Gold Digger: Will bank collapses usher in a new gold bull market?

The collapse of at least two US banks has provided a jolt to the precious metals market
This increases possibility that US Fed may now reconsider future interest rate rises, a big driver of gold prices in recent months
Gold’s next big test is the Fed’s rates decision on March 22

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

The collapse of at least two US banks has provided a jolt to the precious metals market.

Concerns about contagion within the global banking sector are very real, with several other necks hovering over the proverbial chopping block.

BREAKING: First Republic Bank crashes 35% on the open as they announce exploring strategic options, including a sale.

Here we go again. pic.twitter.com/gmFXeeWsSj

— Genevieve Roch-Decter, CFA (@GRDecter) March 16, 2023

Bank Run Continues 🚨 🚨 🚨 pic.twitter.com/TeSKc4skUf

— Wall Street Silver (@WallStreetSilv) March 17, 2023

But why would this boost precious metals prices?

There are two reasons; one, the rush to safe haven assets (of which gold is one) and two, the possibility that the Fed may now reconsider future interest rate rises.

Fed policy – and market expectations around Fed policy – has been a particularly important driver of gold prices in recent months, says Metals Focus.

“Much of the price upside seen in Q4.22 reflected investor expectations that the Fed would turn more dovish, anticipating modest rate increases in H1.23, before seeing cuts emerge during H2,” it says.

“However, in the past couple of months, as US economic data pointed to a still robust economy, expectations were adjusted to the Fed remaining hawkish for longer.

“Meanwhile, rising nominal and real rates increasingly acted as a headwind to institutional investors who could secure around 4% in risk-free vehicles, like 10-year Treasuries.

“This, combined with a strong dollar, again due to a hawkish Fed, had weighed on gold.”

The collapse of SVB has once again changed the market narrative around Fed interest rates, says Metals Focus.

“Leaving aside the bank’s risk-management and governance failings, there is no doubt that the rising interest rate environment has played a key role it its demise,” it says.

“From its side, the Fed has not as yet commented on how SBV’s failure may affect its interest rate policy over the rest of the year.”

Gold’s next big test: the March rates decision in the US

The US Fed makes its next rates decision on March 22.

This decision, and the messaging that accompanies it, will be crucial to the outlook for gold over the rest of 2023, says Metals Focus.

“It is of course tempting to adopt the dovish expectation [lower rates] that is fast becoming the consensus. However, we are not convinced this is right,” it says.

Investors should weigh up other factors that have underpinned the Fed’s hawkish [higher rates] stance, namely that inflation is stubbornly high, the US labour market is robust and equity valuations are historically high, despite the past couple of months’ declines, it says.

“As such, in our base case, we would still not rule out some further rate hikes in the next few months and certainly struggle with the idea of cuts within 2023.”

Yesterdays CPI report clearly shows inflation is still a problem despite the SVB collapse and wider banking situation.

What do you think Jerome Powell will do to US interest rates when he announces the rate decision at the Fed Meeting next week March 21st /22nd?

