Pic: John W Banagan / Stone via Getty Images
Mining
Precious metals began 2021 on a positive note: gold, silver and palladium prices returned to higher levels while platinum hit fresh four-year highs.
Some of those gains have been unwound, but Metals Focus says the yellow metal is still expected to approach $2,300 later this year – an all-time high.
Here’s why.
When uncertainty and volatility abound, gold shines.
The ongoing pandemic and policy-makers’ reactions to the crisis will continue to boost investors’ appetite for safe haven assets such as gold.
“In the near-term, the rapid spread of COVID-19 and the threat of new variants of the virus mean that restrictive measures will remain in place in many countries, especially in Europe, for a longer period than previous anticipated,” Metals Focus says.
“More importantly, with slower than expected roll-out of the vaccine, a return to normality seems unlikely to emerge until the second half of this year.”
And geopolitical risk is still high.
Even under the Biden Administration the US-China relationship is likely to remain difficult, albeit less volatile, while geopolitical risks elsewhere are still abundant, says Metals Search.
Lower interest rates – designed to help economies regain growth momentum — typically benefit precious metals by reducing the ‘opportunity cost’ of holding other, currently low yielding assets.
“Ultimately, this will reduces bonds’ effectiveness as a portfolio diversifier, which will continue to push long-term investors towards gold,” Metals Focus says.
A Democrat clean sweep in the US should be positive for gold prices, given the potential for larger fiscal spending and hence their implications on future inflation, says Metals Focus.
Inflationary expectations, sparked by the huge amounts of money flowing into the system, were a key driver of the post-2008 gold rally, it says.
“Even though high inflation never materialised, many investors feel that, this time around, the extent of monetary and fiscal accommodation may have a greater likelihood of driving prices higher,” it says.
“This remains the case, even if the most recent “risk-on” move has put short-term pressure on the gold market.
“We can also not ignore still ballooning sovereign debt levels and already high systemic risks.”
Here’s how ASX-listed gold stocks performed January 4 – January 8 [intraday].
Scroll or swipe to reveal table. Click headings to sort. Best viewed on a laptop:
| CODE | NAME | 1 WEEK CHANGE | 1 MONTH CHANGE | 1 YEAR CHANGE | MARKET CAP |
|---|---|---|---|---|---|
| VKA | Viking Mines | 64.3% | 91.7% | 308.3% | $ 19,325,019.91 |
| AAU | Antilles Gold | 53.3% | 61.4% | 162.9% | $ 17,953,031.71 |
| PUR | Pursuit Minerals | 52.4% | 28.0% | 587.0% | $ 25,009,503.18 |
| RMX | Red Mount Min | 50.0% | 63.6% | 260.0% | $ 20,363,804.80 |
| ANL | Amani Gold | 50.0% | 50.0% | -25.0% | $ 18,773,993.49 |
