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Gold Digger: CHART – Frail Aussie dollar has local gold miners sitting pretty

US gold price down more than 10% or $200 from its peak But Aussie gold miners faring better due to … Read More
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This article was originally published by Stockhead
  • US gold price down more than 10% or $200 from its peak
  • But Aussie gold miners faring better due to weak AUD-USD exchange rate
  • This week’s ASX standouts: Twenty Seven Co, OzAurum Resources

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

 

After nearly rising to a record high in early March, the US gold price has lost significant ground — down more than 10% or $200 from its peak.

“The sell-off accelerated in the last two weeks in the run-up to the Fed rate decision on 4th May and in its aftermath as gold’s traditional negative correlation with the US dollar re-emerged; bond yields, both nominal and real have also risen notably,” Metals Focus says.

Meanwhile, ASX-listed goldies are faring better than the average.

Why? If you’re an Australia-based producer you now have the added benefit of a super weak dollar, which is currently a lowly 68c versus the benchmark US dollar.

That means that while gold slipped in US dollar terms, it increased in real terms for local gold producers:

 

AUD (top) vs. USD (bottom) gold prices over the past six months.

This silver lining hasn’t prevented the S&P/ASX All Ordinaries Gold index from plummeting to its lowest point since mid-February.

The S&P/ASX All Ordinaries Gold (XGD) index over the past 12 months. Pic: Market Index

 

Gold holding steady, but outlook a crapshoot: Metals Focus

Despite the recent pull-back, gold prices seem to have found good support in the mid-US$1,800s, a level still comfortably higher than the beginning of the year.

“In essence, this reflects gold’s appeal as a hedge against inflation and geopolitical/economic uncertainties,” Metals Focus says.

“Sell-offs in the global stock and bond markets have also intensified in recent weeks, which have helped to limit the rotation out of gold among mainstream investors.

“As a reflection of this, flows into gold ETPs and physical investment (coins and bars), especially in western markets has been strong so far this year.

“Meanwhile, tactical shorts in the gold market have also remained subdued.”

But as official interest rates rise, Metals Focus forecasts the gold price to realise a weaker trend towards year-end.

That said, several factors justify holding gold for many mainstream investors.

“Among them is the growing risk that the slowdown in GDP growth may become more dramatic than expected, led by deepening supply-chain challenges, the Russia/Ukraine war and lockdowns in China,” it says.

“This may see current rate hike bets scaled back.

“Sentiment in stock and bond markets is also likely to remain fragile. Even following the recent sell-offs, equity valuations are still high by historical standards.

“All these factors should encourage institutional investors to retain their existing gold positions as a hedge against uncertainties. This in turn may prevent a heavy sell-off in the gold market.”

 

