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Gold Digger: Here are August’s top performing gold stocks

August was a rollercoaster for the gold price, but — after a chaotic flash crash saw it plummet into the … Read More
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This article was originally published by Stockhead

August was a rollercoaster for the gold price, but — after a chaotic flash crash saw it plummet into the $US1600s earlier in the month — it ended up where it started.

Sources: FastMarkets, ICE Benchmark Administration, Thomson Reuters, World Gold Council

Gold is one of the year’s worst performing metals, but we are living through a commodities super cycle; ‘worst performer’ is not as bad as it sounds.

Especially for producers, which reported record FY21 profits thanks to that record-high gold price run through August last year.

Perseus Mining (ASX:PRU) saw a 48% rise in net profit after tax (NPAT) to $139.4 million in FY2021 and an 11% increase in EBITDA to $303.1m.

Ramelius Resources (ASX:RMS) reported a record profit for FY21 of $126.8m and will pay a full franked 2.5c per share dividend.

Meanwhile, Northern Star (ASX:NST) sold ~1.6Moz of gold at a record average price of $2277/oz.

That generated a statutory NPAT of $1.03 billion.

Evolution Mining (ASX:AVN) disappointed with production figures that showed gold output falling from 746,463oz in 2020 to 680,788/oz in 2021.

But its financials were well received, with ‘sector leading’ costs of $1215 an ounce helping the Sydney-based gold miner to a 14% increase in profit to a record $354.3 million.

Then there’s the ASX’s largest goldie Newcrest Mining (ASX:NCM), which produced 2.1Moz of gold and 142,700 tonnes of copper for a $1.2 billion profit. Another record.
 

