Gold Digger: French bank SocGen bullish as precious yellow metal rises

SocGen gold

Gold ends the week on the up. (Pic via Getty Images)

Gold has ended the week in decent form, trending up about 0.11%
French bank Société Générale may be nervy about oil, but it’s still feeling good about gold
ASX goldie weekly winners include: ADG, AQI and PUA

Gold is precious, and so is your time. Let’s get into it then, and get on to the weekend.

Here’s the yellow metal’s news in brief, starting with some price action…

Gold – the latest

• The leading precious metal is in decent shape, changing hands for about US$2,368 per ounce at the time of writing (up roughly $60 since this time last week), and $3,554 in the Aussie version.

• And the sentiment for gold appears to have lifted once again following a weaker US retail sales jobs report released into the wild earlier in the week, along with – according to the US media outlet Kitco – “perceived bargain hunting and technical buying”, after a bit of a dip about a week or so ago.

• And then there’s ye olde geopolitical uncertainty, helping the flight to safety from the US dollar. Late this week, we’ve seen the risk of conflict escalation rise once again, with Israel threatening military action against Lebanon. Not to mention (but we will) Russian president Vladimir Putin disturbingly buddying up with North Korean leader Kim Jong Un.

• What else, then? Here are some other tidbits…

French bankers SocGen still yellow metal bullish

Midweek, the influential French bank Société Générale released its third-quarter Multi-Asset Portfolio Strategy into the wild. And it was okay news for gold holders.

On the surface it didn’t sound great – with a reduction in overall commodity exposure on its cards. But when it comes to the precious yellow one, SocGen revealed it’s maintaining a 5% holding in gold.

In particular, the banks analysts are bearish on oil in the current climate:

“We foresee a growing probability that OPEC, particularly Saudi Arabia, switches into the will to regain lost market share at multi decade low, like they did at the end of 1985 or 2014. We’re clearly bearish oil, which should prevent one to be too cautious on its investment profile,” the bank’s analysts noted.

SocGen further clarified that it won’t be likely to change its gold holdings ahead of the US elections in November.

“Decisions to freeze for an indefinite time USD assets of the Russia central bank will enforce multi-year buying of gold by central banks of the global south to protect their reserves. Ahead of the US election, we keep a heavy weight in gold,” noted the bank, also suggesting that it expects gold’s uptrend to stay intact for the foreseeable.

“Gold has been one of the top returning assets in the first part of the year, ranking between Japan and US equities,” the bank noted. “Overbuying, inflation stickiness, widening public deficits, geopolitics, and diversification by central banks/monetary authorities underpin our long-held bullish view on the metal.”

Central bankers still dig gold, too. Yep… shocker

The World Gold Council confirmed, per its 2024 Central Banks Gold Reserves Survey released earlier in the week, something you probably already knew. And that’s the fact central bankers the world over, love gold.

Read resident ressie expert Josh Chiat’s report on this from earlier in the week. Why? Because it’s well written and pertinent…

The TLDR version if you really are pushed for time, however is:

The World Gold Council says 4 in 5 central banks expect to accumulate more gold in the coming year
The WGC survey follows two record years for central bank gold buying

Wrote Josh…

Of the 70 central banks polled, nearly 30% are committing to lift their own gold reserves in the coming year.

57% say gold will account for a higher proportion of global reserves within five years, up from just 38% a year back.

“Extraordinary market pressure, unprecedented economic uncertainty and political upheavals around the world have kept gold front of mind for central banks. Many of these institutions have become more aware of the asset’s value as a way to manage risks and diversify their portfolios,” WGC global head of central banks and head of Asia-Pacific Shaokai Fan said.

“What has been remarkable is that despite record demand from the official sector in the last two years coupled with climbing gold prices, many reserve managers still maintain their enthusiasm for gold.

“While influences like price may temporarily slow down purchases in the near term, the broader trend remains in place, as managers recognise gold’s role as a strategic asset in the face of ongoing uncertainty.”

ASX Winners & Losers

Here’s how ASX-listed precious metals stocks are performing, circa 4pm June 21:

Scroll or swipe to reveal table. Click headings to sort. Best viewed on a laptop.

