You might be interested in
Mining
‘A meaningful development’: Warriedar hits mineralisation in shallow porphyry system at Fields Find West
Mining
In the Shadow of the Headframe: Warriedar is sitting on a literal goldmine
Mining
Mining
It’s US Election Week.
Betting odds swung wildly. Trump raged. Biden probably did stuff.
And we still don’t have a winner, because of states like Nevada.
Global markets were all over the shop but ended the week on an emphatically positive note.
Meanwhile, gold – which thrives on drama and uncertainty – ripped ~3.5 per cent higher to ~$US1,940/oz.
That’s the precious metal’s biggest weekly gain since late July.
But every analyst and their dog are basically saying the same thing. For gold, the election result isn’t that important because stimulus will happen anyway.
This stimulus, plus low rates, ballooning US debt and, eventually, capital flows into emerging markets, “will continue to put pressure on the US dollar”, says Metals Focus.
“All these factors contribute to our conviction that gold’s rally has some way to go.
“Our projections target new all-time highs as early as the first quarter of 2021 and a peak towards the end of the year.” Boom.
Here’s how 217 ASX-listed gold stocks performed November 02 – November 06 [intraday].
Scroll or swipe to reveal table. Click headings to sort. Best viewed on a laptop:
CODE | COMPANY | 1 WEEK RETURN % | 1 YEAR RETURN % | PRICE | MARKET CAP |
---|---|---|---|---|---|
ANX | Anax Metals | 60 | 219 | 0.039 | $ 6,783,422.58 |
SBR | Sabre Resources | 43 | 150 | 0.01 | $ 11,255,816.32 |
NXM | Nexus Minerals | 38 | 267 | 0.18 | $ 31,903,025.72 |
PUR | Pursuit Minerals | 25 | 79 | 0.015 | $ 7,162,219.73 |
ADN | Andromeda Metals | 22 | 376 | 0.195 | $ 345,068,927.51 |
AWV | Anova Metals | 19 | 220 | 0.031 | $ 37,260,449.20 |
SVL | Silver Mines | 19 | 133 | 0.23 | $ 210,441,454.81 |
SAU | Southern Gold | 19 | -49 | 0.125 | $ 26,666,094.50 |
GMR | Golden Rim Resources | 18 | -24 | 0.013 | $ 21,496,102.45 |
FAU | First Au | 17 | 80 | 0.027 | $ 15,066,369.81 |
MCT | Metalicity | 17 | 385 | 0.021 | $ 31,270,212.25 |
ZNC | Zenith Minerals | 17 | 175 | 0.14 | $ 41,210,404.20 |
AUC | Ausgold | 16 | 269 | 0.059 | $ 70,218,875.21 |
BGL | Bellevue Gold | 15 | 144 | 1.33 | $ 1,033,073,891.79 |
AQX | Alice Queen | 14 | -11 | 0.032 | $ 32,740,907.07 |
SVY | Stavely Minerals | 14 | -33 | 0.8 | $ 200,940,318.04 |
SFM | Santa Fe Minerals | 14 | 51 | 0.125 | $ 8,374,160.74 |
CYL | Catalyst Metals | 13 | 0 | 2.61 | $ 209,333,241.98 |
AAR | Anglo Australian | 13 | 95 | 0.17 | $ 94,741,083.36 |
RMS | Ramelius Resources | 13 | 69 | 2.22 | $ 1,666,172,724.66 |
CAI | Calidus Resources | 13 | 168 | 0.67 | $ 166,892,576.50 |
BAR | Barra Resources | 13 | 71 | 0.036 | $ 22,936,675.43 |
OAU | Ora Gold | 13 | 13 | 0.027 | $ 21,861,975.77 |