| S2R | S2 Resources | 46.2% | 8.6% | 58.3% | $ 59,829,324.01 |
| NAE | New Age Exploration | 40.0% | 7.7% | 250.0% | $ 16,618,425.74 |
| TMX | Terrain Minerals | 37.5% | -15.4% | 175.0% | $ 8,093,371.10 |
| BNZ | Benzmining | 36.0% | 0.0% | 0.0% | $ 6,400,000.00 |
| CLA | Celsius Resources | 32.6% | 38.6% | 454.5% | $ 47,593,302.94 |
| DCN | Dacian Gold | 31.7% | 50.0% | -46.1% | $ 292,166,990.85 |
| AMG | Ausmex Mining | 31.3% | 28.6% | -16.0% | $ 31,758,961.98 |
| GED | Golden Deeps | 30.0% | -7.1% | -45.8% | $ 10,069,973.49 |
| KRM | Kingsrose Mining | 28.6% | 32.4% | 45.2% | $ 31,390,316.14 |
| FFX | Firefinch | 27.8% | 48.4% | 194.9% | $ 156,381,450.20 |
| FFX | Firefinch | 27.8% | 48.4% | 194.9% | $ 156,381,450.20 |
| SPQ | Superior Resources | 27.3% | -12.5% | 148.9% | $ 20,656,103.37 |
| GTR | Gti Resources | 26.1% | 26.1% | 262.5% | $ 19,335,539.94 |
| ARV | Artemis Resources | 26.1% | 20.8% | 480.0% | $ 164,830,825.97 |
| MSR | Manas Res | 25.0% | 7.1% | 275.0% | $ 20,702,051.99 |
| VAN | Vango Mining | 23.8% | 5.4% | -54.1% | $ 76,290,659.64 |
| ONX | Orminex | 23.1% | 18.5% | -58.4% | $ 17,251,269.38 |
| SBR | Sabre Resources | 22.2% | 10.0% | 450.0% | $ 18,513,700.14 |
| FML | Focus Minerals | 20.6% | 24.2% | 60.8% | $ 73,099,426.00 |
| RGL | Riversgold | 20.4% | 37.2% | 490.0% | $ 22,557,615.54 |
| GSN | Great Southern | 20.0% | 31.5% | 39.1% | $ 43,222,189.90 |
| VRC | Volt Resources | 20.0% | 9.1% | 9.1% | $ 25,953,937.21 |
| CST | Castile Resources | 19.6% | 19.6% | 0.0% | $ 61,910,137.51 |
| A1G | African Gold . | 19.6% | 48.6% | 72.7% | $ 12,454,130.52 |
| OKR | Okapi Resources | 19.2% | 16.3% | 142.2% | $ 10,792,818.00 |
| HMX | Hammer Metals | 18.8% | 2.7% | 72.7% | $ 29,121,080.43 |
| ARL | Ardea Resources | 18.5% | 6.7% | -11.1% | $ 57,451,761.90 |
| KTA | Krakatoa Resources | 18.5% | -1.3% | 92.5% | $ 20,363,350.00 |
| PKO | Peako Limited | 17.4% | 12.5% | 20.4% | $ 5,185,462.78 |
| MEU | Marmota Limited | 17.4% | 12.5% | 100.0% | $ 49,395,218.19 |
| HWK | Hawkstone Mng | 16.7% | 5.0% | 75.0% | $ 15,871,522.19 |
| CTO | Citigold Corp | 16.7% | 0.0% | 250.0% | $ 38,089,424.93 |
| ADV | Ardiden | 16.7% | 10.5% | 425.0% | $ 44,794,299.56 |
| CHN | Chalice Mining | 16.7% | 13.5% | 1585.2% | $ 1,513,452,178.56 |
| AAJ | Aruma Resources | 16.7% | 0.0% | 180.0% | $ 11,125,897.33 |
| M2R | Miramar | 16.1% | -5.8% | 0.0% | $ 14,146,219.20 |
| AAR | Anglo Australian | 16.0% | -3.3% | 52.6% | $ 88,351,257.60 |
| SRN | Surefire Rescs NL | 16.0% | -40.8% | 1060.0% | $ 28,101,313.03 |
| CEL | Challenger Exp | 15.9% | 8.0% | 97.9% | $ 132,582,522.96 |
| CWX | Carawine Resources | 15.6% | -5.5% | 10.6% | $ 27,222,475.50 |
| RDS | Redstone Resources | 15.4% | 25.0% | 87.5% | $ 7,411,820.22 |
| AQI | Alicanto Minerals | 15.0% | -11.5% | 173.8% | $ 39,230,095.32 |
| BAT | Battery Minerals | 15.0% | 4.5% | 283.3% | $ 44,908,017.90 |