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
TAR Taruga Minerals 18% -13% -58% -79% 0.02 $9,248,771.84
TSC Twenty Seven Co. 17% -13% -30% -30% 0.0035 $9,312,848.67
OZM Ozaurum Resources 16% 91% 28% 54% 0.185 $8,296,320.00
AYM Australia United Min 14% 33% -20% -11% 0.008 $14,740,619.88
MCT Metalicity Limited 13% 4% -22% -43% 0.006 $14,330,787.01
BAT Battery Minerals 13% 0% -36% -55% 0.009 $21,127,181.14
AME Alto Metals Limited 7% 2% -20% -27% 0.088 $44,355,151.01
MDI Middle Island Res 7% 20% 63% 25% 0.15 $17,138,551.08
GSR Greenstone Resources 6% -8% 36% 42% 0.034 $32,075,879.12
EMU EMU NL 6% -23% -32% -65% 0.017 $9,346,846.23
NXM Nexus Minerals 4% -10% -39% 234% 0.3075 $88,351,036.96
OKU Oklo Resources 3% 1% -36% -29% 0.089 $40,359,718.32
KNB Koonenberrygold 3% 4% -32% 0% 0.099 $7,027,354.27
TNR Torian Resources 3% 26% 36% -41% 0.034 $44,219,202.06
CPM Coopermetalslimited 3% -4% 0% 0% 0.38 $10,537,800.00
VAN Vango Mining 2% 26% -22% -29% 0.049 $61,736,943.97
ADN Andromeda Metals 2% -10% -42% -53% 0.099 $301,110,804.60
WMC Wiluna Mining Corp 1% -37% -45% -43% 0.565 $119,392,943.93
RND Rand Mining 1% -1% 8% 6% 1.51 $85,882,701.11
NPM Newpeak Metals 0% 0% 0% -50% 0.001 $8,849,750.03
PNX PNX Metals Limited 0% -9% -26% -31% 0.005 $22,220,289.04
FAU First Au 0% -13% 8% -28% 0.013 $10,645,842.34
AAU Antilles Gold 0% 0% -19% 2% 0.064 $22,264,512.54
BMR Ballymore Resources 0% 20% 12% 0% 0.24 $17,634,739.44
REZ Resourc & En Grp 0% 2% -16% 31% 0.046 $23,490,872.08
LEX Lefroy Exploration 0% -6% -23% -62% 0.3 $42,303,653.72
MEI Meteoric Resources 0% -19% -28% -75% 0.013 $18,315,568.45
CTO Citigold Corp 0% -13% -36% -36% 0.007 $19,835,613.64
MHC Manhattan Corp 0% -14% 20% -8% 0.012 $18,315,344.32
TRY Troy Resources 0% 0% 0% -44% 0.037 $31,631,563.33
KGM Kalnorth Gold 0% 0% 0% 0% 0.013 $11,625,120.78
CGN Crater Gold Min 0% 0% 0% -11% 0.017 $21,063,473.65
LNY Laneway Res 0% -17% -5% 4% 0.005 $31,510,082.05
AGS Alliance Resources 0% -3% 9% 16% 0.175 $41,538,497.28
VKA Viking Mines 0% -9% -50% -67% 0.01 $10,252,584.31
BYH Bryah Resources 0% -15% -21% -39% 0.046 $10,857,944.40
RML Resolution Minerals 0% -12% -17% -40% 0.015 $8,649,765.79
PF1 Pathfinder Resources 0% 0% 75% 92% 0.5 $26,560,505.00
RDT Red Dirt Metals 0% -13% -43% 160% 0.455 $122,112,684.41
MBK Metal Bank 0% 0% -14% -37% 0.006 $15,646,908.96
OAU Ora Gold Limited 0% -13% 8% -41% 0.014 $12,771,792.40
TRM Truscott Mining Corp 0% 7% 69% 96% 0.049 $7,445,135.66
DLC Delecta Limited 0% 0% -42% 83% 0.011 $13,253,995.76
PNT Panthermetals 0% -8% 0% 0% 0.22 $5,180,000.00
BRV Big River Gold -1% 23% 27% -8% 0.3375 $73,822,447.53
GUL Gullewa Limited -1% 4% -13% -14% 0.074 $13,706,863.20
MM8 Medallion Metals. -2% -15% 17% -4% 0.245 $25,979,715.72
AWJ Auric Mining -2% -2% -27% -44% 0.084 $4,709,825.99
MAU Magnetic Resources -2% -2% -1% 0% 1.415 $318,566,802.98
VMC Venus Metals Cor -3% -3% 6% 12% 0.19 $28,704,949.77
SVY Stavely Minerals -3% -17% -26% -43% 0.365 $96,555,737.24
MTC Metalstech -3% 12% 3% 241% 0.33 $53,332,668.80
A1G African Gold . -3% -14% -30% -32% 0.15 $16,717,445.92
SLZ Sultan Resources -3% -10% -20% -52% 0.14 $12,492,658.35
HMG Hamelingoldlimited -3% -7% -18% 0% 0.14 $15,400,000.00
