It’s been a frustrating few months for gold bulls.

As an investment hedge, gold shines during periods of poor or volatile market sentiment. It loves drama like pandemics, civil wars, or the unprecedented failure of the Lehman Brothers in 2008.

Fun fact.

Now, the unwinding of economic support measures by central banks as global markets recover are dimming gold’s status as a ‘safe haven’.

After punching though that psychologically important $US1,800/oz mark recently, gold was down nearly 3% on Thursday as strong US retail sales data boosted the dollar.

Gold also often falls when the value of the USD goes up relative to other currencies worldwide.

Retail sales in the US unexpectedly rose 0.7% month-on-month in August — handily beating market forecasts of a 0.8% drop — giving ammo to those experts saying the Federal Reserve may hasten the unwinding of economic support and boost rates to help control inflationary pressures.

The strong retail sales figures show “consumer sentiment is starting to come back, a good indicator for the Fed to bring in those expectations on the next rate hike,” said Phillip Streible, chief market strategist at Blue Line Futures told Reuters.

An expected interest rates hike in the medium term could also translate to increased ‘opportunity cost’ of holding non-yielding assets like bullion.

Opportunity cost would be the potential losses suffered by not investing in something more appetising, like uranium stocks.

The next key moment for gold will be the Federal Reserve’s September 21-22 policy meeting.

So, what’s next? Opinions on the outlook vary widely.

“There are a lot of members in the FOMC in favour of commencing tapering this year, and therefore the outlook for gold is not positive,” said Quantitative Commodity Research analyst Peter Fertig.

Meanwhile, Metals Focus believes that despite growing expectations of monetary tapering in the US/Europe, “rate hikes may not occur as early as some anticipate, which should benefit non-yielding assets such as gold”.

“As nominal yields remain low and real yields negative, a lack of meaningful returns on key reserves currencies should favour gold’s role as an effective portfolio diversifier,” it says.

Also of importance will be geopolitical factors, Metals Focus says.

“Since President Biden’s inauguration, tensions between the US and its geopolitical rivals have shown little sign of easing.

“Going forward, for some countries a desire to cut exposure to dollar-denominated assets will continue to justify a rotation into gold.”

USD gold price over the past 2 years.

 