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

CODE COMPANY 1 WEEK RETURN % 1 MONTH RETURN % 6 MONTH RETURN % 1 YEAR RETURN % PRICE MARKET CAP
ADV Ardiden 25 76 -6 -21 0.015 $ 27,941,604.81
AZS Azure Minerals 34 71 43 151 0.4275 $ 129,879,002.82
NXM Nexus Minerals 20 69 58 103 0.15 $ 36,622,750.65
GBR Great Boulder Resources 86 67 281 204 0.16 $ 62,172,432.00
AAJ Aruma Resources 13 67 23 -19 0.085 $ 9,006,678.80
ARV Artemis Resources 29 60 17 11 0.088 $ 105,419,802.68
GTR GTI Resources 30 53 44 0 0.026 $ 17,928,913.95
A8G Australasian Gold 38 52 0.22 $ 6,954,137.61
FFX Firefinch 11 49 183 205 0.595 $ 552,365,701.20
ANX Anax Metals 29 47 55 350 0.11 $ 38,520,227.90
HWK Hawkstone Mining 2 45 5 133 0.042 $ 72,082,966.07
BRB Breaker Resources 13 42 7 -6 0.22 $ 70,055,799.74
VRC Volt Resources 24 38 140 125 0.036 $ 78,081,650.72
ONX Orminex 13 36 22 10 0.045 $ 24,655,253.58
CST Castile Resources 5 31 35 -12 0.23 $ 41,939,125.41
MRZ Mont Royal Resources 2 31 -4 15 0.275 $ 12,499,315.95
KTA Krakatoa Resources 25 30 0 -13 0.065 $ 20,334,984.27
HCH Hot Chili 7 28 -2 5 0.046 $ 169,794,037.17
PNM Pacific Nickel Mines 35 28 30 57 0.074 $ 15,902,232.66
M2R Miramar -2 27 -9 0.21 $ 10,033,191.75
AYM Australia United Min 11 25 11 100 0.01 $ 16,583,197.37
MBK Metal Bank 11 25 -9 25 0.01 $ 11,890,683.04
MTC Metalstech 18 23 100 66 0.29 $ 38,876,021.31
NVA Nova Minerals 29 23 -7 114 0.135 $ 193,308,864.41
PUA Peak Minerals 10 22 -21 -19 0.022 $ 12,294,053.04
HAW Hawthorn Resources 23 20 -33 -51 0.054 $ 18,009,843.10
CXU Cauldron Energy 16 20 13 3 0.036 $ 13,679,985.36
BAR Barra Resources 9 20 9 0 0.024 $ 15,584,986.32
OKR Okapi Resources 22 18 174 142 0.52 $ 48,617,628.48
LM8 Lunnon Metals 1 18 0.59 $ 45,194,092.04
CHZ Chesser Resources 3 18 -3 -20 0.165 $ 74,159,380.00
AM7 Arcadia Minerals 11 17 0.21 $ 7,182,000.00
GUL Gullewa 5 17 14 3 0.091 $ 17,323,952.10
BMO Bastion Minerals 5 16 0.22 $ 12,639,937.20
BNR Bulletin Resources 38 16 -5 -6 0.066 $ 11,116,170.59
WCN White Cliff Min 36 15 -17 15 0.015 $ 7,240,749.59
POL Polymetals Resources 3 15 0.15 $ 5,629,372.27
ICL Iceni Gold 2 13 0.215 $ 25,153,798.53
RED Red 5 16 13 33 -29 0.22 $ 541,887,658.08
RDN Raiden Resources 29 13 13 200 0.027 $ 34,961,961.89
DDD 3D Resources 13 13 36 9 0.0045 $ 17,461,674.41
TMX Terrain Minerals 0 13 -18 -40 0.009 $ 6,621,849.08
ENR Encounter Resources 3 12 9 27 0.19 $ 58,507,456.76
YRL Yandal Resources -3 12 23 116 0.53 $ 54,237,574.62
EM2 Eagle Mountain 20 11 87 226 0.88 $ 167,383,080.98
DEX Duke Exploration 11 11 -8 0.3 $ 26,612,289.84
CMM Capricorn Metals 10 11 64 22 2.4 $ 876,566,930.54
OZM Ozaurum Resources 15 11 -16 0.155 $ 8,063,100.00
DTR Dateline Resources 4 11 88 88 0.094 $ 40,843,896.10
CAI Calidus Resources 15 11 47 6 0.575 $ 229,958,799.53
GIB Gibb River Diamonds -9 11 -19 15 0.063 $ 13,536,604.48
GMN Gold Mountain 0 10 -42 -42 0.022 $ 22,473,132.57
CBY Canterbury Resources -4 10 -15 -15 0.11 $ 13,221,838.30
TIN TNT Mines 0 10 3 -6 0.17 $ 20,408,198.93
TTM Titan Minerals 9 9 9 4 0.12 $ 133,459,036.52
CEL Challenger Exploration 9 9 -9 13 0.2825 $ 236,139,803.48
FAU First Au 18 8 -24 -35 0.013 $ 7,990,173.80
CDT Castle Minerals -7 8 63 0 0.013 $ 10,255,011.45
G88 Golden Mile Resources -4 8 2 -4 0.053 $ 7,614,989.71
AOP Apollo Consolidated 0 7 7 12 0.37 $ 107,899,618.30
LCY Legacy Iron Ore 7 7 -6 200 0.015 $ 89,666,339.24
MKR Manuka Resources 7 7 -29 -52 0.31 $ 31,462,229.53
AGS Alliance Resources 6 6 -6 -27 0.165 $ 34,322,827.11
SNG Siren Gold -2 6 -32 0.265 $ 18,932,841.26
QML Qmines 6 6 0.355 $ 16,189,849.16
BGD Barton Gold 9 6 0.19 $ 16,309,599.24
PRX Prodigy Gold 0 5 -7 -45 0.04 $ 23,225,104.24
A1G African Gold -2 5 -13 33 0.2 $ 17,824,529.58
KAI Kairos Minerals 5 5 22 -32 0.0305 $ 50,295,340.95
ICG Inca Minerals -12 5 21 66 0.11 $ 55,289,751.75
AWV Anova Metals -15 5 10 -31 0.022 $ 34,394,260.80
RVR Red River Resources 5 5 -28 23 0.1725 $ 89,316,078.31
AXE Archer Materials -2 4 72 276 1.69 $ 393,932,324.58
MML Medusa Mining 6 4 -10 -3 0.85 $ 177,731,672.36
HXG Hexagon Energy -5 4 -23 26 0.073 $ 32,112,995.54
MM8 Medallion Metals 4 4 0.25 $ 20,242,521.50
HRN Horizon Gold 44 4 3 -19 0.41 $ 43,743,726.56
TNR Torian Resources 17 4 -52 100 0.028 $ 23,473,453.10
MVL Marvel Gold 2 4 17 6 0.056 $ 32,999,170.06
RXL Rox Resources 19 4 -11 -56 0.44 $ 68,559,312.09
EMU EMU NL 3 3 -57 0 0.03 $ 11,869,376.58
ADT Adriatic Metals 13 3 43 29 3.06 $ 533,592,326.47
ADN Andromeda Metals 0 3 -49 248 0.16 $ 393,768,327.36
SAU Southern Gold 0 3 -26 -50 0.067 $ 14,293,026.65
BCN Beacon Minerals -3 3 -8 7 0.034 $ 123,631,652.00
ARN Aldoro Resources 22 3 174 453 0.52 $ 46,223,202.17
