Pic: John W Banagan / Stone via Getty Images
Gold Digger: Two charts that show how undervalued gold stocks really are
Mining
share
Gold stocks are cheap, experts keep saying.
Well-known analyst Jesse Felder has now demonstrated the “pathetic performance” of the US gold majors in handy chart form.
The US listed BANG stocks (Felder’s play on FANG) include gold giants Barrick, Agnico Eagle and Newmont/Goldcorp.
Below is the relative performance of the BANG stocks along with the gold price:
“With the l [gold price] soaring over the past five years, you would think that [BANG stocks] would be outperforming — and yet the miners’ performance has been absolutely pathetic compared to the S&P 500,” Felder says.
This is due in part to the outperformance of the wider stock market, led by FANG stocks like Facebook and Google. That gap could be closed if we enter another equity bear market.
But Felder also believes, like many others, that the gold price is just taking a breather:
“If you believe, as I do, that gold prices are only in the middle of a new longer-term bull market (as the history of prior bull markets for the precious metal would suggest) then gold miner shares are just far too cheap at today’s prices,” Felder says.
Gold price steady at ~US$1790/oz
The gold price continues to trade in a holding patten. It has barely moved over the past 6 months, gaining just 0.26%.
Despite a late week run, the price has dropped marginally over the past 7 days, from $US1795.48/oz to $US1786.5/oz.
This week 121 (46.5%) ASX gold stocks on our list went up, 87 (33.5%) went down, and 52 (20%) didn’t move.
A key catalyst for gold could come from the bond market. If inflation expectations rise faster than bond yields, that historically has been a reliable driver for rising gold prices.
Winners & Losers
Here’s how ASX-listed gold & silver 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 | 1 WEEK RETURN % | 1 MONTH RETURN % | 6 MONTH RETURN % | 1 YEAR RETURN % | SHARE PRICE [INTRADAY FRIDAY] | MARKET CAP |
|---|---|---|---|---|---|---|---|
| NPM | Newpeak Metals | 100 | 33 | 0 | -33 | 0.002 | $ 13,654,870.31 |
| PNM | Pacific Nickel Mines | 54 | 87 | 178 | 108 | 0.125 | $ 27,936,354.68 |
| AZL | Arizona Lithium | 49 | 87 | 78 | 508 | 0.073 | $ 115,258,853.40 |
| A8G | Australasian Gold | 35 | 109 | 0.72 | $ 28,594,460.62 | ||
| XTC | Xantippe Resources | 33 | 100 | 100 | 33 | 0.004 | $ 15,279,616.51 |
| AOP | Apollo Consolidated | 30 | 62 | 84 | 57 | 0.59 | $ 172,056,148.10 |
| SNG | Siren Gold | 25 | 61 | 10 | -21 | 0.395 | $ 27,859,120.14 |
| BNR | Bulletin Resources | 25 | 14 | 22 | 11 | 0.08 | $ 19,840,375.85 |
| PF1 | Pathfinder Resources | 24 | 0 | 44 | 0.36 | $ 17,962,646.40 | |
| PUA | Peak Minerals | 24 | 24 | -9 | -38 | 0.021 | $ 12,828,647.74 |
| RDS | Redstone Resources | 18 | 8 | 8 | -7 | 0.013 | $ 9,346,987.82 |