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

CODE COMPANY 1 WEEK RETURN % 1 MONTH RETURN % 6 MONTH RETURN % 1 YEAR RETURN % PRICE MARKET CAP
TSC Twenty Seven Co. Ltd 86 117 8 -19 0.0065 $ 21,286,511.24
KWR Kingwest Resources 64 69 -11 -29 0.12 $ 26,034,648.88
GTR Gti Resources 63 150 93 63 0.0425 $ 37,420,679.26
DLC Delecta Limited 56 133 133 100 0.014 $ 15,129,318.08
NPM Newpeak Metals 50 -25 -25 -57 0.0015 $ 13,654,870.31
THR Thor Mining PLC 50 50 50 62 0.021 $ 10,431,803.74
NXM Nexus Minerals Ltd 47 175 247 329 0.33 $ 85,453,084.85
MTC Metalstech Ltd 45 91 147 95 0.42 $ 65,851,219.77
REZ Resourc & En Grp Ltd 44 70 18 109 0.046 $ 19,857,316.29
XAM Xanadu Mines Ltd 38 16 -32 -22 0.036 $ 44,066,321.25
M24 Mamba Exploration 33 13 -19 0.22 $ 7,400,000.00
XTC Xantippe Res Ltd 33 0 0 -50 0.002 $ 8,149,128.80
SBR Sabre Resources 33 33 50 -48 0.006 $ 10,098,381.89
A8G Australasian Gold 33 181 0.38 $ 8,739,884.66
A8G Australasian Gold 33 181 0.38 $ 8,739,884.66
ICG Inca Minerals Ltd 27 43 33 139 0.14 $ 66,107,311.88
AM7 Arcadia Minerals 26 26 0.265 $ 9,063,000.00
TIN Tnt Mines Limited 26 64 64 42 0.27 $ 33,013,262.98
KCN Kingsgate Consolid. 25 21 5 -18 0.9 $ 189,228,987.32
LNY Laneway Res Ltd 25 0 0 -38 0.005 $ 19,520,329.67
MHC Manhattan Corp Ltd 25 36 -17 -70 0.015 $ 21,367,901.70
PDI Predictive Disc Ltd 24 2 101 93 0.1425 $ 195,969,001.19
MBK Metal Bank Ltd 22 38 10 10 0.011 $ 11,890,683.04
DCX Discovex Res Ltd 20 20 -14 -14 0.006 $ 15,411,984.46
NAE New Age Exploration 20 0 -14 33 0.012 $ 17,230,786.92
TNR Torian Resources Ltd 20 50 -40 112 0.036 $ 29,559,163.17
MEU Marmota Limited 19 11 11 -4 0.05 $ 49,395,218.19
GSM Golden State Mining 17 4 -10 -42 0.14 $ 11,171,028.33
BRB Breaker Res NL 16 33 46 19 0.285 $ 102,639,892.64
PRX Prodigy Gold NL 16 5 8 -38 0.043 $ 25,547,614.66
GIB Gibb River Diamonds 16 36 -17 53 0.072 $ 15,228,680.04
PF1 Pathfinder Resources 15 11 51 0.34 $ 16,465,759.20
BBX BBX Minerals Ltd 13 0 -19 -39 0.215 $ 96,184,509.75
CEL Challenger Exp Ltd 13 17 0 44 0.31 $ 306,007,933.77
IDA Indiana Resources 13 5 -15 24 0.063 $ 26,935,711.52
STK Strickland Metals 13 18 110 -14 0.045 $ 50,789,751.19
IPT Impact Minerals 12 8 -46 -44 0.014 $ 30,356,923.79
AGC AGC Ltd 12 -3 -18 0.14 $ 8,127,274.08
AGC AGC Ltd 12 -3 -18 0.14 $ 8,127,274.08
BYH Bryah Resources Ltd 12 -2 0 6 0.056 $ 11,891,187.45
BNR Bulletin Res Ltd 12 38 14 2 0.076 $ 13,267,687.48
PKO Peako Limited 12 4 12 -26 0.029 $ 9,253,623.03
SMI Santana Minerals Ltd 11 -12 -24 -48 0.11 $ 12,543,589.96
DRE Drednought Resources 11 -5 141 116 0.041 $ 109,446,209.12
AAR Anglo Australian 11 22 -2 -49 0.094 $ 53,656,131.51
ONX Orminexltd 11 -24 27 31 0.042 $ 23,559,464.53
PUR Pursuit Minerals 10 -17 -10 279 0.053 $ 50,598,751.46
GBZ GBM Rsources Ltd 10 0 5 -21 0.115 $ 52,417,116.84
SFM Santa Fe Minerals 9 13 -7 3 0.093 $ 6,772,147.38
CDR Codrus Minerals Ltd 9 3 0.175 $ 7,000,000.00