AAU Antilles Gold -1 3 -21 91 0.077 $ 19,433,921.28
BDC Bardoc Gold 5 2 -4 -13 0.0675 $ 114,526,986.82
KAU Kaiser Reef -4 2 -43 -37 0.23 $ 22,265,921.42
WMC Wiluna Mining Corp -2 2 -3 -32 1.03 $ 165,431,111.78
ERM Emmerson Resources -1 1 5 -29 0.068 $ 34,876,694.23
NUS Nusantara Resources 0 1 25 17 0.345 $ 79,927,187.42
MAU Magnetic Resources 2 1 3 -3 1.62 $ 353,441,053.80
SFM Santa Fe Minerals 2 1 -26 18 0.085 $ 6,189,597.07
NML Navarre Minerals 9 1 -35 -30 0.094 $ 62,817,493.59
SSR SSR Mining Inc. 1 1 24 22.11 $ 469,987,831.44
ANL Amani Gold 50 0 50 -25 0.0015 $ 24,773,993.49
AVW Avira Resources 25 0 0 -17 0.005 $ 6,875,200.00
MHC Manhattan Corp 20 0 -25 -71 0.012 $ 16,789,065.62
PNX PNX Metals Limited 14 0 0 -27 0.008 $ 29,217,548.09
NAG Nagambie Resources 11 0 47 62 0.081 $ 39,994,587.68
SI6 SI6 Metals Limited 8 0 -38 0 0.013 $ 17,137,727.82
NMR Native Mineral Res 8 0 -15 0.265 $ 7,203,375.00
VAN Vango Mining 5 0 16 -36 0.067 $ 72,545,114.47
TRM Truscott Mining Corp 3 0 38 106 0.033 $ 5,014,070.95
AUC Ausgold Limited 3 0 -15 5 0.04 $ 63,413,981.64
BMR Ballymore Resources 0 0 0 0 0.425 $ 14,295,616.20
RMX Red Mount Min 0 0 -25 29 0.009 $ 13,180,124.72
SBR Sabre Resources 0 0 -43 -43 0.004 $ 6,732,254.60
DLC Delecta Limited 0 0 -14 0 0.006 $ 6,051,727.23
CGN Crater Gold Min 0 0 -23 21 0.017 $ 20,867,429.74
XTC Xantippe Res 0 0 0 -33 0.002 $ 8,149,128.80
SIH Sihayo Gold Limited 0 0 -23 -58 0.01 $ 36,854,614.13
KGM Kalnorth Gold 0 0 0 0 0.013 $ 11,625,120.78
DCX Discovex Res 0 0 -29 -38 0.005 $ 12,843,320.38
GRL Godolphin Resources -6 0 -21 -20 0.165 $ 13,457,803.36
MKG Mako Gold 1 -1 -7 -35 0.088 $ 34,401,744.18
KZR Kalamazoo Resources 1 -1 -21 -49 0.36 $ 48,976,223.41
MGV Musgrave Minerals 5 -2 3 -48 0.315 $ 170,631,343.68
PF1 Pathfinder Resources 4 -2 40 0.295 $ 14,719,390.80
PUR Pursuit Minerals -9 -2 -5 273 0.059 $ 52,839,793.21
SVY Stavely Minerals 7 -2 -44 -16 0.44 $ 121,347,075.18
AME Alto Metals Limited -1 -2 19 1 0.087 $ 40,073,116.50
TMZ Thomson Res 6 -2 -32 106 0.105 $ 48,722,488.61
MZZ Matador Mining 1 -2 32 -14 0.41 $ 87,312,134.66
DRE Dreadnought Resources -2 -2 141 193 0.041 $ 106,492,689.47
BNZ Benz Mining -1 -2 -6 0.81 $ 31,342,022.15
RND Rand Mining 1 -3 -8 -30 1.47 $ 83,607,662.67
ASO Aston Minerals 12 -3 314 282 0.145 $ 133,587,640.06
ZAG Zuleika Gold 0 -3 -37 -19 0.029 $ 11,892,707.82
AAR Anglo Australian 6 -3 -14 -56 0.083 $ 50,675,235.32
BYH Bryah Resources 6 -4 -16 4 0.054 $ 11,670,980.28
AL8 Alderan Resource -4 -4 -42 -63 0.05 $ 17,102,862.75
WAF West African Resources 2 -4 44 4 1.0475 $ 936,406,239.78
ARL Ardea Resources 2 -4 -13 -16 0.485 $ 66,256,425.12
OKU Oklo Resources 4 -4 -27 -55 0.12 $ 59,223,502.91
ZNC Zenith Minerals 15 -4 77 142 0.23 $ 69,287,406.51
TSO Tesoro Resources 10 -4 -45 -31 0.11 $ 52,605,721.25
FFR Firefly Resources -8 -4 -12 6 0.11 $ 35,459,045.95
CYL Catalyst Metals 2 -4 5 -20 1.95 $ 186,761,873.70
CHN Chalice Mining 1 -5 57 361 6.8 $ 2,357,627,042.40
PAK Pacific American Hld 6 -6 -19 -6 0.017 $ 5,415,943.30
TBR Tribune Res -2 -6 2 -36 5.1 $ 272,834,000.40
NST Northern Star 3 -6 3 -28 9.77 $ 11,339,815,454.00
FML Focus Minerals -2 -6 -27 -45 0.24 $ 43,859,655.60
AMI Aurelia Metals 1 -6 -5 -32 0.3525 $ 425,985,256.88
EMR Emerald Res NL 3 -6 9 33 0.835 $ 422,625,709.74
MEU Marmota Limited 5 -6 0 -6 0.045 $ 40,678,414.98
KWR Kingwest Resources 12 -6 -54 -51 0.073 $ 14,579,403.37
WGX Westgold Resources. 3 -6 -7 -21 1.735 $ 742,229,204.50
CWX Carawine Resources -2 -7 -37 2 0.215 $ 24,500,227.95
NWM Norwest Minerals -7 -7 -8 -42 0.071 $ 12,823,116.53
ALY Alchemy Resource 0 -7 -13 -22 0.014 $ 9,411,408.34
TAM Tanami Gold NL -1 -7 -11 4 0.07 $ 82,256,793.22
REZ Resourc & En Grp -10 -7 -28 33 0.028 $ 12,518,742.88
HMX Hammer Metals 4 -7 -31 89 0.083 $ 67,520,053.71
AWJ Auric Mining -7 -7 -27 0.135 $ 5,997,041.42
SPQ Superior Resources 8 -7 8 44 0.013 $ 16,576,029.49
GOR Gold Road Res 1 -7 16 -20 1.2575 $ 1,109,909,603.88
BC8 Black Cat Syndicate 7 -7 -13 -29 0.58 $ 81,668,530.38
PNR Pantoro Limited 7 -8 -1 -19 0.2025 $ 281,799,739.60
GBZ GBM Rsources 10 -8 15 -18 0.115 $ 50,233,070.31
KCN Kingsgate Consolid. 4 -8 -21 22 0.73 $ 162,882,676.80
NCM Newcrest Mining 1 -8 3 -22 24.68 $ 20,219,746,980.08
CTO Citigold Corp 0 -8 -8 -8 0.011 $ 28,336,590.91
SLZ Sultan Resources 0 -8 -18 -34 0.165 $ 11,473,174.19
EVN Evolution Mining -1 -8 -2 -31 3.91 $ 7,129,326,344.12
SKY SKY Metals -4 -9 -46 -41 0.086 $ 27,981,100.35
FG1 Flynngold 7 -9 0.16 $ 9,599,999.68
IVR Investigator Res 0 -9 -29 8 0.064 $ 86,056,529.46
DGO DGO Gold Limited 3 -9 16 -16 3.05 $ 240,611,555.52
GNM Great Northern 11 -9 -17 -57 0.01 $ 12,090,509.76
MEG Megado -5 -9 -43 0.1 $ 4,520,123.79