| HRN | Horizon Gold | 18 | 23 | 5 | 0 | 0.43 | $ 45,877,566.88 |
| FFR | Firefly Resources | 17 | -4 | 0 | -26 | 0.11 | $ 33,917,348.30 |
| ADN | Andromeda Metals | 17 | 50 | -22 | 62 | 0.21 | $ 529,233,689.89 |
| AWJ | Auric Mining | 17 | 0 | -22 | 0.14 | $ 7,765,709.98 | |
| ANX | Anax Metals | 16 | 15 | 45 | 350 | 0.11 | $ 35,018,389.00 |
| WRM | White Rock Minerals | 15 | 27 | -38 | -35 | 0.35 | $ 49,863,020.20 |
| AGS | Alliance Resources | 15 | 30 | 15 | -21 | 0.195 | $ 39,523,255.46 |
| HCH | Hot Chili | 14 | 26 | 17 | 12 | 0.048 | $ 205,435,708.63 |
| TRM | Truscott Mining Corp | 14 | 0 | 57 | 65 | 0.033 | $ 5,014,070.95 |
| BRB | Breaker Res NL | 14 | 25 | 38 | 53 | 0.33 | $ 110,785,915.86 |
| AWV | Anova Metals | 14 | 19 | 9 | -17 | 0.025 | $ 32,961,166.60 |
| CST | Castile Resources | 13 | 19 | 9 | -43 | 0.255 | $ 51,924,631.46 |
| DTM | Dart Mining NL | 13 | 18 | 0 | -28 | 0.13 | $ 12,493,184.50 |
| SAU | Southern Gold | 13 | 11 | -23 | -41 | 0.071 | $ 14,506,355.41 |
| TMX | Terrain Minerals | 13 | 13 | -18 | -31 | 0.009 | $ 6,621,849.08 |
| CY5 | Cygnus Gold Limited | 13 | 8 | -16 | -29 | 0.135 | $ 14,636,713.23 |
| AMI | Aurelia Metals | 13 | 21 | -15 | -26 | 0.3825 | $ 475,404,494.18 |
| HRZ | Horizon | 13 | 23 | 13 | 17 | 0.135 | $ 73,836,776.00 |
| ARL | Ardea Resources | 12 | 20 | 5 | 10 | 0.55 | $ 73,848,307.17 |
| WCN | White Cliff Min | 12 | 8 | -30 | -42 | 0.014 | $ 7,757,945.99 |
| NAG | Nagambie Resources | 12 | -1 | -4 | 34 | 0.075 | $ 37,494,925.95 |
| AZS | Azure Minerals | 12 | 17 | 15 | -14 | 0.38 | $ 117,699,573.98 |
| SMI | Santana Minerals | 12 | 109 | 85 | 14 | 0.24 | $ 28,508,159.00 |
| MKR | Manuka Resources. | 11 | 32 | -6 | -23 | 0.395 | $ 40,088,969.89 |
| EMU | EMU NL | 11 | 3 | -35 | -42 | 0.03 | $ 13,995,434.52 |
| SKY | SKY Metals | 11 | 9 | -38 | -52 | 0.1 | $ 32,644,617.08 |
| MCT | Metalicity Limited | 11 | 11 | -29 | -52 | 0.01 | $ 21,437,715.32 |
| IDA | Indiana Resources | 11 | 3 | -24 | 3 | 0.061 | $ 26,066,817.60 |
| IVR | Investigator Res | 11 | 22 | -14 | 36 | 0.072 | $ 96,648,102.31 |
| TSO | Tesoro Resources | 11 | 7 | -40 | -74 | 0.105 | $ 50,100,686.90 |
| VKA | Viking Mines | 11 | 31 | -43 | 15 | 0.021 | $ 21,446,427.05 |
| ALY | Alchemy Resource | 10 | 2 | -16 | -43 | 0.014 | $ 11,764,260.41 |
| AAJ | Aruma Resources | 10 | -7 | 26 | -22 | 0.088 | $ 10,832,689.26 |
| MAU | Magnetic Resources | 10 | 3 | 3 | 30 | 1.65 | $ 349,077,584.00 |
| AYM | Australia United Min | 10 | 22 | 10 | -42 | 0.011 | $ 20,268,352.34 |
| CTO | Citigold Corp | 10 | 10 | -15 | -31 | 0.011 | $ 31,170,250.00 |
| AM7 | Arcadia Minerals | 10 | -15 | 0.22 | $ 7,524,000.00 | ||
| TRN | Torrens Mining | 10 | 10 | 21 | 0.17 | $ 11,843,039.46 | |
| FML | Focus Minerals | 10 | 16 | -8 | -28 | 0.285 | $ 51,169,598.20 |
| PRS | Prospech Limited | 9 | -10 | -37 | 0 | 0.0755 | $ 4,888,575.38 |
| AUC | Ausgold Limited | 9 | 27 | -6 | -16 | 0.047 | $ 71,340,729.35 |