VRC Volt Resources Ltd 9 25 94 133 0.035 $ 92,672,200.43
PNM Pacific Nickel Mines 9 38 26 89 0.072 $ 15,472,442.59
HXG Hexagon Energy 9 9 -15 49 0.085 $ 37,465,161.47
FFX Firefinch Ltd 9 18 176 318 0.6475 $ 627,715,320.05
NSM Northstaw 8 -3 -26 0.32 $ 13,400,000.00
ADT Adriatic Metals 8 9 41 36 3.11 $ 572,687,790.70
AQI Alicanto Min Ltd 8 -7 13 -19 0.13 $ 44,397,107.24
SPQ Superior Resources 8 -7 0 44 0.013 $ 17,957,365.28
FAU First Au Ltd 8 8 -19 -28 0.013 $ 7,990,173.80
CAI Calidus Resources 8 22 27 4 0.59 $ 239,957,008.20
CLA Celsius Resource Ltd 7 4 -37 -22 0.029 $ 30,369,614.35
M2R Miramar 7 1 -8 0.1925 $ 9,206,928.90
WGX Westgold Resources. 7 -3 -18 -31 1.705 $ 757,073,788.59
CHN Chalice Mining Ltd 7 18 71 360 7.56 $ 2,770,564,713.00
MKG Mako Gold 7 12 -4 -42 0.096 $ 37,077,435.39
MOH Moho Resources 7 0 -24 -42 0.064 $ 6,816,176.53
OAU Ora Gold Limited 6 -19 -26 -32 0.017 $ 15,157,714.00
VMC Venus Metals Cor Ltd 6 0 0 -31 0.18 $ 26,438,769.53
TAR Taruga Minerals 6 -2 17 -20 0.055 $ 28,163,300.33
TAM Tanami Gold NL 6 -1 -10 12 0.075 $ 88,132,278.45
E2M E2 Metals 6 -5 -15 50 0.285 $ 42,884,295.71
SLR Silver Lake Resource 5 2 -16 -46 1.35 $ 1,239,455,712.60
ARL Ardea Resources Ltd 5 -4 -8 -9 0.485 $ 67,636,767.31
MCT Metalicity Limited 5 0 -33 -60 0.01 $ 21,437,715.32
CXU Cauldron Energy Ltd 5 33 5 0 0.04 $ 21,616,919.72
AQX Alice Queen Ltd 5 -25 -61 -72 0.0105 $ 15,072,453.11
OBM Ora Banda Mining Ltd 5 -13 -61 -72 0.105 $ 107,110,795.55
TIE Tietto Minerals 5 -4 -10 -45 0.33 $ 152,822,127.76
ANX Anax Metals Ltd 5 26 53 350 0.11 $ 38,520,227.90
SKY SKY Metals Ltd 5 1 -43 -32 0.092 $ 28,602,902.58
LM8 Lunnonmetalslimited 5 -12 0.575 $ 44,045,089.70
ICL Iceni Gold 5 15 0.23 $ 28,148,298.36
MRZ Mont Royal Resources 4 42 37 39 0.355 $ 13,446,233.83
GUL Gullewa Limited 4 8 27 13 0.095 $ 17,514,325.20
FFR Firefly Resources 4 2 -8 -23 0.12 $ 37,000,743.60
DTM Dart Mining NL 4 9 -27 -40 0.12 $ 10,994,002.36
TCG Turaco Gold Limited 4 -11 100 50 0.12 $ 38,621,601.50
MAU Magnetic Resources 4 8 9 49 1.695 $ 361,077,125.95
FML Focus Minerals Ltd 4 -9 -20 -39 0.245 $ 44,773,398.43
KZR Kalamazoo Resources 4 -1 -20 -51 0.37 $ 52,393,159.26
PRU Perseus Mining Ltd 4 2 20 -4 1.48 $ 1,938,611,920.60
BMO Bastion Minerals 4 52 22 0.25 $ 15,225,378.90
SI6 SI6 Metals Limited 4 4 -34 -22 0.0125 $ 17,137,727.82
AOP Apollo Consolidated 4 0 7 12 0.38 $ 112,273,927.15
GOR Gold Road Res Ltd 4 8 11 -20 1.325 $ 1,233,828,034.60
MVL Marvel Gold Limited 4 -7 17 -11 0.055 $ 31,262,371.63
PRS Prospech Limited 4 -6 -38 0 0.084 $ 5,475,204.42
NVA Nova Minerals Ltd 4 27 -15 59 0.14 $ 243,737,263.82
CST Castile Resources 4 -7 4 -37 0.2175 $ 43,936,226.62
KAU Kaiser Reef 4 8 -38 -44 0.225 $ 24,031,879.65
BRV Big River Gold Ltd 3 -14 -23 -25 0.3 $ 65,832,735.60
AGS Alliance Resources 3 3 -16 -35 0.155 $ 32,242,655.77
SLZ Sultan Resources Ltd 3 -11 -14 -26 0.16 $ 11,125,502.24