| STK | Strickland Metals | 15.0% | -16.4% | 130.0% | $ 19,372,969.97 |
| SI6 | SI6 Metals | 14.3% | 39.1% | 966.7% | $ 43,508,910.03 |
| LNY | Laneway Res | 14.3% | 14.3% | 14.3% | $ 22,650,395.60 |
| ANX | Anax Metals | 13.6% | -23.1% | 350.0% | $ 13,449,908.45 |
| PRX | Prodigy Gold NL | 13.0% | -5.5% | -21.2% | $ 31,353,890.72 |
| HXG | Hexagon Energy | 12.7% | -6.1% | -3.1% | $ 18,674,730.27 |
| NAG | Nagambie Resources | 12.5% | -6.3% | 40.6% | $ 22,496,955.57 |
| AVW | Avira Resources | 12.5% | 0.0% | 350.0% | $ 12,375,360.00 |
| OKU | Oklo Resources | 12.2% | 12.2% | 48.4% | $ 113,406,707.70 |
| BDC | Bardoc Gold | 12.2% | 24.3% | 12.2% | $ 157,535,321.22 |
| KCN | Kingsgate Consolid. | 12.0% | 28.1% | 138.4% | $ 233,012,718.20 |
| TAM | Tanami Gold NL | 11.9% | 22.1% | 135.0% | $ 113,984,413.46 |
| SMI | Santana Minerals | 11.8% | -2.6% | -32.1% | $ 20,525,874.48 |
| CGN | Crater Gold Min | 11.8% | -9.5% | 58.3% | $ 23,322,421.47 |
| BAR | Barra Resources | 11.5% | -3.3% | 26.1% | $ 19,650,634.93 |
| TNR | Torian Resources | 10.7% | 3.3% | 258.8% | $ 23,913,080.92 |
| KZR | Kalamazoo Resources | 10.1% | 20.2% | 107.9% | $ 85,766,639.27 |
| GMR | Golden Rim Resources | 10.0% | 4.8% | -8.3% | $ 19,704,760.58 |
| MAT | Matsa Resources | 10.0% | -8.3% | -8.3% | $ 28,470,404.45 |
| VMC | Venus Metals | 10.0% | -8.3% | 18.9% | $ 36,258,883.92 |
| AUT | Auteco Minerals | 10.0% | 10.0% | 1275.0% | $ 172,389,682.96 |
| BRB | Breaker Res NL | 10.0% | 22.2% | -25.4% | $ 71,685,004.38 |
| CXU | Cauldron Energy | 9.8% | 21.6% | 125.0% | $ 19,711,978.53 |
| AXE | Archer Materials | 9.7% | 5.6% | 264.5% | $ 119,322,369.38 |
| NVA | Nova Minerals | 9.4% | 2.9% | 207.0% | $ 283,890,929.99 |
| TIE | Tietto Minerals | 9.3% | -6.8% | 46.4% | $ 183,590,734.68 |
| MTH | Mithril Resources | 9.1% | 26.3% | 140.0% | $ 50,089,803.50 |
| TMZ | Thomson Resources | 9.1% | 37.9% | 386.1% | $ 39,373,536.75 |
| ARN | Aldoro Resources | 9.1% | 12.5% | 9.1% | $ 12,280,448.56 |
| RVR | Red River Resources | 8.9% | 10.9% | 103.3% | $ 160,510,053.77 |
| KWR | Kingwest Resources | 8.8% | 8.8% | 2.7% | $ 28,433,363.73 |
| KAI | Kairos Minerals | 8.8% | -2.6% | 296.3% | $ 60,322,511.41 |
| SVL | Silver Mines Limited | 8.7% | 22.0% | 117.4% | $ 264,762,502.11 |
| AGS | Alliance Resources | 8.6% | 6.8% | 95.0% | $ 33,877,015.20 |
| GNM | Great Northern | 8.3% | -23.5% | 44.4% | $ 11,802,954.85 |
| OBM | Ora Banda Mining | 8.2% | 11.9% | 90.4% | $ 282,144,355.60 |
| ADN | Andromeda Metals | 8.2% | 24.0% | 561.1% | $ 635,054,708.97 |
| AMI | Aurelia Metals | 8.1% | 10.7% | 11.3% | $ 586,305,099.38 |
| MHC | Manhattan Corp | 8.0% | -10.0% | 440.0% | $ 35,809,524.71 |
| LCL | Los Cerros Limited | 8.0% | 22.7% | 101.5% | $ 60,941,337.86 |
| WCN | White Cliff Min | 8.0% | 8.0% | 350.0% | $ 14,479,775.77 |
| AWV | Anova Metals | 7.7% | 3.7% | 165.2% | $ 40,126,637.60 |