| BTR | Brightstar Resources | 9 | 71 | 37 | 71 | 0.048 | $ 25,807,734.30 |
| TTM | Titan Minerals | 9 | 4 | 20 | -14 | 0.12 | $ 173,914,187.25 |
| G88 | Golden Mile Res | 8 | 8 | -45 | -21 | 0.052 | $ 8,892,953.06 |
| GMR | Golden Rim Resources | 8 | 8 | -41 | -64 | 0.0065 | $ 19,772,098.07 |
| ZNC | Zenith Minerals | 8 | 24 | 18 | 73 | 0.26 | $ 84,008,275.78 |
| BDC | Bardoc Gold | 8 | 12 | -8 | -14 | 0.066 | $ 114,526,986.82 |
| M24 | Mamba Exploration | 8 | 5 | -22 | 0.2 | $ 7,400,000.00 | |
| VAN | Vango Mining | 8 | 3 | -13 | -31 | 0.068 | $ 70,346,777.66 |
| KSN | Kingston Resources | 8 | 8 | -5 | -25 | 0.21 | $ 60,092,456.97 |
| BAR | Barra Resources | 8 | 12 | 40 | -26 | 0.028 | $ 21,360,712.85 |
| DLC | Delecta Limited | 8 | 0 | 100 | 133 | 0.014 | $ 16,702,471.87 |
| CLA | Celsius Resource | 7 | 26 | -31 | -12 | 0.029 | $ 30,369,614.35 |
| LEX | Lefroy Exploration | 7 | 12 | -66 | 78 | 0.435 | $ 52,898,853.48 |
| MM8 | Medallion Metals. | 7 | 0 | -17 | 0.22 | $ 17,408,568.49 | |
| BAT | Battery Minerals | 7 | 7 | -17 | -50 | 0.015 | $ 29,444,835.46 |
| DCN | Dacian Gold | 7 | 21 | -41 | -43 | 0.235 | $ 227,346,050.94 |
| KZR | Kalamazoo Resources | 7 | 19 | -8 | -38 | 0.4 | $ 54,408,280.77 |
| QML | Qmines Limited | 7 | 23 | 0.4 | $ 21,078,175.20 | ||
| KNB | Koonenberrygold | 6 | 0.165 | $ 12,135,480.72 | |||
| NSM | Northstaw | 6 | 10 | -12 | -31 | 0.33 | $ 13,241,910.00 |
| OKR | Okapi Resources | 6 | 6 | 225 | 216 | 0.585 | $ 58,246,433.82 |
| CDT | Castle Minerals | 6 | 31 | 42 | 42 | 0.017 | $ 14,608,859.07 |
| RND | Rand Mining | 6 | 3 | -2 | -33 | 1.57 | $ 91,570,297.21 |
| ONX | Orminex | 6 | -19 | -38 | 30 | 0.035 | $ 18,628,413.82 |
| MRR | Minrex Resources | 6 | 13 | -22 | -36 | 0.018 | $ 10,518,966.99 |
| THR | Thor Mining PLC | 6 | 6 | 36 | -21 | 0.019 | $ 11,848,635.32 |
| DRE | Drednought Resources | 5 | 5 | 105 | 34 | 0.039 | $ 110,442,622.76 |
| TBA | Tombola Gold | 5 | 8 | -18 | -9 | 0.042 | $ 27,274,718.50 |
| MDI | Middle Island Res | 5 | 12 | -25 | -75 | 0.105 | $ 13,466,004.42 |
| CYL | Catalyst Metals | 5 | 12 | -7 | -19 | 2.1 | $ 206,421,018.30 |
| HXG | Hexagon Energy | 5 | 13 | -14 | 67 | 0.085 | $ 37,465,161.47 |
| AL8 | Alderan Resource | 5 | -12 | -38 | -63 | 0.043 | $ 18,299,341.44 |
| A1G | African Gold . | 5 | -12 | -8 | 80 | 0.22 | $ 19,405,647.24 |
| GTR | Gti Resources | 5 | -9 | 77 | 62 | 0.0345 | $ 31,042,296.11 |
| BRV | Big River Gold | 4 | -19 | -43 | -51 | 0.235 | $ 48,277,339.44 |
| G50 | Gold50Limited | 4 | 4 | 0.24 | $ 12,076,320.24 | ||
| MGV | Musgrave Minerals | 4 | 41 | 4 | -30 | 0.38 | $ 206,253,335.37 |
| OKU | Oklo Resources | 4 | 8 | -9 | -55 | 0.13 | $ 65,523,875.56 |
| BYH | Bryah Resources | 4 | -4 | -24 | -13 | 0.053 | $ 12,555,601.80 |
| KRM | Kingsrose Mining | 4 | 23 | -2 | 56 | 0.053 | $ 37,230,374.95 |