EMU EMU NL 3 14 -43 7 0.032 $ 14,608,463.49
RND Rand Mining Ltd 3 -1 0 -29 1.5 $ 85,313,941.50
AMI Aurelia Metals Ltd 3 2 -12 -33 0.335 $ 438,359,988.14
WMC Wiluna Mining Corp 3 3 -5 -49 1.02 $ 164,639,575.36
CWX Carawine Resources 3 -11 -39 -9 0.2 $ 21,233,530.89
HWK Hawkstone Mng Ltd 3 -2 8 186 0.04 $ 68,650,443.88
DCN Dacian Gold Ltd 3 -15 -49 -40 0.205 $ 198,323,150.82
OKR Okapi Resources 2 52 247 205 0.625 $ 66,621,180.53
CAZ Cazaly Resources 2 -8 5 -12 0.046 $ 16,999,910.28
AAJ Aruma Resources Ltd 2 14 75 -29 0.096 $ 11,336,535.27
ENR Encounter Resources 2 53 58 88 0.245 $ 75,901,565.52
WWI West Wits Mining Ltd 2 -17 -50 61 0.05 $ 66,830,263.50
AXE Archer Materials 2 -38 59 187 1.65 $ 373,438,735.44
GBR Greatbould Resources 2 80 299 228 0.1475 $ 53,543,371.35
VAN Vango Mining Ltd 2 -2 -19 -36 0.064 $ 70,346,777.66
SAU Southern Gold 2 -2 -19 -54 0.065 $ 14,079,697.90
PAK Pacific American Hld 2 7 -12 -23 0.018 $ 5,734,528.20
NUS Nusantara Resources 1 4 30 9 0.35 $ 79,927,187.42
KTA Krakatoa Resources 1 37 8 -29 0.07 $ 19,450,854.52
SVL Silver Mines Limited 1 -8 -10 -12 0.2025 $ 250,292,605.09
SVY Stavely Minerals Ltd 1 2 -40 -22 0.435 $ 114,823,038.88
S2R S2 Resources 1 -29 -39 -62 0.1 $ 37,419,359.78
NST Northern Star 1 -3 -2 -39 9.17 $ 11,106,965,034.00
RMS Ramelius Resources 1 -8 -7 -43 1.42 $ 1,208,933,287.65
EMR Emerald Res NL 1 2 6 32 0.855 $ 458,703,514.23
EVN Evolution Mining Ltd 1 -3 -8 -39 3.8 $ 7,185,121,836.48
AWV Anova Metals Ltd 0 -12 -12 -29 0.022 $ 31,528,072.40
KCC Kincora Copper 0 -13 0.175 $ 13,624,349.38
TRY Troy Resources Ltd 0 -5 -50 -63 0.037 $ 30,073,993.35
CDT Castle Minerals 0 0 27 17 0.014 $ 10,255,011.45
AWJ Auric Mining 0 -4 -24 0.13 $ 5,810,999.61
BTR Brightstar Resources 0 -3 -42 4 0.028 $ 12,313,021.39
GMR Golden Rim Resources 0 -13 -13 -56 0.007 $ 18,692,447.75
AL8 Alderan Resource Ltd 0 -2 -32 -57 0.049 $ 16,760,805.50
G88 Golden Mile Res Ltd 0 -5 2 -8 0.054 $ 7,614,989.71
ERM Emmerson Resources 0 -4 -6 -26 0.068 $ 33,880,217.25
AME Alto Metals Limited 0 -9 4 -7 0.079 $ 35,570,519.14
IVR Investigator Res Ltd 0 -2 -24 14 0.065 $ 88,704,422.67
ALY Alchemy Resource Ltd 0 7 25 -17 0.015 $ 9,411,408.34
KGM Kalnorth Gold Ltd 0 0 0 0 0.013 $ 11,625,120.78
SIH Sihayo Gold Limited 0 11 -17 -55 0.01 $ 36,854,614.13
CTO Citigold Corp Ltd 0 0 -29 -23 0.01 $ 31,170,250.00
GED Golden Deeps 0 0 10 -33 0.011 $ 8,922,291.56
CGN Crater Gold Min Ltd 0 0 -15 21 0.017 $ 20,867,429.74
RMX Red Mount Min Ltd 0 0 -9 11 0.01 $ 16,109,041.32
NES Nelson Resources. 0 -2 -61 -34 0.046 $ 8,743,148.78
CHZ Chesser Resources 0 -10 -23 -33 0.135 $ 62,571,976.88
POL Polymetals Resources 0 -4 0.135 $ 4,658,790.84
KAI Kairos Minerals Ltd 0 10 28 -48 0.032 $ 53,648,626.88
MML Medusa Mining Ltd 0 -1 -12 -9 0.81 $ 171,495,473.33
TG1 Techgen Metals Ltd 0 6 0.19 $ 7,320,469.15
PNR Pantoro Limited 0 2 2 -9 0.215 $ 309,979,713.56
