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