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Gold Digger: These analysts reckon gold’s odds on to hit US$3000. You read that right!
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- Gold hit an all-time high this week of US$2483.60
- Shaw & Partners predicts US$3000/oz for 2025 and 2026
- Labyrinth navigates gold acquisitions for a 180% gain
Our Gold Digger column wraps all the news driving ASX stocks with exposure to precious metals.
This week’s episode of ‘Only in America’ saw Trump literally earmarked to become the next president after surviving an assassination attempt at a Pennsylvania rally. If he hadn’t moved his head at the last second imagine what that would’ve meant for gold, master of uncertainty and chaos.
Gold is still forecast to go gangbusters. As it hit all-time highs of US$2483.60 earlier this week analysts are pegging a continued rise for bullion ahead of expected US Fed interest rate cuts and a US Election outcome which, either way, is unlikely to make the world any more stable.
Gold bulls see prices rise
Finance analysts Shaw & Partners have gone bullish on gold, upgrading price predictions almost 40% over the next 24 months, with new outlooks rocketing from US$2250 in 2025 and US$2150 for 2026 up to US$3000 for both years.
The group proposes an overweight exposure to bullion – with strong buy recommendations for a bunch of ASX listed goldies from head of research Andrew Hines, along with fellow analysts Peter Kormendy and Dorab Postmaster:
Ramelius Resources (ASX:RMS) BUY, $2.73 – Ramelius is one of the lowest cost significant (+200Kozpa) gold producers on the ASX.
Genesis Minerals (ASX:GMD) BUY, $2.75 – Genesis has the asset base and management to develop into a 400kozpa gold producer.
Southern Cross Gold (ASX:SXG), BUY, $3.26 – Southern Cross Gold is looking to double its exploration target to 3Moz in the next 12 months.
Black Cat Syndicate (ASX:BC8), BUY, $0.86 – Black Cat is on track to achieving a production rate of +70kozpa from two assets by mid-2025.
Saturn Metals (ASX:STN) BUY, $0.37 – The first phase of the Apollo Hill project will involve a low-cost starter pit and pilot plant, due to be producing in 2025.
Antipa Minerals (ASX:AZY) BUY, $0.04 – Resource upgrades expected across multiple prospects at Minyari Dome (100% owned).
AuMega Metals (ASX:AAM) BUY, $0.19 – The company has a plethora of high-impact greenfield targets that are currently being tested.
Morgan Stanley echoes the bull run of gold with its own price target for the December quarter this year to come in at US$2650, despite foreseeable market ructions out of the US.
“Continued volatility is likely as incoming US data influences expectations on rate cut timing, but we think the broad direction for gold should be higher,” commodity strategist Amy Gower says.
“While US recession fears are rising, our economists still see a soft landing with a stronger Fed reaction if the data turns weaker, either of which should support investor gold inflows.”
The shiny currency of war
Yet the most consistent underlying upward pressure on prices is the plain, simple and unmitigated fact that gold is the world’s conflict currency.
The war in Ukraine is still ticking along just as heatedly as it was when it was deemed newsworthy enough for a 15-minute lead segment across nightly news cycles.
Paying for the conflict still costs about US$250 billion each year – roughly the same value as the 3000 tonnes (adding about an extra 1% each year to the total stockpile) of annual global gold production.
And unfortunately, it’s fair to say that waging war is as consistent a human reality as death and taxes.
Turning to ASX-listed goldies, we’ve got a few tasty stocks that have been in the news this week to whet your appetite.
