How good have surging gold prices really been for our explorers?
Mining
Mining
Gold prices have surged in 2019, breaking through the A$2,000 barrier and continuing to climb.
Gold stocks notably rallied back in June on the day gold went above $2,000. But in the longer run, have stocks been following the trend?
Overall they have. ASX small cap gold stocks have gained 27 per cent in 2019. But of course not all gold stocks have advanced and only a handful have surged at rates most other peers can only dream of.
The most notable mover had been Spectrum Metals (ASX:SPX), which has shot up nearly 2,000 per cent on the back of spectacular drilling results at its Penny West project.
Next is Andromeda Metals (ASX:ADN), which has repositioned itself with a primary focus on high purity alumina, but also has some gold projects. A further four stocks have tripled and another 13 have gained between 100 and 200 per cent.
Echo Resources (ASX:EAR) just crossed the barrier today after Northern Star (ASX:NST) made a takeover offer.
But not all stocks have enjoyed the gains. While companies can decline because of the industry they are in, some gold stocks have declined because they did not appear to shareholders to be fully pouncing on this opportunity.
The biggest decliner is Argonaut Resources (ASX:ARE), which has fallen 72 per cent. The company has suffered operational difficulties at its Torrens gold and copper project.
Dacian Gold (ASX:DCN) is another laggard. While it has rallied from year-record lows, it was hit by a production downgrade earlier in 2019.
Code | Short Name | Price | YTD % Return | Market Cap |
---|---|---|---|---|
SPX | SPECTRUM METALS | 0.1 | 1.90k | 145.48M |
ADN | ANDROMEDA METALS | 0.06 | 866.67 | 78.63M |
RED | RED 5 LTD | 0.35 | 293.26 | 435.52M |
BC8 | BLACK CAT SYNDIC | 0.54 | 256.67 | 38.55M |
TIE | TIETTO MINERALS | 0.22 | 230.77 | 56.77M |
PEC | PERPETUAL RESOUR | 0.04 | 207.69 | 12.34M |
E2M | E2 METALS LTD | 0.22 | 181.25 | 20.67M |
KGM | KALNORTH GOLD MI | 0.01 | 150 | 8.94M |
BCN | BEACON MINERALS | 0.04 | 135.71 | 128.63M |
KCN | KINGSGATE CONSOL | 0.38 | 127.27 | 84.83M |
LNY | LANEWAY RESOURCE | 0.01 | 125 | 33.48M |
EAR | ECHO RESOURCES L | 0.32 | 116.67 | 172.77M |
ALK | ALKANE RESOURCES | 0.41 | 107.69 | 204.97M |
AQI | ALICANTO MINERAL | 0.06 | 105.17 | 10.18M |
STN | SATURN METALS LT | 0.4 | 105.13 | 25.46M |
MML | MEDUSA MINING | 0.81 | 100 | 166.24M |
SMD | SYNDICATED METAL | 0.01 | 100 | 6.65M |
TGM | THETA GOLD MINES | 0.16 | 100 | 64.13M |
MDI | MIDDLE ISLAND RE | 0.01 | 100 | 8.37M |
TBR | TRIBUNE RES LTD | 8 | 99 | 444.02M |
FML | FOCUS MINERALS L | 0.34 | 94.29 | 62.13M |