Stocks missing from this list? Please email rob.badman@stockhead.com.au

Code	Company	Price	% Week	% Month	% YTD	Market Cap
A1G	African Gold Ltd.	0.023	-12%	-21%	0%	$5,501,961
A8G	Australasian Metals	0.076	-14%	0%	-9%	$4,117,519
AAJ	Aruma Resources Ltd	0.015	-6%	-6%	-1%	$2,953,373
AAM	Aumegametals	0.05	-11%	-32%	0%	$27,327,832
AAR	Astral Resources NL	0.082	3%	-6%	1%	$72,945,408
AAU	Antilles Gold Ltd	0.0035	-42%	-65%	-2%	$3,986,140
ADG	Adelong Gold Limited	0.007	40%	75%	0%	$7,825,923
ADN	Andromeda Metals Ltd	0.017	0%	-11%	-1%	$52,874,606
ADT	Adriatic Metals	4	1%	-16%	-1%	$1,105,491,654
ADV	Ardiden Ltd	0.14	0%	-10%	-4%	$8,439,863
AGC	AGC Ltd	0.32	-17%	-3%	25%	$74,872,656
AL8	Alderan Resource Ltd	0.0035	-13%	-22%	0%	$4,427,445
ALK	Alkane Resources Ltd	0.535	4%	-16%	-12%	$322,867,411
ALY	Alchemy Resource Ltd	0.006	-25%	-14%	0%	$8,246,534
AM7	Arcadia Minerals	0.05	-6%	-17%	-2%	$5,852,505
AME	Alto Metals Limited	0.032	-3%	-18%	-1%	$22,367,218
AMI	Aurelia Metals Ltd	0.1875	14%	-11%	8%	$304,481,625
ANL	Amani Gold Ltd	0.001	0%	0%	0%	$25,743,441
ANX	Anax Metals Ltd	0.027	-25%	-49%	0%	$15,965,562
AQI	Alicanto Min Ltd	0.021	31%	-9%	-2%	$11,696,149
AQX	Alice Queen Ltd	0.007	0%	0%	0%	$4,836,930
ARD	Argent Minerals	0.017	6%	-26%	1%	$24,368,236
ARL	Ardea Resources Ltd	0.495	-12%	-22%	2%	$99,781,458
ARN	Aldoro Resources	0.08	25%	4%	-5%	$10,769,899
ARV	Artemis Resources	0.013	0%	-13%	-1%	$19,406,158
AS1	Asara Resources Ltd	0.01	0%	-9%	0%	$8,821,754
ASO	Aston Minerals Ltd	0.009	-18%	-40%	-2%	$12,950,643
ASR	Asra Minerals Ltd	0.004	0%	-33%	0%	$8,144,317
AUC	Ausgold Limited	0.037	3%	-5%	1%	$93,912,801
AUN	Aurumin	0.038	-3%	-12%	1%	$17,230,041
AVM	Advance Metals Ltd	0.024	0%	-7%	-1%	$2,254,440
AVW	Avira Resources Ltd	0.001	0%	0%	0%	$2,663,790
AWJ	Auric Mining	0.17	-8%	-15%	5%	$25,254,073
AYM	Australia United Min	0.003	50%	0%	0%	$5,527,732
AZS	Azure Minerals	0	-100%	-100%	-370%	$1,692,527,632
AZY	Antipa Minerals Ltd	0.011	-12%	-15%	-1%	$45,535,044
BC8	Black Cat Syndicate	0.295	11%	-16%	5%	$105,803,661
BCM	Brazilian Critical	0.017	-11%	-29%	-1%	$13,291,831
BCN	Beacon Minerals	0.025	0%	-11%	0%	$93,919,204
BEZ	Besragoldinc	0.099	5%	-1%	-5%	$41,391,990
BGD	Bartongoldholdings	0.295	0%	-12%	3%	$64,504,382
BGL	Bellevue Gold Ltd	1.8425	-3%	-9%	17%	$2,183,969,134
BM8	Battery Age Minerals	0.145	-17%	4%	-5%	$13,488,500
BMO	Bastion Minerals	0.007	-13%	-13%	-1%	$2,610,503
BMR	Ballymore Resources	0.16	-11%	-18%	4%	$28,276,894
BNR	Bulletin Res Ltd	0.046	2%	-8%	-9%	$14,680,666
BNZ	Benzmining	0.14	0%	4%	-11%	$14,704,524
BTR	Brightstar Resources	0.018	24%	13%	0%	$86,829,708
BYH	Bryah Resources Ltd	0.007	0%	-22%	-1%	$3,483,628
CAI	Calidus Resources	0.1075	-7%	-20%	-11%	$85,532,275
CAZ	Cazaly Resources	0.02	-9%	11%	-1%	$9,092,726
CBY	Canterbury Resources	0.046	-4%	-21%	2%	$7,900,081