— The Biz Doc (@TomEllsworth) March 15, 2023

Winners & Losers

Here’s how ASX-listed precious metals 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 %	YEAR TO DATE RETURN %	PRICE	MARKET CAP
GWR	GWR Group	75%	93%	33%	-29%	86%	0.11	$35,333,832
MBK	Metal Bank	38%	26%	-28%	-59%	-15%	0.029	$7,188,624
ADG	Adelong Gold	38%	10%	10%	-63%	57%	0.011	$5,338,223
PUA	Peak Minerals	25%	-17%	-44%	-58%	-17%	0.005	$5,206,883
RMS	Ramelius Resources	21%	37%	79%	-23%	25%	1.165	$978,038,512
WGX	Westgold Resources	21%	9%	38%	-43%	26%	1.1	$513,880,662
IVR	Investigator Res	20%	8%	-13%	-37%	0%	0.042	$57,486,546
RSG	Resolute Mining	20%	35%	64%	12%	65%	0.33	$670,637,069
KCN	Kingsgate Consolid.	19%	18%	16%	33%	4%	1.79	$334,193,884
CMM	Capricorn Metals	19%	13%	56%	15%	-3%	4.47	$1,728,487,605
STN	Saturn Metals	18%	0%	-42%	-57%	-8%	0.165	$24,247,764
AGG	AngloGold Ashanti	16%	9%	47%	-12%	-1%	5.83	$510,268,416
RXL	Rox Resources	15%	66%	0%	-34%	51%	0.265	$57,210,336
GNM	Great Northern	14%	0%	0%	-20%	0%	0.004	$5,981,678
OBM	Ora Banda Mining	13%	31%	106%	165%	55%	0.13	$185,352,990
SLR	Silver Lake Resource	13%	-2%	-3%	-47%	-8%	1.0875	$1,027,367,488
MOH	Moho Resources	12%	-5%	-47%	-67%	-10%	0.019	$3,945,582
PNM	Pacific Nickel Mines	11%	7%	-21%	-35%	-6%	0.078	$29,332,785
FAL	Falconmetals	11%	16%	103%	7%	41%	0.395	$66,375,000
TBR	Tribune Res	11%	0%	-2%	-23%	-11%	3.59	$181,539,546
TUL	Tulla Resources	10%	-19%	-53%	-59%	-31%	0.23	$50,019,386
WWI	West Wits Mining	9%	-11%	-33%	-67%	-25%	0.012	$25,826,166
CWX	Carawine Resources	9%	-11%	-2%	-54%	-2%	0.098	$19,288,112
GOR	Gold Road Res	8%	4%	21%	-10%	-11%	1.5125	$1,681,499,765
CEL	Challenger Exp	8%	-7%	-30%	-61%	-26%	0.13	$141,185,030
SPD	Southernpalladium	8%	-18%	-49%	0%	-35%	0.53	$22,831,513
ARL	Ardea Resources	8%	-16%	-39%	-34%	-24%	0.54	$79,748,789
MEK	Meeka Metals	8%	-17%	-38%	-9%	-37%	0.043	$45,907,184
MGV	Musgrave Minerals	7%	-1%	-21%	-47%	-13%	0.1825	$106,417,431
REZ	Resourc & En Grp	7%	15%	-38%	-63%	-6%	0.015	$7,497,087
SBR	Sabre Resources	7%	-12%	-50%	-45%	-21%	0.03	$7,870,127
RRL	Regis Resources	7%	-8%	22%	-14%	-14%	1.7775	$1,355,271,535
CLA	Celsius Resource	7%	0%	19%	-16%	0%	0.016	$29,715,265
QML	Qmines	7%	-11%	14%	-35%	-3%	0.16	$14,433,445
TAR	Taruga Minerals	6%	-6%	-48%	-43%	-29%	0.017	$11,296,429
SBM	St Barbara	6%	-11%	-29%	-63%	-27%	0.5675	$489,924,987
PDI	Predictive Disc	6%	9%	0%	-20%	-3%	0.175	$321,413,766