| BNR | Bulletin Res | 7.6% | 16.4% | 240.0% | $ 14,522,738.99 |
| AME | Alto Metals | 7.5% | 0.0% | 163.2% | $ 41,971,922.00 |
| PRS | Prospech Limited | 7.5% | -4.4% | 0.0% | $ 13,979,426.64 |
| MRZ | Mont Royal Resources | 7.4% | 5.5% | 16.0% | $ 9,577,084.70 |
| DRE | Drednought Resources | 7.3% | 0.0% | 214.3% | $ 47,498,796.26 |
| AQX | Alice Queen | 7.1% | 3.4% | 11.1% | $ 33,832,270.64 |
| GBZ | GBM Rsources | 7.1% | 7.1% | 336.9% | $ 60,397,577.10 |
| YRL | Yandal Resources | 7.0% | 2.2% | 94.6% | $ 42,729,648.86 |
| PNR | Pantoro Limited | 6.8% | 11.9% | 56.7% | $ 338,015,574.72 |
| MKR | Manuka Resources. | 6.8% | -14.1% | 0.0% | $ 38,371,888.53 |
| BC8 | Black Cat Syndicate | 6.4% | 6.4% | 112.9% | $ 82,753,250.25 |
| GRL | Godolphin Resources | 6.4% | -2.0% | -3.8% | $ 21,021,550.25 |
| RED | Red 5 Limited | 5.8% | 10.0% | -17.9% | $ 551,854,339.96 |
| DGO | DGO Gold Limited | 5.7% | -4.2% | 211.6% | $ 216,977,656.60 |
| SIH | Sihayo Gold | 5.6% | 5.6% | 9.3% | $ 73,709,228.26 |
| NCM | Newcrest Mining | 5.4% | -0.3% | -11.7% | $ 22,528,794,773.06 |
| BBX | BBX Minerals | 5.4% | 1.7% | 126.9% | $ 128,838,257.70 |
| RML | Resolution Minerals | 5.3% | 2.6% | -20.0% | $ 11,560,870.78 |
| NUS | Nusantara Resources | 5.3% | 0.0% | -10.4% | $ 64,196,441.96 |
| FAU | First Au | 5.3% | 0.0% | 81.8% | $ 10,761,692.72 |
| NML | Navarre Minerals | 5.0% | 0.0% | 75.0% | $ 117,205,562.47 |
| DEG | De Grey Mining | 4.9% | -3.6% | 1872.2% | $ 1,380,688,265.88 |
| MKG | Mako Gold | 4.8% | -8.3% | 57.1% | $ 28,296,576.22 |
| CBY | Canterbury Resources | 4.8% | 0.0% | -50.0% | $ 8,801,499.50 |
| RSG | Resolute Mining | 4.7% | 9.5% | -32.3% | $ 921,750,409.51 |
| EMR | Emerald Resources | 4.7% | 41.3% | 117.1% | $ 448,395,570.09 |
| PAK | Pacific American Hld | 4.5% | 4.5% | -19.1% | $ 7,235,452.70 |
| SAR | Saracen Mineral | 4.5% | 4.3% | 41.1% | $ 5,538,228,575.00 |
| RND | Rand Mining | 4.4% | 0.0% | -22.7% | $ 114,282,102.50 |
| OAU | Ora Gold Limited | 4.3% | 4.3% | 20.0% | $ 20,180,285.33 |
| TBR | Tribune Res | 4.3% | 1.6% | 13.6% | $ 325,826,758.17 |
| E2M | E2 Metals | 4.3% | -10.3% | 238.9% | $ 80,067,247.21 |
| REZ | Resourc & En Grp | 4.3% | -7.5% | 226.7% | $ 21,152,358.66 |
| AUC | Ausgold Limited | 4.3% | -2.0% | 250.0% | $ 62,416,777.97 |
| PNM | Pacific Nickel Mines | 4.2% | -20.6% | -50.0% | $ 7,488,729.40 |
| AL8 | Alderan Resource | 4.2% | 35.9% | 400.0% | $ 37,242,636.50 |
| BYH | Bryah Resources | 4.1% | 18.8% | 72.7% | $ 11,669,078.61 |
| HRN | Horizon Gold | 4.1% | 15.9% | 158.6% | $ 45,655,348.44 |
| GBR | Greatbould Resources | 4.1% | -3.8% | 43.4% | $ 9,402,988.50 |
| KSN | Kingston Resources | 3.8% | -8.5% | 50.0% | $ 73,226,105.94 |
| SLR | Silver Lake Resource | 3.6% | 3.3% | 37.9% | $ 1,688,216,728.23 |
| NST | Northern Star | 3.6% | 2.9% | 10.5% | $ 9,862,206,522.63 |