PNR Pantoro Limited -4% -11% 17% 26% 0.27 $409,505,651.62
TAM Tanami Gold NL -4% -12% -27% -37% 0.053 $61,105,046.39
GRL Godolphin Resources -4% 0% -11% -31% 0.125 $10,515,068.25
MEG Megado -4% 14% 36% -17% 0.125 $5,381,099.75
G88 Golden Mile Res -5% -17% 5% -35% 0.0525 $9,982,898.09
SFM Santa Fe Minerals -5% -13% 18% 8% 0.105 $7,645,972.85
CDR Codrus Minerals -5% -13% -56% 0% 0.082 $3,280,000.00
MKG Mako Gold -5% -9% -24% -19% 0.08 $30,579,328.16
CLA Celsius Resource -5% -20% -23% -60% 0.02 $23,207,849.59
KCN Kingsgate Consolid. -5% -24% -5% 63% 1.365 $293,249,600.23
BGD Bartongoldholdings -5% -17% -7% 0% 0.195 $17,382,599.19
PRX Prodigy Gold NL -5% -14% -42% -62% 0.019 $12,235,179.73
AGC AGC -5% 7% -18% -36% 0.09 $6,095,455.56
KAU Kaiser Reef -5% -18% -22% -34% 0.18 $23,952,082.09
NMR Native Mineral Res -6% -21% -23% -44% 0.17 $7,501,834.80
PGO Pacgold -6% -11% 37% 0% 0.63 $31,386,009.06
BCN Beacon Minerals -6% -9% -3% -9% 0.031 $109,237,645.83
GMD Genesis Minerals -6% -24% -3% 120% 1.38 $330,397,193.38
CYL Catalyst Metals -6% -14% -21% -19% 1.605 $159,498,635.76
EMR Emerald Res NL -6% -11% 3% 11% 1.07 $623,758,345.08
KCC Kincora Copper -6% -18% -42% -75% 0.09 $6,664,441.33
LYN Lycaonresources -6% -9% 0% 0% 0.375 $11,067,187.50
SAU Southern Gold -6% -13% -31% -46% 0.045 $9,599,794.02
S2R S2 Resources -6% -12% -25% -14% 0.15 $53,456,228.25
CY5 Cygnus Gold Limited -6% -12% -9% 0% 0.145 $17,107,870.68
FG1 Flynngold -6% -15% -19% 0% 0.145 $9,609,157.50
CXU Cauldron Energy -7% -30% -48% -65% 0.014 $6,424,935.32
ZAG Zuleika Gold -7% -13% 33% -28% 0.028 $14,603,417.50
ENR Encounter Resources -7% -16% -25% 3% 0.135 $44,410,355.64
SMS Starmineralslimited -7% 0% 5% 0% 0.195 $5,775,000.00
TRN Torrens Mining -7% -4% -13% -7% 0.13 $9,218,941.94
BC8 Black Cat Syndicate -7% -35% -26% -37% 0.445 $74,307,350.88
RVR Red River Resources -7% -17% -7% -12% 0.19 $93,323,607.84
EM2 Eagle Mountain -7% -27% -52% -70% 0.315 $76,919,865.64
QML Qmines Limited -7% -17% -34% -14% 0.25 $16,963,028.15
CAZ Cazaly Resources -8% -10% -18% -31% 0.037 $13,720,406.34
AWV Anova Metals -8% -14% -45% -43% 0.012 $17,977,130.40
PAK Pacific American Hld -8% -25% -40% -42% 0.012 $5,734,528.82
GMN Gold Mountain -8% -14% -68% -84% 0.006 $7,158,895.02
TBA Tombola Gold -8% 30% 76% 32% 0.06 $50,194,980.24
KZR Kalamazoo Resources -8% -5% -4% -15% 0.35 $49,366,087.16
GBZ GBM Rsources -8% -23% -20% -16% 0.092 $46,613,310.93
NVA Nova Minerals -8% -27% -56% -56% 0.61 $114,428,450.98
NAE New Age Exploration -8% -15% 0% -42% 0.011 $15,794,888.01
PGD Peregrine Gold -8% -8% 9% 33% 0.44 $15,314,667.60
OBM Ora Banda Mining -8% -37% -55% -81% 0.033 $45,341,581.00
KRM Kingsrose Mining -8% -19% -7% 23% 0.065 $45,904,117.66
AM7 Arcadia Minerals -9% -16% -14% 0% 0.215 $7,523,387.50
TCG Turaco Gold Limited -9% -22% -41% 23% 0.086 $36,355,916.87
BNR Bulletin Res -9% -22% 88% 144% 0.16 $42,063,082.92
GMR Golden Rim Resources -9% -14% -38% -57% 0.064 $19,724,449.29
CHZ Chesser Resources -9% -13% -36% -29% 0.096 $56,756,941.67
STK Strickland Metals -9% 31% 4% 213% 0.072 $88,377,925.50
PDI Predictive Disc -9% 5% -11% 133% 0.205 $281,800,856.42
GIB Gibb River Diamonds -9% -2% -32% -2% 0.061 $12,902,076.15