NST	Northern Star	6%	-3%	49%	4%	1%	10.99	$12,821,891,879
AAR	Astral Resources NL	6%	-1%	-7%	-32%	3%	0.074	$49,240,338
KSN	Kingston Resources	5%	-15%	-1%	-42%	10%	0.0895	$36,577,522
SVL	Silver Mines	5%	2%	-10%	-35%	-24%	0.1525	$217,623,045
AUT	Auteco Minerals	5%	-5%	-7%	-45%	-20%	0.041	$94,826,288
GTR	Gti Energy	5%	5%	-50%	-50%	-5%	0.0105	$13,549,352
NCM	Newcrest Mining	5%	2%	47%	-6%	18%	24.39	$22,119,293,345
CPM	Coopermetals	4%	-16%	-35%	-41%	0%	0.235	$9,657,325
PRU	Perseus Mining	4%	12%	50%	12%	0%	2.11	$2,940,045,693
ALK	Alkane Resources	4%	6%	-6%	-35%	26%	0.675	$404,185,000
USL	Unico Silver	4%	0%	-16%	-39%	-21%	0.135	$33,663,218
NSM	Northstaw	4%	-24%	-3%	-55%	-10%	0.14	$16,817,780
BRB	Breaker Res NL	4%	0%	16%	21%	-11%	0.285	$90,698,329
GIB	Gibb River Diamonds	3%	-2%	3%	-2%	0%	0.06	$12,690,567
BMR	Ballymore Resources	3%	3%	-17%	-6%	0%	0.15	$14,929,206
TG1	Techgen Metals	3%	-26%	-66%	-52%	-24%	0.062	$3,484,961
AME	Alto Metals	3%	-6%	-9%	-30%	-4%	0.064	$37,381,744
DEG	De Grey Mining	3%	7%	43%	10%	13%	1.455	$2,263,692,027
SSR	SSR Mining Inc.	3%	0%	3%	-32%	-12%	20.17	$383,098,683
KAU	Kaiser Reef	3%	-1%	-3%	-10%	6%	0.175	$24,088,606
TAM	Tanami Gold NL	3%	-10%	-14%	-38%	-8%	0.036	$43,478,591
POL	Polymetals Resources	3%	-5%	0%	50%	-27%	0.18	$8,584,711
WAF	West African Res	3%	1%	-16%	-23%	-18%	0.965	$982,575,715
BNZ	Benzmining	3%	-12%	-26%	-32%	-2%	0.4	$29,384,247
MZZ	Matador Mining	3%	-13%	-29%	-70%	-29%	0.082	$25,847,944
GCY	Gascoyne Res	2%	-36%	-59%	-62%	-36%	0.1075	$63,913,872
GCY	Gascoyne Res	2%	-36%	-59%	-62%	-36%	0.1075	$63,913,872
EMR	Emerald Res NL	2%	0%	26%	40%	27%	1.505	$893,670,479
FG1	Flynngold	1%	-5%	-17%	-42%	-17%	0.083	$8,538,504
CAI	Calidus Resources	1%	-7%	-60%	-74%	-18%	0.2225	$101,096,693
NPM	Newpeak Metals	0%	0%	0%	0%	0%	0.001	$9,145,132
FFX	Firefinch	0%	0%	0%	-29%	0%	0.2	$236,569,315
DCX	Discovex Res	0%	-14%	-40%	-65%	0%	0.003	$9,907,704
AQX	Alice Queen	0%	-33%	-67%	-88%	-50%	0.001	$2,530,288
PNX	PNX Metals	0%	-25%	-36%	-20%	-29%	0.003	$16,141,874
YRL	Yandal Resources	0%	3%	-39%	-62%	-7%	0.091	$14,517,883
CAZ	Cazaly Resources	0%	-7%	-33%	-30%	-18%	0.028	$10,039,188
ERM	Emmerson Resources	0%	-1%	-11%	-46%	-3%	0.073	$40,308,524
GMR	Golden Rim Resources	0%	-6%	-39%	-68%	-3%	0.03	$17,156,063
WCN	White Cliff Min	0%	-17%	-60%	-62%	-29%	0.01	$7,840,544
MCT	Metalicity	0%	-17%	-38%	-57%	-17%	0.0025	$7,009,079
