• Spot gold prices are still in a good… spot, as bullish golden cross technical pattern forms
  • The World Gold Council has released its latest outlook – it leans mostly positive
  • The week’s top ASX gold-related stocks led by: FAU, MKR, TSO

 

Notwithstanding a bit of current rangebound consolidation ahead of the next lot of imminent US jobs reports, the world of gold has had a good time of it of late.

It’s the most stoic of metals – shines in face of adversity, often the geopolitical kind.

Speaking of stoicism and gold, and before we look at the latest bullion pricing, here’s something that caught our eye the other day… A gold bust of the legendary Stoic Roman emperor Marcus Aurelius, found in a Swiss sewer in 1939, is going on display this week in the J Paul Getty museum in LA.

“When you rise in the morning, think of what a precious privilege it is to be alive – to breathe, to think, to enjoy, to love,” said the charismatic mentor of fictional bloke Maximus once upon a time.

Good call.

As for the rise of something else precious, gold’s looking solid in USD terms, still trading above the magic 2k mark at $2,035 just now, settling in a touch below the all-time-high it set earlier this week – US$2,152.

Down Under, the shiny one is changing hands somewhere around AUD $3,081, at the time of writing.

 

Golden cross just formed – good times ahead?

By the way, if you did indeed enjoy seeing gold hit fresh highs this week, perhaps don’t be too deflated about this little pullback we’re having right now. As Otavio Costa, a Brazilian financial pundit with global asset manager Crescat Capital, notes – the big picture is probably what’s most important…

“Fundamentally, nothing has changed,” notes the analyst, adding:

“We are on the verge of initiating a prolonged cycle for precious metals, and the recent volatility should be viewed as an opportunity.

“This is a unique period where gold is leading the way, and all other assets strongly correlated to the metal remain historically undervalued.

“To be clear, this is not the time to be bearish on other precious metals and the miners. That was the right call a decade ago.”

Costa also points to a golden cross currently in the process of confirming for gold. That’s when a short-term moving average for an asset turns above its longer-term MA. And it usually signals an asset is turning a corner into a bullish phase.

Barchart here also confirms it – for gold futures – with the 50-day MA just breaking above the 200-day.

 

Is that a ‘mild buying tone’ in the air? 

Meanwhile, over at FXStreet, analyst Guillermo Alcala sees spot gold maintaining “a mild buying tone” ahead of Friday in America, when the Nonfarm Payrolls report is due to land.

“Investors are increasingly confident that the major central banks’ tightening era is over and speculation that rate cuts might come before previously thought is keeping bullion sellers in check,” wrote Alcala.

“The Federal Reserve is widely expected to leave rates on hold at their monetary policy meeting next week, with the market pricing in a 50% chance that rate cuts will start in March Next year.”

From what we’ve been reading lately, that 50% figure does seem about right – a bet each way on the Fed’s soft landing or slam into a heavier recession after all.

According to co-founder of Macro Intelligence 2 Partners Julien Bridgen, who spoke with financial outlet Kitco the other day, a soft landing is unlikely with, in his view, the Fed a long way from cutting rates.

It’s a view that runs contrary to plenty of other analytical takes. For instance, World Gold Council market strategist Joseph Cavatoni told The Australian yesterday that: “They [the Fed] look like they might be done (with rate rises) and that is likely to mean that money will move away from gold when those rate cuts occur.”

Bridgen’s favoured scenario, however, would support more bullish action on gold although it mightn’t be as good short term for perhaps large portions of your equities portfolio.

Gold doesn’t have a safe-haven rep as the ultimate inflation hedge for nothing.

“I think for gold to really break out you have got to see the equity market break down in the US, you’ve got to see the Fed then truly step back and start to cut rates and the dollar to go [down]. That I think would set you up for this solid breakout that we want, said Bridgen.”

 

World Gold Council: all looking pretty ‘stable’

The World Gold Council, which we’d like to think shares office space with the Jedi Council in a building on Coruscant (and so we will), has provided its latest update and outlook.

The TLDR on it is… in 2024 gold prices could go up, could go down… but probably not down and more likely up.