| ASO | Aston Minerals | 4 | 13 | 17 | 200 | 0.135 | $ 133,587,640.06 |
| MZZ | Matador Mining | 4 | 14 | 28 | 0 | 0.415 | $ 87,786,738.77 |
| CDR | Codrus Minerals | 4 | -7 | 0.14 | $ 6,000,000.00 | ||
| XAM | Xanadu Mines | 4 | -6 | -60 | -34 | 0.029 | $ 37,771,132.50 |
| TLM | Talisman Mining | 4 | 7 | 0 | 21 | 0.145 | $ 27,181,949.26 |
| KCC | Kincora Copper | 3 | -6 | -50 | 0.15 | $ 11,516,229.60 | |
| MOH | Moho Resources | 3 | 3 | -18 | -45 | 0.063 | $ 6,506,350.33 |
| VRC | Volt Resources | 3 | 3 | 52 | 167 | 0.032 | $ 79,433,314.65 |
| OZM | Ozaurum Resources | 3 | 7 | -9 | 0.16 | $ 8,582,400.00 | |
| ARV | Artemis Resources | 3 | 28 | 12 | -33 | 0.1 | $ 125,499,765.10 |
| PRX | Prodigy Gold NL | 3 | -13 | -24 | -28 | 0.034 | $ 20,391,966.21 |
| VMC | Venus Metals Cor | 3 | 3 | -11 | -36 | 0.17 | $ 27,949,556.36 |
| BNZ | Benzmining | 3 | 1 | -7 | 0.725 | $ 36,722,086.56 | |
| GBR | Greatbould Resources | 3 | 29 | 441 | 168 | 0.2 | $ 67,874,803.71 |
| ARN | Aldoro Resources | 3 | -12 | 11 | 327 | 0.41 | $ 37,133,707.38 |
| AAR | Anglo Australian | 3 | -4 | -25 | -52 | 0.082 | $ 48,886,697.60 |
| NES | Nelson Resources. | 2 | -2 | -49 | -43 | 0.043 | $ 8,354,564.39 |
| CAZ | Cazaly Resources | 2 | 12 | 4 | 2 | 0.047 | $ 17,369,473.55 |
| GBZ | GBM Rsources | 2 | 31 | 15 | -29 | 0.1375 | $ 70,953,302.98 |
| MVL | Marvel Gold Limited | 2 | 7 | 33 | -19 | 0.064 | $ 38,209,565.33 |
| NCM | Newcrest Mining | 1 | 7 | -10 | -21 | 25.085 | $ 20,383,517,621.32 |
| STN | Saturn Metals | 1 | 18 | 4 | -43 | 0.425 | $ 47,579,630.48 |
| DTR | Dateline Resources | 1 | 2 | -10 | 44 | 0.09 | $ 40,727,653.22 |
| YRL | Yandal Resources | 1 | -10 | 0 | -27 | 0.455 | $ 45,700,178.62 |
| ADT | Adriatic Metals | 1 | -1 | 26 | 35 | 2.81 | $ 518,987,577.28 |
| AME | Alto Metals Limited | 1 | 28 | 2 | 0 | 0.1 | $ 47,277,272.28 |
| WMC | Wiluna Mining Corp | 1 | 4 | 5 | -42 | 1.04 | $ 164,639,575.36 |
| CHN | Chalice Mining | 1 | -4 | 10 | 114 | 6.75 | $ 2,407,038,387.60 |
| MML | Medusa Mining | 1 | -2 | -9 | -12 | 0.755 | $ 155,904,975.75 |
| EMR | Emerald Res NL | 0 | 19 | 17 | 62 | 1.02 | $ 520,551,179.07 |
| SBR | Sabre Resources | 0 | 0 | -17 | -44 | 0.005 | $ 8,446,568.25 |
| PUR | Pursuit Minerals | 0 | -30 | -55 | 192 | 0.035 | $ 30,921,459.23 |
| REZ | Resourc & En Grp | 0 | 9 | 24 | -47 | 0.047 | $ 21,152,358.66 |
| DCX | Discovex Res | 0 | 11 | -29 | -17 | 0.005 | $ 12,843,320.38 |
| SIH | Sihayo Gold Limited | 0 | 0 | -29 | -60 | 0.01 | $ 36,854,614.13 |
| TMZ | Thomson Res | 0 | -14 | -23 | 6 | 0.085 | $ 44,961,200.49 |
| CWX | Carawine Resources | 0 | 8 | -20 | -44 | 0.2 | $ 23,411,328.93 |
| ENR | Encounter Resources | 0 | 0 | 38 | 7 | 0.22 | $ 71,270,217.68 |
| BBX | BBX Minerals | 0 | -3 | -21 | -55 | 0.19 | $ 87,024,080.25 |
| GMN | Gold Mountain | 0 | 5 | -49 | -49 | 0.02 | $ 21,402,983.40 |
| AQX | Alice Queen | 0 | -9 | -50 | -69 | 0.01 | $ 13,702,230.10 |