CTO	Citigold Corp	0%	0%	-17%	-38%	-17%	0.005	$14,168,295
TRY	Troy Resources	0%	0%	0%	0%	0%	0.0295	$62,920,961
CGN	Crater Gold Min	0%	0%	0%	0%	0%	0.014499	$17,965,037
SVG	Savannah Goldfields	0%	-13%	-31%	-28%	-13%	0.165	$31,159,992
ADV	Ardiden	0%	0%	0%	-46%	0%	0.007	$18,818,347
MTH	Mithril Resources	0%	-33%	-60%	-80%	-43%	0.002	$3,263,090
RMX	Red Mount Min	0%	-27%	-33%	-50%	-20%	0.004	$9,087,404
NML	Navarre Minerals	0%	-18%	-35%	-68%	-24%	0.031	$43,583,495
MEU	Marmota	0%	-17%	-21%	-16%	-23%	0.037	$42,352,023
RML	Resolution Minerals	0%	-25%	-40%	-65%	-25%	0.006	$6,478,477
AL8	Alderan Resource	0%	0%	-22%	-63%	0%	0.007	$4,047,863
GMN	Gold Mountain	0%	-20%	-33%	-60%	-43%	0.004	$7,879,730
HMG	Hamelingold	0%	-14%	-44%	-44%	-38%	0.09	$9,900,000
TBA	Tombola Gold	0%	0%	-26%	-28%	0%	0.026	$33,129,243
FML	Focus Minerals	0%	0%	38%	-28%	-29%	0.18	$48,714,970
GSR	Greenstone Resources	0%	-19%	-69%	-46%	-34%	0.021	$25,361,258
HRN	Horizon Gold	0%	-12%	-9%	-29%	-3%	0.3	$37,554,492
RDN	Raiden Resources	0%	0%	-41%	-58%	0%	0.005	$7,445,621
EMU	EMU NL	0%	-50%	-68%	-84%	-59%	0.002	$2,900,043
SFM	Santa Fe Minerals	0%	-9%	-20%	-60%	-15%	0.068	$4,951,678
X64	Ten Sixty Four	0%	-2%	-7%	-33%	-11%	0.57	$130,184,182
RVR	Red River Resources	0%	0%	-21%	-68%	0%	0.073	$37,847,908
TMZ	Thomson Res	0%	-38%	-79%	-90%	-74%	0.005	$4,349,755
WMC	Wiluna Mining Corp	0%	0%	0%	-74%	0%	0.205	$74,238,031
RED	Red 5	0%	-21%	-43%	-64%	-34%	0.135	$433,584,795
RDS	Redstone Resources	0%	0%	11%	0%	25%	0.01	$7,368,324
CXU	Cauldron Energy	0%	-13%	-44%	-60%	0%	0.007	$7,452,544
ALY	Alchemy Resource	0%	-12%	-35%	25%	-35%	0.015	$17,671,144
LCY	Legacy Iron Ore	0%	20%	-10%	-5%	-5%	0.018	$115,322,872
ZAG	Zuleika Gold	0%	-21%	-38%	-59%	-38%	0.013	$6,799,658
GML	Gateway Mining	0%	-18%	-49%	-62%	-23%	0.046	$13,050,344
XAM	Xanadu Mines	0%	3%	-2%	14%	10%	0.032	$54,048,198
CHZ	Chesser Resources	0%	0%	14%	-22%	6%	0.09	$54,151,324
ARN	Aldoro Resources	0%	13%	-8%	-32%	38%	0.22	$26,534,394
DTR	Dateline Resources	0%	-41%	-79%	-79%	-49%	0.019	$11,151,891
NES	Nelson Resources.	0%	-17%	-62%	-66%	-29%	0.005	$2,942,972
TLM	Talisman Mining	0%	-13%	-7%	-18%	-4%	0.135	$25,344,832
BEZ	Besragoldinc	0%	-9%	13%	-47%	-23%	0.04	$14,154,476
OAU	Ora Gold	0%	-58%	-56%	-78%	-50%	0.0025	$11,810,775
DEX	Duke Exploration	0%	0%	10%	-72%	0%	0.053	$5,587,240