CDR	Codrus Minerals Ltd	0.047	-6%	-10%	-1%	$7,938,600
CDT	Castle Minerals	0.005	-17%	0%	0%	$6,122,465
CEL	Challenger Gold Ltd	0.059	-2%	-21%	-2%	$76,517,500
CHN	Chalice Mining Ltd	1.35	-4%	-22%	-35%	$528,990,093
CLA	Celsius Resource Ltd	0.0115	5%	15%	0%	$26,707,040
CLZ	Classic Min Ltd	0.002	-33%	-67%	-5%	$1,102,057
CMM	Capricorn Metals	4.905	9%	1%	20%	$1,834,786,231
CPM	Coopermetalslimited	0.063	-20%	-48%	-28%	$5,328,184
CST	Castile Resources	0.074	-5%	-19%	-1%	$18,868,389
CTO	Citigold Corp Ltd	0.005	0%	-38%	0%	$15,000,000
CWX	Carawine Resources	0.1	0%	0%	-1%	$23,612,545
CXU	Cauldron Energy Ltd	0.024	-17%	-41%	0%	$33,116,327
CY5	Cygnus Metals Ltd	0.049	-11%	-42%	-9%	$14,961,316
CYL	Catalyst Metals	1.075	10%	9%	27%	$226,828,369
DEG	De Grey Mining	1.0725	4%	-11%	-16%	$2,552,458,352
DLI	Delta Lithium	0.23	-4%	-30%	-24%	$167,650,678
DRE	Dreadnought Resources Ltd	0.025	25%	39%	-1%	$84,313,751
DTM	Dart Mining NL	0.02	5%	-33%	0%	$5,943,956
DTR	Dateline Resources	0.009	-10%	-25%	0%	$13,117,923
EM2	Eagle Mountain	0.054	0%	-33%	-2%	$21,608,121
EMC	Everest Metals Corp	0.12	0%	-4%	4%	$20,535,389
EMR	Emerald Res NL	3.515	-3%	-8%	51%	$2,293,856,810
EMU	EMU NL	0.027	4%	-13%	0%	$2,092,310
ENR	Encounter Resources	0.325	-6%	-19%	4%	$162,028,099
ERM	Emmerson Resources	0.051	19%	-11%	-1%	$28,324,909
EVN	Evolution Mining Ltd	3.675	-1%	-9%	-29%	$7,109,442,374
FAL	Falconmetalsltd	0.27	0%	80%	13%	$48,675,000
FAU	First Au Ltd	0.0025	-17%	-38%	0%	$3,323,987
FEG	Far East Gold	0.105	-9%	-9%	-2%	$27,046,618
FFM	Firefly Metals Ltd	0.79	14%	-8%	16%	$367,741,591
FFX	Firefinch Ltd	0.2	0%	0%	0%	$236,569,315
FG1	Flynngold	0.024	-9%	-11%	-2%	$6,618,162
FML	Focus Minerals Ltd	0.15	0%	3%	-4%	$40,118,210
FXG	Felix Gold Limited	0.046	-8%	-31%	0%	$12,089,539
G50	G50Corp Ltd	0.14	17%	-15%	1%	$15,300,600
G88	Golden Mile Res Ltd	0.012	9%	0%	-1%	$4,523,451
GAL	Galileo Mining Ltd	0.205	-16%	-25%	-8%	$41,501,235
GBR	Greatbould Resources	0.06	-5%	-5%	-1%	$35,769,112
GBZ	GBM Rsources Ltd	0.01	0%	-17%	0%	$11,566,889
GED	Golden Deeps	0.04	-18%	-17%	-1%	$4,620,894
GIB	Gibb River Diamonds	0.042	-5%	68%	1%	$9,729,434
GMD	Genesis Minerals	1.88	6%	-2%	9%	$2,030,699,338
GML	Gateway Mining	0.026	-13%	30%	0%	$10,281,945
GMN	Gold Mountain Ltd	0.003	0%	-14%	0%	$9,371,068
GNM	Great Northern	0.012	-8%	-8%	-1%	$1,855,549
GOR	Gold Road Res Ltd	1.72	9%	3%	-25%	$1,809,185,420
GPR	Geopacific Resources	0.021	-5%	-5%	0%	$19,152,125
GRL	Godolphin Resources	0.019	-5%	-32%	-2%	$4,056,333
GSM	Golden State Mining	0.011	10%	0%	0%	$2,793,706
GSN	Great Southern	0.015	-17%	-21%	0%	$12,262,255
GSR	Greenstone Resources	0.011	0%	-8%	0%	$15,761,980
GTR	Gti Energy Ltd	0.005	0%	-23%	0%	$10,249,735
GUE	Global Uranium	0.087	-7%	-21%	-1%	$23,380,477
GUL	Gullewa Limited	0.071	1%	29%	2%	$14,538,890