VKA Viking Mines -13 -9 -52 65 0.02 $ 20,425,168.62
SRN Surefire Rescs NL 4 -9 -40 45 0.0145 $ 15,460,345.73
KRM Kingsrose Mining 2 -10 -6 27 0.047 $ 32,850,330.84
KSN Kingston Resources 12 -10 -8 -31 0.185 $ 54,369,365.83
PRU Perseus Mining 4 -10 41 4 1.525 $ 1,864,993,746.40
RRL Regis Resources -3 -10 -19 -53 2.39 $ 1,802,557,602.78
LNY Laneway Res 13 -10 -10 -44 0.0045 $ 15,616,263.73
NES Nelson Resources. 2 -10 -58 -38 0.045 $ 8,743,148.78
MCT Metalicity Limited 0 -10 -31 -67 0.009 $ 19,293,943.79
DEG De Grey Mining 3 -10 38 -10 1.185 $ 1,531,514,217.29
M24 Mamba Exploration -3 -10 -20 0.175 $ 6,660,000.00
MOH Moho Resources 2 -10 -25 -47 0.061 $ 6,196,524.12
DCN Dacian Gold -10 -10 -39 -36 0.215 $ 207,997,450.86
VMC Venus Metals Cor 3 -11 -15 -31 0.17 $ 24,172,589.28
MTH Mithril Resources 0 -11 -15 -68 0.017 $ 39,953,961.70
MAT Matsa Resources 5 -11 -34 -63 0.059 $ 20,772,967.96
IPT Impact Minerals -4 -11 -46 -48 0.0125 $ 24,285,539.03
CDR Codrus Minerals 6 -11 0.165 $ 6,600,000.00
RGL Riversgold -3 -11 -39 -39 0.033 $ 13,333,392.47
SMI Santana Minerals -11 -11 -35 -65 0.098 $ 11,175,198.33
GML Gateway Mining -6 -11 -41 -33 0.016 $ 32,361,805.20
PGD Peregrine Gold 4 -11 0.395 $ 13,943,499.93
AQX Alice Queen -4 -12 -56 -73 0.0115 $ 13,602,453.10
TRN Torrens Mining -3 -12 19 0.19 $ 12,619,763.53
PDI Predictive Disc 2 -12 137 84 0.1325 $ 175,696,345.89
TRY Troy Resources -8 -12 -47 -65 0.037 $ 30,073,993.35
GSN Great Southern -2 -12 -30 -56 0.051 $ 25,788,681.42
TBA Tombola Gold -20 -12 -31 -16 0.043 $ 25,688,979.05
BAT Battery Minerals 27 -13 -48 27 0.014 $ 31,542,413.00
TG1 Techgen Metals 6 -13 0.175 $ 7,320,469.15
TIE Tietto Minerals 2 -13 2 -41 0.315 $ 145,979,345.92
HRZ Horizon 0 -13 5 -25 0.105 $ 62,477,272.00
TSC Twenty Seven Co. 0 -13 -50 -36 0.0035 $ 7,982,441.72
THR Thor Mining PLC 0 -13 -7 27 0.014 $ 7,323,295.08
DTM Dart Mining NL 0 -13 -38 -42 0.105 $ 10,494,274.98
GMR Golden Rim Resources -7 -13 -22 -46 0.007 $ 18,692,447.75
LCL Los Cerros Limited -4 -13 4 93 0.135 $ 84,498,257.70
BTR Brightstar Resources -7 -13 -37 -4 0.027 $ 11,873,270.63
MDI Middle Island Res 2 -13 -57 -77 0.1 $ 12,241,822.20
SLR Silver Lake Resource 1 -14 1 -40 1.3575 $ 1,212,895,947.33
PRS Prospech Limited -3 -14 -38 0 0.09 $ 5,866,290.45
SVL Silver Mines Limited 3 -15 -2 -21 0.205 $ 250,292,605.09
IDA Indiana Resources 0 -15 -34 32 0.058 $ 25,197,923.68
RML Resolution Minerals 5 -15 -4 -65 0.023 $ 10,296,631.12
CAZ Cazaly Resources -6 -15 10 7 0.046 $ 17,739,036.82
BBX BBX Minerals -11 -15 -30 -29 0.195 $ 89,314,187.63
SBM St Barbara Limited 3 -15 -21 -55 1.575 $ 1,104,933,811.80
GED Golden Deeps 0 -15 0 -31 0.011 $ 8,534,365.84
AGG AngloGold Ashanti 1 -15 -11 -43 4.58 $ 422,844,806.10
STK Strickland Metals 3 -16 71 -26 0.038 $ 41,064,054.15
RSG Resolute Mining 3 -16 -25 -59 0.46 $ 507,790,644.76
PKO Peako Limited 0 -16 17 -28 0.027 $ 8,945,168.93
RMS Ramelius Resources -2 -16 24 -30 1.4925 $ 1,233,356,182.35
CLA Celsius Resource 0 -16 -43 44 0.026 $ 27,227,930.11
RDS Redstone Resources 0 -17 -44 -50 0.01 $ 7,189,990.63
NAE New Age Exploration 0 -17 -17 0 0.01 $ 15,794,888.01
WWI West Wits Mining -1 -17 -25 188 0.0575 $ 86,575,568.63
TCG Turaco Gold Limited 4 -17 100 140 0.12 $ 40,187,468.40
GSM Golden State Mining -4 -17 -23 -62 0.12 $ 9,929,802.96
TAR Taruga Minerals -6 -18 0 -32 0.047 $ 24,578,880.29
NSM Northstaw -2 -18 -31 0.305 $ 12,800,000.00
XAM Xanadu Mines 0 -18 -45 -40 0.028 $ 35,253,057.00
KCC Kincora Copper -8 -18 0.185 $ 14,207,468.00
ALK Alkane Resources -2 -18 42 -16 0.95 $ 568,596,304.00
CY5 Cygnus Gold Limited 4 -19 -26 -41 0.13 $ 14,636,713.23
OAU Ora Gold Limited -6 -19 -26 -6 0.017 $ 14,315,618.77
AGC AGC 0 -20 -31 0.12 $ 8,127,274.08
BGL Bellevue Gold -10 -20 19 -16 0.855 $ 811,624,963.28
OBM Ora Banda Mining 21 -21 -53 -67 0.115 $ 90,557,308.97
STN Saturn Metals -4 -22 7 -51 0.39 $ 45,608,876.55
MRR Minrex Resources -13 -22 -44 -53 0.014 $ 8,372,055.83
E2M E2 Metals 2 -23 -29 33 0.265 $ 39,874,871.45
TLM Talisman Mining -3 -23 65 38 0.165 $ 31,726,825.45
LEX Lefroy Exploration 15 -24 -27 88 0.47 $ 55,904,470.16
S2R S2 Resources -4 -24 -24 -29 0.125 $ 48,110,605.43
MEI Meteoric Resources 6 -24 -46 -12 0.037 $ 49,479,786.94
AQI Alicanto Min -11 -25 4 -25 0.12 $ 37,819,758.02
NPM Newpeak Metals -25 -25 -50 -25 0.0015 $ 6,827,435.15
MLS Metals Australia -25 -25 -25 -25 0.0015 $ 8,454,376.09
BRV Big River Gold -2 -26 -18 -40 0.295 $ 64,735,523.34
AUT Auteco Minerals -2 -27 -10 -48 0.088 $ 148,378,925.30
WRM White Rock Min 5 -27 -44 -48 0.335 $ 47,013,704.76
GWR GWR Group -5 -40 -24 -3 0.2 $ 60,557,288.60
G50 Gold50Limited 9 0.25 $ 13,082,680.26