| GED | Golden Deeps | 0 | 0 | 0 | -20 | 0.012 | $ 9,310,217.28 |
| NAE | New Age Exploration | 0 | 0 | -45 | -39 | 0.011 | $ 15,794,888.01 |
| GUL | Gullewa Limited | 0 | -11 | -9 | -30 | 0.081 | $ 15,420,221.10 |
| LM8 | Lunnonmetalslimited | 0 | -21 | 0.4 | $ 32,172,065.52 | ||
| PGD | Peregrine Gold | 0 | 11 | 48 | 0.4 | $ 15,119,457.75 | |
| AVW | Avira Resources | 0 | 0 | -14 | -33 | 0.006 | $ 10,312,740.00 |
| TSC | Twenty Seven Co. | 0 | 20 | 0 | -25 | 0.006 | $ 13,304,069.53 |
| LCY | Legacy Iron Ore | 0 | 0 | -29 | 88 | 0.015 | $ 96,071,077.76 |
| TAM | Tanami Gold NL | 0 | 0 | -3 | -4 | 0.072 | $ 85,782,084.36 |
| KAI | Kairos Minerals | 0 | 0 | -3 | -56 | 0.03 | $ 51,972,639.28 |
| RML | Resolution Minerals | 0 | 11 | -28 | -53 | 0.021 | $ 11,174,054.58 |
| RVR | Red River Resources | 0 | 34 | 0 | 8 | 0.215 | $ 114,062,187.36 |
| AQI | Alicanto Min | 0 | 10 | 29 | -21 | 0.135 | $ 46,041,444.54 |
| DDD | 3D Resources Limited | 0 | 0 | -20 | -26 | 0.004 | $ 15,521,488.37 |
| GNM | Great Northern | 0 | -11 | -20 | -53 | 0.008 | $ 9,672,407.81 |
| RMX | Red Mount Min | 0 | -10 | -18 | -40 | 0.009 | $ 13,180,124.72 |
| SPQ | Superior Resources | 0 | 18 | 8 | 8 | 0.013 | $ 19,537,088.68 |
| CGN | Crater Gold Min | 0 | 0 | -6 | 42 | 0.017 | $ 20,867,429.74 |
| KGM | Kalnorth Gold | 0 | 0 | 0 | 0 | 0.013 | $ 11,625,120.78 |
| TRY | Troy Resources | 0 | 0 | -48 | -75 | 0.037 | $ 30,073,993.35 |
| MLS | Metals Australia | 0 | 0 | 0 | 0 | 0.002 | $ 10,477,114.72 |
| NUS | Nusantara Resources | 0 | 1 | 29 | 18 | 0.3475 | $ 80,506,369.93 |
| MHC | Manhattan Corp | 0 | 0 | -14 | -59 | 0.012 | $ 18,315,344.32 |
| MBK | Metal Bank | 0 | 11 | -9 | -17 | 0.01 | $ 11,890,683.04 |
| BGD | Bartongoldholdings | 0 | 3 | 0.18 | $ 15,451,199.28 | ||
| FG1 | Flynngold | 0 | 3 | 0.15 | $ 9,383,087.75 | ||
| TAR | Taruga Minerals | 0 | 0 | -14 | -18 | 0.049 | $ 25,090,940.29 |
| IPT | Impact Minerals | 0 | -12 | -17 | -38 | 0.015 | $ 30,356,923.79 |
| SVL | Silver Mines Limited | 0 | 13 | -4 | 0 | 0.215 | $ 284,083,220.74 |
| ZAG | Zuleika Gold | 0 | -8 | -45 | -66 | 0.022 | $ 9,022,054.21 |
| SBM | St Barbara Limited | 0 | 14 | -27 | -47 | 1.535 | $ 1,085,576,384.97 |
| BCN | Beacon Minerals | 0 | 0 | -3 | 1 | 0.033 | $ 120,305,049.32 |
| PNX | PNX Metals Limited | 0 | 17 | -13 | -36 | 0.007 | $ 27,391,451.33 |
| MTH | Mithril Resources | 0 | 7 | -17 | -53 | 0.015 | $ 38,703,495.62 |
| RED | Red 5 Limited | 0 | 26 | 38 | -8 | 0.27 | $ 647,999,179.30 |
| TCG | Turaco Gold Limited | 0 | 43 | 131 | 114 | 0.15 | $ 47,228,223.56 |
| GSN | Great Southern | 0 | 62 | 31 | -20 | 0.076 | $ 38,430,191.92 |
| NXM | Nexus Minerals | 0 | 43 | 406 | 150 | 0.45 | $ 109,759,993.60 |
| ANL | Amani Gold | 0 | 50 | 200 | 50 | 0.003 | $ 55,163,796.32 |
| AGG | AngloGold Ashanti | 0 | 25 | -13 | -33 | 5.04 | $ 445,146,747.35 |