CHN | Chalice Gold Mines | 12 | 1430 | 3.06 | $ 898,184,507.70 |
SSR | SSR Mining | 12 | 0 | 28.1 | $ 424,860,325.76 |
E2M | E2 Metals | 11 | 344 | 0.8 | $ 93,152,132.06 |
VKA | Viking Mines | 11 | 100 | 0.02 | $ 6,274,357.12 |
PF1 | Pathfinder Resources | 11 | -3 | 0.2 | $ 10,430,000.00 |
EVN | Evolution Mining | 11 | 49 | 6.15 | $ 10,012,473,586.40 |
AGG | AngloGold Ashanti | 10 | 19 | 7.26 | $ 624,454,355.00 |
WWI | West Wits Mining | 10 | 1620 | 0.086 | $ 92,095,219.68 |
WMX | Wiluna Mining | 10 | 62 | 1.94 | $ 183,861,865.95 |
BYH | Bryah Resources | 10 | 20 | 0.065 | $ 8,176,178.08 |
ONX | Orminex | 10 | -71 | 0.022 | $ 11,860,247.70 |
STK | Strickland Metals | 10 | 300 | 0.1 | $ 39,814,644.50 |
SNG | Siren Gold | 10 | 0 | 0.45 | $ 24,363,431.98 |
CLA | Celsius Resources | 10 | 143 | 0.034 | $ 25,747,196.67 |
GUL | Gullewa | 10 | 311 | 0.115 | $ 18,163,456.50 |
SAR | Saracen Minerals | 9 | 68 | 6.13 | $ 6,413,217,755.22 |
AME | Alto Metals | 9 | 253 | 0.12 | $ 43,778,394.93 |
MGV | Musgrave Minerals | 9 | 661 | 0.54 | $ 246,891,988.20 |
AXE | Archer Materials | 9 | 234 | 0.485 | $ 107,921,542.08 |
NST | Northern Star | 9 | 67 | 16.31 | $ 11,447,865,572.85 |
ALK | Alkane Resources | 9 | 105 | 1.37 | $ 785,913,216.00 |
TTM | Titan Minerals | 9 | -29 | 0.125 | $ 128,245,345.57 |
WGX | Westgold Resources | 9 | 16 | 2.78 | $ 1,096,030,702.00 |
DCN | Dacian Gold | 8 | -59 | 0.385 | $ 205,908,164.98 |
DDD | 3D Resources | 8 | 333 | 0.0065 | $ 21,692,232.55 |
AUT | Auteco Minerals | 8 | 1344 | 0.13 | $ 188,061,472.32 |
BCN | Beacon Minerals | 8 | 5 | 0.039 | $ 108,938,048.23 |
MHC | Manhattan Corp | 8 | 440 | 0.027 | $ 35,809,524.71 |
BNR | Bulletin Resources | 8 | 218 | 0.07 | $ 12,550,515.18 |
CTO | Citigold Corp | 8 | 180 | 0.014 | $ 31,508,078.51 |
NAE | New Age Exploration | 8 | 367 | 0.014 | $ 14,440,145.33 |
RML | Resolution Minerals | 8 | -37 | 0.043 | $ 12,017,315.69 |
ERM | Emmerson Resources | 7 | -27 | 0.088 | $ 40,076,871.54 |
MTH | Mithril Resources | 7 | 400 | 0.03 | $ 58,438,104.09 |
SBM | St Barbara | 7 | 1 | 2.81 | $ 1,869,196,529.65 |
CMM | Capricorn Metals | 7 | 68 | 1.85 | $ 631,193,770.85 |
NUS | Nusantara Resources | 7 | -7 | 0.31 | $ 61,647,995.84 |
NSM | North Stawell | 6 | 0 | 0.5 | $ 18,800,000.00 |
AMI | Aurelia Metals | 6 | -1 | 0.51 | $ 423,882,141.55 |
CHZ | Chesser Resources | 6 | 227 | 0.255 | $ 96,143,786.09 |
GBZ | GBM Resources | 6 | 511 | 0.17 | $ 60,106,465.35 |
GNM | Great Northern | 6 | 79 | 0.017 | $ 14,442,503.14 |
LCL | Los Cerros | 6 | 110 | 0.17 | $ 72,445,763.41 |
PRU | Perseus Mining | 6 | 41 | 1.32 | $ 1,532,161,067.50 |
TSO | Tesoro Resources | 6 | 773 | 0.355 | $ 140,974,804.19 |
KZR | Kalamazoo Resources | 6 | 110 | 0.66 | $ 82,493,103.42 |
GML | Gateway Mining | 6 | 0 | 0.019 | $ 34,238,088.65 |
EMU | EMU NL | 5 | 45 | 0.058 | $ 20,503,315.29 |
