Global markets continued their fall into oblivion. Meanwhile ASX-listed goldies fared slightly better than the average, following a horror week which was truly abysmal for everyone involved.

If you’re an Australia-based producer you now have the added benefit of a super weak dollar, which is currently a lowly 58c versus the benchmark US dollar.

That means that while gold itself slipped for a second straight week in US dollar terms, it actually increased in real terms for local gold producers:

Silver linings.

 

BIGGEST SMALL CAP MOVERS:

Here’s how ASX gold stocks performed for the period March 17 — March 23 [intraday]:

Scroll or swipe to reveal table. Click headings to sort. Best viewed on a laptop:

CODE NAME 1 WEEK TOTAL RETURN % 1 YEAR TOTAL RETURN % PRICE [INTRADAY MON] MARKET CAP
CHN CHALICE GOLD MINES 85 111 0.3 $79,480,000.00
NES NELSON RESOURCES 67 -65 0.032 $ 1,848,761.63
SAU SOUTHERN GOLD 39 -21 0.115 $ 11,041,094.00
CY5 CYGNUS GOLD 36 -42 0.03 $ 2,047,532.38
DTR DATELINE RESOURCES 33 0 0.002 $ 16,420,156.00
LEX LEFROY EXPLORATION 32 -11 0.16 $ 12,560,843.00
TLM TALISMAN MINING 23 3 0.06 $ 13,063,987.00
DEG DE GREY MINING 21 183 0.215 $ 214,432,368.00
CDV CARDINAL RESOURCES 18 -16 0.3 $ 145,007,104.00
ERM EMMERSON RESOURCES 15 -14 0.069 $ 30,164,626.00
PRU PERSEUS MINING 14 60 0.775 $ 916,923,520.00
WGX WESTGOLD RESOURCES 13 35 1.595 $ 635,840,960.00
GOR GOLD ROAD RESOURCES 12 6 1.055 $ 927,241,472.00
ONX ORMINEX 11 -76 0.037 $ 22,103,188.00
GWR GWR GROUP 11 -33 0.061 $ 15,281,773.00
VMC VENUS METALS CORP 11 -5 0.15 $ 19,640,228.00
FML FOCUS MINERALS 10 -35 0.165 $ 34,722,228.00
PUA PURE ALUMINA 9 -68 0.01 $ 1,995,847.38
DGO DGO GOLD 9 168 1.795 $ 72,127,816.00
SLR SILVER LAKE RESOURCES 9 73 1.22 $ 1,117,401,984.00
PRX PRODIGY GOLD NL 8 -55 0.04 $ 19,160,710.00
RSG RESOLUTE MINING 8 -34 0.72 $ 761,111,744.00
KRM KINGSROSE MINING 7 -42 0.025 $ 19,710,198.00
MAU MAGNETIC RESOURCES NL 7 58 0.49 $ 101,621,616.00
BAR BARRA RESOURCES 7 -56 0.015 $ 5,965,157.50
SVL SILVER MINES 6 20 0.066 $ 57,169,656.00
AOP APOLLO CONSOLIDATED 6 -12 0.155 $ 43,055,296.00
RRL REGIS RESOURCES 6 -29 3.51 $ 1,834,531,456.00
MAT MATSA RESOURCES 6 -38 0.085 $ 18,607,224.00
AMG AUSMEX MINING GROUP 6 -71 0.038 $ 15,376,572.00
SBM ST BARBARA 5 -38 1.8925 $ 1,405,313,792.00
BDC BARDOC GOLD 4 19 0.046 $ 62,807,180.00
GSM GOLDEN STATE MINING 4 -14 0.072 $ 2,856,843.50
CWX CARAWINE RESOURCES 3 19 0.135 $ 11,203,986.00
SLZ SULTAN RESOURCES 3 29 0.072 $ 3,333,771.00
NXM NEXUS MINERALS 3 -30 0.04 $ 4,729,622.50
TRY TROY RESOURCES 2 -39 0.062 $ 39,187,952.00
SPX SPECTRUM METALS 1 376 0.1 $ 136,848,944.00
RND RAND MINING 1 -35 1.6 $ 96,237,560.00
CXU CAULDRON ENERGY 0 -44 0.015 $ 5,144,347.50
TSC TWENTY SEVEN CO 0 0 0.004 $ 5,945,283.50
AAJ ARUMA RESOURCES 0 -67 0.002 $ 1,418,827.75
AYR ALLOY RESOURCES 0 -60 0.001 $ 2,269,596.75
GNM GREAT NORTHERN MINERALS 0 -75 0.005 $ 2,168,349.00
GMN GOLD MOUNTAIN 0 -27 0.055 $ 35,777,844.00
PDI PREDICTIVE DISCOVERY 0 -57 0.006 $ 3,037,085.25
AUC AUSGOLD 0 -42 0.01 $ 11,061,995.00
TNR TORIAN RESOURCES 0 -63 0.005 $ 2,217,918.00
DGR DGR GLOBAL 0 -66 0.037 $ 34,338,184.00
GUL GULLEWA 0 17 0.035 $ 5,429,308.50
MSR MANAS RESOUCES 0 -33 0.0015 $ 5,286,325.00
WWI WEST WITS MINING 0 -11 0.008 $ 8,437,779.00
CDT CASTLE MINERALS 0 -29 0.005 $ 1,186,156.38
AZM AZUMAH RESOURCES 0 23 0.032
VKA VIKING MINES 0 -44 0.005 $ 1,568,589.25
BLK BLACKHAM RESOURCES 0 -50 0.008 $ 41,188,300.00
ANL AMANI GOLD 0 -50 0.002 $ 12,270,899.00
MLS METALS AUSTRALIA 0 -67 0.001 $ 3,207,352.75
CTO CITIGOLD CORP 0 -40 0.003 $ 7,263,519.50
HAW HAWTHORN RESOURCES 0 45 0.07 $ 26,455,864.00
KGM KALNORTH GOLD MINES 0 -20 0.004 $ 3,576,960.25
AVW AVIRA RESOURCES 0 -33 0.002 $ 2,250,000.00
ALY ALCHEMY RESOURCES 0 -26 0.01 $ 4,954,719.00
DTM DART MINING NL 0 -58 0.04 $ 2,945,955.25
SFM SANTA FE MINERALS 0 -25 0.064 $ 4,660,402.50
MOH MOHO RESOURCES NL 0 -60 0.06 $ 2,747,674.25