| WGX | Westgold Resources. | -1 | 17 | -14 | -30 | 1.95 | $ 831,845,004.53 |
| TBR | Tribune Res | -1 | 1 | -8 | -30 | 5 | $ 278,605,488.87 |
| NML | Navarre Minerals | -1 | 7 | -32 | -59 | 0.092 | $ 67,005,326.50 |
| S2R | S2 Resources | -1 | -5 | -48 | -66 | 0.089 | $ 31,004,612.39 |
| STK | Strickland Metals | -1 | 87 | 340 | -18 | 0.088 | $ 96,092,907.33 |
| MTC | Metalstech | -1 | 31 | 318 | 239 | 0.42 | $ 70,832,450.75 |
| NWM | Norwest Minerals | -1 | 15 | 19 | -25 | 0.082 | $ 14,809,796.55 |
| MRZ | Mont Royal Resources | -1 | 18 | 20 | 6 | 0.36 | $ 13,635,617.40 |
| ERM | Emmerson Resources | -1 | 6 | -11 | -21 | 0.068 | $ 34,378,455.74 |
| FFX | Firefinch | -2 | 2 | 115 | 189 | 0.635 | $ 597,296,394.69 |
| MAT | Matsa Resources | -2 | 5 | -26 | -56 | 0.061 | $ 21,847,431.82 |
| ICL | Iceni Gold | -2 | 30 | 19 | 0.28 | $ 32,340,598.11 | |
| CEL | Challenger Exp | -2 | 2 | -11 | 34 | 0.275 | $ 267,800,616.88 |
| MEI | Meteoric Resources | -2 | -22 | -55 | -60 | 0.025 | $ 33,432,288.48 |
| WAF | West African Res | -2 | 43 | 34 | 33 | 1.37 | $ 1,224,204,426.51 |
| PNR | Pantoro Limited | -2 | 5 | 0 | 0 | 0.21 | $ 295,889,726.58 |
| NST | Northern Star | -2 | 2 | -14 | -42 | 9.45 | $ 10,982,283,606.57 |
| WWI | West Wits Mining | -2 | -13 | -52 | -29 | 0.041 | $ 65,461,893.88 |
| GML | Gateway Mining | -3 | 32 | -36 | -8 | 0.0185 | $ 34,265,440.80 |
| BC8 | Black Cat Syndicate | -3 | 6 | -27 | -26 | 0.55 | $ 77,444,296.05 |
| SLR | Silver Lake Resource | -3 | 23 | -9 | -29 | 1.62 | $ 1,403,240,931.77 |
| CMM | Capricorn Metals | -3 | 19 | 45 | 44 | 2.59 | $ 931,812,745.49 |
| AUT | Auteco Minerals | -3 | 3 | -15 | -41 | 0.0795 | $ 133,374,314.88 |
| EVN | Evolution Mining | -3 | 1 | -20 | -35 | 3.78 | $ 6,891,851,557.44 |
| CAI | Calidus Resources | -3 | 10 | 44 | -14 | 0.605 | $ 239,957,008.20 |
| POL | Polymetals Resources | -3 | 4 | 0.14 | $ 5,241,139.70 | ||
| LCL | Los Cerros Limited | -3 | 12 | -18 | -26 | 0.14 | $ 85,855,457.93 |
| PRU | Perseus Mining | -4 | 13 | 25 | 26 | 1.635 | $ 2,049,039,181.90 |
| SSR | SSR Mining Inc. | -4 | 1 | 2 | -22 | 21.19 | $ 442,485,151.29 |
| KWR | Kingwest Resources | -4 | 8 | 4 | -40 | 0.13 | $ 26,034,648.88 |
| RRL | Regis Resources | -4 | 10 | -19 | -54 | 2.21 | $ 1,660,508,757.60 |
| RGL | Riversgold | -4 | -14 | -54 | -60 | 0.024 | $ 9,697,012.70 |
| AGC | AGC | -4 | -4 | -29 | 0.12 | $ 8,465,910.50 | |
| AGC | AGC | -4 | -4 | -29 | 0.12 | $ 8,465,910.50 | |
| SI6 | SI6 Metals Limited | -4 | 0 | -20 | 0 | 0.012 | $ 17,137,727.82 |
| PKO | Peako Limited | -4 | -15 | -34 | -36 | 0.023 | $ 7,094,444.32 |
| KAU | Kaiser Reef | -4 | 5 | -29 | -44 | 0.225 | $ 27,544,660.65 |
| MEU | Marmota Limited | -4 | -12 | 0 | -8 | 0.044 | $ 42,615,482.36 |
| TG1 | Techgen Metals | -5 | 14 | -22 | 0.21 | $ 8,091,044.85 | |
| MKG | Mako Gold | -5 | 14 | 15 | -9 | 0.105 | $ 39,179,764.21 |
