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Gold Digger: Gold is doing its job as a safe haven investment

US gold price bounces back from recent lows Gold is acting like a safe haven again as recession fears intensify: … Read More
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This article was originally published by Stockhead
  • US gold price bounces back from recent lows
  • Gold is acting like a safe haven again as recession fears intensify: OANDA
  • This week’s ASX standouts: Besra Gold, Havilah Resources

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

 

A recession is looming, they say, and in times of crisis one asset class stands tallest: Gold.

Investors often use gold in their portfolios to help preserve wealth during market corrections, geopolitical drama, or persistent dollar weakness.

All these things are happening right now.

“Gold is acting like a safe haven again as recession fears are triggering massive demand for Treasuries, which is sending both yields and the dollar lower,” OANDA senior analyst Edward Moya says.

Treasury securities are a conservative low risk, low return investment backed by the U.S. government.

Like gold, they are used to hedge against market turbulence.

“The US labour market is showing signs of weakness and that could lead fears that consumer spending will deteriorate much faster than most are expecting,” ​

“The dollar is getting sold against everything and that is great news for gold. ​

“Right now, investors are looking for safety and Treasuries and gold should both outperform in the short-term.”

USD gold price over the past month.

Winners & Losers

Here’s how ASX-listed gold & silver 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 % PRICE MARKET CAP
BEZ Besragoldinc 75% 13% -50% 0% 0.07 $8,592,498.00
HAV Havilah Resources 68% 50% 46% 8% 0.285 $85,196,858.18
ALY Alchemy Resource Ltd 53% 26% 123% 56% 0.029 $26,686,073.60
ANL Amani Gold Ltd 50% -25% -25% 50% 0.0015 $34,940,161.69
GED Golden Deeps 50% -15% 63% 95% 0.0195 $18,482,549.54
TAR Taruga Minerals 50% 9% -45% -72% 0.024 $12,717,061.28
SRN Surefire Rescs NL 48% 54% 208% 54% 0.037 $43,219,511.90
MEK Meeka Gold Limited 41% 6% -5% -20% 0.055 $45,098,877.99
GSR Greenstone Resources 37% 35% 78% 129% 0.048 $43,989,777.07
PUA Peak Minerals Ltd 36% -6% 5% -11% 0.015 $14,579,190.51
MLS Metals Australia 36% -33% 83% 175% 0.11 $47,850,269.06
OZM Ozaurum Resources 34% 86% 26% 22% 0.195 $12,301,440.00
TG1 Techgen Metals Ltd 33% 14% -22% -33% 0.16 $6,095,903.24
RDT Red Dirt Metals Ltd 32% -7% -15% 245% 0.535 $152,263,964.51
RDS Redstone Resources 29% -18% -40% -36% 0.009 $6,631,491.56
BNR Bulletin Res Ltd 28% -24% 108% 170% 0.185 $52,216,240.86
RGL Riversgold 28% -36% 181% 34% 0.051 $27,429,412.51
CHN Chalice Mining Ltd 27% -11% -31% -9% 6.66 $2,030,734,271.28
VRC Volt Resources Ltd 26% -15% -19% -45% 0.022 $67,338,889.32
CXU Cauldron Energy Ltd 25% -6% -48% -56% 0.015 $8,031,169.16
