• Gold hit a new record this week ahead of US Fed rate cut
  • World Gold Council looking for recovery in Western ETF demand
  • Mithril leads the gains on silver and gold hits in Mexico

Our Gold Digger column wraps all the news driving ASX stocks with exposure to precious metals.

 

The rate cut cycle the market has long priced in has finally arrived as Jerome Powell delivered a one-two punch, announcing the US Federal Reserve’s first cut since a hike cycle stretching back to March 2022 began on Wednesday.

It should have been manna from heaven for miners, and was in the Australian market at least, though gold prices retraced from record highs as chair Powell pulled back in his post meeting comments on calling an aggressive cutting program after the 50bps drop.

Gold is typically the biggest beneficiary when it comes to rate cuts.

The cost of holding it relative to cash declines, and if the market remains concerned about external factors like inflation, recession and war, bullion buying tends to come into vogue.

Yet prices came down from record highs as soft landing hopes led the US dollar up and stocks in the US were pared back.

Having struck an ATH of US$2584/oz on the London market on Monday, prices by Wednesday’s close were back down to US$2570/oz, before rebounding to US$2575/oz on Thursday.

That’s still a gain of around 25% YTD, not something any gold miner should be unhappy about, especially with a weak Aussie dollar pinning prices for domestic producers at around $3780/oz.

Gold prices have stunned in 2024. Pic: LBMA

Don’t ETF it up

World Gold Council global head of central banks and head of Asia-Pacific ex-China Shaokai Fan said lower interest rates had the potential to bring the western ETF market back into play, a clear laggard behind central banks and eastern ETFs in gold demand in recent years.

“Lower interest rates tend to be favourable for gold, as they reduce the opportunity cost of holding the asset. While the Fed rate cut is likely already priced into various asset classes due to its well-telegraphed nature, there remains potential for increased investor interest in gold,” he said.

“In particular, we may see further inflows into gold ETFs and retail gold products, especially in Western markets. This is consistent with the broader sentiment that lower rates enhance gold‘s appeal as a safe haven, particularly as global regulatory standards evolve, and economic uncertainty persists.

“Investors seeking diversification and capital protection in these volatile times may increasingly turn to gold, buoyed by its stability and traditional role as a hedge.”

Typically gold equities have trailed the move in gold prices because, like your children, gold management teams can disappoint you.

Unlike bulk exporters such as iron ore producers, gold miners typically live on thin margins. It requires a large amount of processing to extract often imperceptible grains of gold from hard rock, meaning the gulf between the amount of ore extracted versus that which has economic value is very large.

Virtually all gold miners are also part-way refiners, operating gold rooms at the back end of their plants that pump out a ~80% pure gold dore bar, whereas other commodities miners can economically ship low-grade concentrates and even direct shipping ore.

As prices go up margins lift, but they also get chewed up as miners extend the lives of their operations by processing higher-cost ore that was previously uneconomic.

So far this year the gold miners in the All Ordinaries, the index of the top 500 companies on the ASX, are up 17.3%, trailing the gold price. But on a 12 month basis they are up a healthy 29.3%. The sub-index has around 700 points to lift to hit record levels set in August 2020, when prices hit a then record of US$2067/oz.

Winners & Losers

Here’s how ASX-listed precious metals stocks are performing:

Stocks missing from this list? Email [email protected]

 