Essentially, it’s telling us things are looking “stable” for the most precious of precious metals next year. Fence sitting? Maybe, but no one’s got a crystal ball here, not even the Jedis.

The council cites geopolitical tensions, including major elections taking place in 2024, and continued central bank buying are the likely factors that will support gold and counter any softening in demand caused by a probable soft landing in the US.

Here are the WGC’s three potential scenarios for the yellow metal in 2024, which it places in order of probability:

  1. Soft landing – “A flat outlook with upside potential. While market consensus points to a soft landing, this will be hard execute, noting seven of the past nine hiking cycles have resulted in a recession.”
  2. Hard landing/recession – “Higher rates may spook markets, strong case for strategic gold allocations.”
  3. No landing – “The unlikely reacceleration of inflation and growth could result in a flat to slightly weaker than average performance next year, noting Morgan Stanley’s view that, ‘a no landing is just a soft or a hard landing waiting to happen’.”

It’s a  65 per cent chance of a soft landing in the global economy for 2024, according to the WGC, which it said could deliver flat growth for gold and yet, and yet… still some upside potential.

WGC strategist Joseph Catavoni also suggested to The Australian that:

Diversification of a portfolio including gold would continue to be important for investors in 2024 as the world faced elections across much of the globe including in Taiwan, the UK, India and the US where polls suggest President Joe Biden and former President Donald Trump will square off again.

“There are a lot of elections to be held in 2024 and this creates a very uncertain outlook that could provide uplift to gold markets and other risk assets,” said Catavoni. “Markets are likely to react very differently to a Republican or Democrat outcome in the US.”

Sources: Bloomberg, World Gold Council. Data as of 23 November 2023.

 

“The market consensus is set on a soft landing, and dovish commentary from the Fed has helped drive up gold prices to record highs this week,” noted Juan Carlos Artigas, the WGC’s global head of research.

“However, a soft landing isn’t written in stone and remains one possibility alongside a recession or even a ‘no-landing.’

 “Taking into account all relevant factors for 2024, including event risk and sustained strong central bank demand; we expect conditions to be in place that support a stable gold market at the least and even a possible surprise to the upside.”

 