ALY | Alchemy Resources | 5 | 57 | 0.02 | $ 12,772,625.61 |
SPQ | Superior Resources | 5 | 205 | 0.02 | $ 22,002,568.21 |
KWR | Kingwest Resources | 5 | -25 | 0.205 | $ 30,738,771.60 |
EMR | Emerald Resources | 5 | 50 | 0.63 | $ 319,546,268.34 |
PDI | Predictive Discovery | 5 | 610 | 0.063 | $ 60,282,000.78 |
OBM | Ora Banda Mining | 5 | 93 | 0.325 | $ 260,650,407.15 |
HMX | Hammer Metals | 5 | 100 | 0.044 | $ 33,494,362.38 |
CAZ | Cazaly Resources | 5 | 73 | 0.045 | $ 15,485,503.75 |
MKG | Mako Gold | 5 | 22 | 0.115 | $ 28,209,362.06 |
WAF | West African Resources | 5 | 115 | 1.05 | $ 894,136,886.82 |
GOR | Gold Road | 4 | 21 | 1.42 | $ 1,187,898,409.80 |
NCM | Newcrest Mining | 4 | -3 | 30.64 | $ 24,227,232,363.78 |
BDC | Bardoc Gold | 4 | -24 | 0.076 | $ 129,818,053.20 |
PAK | Pacific American | 4 | -14 | 0.026 | $ 8,179,207.40 |
DEG | De Grey Mining | 4 | 1934 | 1.18 | $ 1,444,609,018.93 |
OKU | Oklo Resources | 4 | 77 | 0.265 | $ 128,408,602.23 |
GIB | Gibb River Diamonds | 4 | 366 | 0.135 | $ 26,781,227.85 |
MAT | Matsa Resources | 4 | -4 | 0.135 | $ 37,960,539.26 |
PUA | Peak Minerals | 4 | 79 | 0.027 | $ 14,238,813.68 |
BRV | Big River Gold | 4 | 287 | 0.058 | $ 70,961,588.86 |
GRL | Godolphin Resources | 4 | 0 | 0.295 | $ 20,402,081.12 |
GWR | GWR Group | 3 | 72 | 0.155 | $ 40,954,432.80 |
FFX | Firefinch | 3 | 100 | 0.16 | $ 121,195,449.53 |
RSG | Resolute Mining | 3 | -32 | 0.83 | $ 861,036,310.68 |
BRB | Breaker Resources | 3 | -43 | 0.19 | $ 58,651,367.22 |
MAU | Magnetic Resources | 3 | 120 | 1.17 | $ 250,642,797.32 |
SLR | Silver Lake Resources | 3 | 89 | 2.22 | $ 1,832,914,763.68 |
CDV | Cardinal Resources | 2 | 176 | 1.04 | $ 554,006,727.27 |
MZZ | Matador Mining | 2 | 124 | 0.425 | $ 69,723,066.19 |
KAI | Kairos Minerals | 2 | 361 | 0.043 | $ 65,339,608.46 |
GMN | Gold Mountain | 2 | -36 | 0.044 | $ 29,655,484.23 |
DGO | DGO Gold | 2 | 269 | 3.54 | $ 235,357,073.28 |
PRX | Prodigy Gold | 2 | -48 | 0.046 | $ 25,547,614.66 |
VAN | Vango Mining | 2 | -47 | 0.093 | $ 90,416,940.61 |
STN | Saturn Metals | 2 | 81 | 0.715 | $ 75,925,157.00 |
NML | Navarre Minerals | 2 | 133 | 0.245 | $ 127,473,905.49 |
TBR | Tribune Resources | 2 | -10 | 7.19 | $ 365,702,496.69 |
RXL | Rox Resources | 2 | 171 | 0.057 | $ 112,520,565.47 |
RED | Red 5 Limited | 2 | 7 | 0.295 | $ 551,762,680.28 |
CWX | Carawine Resources | 2 | 32 | 0.33 | $ 28,880,661.30 |
AOP | Apollo Consolidated | 1 | 60 | 0.35 | $ 92,837,978.55 |
NES | Nelson Resources | 1 | -11 | 0.07 | $ 7,691,743.51 |
DAU | Dampier Gold | 1 | 294 | 0.071 | $ 19,662,277.26 |
M2R | Miramar | 1 | 0 | 0.38 | $ 15,413,044.80 |
FML | Focus Minerals | 1 | 40 | 0.385 | $ 69,444,454.70 |
TIE | Tietto Minerals | 1 | 21 | 0.44 | $ 194,063,496.08 |
RRL | Regis Resources | 1 | -15 | 4.22 | $ 2,097,119,737.90 |