CODE COMPANY PRICE WEEK % MONTH % 6 MONTH % YEAR % YTD % MARKET CAP
MRR Minrex Resources Ltd 0.0095 0% 19% -32% -37% -44% $ 9,763,807.53
NPM Newpeak Metals 0.017 21% 31% 90% -81% 19% $ 5,191,886.11
ASO Aston Minerals Ltd 0.013 0% 44% -7% -68% -46% $ 16,835,835.50
MTC Metalstech Ltd 0.175 6% -5% 9% -3% -20% $ 33,465,925.11
GED Golden Deeps 0.038 -7% 19% -12% -34% -17% $ 5,909,371.61
G88 Golden Mile Res Ltd 0.009 0% -10% -18% -76% -53% $ 3,701,005.70
LAT Latitude 66 Limited 0.11 10% -4% -45% -56% -45% $ 15,687,768.03
NMR Native Mineral Res 0.021 0% 0% 5% -60% 5% $ 8,365,835.60
AQX Alice Queen Ltd 0.008 -11% 14% 60% -28% 60% $ 9,175,120.54
SLZ Sultan Resources Ltd 0.006 0% 0% -54% -77% -73% $ 1,185,518.93
MKG Mako Gold 0.009 0% 0% -31% -53% -10% $ 8,386,262.14
KSN Kingston Resources 0.082 11% 3% 9% -4% 7% $ 56,561,597.68
AMI Aurelia Metals Ltd 0.175 9% -3% 25% 75% 59% $ 287,565,978.94
PNX PNX Metals Limited 0.004 0% 0% -20% 33% 33% $ 23,880,859.02
GIB Gibb River Diamonds 0.041 14% 11% 52% 37% 37% $ 8,671,887.25
KCN Kingsgate Consolid. 1.285 0% -8% 4% 6% -7% $ 332,499,682.68
TMX Terrain Minerals 0.003 -25% 0% -33% -25% -40% $ 5,298,086.41
BNR Bulletin Res Ltd 0.042 -2% -7% -36% -48% -70% $ 12,331,759.57
NXM Nexus Minerals Ltd 0.044 -2% -6% -12% -17% -6% $ 22,370,957.36
SKY SKY Metals Ltd 0.04 25% 29% 21% -11% 11% $ 24,761,232.97
LM8 Lunnonmetalslimited 0.15 -8% 3% -45% -81% -75% $ 33,070,312.05
CST Castile Resources 0.076 1% 7% 10% 36% -7% $ 17,900,779.60
YRL Yandal Resources 0.11 -4% -12% 22% 116% 33% $ 29,458,837.54
FAU First Au Ltd 0.0015 -25% -25% -25% -57% -50% $ 2,717,989.92
ARL Ardea Resources Ltd 0.4 -7% -15% -46% -35% -16% $ 81,869,995.15
GWR GWR Group Ltd 0.08 -2% 0% -24% -16% -16% $ 26,339,765.71
IVR Investigator Res Ltd 0.038 12% -7% -10% -7% 0% $ 58,788,544.24
GTR Gti Energy Ltd 0.004 0% 33% -50% -56% -50% $ 12,749,735.46
IPT Impact Minerals 0.013 0% -7% -13% 8% 18% $ 39,772,638.33
BNZ Benzmining 0.165 32% 18% 3% -65% -34% $ 16,026,888.90
MOH Moho Resources 0.006 0% 50% 0% -25% -40% $ 3,235,069.18
BCM Brazilian Critical 0.013 -7% -13% -46% -68% -50% $ 10,799,612.53
PUA Peak Minerals Ltd 0.0025 25% 0% 1% 1% 1% $ 3,711,612.43
MRZ Mont Royal Resources 0.052 2% -7% -26% -77% -65% $ 4,421,549.24
SMS Starmineralslimited 0.046 35% 48% 31% 15% 15% $ 3,125,852.10
MVL Marvel Gold Limited 0.011 22% 10% 22% 10% -8% $ 9,501,697.73
PRX Prodigy Gold NL 0.002 0% -10% -44% -72% -62% $ 4,235,548.97
AAU Antilles Gold Ltd 0.003 -25% -25% -83% -87% -87% $ 5,567,228.18
CWX Carawine Resources 0.094 4% 3% -10% -13% -15% $ 21,723,541.31
RND Rand Mining Ltd 1.72 11% 11% 26% 26% 26% $ 92,707,816.43
CAZ Cazaly Resources 0.014 -7% -18% -22% -66% -52% $ 6,458,241.87
BMR Ballymore Resources 0.145 4% 26% 26% 32% 16% $ 24,742,281.90
DRE Dreadnought Resources Ltd 0.0155 3% -14% -9% -71% -48% $ 56,070,000.00
ZNC Zenith Minerals Ltd 0.043 23% -10% -57% -54% -71% $ 15,152,377.97