 

Biggest small cap gold winners: August

ARDIDEN (ASX:ADV)

Market Cap: $39m

Any ASX stock with exposure to lithium, including Ardiden, went mental earlier in the month.

The Canadian gold explorer recently inked a JV with Green Technology Metals (GTM) to explore and potentially develop ADV’s non-core lithium assets in Ontario.

GTM would progressively acquire up to 80% ownership of the lithium tenements for $9.2 million, subject to shareholder approval.

 

NEXUS MINERALS (ASX:NXM)

Market Cap: $38m

More high grade gold from the ‘Wallbrook’ project in WA, where new hits like 10m at 5.49g/t gold – which ended in mineralisation — follow on from some solid results earlier in August.

“These high-grade results from the Crusader prospect have again shown excellent continuity of mineralisation with broad, high-grade gold intersected,” managing director Andy Tudor says.

“With highly encouraging results from all holes in this RC drilling campaign, we are eagerly awaiting to see the geology and the potential mineralisation in the drilling from the diamond tails currently being drilled at Crusader.”

The drilling program now moves to the nearby Templar prospect where a 6,000m program is nearing completion.

Results from the initial 50% of the program are expected very soon, Nexus says.

 

ARUMA RESOURCES (ASX:AAJ)

Market Cap: $9m

Like Ardiden, Aruma’s main game is gold with a side of lithium.

The geology of its ‘Mt Deans’ project in WA is similar to the nearby Mt Marion (Mineral Resources (ASX:MIN)), Bald Hill and Buldania (Liontown Resources (ASX:LTR))  deposits, the company says.