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 Price % Week % Month % YTD Market Cap
MRR Minrex Resources Ltd 0.0175 9% 17% -1% $18,442,748
NPMDA Newpeak Metals 0.015 -46% -85% -9% $1,699,248
ASO Aston Minerals Ltd 0.0295 -11% -18% -5% $37,556,864
MTC Metalstech Ltd 0.135 -5% 8% -39% $25,508,870
FFX Firefinch Ltd 0.2 0% 0% 0% $236,569,315
GED Golden Deeps 0.046 -8% -8% -4% $5,429,550
G88 Golden Mile Res Ltd 0.018 -14% -22% 0% $6,258,401
DCX Discovex Res Ltd 0.0015 -25% -25% 0% $4,953,852
NMR Native Mineral Res 0.025 -4% -17% -9% $5,243,763
AQX Alice Queen Ltd 0.006 0% -50% -3% $1,018,444
SLZ Sultan Resources Ltd 0.015 -6% -6% -7% $2,222,851
MKG Mako Gold 0.0095 6% -32% -3% $5,961,685
KSN Kingston Resources 0.088 1% -2% 1% $42,824,718
AMI Aurelia Metals Ltd 0.105 -5% 0% -1% $185,874,414
PNX PNX Metals Limited 0.0035 -13% 17% 0% $21,522,499
GIB Gibb River Diamonds 0.028 -10% -24% -3% $5,710,755
KCN Kingsgate Consolid. 1.36 -6% 20% -37% $355,697,335
TMX Terrain Minerals 0.004 -11% 0% 0% $5,413,711
BNR Bulletin Res Ltd 0.11 -35% -37% 2% $33,765,532
NXM Nexus Minerals Ltd 0.049 0% 26% -15% $19,063,946
SKY SKY Metals Ltd 0.036 -10% -10% -1% $16,610,331
LM8 Lunnonmetalslimited 0.68 0% -3% -22% $141,086,557
CST Castile Resources 0.074 25% 19% -2% $17,900,780
YRL Yandal Resources 0.09 1% 55% -1% $21,125,354
FAU First Au Ltd 0.004 100% 60% 0% $4,985,980
ARL Ardea Resources Ltd 0.455 1% -16% -26% $91,491,100
GWR GWR Group Ltd 0.085 13% 6% 3% $26,660,982
IVR Investigator Res Ltd 0.045 -4% 7% 0% $66,109,821
GTR Gti Energy Ltd 0.0075 -17% 7% 0% $14,349,630
IPT Impact Minerals 0.01 0% -9% 0% $28,647,039
BNZ Benzmining 0.28 -10% -20% -13% $31,279,213
MOH Moho Resources 0.009 -10% 29% -1% $4,823,470
BBX BBX Minerals Ltd 0.023 -12% -4% -8% $13,865,541
PUA Peak Minerals Ltd 0.0035 0% 17% 0% $3,644,818
MRZ Mont Royal Resources 0.16 0% -3% -2% $13,604,767
SMS Starmineralslimited 0.035 -3% 0% -4% $2,809,144
MVL Marvel Gold Limited 0.009 -10% -10% -2% $7,774,116
PRX Prodigy Gold NL 0.008 0% 0% 0% $14,008,863
AAU Antilles Gold Ltd 0.022 0% -4% -1% $17,663,955
CWX Carawine Resources 0.12 9% 14% 2% $28,335,054
RND Rand Mining Ltd 1.365 9% 10% 1% $77,635,687
CAZ Cazaly Resources 0.029 -19% -12% -1% $12,646,750
BMR Ballymore Resources 0.14 -7% 8% -1% $20,976,377
DRE Dreadnought Resources Ltd 0.0325 2% -2% -7% $107,165,304
ZNC Zenith Minerals Ltd 0.14 8% 17% -13% $51,095,228
REZ Resourc & En Grp Ltd 0.014 -13% -7% 0% $7,497,087
LEX Lefroy Exploration 0.16 -6% -3% -10% $33,371,298
ERM Emmerson Resources 0.056 -3% -3% -2% $32,137,877
AM7 Arcadia Minerals 0.076 -11% 19% -13% $8,287,808
ADT Adriatic Metals 3.235 0% -7% 9% $783,229,623
GMR Golden Rim Resources 0.013 18% -28% -2% $7,690,649
CYL Catalyst Metals 1.005 10% 26% -18% $220,157,544
CHN Chalice Mining Ltd 1.7125 13% -5% -459% $659,292,800
KAL Kalgoorliegoldmining 0.027 13% 8% -6% $4,438,020
MLS Metals Australia 0.034 -8% -6% -1% $21,217,230