REZ Resourc & En Grp Ltd 0.025 14% -4% 150% 56% 79% $ 16,728,478.05
LEX Lefroy Exploration 0.072 -5% -6% -35% -64% -59% $ 15,234,844.63
ERM Emmerson Resources 0.0495 -1% -8% -3% -24% -16% $ 27,235,489.40
AM7 Arcadia Minerals 0.037 23% 6% -46% -66% -49% $ 4,330,853.70
ADT Adriatic Metals 3.32 10% 10% -11% -11% -17% $ 918,153,898.32
AS1 Asara Resources Ltd 0.016 60% 33% 78% -36% 60% $ 12,350,454.90
CYL Catalyst Metals 2.63 6% 23% 335% 466% 227% $ 598,323,741.60
CHN Chalice Mining Ltd 1.4275 24% 40% 30% -47% -16% $ 571,869,378.36
KAL Kalgoorliegoldmining 0.024 -8% -4% -11% -14% -11% $ 5,310,639.31
MLS Metals Australia 0.026 8% 18% 18% -21% -30% $ 17,453,268.58
ADN Andromeda Metals Ltd 0.007 0% -56% -70% -71% -72% $ 25,452,032.07
MEI Meteoric Resources 0.1 0% 0% -57% -61% -62% $ 222,247,487.66
SRN Surefire Rescs NL 0.006 0% 0% -40% -60% -29% $ 11,917,846.88
WA8 Warriedarresourltd 0.058 -9% -9% 18% -24% 9% $ 44,262,139.89
HMX Hammer Metals Ltd 0.036 -5% -14% -3% -32% -31% $ 31,910,664.56
WCN White Cliff Min Ltd 0.02 25% 33% 43% 82% 122% $ 32,587,748.28
AVM Advance Metals Ltd 0.022 -4% 10% -39% -80% -40% $ 3,706,981.83
WRM White Rock Min Ltd 0 -100% -100% -100% -100% -100% $ 17,508,200.09
ASR Asra Minerals Ltd 0.0055 -8% -8% 10% -31% -21% $ 13,389,347.98
MCTDB Metalicity Limited 0.024 60% 20% -4% 60% -4% $ 8,922,525.13
AME Alto Metals Limited 0.065 5% 12% 132% 38% 51% $ 46,177,483.01
CTO Citigold Corp Ltd 0.005 11% 0% 25% 11% 0% $ 15,000,000.00
TIE Tietto Minerals 0 -100% -100% -100% -100% -100% $ 773,881,054.43
SMI Santana Minerals Ltd 2.15 2% 33% 73% 264% 113% $ 449,640,351.05
M2R Miramar 0.009 13% 29% -47% -81% -55% $ 3,571,409.57
MHC Manhattan Corp Ltd 0.001 0% 0% -60% -85% -70% $ 3,092,533.34
GRL Godolphin Resources 0.016 14% 23% -50% -62% -59% $ 3,422,259.54
SVG Savannah Goldfields 0.025 -14% 4% -17% -61% -50% $ 7,027,122.90
EMC Everest Metals Corp 0.12 9% 4% 52% -4% 50% $ 22,353,973.08
GUL Gullewa Limited 0.065 0% 0% 18% 18% 18% $ 13,310,251.50
CY5 Cygnus Metals Ltd 0.075 10% 36% 50% -62% -44% $ 27,724,296.97
G50 G50Corp Ltd 0.145 7% 0% 45% -6% 7% $ 17,531,950.00
ADV Ardiden Ltd 0.135 0% 13% -18% -48% -23% $ 8,439,863.31
AAR Astral Resources NL 0.11 5% 39% 80% 51% 51% $ 102,871,728.96
VMC Venus Metals Cor Ltd 0.062 -2% -7% -28% -52% -38% $ 11,763,178.35
NAE New Age Exploration 0.004 -20% 0% 0% -50% -33% $ 7,175,595.64
VKA Viking Mines Ltd 0.009 0% 13% -18% -10% -36% $ 9,563,325.88
LCL LCL Resources Ltd 0.011 -8% 38% -8% -62% -35% $ 9,648,780.26
MTH Mithril Silver Gold 0.33 214% 154% 65% 65% 65% $ 21,130,625.51
ADG Adelong Gold Limited 0.004 0% 0% 0% -50% -20% $ 4,471,955.83
RMX Red Mount Min Ltd 0.001 0% -33% -43% -71% -62% $ 3,873,577.31
PRS Prospech Limited 0.038 23% 15% 6% 41% 23% $ 11,802,482.45
TTM Titan Minerals 0.465 13% 11% 60% 18% 66% $ 81,343,126.89
NML Navarre Minerals Ltd 0.019 0% 0% 0% 0% 0% $ 28,555,653.83
AAM Aumegametals 0.045 0% 5% 13% -20% -4% $ 25,256,147.57
