Following a 7.6% surge from late September, the price of gold is now sitting ~$US1,860/oz for the first time since June.
The Aussie price is looking even better, which is great news for our local producers:
Prices are now sitting at the same level they were a year ago, and bulls expected them to go much higher from here.
For the short-term Edward Moya, senior market analyst at OANDA says that gold is once again stuck in “wait-and-see Fed mode” and that could remain the case till the end of the year.
“Gold prices need a fresh catalyst after a wave of monetary policy decisions showed a diverging view of how central banks are battling inflation,” he says.
“Rising concerns of growing restrictive measures in Europe could lead to short-term growth concerns that have yet to boost bullion. Gold may consolidate between the $US1850 and $US1880 level until Wall Street gets a better handle on where risk appetite is going next.”
(Which is still very good. At these prices all half-decent producers are making great coin.)
The share prices of “universally” undervalued gold stocks are already beginning to react positively.
The major gold producers on the ASX are in a definitive upward trend over the past month, led by Northern Star (ASX:NST) +10%, Evolution Mining (ASX:EVN) +15%, Silver Lake Resources (ASX:SLR) +13%, Ramelius Resources (ASX:RMS) +13%, and Gold Road Resources (ASX:GOR) +19%.
The only large cap in negative territory is Regis Resources (ASX:RRL).
Large cap gold stocks
Overall, sentiment has improved with 125 gold stocks going up, 106 going down, and 30 staying the same over the past month.
Winners & Losers
Here’s how ASX-listed gold & silver stocks are performing:
Scroll or swipe to reveal table. Click headings to sort. Best viewed on a laptop
>>> Stocks missing from this list? Email [email protected]
|CODE||COMPANY||1 WEEK RETURN %||1 MONTH RETURN %||6 MONTH RETURN %||1 YEAR RETURN %||PRICE||MARKET CAP|
|LCY||Legacy Iron Ore||79||61||67||257||0.025||$ 179,332,678.48|
|HAW||Hawthorn Resources||64||67||84||-14||0.09||$ 33,351,561.30|
|NPM||Newpeak Metals||50||50||-25||-50||0.0015||$ 11,055,152.65|
|KWR||Kingwest Resources||36||41||109||3||0.19||$ 45,905,999.75|
|TLM||Talisman Mining||32||28||-24||54||0.185||$ 35,670,504.43|
|SMI||Santana Minerals||28||22||122||46||0.3||$ 38,464,813.52|
|NMR||Native Mineral Resources||25||18||-7||35||0.275||$ 7,590,875.00|
|BAT||Battery Minerals||23||14||-24||-36||0.016||$ 31,548,038.00|
|MVL||Marvel Gold||23||23||69||35||0.081||$ 48,549,423.06|
|AWJ||Auric Mining||22||12||-10||0.14||$ 7,569,363.20|
|LNY||Laneway Resources||20||20||20||-14||0.006||$ 23,424,395.60|
|MTH||Mithril Resources||18||33||18||-26||0.02||$ 49,024,427.78|
|CXU||Cauldron Energy||17||-13||-20||-38||0.028||$ 14,247,515.27|
|OKU||Oklo Resources||15||29||15||-31||0.155||$ 80,644,769.92|
|DEX||Duke Exploration||15||12||-37||-34||0.235||$ 21,199,620.72|
|VMC||Venus Metals||14||8||18||-15||0.2||$ 30,971,130.02|
|OAU||Ora Gold||14||6||-32||-32||0.016||$ 13,473,523.55|
|GNM||Great Northern||14||0||-50||-56||0.008||$ 9,672,407.81|
|CY5||Cygnus Gold Limited||13||38||38||-5||0.18||$ 20,371,393.18|
|DDD||3D Resources Limited||13||13||13||-9||0.0045||$ 17,461,674.41|
|MBK||Metal Bank Ltd||13||5||-6||-14||0.009||$ 10,701,614.74|
|RDN||Raiden Resources Ltd||13||4||4||-21||0.027||$ 33,007,855.30|
|MM8||Medallion Metals.||12||5||-12||0.23||$ 18,218,269.35|