FG1 Flynngold 0 -3 0.155 $ 9,299,999.69
HCH Hot Chili Ltd 0 3 -15 5 0.041 $ 157,538,426.64
TTM Titan Minerals 0 19 14 0 0.125 $ 150,866,736.93
TSO Tesoro Resources Ltd 0 5 -49 -54 0.11 $ 55,110,755.59
DDD 3D Resources Limited 0 0 -27 -31 0.004 $ 15,521,488.37
PNX PNX Metals Limited 0 -19 -13 -41 0.0065 $ 21,913,161.07
RED Red 5 Limited 0 10 16 -39 0.215 $ 494,835,736.92
AVW Avira Resources Ltd 0 0 -17 -38 0.005 $ 7,562,720.00
ADV Ardiden Ltd 0 15 -17 -44 0.015 $ 32,240,313.24
WCN White Cliff Min Ltd 0 8 -28 8 0.013 $ 6,723,553.19
NCM Newcrest Mining 0 -7 -2 -28 23.83 $ 20,056,289,041.68
RSG Resolute Mining -1 -12 -31 -58 0.4325 $ 491,232,254.17
CYL Catalyst Metals -1 -4 -12 -23 1.88 $ 184,795,959.24
SBM St Barbara Limited -1 -12 -30 -59 1.41 $ 1,065,977,812.03
DTR Dateline Resources -1 -7 20 20 0.09 $ 39,105,857.97
NML Navarre Minerals Ltd -1 -3 -40 -30 0.087 $ 60,723,577.14
EM2 Eagle Mountain -1 5 60 202 0.8 $ 169,704,216.81
RVR Red River Resources -1 -1 -28 33 0.1725 $ 90,610,514.23
BCN Beacon Minerals -2 -2 -12 -8 0.0325 $ 114,672,836.64
BDC Bardoc Gold Ltd -2 -12 -19 -28 0.06 $ 105,850,699.94
RRL Regis Resources -2 -13 -27 -62 2.08 $ 1,621,547,634.30
DGO DGO Gold Limited -2 -11 -1 -26 2.9 $ 231,905,216.34
BC8 Black Cat Syndicate -2 -1 -20 -29 0.545 $ 77,444,296.05
YRL Yandal Resources -2 0 12 117 0.51 $ 51,726,575.80
GSN Great Southern -2 -9 -17 -58 0.05 $ 27,305,662.68
G50 Gold50Limited -2 -16 0.245 $ 12,327,910.25
HAW Hawthorn Resources -2 7 -35 -51 0.048 $ 16,675,780.65
ZNC Zenith Minerals Ltd -2 12 88 114 0.235 $ 75,732,746.65
BGL Bellevue Gold Ltd -2 -13 0 -27 0.8125 $ 823,049,483.34
STN Saturn Metals -3 -20 10 -48 0.39 $ 44,482,731.45
AUC Ausgold Limited -3 -5 -20 3 0.039 $ 64,999,331.18
HMX Hammer Metals Ltd -3 -1 -18 100 0.078 $ 63,452,580.59
KSN Kingston Resources -3 -3 -17 -28 0.195 $ 55,800,138.62
VKA Viking Mines Ltd -3 -24 -54 44 0.0175 $ 18,382,651.76
AZS Azure Minerals -3 45 6 55 0.34 $ 108,232,502.35
GRL Godolphin Resources -3 6 -20 -21 0.165 $ 13,878,359.72
TLM Talisman Mining -3 -14 68 35 0.155 $ 30,793,683.53
ADN Andromeda Metals Ltd -3 -11 -63 60 0.155 $ 381,540,567.13
MTH Mithril Resources -3 -16 -18 -68 0.0155 $ 41,123,728.66
BMR Ballymore Resources -3 0 0 0 0.31 $ 20,728,643.49
TBR Tribune Res Ltd -3 -14 -3 -39 4.83 $ 252,371,450.37
MGV Musgrave Minerals -3 -11 -18 -54 0.28 $ 146,636,310.98
AUT Auteco Minerals -4 -15 -9 -45 0.082 $ 138,375,851.69
ZAG Zuleika Gold Ltd -4 -7 -36 -10 0.027 $ 10,662,427.70
AAU Antilles Gold Ltd -4 -1 -20 100 0.079 $ 20,443,475.63
RDN Raiden Resources Ltd -4 13 4 44 0.026 $ 32,464,678.90
PGD Peregrine Gold -4 -10 0.385 $ 12,935,536.08
NAG Nagambie Resources -4 15 35 54 0.077 $ 38,494,790.64
SNG Siren Gold -4 0 -34 0.25 $ 17,923,671.00
CY5 Cygnus Gold Limited -4 -17 -26 -32 0.125 $ 13,281,462.01
WAF West African Res Ltd -4 -5 9 -14 0.975 $ 892,236,134.13
NWM Norwest Minerals -4 0 -6 -33 0.07 $ 12,461,901.98