ERM | EMMERSON RESOURC | 0.14 | 90.14 | 57.36M |
LLO | LION ONE MET-CDI | 0.75 | 89.87 | 77.33M |
WAF | WEST AFRICAN RES | 0.46 | 84 | 417.83M |
PRX | PRODIGY GOLD NL | 0.13 | 83.82 | 60.08M |
AWV | ANOVA METALS LTD | 0.02 | 80 | 11.50M |
HRN | HORIZON GOLD LTD | 0.39 | 77.27 | 29.85M |
OVL | ORO VERDE LTD | 0.01 | 75 | 12.29M |
GML | GATEWAY MINING | 0.02 | 72.73 | 20.77M |
BDC | BARDOC GOLD LTD | 0.09 | 70.82 | 112.82M |
SMC | STRATEGIC MIN | 0.49 | 69.91 | 42.09M |
ODM | ODIN METALS LTD | 0.15 | 66.67 | 23.06M |
AOP | APOLLO CONSOLIDA | 0.27 | 60.08 | 59.80M |
HMX | HAMMER METALS LT | 0.03 | 57.14 | 15.80M |
RND | RAND MINING LTD | 3.05 | 51.74 | 183.45M |
EGA | EGAN STREET RESO | 0.31 | 51.22 | 41.22M |
TAM | TANAMI GOLD NL | 0.05 | 50 | 63.46M |
KWR | KINGWEST RESOURC | 0.27 | 50 | 16.58M |
DRE | DREADNOUGHT RESO | 0 | 50 | 5.87M |
BGL | BELLEVUE GOLD LT | 0.61 | 47.56 | 344.19M |
PM8 | PENSANA METALS L | 0.22 | 46.67 | 31.68M |
CYL | CATALYST METALS | 2.49 | 42.29 | 197.23M |
HAW | HAWTHORN RESOURC | 0.05 | 38.46 | 17.64M |
CHN | CHALICE GOLD MIN | 0.19 | 37.04 | 52.07M |
YRL | YANDAL RESOURCES | 0.28 | 30.95 | 18.38M |
EMR | EMERALD RESOURCE | 0.04 | 30 | 118.89M |
NUS | NUSANTARA RESOUR | 0.24 | 29.73 | 40.27M |
PGI | PANTERRA GOLD LT | 0.03 | 21.74 | 5.91M |
BSX | BLACKSTONE MINER | 0.14 | 21.74 | 22.53M |
ARS | ALT RESOURCES LT | 0.02 | 20 | 11.86M |
VAN | VANGO MINING LTD | 0.19 | 18.75 | 124.31M |
BRB | BREAKER RESOURCE | 0.38 | 18.75 | 76.38M |
CGN | CRATER GOLD MINI | 0.02 | 18.75 | 23.32M |
AGS | ALLIANCE RESOURC | 0.14 | 18.26 | 21.43M |
CAI | CALIDUS RESOURCE | 0.03 | 17.86 | 70.82M |
HRZ | HORIZON MINERALS | 0.15 | 15.38 | 64.20M |
SAU | SOUTHERN GOLD LT | 0.18 | 13.74 | 15.02M |
GMD | GENESIS MINERALS | 0.04 | 11.24 | 40.25M |
CDT | CASTLE MINERALS | 0.01 | 11.11 | 2.24M |
NTM | NTM GOLD LTD | 0.04 | 10 | 23.03M |
DGO | DGO GOLD LTD | 0.7 | 8.8 | 23.42M |
BBX | BBX MINERALS LTD | 0.19 | 8.57 | 80.14M |
PDI | PREDICTIVE DISCO | 0.01 | 7.14 | 4.13M |
CDV | CARDINAL RESOURC | 0.46 | 6.98 | 183.84M |
TRY | TROY RES LTD | 0.12 | 4.55 | 68.09M |
ALY | ALCHEMY RESOURCE | 0.01 | 4.17 | 5.84M |
MAT | MATSA RESOURCES | 0.17 | 3.13 | 28.31M |
SFM | SANTA FE MINERAL | 0.09 | 2.22 | 6.70M |
CY5 | CYGNUS GOLD LTD | 0.07 | 1.54 | 4.01M |
AUT | AUTECO MINERALS | 0 | 0 | 5.01M |
GUL | GULLEWA LTD | 0.03 | 0 | 4.03M |
GWR | GWR GROUP LTD | 0.1 | 0 | 26.62M |
TMX | TERRAIN MINERALS | 0 | 0 | 2.57M |
AAJ | ARUMA RESOURCES | 0.01 | 0 | 3.94M |
AVW | AVIRA RESOURCES | 0 | 0 | 3.00M |
MSR | MANAS RESOURCES | 0 | 0 | 10.57M |
DTR | DATELINE RESOURC | 0 | 0 | 24.41M |
AYR | ALLOY RESOURCES | 0 | 0 | 5.08M |