STN Saturn Metals -9% -11% -38% -16% 0.355 $44,815,216.07
GBR Greatbould Resources -9% -27% -39% -13% 0.091 $37,968,495.57
TMX Terrain Minerals -9% 0% 25% -9% 0.01 $6,846,849.08
HRN Horizon Gold -9% -15% -11% -4% 0.35 $36,275,285.44
AVW Avira Resources -9% -17% -29% -29% 0.005 $10,593,950.00
TLM Talisman Mining -9% -12% 7% -38% 0.15 $27,222,227.07
GNM Great Northern -9% -17% -29% -44% 0.005 $8,545,254.88
NCM Newcrest Mining -9% -12% -3% -12% 24.435 $22,060,144,200.90
RXL Rox Resources -9% -9% -15% -35% 0.34 $55,750,512.51
DRE Dreadnought Resources -10% -14% -14% 58% 0.038 $105,031,291.39
NES Nelson Resources. -10% -5% -47% -76% 0.019 $5,297,348.95
FEG Far East Gold -10% 34% 0% 0% 0.375 $47,594,511.90
CBY Canterbury Resources -10% -14% -49% -40% 0.056 $6,899,117.68
XAM Xanadu Mines -10% 0% 6% -54% 0.028 $39,543,286.02
DTM Dart Mining NL -10% -19% -35% -54% 0.065 $7,469,455.80
NWM Norwest Minerals -10% -23% -37% -52% 0.046 $8,307,939.80
MGV Musgrave Minerals -10% -19% -30% -23% 0.275 $150,408,425.72
GSM Golden State Mining -10% -30% -39% -49% 0.064 $6,644,137.73
ZNC Zenith Minerals -10% -12% 53% 18% 0.36 $118,646,933.48
AAR Astral Resources NL -10% -23% -13% -15% 0.081 $49,482,876.84
VRC Volt Resources -10% -5% -36% -31% 0.018 $55,170,741.10
SI6 SI6 Metals Limited -10% 0% -18% -18% 0.009 $12,853,295.87
KAI Kairos Minerals -10% -7% -27% -4% 0.027 $51,014,430.77
MXR Maximus Resources -10% -4% -2% -11% 0.072 $22,253,403.76
SBR Sabre Resources -10% -36% -10% -10% 0.0045 $13,945,824.27
CEL Challenger Exp -10% -16% -24% -11% 0.27 $266,078,321.57
SNG Siren Gold -10% -4% -1% 54% 0.355 $30,398,372.28
TBR Tribune Res -10% -18% -22% -24% 4.03 $217,742,519.55
ADT Adriatic Metals -10% -14% -22% -8% 2.18 $457,965,629.00
MOH Moho Resources -10% -25% -28% -43% 0.043 $5,205,147.76
MEU Marmota Limited -11% 11% 16% 16% 0.051 $50,964,228.43
ASO Aston Minerals -11% -19% 9% -19% 0.125 $131,347,850.16
WWI West Wits Mining -11% -24% -35% -69% 0.025 $44,117,579.06
NSM Northstaw -11% -11% -19% -24% 0.25 $10,031,750.00
THR Thor Mining PLC -11% -22% -22% -26% 0.0125 $12,695,296.99
SKY SKY Metals -11% -20% -9% -48% 0.08 $29,765,894.13
ADV Ardiden -11% -8% -14% 9% 0.012 $32,020,024.27
RMX Red Mount Min -11% -16% -38% -11% 0.008 $12,317,728.94
AXE Archer Materials -11% -20% -54% -4% 0.705 $168,549,700.76
MI6 Minerals260Limited -11% -21% -33% 0% 0.39 $83,600,000.00
X64 Ten Sixty Four -11% -21% -13% -14% 0.7 $157,289,847.69
TSO Tesoro Gold -11% -22% -26% -66% 0.062 $40,774,582.34
HCH Hot Chili -12% -15% -46% -38% 1.185 $135,427,197.78
BMO Bastion Minerals -12% -12% -43% -17% 0.15 $12,907,974.20
NAG Nagambie Resources -12% -8% -44% -41% 0.045 $23,604,723.27
HAV Havilah Resources -12% -12% -12% -44% 0.1675 $52,667,148.69
CAI Calidus Resources -12% -13% 36% 114% 0.845 $352,009,882.00
YRL Yandal Resources -12% -8% -50% -67% 0.22 $25,540,141.66
ANX Anax Metals -12% -16% -12% -8% 0.088 $35,237,678.08
HRZ Horizon -12% -15% -15% -4% 0.11 $65,317,148.00
RRL Regis Resources -12% -17% -15% -30% 1.83 $1,366,145,099.38
PRS Prospech Limited -12% 4% -34% -61% 0.051 $3,324,231.26
NST Northern Star -12% -22% -20% -21% 8.49 $9,903,572,887.00
ERM Emmerson Resources -12% -34% 16% 26% 0.092 $48,851,707.50