ADN Andromeda Metals Ltd 0.021 0% 0% -2% $65,310,177
MEI Meteoric Resources 0.22 7% -10% 17% $398,539,911
SRN Surefire Rescs NL 0.01 5% -9% 0% $18,367,531
SIH Sihayo Gold Limited 0.002 0% 33% 0% $12,204,256
WA8 Warriedarresourltd 0.061 22% 2% -11% $31,646,158
HMX Hammer Metals Ltd 0.051 9% 3% -2% $43,433,960
WCN White Cliff Min Ltd 0.011 -15% 10% 0% $14,042,153
AVM Advance Metals Ltd 0.002 -33% -33% -1% $2,377,897
WRM White Rock Min Ltd 0.063 0% 0% 0% $17,508,200
ASR Asra Minerals Ltd 0.008 0% 0% -1% $12,217,468
MCT Metalicity Limited 0.002 33% 0% 0% $6,376,629
AME Alto Metals Limited 0.046 10% 5% -2% $33,101,604
CTO Citigold Corp Ltd 0.006 33% 20% 0% $14,368,295
TIE Tietto Minerals 0.6 -3% 4% -11% $683,462,723
SMI Santana Minerals Ltd 0.855 13% 27% 20% $144,932,679
M2R Miramar 0.028 47% 47% -5% $2,977,391
MHC Manhattan Corp Ltd 0.004 0% -20% 0% $11,747,919
GRL Godolphin Resources 0.038 0% 6% -4% $6,431,197
SVG Savannah Goldfields 0.048 -16% -6% -14% $9,621,131
EMC Everest Metals Corp 0.095 13% 9% 2% $15,511,895
GUL Gullewa Limited 0.055 0% 0% -1% $10,822,521
CY5 Cygnus Metals Ltd 0.135 0% -21% -25% $39,360,484
G50 Gold50Limited 0.15 25% 20% -10% $15,847,050
ADV Ardiden Ltd 0.175 -3% -19% -13% $11,565,739
AAR Astral Resources NL 0.079 -1% -4% 1% $62,654,705
VMC Venus Metals Cor Ltd 0.1 -9% -9% 2% $18,972,868
NAE New Age Exploration 0.006 -25% 0% 0% $10,763,393
VKA Viking Mines Ltd 0.013 0% 44% 0% $13,328,360
LCL LCL Resources Ltd 0.016 -24% -36% -4% $13,503,176
MTH Mithril Resources 0.002 0% 100% 0% $6,737,609
ADG Adelong Gold Limited 0.005 -17% -17% 0% $3,398,278
RMX Red Mount Min Ltd 0.003 0% -25% 0% $8,020,728
PRS Prospech Limited 0.034 -17% 70% 1% $7,625,443
XTCDA Xantippe Res Ltd 0.2 0% 0% -40% $17,528,005
TTM Titan Minerals 0.0255 -22% -22% -4% $43,192,226
NML Navarre Minerals Ltd 0.019 0% 0% -2% $28,555,654
MZZ Matador Mining Ltd 0.044 -23% 10% -7% $24,444,699
KZR Kalamazoo Resources 0.125 9% 9% -9% $21,421,184
BCN Beacon Minerals 0.027 -4% 2% 0% $101,432,741
MAU Magnetic Resources 1.04 -2% -5% 18% $257,537,848
BC8 Black Cat Syndicate 0.27 8% 32% -9% $80,497,816
EM2 Eagle Mountain 0.062 13% -10% -11% $20,737,747
EMR Emerald Res NL 2.59 -9% -3% 141% $1,688,506,768
BYH Bryah Resources Ltd 0.013 -13% 8% -1% $5,203,287
HCH Hot Chili Ltd 1.02 0% -6% 15% $118,847,980
WAF West African Res Ltd 0.925 -1% 11% -25% $969,676,858
MEU Marmota Limited 0.049 20% 17% 0% $49,763,627
NVA Nova Minerals Ltd 0.3 15% 11% -38% $65,375,888
SVL Silver Mines Limited 0.17 -3% 0% -3% $238,736,464
PGD Peregrine Gold 0.265 -10% -10% -12% $15,210,768
ICL Iceni Gold 0.058 -5% -2% -2% $13,911,714
FG1 Flynngold 0.064 -20% -4% -4% $8,728,485
WWI West Wits Mining Ltd 0.012 0% -8% 0% $29,164,700
RML Resolution Minerals 0.003 -25% -50% -1% $3,771,875
AAJ Aruma Resources Ltd 0.03 -9% -6% -2% $5,906,745
AL8 Alderan Resource Ltd 0.005 -23% -67% 0% $5,534,307