AYM	Australia United Min	0%	-25%	-50%	-40%	0%	0.003	$5,527,732
ANL	Amani Gold	0%	0%	0%	-50%	0%	0.001	$24,693,441
PNT	Panthermetals	0%	-32%	-32%	-41%	-35%	0.13	$3,690,000
BGL	Bellevue Gold	-1%	-1%	52%	23%	-1%	1.1225	$1,275,910,992
SFR	Sandfire Resources	-1%	-10%	48%	8%	4%	5.645	$2,540,319,120
TCG	Turaco Gold	-2%	-3%	21%	-40%	9%	0.063	$27,801,583
GUL	Gullewa	-2%	8%	-8%	-18%	-7%	0.056	$10,963,294
SPQ	Superior Resources	-2%	-10%	-4%	10%	-4%	0.054	$88,463,462
IDA	Indiana Resources	-2%	-7%	-22%	-12%	-5%	0.052	$26,563,855
AUC	Ausgold	-2%	0%	14%	4%	4%	0.049	$101,473,727
TIE	Tietto Minerals	-2%	-15%	12%	0%	-20%	0.5675	$630,765,944
AMI	Aurelia Metals	-2%	-11%	-54%	-78%	-18%	0.1025	$142,305,280
PGD	Peregrine Gold	-2%	-2%	-31%	-11%	8%	0.415	$15,633,347
MKG	Mako Gold	-3%	-3%	-39%	-58%	-3%	0.039	$17,922,752
MAT	Matsa Resources	-3%	-17%	-7%	-33%	5%	0.039	$16,068,180
STK	Strickland Metals	-3%	16%	-24%	-34%	-8%	0.037	$60,642,222
LM8	Lunnonmetals	-3%	-4%	3%	-2%	2%	0.91	$104,382,321
NXM	Nexus Minerals	-3%	-15%	-23%	-60%	-18%	0.165	$56,954,329
NWM	Norwest Minerals	-3%	-48%	-30%	-52%	-39%	0.033	$7,107,436
ORN	Orion Minerals	-3%	-9%	-11%	-36%	0%	0.016	$71,330,245
HAW	Hawthorn Resources	-3%	-13%	-9%	9%	-24%	0.087	$28,643,835
BCN	Beacon Minerals	-3%	4%	22%	-22%	0%	0.028	$105,189,509
GMD	Genesis Minerals	-3%	-14%	-6%	-38%	-22%	0.98	$417,182,574
AZS	Azure Minerals	-4%	-14%	29%	-29%	20%	0.27	$105,363,739
KNB	Koonenberrygold	-4%	-12%	-40%	-44%	-15%	0.053	$4,015,092
S2R	S2 Resources	-4%	-16%	-13%	-21%	-24%	0.13	$55,362,355
ENR	Encounter Resources	-4%	-7%	-10%	-16%	-28%	0.13	$44,440,723
PNR	Pantoro	-4%	-15%	-74%	-83%	-48%	0.05	$102,282,183
AGC	AGC	-4%	-12%	-29%	-45%	-17%	0.05	$4,900,000
CDR	Codrus Minerals	-4%	-21%	27%	-14%	-27%	0.095	$3,840,850
ASO	Aston Minerals	-4%	25%	25%	-27%	38%	0.11	$108,012,501
HAV	Havilah Resources	-4%	-11%	-8%	86%	-2%	0.325	$98,158,155
LEX	Lefroy Exploration	-4%	-10%	-27%	-32%	-17%	0.215	$34,498,470
WRM	White Rock Min	-5%	-2%	-27%	-69%	-5%	0.063	$17,373,121
BYH	Bryah Resources	-5%	-16%	-28%	-54%	-19%	0.021	$5,625,069
PUR	Pursuit Minerals	-5%	-28%	50%	5%	31%	0.021	$26,119,519
SXG	Southern Cross Gold	-5%	-12%	82%	0%	-24%	0.61	$53,446,449
VKA	Viking Mines	-5%	-9%	25%	-9%	0%	0.01	$10,252,584
TTM	Titan Minerals	-5%	-13%	7%	-43%	-10%	0.06	$80,442,572
MEG	Megado Minerals	-5%	-7%	-53%	-50%	-11%	0.04	$5,436,111
CBY	Canterbury Resources	-5%	-2%	14%	-43%	-2%	0.04	$5,760,941