DCX Discovex Res -13% -13% 40% 17% 0.007 $19,264,980.57
IPT Impact Minerals -13% -17% -32% -36% 0.0105 $21,904,615.86
SIH Sihayo Gold Limited -13% -30% -56% -73% 0.0035 $12,899,114.95
MTH Mithril Resources -13% -36% -61% -56% 0.007 $17,521,398.25
MEK Meeka Gold Limited -13% -14% -22% -31% 0.042 $35,895,025.34
SLR Silver Lake Resource -13% -31% -21% -22% 1.475 $1,362,697,513.22
BEZ Besragoldinc -13% -35% -75% 0% 0.04 $6,873,998.40
AZS Azure Minerals -13% -23% -32% -7% 0.265 $74,576,573.04
SMI Santana Minerals -13% 41% 242% 507% 0.82 $108,762,576.16
BNZ Benzmining -13% -6% -9% -23% 0.62 $32,157,436.46
SFR Sandfire Resources -13% -11% -18% -32% 4.925 $2,021,210,732.49
MVL Marvel Gold Limited -13% -15% -43% -21% 0.039 $28,172,774.80
AQI Alicanto Min -14% -17% -43% -41% 0.083 $30,697,089.36
OKR Okapi Resources -14% -37% -48% 21% 0.255 $26,942,009.79
EVN Evolution Mining -14% -24% -19% -32% 3.405 $6,323,876,506.35
DEG De Grey Mining -14% -19% -17% -29% 1.0225 $1,422,931,960.25
ICL Iceni Gold -14% 14% -48% -34% 0.125 $16,024,553.50
BBX BBX Minerals -14% -18% -36% -65% 0.099 $45,542,126.03
DTR Dateline Resources -14% -18% 4% -1% 0.099 $44,306,040.00
ALK Alkane Resources -14% -25% -3% 6% 0.895 $541,980,912.20
CST Castile Resources -14% 9% -21% -26% 0.185 $36,946,372.39
RED Red 5 Limited -14% -18% 24% 68% 0.335 $860,071,637.98
RMS Ramelius Resources -14% -13% -30% -30% 1.24 $1,075,557,535.16
SSR SSR Mining Inc. -14% -10% 3% 30% 27.44 $543,168,339.21
GWR GWR Group -14% -23% 14% -63% 0.12 $41,758,165.15
WRM White Rock Min -14% -40% -54% -73% 0.12 $20,840,297.28
GCY Gascoyne Res -14% -20% -41% -59% 0.24 $102,221,772.00
SBM St Barbara Limited -14% -22% -29% -42% 1.1425 $905,465,592.48
MRR Minrex Resources -15% -26% 136% 117% 0.052 $49,427,059.94
AMI Aurelia Metals -15% -27% -17% -18% 0.345 $420,599,195.38
LCY Legacy Iron Ore -15% -15% 64% 53% 0.023 $147,357,002.58
DEX Duke Exploration -15% -28% -41% -71% 0.115 $9,923,226.72
WAF West African Res -15% -12% -17% 16% 1.1625 $1,209,920,245.46
WGX Westgold Resources. -15% -30% -37% -37% 1.315 $620,279,977.46
G50 Gold50Limited -15% -17% -22% 0% 0.2 $11,203,600.20
FML Focus Minerals -15% -20% -28% -35% 0.195 $54,446,142.55
RSG Resolute Mining -15% -15% -35% -50% 0.2925 $314,620,483.20
IVR Investigator Res -15% -28% -38% -46% 0.05 $66,615,682.85
LM8 Lunnonmetalslimited -15% -17% 129% 0% 0.86 $93,394,707.95
PUA Peak Minerals -15% -39% -27% -44% 0.011 $12,496,449.01
MKR Manuka Resources. -15% -28% -44% -44% 0.22 $26,585,489.70
KSN Kingston Resources -16% -23% -44% -41% 0.135 $55,723,874.27
TIE Tietto Minerals -16% -17% -7% 39% 0.4175 $336,246,933.51
PNM Pacific Nickel Mines -16% -27% -20% 82% 0.08 $20,074,413.34
WCN White Cliff Min -16% -30% 62% 24% 0.021 $13,072,067.24
ALY Alchemy Resource -16% 24% 62% 34% 0.021 $18,108,407.08
PRU Perseus Mining -16% -11% -3% 40% 1.695 $2,091,746,017.67
NML Navarre Minerals -16% -10% -14% -35% 0.078 $107,809,100.01
DGO DGO Gold Limited -16% -23% -11% -26% 2.65 $236,577,490.14
BGL Bellevue Gold -16% -14% -16% -7% 0.82 $840,616,938.19
GOR Gold Road Res -17% -23% -23% -10% 1.235 $1,131,150,741.76
GML Gateway Mining -17% -17% -41% -58% 0.01 $24,861,170.04
PUR Pursuit Minerals -17% -35% -43% -63% 0.02 $18,910,983.88