GMN Gold Mountain Ltd 0.005 -29% -9% 0% $11,345,393
MEG Megado Minerals Ltd 0.025 -11% -29% -2% $6,361,389
HMG Hamelingoldlimited 0.082 0% -6% -6% $12,915,000
TBA Tombola Gold Ltd 0.026 0% 0% 0% $33,129,243
BM8 Battery Age Minerals 0.18 -18% -10% -32% $16,267,482
TBR Tribune Res Ltd 2.67 -1% -14% -136% $140,089,766
FML Focus Minerals Ltd 0.17 -8% 0% -9% $48,714,970
GSR Greenstone Resources 0.008 0% 0% -2% $10,944,908
VRC Volt Resources Ltd 0.007 0% 0% -1% $28,910,747
ARV Artemis Resources 0.021 -13% -22% 0% $33,823,923
HRN Horizon Gold Ltd 0.285 -2% -5% -2% $41,279,378
CLA Celsius Resource Ltd 0.012 -14% 20% 0% $28,075,646
QML Qmines Limited 0.089 0% 20% -8% $17,717,788
RDN Raiden Resources Ltd 0.038 -12% 0% 3% $92,861,562
TCG Turaco Gold Limited 0.1225 11% 119% 6% $73,400,000
KCC Kincora Copper 0.029 12% 4% -4% $4,475,381
GBZ GBM Rsources Ltd 0.01 -17% -47% -3% $6,823,540
DTM Dart Mining NL 0.016 -6% -11% -4% $3,641,274
MKR Manuka Resources. 0.07 56% 75% -2% $33,188,684
AUC Ausgold Limited 0.033 0% 10% -1% $75,772,660
ANX Anax Metals Ltd 0.027 -7% -7% -3% $12,984,776
EMU EMU NL 0.001 0% -33% 0% $3,335,043
SFM Santa Fe Minerals 0.043 0% 0% -4% $3,131,208
SSR SSR Mining Inc. 17.34 -2% -9% -571% $403,235,434
PNR Pantoro Limited 0.0495 -7% 18% -5% $265,405,556
CMM Capricorn Metals 4.395 -8% -9% -21% $1,631,658,480
X64 Ten Sixty Four Ltd 0.57 0% 0% -7% $130,184,182
SI6 SI6 Metals Limited 0.0055 -8% 0% 0% $11,963,157
HAW Hawthorn Resources 0.09 0% -10% -3% $30,151,405
BGD Bartongoldholdings 0.245 -2% 2% 5% $46,928,939
SVY Stavely Minerals Ltd 0.05 -11% -26% -20% $19,097,005
AGC AGC Ltd 0.068 10% 8% 1% $6,600,000
RGL Riversgold 0.014 -13% 56% -2% $14,268,922
TSO Tesoro Gold Ltd 0.03 50% 58% -1% $29,925,749
GUE Global Uranium 0.09 -9% -22% -6% $19,140,577
CPM Coopermetalslimited 0.315 -28% 125% 8% $21,307,893
MM8 Medallion Metals. 0.065 3% 10% -9% $20,612,661
AUT Auteco Minerals 0.525 1% 6% -24% $194,810,889
CBY Canterbury Resources 0.03 7% 30% -1% $5,058,324
LYN Lycaonresources 0.175 13% -10% -10% $6,828,719
SFR Sandfire Resources 6.52 6% 6% 108% $2,938,461,158
TMZ Thomson Res Ltd 0.005 0% 0% -1% $4,881,018
TAM Tanami Gold NL 0.038 0% 6% 0% $43,478,591
WMC Wiluna Mining Corp 0.205 0% 0% 0% $74,238,031
NWM Norwest Minerals 0.029 -3% -5% -3% $8,339,516
ALK Alkane Resources Ltd 0.6475 -3% 4% 11% $392,234,256
BMO Bastion Minerals 0.013 -19% -28% -2% $2,719,019
IDA Indiana Resources 0.061 2% 9% 1% $36,914,224
GSM Golden State Mining 0.0155 -18% -3% -3% $4,060,625
NSM Northstaw 0.065002 -4% -7% -8% $7,808,495
GSN Great Southern 0.019 -10% -21% -1% $14,338,069
RED Red 5 Limited 0.3625 4% 8% 16% $1,246,388,130
DEG De Grey Mining 1.325 -3% 9% 4% $2,471,368,171
THR Thor Energy PLC 0.028 0% 0% -3% $5,209,017
CDR Codrus Minerals Ltd 0.057 2% -8% -7% $4,998,188
MDI Middle Island Res 0.015 -6% 0% -2% $3,264,810
BAT Battery Minerals Ltd 0.038 3% -22% -8% $4,186,157