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 | PRICE | WEEK RETURN% | MONTH RETURN % | 6 MONTH RETURN % | YEAR RETURN % | MARKET CAP |
|---|---|---|---|---|---|---|---|
| LRL | Labyrinth Resources | $0.01 | 200% | 100% | 140% | 50% | $16,625,612 |
| NSM | Northstaw | $0.02 | 18% | -59% | 82% | -73% | $2,797,516 |
| PKO | Peako Limited | $0.00 | 30% | 30% | 73% | -35% | $2,846,152 |
| M2R | Miramar | $0.01 | 29% | -58% | 57% | -74% | $2,566,067 |
| MCT | Metalicity Limited | $0.00 | 50% | 50% | 50% | 50% | $8,971,705 |
| MDI | Middle Island Res | $0.02 | 50% | 24% | 50% | -33% | $3,703,518 |
| CY5 | Cygnus Metals Ltd | $0.06 | 21% | -37% | 47% | -80% | $17,601,548 |
| FEG | Far East Gold | $0.18 | 67% | 30% | 46% | -42% | $50,229,433 |
| REZ | Resources & Energy Group | $0.02 | 83% | 69% | 38% | 10% | $11,316,185 |
| FAL | Falcon Metals | $0.35 | 43% | 180% | 32% | 63% | $61,065,000 |
| ADN | Andromeda Metals Ltd | $0.02 | 11% | -19% | 31% | -43% | $71,536,231 |
| KNB | Koonenberry Gold | $0.02 | 0% | -72% | 31% | -32% | $4,892,387 |
| PUA | Peak Minerals Ltd | $0.01 | 67% | 67% | 25% | 43% | $5,986,883 |
| BYH | Bryah Resources Ltd | $0.01 | -29% | -62% | 25% | -71% | $2,516,434 |
| FG1 | Flynn Gold | $0.03 | 39% | -39% | 23% | -39% | $6,618,162 |
| GSM | Golden State Mining | $0.01 | 26% | 0% | 20% | -66% | $3,352,448 |
| ZAG | Zuleika Gold Ltd | $0.02 | -5% | -10% | 20% | 20% | $13,335,839 |
| NES | Nelson Resources | $0.00 | 0% | -40% | 20% | -50% | $1,227,189 |
| CST | Castile Resources | $0.08 | 5% | 28% | 19% | 6% | $19,594,097 |
| OZM | Ozaurum Resources | $0.06 | 21% | -45% | 18% | 23% | $10,160,000 |
| HAW | Hawthorn Resources | $0.07 | 1% | -28% | 18% | -51% | $23,451,093 |
| CYL | Catalyst Metals | $1.78 | 89% | 162% | 18% | 137% | $395,265,277 |
| HMG | Hamelin Gold | $0.10 | 25% | 28% | 18% | -9% | $15,750,000 |
| MEK | Meeka Metals Limited | $0.04 | 21% | 0% | 18% | 14% | $50,623,066 |
| FXG | Felix Gold Limited | $0.05 | -4% | 2% | 18% | -53% | $10,017,159 |
| TBR | Tribune Resources | $3.91 | 16% | 33% | 17% | 12% | $205,150,181 |
| EMC | Everest Metals Corp | $0.14 | 8% | 75% | 17% | -25% | $22,178,220 |
| RGL | Rivers Gold | $0.01 | 17% | -36% | 17% | -42% | $7,862,249 |
| PNT | Panther Metals | $0.04 | 24% | -40% | 16% | -49% | $3,137,982 |
| CAZ | Cazaly Resources | $0.02 | 15% | -15% | 15% | -43% | $9,687,363 |
| PNM | Pacific Nickel Mines | $0.02 | -25% | -60% | 14% | -70% | $10,038,075 |
| TRE | Toubani Res Ltd | $0.20 | 14% | 67% | 14% | 5% | $33,466,416 |
| ARN | Aldoro Resources | $0.08 | 24% | -2% | 14% | -41% | $11,173,771 |
| AUN | Aurumin | $0.04 | 5% | 37% | 14% | 52% | $18,684,266 |
| LCY | Legacy Iron Ore | $0.02 | 21% | 6% | 13% | -15% | $131,130,320 |
| PGD | Peregrine Gold | $0.22 | 5% | -33% | 13% | -25% | $13,575,684 |
| MM8 | Medallion Metals | $0.06 | 19% | 5% | 13% | -19% | $19,999,470 |
| AUC | Ausgold Limited | $0.04 | 9% | 46% | 12% | -16% | $113,247,790 |
| AVM | Advance Metals Ltd | $0.03 | 32% | -13% | 12% | -78% | $3,926,961 |