GWR	GWR Group Ltd	0.087	-7%	-13%	-1%	$27,945,849
HAV	Havilah Resources	0.17	0%	-24%	-3%	$56,995,058
HAW	Hawthorn Resources	0.065	-7%	-10%	-3%	$23,451,093
HCH	Hot Chili Ltd	0.945	0%	-17%	-14%	$143,777,946
HMG	Hamelingoldlimited	0.079	-1%	5%	0%	$12,442,500
HMX	Hammer Metals Ltd	0.033	0%	-18%	-2%	$29,251,443
HRN	Horizon Gold Ltd	0.285	2%	-2%	-2%	$38,382,580
HRZ	Horizon	0.033	-20%	-42%	-1%	$35,793,891
HXG	Hexagon Energy	0.013	-24%	-32%	0%	$7,693,739
ICG	Inca Minerals Ltd	0.008	0%	14%	0%	$6,437,911
ICL	Iceni Gold	0.068	-8%	-6%	2%	$18,820,513
IDA	Indiana Resources	0.077	-3%	-1%	0%	$50,729,702
IGO	IGO Limited	5.515	-12%	-31%	-354%	$4,437,589,384
ILT	Iltani Resources Lim	0.275	-8%	-17%	12%	$9,522,941
ION	Iondrive Limited	0.009	-36%	-18%	0%	$6,048,566
IPT	Impact Minerals	0.016	0%	-30%	1%	$52,010,373
IVR	Investigator Res Ltd	0.052	2%	-19%	1%	$80,777,858
KAI	Kairos Minerals Ltd	0.01	11%	-17%	0%	$28,830,034
KAL	Kalgoorliegoldmining	0.029	-12%	-6%	0%	$4,913,522
KAU	Kaiser Reef	0.15	7%	0%	-2%	$26,511,804
KCC	Kincora Copper	0.06	-8%	62%	2%	$12,283,589
KCN	Kingsgate Consolid.	1.64	4%	-13%	27%	$429,156,567
KIN	KIN Min NL	0.057	-2%	-16%	-1%	$65,976,431
KNB	Koonenberrygold	0.017	6%	13%	-2%	$4,892,387
KRM	Kingsrose Mining Ltd	0.042	-7%	-11%	0%	$32,358,640
KSN	Kingston Resources	0.08	1%	-4%	0%	$57,268,618
KTA	Krakatoa Resources	0.011	-15%	-39%	-3%	$5,193,179
KZR	Kalamazoo Resources	0.086	-2%	-28%	-3%	$15,468,547
LCL	LCL Resources Ltd	0.008	-27%	-33%	-1%	$7,719,024
LCY	Legacy Iron Ore	0.014	8%	-7%	0%	$107,989,676
LEX	Lefroy Exploration	0.098	11%	1%	-8%	$19,043,556
LM8	Lunnonmetalslimited	0.205	0%	-36%	-40%	$42,479,457
LRL	Labyrinth Resources	0.004	0%	-33%	0%	$4,750,175
LYN	Lycaonresources	0.22	7%	-27%	2%	$11,921,585
M24	Mamba Exploration	0.017	-15%	-19%	-3%	$3,313,481
M2R	Miramar	0.008	-20%	-27%	-1%	$1,674,782
MAT	Matsa Resources	0.027	-4%	-7%	0%	$14,862,829
MAU	Magnetic Resources	1.005	-6%	-6%	-2%	$270,900,623
MBK	Metal Bank Ltd	0.023	0%	15%	0%	$10,151,942
MCT	Metalicity Limited	0.002	-20%	0%	0%	$8,971,705
MDI	Middle Island Res	0.013	-7%	-19%	0%	$2,832,102
MEG	Megado Minerals Ltd	0.009	-10%	-31%	-3%	$2,290,100
MEI	Meteoric Resources	0.165	0%	-13%	-10%	$338,320,374
MEK	Meeka Metals Limited	0.032	-3%	-14%	-1%	$38,275,977
MEU	Marmota Limited	0.046	10%	-2%	0%	$47,646,026
MHC	Manhattan Corp Ltd	0.0015	-25%	-40%	0%	$4,405,470
MI6	Minerals260Limited	0.135	-4%	-13%	-19%	$35,100,000
MKG	Mako Gold	0.01	0%	-23%	0%	$8,784,074
MKR	Manuka Resources.	0.04	0%	-26%	-4%	$28,112,212
MLS	Metals Australia	0.0205	-7%	-2%	-2%	$14,147,390
MM8	Medallion Metals.	0.056	6%	-2%	-1%	$16,614,944
MOH	Moho Resources	0.003	-25%	-40%	-1%	$1,887,124
MOM	Moab Minerals Ltd	0.004	0%	-33%	0%	$2,847,852
MRR	Minrex Resources Ltd	0.009	-10%	-18%	-1%	$10,306,241