PNT Panthermetalsltd 24% -12% 0% 0% 0.23 $6,300,000.00
POL Polymetals Resources 24% 30% -10% 0% 0.13 $5,207,353.58
S2R S2 Resources 23% 9% -3% 12% 0.185 $58,801,851.08
PGD Peregrine Gold 23% 2% 24% 38% 0.49 $17,611,867.74
DTM Dart Mining NL 22% -6% -25% -51% 0.073 $9,834,783.47
ASO Aston Minerals Ltd 21% -9% 21% -3% 0.145 $158,711,985.61
AZS Azure Minerals 21% -22% -22% 4% 0.29 $88,559,680.49
WWI West Wits Mining Ltd 21% -19% -10% -63% 0.029 $49,632,276.45
CDT Castle Minerals 21% -29% 52% 215% 0.041 $39,979,719.36
TSO Tesoro Gold Ltd 20% -11% -10% -61% 0.073 $46,790,504.32
MEU Marmota Limited 19% 35% 41% 38% 0.062 $56,844,716.33
EM2 Eagle Mountain 19% -23% -41% -70% 0.345 $88,855,706.86
KWR Kingwest Resources 19% -11% -20% 78% 0.16 $37,660,818.88
HRZ Horizon 18% 4% -7% 8% 0.13 $76,676,652.00
KCN Kingsgate Consolid. 17% -15% 6% 65% 1.55 $331,980,679.50
MTH Mithril Resources 17% -30% -63% -56% 0.007 $20,441,631.29
TRM Truscott Mining Corp 16% 14% 73% 119% 0.057 $8,508,726.46
FFX Firefinch Ltd 16% -18% 34% 116% 0.9525 $1,051,306,466.69
MEG Megado 16% -17% 58% -6% 0.145 $5,596,343.74
MTC Metalstech Ltd 16% 25% 32% 242% 0.37 $59,165,929.45
ZAG Zuleika Gold Ltd 14% 3% 60% -16% 0.032 $16,689,620.00
ARL Ardea Resources Ltd 14% -39% 135% 153% 1.15 $196,047,126.66
ALK Alkane Resources Ltd 13% -19% 13% 22% 1.03 $601,539,254.20
CPM Coopermetalslimited 13% 14% 102% 0% 0.435 $11,618,600.00
MRR Minrex Resources Ltd 12% -26% 162% 139% 0.055 $55,479,353.00
G88 Golden Mile Res Ltd 12% -14% 15% -11% 0.055 $10,594,095.93
AWJ Auric Mining 12% 9% -33% -39% 0.094 $4,261,271.13
RRL Regis Resources 12% -17% -5% -20% 2.02 $1,441,622,729.18
GBZ GBM Rsources Ltd 11% -23% -17% -17% 0.1 $48,685,013.64
GBR Greatbould Resources 11% -20% -29% 8% 0.1 $41,765,345.13
TMX Terrain Minerals 11% 11% 25% -17% 0.01 $7,607,610.09
SBM St Barbara Limited 11% -18% -21% -29% 1.2325 $970,724,373.92
NAG Nagambie Resources 11% 2% -35% -32% 0.051 $26,170,454.06
TMZ Thomson Res Ltd 11% -31% -56% -78% 0.031 $19,461,769.01
E2M E2 Metals 11% -21% -26% -44% 0.1825 $35,843,818.14
CLA Celsius Resource Ltd 11% -16% -28% -54% 0.021 $23,207,849.59
X64 Ten Sixty Four Ltd 10% -16% -10% -5% 0.76 $174,386,570.27
BCN Beacon Minerals 10% -6% 3% -8% 0.033 $114,700,158.12
XTC Xantippe Res Ltd 10% -27% 120% 450% 0.011 $76,830,568.99
IPT Impact Minerals 10% -24% -24% -29% 0.011 $24,095,077.45
PUR Pursuit Minerals 10% -27% -37% -65% 0.022 $17,019,885.49
RDN Raiden Resources Ltd 10% -21% -58% -54% 0.011 $15,550,193.54
GNM Great Northern 10% -15% -31% -63% 0.0055 $8,545,254.88
AQX Alice Queen Ltd 10% -21% -45% -63% 0.0055 $8,497,573.38
M24 Mamba Exploration 10% -19% -49% -46% 0.11 $4,639,250.33
DEG De Grey Mining 10% -20% -14% -24% 1.11 $1,458,153,048.38
EMR Emerald Res NL 10% -9% 8% 27% 1.18 $690,485,981.99
CDR Codrus Minerals Ltd 10% -9% -44% 0% 0.09 $3,600,000.00
GSM Golden State Mining 9% -18% -30% -42% 0.07 $6,540,323.08
SMI Santana Minerals Ltd 9% 57% 180% 588% 0.895 $123,352,677.84