| HMX | Hammer Metals Ltd | $0.04 | 21% | -5% | 11% | -47% | $36,342,701 |
| VRC | Volt Resources Ltd | $0.01 | 0% | -23% | 11% | -55% | $16,634,713 |
| GIB | Gibb River Diamonds | $0.04 | -13% | 32% | 11% | 14% | $8,460,378 |
| SSR | SSR Mining Inc | $7.89 | 14% | -48% | 11% | -63% | $34,521,302 |
| ZNC | Zenith Minerals Ltd | $0.05 | -25% | -68% | 11% | -44% | $19,380,949 |
| OBM | Ora Banda Mining Ltd | $0.43 | 13% | 87% | 10% | 274% | $826,651,444 |
| NMR | Native Mineral Res | $0.02 | -24% | 38% | 10% | -39% | $4,197,010 |
| MKG | Mako Gold | $0.01 | 10% | 22% | 10% | -63% | $10,248,086 |
| OAU | Ora Gold Limited | $0.01 | 22% | -21% | 10% | -8% | $39,276,378 |
| GMD | Genesis Minerals | $2.15 | 22% | 35% | 10% | 65% | $2,412,292,284 |
| VMC | Venus Metals Cor Ltd | $0.08 | 7% | -16% | 9% | -35% | $15,178,295 |
| GNM | Great Northern | $0.01 | 0% | -37% | 9% | -54% | $1,855,549 |
| AZY | Antipa Minerals Ltd | $0.01 | 0% | -20% | 9% | -25% | $56,520,593 |
| STK | Strickland Metals | $0.10 | -12% | -1% | 9% | 162% | $210,183,815 |
| BNR | Bulletin Res Ltd | $0.05 | 26% | -51% | 9% | -17% | $13,799,826 |
| A1G | African Gold Ltd. | $0.03 | 9% | -21% | 9% | -45% | $5,980,393 |
| SPD | Southern Palladium | $0.39 | -7% | 22% | 8% | 7% | $33,207,500 |
| WA8 | Warriedar Resources | $0.07 | 39% | 15% | 8% | -15% | $54,006,887 |
| WTM | Waratah Minerals Ltd | $0.28 | 175% | 224% | 8% | 112% | $50,222,059 |
| KCC | Kincora Copper | $0.06 | -13% | 40% | 8% | -19% | $11,691,411 |
| TLM | Talisman Mining | $0.28 | 4% | 19% | 8% | 75% | $54,612,901 |
| NST | Northern Star | $14.30 | 8% | 18% | 8% | 7% | $16,686,117,064 |
| MEI | Meteoric Resources | $0.15 | -15% | -38% | 7% | -38% | $278,616,778 |
| YRL | Yandal Resources | $0.15 | 36% | 36% | 7% | 200% | $41,510,180 |
| KAL | Kalgoorlie Gold Mining | $0.03 | -3% | 15% | 7% | -21% | $4,755,022 |
| TCG | Turaco Gold Limited | $0.23 | 18% | 73% | 7% | 350% | $179,637,334 |
| KRM | Kingsrose Mining Ltd | $0.05 | 2% | 15% | 7% | -35% | $33,111,167 |
| WWI | West Wits Mining Ltd | $0.02 | 23% | 33% | 7% | -11% | $38,125,902 |
| TRM | Truscott Mining Corp | $0.06 | 7% | 29% | 7% | 57% | $11,169,024 |
| SPR | Spartan Resources | $1.05 | 31% | 160% | 7% | 426% | $1,184,337,938 |
| RSG | Resolute Mining | $0.65 | 30% | 57% | 7% | 47% | $1,394,527,759 |
| LYN | Lycaon Resources | $0.33 | 55% | 63% | 7% | 14% | $16,425,295 |
| EVN | Evolution Mining Ltd | $4.00 | 12% | 29% | 6% | 5% | $8,122,240,030 |
| A8G | Australasian Metals | $0.07 | -8% | -48% | 6% | -56% | $3,648,435 |
| MKR | Manuka Resources | $0.04 | -5% | -49% | 6% | -38% | $28,071,636 |
| HRN | Horizon Gold Ltd | $0.30 | 5% | -2% | 5% | -15% | $40,555,178 |
| GSN | Great Southern | $0.02 | 33% | 11% | 5% | 0% | $16,911,674 |
| DEG | De Grey Mining | $1.22 | 19% | 6% | 5% | -16% | $2,959,893,019 |
| AQI | Alicanto Min Ltd | $0.02 | 21% | -35% | 5% | -40% | $12,927,323 |
| S2R | S2 Resources | $0.11 | 5% | -24% | 5% | -46% | $54,342,959 |