While explorers love to make these sorts of comparisons, Aruma is going to test the theory with a maiden 12-hole drilling program in September.

 

AUSTRALASIAN GOLD (ASX:A8G)

Market Cap: $7m

Australasian Gold hit the bourse earlier this year with a focus on Queensland gold, but this share price gain was, once again, lithium related.

The stock has lodged a tenement application in the Mt Peake pegmatite district in Northern Territory.

The ground, which covers over 640sqkm and shares a boundary with Core Lithium’s (ASX:CXO) ‘Anningie’ lithium project, will be the focus on an upcoming field mapping campaign.

The post Gold Digger: Here are August’s top performing gold stocks appeared first on Stockhead.








Author: Reuben Adams

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Energy & Critical Metals

Pegasus Resources Expands Its Uranium Assets In Saskatchewan

Pegasus Resources Inc. (TSXV:PEGA) continues to make its presence in the prolific Athabasca Basin uranium camp with the recently announced
The post Pegasus…

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Pegasus Resources Inc. (TSXV:PEGA) continues to make its presence in the prolific Athabasca Basin uranium camp with the recently announced acquisition of three uranium properties at the northwest edge of the Basin. The 54,026 hectare properties comprising 13 mineral claims contain a cumulative total of 535,718 lbs of uranium, and significantly, includes a historic resource estimate of 202,200 tons at 0.119% U308 at an average width of 4.8 metres.

These new properties add to the previously announced Pine Channel uranium property which consists of six mineral claims covering 6,028 hectares and is located at the northern edge of the Athabasca basin, roughly 40 km west of the town of Stony Rapids. The Athabasca Basin in Northern Saskatchewan is host to several of the world’s largest and highest-grade uranium mines, including Cameco’s (TSX: CCO) McArthur River Mine and Cigar Lake Mine.

The Wollaston Northeast property is located in the 20A zone within the prolific Wollaston Domain, 45 kilometres northeast of the Eagle Point Uranium Mine. The property has at least eight known base metals showings and five previously documented uranium occurrences, and is considered highly prospective for basement hosted uranium mineralization.

Much of the recent renewed interest in uranium in the region is due to recent discoveries within the Wollaston Domain where the Eagle Point deposits are hosted within its basement rocks. In addition to the Eagle Point Mine, the area also hosts the historic Rabbit Lake Mine and Cameco/Orano Key Lake Mine, the world’s largest high-grade uranium mine.

The 12,397 hectare Bentley Lake Uranium Property consisting of three mineral claims, and is located 35 kilometres northeast of the edge of the Athabasca Basin, within a transition zone between the Wollaston and Mudjatic Domains. This trend is host to several major uranium deposits, including Cigar Lake, Roughrider, McArthur River and Midwest. It is located at the transition zone between the Wollaston and Mudjatik geological domains.

The third property is located approximately 40 kilometres northeast of the edge of the Athabasca Basin and within the Charlebois-Higginson Lake Uranium District. The 6,908 hectare Mozzie Lake Uranium Property consists of three mineral claims and has a historical resource estimate of 204,200 tons at 0.119% U308, with an average width of 4.8 metres, and containing 535,718 lbs of uranium. What makes the Mozzie Lake Property particularly compelling, aside from the historical resource estimate that Pegasus’s exploration efforts may be able to increase significantly, are the pegmatite deposits of the Charlebois-Higginson Lake Uranium District.

Since being initially explored from the 1940’s through to the 1960’s, there has been virtually no exploration on the property. Previous work in the region, as well as on the Pinkham Lake property at Mozzie Lake, indicated that the pegmatite deposits may also host mineralization which contains rare-earth-element bearing minerals. Rare earth minerals are in high demand today due to the needs of the various technology, consumer electronics, and electric vehicle manufacturing industries. PEGA plans to examine the property’s rare earth potential as part of its uranium exploration program at Mozzie Lake.

Pegasus will next review the historical data on the properties to determine an exploration strategy and work programs, and will provide shareholders with updates in the near future. The company’s recent announcements of the uranium assets have certainly rekindled interest in PEGA shares, and its market capitalization has increased by almost 50% to $7.98 million in recent weeks, signifying that investors are enthused about the direction management has taken.

PEGA last traded at $0.095 on the TSX Venture exchange.


FULL DISCLOSURE: Pegasus Resources is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Pegasus Resources on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

The post Pegasus Resources Expands Its Uranium Assets In Saskatchewan appeared first on the deep dive.

Author: Phil Gracin

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The Ethical Investor: ESG moves, lessons from the energy crisis and JP Equities’ stock tips

The Ethical Investor is Stockhead’s weekly look at ESG moves on the ASX. This week’s special guest is JP Equity … Read More
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The Ethical Investor is Stockhead’s weekly look at ESG moves on the ASX. This week’s special guest is JP Equity Partners’ director and partner, Nic Brownbill.

The world is in the grip of an ongoing global power crisis that has seen energy prices soaring by thousands of percentage points.

From China to Europe and now India, the cost of energy is surging drastically. The price of natural gas has even quadrupled in some parts of the world.

 

Source: IEA via Reuters

 

But economists are now warning this might be just the first of many power crunches the world will see as we transition into the new economy.