RSG Resolute Mining 9% -19% -27% -47% 0.31 $336,699,113.60
BGD Bartongoldholdings 9% -14% 5% 0% 0.22 $18,026,399.16
AWV Anova Metals Ltd 8% -13% -35% -35% 0.013 $19,475,224.60
MEI Meteoric Resources 8% -19% -28% -77% 0.013 $18,315,568.45
THR Thor Mining PLC 8% -19% -13% -32% 0.013 $14,811,179.82
WGX Westgold Resources. 8% -26% -35% -33% 1.415 $634,484,862.44
SFR Sandfire Resources 8% -7% -14% -24% 5.32 $2,123,706,205.74
DCN Dacian Gold Ltd 8% -32% -13% -39% 0.205 $217,015,412.60
AAJ Aruma Resources Ltd 8% -56% 1% 14% 0.082 $12,556,920.24
ERM Emmerson Resources 8% -22% 21% 35% 0.097 $51,565,691.25
PNR Pantoro Limited 8% -11% -13% 19% 0.28 $433,130,977.68
RML Resolution Minerals 8% -18% -26% -42% 0.014 $9,315,132.39
KSN Kingston Resources 7% -24% -28% -37% 0.145 $55,723,874.27
RMS Ramelius Resources 7% -15% -27% -28% 1.33 $1,110,252,939.52
STK Strickland Metals 7% 10% -1% 196% 0.074 $92,220,444.00
STN Saturn Metals 7% -14% -34% -10% 0.37 $48,062,695.49
CBY Canterbury Resources 7% -3% -40% -36% 0.06 $7,391,911.80
CY5 Cygnus Gold Limited 7% -3% -16% 19% 0.155 $17,107,870.68
BRB Breaker Res NL 7% -22% -42% 27% 0.235 $78,201,822.96
KAL Kalgoorliegoldmining 7% -29% -31% 0% 0.1175 $8,329,979.00
EVN Evolution Mining Ltd 7% -21% -17% -29% 3.68 $6,415,526,890.50
MRZ Mont Royal Resources 7% -16% -14% -6% 0.32 $22,121,863.83
GTR Gti Resources 7% -30% -45% -28% 0.016 $21,915,813.94
RMX Red Mount Min Ltd 7% -11% -38% -11% 0.008 $13,138,910.86
SLZ Sultan Resources Ltd 7% 0% 3% -40% 0.16 $12,076,236.41
AXE Archer Materials 7% -22% -53% 2% 0.725 $180,943,061.11
MI6 Minerals260Limited 7% -21% -40% 0% 0.405 $92,400,000.00
PRU Perseus Mining Ltd 6% -11% 1% 40% 1.805 $2,159,619,782.25
LM8 Lunnonmetalslimited 6% -28% 148% 0% 0.905 $98,339,133.67
BGL Bellevue Gold Ltd 6% -14% -6% 0% 0.8675 $845,774,097.32
GCY Gascoyne Res Ltd 6% -18% -32% -59% 0.255 $110,740,253.00
GMR Golden Rim Resources 6% -16% -31% -54% 0.069 $22,287,851.12
CMM Capricorn Metals 6% -22% 27% 91% 3.63 $1,326,542,145.81
ASR Asra Minerals Ltd 6% 30% 52% -26% 0.035 $49,579,105.34
TCG Turaco Gold Limited 6% -14% -36% 29% 0.09 $37,211,350.20
ZNC Zenith Minerals Ltd 6% -19% 49% 33% 0.365 $125,525,016.58
AUC Ausgold Limited 6% -37% 4% 17% 0.055 $113,650,574.30
RVR Red River Resources 6% -23% -14% -14% 0.185 $90,731,285.40
AL8 Alderan Resource Ltd 6% -27% -50% -68% 0.019 $8,085,755.52
WAF West African Res Ltd 5% -11% -11% 21% 1.25 $1,245,656,286.46
DRE Dreadnought Resources Ltd 5% -9% -17% 50% 0.039 $110,708,658.49
CAZ Cazaly Resources 5% -3% -17% -24% 0.039 $13,720,406.34
KNB Koonenberrygold 5% -1% -29% 0% 0.099 $7,401,149.71
NST Northern Star 5% -22% -14% -19% 8.95 $10,148,249,393.62
MZZ Matador Mining Ltd 5% -20% -46% -49% 0.205 $43,503,901.00
NML Navarre Minerals Ltd 5% -6% 5% -34% 0.083 $111,903,116.46
DTR Dateline Resources 5% -16% 21% 5% 0.105 $46,521,342.00
WCN White Cliff Min Ltd 5% -32% 75% 31% 0.021 $14,379,273.96
G50 Gold50Limited 5% -16% -22% 0% 0.21 $11,763,780.21