AGG AngloGold Ashanti -17% -22% -13% -14% 4.91 $455,851,679.15
BRB Breaker Res NL -17% -20% -48% 16% 0.215 $71,685,004.38
MRZ Mont Royal Resources -17% -17% -31% -10% 0.31 $20,110,785.30
OGC OceanaGold Corp. -17% -12% 1% 15% 3 $216,554,575.16
CDT Castle Minerals -17% -31% 36% 217% 0.038 $33,982,761.46
GED Golden Deeps -18% -26% 8% 27% 0.014 $15,017,071.50
M24 Mamba Exploration -18% -22% -48% -51% 0.105 $4,217,500.30
DCN Dacian Gold -18% -33% -24% -45% 0.185 $206,164,641.97
ICG Inca Minerals -18% -34% -34% -31% 0.086 $41,414,153.72
AUC Ausgold Limited -18% -31% 13% 23% 0.054 $105,532,676.13
MAT Matsa Resources -18% -23% -10% -31% 0.054 $19,024,594.86
CMM Capricorn Metals -18% -22% 14% 78% 3.41 $1,270,805,080.86
AAJ Aruma Resources -18% -46% -12% 17% 0.076 $11,929,074.23
MZZ Matador Mining -18% -18% -49% -52% 0.2 $42,416,303.48
GSN Great Southern -19% -25% -36% -15% 0.044 $23,956,518.87
MLS Metals Australia -19% -43% 114% 114% 0.0855 $34,216,060.18
TTM Titan Minerals -19% -26% -30% -36% 0.07 $108,548,481.04
TMZ Thomson Res -19% -49% -64% -81% 0.026 $18,781,340.20
SPQ Superior Resources -19% -19% 55% 183% 0.034 $62,945,155.47
E2M E2 Metals -19% -28% -31% -50% 0.17 $33,852,494.91
IDA Indiana Resources -19% -13% -14% -35% 0.055 $24,178,595.16
A8G Australasian Metals -19% -24% -39% 84% 0.3675 $15,027,230.31
TG1 Techgen Metals -19% -14% -49% -51% 0.125 $5,225,059.92
ARV Artemis Resources -20% -47% -60% -65% 0.037 $55,533,239.36
GTR Gti Resources -20% -36% -48% -22% 0.016 $20,546,075.57
AUT Auteco Minerals -21% -30% -29% -36% 0.058 $109,567,014.90
KWR Kingwest Resources -21% -16% -4% 48% 0.135 $32,801,358.38
BTR Brightstar Resources -21% -26% -57% -30% 0.023 $14,877,799.99
PKO Peako Limited -21% 6% -17% -46% 0.019 $6,477,536.12
KAL Kalgoorliegoldmining -21% -31% 0% 0% 0.11 $7,967,806.00
SVL Silver Mines Limited -22% -25% -25% -31% 0.18 $245,448,107.17
ARN Aldoro Resources -22% -20% -59% -34% 0.215 $21,330,921.64
M2R Miramar -22% -29% -36% -38% 0.125 $7,986,568.13
KTA Krakatoa Resources -22% -29% 39% 34% 0.082 $26,887,373.53
POL Polymetals Resources -22% -13% -32% 0% 0.105 $4,205,939.43
RDS Redstone Resources -22% -46% -50% -46% 0.007 $5,157,826.77
HXG Hexagon Energy -22% -33% -77% -71% 0.028 $14,105,187.28
LRL Labyrinth Resources -22% -32% -38% -48% 0.028 $25,327,635.90
ARL Ardea Resources -23% -41% 129% 135% 1.055 $171,435,149.72
XTC Xantippe Res -23% -23% 100% 400% 0.01 $76,830,568.99
FFX Firefinch -23% -19% 22% 128% 0.855 $968,619,441.22
LCL Los Cerros Limited -24% -41% -57% -63% 0.0645 $40,856,215.37
AQX Alice Queen -25% -31% -59% -74% 0.0045 $8,497,573.38
DDD 3D Resources Limited -25% 0% -25% -25% 0.003 $12,545,616.28
AL8 Alderan Resource -25% -25% -55% -72% 0.018 $7,660,189.44
RDN Raiden Resources -25% -28% -58% -60% 0.0105 $14,136,539.58
HAW Hawthorn Resources -25% 9% 118% 161% 0.12 $40,021,873.56
CHN Chalice Mining -26% -24% -43% -25% 5.29 $1,860,323,003.76
CWX Carawine Resources -29% -29% -25% -49% 0.15 $22,053,495.52
RGL Riversgold -33% -43% 106% 1% 0.041 $22,857,843.76
SRN Surefire Rescs NL -35% 63% 117% 13% 0.026 $32,807,998.98
HMX Hammer Metals -35% -38% 25% -32% 0.065 $55,419,634.36
ANL Amani Gold -50% 0% -50% -33% 0.001 $23,293,441.13