MML | Medusa Mining | 1 | 11 | 0.82 | $ 166,235,440.80 |
A1G | African Gold | 0 | -22 | 0.16 | $ 5,022,647.04 |
AL8 | Alderan Resources | 0 | 192 | 0.105 | $ 27,490,432.31 |
AAJ | Aruma Resources | 0 | 75 | 0.007 | $ 11,125,897.33 |
CDT | Castle Minerals | 0 | 44 | 0.013 | $ 6,811,547.27 |
CGN | Crater Gold Mines | 0 | -21 | 0.011 | $ 13,502,454.54 |
CY5 | Cygnus Gold | 0 | 386 | 0.17 | $ 17,845,933.77 |
DCX | Discovex Resources | 0 | -14 | 0.006 | $ 7,176,984.46 |
ENR | Encounter Resources | 0 | 11 | 0.2 | $ 61,002,777.23 |
GED | Golden Deeps | 0 | -40 | 0.015 | $ 7,555,669.79 |
HAW | Hawthorn Resources | 0 | 106 | 0.14 | $ 43,357,029.69 |
HRZ | Horizon | 0 | -12 | 0.11 | $ 56,797,520.00 |
KAU | Kaiser Reef | 0 | 0 | 0.41 | $ 10,957,250.41 |
KGM | Kalnorth Gold | 0 | 117 | 0.013 | $ 11,625,120.78 |
KRM | Kingsrose Mining | 0 | -11 | 0.033 | $ 24,820,249.97 |
LNY | Laneway Resources | 0 | 0 | 0.007 | $ 26,425,461.53 |
MAR | Malachite Resources | 0 | -37 | 0.063 | $ 7,677,398.04 |
MSR | Manas Resources | 0 | 100 | 0.006 | $ 15,858,974.93 |
MEU | Marmota | 0 | 81 | 0.047 | $ 44,552,549.74 |
MVL | Marvel Gold | 0 | -49 | 0.064 | $ 25,232,287.54 |
MTC | Metalstech | 0 | 967 | 0.16 | $ 21,985,145.70 |
MDI | Middle Island Resources | 0 | 200 | 0.015 | $ 41,487,464.66 |
NPM | Newpeak Metals | 0 | 33 | 0.004 | $ 15,278,068.78 |
SI6 | Six Sigma Metals | 0 | 150 | 0.01 | $ 11,091,296.07 |
TLM | Talisman Mining | 0 | 15 | 0.115 | $ 20,529,122.35 |
TAR | Taruga Minerals | 0 | 161 | 0.053 | $ 24,231,679.82 |
TMX | Terrain Minerals | 0 | 200 | 0.012 | $ 7,954,771.10 |
TNR | Torian Resources | 0 | 148 | 0.031 | $ 23,404,470.75 |
TRY | Troy Resources | 0 | 9 | 0.12 | $ 84,187,333.32 |
TRM | Truscott Mining | 0 | 150 | 0.02 | $ 2,458,830.88 |
TSC | Twenty Seven Co. | 0 | 40 | 0.007 | $ 10,847,406.55 |
VMC | Venus Metals | 0 | 33 | 0.24 | $ 36,258,883.92 |
BC8 | Black Cat Syndicate | -1 | 61 | 0.715 | $ 80,546,496.91 |
KSN | Kingston Resources | -1 | 61 | 0.26 | $ 56,484,852.41 |
KCN | Kingsgate Consolidated | -1 | 78 | 0.785 | $ 173,062,844.10 |
TAM | Tanami Gold | -1 | 70 | 0.075 | $ 88,132,278.45 |
AZS | Azure Minerals | -1 | 131 | 0.335 | $ 78,712,600.53 |
G88 | Golden Mile Resources | -2 | -9 | 0.06 | $ 7,135,063.02 |
RND | Rand Mining | -2 | -15 | 2.3 | $ 138,341,492.50 |
CXU | Cauldron Energy | -2 | 224 | 0.055 | $ 22,810,810.43 |
S2R | S2 Resources | -2 | 100 | 0.26 | $ 81,871,706.54 |
GSM | Golden State Mining | -2 | 219 | 0.255 | $ 13,064,740.00 |
PGI | Panterra Gold | -2 | 36 | 0.045 | $ 8,586,232.56 |
AGS | Alliance Resources | -2 | 87 | 0.22 | $ 39,226,017.60 |
GSN | Great Southern Mining | -2 | 31 | 0.088 | $ 35,192,956.12 |
RVR | Red River Resources | -2 | 52 | 0.22 | $ 108,732,617.07 |
AMG | Ausmex Mining | -2 | -57 | 0.04 | $ 21,902,732.40 |
PNR | Pantoro | -3 | 26 | 0.195 | $ 267,595,663.32 |