OKR | OKAPI RESOURCES | 0.2 | -2.44 | 7.21M |
NWF | NEWFIELD RESOURC | 0.19 | -2.56 | 110.45M |
ARM | AURORA MINERALS | 0.01 | -3.75 | 3.28M |
ANL | AMANI GOLD LTD | 0 | -4.55 | 15.64M |
KGD | KULA GOLD LTD | 0.02 | -5 | 1.12M |
CYM | CYPRIUM METALS L | 0.17 | -5.41 | 7.89M |
GMR | GOLDEN RIM RESOU | 0.01 | -6.25 | 14.04M |
GCR | GOLDEN CROSS RES | 0.02 | -9.52 | 1.93M |
ARL | ARDEA RESOURCES | 0.47 | -9.62 | 52.01M |
NXM | NEXUS MINERALS L | 0.05 | -9.62 | 5.56M |
WWI | WEST WITS MINING | 0.01 | -11.11 | 7.38M |
KTA | KRAKATOA RESOURC | 0.02 | -12 | 2.97M |
NAG | NAGAMBIE RESOURC | 0.06 | -12.86 | 26.68M |
CTO | CITIGOLD CORP LT | 0.01 | -14.29 | 12.96M |
BNR | BULLETIN RESOURC | 0.02 | -14.81 | 4.12M |
OAU | ORA GOLD LTD | 0.01 | -15.38 | 7.11M |
SIH | SIHAYO GOLD LTD | 0.02 | -15.79 | 37.09M |
KRM | KINGSROSE MINING | 0.05 | -15.79 | 33.58M |
DTM | DART MINING NL | 0 | -16.67 | 5.09M |
DHR | DARK HORSE RESOU | 0 | -20 | 8.10M |
CAY | CANYON RESOURCES | 0.16 | -20.51 | 68.71M |
AUC | AUSGOLD LTD | 0.02 | -20.83 | 14.26M |
GME | GME RESOURCES LT | 0.06 | -20.87 | 28.35M |
BSR | BASSARI RESOURCE | 0.01 | -22.22 | 32.02M |
VKA | VIKING MINES LTD | 0.01 | -22.22 | 4.39M |
RTG | RTG MINING-CDI | 0.09 | -23.33 | 44.06M |
GBZ | GBM RESOURCES | 0 | -25 | 3.27M |
GED | GOLDEN DEEPS LTD | 0.03 | -27.03 | 5.76M |
MLL | MALI LITHIUM LTD | 0.12 | -28.12 | 30.42M |
BDG | BLACK DRAGON GOL | 0.08 | -28.57 | 8.31M |
DGR | DGR GLOBAL LTD | 0.09 | -28.8 | 54.57M |
MKG | MAKO GOLD LTD | 0.08 | -28.94 | 7.17M |
AAR | ANGLO AUST RES | 0.06 | -30.34 | 22.18M |
DAU | DAMPIER GOLD LTD | 0.02 | -31.43 | 4.57M |
AME | ALTO METALS LTD | 0.03 | -32.44 | 9.19M |
NTL | NEW TALISMAN GOL | 0.01 | -33.33 | 19.33M |
MLS | METALS AUSTRALIA | 0 | -33.33 | 5.85M |
MOY | MILLENNIUM MINER | 0.12 | -35.4 | 102.49M |
PUA | PURE ALUMINA LTD | 0.03 | -35.71 | 5.99M |
GMN | GOLD MOUNTAIN LT | 0.05 | -35.9 | 27.49M |
ONX | ORMINEX LTD | 0.13 | -36.59 | 70.08M |
TAR | TARUGA MINERALS | 0.03 | -37.5 | 3.53M |
TNR | TORIAN RESOURCES | 0.01 | -38.89 | 2.98M |
AZM | AZUMAH RES LTD | 0.01 | -42.31 | 14.68M |
DEG | DE GREY MINING | 0.06 | -44.57 | 53.35M |
OKU | OKLO RESOURCES L | 0.14 | -46 | 47.91M |
SMI | SANTANA MINERALS | 0 | -50 | 2.03M |
SHK | STONE RESOURCES | 0 | -50 | 811.65k |
DCN | DACIAN GOLD LTD | 1.18 | -52.7 | 280.25M |
MOH | MOHO RESOURCES N | 0.06 | -54.29 | 2.72M |
BLK | BLACKHAM RESOURC | 0.01 | -64.77 | 57.78M |
GBR | GREAT BOULDER RE | 0.05 | -65.52 | 4.08M |
CGM | COUGAR METALS NL | 0 | -66.67 | 1.18M |
NES | NELSON RESOURCES | 0.04 | -66.67 | 1.82M |
RGL | RIVERSGOLD LTD | 0.02 | -72.22 | 2.02M |
ARE | ARGONAUT RESOURC | 0.01 | -72.73 | 9.33M |