| MML | Medusa Mining | 3.6% | 2.2% | -6.2% | $ 166,235,440.80 |
| GML | Gateway Mining | 3.3% | -8.8% | 82.4% | $ 62,905,954.19 |
| AOP | Apollo Consolidated | 3.2% | -3.0% | 20.8% | $ 87,456,066.75 |
| TLM | Talisman Mining | 3.1% | -9.1% | 3.1% | $ 19,595,980.43 |
| AGG | AngloGold Ashanti | 3.0% | 3.0% | -6.3% | $ 562,900,997.15 |
| AZS | Azure Minerals | 2.9% | -30.5% | 282.1% | $ 166,366,289.34 |
| SNG | Siren Gold | 2.9% | -2.0% | 0.0% | $ 42,980,173.20 |
| MEI | Meteoric Resources | 2.7% | 28.3% | 120.0% | $ 102,421,140.04 |
| GOR | Gold Road Res | 2.6% | 9.2% | 0.4% | $ 1,223,095,399.72 |
| SKY | SKY Metals | 2.6% | -11.4% | 107.4% | $ 46,863,467.32 |
| MTC | Metalstech | 2.4% | 2.4% | 452.6% | $ 30,779,203.98 |
| EMU | EMU NL | 2.4% | -12.2% | 2.4% | $ 15,325,433.75 |
| RXL | Rox Resources | 2.0% | 0.0% | 92.6% | $ 102,491,423.15 |
| MVL | Marvel Gold Limited | 2.0% | -3.7% | -47.7% | $ 26,449,491.02 |
| NXM | Nexus Minerals | 1.9% | -5.4% | 170.4% | $ 30,518,958.88 |
| SBM | St Barbara Limited | 1.9% | -6.1% | -14.4% | $ 1,721,073,798.16 |
| RRL | Regis Resources | 1.9% | -0.3% | -11.8% | $ 1,971,304,254.15 |
| WWI | West Wits Mining | 1.4% | 4.3% | 554.5% | $ 89,995,441.88 |
| MGV | Musgrave Minerals | 1.4% | -8.5% | 316.7% | $ 193,153,590.10 |
| SSR | SSR Mining Inc. | 1.3% | 2.4% | 0.0% | $ 449,583,529.08 |
| RMS | Ramelius Resources | 1.2% | -1.7% | 26.3% | $ 1,423,870,388.16 |
| CAI | Calidus Resources | 1.0% | -12.8% | 96.2% | $ 169,765,887.88 |
| WAF | West African Res | 1.0% | 7.7% | 139.8% | $ 962,157,497.37 |
| MAU | Magnetic Resources | 0.9% | -0.8% | 143.3% | $ 255,082,224.86 |
| WGX | Westgold Resources. | 0.8% | 4.3% | 14.7% | $ 1,127,455,018.20 |
| CYL | Catalyst Metals | 0.5% | -20.8% | -30.8% | $ 201,416,765.94 |
| TTM | Titan Minerals | 0.0% | 0.0% | -31.4% | $ 131,037,035.55 |
| ZNC | Zenith Minerals | 0.0% | -10.3% | 106.3% | $ 38,266,803.90 |
| TSC | Twenty Seven Co. | 0.0% | 0.0% | -40.0% | $ 13,777,752.38 |
| TRM | Truscott Mining Corp | 0.0% | 0.0% | 125.0% | $ 2,302,947.79 |
| THR | Thor Mining PLC | 0.0% | -8.1% | 112.5% | $ 7,370,808.66 |
| SFM | Santa Fe Minerals | 0.0% | -4.1% | 34.3% | $ 6,844,966.17 |
| PDI | Predictive Disc | 0.0% | 7.0% | 587.2% | $ 64,072,378.57 |
| MLS | Metals Australia | 0.0% | 0.0% | 100.0% | $ 8,381,807.15 |
| MCT | Metalicity Limited | 0.0% | 0.0% | 419.2% | $ 31,396,383.34 |
| KGM | Kalnorth Gold | 0.0% | 0.0% | 116.7% | $ 11,625,120.78 |
| KAU | Kaiser Reef | 0.0% | 0.0% | 0.0% | $ 10,957,250.41 |
| ERM | Emmerson Resources | 0.0% | 2.6% | -34.2% | $ 37,662,602.17 |
| DTR | Dateline Resources | 0.0% | 25.0% | 0.0% | $ 20,525,195.19 |
| CHZ | Chesser Resources | 0.0% | 17.1% | 224.3% | $ 103,400,141.36 |
| CDT | Castle Minerals | 0.0% | -10.0% | 0.0% | $ 7,325,008.18 |
| AYM | Australia United Min | 0.0% | -11.1% | 100.0% | $ 14,740,619.88 |