DTM | Dart Mining | -3 | 64 | 0.19 | $ 16,670,583.85 |
AQI | Alicanto Minerals | -3 | 173 | 0.15 | $ 42,114,542.10 |
NAG | Nagambie Resources | -3 | 6 | 0.056 | $ 27,996,211.38 |
BAT | Battery Minerals | -4 | 225 | 0.026 | $ 43,936,384.98 |
DRE | Dreadnought Resources | -4 | 200 | 0.024 | $ 49,540,643.70 |
HXG | Hexagon Energy | -4 | -34 | 0.046 | $ 13,744,369.66 |
LEX | Lefroy Exploration | -4 | 7 | 0.23 | $ 24,890,967.36 |
NVA | Nova Minerals | -4 | 366 | 0.17 | $ 255,158,843.78 |
ARL | Ardea Resources | -4 | 2 | 0.355 | $ 56,175,056.08 |
HRN | Horizon Gold | -4 | 57 | 0.45 | $ 39,509,436.15 |
FFR | Firefly Resources | -4 | 252 | 0.215 | $ 62,955,801.72 |
NWM | Norwest Minerals | -5 | -46 | 0.105 | $ 8,391,711.20 |
RDS | Redstone Resources | -6 | 88 | 0.015 | $ 6,794,190.21 |
YRL | Yandal Resources | -7 | 143 | 0.575 | $ 44,492,304.18 |
SKY | SKY Metals | -7 | 138 | 0.19 | $ 41,930,470.76 |
CBY | Canterbury Resources | -8 | -54 | 0.115 | $ 9,560,282.82 |
RDN | Raiden Resources | -8 | 386 | 0.034 | $ 20,174,891.51 |
CEL | Challenger Exploration | -9 | 206 | 0.205 | $ 115,092,171.60 |
AVW | Avira Resources | -9 | 300 | 0.01 | $ 13,750,400.00 |
REZ | Resources & Energy Group | -9 | 125 | 0.09 | $ 37,124,547.85 |
VRC | Volt Resources | -9 | -8 | 0.01 | $ 21,173,735.55 |
KTA | Krakatoa Resources | -10 | 59 | 0.073 | $ 20,144,350.00 |
ARV | Artemis Resources | -10 | 335 | 0.135 | $ 141,720,539.63 |
GTR | GTI Resources | -10 | 64 | 0.018 | $ 10,272,287.97 |
BBX | BBX Minerals | -10 | 75 | 0.35 | $ 146,887,784.09 |
MKR | Manuka Resources | -10 | 0 | 0.43 | $ 30,071,888.53 |
MEG | Megado | -10 | 0 | 0.215 | $ 8,241,943.29 |
OKR | Okapi Resources | -11 | 6 | 0.17 | $ 6,127,287.22 |
WCN | White Cliff Minerals | -11 | 500 | 0.033 | $ 14,981,396.58 |
MOH | Moho Resources | -11 | 38 | 0.098 | $ 7,648,476.77 |
SIH | Sihayo Gold | -12 | 20 | 0.022 | $ 74,446,146.92 |
RMX | Red Mountain Mining | -13 | 100 | 0.014 | $ 15,782,514.85 |
SLZ | Sultan Resources | -13 | 269 | 0.24 | $ 15,297,565.58 |
MEI | Meteoric Resources | -13 | -3 | 0.06 | $ 71,932,432.07 |
THR | Thor Mining | -13 | 233 | 0.02 | $ 7,543,603.92 |
RGL | Riversgold | -13 | 283 | 0.046 | $ 18,412,139.13 |
HWK | Hawkstone Mining | -14 | 33 | 0.012 | $ 14,638,880.10 |
PKO | Peako | -15 | 11 | 0.028 | $ 5,303,399.28 |
TMZ | Thomson Resources | -17 | 162 | 0.069 | $ 12,332,843.00 |
MRZ | Mont Royal Resources | -17 | 14 | 0.29 | $ 10,567,817.60 |
GBR | Great Boulder Resources | -18 | -18 | 0.051 | $ 9,402,988.50 |
ADV | Ardiden | -20 | 1000 | 0.033 | $ 76,430,227.82 |
DTR | Dateline Resources | -20 | 0 | 0.002 | $ 16,420,156.15 |
SRN | Surefire Resources | -21 | 329 | 0.03 | $ 18,844,609.20 |
CST | Castile Resources | -21 | 0 | 0.33 | $ 63,907,238.72 |
LCY | Legacy Iron Ore | -22 | 218 | 0.007 | $ 49,977,908.14 |