| DEX | Duke Exploration | -5 | -13 | -41 | 0.205 | $ 18,042,230.40 | |
| HMX | Hammer Metals | -5 | -13 | -45 | 27 | 0.061 | $ 52,877,150.50 |
| BGL | Bellevue Gold | -5 | 3 | -14 | -34 | 0.8575 | $ 838,888,321.45 |
| CBY | Canterbury Resources | -5 | 6 | -9 | -31 | 0.1 | $ 12,019,853.00 |
| GWR | GWR Group | -5 | 5 | -52 | -15 | 0.1475 | $ 48,445,830.88 |
| RSG | Resolute Mining | -5 | 7 | -17 | -54 | 0.4325 | $ 485,712,790.64 |
| EM2 | Eagle Mountain | -5 | 8 | -25 | 76 | 0.74 | $ 173,328,732.72 |
| PDI | Predictive Disc | -5 | 42 | 103 | 203 | 0.185 | $ 244,147,970.16 |
| RMS | Ramelius Resources | -5 | 11 | -12 | -27 | 1.54 | $ 1,247,072,312.79 |
| BMO | Bastion Minerals | -5 | 8 | 26 | 0.265 | $ 18,730,003.90 | |
| HAW | Hawthorn Resources | -6 | 6 | -11 | -53 | 0.051 | $ 17,009,296.26 |
| GOR | Gold Road Res | -6 | 6 | 3 | -10 | 1.325 | $ 1,172,136,632.87 |
| KCN | Kingsgate Consolid. | -6 | 83 | 73 | 91 | 1.555 | $ 368,498,554.25 |
| BMR | Ballymore Resources | -6 | -8 | 0 | 0 | 0.245 | $ 17,512,129.85 |
| ALK | Alkane Resources | -6 | 16 | 17 | -34 | 0.895 | $ 553,892,580.60 |
| OAU | Ora Gold Limited | -6 | -6 | -27 | -30 | 0.016 | $ 13,473,523.55 |
| SFM | Santa Fe Minerals | -6 | -6 | -20 | -2 | 0.08 | $ 5,825,503.12 |
| AXE | Archer Materials | -6 | -24 | 76 | 206 | 1.53 | $ 358,877,061.00 |
| TIE | Tietto Minerals | -6 | 39 | 56 | -21 | 0.445 | $ 200,800,407.86 |
| TNR | Torian Resources | -6 | 0 | -37 | -12 | 0.029 | $ 29,070,036.56 |
| GRL | Godolphin Resources | -6 | -6 | -28 | -51 | 0.145 | $ 12,616,690.65 |
| SRN | Surefire Rescs NL | -7 | 0 | -46 | -56 | 0.014 | $ 16,012,500.93 |
| GIB | Gibb River Diamonds | -7 | 14 | 24 | -35 | 0.084 | $ 17,343,774.49 |
| AAU | Antilles Gold | -7 | -5 | -13 | 117 | 0.077 | $ 23,104,377.04 |
| ICG | Inca Minerals | -7 | -11 | -11 | 92 | 0.125 | $ 62,522,839.21 |
| RDN | Raiden Resources | -7 | 9 | 4 | -47 | 0.025 | $ 28,235,754.41 |
| SLZ | Sultan Resources | -8 | 13 | -5 | -31 | 0.18 | $ 12,516,190.02 |
| E2M | E2 Metals | -8 | -15 | -34 | 2 | 0.23 | $ 34,608,378.99 |
| ADV | Ardiden | -8 | -15 | -31 | -73 | 0.011 | $ 23,686,688.92 |
| FAU | First Au | -8 | -27 | -31 | -52 | 0.011 | $ 8,451,145.34 |
| RXL | Rox Resources | -8 | -4 | -32 | -57 | 0.38 | $ 59,890,893.32 |
| OBM | Ora Banda Mining | -9 | -4 | -62 | -71 | 0.096 | $ 94,499,776.99 |
| LNY | Laneway Res | -9 | 0 | -17 | -29 | 0.005 | $ 19,520,329.67 |
| DGO | DGO Gold Limited | -9 | -6 | -18 | -22 | 2.79 | $ 231,664,691.94 |
| MEG | Megado | -10 | 0 | -42 | 0.095 | $ 4,089,635.81 | |
| NMR | Native Mineral Res | -10 | 7 | -19 | 0.235 | $ 6,627,105.00 | |
| KTA | Krakatoa Resources | -11 | -11 | -1 | -35 | 0.0595 | $ 17,387,885.10 |
| SVY | Stavely Minerals | -12 | 6 | -26 | -36 | 0.435 | $ 117,432,653.40 |
| M2R | Miramar | -12 | -5 | -22 | -10 | 0.18 | $ 8,498,703.60 |
| DEG | De Grey Mining | -12 | 14 | -15 | -10 | 1.11 | $ 1,564,018,364.81 |