| WGX | Westgold Resources. | $2.67 | 17% | 32% | 5% | 64% | $1,294,574,892 |
| GPR | Geopacific Resources | $0.02 | 10% | 44% | 5% | 10% | $20,976,137 |
| HAV | Havilah Resources | $0.24 | 31% | 38% | 4% | 4% | $75,993,410 |
| BNZ | Benz Mining | $0.12 | -11% | -43% | 4% | -74% | $14,025,495 |
| EMU | EMU NL | $0.02 | -8% | -13% | 4% | -56% | $3,262,979 |
| GML | Gateway Mining | $0.03 | 4% | 14% | 4% | -43% | $10,281,945 |
| PXX | Polarx Limited | $0.01 | -4% | 43% | 4% | -1% | $26,656,272 |
| KTA | Krakatoa Resources | $0.01 | 13% | -36% | 4% | -63% | $6,137,394 |
| TNC | True North Copper | $0.05 | 6% | -28% | 4% | -76% | $43,774,510 |
| LAT | Latitude 66 Limited | $0.14 | 6900% | -7% | 4% | -30% | $20,679,331 |
| GBR | Greatbould Resources | $0.06 | -10% | -5% | 4% | -27% | $33,964,409 |
| MAU | Magnetic Resources | $1.20 | 15% | 33% | 3% | 59% | $309,600,712 |
| MXR | Maximus Resources | $0.03 | 3% | -24% | 3% | -9% | $13,265,758 |
| BMR | Ballymore Resources | $0.16 | -6% | 14% | 3% | 7% | $28,276,894 |
| TAM | Tanami Gold NL | $0.03 | 3% | -9% | 3% | -20% | $37,603,105 |
| G50 | G50Corp Ltd | $0.17 | 0% | 38% | 3% | -13% | $21,583,800 |
| GED | Golden Deeps | $0.03 | -17% | -15% | 3% | -62% | $4,244,532 |
| CPM | Cooper Metals | $0.07 | -1% | -78% | 3% | -50% | $5,406,540 |
| KAU | Kaiser Reef | $0.17 | 13% | 33% | 3% | -15% | $34,755,462 |
| KCN | Kingsgate Consolidated | $1.63 | -1% | 33% | 3% | 16% | $433,022,843 |
| NWM | Norwest Minerals | $0.04 | 48% | 42% | 3% | -39% | $14,748,541 |
| USL | Unico Silver Limited | $0.19 | 31% | 81% | 3% | 52% | $56,819,802 |
| RRL | Regis Resources | $1.92 | 12% | -7% | 2% | -13% | $1,476,687,370 |
| GOR | Gold Road Res Ltd | $1.80 | 13% | 7% | 2% | 11% | $1,982,520,550 |
| CMM | Capricorn Metals | $5.37 | 14% | 25% | 2% | 14% | $2,053,752,489 |
| PRU | Perseus Mining Ltd | $2.69 | 15% | 54% | 2% | 52% | $3,755,728,649 |
| ADV | Ardiden Ltd | $0.14 | 4% | -20% | 2% | -53% | $8,439,863 |
| RXL | Rox Resources | $0.15 | 9% | -4% | 2% | -46% | $63,122,547 |
| KZR | Kalamazoo Resources | $0.08 | -6% | -22% | 1% | -48% | $14,389,346 |
| CWX | Carawine Resources | $0.09 | -14% | -18% | 1% | -21% | $20,306,789 |
| WAF | West African Res Ltd | $1.44 | 1% | 54% | 1% | 59% | $1,694,532,279 |
| MTC | Metalstech Ltd | $0.23 | -4% | 5% | 0% | -2% | $46,200,620 |
| G88 | Golden Mile Res Ltd | $0.01 | 0% | -31% | 0% | -78% | $4,523,451 |
| AQX | Alice Queen Ltd | $0.01 | 33% | 14% | 0% | -45% | $9,175,121 |
| SLZ | Sultan Resources Ltd | $0.01 | -20% | -49% | 0% | -80% | $1,580,692 |
| IVR | Investigator Res Ltd | $0.05 | -2% | 41% | 0% | -11% | $79,193,979 |
| MOH | Moho Resources | $0.01 | 71% | -40% | 0% | -57% | $2,695,891 |
| MRZ | Mont Royal Resources | $0.07 | 8% | -40% | 0% | -70% | $5,611,966 |
| PRX | Prodigy Gold NL | $0.00 | 20% | -50% | 0% | -50% | $6,353,323 |
| AAU | Antilles Gold Ltd | $0.00 | -13% | -84% | 0% | -90% | $5,845,711 |
| DRE | Dreadnought Resources Ltd | $0.02 | 10% | -18% | 0% | -62% | $77,287,605 |