GMD Genesis Minerals 5% -23% -10% 100% 1.375 $337,963,541.32
SLR Silver Lake Resource 5% -30% -18% -19% 1.5375 $1,390,602,581.75
TIE Tietto Minerals 5% -21% -4% 42% 0.425 $340,398,130.22
AAU Antilles Gold Ltd 5% -3% -12% 0% 0.066 $21,911,107.58
CEL Challenger Exp Ltd 5% -18% -16% -4% 0.2775 $271,098,667.26
ARN Aldoro Resources 5% -27% -52% -31% 0.225 $22,323,057.53
OKR Okapi Resources 4% -43% -50% 26% 0.24 $29,870,489.12
SSR SSR Mining Inc. 4% -12% 8% 25% 29.21 $532,897,942.50
SNG Siren Gold 4% -9% -5% 67% 0.375 $31,664,971.13
KRM Kingsrose Mining Ltd 4% -23% -14% 11% 0.0635 $46,656,644.18
LYN Lycaonresources 4% -7% -28% 0% 0.39 $11,509,875.00
TAM Tanami Gold NL 4% -11% -26% -31% 0.054 $66,980,531.62
KAI Kairos Minerals Ltd 4% -10% -7% -18% 0.027 $52,976,524.26
AME Alto Metals Limited 4% 0% -21% -6% 0.087 $44,355,151.01
TLM Talisman Mining 4% -17% -19% -43% 0.145 $28,160,924.55
GOR Gold Road Res Ltd 4% -23% -21% -4% 1.325 $1,139,987,856.93
LEX Lefroy Exploration 3% -18% -17% -69% 0.3 $43,762,400.40
NCM Newcrest Mining 3% -12% 3% -9% 25.47 $22,265,562,547.71
KZR Kalamazoo Resources 3% -25% -9% -26% 0.35 $49,366,087.16
HCH Hot Chili Ltd 3% -26% -43% -36% 1.24 $134,188,970.79
DGO DGO Gold Limited 3% -22% 0% -16% 2.9 $229,027,144.71
GUL Gullewa Limited 3% -9% -8% -15% 0.074 $14,087,609.40
RED Red 5 Limited 3% -17% 32% 88% 0.375 $848,289,834.72
RND Rand Mining Ltd 3% -1% 2% 8% 1.55 $85,313,941.50
KTA Krakatoa Resources 3% -33% 36% 19% 0.08 $27,232,083.44
MKR Manuka Resources. 2% -26% -39% -45% 0.23 $27,176,278.36
IVR Investigator Res Ltd 2% -29% -35% -44% 0.051 $66,615,682.85
CYL Catalyst Metals 2% -14% -25% -14% 1.65 $162,452,561.70
IDA Indiana Resources 2% -15% -13% -33% 0.056 $24,618,205.98
NXM Nexus Minerals Ltd 2% -10% -44% 233% 0.31 $91,247,792.27
NVA Nova Minerals Ltd 2% -23% -58% -52% 0.645 $109,923,393.85
LCL Los Cerros Limited 2% -41% -57% -63% 0.065 $42,206,050.58
RXL Rox Resources 2% -21% -12% -32% 0.335 $55,750,512.51
AMI Aurelia Metals Ltd 1% -32% -14% -16% 0.345 $426,784,477.67
HRN Horizon Gold Ltd 1% -17% -15% -20% 0.345 $36,808,745.52
SKY SKY Metals Ltd 1% -16% -6% -48% 0.08 $29,389,110.66
MVL Marvel Gold Limited 1% -10% -49% -18% 0.0405 $28,172,774.80
AAR Astral Resources NL 1% -16% -5% -10% 0.084 $50,079,056.08
BC8 Black Cat Syndicate 1% -23% -31% -41% 0.43 $78,730,407.48
CHZ Chesser Resources 1% -18% -30% -25% 0.098 $53,831,326.12
TBR Tribune Res Ltd 1% -14% -16% -16% 4.19 $219,841,242.63
ADT Adriatic Metals 1% -15% -20% -14% 2.22 $462,128,952.90
MAU Magnetic Resources 1% 0% -11% 2% 1.43 $314,079,946.60
ADN Andromeda Metals Ltd 0% -12% -41% -57% 0.097 $301,110,804.60
OGC OceanaGold Corp. 0% -15% 5% 13% 3.08 $206,711,185.38
LCY Legacy Iron Ore 0% -26% -4% 53% 0.023 $153,763,828.78
WMC Wiluna Mining Corp 0% -39% -51% -45% 0.565 $119,392,943.93
AUT Auteco Minerals 0% -34% -30% -44% 0.053 $105,432,410.57
HMX Hammer Metals Ltd 0% -35% 33% -35% 0.068 $57,049,623.61
FML Focus Minerals Ltd 0% -24% -38% -37% 0.19 $54,446,142.55