NWM NORWEST MINERALS 0 -11 0.15 $ 12,576,027.00
SMI SANTANA MINERALS 0 -44 0.003 $ 6,709,864.00
RGL RIVERSGOLD 0 -77 0.009 $ 2,225,283.50
TIE TIETTO MINERALS 0 -9 0.125 $ 60,371,956.00
KTA KRAKATOA RESOURCES 0 55 0.028 $ 6,343,750.00
KCN KINGSGATE CONSOLIDATED -1 56 0.32 $ 79,179,080.00
GBZ GBM RESOURCES -2 26 0.05 $ 11,959,169.00
AME ALTO METALS -2 64 0.054 $ 15,842,184.00
OKR OKAPI RESOURCES -2 -70 0.045 $ 1,874,229.00
VAN VANGO MINING -2 -26 0.096 $ 67,229,232.00
CYL CATALYST METALS -3 1 2.05 $ 174,687,248.00
CMM CAPRICORN METALS -3 161 0.93 $ 310,360,064.00
TBR TRIBUNE RESOURCES -3 -3 4.51 $ 255,868,944.00
NST NORTHERN STAR RESOURCES -3 24 11.04 $ 8,125,735,424.00
GBR GREAT BOULDER RESOURCES -3 -79 0.028 $ 3,736,711.75
BCN BEACON MINERALS -4 31 0.025 $ 77,183,080.00
BC8 BLACK CAT SYNDICATE -4 9 0.215 $ 20,203,108.00
NUS NUSANTARA RESOURCES -4 15 0.23 $ 46,086,216.00
EVN EVOLUTION MINING -4 2 3.73 $ 5,948,371,456.00
RED RED 5 -5 62 0.2 $ 249,017,056.00
RMS RAMELIUS RESOURCES -5 -3 0.86 $ 560,078,720.00
TAM TANAMI GOLD NL -5 -2 0.04 $ 47,003,880.00
BBX BBX MINERALS -5 -61 0.1 $ 45,473,088.00
AGS ALLIANCE RESOURCES -7 7 0.093 $ 14,325,565.00
ALK ALKANE RESOURCES -8 147 0.61 $ 321,918,496.00
SAR SARACEN MINERAL HOLDINGS -8 10 3.1 $ 3,418,961,920.00
MML MEDUSA MINING -8 8 0.44 $ 83,117,720.00
NAG NAGAMBIE RESOURCES -8 -47 0.03 $ 14,847,767.00
HRN HORIZON GOLD LIMITED -9 3 0.16 $ 12,244,899.00
PGI PANTERRA GOLD -9 0 0.021 $ 3,707,691.25
CAI CALIDUS RESOURCES -9 -23 0.18 $ 42,937,812.00
OKU OKLO RESOURCES -9 -22 0.155 $ 63,762,276.00
MLL MALI LITHIUM -9 -72 0.042 $ 16,978,124.00
E2M E2 METALS -10 -49 0.085 $ 8,268,280.50
RML RESOLUTION MINERALS -11 -33 0.04 $ 7,783,680.00
BRV BIG RIVER GOLD -11 -20 0.014 $ 21,075,160.00
CGN CRATER GOLD MINING -11 -38 0.008 $ 9,819,967.00
WAF WEST AFRICAN RESOURCES -11 49 0.395 $ 396,067,872.00
BRB BREAKER RESOURCES NL -12 -74 0.115 $ 23,132,008.00
HRZ HORIZON MINERALS -12 -52 0.06 $ 28,246,364.00
TAR TARUGA MINERALS -13 -87 0.007 $ 2,271,743.75
ARS ALT RESOURCES -13 -52 0.013 $ 8,224,788.50
NCM NEWCREST MINING -13 -14 22.84 $ 17,199,022,080.00
BGL BELLEVUE GOLD -13 -44 0.325 $ 162,425,648.00
KWR KINGWEST RESOURCES -14 -50 0.082 $ 9,508,619.00
STN SATURN METALS -14 132 0.36 $ 26,348,144.00
ARM AURORA MINERALS -14 -41 0.006 $ 1,405,599.38
GML GATEWAY MINING -15 -35 0.011 $ 17,415,008.00
RXL ROX RESOURCES -16 78 0.014 $ 23,327,156.00
ARL ARDEA RESOURCES -16 -47 0.19 $ 23,460,088.00
MEU MARMOTA -17 60 0.023 $ 19,444,020.00
EMR EMERALD RESOURCES NL -18 -15 0.029 $ 125,648,824.00
A1G AFRICAN GOLD -18 -83 0.04 $ 2,382,100.00
AAR ANGLO AUSTRALIAN RESOURCES -18 38 0.083 $ 39,464,324.00
AQI ALICANTO MINERALS -18 20 0.029 $ 8,107,345.00
HMX HAMMER METALS -19 -48 0.011 $ 5,588,308.00
ADN ANDROMEDA METALS -19 317 0.024 $ 38,175,336.00
GSN GREAT SOUTHERN MINING -20 10 0.033 $ 12,690,569.00
BSR BASSARI RESOURCES -20 -37 0.011 $ 26,265,304.00
ARV ARTEMIS RESOURCES -20 -66 0.016 $ 20,477,342.00
MKG MAKO GOLD -23 -66 0.046 $ 4,631,089.50
DHR DARK HORSE RESOURCES -25 -63 0.0015 $ 4,928,792.50
MDI MIDDLE ISLAND RESOURCES -25 -14 0.006 $ 10,591,669.00
DAU DAMPIER GOLD -26 -13 0.018 $ 4,759,720.00
BNR BULLETIN RESOURCES -29 -38 0.014 $ 2,689,396.00
OAU ORA GOLD -29 -9 0.01 $ 5,815,178.00
LNY LANEWAY RESOURCES -30 -46 0.0035 $ 13,020,231.00
AWV ANOVA METALS -33 -55 0.005 $ 4,134,793.75
TMX TERRAIN MINERALS -33 -33 0.003 $ 2,169,483.00
GED GOLDEN DEEPS -36 -80 0.007 $ 2,525,477.00
SIH SIHAYO GOLD -38 -64 0.005 $ 8,391,080.00
GMR GOLDEN RIM RESOURCES -43 -67 0.005 $ 5,814,830.50
TTM TITAN MINERALS -43 -81 0.034 $ 29,737,416.00
MTH MITHRIL RESOURCES -44 -29 0.006 $ 3,432,724.50
NVA NOVA MINERALS -18 73 0.023 $ 25,000,000.00
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Our #1 mover was popular explorer Chalice Gold Mines (ASX:CHN), up an incredible 137 per cent yesterday after confirming a super interesting nickel discovery at a non-core WA project.