| AS1 | Asara Resources Ltd | $0.01 | 0% | -17% | 0% | -70% | $8,821,754 |
| MLS | Metals Australia | $0.02 | -5% | -47% | 0% | -41% | $13,788,671 |
| SRN | Surefire Rescs NL | $0.01 | -13% | -22% | 0% | -56% | $13,904,155 |
| SIH | Sihayo Gold Limited | $0.00 | 0% | 0% | 0% | 0% | $30,510,640 |
| AME | Alto Metals Limited | $0.04 | 3% | -5% | 0% | -42% | $27,417,881 |
| CTO | Citigold Corp Ltd | $0.00 | 0% | -20% | 0% | -20% | $12,000,000 |
| SVG | Savannah Goldfields | $0.04 | 64% | -8% | 0% | -65% | $10,119,057 |
| AAR | Astral Resources NL | $0.08 | 1% | 20% | 0% | 8% | $78,556,593 |
| NAE | New Age Exploration | $0.00 | 0% | -20% | 0% | -20% | $7,175,596 |
| LCL | LCL Resources Ltd | $0.01 | -10% | -40% | 0% | -76% | $7,719,024 |
| RMX | Red Mount Min Ltd | $0.00 | 0% | -62% | 0% | -77% | $3,423,577 |
| PRS | Prospech Limited | $0.04 | 6% | -18% | 0% | 16% | $10,894,599 |
| NML | Navarre Minerals Ltd | $0.02 | 0% | 0% | 0% | 0% | $28,555,654 |
| BCN | Beacon Minerals | $0.03 | 4% | 4% | 0% | -16% | $97,675,972 |
| BC8 | Black Cat Syndicate | $0.36 | 38% | 67% | 0% | -16% | $141,979,393 |
| EMR | Emerald Res NL | $3.96 | 13% | 21% | 0% | 72% | $2,650,695,146 |
| AAJ | Aruma Resources Ltd | $0.01 | -25% | -56% | 0% | -73% | $2,559,590 |
| AL8 | Alderan Resource Ltd | $0.00 | 14% | -20% | 0% | -56% | $4,427,445 |
| GMN | Gold Mountain Ltd | $0.00 | 0% | -25% | 0% | -67% | $9,533,230 |
| TBA | Tombola Gold Ltd | $0.03 | 0% | 0% | 0% | 0% | $33,129,243 |
| ANX | Anax Metals Ltd | $0.03 | -13% | 8% | 0% | -59% | $17,974,245 |
| SFM | Santa Fe Minerals | $0.03 | -20% | -26% | 0% | -29% | $2,330,201 |
| X64 | Ten Sixty Four Ltd | $0.57 | 0% | 0% | 0% | 0% | $130,184,182 |
| SI6 | SI6 Metals Limited | $0.00 | -33% | -60% | 0% | -67% | $4,737,719 |
| SVY | Stavely Minerals Ltd | $0.03 | -20% | -36% | 0% | -69% | $13,662,749 |
| TMZ | Thomson Res Ltd | $0.01 | 0% | 0% | 0% | 0% | $4,881,018 |
| BMO | Bastion Minerals | $0.01 | 0% | -63% | 0% | -79% | $2,610,503 |
| IDA | Indiana Resources | $0.09 | 6% | 8% | 0% | 18% | $53,921,558 |
| CDR | Codrus Minerals Ltd | $0.04 | -27% | -43% | 0% | -50% | $6,119,338 |
| KAI | Kairos Minerals Ltd | $0.01 | 0% | -31% | 0% | -63% | $26,209,122 |
| CAI | Calidus Resources | $0.12 | 0% | -45% | 0% | -41% | $93,678,206 |
| CXU | Cauldron Energy Ltd | $0.03 | -7% | -41% | 0% | 306% | $31,889,796 |
| ALY | Alchemy Resource Ltd | $0.01 | 0% | -11% | 0% | -43% | $8,246,534 |
| HXG | Hexagon Energy | $0.02 | 45% | 60% | 0% | 45% | $6,667,907 |
| AVW | Avira Resources Ltd | $0.00 | 0% | -50% | 0% | -50% | $2,938,790 |
| PDI | Predictive Disc Ltd | $0.21 | 11% | 5% | 0% | 24% | $481,114,907 |
| SBM | St Barbara Limited | $0.23 | 2% | 25% | 0% | -21% | $196,312,891 |
| SBR | Sabre Resources | $0.01 | -18% | -53% | 0% | -60% | $5,501,467 |
| ION | Iondrive Limited | $0.01 | -25% | -25% | 0% | -55% | $5,443,709 |
| XAM | Xanadu Mines Ltd | $0.06 | -2% | 13% | 0% | -31% | $102,960,361 |
| MBK | Metal Bank Ltd | $0.02 | 5% | -15% | 0% | -17% | $8,980,564 |