EVN	Evolution Mining	-5%	-12%	28%	-42%	-13%	2.605	$4,991,244,388
AAJ	Aruma Resources	-5%	-14%	-12%	-30%	8%	0.057	$9,260,729
CST	Castile Resources	-5%	-6%	-25%	-47%	-5%	0.09	$22,013,121
CHN	Chalice Mining	-5%	-2%	54%	-11%	-3%	6.125	$2,266,212,108
MVL	Marvel Gold	-6%	-19%	-45%	-62%	-35%	0.017	$13,396,793
SRN	Surefire Rescs NL	-6%	13%	13%	31%	42%	0.017	$28,464,543
KCC	Kincora Copper	-6%	-3%	-3%	-55%	-7%	0.068	$8,228,958
MRZ	Mont Royal Resources	-6%	-23%	-35%	-41%	-6%	0.165	$13,011,707
MXR	Maximus Resources	-6%	-11%	-31%	-48%	-18%	0.033	$10,847,896
IPT	Impact Minerals	-6%	-11%	7%	-25%	14%	0.008	$19,850,964
KRM	Kingsrose Mining	-6%	-3%	25%	-15%	-2%	0.064	$46,656,644
HCH	Hot Chili	-6%	2%	-25%	-34%	0%	0.875	$103,917,329
VAN	Vango Mining	-6%	-2%	24%	21%	27%	0.047	$59,217,069
AWJ	Auric Mining	-6%	-27%	-42%	-48%	-28%	0.046	$6,019,541
LCL	Los Cerros	-6%	-22%	2%	-72%	-47%	0.03	$20,896,227
TSO	Tesoro Gold	-6%	11%	-13%	-63%	-17%	0.03	$31,605,377
BTR	Brightstar Resources	-6%	-29%	-6%	-44%	-12%	0.015	$10,778,675
NVA	Nova Minerals	-6%	-28%	-43%	-28%	-35%	0.445	$89,628,155
G50	Gold50	-6%	16%	57%	-8%	-12%	0.22	$12,527,460
A8G	Australasian Metals	-6%	-26%	-51%	-68%	-24%	0.145	$5,969,722
RND	Rand Mining	-6%	-8%	-9%	-17%	-4%	1.3	$73,938,749
VMC	Venus Metals Cor	-7%	-3%	-20%	-22%	4%	0.14	$24,931,016
MAU	Magnetic Resources	-7%	-1%	-32%	-53%	-21%	0.68	$156,068,419
SMI	Santana Minerals	-7%	-11%	-3%	40%	13%	0.74	$101,168,767
SMS	Starminerals	-7%	-7%	-30%	-69%	-10%	0.065	$1,959,217
DRE	Dreadnought Resources	-7%	-29%	-43%	67%	-38%	0.065	$214,092,334
MLS	Metals Australia	-7%	-25%	-24%	-52%	-15%	0.038	$23,674,411
BBX	BBX Minerals	-7%	-17%	79%	-11%	19%	0.125	$58,886,577
ANX	Anax Metals	-7%	-9%	-5%	-33%	17%	0.062	$27,020,059
AAU	Antilles Gold	-8%	-3%	-23%	-50%	23%	0.037	$19,492,425
OKR	Okapi Resources	-8%	-12%	-48%	-49%	0%	0.15	$23,947,109
KAL	Kalgoorliegoldmining	-8%	-19%	-63%	-64%	-30%	0.058	$4,800,945
SKY	SKY Metals	-8%	-10%	-25%	-44%	-6%	0.045	$16,955,256
TMX	Terrain Minerals	-8%	-8%	-21%	-21%	-8%	0.0055	$5,415,997
ADT	Adriatic Metals	-8%	8%	58%	62%	12%	3.52	$753,523,928
ASR	Asra Minerals	-8%	-27%	-56%	-61%	-45%	0.011	$14,671,187
NAE	New Age Exploration	-8%	-21%	-54%	-54%	-21%	0.0055	$8,615,393
VRC	Volt Resources	-8%	-8%	-61%	-8%	-27%	0.011	$43,333,663
SI6	SI6 Metals	-8%	10%	-31%	-45%	-8%	0.0055	$8,224,670