The first drill hole at the Julimar project – which covers the entirety of a ~26km by 7km target which has never been explored for nickel – hit a massive sulphide zone grading 13m at 3.15 per cent nickel, 1.19 per cent copper, 8.85 grams per tonne (g/t) palladium and 1.09g/t platinum.

And with ~$23m in the bank, Chalice can comfortably continue to explore Julimar – as a well as its flagship Pyramid Hill gold project in Victoria – regardless of any sh*#@y global market conditions.

 

Southern Gold (ASX:SAU) somehow moved higher after a $10m cap raise at 14c was replaced with a $4m raise at 10c. But in the current market, ‘(any) cash is king’.

“We are in unprecedented markets – perhaps a one in 100-year event – and this has clearly had an impact on our ability to execute the original equity raising,” Southern Gold managing director Simon Mitchell says.

“However, it is times like these that good supportive major shareholders, a solid new cornerstone investor such as Metal Tiger PLC and the backing of an excellent broker in Ashanti Capital, have all contributed to pulling together $4m in the most difficult of markets.

“While we will be prudent with expenditure going forward, the raising enables Southern Gold to continue to maintain momentum in our field programs and drilling, perhaps the most critical factor in a junior explorer’s ability to survive downturns.”

 

And Kalgoorlie-based explorer Lefroy (ASX:LEX) moved 35 per cent higher after it kicked off drilling at the Red Dale prospect.

The goal is two-fold – expand the existing ~20,000oz Red Dale resource while dialling in on the source of this gold in the deeper bedrock.

Lefroy believes this shallow resource hasn’t travelled far – which means a larger bedrock gold source could be somewhere close by.

The drilling program is expected to be completed this month, Lefroy says, with results anticipated in April.

 

At Stockhead, we tell it like it is. While Lefroy is a Stockhead advertiser, it did not sponsor this article.

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