KZR Kalamazoo Resources 0.079 -4% 18% -11% -25% -34% $ 14,587,041.07
BCN Beacon Minerals 0.022 -6% -4% -12% -12% -12% $ 86,405,667.93
MAU Magnetic Resources 1.38 3% -13% 36% 73% 35% $ 359,651,741.40
BC8 Black Cat Syndicate 0.365 -1% 4% 83% 49% 46% $ 161,902,932.11
EM2 Eagle Mountain 0.046 5% -8% -34% -44% -38% $ 17,286,496.57
EMR Emerald Res NL 3.885 1% -2% 39% 48% 29% $ 2,516,128,178.41
BYH Bryah Resources Ltd 0.005 0% 25% -55% -69% -62% $ 2,516,434.28
HCH Hot Chili Ltd 0.8 2% -4% -29% -41% -26% $ 115,079,542.00
WAF West African Res Ltd 1.6825 21% 17% 60% 98% 78% $ 1,866,579,072.44
MEU Marmota Limited 0.036 -3% -10% -20% 6% -16% $ 39,116,820.67
NVA Nova Minerals Ltd 0.16 3% 0% -40% -35% -56% $ 38,969,100.96
SVL Silver Mines Limited 0.096 2% 20% -36% -48% -40% $ 149,295,589.44
PGD Peregrine Gold 0.15 -9% -29% -35% -50% -38% $ 10,181,763.15
ICL Iceni Gold 0.035 0% -17% 52% -62% -33% $ 10,092,158.92
FG1 Flynngold 0.029 12% 16% -26% -45% -36% $ 7,137,661.16
WWI West Wits Mining Ltd 0.016 7% 7% 14% 7% 33% $ 40,667,629.02
RML Resolution Minerals 0.002 0% 0% -33% -60% -33% $ 3,220,043.61
AAJ Aruma Resources Ltd 0.017 -23% 21% -6% -51% -37% $ 3,997,047.10
AL8 Alderan Resource Ltd 0.003 0% 12% -25% -58% -33% $ 3,818,583.92
GMN Gold Mountain Ltd 0.003 -14% -14% -25% -57% -45% $ 11,722,419.55
MEG Megado Minerals Ltd 0.016 45% 60% 45% -58% -54% $ 3,816,833.37
HMG Hamelingoldlimited 0.064 -12% -53% -14% -25% -19% $ 10,080,000.00
TBA Tombola Gold Ltd 0 -100% -100% -100% -100% -100% $ 33,129,242.98
BM8 Battery Age Minerals 0.115 -8% 15% -8% -63% -39% $ 11,628,017.50
TBR Tribune Res Ltd 4.42 14% 8% 23% 34% 50% $ 230,859,538.80
FML Focus Minerals Ltd 0.14 -3% 0% -22% -18% -24% $ 40,118,210.30
GSR Greenstone Resources 0 -100% -100% -100% -100% -100% $ 15,761,980.01
VRC Volt Resources Ltd 0.004 0% 33% -20% -47% -38% $ 16,634,712.51
ARV Artemis Resources 0.011 -8% -27% -37% -69% -42% $ 24,919,471.54
HRN Horizon Gold Ltd 0.34 -1% 19% 17% 1% 13% $ 49,245,573.82
CLA Celsius Resource Ltd 0.012 9% 0% -20% 9% 0% $ 29,134,952.92
QML Qmines Limited 0.097 18% 70% 39% -1% 18% $ 25,512,614.48
RDN Raiden Resources Ltd 0.04 33% 67% 60% 14% 0% $ 100,196,780.83
TCG Turaco Gold Limited 0.28 6% 12% 70% 383% 115% $ 206,443,226.28
KCC Kincora Copper 0.046 -8% -6% 48% 24% 12% $ 9,475,223.38
GBZ GBM Rsources Ltd 0.008 0% -11% -11% -53% -11% $ 9,253,511.11
DTM Dart Mining NL 0.0155 3% 13% 13% -37% -1% $ 4,845,616.35
MKR Manuka Resources. 0.036 3% 33% -51% -22% -53% $ 24,952,565.41
AUC Ausgold Limited 0.43 8% 18% 39% 23% 34% $ 153,201,031.24
ANX Anax Metals Ltd 0.02 0% 0% -9% -63% -33% $ 14,586,659.93
EMU EMU NL 0.024 0% 14% -13% -71% -13% $ 3,262,978.86
SFM Santa Fe Minerals 0.038 0% 3% -16% -14% -12% $ 2,767,113.98
SSR SSR Mining Inc. 8.51 8% 12% 38% -63% -46% $ 34,230,516.44
PNR Pantoro Limited 0.12 4% 20% 107% 161% 111% $ 774,483,661.68
CMM Capricorn Metals 6.43 13% 8% 29% 44% 37% $ 2,397,302,996.85