AM7	Arcadia Minerals	-9%	-2%	-23%	-7%	5%	0.215	$10,040,047
SVY	Stavely Minerals	-9%	-26%	17%	-55%	-23%	0.1875	$55,445,282
ADN	Andromeda Metals	-9%	0%	-19%	-78%	-5%	0.042	$127,510,346
AQI	Alicanto Min	-9%	-7%	-13%	-57%	-2%	0.042	$19,633,399
MI6	Minerals260	-9%	5%	11%	-37%	-7%	0.315	$68,200,000
ZNC	Zenith Minerals	-9%	-11%	-31%	-37%	-23%	0.205	$72,099,739
PRX	Prodigy Gold NL	-9%	-17%	-5%	-58%	-17%	0.01	$17,478,828
BC8	Black Cat Syndicate	-9%	-4%	4%	-41%	-1%	0.35	$94,483,943
NAG	Nagambie Resources	-9%	-17%	-38%	-4%	-24%	0.05	$27,320,384
LRL	Labyrinth Resources	-9%	-41%	-55%	-77%	-41%	0.01	$9,594,873
ICG	Inca Minerals	-9%	-5%	-50%	-78%	-13%	0.02	$9,657,067
KWR	Kingwest Resources	-9%	-26%	-40%	-83%	-17%	0.029	$8,170,078
RDT	Red Dirt Metals	-9%	-20%	-51%	-28%	-24%	0.3625	$162,391,234
DTM	Dart Mining NL	-10%	-14%	-59%	-53%	-31%	0.038	$5,913,581
GSN	Great Southern	-10%	-14%	-47%	-60%	-34%	0.019	$12,606,633
DCN	Dacian Gold	-10%	-13%	-5%	-65%	-16%	0.084	$102,211,279
MTC	Metalstech	-10%	-24%	4%	40%	-29%	0.37	$70,045,188
BNR	Bulletin Res	-10%	-22%	-33%	-36%	-3%	0.09	$26,423,199
KIN	KIN Min NL	-10%	-12%	-38%	-54%	-31%	0.045	$53,016,775
EM2	Eagle Mountain	-10%	-13%	-29%	-67%	3%	0.175	$51,844,367
FEG	Far East Gold	-11%	-27%	-54%	0%	-41%	0.285	$39,163,981
G88	Golden Mile Res	-11%	-21%	-50%	-74%	-21%	0.016	$3,068,846
KAI	Kairos Minerals	-11%	-24%	-60%	-33%	-30%	0.016	$31,425,496
IGO	IGO	-11%	-13%	-13%	4%	-9%	12.255	$9,170,513,215
GRL	Godolphin Resources	-11%	-39%	-35%	-63%	-34%	0.055	$6,510,320
CDT	Castle Minerals	-11%	-15%	-37%	-61%	-7%	0.0195	$24,738,846
PGO	Pacgold	-12%	-8%	-38%	-54%	-6%	0.34	$18,687,017
EMC	Everest Metals Corp	-12%	-16%	-25%	-46%	-5%	0.075	$7,982,483
BMO	Bastion Minerals	-12%	-42%	-67%	-82%	-12%	0.03	$4,513,883
LYN	Lycaonresources	-12%	-31%	-47%	-47%	-33%	0.185	$6,089,969
KTA	Krakatoa Resources	-12%	-36%	-57%	-33%	-34%	0.029	$9,651,878
PRS	Prospech	-13%	-25%	-38%	-56%	-28%	0.021	$2,119,166
BGD	Bartongoldholdings	-13%	-5%	40%	-13%	5%	0.21	$18,129,950
BAT	Battery Minerals	-13%	-13%	-22%	-61%	-13%	0.0035	$10,273,348
MOM	Moab Minerals	-13%	-22%	-75%	-75%	-22%	0.007	$4,773,744
HMX	Hammer Metals	-13%	-27%	0%	-44%	-19%	0.055	$45,177,404
SNG	Siren Gold	-13%	-23%	-54%	-67%	-47%	0.096	$14,097,175
TRM	Truscott Mining Corp	-13%	-68%	12%	47%	15%	0.047	$7,856,382
MEI	Meteoric Resources	-13%	-23%	669%	567%	89%	0.1	$138,997,908