| RDT | Red Dirt Metals | -12 | 182 | 355 | 220 | 0.705 | $ 103,229,951.58 |
| BEZ | Besragoldinc | -13 | 0.14 | $ 27,495,993.60 | |||
| CHZ | Chesser Resources | -14 | -11 | 4 | -52 | 0.125 | $ 60,514,496.25 |
| NVA | Nova Minerals | -14 | 11 | 3 | -9 | 0.155 | $ 286,406,009.12 |
| PAK | Pacific American Hld | -15 | 6 | -17 | -9 | 0.017 | $ 5,415,943.30 |
| CXU | Cauldron Energy | -16 | -27 | -31 | -16 | 0.027 | $ 13,756,221.64 |
| GSM | Golden State Mining | -22 | -22 | -19 | -64 | 0.105 | $ 8,724,238.43 |
$14m market cap NPM has gold exploration projects in Finland and Argentina. This week, there was news from both.
The first drill hole at the ‘Satulinmäki’ prospect in Finland hit promising 5m at 1.8g/t gold from 20m (including 3m at 2.7g/t from 22m and 1m at 4.3g/t from 23m). To date, 5 holes for 921m have been completed.
Meanwhile, sampling at ‘Las Opeñas’ in Argentina has confined anomalous gold and silver at surface across a 600 x 100m geophysical anomaly.
The sample results reinforce that Las Opeñas is a priority target for drilling, NPM says.
Signs of the boom are back, as AOP’s friendly takeover by Ramelius Resources (ASX:RMS) turns into a bidding war.
Fellow AOP suitor Gold Road Resources (ASX:GOR) one-upped its mid-tier colleague, with a $166 million all cash offer for the junior explorer yesterday morning.
Apollo owns the 1.1Moz Lake Rebecca gold project around 100km east of Kalgoorlie.
GOR’s 56c a share all cash offer would appear to trump the cash and scrip bid from Ramelius, which would have handed Apollo’s shareholders $99m all up in cash at 34c plus the balance in shares.
The Gold Road bid is a 23% premium to Apollo’s 45.5c closing price on October 14, before Apollo entered a trading halt ahead of the Ramelius deal, a 40% premium to the 30 day VWAP of 40c and a 73% premium to its 6 month VWAP of 32.4c.
Apollo stock hit a 12 month low of just 27c on December 15 last year.
Gold Road has also built a 19.9% stake in Apollo after picking up a number of shares at the 56c off-market offer price, effectively blocking the Ramelius bid which has a 90% minimum acceptance condition.
Apollo’s board, which recommended shareholders accept the Ramelius offer, has advised shareholders to take no action in regards to the Gold Road bid until it has prepared a target’s statement.
PUA is spinning out its gold exploration assets into new vehicle Vertex Minerals, which has lodged a prospectus to raise $5.5m at 20c per share.
The company’s assets will include:
- The ‘Hill End’ project — located in the region where the largest single piece of reef gold ever discovered was found — in the Lachlan Fold Belt of NSW
- The ‘Hargraves’ project, 30km north of Hill End, a 4km by 10km goldfield “with numerous mineralised structures”
- The ‘Pride of Elvire’ and ‘Taylors Rock ‘projects in WA
The expected date for quotation on ASX is 21 December, 2021.