MRZ	Mont Royal Resources	0.06	9%	9%	-9%	$5,101,788
MTC	Metalstech Ltd	0.22	-10%	-6%	0%	$45,061,728
MTH	Mithril Resources	0.145	-26%	-28%	-6%	$13,109,314
MVL	Marvel Gold Limited	0.008	0%	0%	0%	$6,910,326
MXR	Maximus Resources	0.029	4%	-9%	-1%	$12,409,903
NAE	New Age Exploration	0.0035	-13%	17%	0%	$7,175,596
NAG	Nagambie Resources	0.009	-18%	-25%	-2%	$8,762,992
NES	Nelson Resources.	0.003	0%	0%	0%	$1,840,783
NML	Navarre Minerals Ltd	0.019	0%	0%	0%	$28,555,654
NMR	Native Mineral Res	0.024	-25%	-17%	0%	$5,036,412
NPM	Newpeak Metals	0.019	-17%	1%	0%	$2,348,750
NSM	Northstaw	0.015	-46%	-57%	-4%	$2,098,137
NST	Northern Star	13.675	0%	-9%	3%	$15,472,098,291
NVA	Nova Minerals Ltd	0.195	-5%	-24%	-17%	$41,936,092
NWM	Norwest Minerals	0.025	-7%	-38%	0%	$9,314,868
NXM	Nexus Minerals Ltd	0.04	0%	-41%	-1%	$15,951,465
OAU	Ora Gold Limited	0.005	25%	25%	0%	$39,276,378
OBM	Ora Banda Mining Ltd	0.38	3%	15%	14%	$686,939,667
ORN	Orion Minerals Ltd	0.016	-6%	-20%	0%	$90,834,574
OZM	Ozaurum Resources	0.061	27%	3%	-9%	$8,413,750
PDI	Predictive Disc Ltd	0.1825	-4%	-4%	-3%	$433,436,867
PGD	Peregrine Gold	0.2	-9%	-31%	-4%	$15,272,645
PGO	Pacgold	0.105	-5%	-38%	-9%	$8,835,271
PKO	Peako Limited	0.005	25%	0%	0%	$2,108,339
PNM	Pacific Nickel Mines	0.03	-23%	-23%	-5%	$12,547,593
PNR	Pantoro Limited	0.0935	11%	3%	4%	$580,320,206
PNT	Panthermetalsltd	0.029	0%	-42%	-3%	$2,527,819
PNX	PNX Metals Limited	0.004	0%	-20%	0%	$23,880,859
POL	Polymetals Resources	0.26	-12%	-12%	-5%	$46,690,166
PRS	Prospech Limited	0.032	-6%	-29%	0%	$8,104,462
PRU	Perseus Mining Ltd	2.45	4%	-1%	60%	$3,283,361,004
PRX	Prodigy Gold NL	0.003	20%	0%	0%	$4,235,549
PUA	Peak Minerals Ltd	0.004	33%	-11%	0%	$4,165,506
PUR	Pursuit Minerals	0.003	-25%	-40%	-1%	$8,831,914
PXX	Polarx Limited	0.013	18%	-7%	1%	$24,605,790
QML	Qmines Limited	0.059	9%	-20%	-2%	$13,298,188
RDN	Raiden Resources Ltd	0.027	-21%	-48%	-1%	$78,690,412
RDS	Redstone Resources	0.005	43%	25%	0%	$4,626,892
RED	Red 5 Limited	0.4175	-5%	-12%	11%	$2,789,014,087
REZ	Resourc & En Grp Ltd	0.013	-7%	8%	0%	$7,485,669
RGL	Riversgold	0.006	0%	-14%	-1%	$7,257,461
RML	Resolution Minerals	0.002	0%	0%	0%	$4,025,055
RMS	Ramelius Resources	1.945	3%	-7%	26%	$2,154,436,554
RMX	Red Mount Min Ltd	0.001	0%	0%	0%	$3,423,577
RND	Rand Mining Ltd	1.44	4%	-8%	7%	$80,763,865
RRL	Regis Resources	1.8	3%	-16%	-38%	$1,367,163,242
RSG	Resolute Mining	0.5325	-3%	8%	9%	$1,096,460,757
RXL	Rox Resources	0.135	-7%	-23%	-5%	$55,971,745
S2R	S2 Resources	0.1	-5%	-20%	-7%	$44,832,941
SBM	St Barbara Limited	0.21	-9%	-26%	0%	$159,504,224
SBR	Sabre Resources	0.017	0%	-19%	-2%	$6,362,453
SFM	Santa Fe Minerals	0.037	-8%	-8%	-1%	$2,694,295
SFR	Sandfire Resources	8.85	2%	-12%	151%	$4,015,646,552
SI6	SI6 Metals Limited	0.0025	0%	-17%	0%	$7,106,578
SIH	Sihayo Gold Limited	0.0025	0%	25%	0%	$30,510,640
