfolio of Lachlan Fold Belt copper-gold projects.
The junior explorer has an application over the Rand project, which its believes is prospective for multi-million-ounce gold deposits.
Rand includes the historic Bulgandra Goldfield, where old timers dug out high grades up to 265 grams per tonne (g/t) gold from exposed quartz veins.
Krakatoa been a quiet bolter, up 59 per cent this week for a strong 12-month return of +426 per cent.
Advanced explorer Titan Minerals (ASX:TTM) has made two key personnel appointments designed to fast-track exploration at its gold projects in Ecuador.
“The appointment of highly experienced Freddy Villao, as vice president of government affairs, will strengthen the company’s position within Ecuador and support all aspects of engagement with both local and national government departments,” Titan says.
“In addition, Sinisa Glisic has been appointed as the in-country exploration manager, who brings a cache of technical experience and a strong track record in resource definition and project development in Ecuador.”
The Dynasty project has a non-JORC resource estimate of 2.1 million ounces at 4.5g/t gold.
Titan plans to conduct a drilling campaign across Dynasty and deliver a JORC resource during Q4 2020.
The stock was up 48 per cent for the week.
Minnow Dart Mining (ASX:DTM) reckons it has identified a new style of gold mineralisation at the historic Sandy Creek and Tallandoon gold fields in northeast Victoria.
Dart’s exploration focus has now shifted from the extremely high grade but narrow gold veins to the lower grade but higher volume stuff.
The former lithium stock is now up 23 per cent for the week and 90 per cent over the last 12 months.
Sultan Resources (ASX:SLZ) got a nice 20 per cent bump after defining a 1km by 0.4km low-grade gold and copper soil anomaly during initial sampling at the Ringaroo project in NSW’s Lachlan Fold Belt.
The high-priority Ringaroo porphyry target is undrilled and remains open to the south, west and north, the explorer says.
And launching new drilling campaigns this week were WA explorers Great Boulder Resources (ASX:GBR) +36 per cent, Moho Resources (ASX:MOH) +33 per cent, and Bryah Resources (ASX:BYH) +30 per cent.