X64 Ten Sixty Four Ltd 0.57 0% 0% 0% 0% 0% $ 129,844,903.32
SI6 SI6 Metals Limited 0.0015 -25% -25% -57% -83% -70% $ 4,737,718.85
HAW Hawthorn Resources 0.056 -8% -8% -20% -53% -40% $ 20,100,936.78
BGD Bartongoldholdings 0.245 4% -2% -14% 17% -8% $ 53,571,435.89
SVY Stavely Minerals Ltd 0.03 3% 15% 0% -59% -33% $ 15,409,293.57
AGC AGC Ltd 0.23 -13% -22% 229% 297% 224% $ 67,998,263.83
RGL Riversgold 0.004 0% -20% -50% -67% -67% $ 6,637,312.97
TSO Tesoro Gold Ltd 0.033 27% 18% 14% 65% 14% $ 45,407,421.24
GUE Global Uranium 0.056 -5% 4% -49% -66% -43% $ 15,941,234.10
CPM Coopermetalslimited 0.055 -19% -24% -59% -62% -84% $ 4,309,560.75
MM8 Medallion Metals. 0.056 8% 2% 0% -16% -14% $ 20,405,179.19
FFM Firefly Metals Ltd 1.0525 20% 20% 70% 80% 67% $ 495,129,200.86
CBY Canterbury Resources 0.034 3% -6% 3% 26% 36% $ 6,712,990.46
LYN Lycaonresources 0.325 33% 27% 86% 7% 63% $ 17,749,915.71
SFR Sandfire Resources 9.095 2% 4% 7% 42% 24% $ 4,190,203,024.20
TMZ Thomson Res Ltd 0.005 0% 0% 0% 0% 0% $ 4,881,018.47
TAM Tanami Gold NL 0.032 3% 3% -3% -20% -9% $ 37,603,105.47
WMC Wiluna Mining Corp 0 -100% -100% -100% -100% -100% $ 74,238,030.68
NWM Norwest Minerals 0.02 0% -9% -20% -39% -26% $ 8,732,151.18
ALK Alkane Resources Ltd 0.45 11% 3% -22% -29% -31% $ 259,969,301.10
BMO Bastion Minerals 0.006 0% 0% -45% -74% -67% $ 3,039,074.51
IDA Indiana Resources 0.094 0% 3% 18% 43% 18% $ 60,265,271.22
GSM Golden State Mining 0.011 10% 0% 10% -72% -27% $ 3,073,076.93
NSM Northstaw 0.014 -30% -7% -64% -59% -72% $ 1,958,260.98
GSN Great Southern 0.017 -15% 6% -23% -23% -11% $ 14,374,922.87
RED Red 5 Limited 0.3325 9% -6% -5% 25% 7% $ 2,244,816,216.06
DEG De Grey Mining 1.3425 17% 8% 13% 5% 9% $ 3,115,784,756.50
THR Thor Energy PLC 0.017 13% 13% -32% -62% -43% $ 3,914,645.57
CDR Codrus Minerals Ltd 0.023 5% -12% -48% -75% -59% $ 3,803,912.59
MDI Middle Island Res 0.02 82% 67% 25% 11% 25% $ 3,931,212.37
WTM Waratah Minerals Ltd 0.365 -5% -1% 421% 836% 204% $ 74,588,310.18
POL Polymetals Resources 0.27 8% 8% -4% -18% -13% $ 50,637,772.90
RDS Redstone Resources 0.0035 -13% -13% -13% -50% -42% $ 3,238,824.61
NAG Nagambie Resources 0.023 35% 53% 77% -4% -21% $ 15,932,713.54
BGL Bellevue Gold Ltd 1.2875 10% -6% -30% -16% -23% $ 1,606,398,728.69
GBR Greatbould Resources 0.048 7% 2% -20% -23% -26% $ 29,169,425.42
KAI Kairos Minerals Ltd 0.012 33% 20% -14% -45% -14% $ 34,201,858.46
KAU Kaiser Reef 0.15 3% 0% 30% -19% -12% $ 29,644,364.63
HRZ Horizon 0.043 -2% 5% 23% 5% 2% $ 48,098,041.39
CAI Calidus Resources 0.115 0% 0% -30% -34% -47% $ 93,678,205.58
CDT Castle Minerals 0.0035 -13% -13% -42% -68% -63% $ 4,118,442.32
RSG Resolute Mining 0.7175 3% 5% 89% 102% 61% $ 1,543,561,259.43
MXR Maximus Resources 0.032 -3% 3% 6% 17% -6% $ 13,693,686.11
EVN Evolution Mining Ltd 4.435 10% 5% 30% 20% 12% $ 8,752,556,881.20
CXU Cauldron Energy Ltd 0.021 5% 17% -46% 94% -13% $ 25,757,143.25