HRZ Horizon -4 0 15 -18 0.115 $ 65,317,148.00
KRM Kingsrose Mining Ltd -4 -6 -6 22 0.045 $ 32,850,330.84
RML Resolution Minerals -4 10 -8 -58 0.022 $ 9,848,951.51
QML Qmines Limited -4 -6 0.33 $ 15,955,213.66
CBY Canterbury Resources -5 15 -5 5 0.105 $ 12,620,845.65
AGG AngloGold Ashanti -5 -13 -27 -49 4.2 $ 384,485,467.15
MAT Matsa Resources -5 -5 -32 -56 0.061 $ 22,205,586.44
DEG De Grey Mining -4 -13 2 -29 1.01 $ 1,369,962,084.66
TBA Tombola Gold Ltd -5 -15 -23 -30 0.04 $ 25,371,831.16
TMZ Thomson Res Ltd -5 -11 -29 108 0.1 $ 51,931,040.48
RXL Rox Resources -5 0 -28 -58 0.4 $ 66,195,197.88
MDI Middle Island Res -5 -3 -64 -77 0.095 $ 11,629,731.09
MZZ Matador Mining Ltd -5 -11 17 -31 0.37 $ 83,493,316.14
LCL Los Cerros Limited -5 -15 -2 -30 0.1325 $ 82,384,751.15
ALK Alkane Resources Ltd -6 -18 6 -43 0.7725 $ 482,264,928.00
MEI Meteoric Resources -6 -23 -54 -37 0.031 $ 42,793,329.25
MRR Minrex Resources Ltd -6 -17 -35 -38 0.015 $ 9,209,261.41
GML Gateway Mining -6 -17 -50 -32 0.015 $ 28,554,534.00
SRN Surefire Rescs NL -6 0 -40 0 0.015 $ 15,460,345.73
LCY Legacy Iron Ore -6 0 -6 200 0.015 $ 96,071,077.76
BAT Battery Minerals Ltd -6 0 -42 7 0.015 $ 30,490,999.23
ARN Aldoro Resources -6 -28 110 340 0.44 $ 39,121,547.11
CMM Capricorn Metals -7 7 44 2 2.27 $ 843,419,441.57
SSR SSR Mining Inc. -7 -9 5 20.52 $ 483,612,096.00
MM8 Medallion Metals. -7 16 0.2325 $ 18,825,545.00
BNZ Benzmining -7 -1 3 0.78 $ 37,442,480.46
ASO Aston Minerals Ltd -7 8 63 183 0.13 $ 128,816,652.92
OKU Oklo Resources Ltd -8 -4 -29 -61 0.12 $ 63,003,726.50
TRN Torrens Mining -8 -13 3 0.17 $ 11,843,039.46
BGD Bartongoldholdings -8 -13 0.17 $ 15,021,999.30
RDS Redstone Resources -8 0 -15 -45 0.011 $ 7,908,989.69
GMN Gold Mountain Ltd -9 -5 -44 -50 0.021 $ 23,543,281.74
TRM Truscott Mining Corp -9 -11 48 55 0.031 $ 4,710,187.86
RGL Riversgold -9 -23 -38 -49 0.03 $ 12,929,350.27
AYM Australia United Min -9 43 11 150 0.01 $ 20,268,352.34
LEX Lefroy Exploration -9 -4 -37 50 0.39 $ 48,089,866.80
OZM Ozaurum Resources -9 7 -22 0.145 $ 8,260,650.00
DEX Duke Exploration -10 -11 -23 0.235 $ 21,199,620.72
TMX Terrain Minerals -10 13 -10 -44 0.009 $ 6,621,849.08
BAR Barra Resources -10 35 35 13 0.027 $ 21,360,712.85
GNM Great Northern -10 -18 -10 -61 0.009 $ 12,090,509.76
MEG Megado -11 -22 -44 0.098 $ 4,218,782.20
ARV Artemis Resources -11 29 1 5 0.081 $ 107,929,797.99
WRM White Rock Min Ltd -11 -25 -53 -59 0.28 $ 42,027,402.74
PUA Peak Minerals Ltd -11 -20 -30 -41 0.016 $ 9,835,242.43
HRN Horizon Gold Ltd -13 -3 -19 -27 0.35 $ 36,275,285.44
NMR Native Mineral Res -13 -8 -21 0.225 $ 6,483,037.50
MKR Manuka Resources. -15 -6 -23 -45 0.29 $ 30,954,774.22
A1G African Gold Ltd. -19 73 10 117 0.285 $ 25,594,196.32
GWR GWR Group Ltd -22 -46 -42 -27 0.145 $ 45,417,966.45
MLS Metals Australia -25 -25 -25 -50 0.0015 $ 8,454,376.09
ANL Amani Gold Ltd -25 0 50 -25 0.0015 $ 24,773,993.49