SKY	SKY Metals Ltd	0.032	-3%	-20%	0%	$18,276,148
SLR	Silver Lake Resource	1.565	0%	-3%	38%	$1,496,968,932
SLZ	Sultan Resources Ltd	0.009	-10%	-10%	-1%	$1,975,865
SMI	Santana Minerals Ltd	1.13	4%	-4%	12%	$230,587,843
SMS	Starmineralslimited	0.03	0%	3%	-1%	$2,541,684
SNG	Siren Gold	0.094	19%	11%	3%	$19,259,203
SPD	Southernpalladium	0.42	5%	-25%	5%	$35,451,250
SPQ	Superior Resources	0.007	-13%	-13%	-1%	$16,009,763
SPR	Spartan Resources	0.825	-2%	16%	31%	$905,757,967
SRN	Surefire Rescs NL	0.008	-6%	-11%	0%	$15,890,463
SSR	SSR Mining Inc.	6.97	-5%	-18%	-885%	$30,111,485
STK	Strickland Metals	0.115	10%	16%	2%	$205,819,457
STN	Saturn Metals	0.195	-5%	-30%	3%	$44,800,495
SVG	Savannah Goldfields	0.02	-13%	-35%	-3%	$5,621,698
SVL	Silver Mines Limited	0.1675	2%	-22%	1%	$256,366,164
SVY	Stavely Minerals Ltd	0.034	-8%	-31%	-1%	$16,018,396
SXG	Southern Cross Gold	2.19	-18%	-24%	93%	$453,950,194
TAM	Tanami Gold NL	0.032	-6%	-9%	0%	$36,428,008
TAR	Taruga Minerals	0.007	0%	-22%	0%	$4,942,187
TBA	Tombola Gold Ltd	0.026	0%	0%	0%	$33,129,243
TBR	Tribune Res Ltd	3.41	-1%	-12%	46%	$178,391,462
TCG	Turaco Gold Limited	0.19	3%	-16%	6%	$153,358,223
TG1	Techgen Metals Ltd	0.027	-13%	-40%	-5%	$3,459,579
TGM	Theta Gold Mines Ltd	0.145	-3%	-6%	3%	$99,615,577
THR	Thor Energy PLC	0.016	0%	0%	-1%	$3,208,934
TIE	Tietto Minerals	0	-100%	-100%	-61%	$773,881,054
TLM	Talisman Mining	0.26	2%	-32%	3%	$48,021,689
TMB	Tambourahmetals	0.065	-7%	-16%	-5%	$5,391,123
TMS	Tennant Minerals Ltd	0.021	-5%	-13%	-1%	$20,073,699
TMX	Terrain Minerals	0.003	0%	-14%	0%	$5,010,847
TMZ	Thomson Res Ltd	0.005	0%	0%	0%	$4,881,018
TNC	True North Copper	0.043	-22%	-36%	-5%	$40,272,549
TRE	Toubani Res Ltd	0.175	3%	21%	3%	$30,119,775
TRM	Truscott Mining Corp	0.06	-10%	-4%	1%	$10,575,391
TSO	Tesoro Gold Ltd	0.029	-28%	-34%	0%	$36,887,421
TTM	Titan Minerals	0.041	11%	64%	1%	$65,436,492
USL	Unico Silver Limited	0.155	11%	-16%	3%	$44,857,739
VKA	Viking Mines Ltd	0.008	0%	-20%	-1%	$8,202,067
VMC	Venus Metals Cor Ltd	0.076	-12%	-6%	-2%	$14,419,380
VRC	Volt Resources Ltd	0.005	0%	11%	0%	$18,714,052
WA8	Warriedarresourltd	0.054	-2%	-2%	0%	$35,312,195
WAF	West African Res Ltd	1.4975	7%	-2%	55%	$1,500,560,164
WCN	White Cliff Min Ltd	0.017	-6%	6%	1%	$24,365,811
WGX	Westgold Resources.	2.515	7%	11%	34%	$1,146,167,007
WMC	Wiluna Mining Corp	0	-100%	-100%	-21%	$74,238,031
WRM	White Rock Min Ltd	0	-100%	-100%	-6%	$17,508,200
WTM	Waratah Minerals Ltd	0.115	15%	5%	-1%	$20,626,917
WWI	West Wits Mining Ltd	0.012	0%	-14%	0%	$32,995,091
X64	Ten Sixty Four Ltd	0.57	0%	0%	0%	$130,184,182
XAM	Xanadu Mines Ltd	0.057	-2%	-26%	0%	$102,960,361
YRL	Yandal Resources	0.125	9%	0%	4%	$32,136,914
ZAG	Zuleika Gold Ltd	0.021	11%	5%	0%	$15,457,796
ZNC	Zenith Minerals Ltd	0.055	-18%	-21%	-10%	$21,495,234