DLI Delta Lithium 0.205 0% -2% -36% -74% -56% $ 149,815,499.82
ALY Alchemy Resource Ltd 0.007 17% 17% -13% -36% -30% $ 7,068,457.54
HXG Hexagon Energy 0.023 10% 53% -15% 156% 92% $ 11,797,065.72
OBM Ora Banda Mining Ltd 0.635 11% 31% 149% 429% 165% $ 1,182,546,581.44
AVW Avira Resources Ltd 0.001 0% 0% 0% -33% -50% $ 2,938,790.00
LCY Legacy Iron Ore 0.013 0% -7% -7% -13% -24% $ 100,276,127.41
PDI Predictive Disc Ltd 0.27 0% 13% 17% 20% 29% $ 646,498,045.33
MAT Matsa Resources 0.037 28% 37% 32% 28% 42% $ 21,452,887.60
ZAG Zuleika Gold Ltd 0.014 0% 8% -22% 17% -22% $ 10,372,318.98
GML Gateway Mining 0.025 14% 14% 0% -22% 0% $ 10,281,945.05
SBM St Barbara Limited 0.2975 21% 21% 75% 49% 42% $ 233,227,318.67
SBR Sabre Resources 0.014 8% 8% -22% -70% -58% $ 5,501,467.06
STK Strickland Metals 0.093 -7% -19% 8% 79% -2% $ 207,449,985.75
ION Iondrive Limited 0.014 -7% 56% 56% 8% 17% $ 9,919,105.01
CEL Challenger Gold Ltd 0.057 27% 21% -30% -34% -23% $ 71,593,007.66
LRL Labyrinth Resources 0.02 50% 103% 417% 374% 306% $ 30,437,671.81
NST Northern Star 15.945 6% 10% 15% 40% 17% $ 18,168,561,348.96
OZM Ozaurum Resources 0.04 11% -18% -23% -56% -73% $ 6,350,000.00
TG1 Techgen Metals Ltd 0.035 -5% 9% 9% 0% -55% $ 4,484,639.88
XAM Xanadu Mines Ltd 0.055 4% -2% -4% -40% -7% $ 94,380,330.50
AQI Alicanto Min Ltd 0.023 28% 53% -16% -39% -30% $ 17,207,288.13
KTA Krakatoa Resources 0.012 9% 20% 20% -45% -67% $ 5,665,286.64
ARN Aldoro Resources 0.081 1% 11% 4% -30% -35% $ 10,904,523.18
WGX Westgold Resources. 2.7 -4% -10% 13% 44% 24% $ 2,527,533,969.20
MBK Metal Bank Ltd 0.014 0% -18% -39% -60% -48% $ 5,856,889.37
A8G Australasian Metals 0.11 -8% -8% 55% -27% -35% $ 5,733,254.34
TAR Taruga Minerals 0.0085 6% 21% 6% -6% -23% $ 5,648,214.28
DTR Dateline Resources 0.005 0% -29% -69% -64% -50% $ 12,473,399.31
GOR Gold Road Res Ltd 1.665 7% -9% 7% -3% -15% $ 1,787,518,528.95
S2R S2 Resources 0.084 -5% -20% -33% -52% -49% $ 37,587,213.42
NES Nelson Resources. 0.003 0% 0% 0% -40% -25% $ 1,840,782.98
TLM Talisman Mining 0.22 5% 5% 22% 57% -6% $ 39,547,273.29
BEZ Besragoldinc 0.075 -16% -29% -44% -46% -50% $ 33,239,116.08
PRU Perseus Mining Ltd 2.625 12% 4% 26% 47% 42% $ 3,619,396,829.19
SPQ Superior Resources 0.007 -22% 0% -29% -74% -46% $ 15,189,046.59
PUR Pursuit Minerals 0.0025 -17% 0% -50% -72% -69% $ 7,270,799.97
RMS Ramelius Resources 2.21 3% 6% 37% 51% 31% $ 2,514,206,290.38
PKO Peako Limited 0.003 0% -14% -22% -35% -22% $ 2,635,424.60
ICG Inca Minerals Ltd 0.005 -17% 25% -17% -71% -52% $ 4,066,093.45
A1G African Gold Ltd. 0.041 11% 71% 30% 15% 78% $ 14,358,380.80
OAU Ora Gold Limited 0.007 17% 40% 27% -13% 0% $ 50,001,242.42
GNM Great Northern 0.013 -7% 18% -13% -46% -35% $ 2,010,178.00
KRM Kingsrose Mining Ltd 0.0345 -4% -8% 8% -37% -16% $ 26,373,428.17
BTR Brightstar Resources 0.018 6% 13% 6% 50% 13% $ 106,360,024.54
RRL Regis Resources 2.005 12% 24% 9% 24% -8% $ 1,473,181,581.30