 

TOP WEEKLY GOLD PERFORMERS

KINGWEST RESOURCES (ASX:KWR)

Kingwest is now up 64% since announcing a gold discovery under a WA salt lake called ‘Goongarrie’ on Monday.

Exploring for gold underneath salt lakes is tough, which is probably why so many remain underexplored — regardless of how prospective they are.

That is why early results like 3m @ 6.5g/t gold and 3m @ 4.1g/t gold from Kingwest are so important.

“These results support our targeting for a potential major discovery which we have named the ‘Sir Laurence’ Prospect,” CEO Ed Turner says.

“We have just scratched the surface of bedrock mineralisation at this stage.

“I look forward to receiving the outstanding assays as well as planning follow up drilling along strike within Target A10, which includes many other similar litho-structural targets.”

 

NEXUS MINERALS (ASX:NXM)

The explorer keeps hitting high-grade gold at the emerging ‘Wallbrook’ gold project in WA.

Earlier this month, the previously undrilled ‘Templar’ discovery delivered numerous hits like 10m @ 5.64g/t gold (within 23m @ 2.85g/t Au from 132m).

Templar and the neighbouring ‘Crusader’ target could be part of one giant system, Nexus managing director Andy Tudor says.

“These broad high-grade results received from Templar occur in the same altered and mineralised rocks we see at the Crusader prospect, 1.2km to the south,” he says.

“This has effectively linked the two prospects together into one large mineralised system.”

A 700m deep diamond drill hole at Templar is now underway.

The $86m market cap stock is up ~170% over the past month.

 

METALSTECH (ASX:MTC)

$6 billion market cap Chifeng Gold Mining will buy ~5.8m shares in emerging miner MetalsTech at 34c apiece for a total investment of $2m.

This is a pretty big deal, MTC says.

“Chifeng is widely considered to be one of the most successful precious metals investors in China owing largely to the experience of their chairman Mr Wang Jianhua who before transforming Chifeng, served as CEO of $62bn capped Zijin Mining and before that, chairman of $17bn capped Shandong Gold,” MTC chairman Russell Moran says.

MTC’s 1.5moz (and growing) ‘Sturec’ project could be a world class epithermal deposit, he says.

“We hope that this recent interest from Chifeng is a sign of growing interest in our broader development plans for Sturec.”

MTC also reminds investors that they need to finalise their shareholdings by October 7 to receive free shares in lithium spinout Winsome Resources (ASX:WR1).