OBM Ora Banda Mining Ltd 0% -34% -54% -84% 0.033 $45,341,581.00
ENR Encounter Resources 0% -13% -3% 15% 0.14 $42,824,271.51
OKU Oklo Resources Ltd 0% -14% -48% -45% 0.08 $40,359,718.32
ADV Ardiden Ltd 0% -14% 0% 9% 0.012 $32,020,024.27
TRY Troy Resources Ltd 0% 0% 0% -21% 0.037 $31,631,563.33
AQI Alicanto Min Ltd 0% -20% -45% -36% 0.08 $30,697,089.36
PF1 Pathfinder Resources 0% 0% 75% 52% 0.5 $26,560,505.00
MXR Maximus Resources 0% -16% 1% -11% 0.07 $22,253,403.76
PNX PNX Metals Limited 0% -9% -26% -43% 0.005 $22,220,289.04
WRM White Rock Min Ltd 0% -41% -59% -77% 0.12 $21,708,643.00
MAT Matsa Resources 0% -23% -5% -33% 0.056 $21,178,322.58
CGN Crater Gold Min Ltd 0% 0% 0% -6% 0.017 $21,063,473.65
PNM Pacific Nickel Mines 0% -33% -30% 42% 0.074 $20,345,689.20
BAT Battery Minerals Ltd 0% 0% -40% -55% 0.009 $18,779,716.57
DCX Discovex Res Ltd 0% -13% 27% 17% 0.007 $17,980,648.53
MDI Middle Island Res 0% 8% 46% 44% 0.14 $17,138,551.08
MHC Manhattan Corp Ltd 0% -20% 20% -14% 0.012 $16,789,065.62
A1G African Gold Ltd. 0% -20% -35% -35% 0.14 $16,717,445.92
NAE New Age Exploration 0% -24% 0% -39% 0.011 $15,794,888.01
MBK Metal Bank Ltd 0% -8% -33% -37% 0.006 $15,646,908.96
HMG Hamelingoldlimited 0% -7% -13% 0% 0.14 $15,400,000.00
HXG Hexagon Energy 0% -39% -69% -71% 0.028 $14,874,561.13
BTR Brightstar Resources 0% -26% -51% -23% 0.023 $14,230,939.12
DLC Delecta Limited 0% 0% -31% 83% 0.011 $13,253,995.76
BMO Bastion Minerals 0% 3% -38% -11% 0.17 $12,907,974.20
SIH Sihayo Gold Limited 0% -13% -56% -73% 0.0035 $12,899,114.95
DDD 3D Resources Limited 0% 0% -25% -40% 0.003 $12,545,616.28
PRX Prodigy Gold NL 0% -5% -38% -58% 0.021 $12,235,179.73
KGM Kalnorth Gold Ltd 0% 0% 0% 0% 0.013 $11,625,120.78
FAU First Au Ltd 0% -13% 8% -32% 0.013 $10,645,842.34
TSC Twenty Seven Co. Ltd 0% -13% -30% -30% 0.0035 $10,643,255.62
AVW Avira Resources Ltd 0% -17% -29% -29% 0.005 $10,593,950.00
DEX Duke Exploration 0% -29% -50% -72% 0.11 $9,923,226.72
NPM Newpeak Metals 0% 0% -33% -50% 0.001 $8,849,750.03
NWM Norwest Minerals 0% -19% -42% -52% 0.046 $8,127,332.42
AM7 Arcadia Minerals 0% -20% 5% 0% 0.225 $7,698,350.00
NMR Native Mineral Res 0% -19% -35% -43% 0.17 $7,501,834.80
GMN Gold Mountain Ltd 0% -25% -68% -84% 0.006 $6,562,320.44
AGG AngloGold Ashanti -1% -23% -10% -19% 5.08 $442,470,514.40
CAI Calidus Resources -1% -20% 32% 101% 0.865 $331,895,031.60
SVL Silver Mines Limited -1% -28% -20% -36% 0.1875 $238,988,946.46
A8G Australasian Metals -1% -29% -40% 118% 0.36 $14,409,672.90
AGS Alliance Resources -1% -3% 9% 9% 0.175 $40,953,448.03
BRV Big River Gold Ltd -1% 22% 27% -12% 0.33 $72,720,619.95
PGO Pacgold -2% -18% 3% 0% 0.62 $33,526,707.15
MGV Musgrave Minerals -2% -26% -26% -33% 0.28 $136,979,102.00
QML Qmines Limited -2% -14% -32% -46% 0.25 $16,297,811.36
MM8 Medallion Metals. -2% -14% 9% -8% 0.24 $25,449,517.44
BNZ Benzmining -2% -14% -13% -18% 0.605 $30,342,097.31
PDI Predictive Disc Ltd -2% -9% -23% 127% 0.2 $268,054,473.18