MRR	Minrex Resources	-13%	-16%	-54%	-55%	-19%	0.026	$28,206,555
SAU	Southern Gold	-14%	-21%	-46%	-65%	-24%	0.019	$6,005,706
HRZ	Horizon	-14%	-30%	-39%	-62%	-28%	0.044	$27,405,233
M2R	Miramar	-14%	-36%	-52%	-69%	-38%	0.05	$3,534,087
GBR	Greatbould Resources	-14%	-1%	-15%	-45%	-7%	0.085	$37,062,987
FAU	First Au	-14%	-25%	-57%	-67%	-25%	0.003	$3,284,350
OZM	Ozaurum Resources	-14%	-42%	-62%	-62%	-36%	0.042	$6,096,000
GSM	Golden State Mining	-15%	-21%	-29%	-56%	-21%	0.034	$4,095,497
HXG	Hexagon Energy	-15%	-35%	-35%	-78%	-35%	0.011	$5,898,533
GBZ	GBM Rsources	-16%	-20%	-37%	-76%	-31%	0.0295	$16,320,202
TGM	Theta Gold Mines	-16%	-11%	-8%	-58%	-13%	0.059	$39,616,581
RGL	Riversgold	-16%	-27%	-58%	-51%	-47%	0.016	$15,127,483
MM8	Medallion Metals.	-16%	-25%	-40%	-57%	-32%	0.105	$14,695,281
WA8	Warriedarresour	-16%	-32%	-13%	-28%	-24%	0.13	$64,658,822
NMR	Native Mineral Res	-16%	-18%	-67%	-74%	-49%	0.056	$6,727,769
MHC	Manhattan Corp	-17%	-29%	-38%	-62%	-9%	0.005	$8,773,307
XTC	Xantippe Res	-17%	0%	-44%	-17%	0%	0.005	$52,900,498
MDI	Middle Island Res	-17%	-20%	-40%	-64%	5%	0.04	$4,896,729
M24	Mamba Exploration	-17%	-46%	-39%	-29%	-31%	0.1	$6,708,167
MKR	Manuka Resources.	-17%	-38%	-64%	-81%	-36%	0.054	$32,179,298
KZR	Kalamazoo Resources	-18%	-20%	-47%	-53%	-33%	0.14	$21,723,809
ICL	Iceni Gold	-18%	-22%	-14%	-29%	3%	0.082	$10,255,714
THR	Thor Energy PLC	-18%	-25%	-57%	-68%	-25%	0.0045	$7,390,564
A1G	African Gold .	-18%	-20%	5%	-53%	-14%	0.071	$12,021,096
GED	Golden Deeps	-20%	-20%	-43%	-20%	-11%	0.008	$9,241,814
AVM	Advance Metals	-20%	-11%	-33%	-47%	-20%	0.008	$4,656,353
SLZ	Sultan Resources	-21%	-21%	-54%	-71%	-46%	0.046	$4,580,641
BM8	Battery Age Minerals	-21%	-29%	-29%	-11%	-29%	0.355	$27,089,629
GAL	Galileo Mining	-22%	-30%	-56%	173%	-36%	0.56	$110,669,959
CYL	Catalyst Metals	-24%	-31%	-19%	-44%	-17%	0.9775	$147,254,044
SIH	Sihayo Gold	-25%	50%	-40%	-77%	-25%	0.0015	$9,153,192
PKO	Peako	-25%	-36%	-63%	-44%	-38%	0.009	$3,792,153
CLZ	Classic Min	-25%	-70%	-92%	-99%	-84%	0.0015	$3,307,654
CY5	Cygnus Metals	-26%	-25%	6%	47%	-34%	0.25	$50,565,408
ARV	Artemis Resources	-27%	-48%	-70%	-84%	-56%	0.011	$18,737,020
AVW	Avira Resources	-33%	-33%	-56%	-67%	-33%	0.002	$4,267,580
CODE	COMPANY	1 WEEK RETURN %	1 MONTH RETURN %	6 MONTH RETURN %	1 YEAR RETURN %	YEAR TO DATE RETURN %	PRICE	MARKET CAP
GWR	GWR Group	75%	93%	33%	-29%	86%	0.11	$35,333,832