POL Polymetals Resources 0.285 -11% -5% 4% $44,889,626
RDS Redstone Resources 0.006 0% -14% 0% $5,528,271
NAG Nagambie Resources 0.03 0% 7% -4% $16,870,063
BGL Bellevue Gold Ltd 1.82 6% 29% 69% $2,056,719,963
GBR Greatbould Resources 0.068 8% 3% -2% $37,856,398
KAI Kairos Minerals Ltd 0.015 0% -12% -1% $39,313,683
KAU Kaiser Reef 0.165 -3% -3% 0% $25,878,515
HRZ Horizon 0.04 5% 21% -2% $28,740,331
CAI Calidus Resources 0.18 -8% 0% -9% $112,893,846
CDT Castle Minerals 0.01 -5% -17% -1% $12,244,930
RSG Resolute Mining 0.44 1% 11% 24% $904,846,256
MXR Maximus Resources 0.04 -27% 3% 0% $14,106,654
EVN Evolution Mining Ltd 3.63 -11% -2% 65% $6,706,322,518
CXU Cauldron Energy Ltd 0.015 7% 25% 1% $15,850,288
DLI Delta Lithium 0.465 -2% -18% 0% $293,640,952
ALY Alchemy Resource Ltd 0.01 0% -9% -1% $11,780,763
HXG Hexagon Energy 0.01 11% 11% -1% $5,129,159
OBM Ora Banda Mining Ltd 0.23 -2% 44% 15% $392,516,820
SLR Silver Lake Resource 1.13 3% 1% -6% $1,051,587,375
AVW Avira Resources Ltd 0.0015 -25% 50% 0% $3,200,685
LCY Legacy Iron Ore 0.016 -6% -6% 0% $102,509,219
PDI Predictive Disc Ltd 0.23 -2% 0% 5% $486,037,361
MAT Matsa Resources 0.026 -7% -21% -1% $12,445,525
ZAG Zuleika Gold Ltd 0.019 -10% 36% 0% $13,985,625
GML Gateway Mining 0.027 23% 29% -3% $7,955,581
SBM St Barbara Limited 0.1975 -6% -1% -14% $163,594,076
SBR Sabre Resources 0.027 -29% -27% -1% $9,776,397
STK Strickland Metals 0.1525 -18% -5% 11% $244,600,510
ION Iondrive Limited 0.012 -8% -8% -1% $5,835,423
CEL Challenger Gold Ltd 0.072 3% -14% -10% $90,688,699
LRL Labyrinth Resources 0.006 0% -14% -1% $7,125,262
NST Northern Star 12.56 -1% 4% 165% $14,572,123,751
OZM Ozaurum Resources 0.1 -9% -17% 3% $15,398,750
TG1 Techgen Metals Ltd 0.099 16% 267% 2% $9,611,809
XAM Xanadu Mines Ltd 0.054 -2% -21% 3% $83,340,213
AQI Alicanto Min Ltd 0.036 -16% -31% -1% $23,382,799
KTA Krakatoa Resources 0.04 -9% 38% 0% $17,940,074
ARN Aldoro Resources 0.083 -1% -3% -8% $11,173,771
WGX Westgold Resources. 2.14 0% 2% 127% $1,013,552,642
MBK Metal Bank Ltd 0.028 -26% -7% -1% $10,104,174
A8G Australasian Metals 0.16 -9% -6% -3% $8,339,279
TAR Taruga Minerals 0.011 0% 10% -1% $7,060,268
DTR Dateline Resources 0.011 -4% 0% -3% $14,442,401
GOR Gold Road Res Ltd 1.9425 0% 2% 25% $2,092,124,399
S2R S2 Resources 0.205 21% 11% 4% $84,189,712
NES Nelson Resources. 0.004 0% -20% 0% $3,067,972
TLM Talisman Mining 0.21 8% 45% 7% $37,664,070
BEZ Besragoldinc 0.145 0% 16% 9% $62,715,136
PRU Perseus Mining Ltd 1.8825 -2% 6% -23% $2,575,432,418
SPQ Superior Resources 0.018 -10% -18% -4% $33,021,968
PUR Pursuit Minerals 0.008 -11% -11% -1% $22,079,786
RMS Ramelius Resources 1.5975 -7% -3% 67% $1,801,794,682
PKO Peako Limited 0.005 0% 0% -1% $2,635,424
ICG Inca Minerals Ltd 0.012 0% -43% -1% $5,844,355
A1G African Gold Ltd. 0.0345 1% -4% -5% $5,925,892
OAU Ora Gold Limited 0.006 0% -14% 0% $39,355,173
GNM Great Northern 0.018 -14% -14% -4% $3,092,582