SVY Stavely Minerals Ltd -3% -11% -30% -41% 0.36 $91,336,508.20
CST Castile Resources -3% 9% -20% -39% 0.18 $35,947,821.78
KAU Kaiser Reef -3% -14% -20% -44% 0.18 $22,657,374.95
TBA Tombola Gold Ltd -3% 16% 71% 21% 0.058 $55,404,481.09
FG1 Flynngold -3% -12% -26% 0% 0.145 $9,288,852.25
AGC AGC Ltd -3% -8% -13% -42% 0.087 $5,824,546.42
ANX Anax Metals Ltd -3% -32% -12% -15% 0.085 $34,036,393.60
LRL Labyrinth Resources -3% -35% -39% -45% 0.028 $22,707,535.63
MKG Mako Gold -4% -11% -30% -21% 0.077 $29,432,603.35
GWR GWR Group Ltd -4% -22% 19% -56% 0.125 $40,152,081.88
TTM Titan Minerals -4% -30% -33% -41% 0.074 $102,909,598.91
ICL Iceni Gold -4% 0% -41% -33% 0.12 $16,665,535.64
GRL Godolphin Resources -4% -19% -14% -35% 0.12 $10,094,465.52
M2R Miramar -4% -33% -40% -29% 0.12 $7,347,642.68
HAW Hawthorn Resources -4% -26% 19% 140% 0.115 $38,354,295.50
SAU Southern Gold -4% -17% -35% -49% 0.043 $9,173,136.51
SMS Starmineralslimited -5% 5% 20% 0% 0.21 $5,512,500.00
SFM Santa Fe Minerals -5% -17% -9% 3% 0.1 $7,281,878.90
PKO Peako Limited -5% 11% -20% -56% 0.02 $6,169,082.02
NES Nelson Resources. -6% -32% -50% -76% 0.017 $5,297,348.95
ICG Inca Minerals Ltd -6% -28% -35% -38% 0.081 $40,451,033.87
EMU EMU NL -6% -33% -36% -62% 0.016 $8,247,217.26
PRS Prospech Limited -6% -2% -36% -64% 0.048 $3,128,688.24
BYH Bryah Resources Ltd -6% -22% -20% -36% 0.045 $10,179,322.88
OAU Ora Gold Limited -8% -25% -25% -47% 0.012 $11,789,346.83
VMC Venus Metals Cor Ltd -8% -8% -10% 3% 0.175 $25,683,376.11
ARV Artemis Resources -8% -51% -64% -68% 0.034 $47,203,253.46
BMR Ballymore Resources -8% 10% 5% 0% 0.22 $15,430,397.01
PAK Pacific American Hld -8% -35% -39% -46% 0.011 $5,734,528.82
GSN Great Southern -9% -28% -41% -21% 0.041 $21,294,683.44
BBX BBX Minerals Ltd -9% -31% -38% -65% 0.09 $41,401,932.75
YRL Yandal Resources -9% -23% -53% -69% 0.2 $23,218,310.60
GML Gateway Mining -9% -17% -38% -60% 0.01 $22,601,063.67
MCT Metalicity Limited -9% -6% -53% -53% 0.005 $15,633,585.83
GIB Gibb River Diamonds -10% -18% -39% -26% 0.055 $11,633,019.48
SBR Sabre Resources -10% -36% -25% -10% 0.0045 $13,945,824.27
VKA Viking Mines Ltd -10% -25% -57% -71% 0.009 $9,227,325.88
VAN Vango Mining Ltd -10% -12% -27% -32% 0.044 $55,437,255.81
XAM Xanadu Mines Ltd -11% -32% -11% -56% 0.025 $33,894,245.16
SPQ Superior Resources -11% -15% 65% 200% 0.033 $56,140,273.79
FEG Far East Gold -12% 8% 0% 0% 0.345 $45,763,953.75
CWX Carawine Resources -13% -33% -36% -48% 0.14 $19,296,808.58
AYM Australia United Min -13% -13% -30% -22% 0.007 $12,898,042.40
CTO Citigold Corp Ltd -14% -25% -40% -45% 0.006 $17,001,954.55
REZ Resourc & En Grp Ltd -17% -17% -32% 8% 0.039 $20,991,843.14
MOH Moho Resources -18% -37% -45% -58% 0.033 $4,294,246.90
NSM Northstaw -18% -28% -38% -36% 0.205 $9,229,210.00
LNY Laneway Res Ltd -20% -20% -30% 4% 0.004 $31,510,082.05
SI6 SI6 Metals Limited -20% -20% -27% -33% 0.008 $12,853,295.87
KCC Kincora Copper -21% -35% -50% -81% 0.072 $5,419,435.81