| DDD | 3D Resources Limited | 0.0% | 0.0% | 100.0% | $ 16,269,174.41 |
| WMX | Wiluna Mining Corp | 0.0% | -2.8% | 6.9% | $ 164,146,824.80 |
| CY5 | Cygnus Gold Limited | 0.0% | 2.9% | 361.5% | $ 19,452,617.64 |
| ENR | Encounter Resources | 0.0% | 5.9% | 28.6% | $ 55,223,648.03 |
| RDN | Raiden Resources | 0.0% | 11.1% | 400.0% | $ 26,473,788.61 |
| CAZ | Cazaly Resources | 0.0% | -4.2% | 100.0% | $ 16,591,890.28 |
| HRZ | Horizon | 0.0% | 0.0% | 22.2% | $ 62,477,272.00 |
| DAU | Dampier Gold | 0.0% | -20.0% | 136.4% | $ 17,786,197.78 |
| SLZ | Sultan Resources | 0.0% | -8.3% | 272.9% | $ 15,645,237.53 |
| NPM | Newpeak Metals | 0.0% | 16.7% | 16.7% | $ 16,338,568.78 |
| EVN | Evolution Mining | -0.5% | -0.7% | 29.6% | $ 8,628,768,779.25 |
| PRU | Perseus Mining | -0.6% | 13.4% | 15.9% | $ 1,636,785,921.45 |
| SVY | Stavely Minerals | -0.6% | -17.4% | -14.2% | $ 215,293,197.90 |
| CDV | Cardinal Reso | -0.9% | -1.4% | 213.2% | $ 595,926,904.68 |
| NES | Nelson Resources. | -1.0% | 54.7% | 95.2% | $ 11,480,214.20 |
| GWR | GWR Group | -1.1% | 74.0% | 437.0% | $ 126,719,238.24 |
| STN | Saturn Metals | -1.5% | -7.2% | 103.2% | $ 69,417,286.40 |
| G88 | Golden Mile Res | -1.8% | 10.0% | 1.9% | $ 7,381,099.68 |
| TAR | Taruga Minerals | -1.9% | 2.0% | 325.0% | $ 24,231,679.82 |
| SAU | Southern Gold | -2.0% | 11.4% | -41.7% | $ 27,732,738.28 |
| BGL | Bellevue Gold | -2.0% | -19.3% | 103.2% | $ 957,597,157.13 |
| MOH | Moho Resources | -2.2% | -10.2% | 76.0% | $ 8,431,485.21 |
| CMM | Capricorn Metals | -2.2% | 5.1% | 41.9% | $ 619,154,652.60 |
| GMN | Gold Mountain | -2.3% | -4.4% | -41.9% | $ 31,981,784.23 |
| MEG | Megado | -2.4% | 14.3% | 0.0% | $ 8,404,693.29 |
| GSM | Golden State Mining | -2.6% | 0.0% | 183.6% | $ 10,760,878.00 |
| MZZ | Matador Mining | -2.7% | 4.3% | 56.5% | $ 65,534,222.22 |
| ALK | Alkane Resources | -2.9% | -9.1% | 48.4% | $ 562,642,416.00 |
| TSO | Tesoro Resources | -3.4% | -5.1% | 588.8% | $ 136,755,613.12 |
| PUA | Peak Minerals | -3.4% | 0.0% | 135.2% | $ 17,211,611.09 |
| BCN | Beacon Minerals | -5.1% | 0.0% | -7.5% | $ 106,080,432.90 |
| DTM | Dart Mining NL | -5.3% | -10.0% | 106.7% | $ 18,489,913.06 |
| ALY | Alchemy Resource | -5.6% | -10.5% | 58.1% | $ 12,100,382.15 |
| TRY | Troy Resources | -6.1% | 5.7% | -5.1% | $ 71,210,994.19 |
| DCX | Discovex Resources | -6.3% | 25.0% | 25.0% | $ 9,569,312.61 |
| GIB | Gibb River Diamonds | -7.1% | -52.7% | 44.4% | $ 17,132,265.05 |
| BRV | Big River Gold | -8.3% | -25.4% | 158.8% | $ 69,686,171.88 |
| NSM | Northstaw | -8.4% | -9.4% | 0.0% | $ 17,200,000.00 |
| MDI | Middle Island Res | -8.8% | 22.1% | 252.7% | $ 45,462,640.88 |
| FFR | Firefly Resources | -8.8% | -6.1% | 216.8% | $ 46,467,377.46 |
| NWM | Norwest Minerals | -10.0% | -10.0% | -50.0% | $ 9,795,616.11 |
| LCY | Legacy Iron Ore | -11.1% | 471.4% | 1900.0% | $ 256,136,779.20 |
| LEX | Lefroy Exploration | -13.0% | 0.0% | 8.1% | $ 24,001,933.40 |