| TAR | Taruga Minerals | $0.01 | 29% | 13% | 0% | -25% | $6,354,241 |
| DTR | Dateline Resources | $0.01 | -40% | -33% | 0% | -74% | $8,745,282 |
| PUR | Pursuit Minerals | $0.00 | 0% | -57% | 0% | -77% | $10,906,200 |
| ANL | Amani Gold Ltd | $0.00 | 0% | 0% | 0% | 0% | $25,743,441 |
| CLZ | Classic Min Ltd | $0.00 | -67% | -98% | 0% | -98% | $1,006,928 |
| TMB | Tambourahmetals | $0.05 | -26% | -48% | 0% | -76% | $4,064,077 |
| IGO | IGO Limited | $5.91 | -2% | -17% | 0% | -60% | $4,445,162,062 |
| RMS | Ramelius Resources | $1.94 | 5% | 28% | -1% | 45% | $2,287,993,320 |
| RND | Rand Mining Ltd | $1.49 | 5% | 8% | -1% | 21% | $84,460,802 |
| ALK | Alkane Resources Ltd | $0.53 | -2% | -7% | -1% | -34% | $331,919,768 |
| FFM | Firefly Metals Ltd | $0.80 | 15% | 51% | -1% | 37% | $403,794,688 |
| KSN | Kingston Resources | $0.08 | 1% | 7% | -1% | -1% | $56,561,598 |
| ERM | Emmerson Resources | $0.06 | 13% | 27% | -2% | -5% | $33,772,007 |
| POL | Polymetals Resources | $0.29 | 12% | 2% | -2% | 7% | $54,651,790 |
| KIN | KIN Min NL | $0.06 | 0% | -5% | -2% | 41% | $68,332,732 |
| HCH | Hot Chili Ltd | $0.95 | 3% | -3% | -2% | -35% | $140,751,042 |
| ARL | Ardea Resources Ltd | $0.46 | -11% | 6% | -2% | -37% | $91,854,141 |
| GUL | Gullewa Limited | $0.07 | 0% | 29% | -3% | 29% | $14,948,436 |
| SKY | SKY Metals Ltd | $0.03 | 6% | -8% | -3% | -35% | $20,634,361 |
| MTH | Mithril Resources | $0.17 | -3% | -18% | -3% | -34% | $16,925,077 |
| SMI | Santana Minerals Ltd | $1.16 | 10% | -11% | -3% | 104% | $244,665,688 |
| LEX | Lefroy Exploration | $0.08 | -4% | -49% | -4% | -66% | $16,036,679 |
| QML | Qmines Limited | $0.05 | -5% | -28% | -4% | -60% | $12,622,009 |
| RED | Red 5 Limited | $0.41 | -10% | 40% | -4% | 103% | $2,823,026,454 |
| CEL | Challenger Gold Ltd | $0.05 | -9% | -26% | -4% | -45% | $75,804,361 |
| MAT | Matsa Resources | $0.03 | -7% | -11% | -4% | -29% | $13,761,879 |
| AWJ | Auric Mining | $0.23 | 39% | 92% | -4% | 400% | $34,167,275 |
| MEU | Marmota Limited | $0.04 | -4% | 0% | -4% | 16% | $47,809,447 |
| CBY | Canterbury Resources | $0.04 | -4% | 72% | -4% | 43% | $7,384,859 |
| AMI | Aurelia Metals Ltd | $0.21 | 20% | 110% | -5% | 123% | $363,686,385 |
| TMS | Tennant Minerals Ltd | $0.02 | -5% | -36% | -5% | -43% | $21,029,589 |
| AGC | AGC Ltd | $0.31 | -3% | 369% | -5% | 455% | $74,872,656 |
| MRR | Minrex Resources Ltd | $0.01 | -5% | -32% | -5% | -37% | $10,306,241 |
| AM7 | Arcadia Minerals | $0.04 | -24% | -46% | -5% | -68% | $4,447,904 |
| DTM | Dart Mining NL | $0.02 | -10% | 20% | -5% | -53% | $4,910,225 |
| HRZ | Horizon | $0.04 | -8% | -3% | -5% | -8% | $39,149,569 |
| THR | Thor Energy PLC | $0.02 | 6% | -56% | -6% | -62% | $3,995,417 |
| STN | Saturn Metals | $0.17 | -11% | -8% | -6% | 0% | $48,936,826 |
| ARD | Argent Minerals | $0.02 | 13% | 89% | -6% | 13% | $24,368,236 |
| NPM | Newpeak Metals | $0.02 | -20% | -6% | -6% | -82% | $4,762,214 |
| BCM | Brazilian Critical | $0.02 | 0% | -36% | -6% | -70% | $13,291,831 |
| GRL | Godolphin Resources | $0.02 | -16% | -62% | -6% | -62% | $3,422,260 |