KRM Kingsrose Mining Ltd 0.045 2% -10% -2% $32,358,640
BTR Brightstar Resources 0.015 0% 36% 0% $34,873,865
RRL Regis Resources 1.905 -2% 4% -16% $1,438,920,429
M24 Mamba Exploration 0.036 13% 24% -11% $2,195,400
TRM Truscott Mining Corp 0.06 7% -5% 2% $10,402,024
TNC True North Copper 0.11 -12% -31% 6% $36,199,741
MOM Moab Minerals Ltd 0.008 33% 14% 0% $4,983,744
KNB Koonenberrygold 0.028 -13% -22% -3% $3,352,974
AWJ Auric Mining 0.07 21% 1% 1% $9,160,171
AZS Azure Minerals 3.57 -10% -8% 335% $1,642,072,879
ENR Encounter Resources 0.29 -3% -21% 11% $116,652,726
SNG Siren Gold 0.046 -16% -27% -14% $7,947,590
STN Saturn Metals 0.16 19% 23% -2% $35,697,313
USL Unico Silver Limited 0.11 5% 10% -6% $32,565,675
PNM Pacific Nickel Mines 0.082 -7% -16% 0% $34,296,755
AYM Australia United Min 0.002 0% -33% 0% $3,685,155
ANL Amani Gold Ltd 0.001 0% 0% 0% $25,143,441
HAV Havilah Resources 0.27 -2% 13% -6% $87,075,783
SPR Spartan Resources 0.48 -3% 9% 31% $453,179,994
PNT Panthermetalsltd 0.06 7% -18% -13% $3,669,000
MEK Meeka Metals Limited 0.043 2% 13% -3% $50,996,234
GMD Genesis Minerals 1.84 0% 20% 59% $2,030,364,822
PGO Pacgold 0.21 2% -5% -15% $16,829,088
FEG Far East Gold 0.15 -6% 0% -33% $27,090,932
MI6 Minerals260Limited 0.285 -2% -22% -6% $67,860,000
IGO IGO Limited 8.2 -4% -14% -526% $6,080,860,538
GAL Galileo Mining Ltd 0.27 -2% -7% -61% $56,323,104
RXL Rox Resources 0.19 0% -15% 2% $68,330,538
KIN KIN Min NL 0.062 2% 5% 0% $71,867,183
CLZ Classic Min Ltd 0.001 0% 0% -1% $12,357,082
TGM Theta Gold Mines Ltd 0.125 -4% -14% 6% $95,320,126
FAL Falconmetalsltd 0.15 11% 3% -13% $26,550,000
SXG Southern Cross Gold 0.95 5% 9% 15% $86,003,120
SPD Southernpalladium 0.335 -7% -13% -48% $13,354,281
ORN Orion Minerals Ltd 0.013 -7% -28% 0% $75,985,451
TMB Tambourahmetals 0.13 -21% -19% 3% $10,782,246
TMS Tennant Minerals Ltd 0.036 13% 50% 1% $27,339,603
AZY Antipa Minerals Ltd 0.015 0% 7% -1% $57,887,311
PXX Polarx Limited 0.008 7% 14% -1% $11,477,317
TRE Toubaniresourcesinc 0.15 15% 36% -1% $18,741,193
AUN Aurumin 0.023 -8% -8% -4% $7,642,634
GPR Geopacific Resources 0.021 17% 31% -1% $17,256,065
FXG Felix Gold Limited 0.043 -14% 0% -8% $5,816,614
ILT Iltani Resources Lim 0.135 -7% -10% 0% $4,591,418
ARD Argent Minerals 0.011 0% 22% 0% $12,968,793
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Best-performing goldies over the past week

The week’s biggest gains 🚀

First Au (ASX:FAU)  +100%

Manuka Resources (ASX:MKR) +56%

Tesoro Resources (ASX:TSO) +50%

Miramar Resources (ASX:M2R) +47%

Moab Minerals (ASX:MOM) +33%

Citigold (ASX:CTO) +33%

Metalicity (ASX:MCT) +33%

Castile Resources (ASX:CST) +25%

 

Right then, that’s a wrap for another week. It’s Friday afternoon, and Stockhead’s westies are having a Christmas party. We’ll drink to that. Just not faster than this talented entrepreneur…

 

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