 

WEEKLY SMALL CAP STANDOUTS

TWENTY SEVEN CO (ASX:TSC)

Shallow augur drilling confirms gold across three broad areas at the ‘Yarbu’ project, next door to Ramelius Resources’ (ASX:RMS) ‘Marda’ gold mine in the WA goldfields.

“This allows our technical team to accurately review and confidently plan drilling programs with the aim of identifying further gold mineralisation at depth,” TSC chairman Rohan Dalziell says.

“Follow-up aircore [deeper] drilling will be undertaken across priority target areas in due course.”

 

OZAURUM RESOURCES (ASX:OZM)

The explorer says a new diamond drill hole has hit gold-hosting rock at ‘Mulgabbie North’, “further validating the potential of Mulgabbie to be a significant gold discovery”.

Late last month, OZM hit 1.31g/t over 56m — including 18m @ 2.07g/t — in drilling at the Mulgabbie North, next door to Northern Star’s (ASX:NST) tier 1 Carosue Dam operations in WA.

The results, which include significant hits from three holes spaced 100m apart, come from a recently launched 7,500m reverse circulation (RC) drilling campaign.

It’s early days, but this virgin discovery at the so-called ‘Demag Zone’ remains ‘open’ all over the joint, OZM says.

RC drilling of the Demag Zone will commence in three weeks’ time.

The post Gold Digger: CHART – Frail Aussie dollar has local gold miners sitting pretty appeared first on Stockhead.

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Author: Reuben Adams

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