| BGD | Barton Gold holdings | $0.24 | -16% | 0% | -6% | -6% | $54,664,731 |
| BTR | Brightstar Resources | $0.02 | 7% | 14% | -6% | 45% | $80,277,801 |
| ORN | Orion Minerals Ltd | $0.02 | 0% | 23% | -6% | -6% | $98,527,224 |
| IPT | Impact Minerals | $0.02 | -12% | 25% | -6% | 0% | $48,950,939 |
| EM2 | Eagle Mountain | $0.06 | 9% | -18% | -6% | -51% | $23,572,495 |
| PNR | Pantoro Limited | $0.09 | 5% | 93% | -6% | 2% | $580,862,746 |
| TTM | Titan Minerals | $0.04 | 17% | 83% | -7% | -39% | $82,727,056 |
| FML | Focus Minerals Ltd | $0.14 | -15% | -22% | -7% | -28% | $38,685,417 |
| GWR | GWR Group Ltd | $0.08 | -8% | -6% | -7% | -2% | $25,697,332 |
| CLA | Celsius Resource Ltd | $0.01 | 18% | 18% | -7% | -48% | $33,990,778 |
| NXM | Nexus Minerals Ltd | $0.04 | -5% | -14% | -7% | -34% | $14,784,285 |
| M24 | Mamba Exploration | $0.01 | -29% | -78% | -8% | -82% | $2,577,152 |
| SNG | Siren Gold | $0.07 | -21% | 0% | -8% | -40% | $14,875,740 |
| GAL | Galileo Mining Ltd | $0.17 | -26% | -23% | -8% | -70% | $34,584,362 |
| SFR | Sandfire Resources | $8.34 | -2% | 27% | -8% | 35% | $3,947,065,430 |
| ILT | Iltani Resources Lim | $0.22 | -21% | 16% | -8% | -8% | $7,822,416 |
| AAM | Aumega Metals | $0.05 | 2% | 59% | -8% | -5% | $28,395,053 |
| SVL | Silver Mines Limited | $0.16 | -6% | 0% | -9% | -21% | $233,745,620 |
| NVA | Nova Minerals Ltd | $0.20 | 0% | -38% | -9% | -35% | $46,774,872 |
| SPQ | Superior Resources | $0.01 | 43% | -33% | -9% | -64% | $20,012,204 |
| BGL | Bellevue Gold Ltd | $1.82 | 1% | 28% | -9% | 17% | $2,172,195,715 |
| TG1 | Techgen Metals Ltd | $0.03 | -3% | -52% | -10% | -56% | $3,587,712 |
| ASO | Aston Minerals Ltd | $0.01 | -18% | -55% | -10% | -87% | $11,655,578 |
| VKA | Viking Mines Ltd | $0.01 | 29% | -36% | -10% | -25% | $9,227,326 |
| GBZ | GBM Rsources Ltd | $0.01 | -10% | 13% | -10% | -50% | $10,410,200 |
| BM8 | Battery Age Minerals | $0.13 | -21% | -30% | -10% | -73% | $13,023,380 |
| RDN | Raiden Resources Ltd | $0.03 | -13% | -7% | -10% | 225% | $70,690,424 |
| PNX | PNX Metals Limited | $0.00 | 0% | 0% | -11% | 33% | $23,880,859 |
| GTR | Gti Energy Ltd | $0.00 | -20% | -67% | -11% | -47% | $10,154,988 |
| SMS | Star Minerals | $0.03 | 7% | -25% | -12% | -33% | $2,781,684 |
| DLI | Delta Lithium | $0.22 | 0% | -24% | -12% | -74% | $164,083,643 |
| TSO | Tesoro Gold Ltd | $0.03 | -9% | 12% | -12% | 7% | $38,117,002 |
| SXG | Southern Cross Gold | $2.19 | 4% | 116% | -12% | 410% | $440,842,361 |
| CDT | Castle Minerals | $0.00 | -46% | -42% | -13% | -75% | $4,647,392 |
| WCN | White Cliff Min Ltd | $0.01 | -7% | -19% | -13% | 18% | $21,117,036 |
| ADT | Adriatic Metals | $3.28 | -17% | -4% | -13% | 2% | $928,927,678 |
| CHN | Chalice Mining Ltd | $1.12 | -18% | 5% | -14% | -81% | $457,031,882 |
| GUE | Global Uranium | $0.08 | -18% | -53% | -14% | -32% | $21,520,666 |
| TMX | Terrain Minerals | $0.00 | -14% | -40% | -14% | -50% | $4,295,012 |
| MVL | Marvel Gold Limited | $0.01 | -25% | -45% | -14% | -45% | $5,182,744 |