Notable weekly gainers

Adelong Gold (ASX:ADG) +40%

Gold, base metals, rare earths and lithium junior Adelong moved up this week after entering into a non-binding Memorandum of Understanding (MOU) with Cosmo Gold Limited and Sarama Resources (ASX:SRR) to, per a June 17 ASX release, “accept fully paid ordinary shares and options in Sarama in full settlement of the loan obligations owed by Cosmo to Adelong Gold”.

The critical metals hunter also had some REE and niobium news out of Brazil this week…

More progress in Brazil Explorations for niobium and rare earth elements Discover the potential of Paraíba with Adelong #lithium #rareearths #REE #niobium #criticalminerals #batterymetals #MiningStocks $ADG $ADG.ax pic.twitter.com/4SzQ0d2uZZ

— Adelong Gold (ASX:ADG) (@Adelong_Gold) June 19, 2024

Alicanto Minerals (ASX:AQI) +27%

Alicanto’s share price rose today off the back of a management restructure that will see MD Rob Sennitt leave and former Bellevue Gold (ASX:BGL) chair Ray Shorrocks step in as executive chair.

While Susan Field will take on fellow Bellevue alumnus Michael Naylor’s CFO role, the company has pledged that Naylor and Firefly Metals (ASX:FFM) MD Steve Parsons, formerly the MD at ASX 200 listed Bellevue, will be helping to review potential acquisitions that could reinvigorate the explorer.

The success of Bellevue, which recently entered commercial production in WA, means the star power behind its former players still attracts eyeballs and investor interest at the junior end of the market.

Alicanto has thus far been focused on two projects of near Viking antiquity: the Falun copper-gold project and the Sala zinc-silver project. Both projects have a long history of high-grade production but have been the subject of very limited exploration in recent times.

The company notes that over their operating lives Falun produced in the order of 28mt at 4% copper, 4g/t gold, 5% zinc, 2% lead and 35g/t silver while Sala produced approximately 200Mozs of silver at an average grade of 1,244g/t.

The lift came despite a $1.6m raising for exploration and working capital purposes conducted at a hefty 31.58% discount to the explorer’s last closing price.

Peak Minerals (ASX:PUA) +33%

OzAurum Resources (ASX:OZM) +27%

Dreadnought Resources (ASX:DRE) +26%

Brightstar Resources (ASX:BTR) +24%

Explore more

Investor Guide: Gold & Copper FY2025 featuring Barry FitzGerald

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