ANL | Amani Gold | -25 | -40 | 0.0015 | $ 9,386,996.75 |
MLS | Metals Australia | -25 | -25 | 0.0015 | $ 6,286,355.36 |
AYM | Australia United | -27 | 700 | 0.008 | $ 14,740,619.88 |
ARN | Aldoro Resources | -31 | -25 | 0.12 | $ 7,965,696.36 |
XTC | Xantippe Resources | -33 | -33 | 0.002 | $ 12,223,693.21 |
Anax – formerly Aurora Minerals – relisted on the ASX Friday morning and immediately gained +60 per cent.
Anax can earn up to 80 per cent of Venturex Resources’ (ASX:VXR) advanced Whim Creek copper-zinc project in the Pilbara region of WA.
It is also hunting for ‘Hemi-like’ gold discoveries, with Whim Creek located right next door to De Grey’s (ASX:DEG) Mallina project.
ANDROMEDA METALS (ASX:ADN) +22%
Kaolin-focused Andromeda is not a gold explorer but does have few ‘free-carried joint venture’ irons in the fire.
In late September, joint venture partner Evolution (ASX:EVN) started drilling the 300m-long ‘Roo Tail Breccia’, part of the Drummond JV in Queensland.
Results are due for release sometime this quarter.
A substantial drilling program has also kicked off at the Eyre Peninsula gold joint venture with London-listed Cobra Resources.
Cobra – which is sole funding $2.1m in exploration for an initial 50 per cent stake – is aiming for 1 million ounces of gold across the project area.
SABRE RESOURCES (ASX:SBR) +43%
In mid-November, early stage drilling will kick off at Sabre’s aspirationally named ‘Bonanza’ gold project in WA.
The 50 hole program is testing targets within 800m of a certified company maker called ‘Penny West’, now owned by miner Ramelius Resources (ASX:RMS).
Any gold intersected by this program “will be followed up with deeper drilling as soon as possible”, Sabre says.
The WA explorer kind of charged out of nowhere this week, earning a ‘please explain’ from the ASX.
But news flow through October and November has been pretty strong. Most recently, drilling at the Pinnacles JV gold project in the eastern Goldfields confirmed high grade gold below the open pit.
Highlights include 9m at 9.51g/t gold, 70m from surface.
Nexus, which is looking at mine development options, reckons start-up costs will be low due to the pre-existing ore sale and purchase agreement with neighbour Saracen Minerals (ASX:SAR).
Anova’s 1moz Big Springs gold project in Nevada is being drilled for the first time since early 2017.
The 2,000m, 13 hole program is confirming and extending the existing resource, plus testing a number of new exploration targets.
The first two diamond holes – following up high-grade intercepts returned from a 2005 drilling program –have now been completed.
Assays are pending, but the type of rock known to host high-grade mineralisation was intersected in both – and that’s “highly encouraging”, says the company.
Stockhead 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]