| HAW | Hawthorn Resources | -18.5% | 15.8% | 88.2% | $ 36,686,717.43 |
| XTC | Xantippe Resources | -20.0% | 0.0% | 0.0% | $ 10,186,411.01 |
| GUL | Gullewa Limited | -23.1% | -9.1% | 257.1% | $ 18,237,310.00 |
It was a news-heavy week for this $20m market cap minnow.
On Monday it appointed new chief exec Julian Woodcock – a geologist with a proven history of discovering and developing new projects.
On Friday it picked up more ground near its high grade First Hit gold project in WA, where drilling in the 2000’s intercepted high grades like 9m at 64.7g/t just below a historic resource.
In May last year, Antilles – formerly PanTerra — finalised a joint venture to develop the La Demajagua gold-silver deposit in Cuba.
PanTerra wants to produce ~60,000 tonnes a year of concentrate grading around 47 grams per tonne (g/t) gold and 380g/t silver for at least six years.
A 25,000m drilling program kicks off this month to establish JORC resources. Feasibility studies for the stage one open pit mine should be completed by Q3 2022, Antilles says.
PURSUIT MINERALS (ASX:PUR) +52%
Pursuit began listed life as a gold explorer Riviera Resources in 2008, then became iron ore miner SAFM in 2010.
Low iron ore prices killed that dream. A reskinned Pursuit emerged in 2017 with a base metals focus, which evolved into vanadium (2018), nickel (2020) back to gold (2020) and then nickel copper PGE’s (late 2020).
Whew.
Any share price moves at the moment can probs be attributed to the company’s Warrior nickel copper PGE project which is a proverbial stone’s throw from Chalice’s (ASX:CHN) world class Julimar discovery near Perth in WA.
RED MOUNTAIN MINING (ASX:RMX) +50%
Why did Red Mountain’s share price spike on no news this week?
There are four possible reasons, the company says.
One: drill results from a maiden drill program at its high grade Mt Maitland gold project are expected on or after Tuesday, 12 January.
Two: access agreements for its Koonenberry gold project in NSW — adjacent to Manhattan Corporation’s (ASX: MHC) recent discovery — are expected around the middle of January.
Three: “The recent bullish increase in the gold price.”
And four: “The strong sentiment towards rare earths” as Red Mountain prepares to punch more holes into its Mt Mansbridge rare earths project in WA.
S2 Resources (ASX:S2R) – also known as ‘the crew that unearthed the world-class Nova deposit’ — took a share price hit after drilling a December duster in the Fraser Range of WA.
The explorer has now pared much of those losses after announcing significant gold hits at its recent gold discovery in Finland.
Highlights include 8m at 4.8g/t gold, 575m from a previous high grade intercept of 6.85m at 11.8g/t gold.
If they connect up this could be a decent sized gold system.
Mining
Mining
Mining
Get the latest Stockhead news delivered free to your inbox.