M24 Mamba Exploration 0.012 -33% 33% -52% -79% -76% $ 2,633,151.86
TRM Truscott Mining Corp 0.07 17% 17% 50% 47% 28% $ 12,809,899.20
TNC True North Copper 0.033 -3% -15% -52% -81% -66% $ 31,517,647.13
MOM Moab Minerals Ltd 0.004 -20% -20% -20% -67% -43% $ 3,175,256.95
KNB Koonenberrygold 0.009 -10% -31% -50% -71% -77% $ 2,877,874.74
AWJ Auric Mining 0.315 11% 24% 103% 600% 163% $ 46,794,311.87
ENR Encounter Resources 0.43 -5% -11% 76% 39% 48% $ 192,026,922.95
SNG Siren Gold 0.07 17% -4% 25% -4% 3% $ 14,294,998.69
STN Saturn Metals 0.265 26% 39% 47% 66% 56% $ 78,765,645.42
USL Unico Silver Limited 0.2125 21% 9% 85% 117% 70% $ 71,977,636.31
PNM Pacific Nickel Mines 0.024 0% 0% -40% -72% -71% $ 10,103,834.52
AYM Australia United Min 0.002 0% 0% -33% -33% -33% $ 3,685,154.97
ANL Amani Gold Ltd 0.001 0% 0% 0% 0% 0% $ 25,743,441.13
HAV Havilah Resources 0.18 0% -8% 16% -25% -8% $ 58,578,253.85
SPR Spartan Resources 1.41 1% 6% 141% 269% 173% $ 1,449,983,830.66
PNT Panthermetalsltd 0.018 13% -11% -32% -62% -57% $ 2,091,987.89
MEK Meeka Metals Limited 0.057 14% 6% 58% 14% 43% $ 82,717,041.12
GMD Genesis Minerals 2.17 1% 0% 15% 37% 21% $ 2,392,317,408.96
PGO Pacgold 0.12 46% 20% -17% -43% -37% $ 10,097,452.80
FEG Far East Gold 0.17 -3% 3% 36% -3% 36% $ 48,471,273.46
MI6 Minerals260Limited 0.135 4% 23% -16% -74% -58% $ 31,590,000.00
IGO IGO Limited 5.065 -8% 2% -35% -61% -44% $ 3,937,792,627.60
GAL Galileo Mining Ltd 0.16 0% -3% -33% -49% -44% $ 32,608,112.96
RXL Rox Resources 0.135 -4% -4% -18% -37% -27% $ 57,483,340.18
PTN Patronus Resources 0.052 2% -5% -19% 33% -22% $ 85,144,685.81
CLZ Classic Min Ltd 0.001 0% 0% -98% -98% -98% $ 1,439,025.56
TGM Theta Gold Mines Ltd 0.165 18% 10% 10% 32% 43% $ 128,811,767.04
FAL Falconmetalsltd 0.195 -15% -32% 77% 50% 34% $ 35,400,000.00
SXG Southern Cross Gold 2.92 3% 13% 43% 244% 132% $ 565,572,821.40
SPD Southernpalladium 0.375 3% -1% 10% -23% 0% $ 33,656,250.00
ORN Orion Minerals Ltd 0.016 7% 0% 23% -11% 14% $ 109,372,335.41
TMB Tambourahmetals 0.035 9% -8% -55% -82% -69% $ 3,510,019.15
TMS Tennant Minerals Ltd 0.016 -6% -24% -45% -50% -52% $ 15,294,246.64
AZY Antipa Minerals Ltd 0.0215 54% 95% 79% 79% 26% $ 100,142,687.99
PXX Polarx Limited 0.009 -10% 0% -36% 3% 32% $ 21,379,508.80
TRE Toubani Res Ltd 0.255 4% 42% 113% 96% 76% $ 55,927,066.78
AUN Aurumin 0.04 -2% 11% 11% 60% 54% $ 18,229,729.76
GPR Geopacific Resources 0.025 4% 9% 47% 47% 25% $ 25,171,364.57
FXG Felix Gold Limited 0.089 -1% 141% 218% 13% 82% $ 22,486,713.48
ILT Iltani Resources Lim 0.235 12% 31% 68% 24% 47% $ 8,672,678.78
BRX Belararoxlimited 0.24 -4% -13% 12% -62% -23% $ 26,150,470.00
TM1 Terra Metals Limited 0.038 12% -12% -25% -33% -17% $ 13,852,254.29
TOR Torque Met 0.089 -19% -19% -41% -74% -60% $ 18,843,892.60
ARD Argent Minerals 0.0175 3% 25% 94% 46% 94% $ 25,268,699.16
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Top ASX Gold Stories This Week