According to a research paper by CommBank’s analyst Vivek Dhar, there are two main root causes that led to the crisis — a strong demand recovery from the pandemic, and an acute shortage of two key power-producing fuels – natural gas and thermal coal.

As economies reopen, there is a sudden pent up demand from consumers which meant that factories were forced to switch on their production capacity at short notice. This was exacerbated by a colder than usual European autumn, as the continent potentially faces a more-freezing-than-usual winter season.

In China, the crisis mainly stemmed from an undersupply in local production of coals, according to Dhar, adding that coal supply has been hampered in China because of the government’s own environmental protection regulations.

So what can we learn from all this?

Dhar reckons that we are transitioning into the new economy too fast, too soon.

“What the recent energy crisis has shown is that the energy transition needs to be planned carefully,” Dhar wrote.

“This will mean significant investment in renewable generation, batteries, electricity grids and hydrogen.”

But he thinks the roll-out of a decarbonised grid and role of gas need to be clearly defined too.

“Under-investing in gas infrastructure relative to its role in coming years will only serve to make Europe’s energy market more vulnerable to prolonged gas shortages, and increase dependence on Russia.”

Like Europe, China’s decarbonisation ambition will need to be planned as well, Dhar said.

“If coal mines and coal power plants are closed before a renewable replacement is in place, power shortages in China could be an ongoing concern.”
 

What’s happening in Australia

Australians have chosen climate change as the top ESG priority, according to the latest survey conducted by global ESG consultant, SEC Newgate.

And more than half of the 1,000 Aussies surveyed said they were happy with the direction the government is taking on the environment.

ESG Rio
Source: Survey by SEC Newgate

 

Aussie respondents also nominated retailers Coles Group (ASX:COL) and Woolworths (ASX:WOW) as the top local companies when it came to doing well on ESG metrics.

These results should provide food for thought for PM Scott Morrison, who’s currently caught in a political wrangle with the Nationals in setting our 2050 climate goals.

The PM has told Liberal colleagues that he wants to bring a binding 2050 net zero commitment to the COP26 Summit in Glasgow next month, without having to upgrade Australia’s 2030 commitments.

Nationals Leader and also Deputy PM, Barnaby Joyce, said however that he was willing to back the 2050 targets only if funding for regional producers and farmers were made as part of the deal.
 

Special guest JP Equities’ Nic Brownbill shares his views and ESG stocks

Nic Brownbill, a partner at JP Equity, told Stockhead that decarbonisation is a mega global investment opportunity, one that JP Equity wants to be all in on.

How big is the potential for ESG investing?

“We see the whole decarbonisation theme as the next mega global investment opportunity. An estimated $41 trillion is required to decarbonise the planet. It’s going to be a bigger opportunity than the crypto market, because unlike cryptos, the carbon market is going to be mandated by governments, major asset managers and pension funds.”

Which segment of the ESG market do you see outperforming?

“Some companies will fall short in trying to make their carbon targets, so the balance will need to be met with carbon credits. I think carbon emissions will eventually be metricated, and the carbon offset market is going to be a way for major companies to offset their emissions.”

Would that investment opportunity catch on in Australia?

“I believe the Australian market hasn’t really caught on to the opportunity of this yet. But I think something will really start to emerge from the COP26 conference in November, where you’ll see a sustained mega theme starting to unfold in this country.

“I think we will start to see a complete emergence of Australian companies in the carbon space over the next few months and beyond.”

What are the ASX stocks that JP Equity likes in the carbon credit space?

One ASX stock that we’ve been watching very closely is  Fertoz (ASX:FTZ). They’re a leading North American fertiliser manufacturer that produces a unique low-emission rock phosphate product that increases crop yield by 15%.

“Importantly, it can generate significantly lower CO2 emissions in manufacturing compared with other commercial fertilisers.

“This presents a really significant opportunity because agriculture as a sector accounts for 24% of all human generated greenhouse emissions. Fertoz is one of the first movers in the carbon credit market, and since May this year has been issuing carbon offset credit certificates.

“It’s not a matter of if, but when disclosure of carbon emissions will become metricated. And as a result, Fertoz is getting some strong enquiries from other companies looking to offset their footprints by buying carbon credits.”

Any other ASX stocks you like in the ESG space?

“We’re also bullish on Mpower (ASX:MPR). The company is Australia’s leading specialist in renewable energy, battery storage and micro-grid business. It has a focus on five megawatt solar farms, and is in the process of creating an initial portfolio of 20 sites across Australia in the coming years.

“That gives them an aggregate capacity of around 100 megawatts, and an estimated value of more than $150 million. It’s now down to what the team can deliver in some of those projects to build up the portfolio.”

 

Notable ASX ESG-related news during the week

Rio Tinto (ASX:RIO)

The energy giant announced that it was targeting a 50% reduction in Scope 1 and 2 emissions by 2030, and a 15% reduction by 2025 from a 2018 baseline of 32.6Mt.

Around $7.5 billion in direct capital expenditure will be spent on decarbonising Rio Tinto’s assets from 2022 to 2030, including $0.5 billion per year from 2022 to 2024.

Strandline Resources (ASX:STA)

The company released its Sustainability Report for 2021, outlining its commitment to the United Nations Sustainable Development Goals (UNSDGs).

STA said it’s focused on managing development risks at its Coburn project in WA to safeguard workers and ensure environmental compliance.