| ASR | Asra Minerals Ltd | $0.01 | 50% | 0% | -14% | -37% | $12,216,476 |
| MOM | Moab Minerals Ltd | $0.01 | 50% | -14% | -14% | -33% | $4,762,885 |
| NAG | Nagambie Resources | $0.01 | -23% | -70% | -15% | -78% | $7,169,721 |
| ICL | Iceni Gold | $0.07 | -3% | 22% | -15% | -43% | $19,093,274 |
| RDS | Redstone Resources | $0.01 | 25% | 0% | -17% | -29% | $4,626,892 |
| ICG | Inca Minerals Ltd | $0.01 | -38% | -42% | -17% | -84% | $4,052,682 |
| ARV | Artemis Resources | $0.01 | -25% | -50% | -18% | -44% | $19,168,824 |
| MI6 | Minerals260Limited | $0.14 | 8% | -46% | -18% | -80% | $33,930,000 |
| FAU | First Au Ltd | $0.00 | -33% | -33% | -20% | -33% | $3,323,987 |
| MEG | Megado Minerals Ltd | $0.01 | -11% | -70% | -20% | -89% | $2,035,644 |
| PGO | Pacgold | $0.14 | 27% | -26% | -20% | -58% | $11,780,362 |
| LM8 | Lunnonmetalslimited | $0.16 | -24% | -64% | -23% | -84% | $33,765,722 |
| MHC | Manhattan Corp Ltd | $0.00 | -25% | -63% | -25% | -85% | $4,405,470 |
| TGM | Theta Gold Mines Ltd | $0.13 | -7% | 24% | -26% | 51% | $92,500,179 |
| ENR | Encounter Resources | $0.62 | 105% | 120% | -27% | 54% | $297,546,516 |
| BEZ | Besra Gold | $0.07 | -32% | -50% | -32% | -76% | $27,594,660 |
| ADG | Adelong Gold Limited | $0.00 | -50% | -11% | -33% | -56% | $4,471,956 |
| RML | Resolution Minerals | $0.00 | -20% | -33% | -33% | -60% | $3,220,044 |
Top ASX Stories This Week
Labyrinth Resources (ASX:LRL) wins the gold medal this week after it entered a 12-month option to acquire the remaining 49% of the Comet Vale gold project from Sand Queen Gold Mines for a cool $3m cash.
It also caught the eyes of investors by announcing the purchase of the Vivien gold project, just 6km from Gold Fields’ Agnew mining operation.
Distilled endors Alex Hewitt and Kelvin Flynn are expected to emerge with 12.3% and 10.2% voting power in LRL once transactions are finalised.
Shares in the minnow rose 180% this week to trade at 1.4c.
Meanwhile, finance issues with Besra Gold (ASX:BEZ) major shareholder and Bau project backer Quantum Minerals have not stopped the developer getting delivery of equipment for its Jugan Pilot plant completed that will process 50t per day and trial optimal protocols for the 960,000oz resource in Malaysia.
Ongoing exploration is predicted to add ounces towards an additional exploration target ranging from 4.9-9.3Moz.
First Quantum and BEZ are committed to the gold purchase agreement that had recently fallen to the wayside.
“Having provided Besra with in excess of US$25.6 million in working capital pursuant to our Gold Purchase Agreement, as chairman of Quantum I irrevocably confirm Quantum’s ongoing support for Besra, [and our commitment] to bringing the Bau gold project into commercial production as quickly as possible,” Besra and Quantum’s Dato Lim says.
At Stockhead we tell it like it is. While Besra Gold is a Stockhead advertiser at the time of writing, it did not sponsor this article.
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