$31 million capped Mithril Silver and Gold (ASX:MTH) is up ~135% over the past month, with all of that gain coming in an extraordinary week that has seen it run hot on exploration announcements from the Copalquin project in Mexico.

Its conviction is that the district under MTH’s future control, once an option to acquire the project is exercised, can mirror others along Mexico’s plentiful Sierra Madre trend.

MD John Skeet is hoping to double the size of its El Refugio resource by early next year, after clocking the highest grade intercept to date from the project, striking 33m from surface at 31.8g/t gold and 274g/t silver.

“Hole CDH-159 is a globally significant >1,000 g/t AuEq1 x metre drill hole at the maiden resource Target 1 area where we aim to 2X the (529koz @6.81 g/t AuEq1 ) resource in Q1 2025,” he said.

“The intercept includes a zone of lower grade material from surface plus a very high-grade zone from 16 metres down hole, including the typical bonanza gold and silver grades that are a hallmark of this important mining district.”

Middle Island Resources (ASX:MDI) shares have been climbing as well. On what, it’s anyone’s guess. The explorer, once part of the consolidation story in the Sandstone gold field of WA when it was run by Rick Yeates, has punched some thus far fruitless holes into its Barkly copper and gold project in the Northern Territory. The targets are named after Flintstones characters though, so we hope there’s some success on the horizon and we can one day head down the Dino decline.

It was most recently seen selling ~$1.4 million worth of shares in fellow explorer Aurumin (ASX:AUN) to raise some cash.

Antipa Minerals (ASX:AZY) shares have been on the up as the junior goldie emerged as a key cog in the consolidation of the Paterson Province.

It’s cashed up after selling its minority stake in a JV to Rio Tinto (ASX:RIO) last week. But it was also an interesting pawn in the chess match between Newmont and Greatland Gold over the London-listed explorer’s US$475 million acquisition of the Telfer gold mine and Havieron JV.

The deal also saw Greatland pick up Newmont’s 8.6% stake in Antipa, which on Tuesday added 573,000oz to take its gold resource at the Minyari Dome project 33% higher to 2.3Moz. AZY also controls 83,500t copper, 661,000oz silver and 13,000t cobalt at the WA gold deposit.

Telfer wasn’t the only gold M&A turning heads, with South African giant AngloGold Ashanti also announcing a US$2.5 billion takeover comprising both shares and cash for Egyptian gold producer Centamin, while IGO (ASX:IGO) was rumoured to be considering a move back into the precious metal, spying off Rio’s large but thus far undeveloped Winu discovery to Telfer’s north.

At Stockhead, we tell it like it is. While Mithril Silver and Gold and Antipa Minerals were Stockhead advertisers at the time of writing, they did not sponsor this article.