Lithium Power (ASX:LPI)

The company has appointed global consulting firm Deloitte to ensure a robust ESG program at its Maricunga project in Chile.

Deloitte has been tasked to imbed sustainable protocols in LPI’s lithium extraction operations, and to establish ambitious standards for LPI to become a carbon neutral producer, while keeping high standards on the social aspects.

Jadar Resources (ASX:JDR)

The company also said it has completed its maiden Sustainability Plan, with strategies aligned to the UNSDGs.

 

The views, information, or opinions expressed in the interview in this article are solely those of the interviewee and do not represent the views of Stockhead.

Stockhead has not provided, endorsed or otherwise assumed responsibility for any financial product advice contained in this article.

The post The Ethical Investor: ESG moves, lessons from the energy crisis and JP Equities’ stock tips appeared first on Stockhead.




Author: Eddy Sunarto

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Emerita Sees Continued Success In Spain

Emerita Resources Corp (TSXV:EMO) continues to report excellent results from the Infanta drill program at its Iberia Belt West Project
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Emerita Resources Corp (TSXV:EMO) continues to report excellent results from the Infanta drill program at its Iberia Belt West Project in Spain, which hosts three previously identified high-grade deposits: La Infanta, Romanera and El Cura. These are all open for expansion along strike and at depth.

On October 22, the company announced assays for the first step-out drill hole from the Infanta drill program and also the final in-fill drill holes. The significance of the in-fill program was to verify the historical drill results. They will now enable a proper 3D modelling of the deposit and will also provide additional data to be used for future metallurgical testing.

At Infanta, the step-out was conducted to expand the outer perimeter of the deposit, and the in-fill drilling was intended to confirm historical drill data within Infanta’s known mineralization zone. Step-out drill hole IN018 was drilled 40 metres to the west of the historical limits of the deposit and intersected 8.2 metres with a grade of 2.5% copper, 8.7% lead, 17.3% zinc, 223.5 g/t silver and 0.5 g/t gold. A second step-out hole was drilled 50 metres to the west of hole IN018 and intersected two zones of massive sulfide but assays have not been returned yet.

In-fill drill hole IN014 intersected 5.7 metres of 2.4% copper, 7.3 %lead, 13.4% zinc, 225 g/t silver and 0.6 g/t gold. The ongoing geophysical survey, which was suspended along with other exploration activities for the region’s hunting season, is expected to resume by the end of October.

Emerita plans to have five drill rigs operating by the end of 2021 and will include the Romanera deposit, El Cura, and other targets identified by previous geophysics work. The two drills currently on site will now focus on step-out drilling to increase the size of the deposit.

Emerita also recently provided investors with an update on the legal proceedings for the Aznalcóllar Project and the company is expecting a ruling by the Administrative Court of Andalucia in Emerita’s favour in the near future.

The Aznalcóllar Zinc Project is located in the prolific Iberian Pyrite Belt in the Andalusia region of southern Spain and is considered to be one of the world’s largest and most productive volcanogenic massive sulfide (VMS) structures. It has been mined for over a thousand years and has produced over 2000 million tons of ore.

Aznalcóllar is considered to be one of the world’s top undeveloped zinc deposits, and the project is essentially a world-class pre-production development asset. Here, the main deposit is referred to as Los Frailes, which contains a historical open pit mineral resource. Two other deposits exist on the property as well, which require further development. The Los Frailes mine operated during the 1990s until it closed due to a combination of tailings-related environmental failure and low metal prices.

After the Aznalcóllar site was rehabilitated, the government initiated a public tender process for the rights to the project and it was initially awarded to another major mining company, however Emerita believed that their bid was superior. It subsequently requested an investigation into the tender process for the property and filed a lawsuit in 2015.

In early 2021, the Spanish court concluded that the process was fraught with corruption, fraud and other malfeasance and rescinded the rights that were awarded and criminal charges were sought for the perpetrators and their enablers. In July 2021, a Spanish judge issued additional criminal indictments against the mining company and government officials who participated in undermining the public tender process for the project.

Under Spanish law, if a crime was committed during the tender process, the rights are then awarded to the next best qualified competing bid, which in this case was Emerita. Subsequently, Emerita has been waiting for the Administrative Court to conclude the process to formally award the rights to the Aznalcóllar Project to the company, which brings us to present day.

The company is planning to develop the deposit into an underground mining operation focused on mining the high-grade zones, which are estimated to contain 20 million tonnes at a grade of 6.65% zinc, 3.87% lead, 0.29% copper and 84 ppm silver. As a requirement of the project’s public tender process, Emerita submitted comprehensive. engineering, environmental and water management studies to the government, and now the company is expecting to be given the green light to proceed developing the Aznalcóllar project into an eventual producer.

Emerita is well financed, having completed a $20 million bought deal private placement in July 2021. Emerita has 182.42 million shares outstanding and due to the recent increase in the Company’s share price, a market capitalization now of $556.38 million. Even so, barring any unforeseen negative developments regarding the legal issues, Emerita Resources Corp still appears to be potentially undervalued relative to the potential value of the world-class assets it is developing.

Shares of Emerita Resources Corp last traded at $3.05.


FULL DISCLOSURE: Emerita Resources is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Emerita Resources on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

The post Emerita Sees Continued Success In Spain appeared first on the deep dive.







Author: Phil Gracin

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