 

Gold miners bounce back

It was a strong week across the board for our biggest miners and explorers. On Thursday -– when the market was a sea of red -– ASX gold stocks stood tall.

Perseus Mining (ASX:PRU) picked a good week to announce that the plan of arrangement to pick up Canada’s Orca Gold had been approved by the target’s shareholders.

The C$215 million deal includes Orca’s 2.9Moz ‘Block 14’ gold mine in Sudan, which will help boost PRU’s production profile to 500,000ozpa once the project is developed.

Other standout large and mid-caps for the week included De Grey Mining (ASX:DEG) +10%, Regis Resources (ASX:RRL) +12%, Firefinch (ASX:FFX) +16% and St Barbara (ASX:SBM) +11%.

PRU, DEG, RRL, FFX, SBM share price charts


 

Weekly Small Cap Standouts

BESRA GOLD (ASX:BEZ)

BEZ’s substantial 3.3Moz ‘Bau’ gold project in Malaysia also includes an additional 4.9Moz – 9.3Moz exploration target. Converting a decent portion of that target into resources could turn Bau into a certified monster.

18 holes have now been successfully completed at the ‘Jugan’ prospect with assays for seven holes reported to date and a further 11 holes pending release.

These are anticipated “to be received progressively from the end of this week”, BEZ says.

Drilling has now moved to the 644,000oz ‘Bekajang’ prospect to grow that resource.

HAVILAH RESOURCES (ASX:HAV)

Mid-tier miner Oz Minerals (ASX:OZL) plans to pay HAV up to $405m for the flagship 1.1Mt copper, 3.1Moz gold, and 23,200t cobalt ‘Kalkaroo’ project in South Australia.

Kalkaroo is at pre-feasibility study stage and is potentially one of Australia’s largest undeveloped open pit copper-gold deposits, right next to OZL’s existing operations.

Meanwhile, the companies will form an exploration alliance to hunt for more giant deposits across HAV’s South Australian tenure, paid for by OZL.

BEZ, HAV share price charts



The post Gold Digger: Gold is doing its job as a safe haven investment appeared first on Stockhead.






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