|IDA||Indiana Resources||12||12||-21||-14||0.065||$ 26,501,264.56|
|LRL||Labyrinth Resources||12||34||-10||96||0.047||$ 40,869,376.35|
|AYM||Australia United Min||11||0||11||0||0.01||$ 18,425,774.85|
|AUC||Ausgold Limited||11||16||9||-11||0.051||$ 80,852,826.59|
|IPT||Impact Minerals||11||3||-3||-33||0.0155||$ 30,356,923.79|
|NVA||Nova Minerals Ltd||11||0||15||-30||0.155||$ 279,315,821.34|
|TRM||Truscott Mining Corp||10||0||23||60||0.032||$ 4,862,129.41|
|DRE||Drednought Resources||10||35||87||73||0.0485||$ 135,929,381.86|
|NXM||Nexus Minerals Ltd||10||20||479||244||0.55||$ 144,291,227.54|
|AME||Alto Metals Limited||10||10||10||5||0.11||$ 51,779,869.64|
|SBR||Sabre Resources||10||10||10||-45||0.0055||$ 9,291,225.07|
|KZR||Kalamazoo Resources||10||3||-16||-38||0.385||$ 51,817,702.09|
|TTM||Titan Minerals||10||0||-4||-8||0.11||$ 153,044,484.78|
|WMC||Wiluna Mining Corp||10||11||13||-33||1.15||$ 182,062,186.75|
|PDI||Predictive Disc Ltd||9||42||185||292||0.2625||$ 375,117,218.30|
|RND||Rand Mining Ltd||9||-3||6||-26||1.53||$ 87,020,220.33|
|RMX||Red Mount Min Ltd||9||33||20||-20||0.012||$ 17,573,499.62|
|SI6||SI6 Metals Limited||9||9||0||20||0.012||$ 17,137,727.82|
|FAU||First Au Ltd||9||0||-40||-45||0.012||$ 9,219,431.28|
|PRX||Prodigy Gold NL||9||9||-26||-31||0.037||$ 21,557,221.42|
|FML||Focus Minerals Ltd||9||11||-3||-18||0.31||$ 55,738,312.33|
|ASO||Aston Minerals Ltd||9||-7||-19||172||0.125||$ 124,045,665.77|
|ARL||Ardea Resources Ltd||9||10||10||18||0.505||$ 66,256,425.12|
|PKO||Peako Limited||8||18||-40||-4||0.026||$ 7,711,352.53|
|GED||Golden Deeps||8||8||18||-7||0.013||$ 9,310,217.28|
|GSR||Greenstone Resources||8||-13||29||-31||0.027||$ 21,710,124.60|
|CLA||Celsius Resource Ltd||8||4||-40||-30||0.028||$ 30,369,614.35|
|RVR||Red River Resources||8||-9||-2||-25||0.215||$ 111,469,864.92|
|EMR||Emerald Res NL||7||9||14||88||1.11||$ 559,205,969.60|
|MML||Medusa Mining Ltd||7||9||3||5||0.84||$ 176,692,305.85|
|RDS||Redstone Resources||7||45||14||23||0.016||$ 11,503,985.01|
|TRN||Torrens Mining||7||0||14||0.16||$ 10,101,416.01|
|BRB||Breaker Res NL||7||37||119||119||0.405||$ 133,594,780.89|
|BC8||Black Cat Syndicate||7||21||-8||-12||0.65||$ 87,300,842.82|
|CYL||Catalyst Metals||6||5||12||-21||2.17||$ 206,421,018.30|
|GOR||Gold Road Res Ltd||6||19||16||25||1.635||$ 1,463,788,068.06|
|BNR||Bulletin Res Ltd||6||4||14||0||0.076||$ 19,992,375.85|
|KCN||Kingsgate Consolid.||5||-12||59||93||1.445||$ 324,234,463.65|
|MDI||Middle Island Res||5||-16||-1||-70||0.097||$ 11,262,476.42|
|SVY||Stavely Minerals Ltd||5||1||-19||-44||0.505||$ 134,395,147.78|
|WRM||White Rock Min Ltd||5||-8||-37||-35||0.305||$ 44,164,389.32|
|SFR||Sandfire Resources||5||1||-16||50||6.07||$ 2,480,390,452.65|
|HRN||Horizon Gold Ltd||5||0||0||8||0.42||$ 38,942,585.84|
|TBR||Tribune Res Ltd||5||-2||-5||-25||5||$ 264,439,108.08|
|EVN||Evolution Mining Ltd||5||15||-19||-23||4.35||$ 8,064,932,673.60|
|MRR||Minrex Resources Ltd||5||35||-12||5||0.023||$ 13,440,902.27|
|MAU||Magnetic Resources||4||7||20||46||1.66||$ 362,167,993.40|
|ARV||Artemis Resources||4||-7||-7||-22||0.098||$ 111,694,790.94|
|STK||Strickland Metals||4||-17||178||-24||0.075||$ 87,609,038.51|
|CAI||Calidus Resources||4||8||50||11||0.645||$ 260,063,925.55|
|GBZ||GBM Rsources Ltd||4||-10||8||-24||0.13||$ 65,885,209.91|
|ERM||Emmerson Resources||4||14||5||-1||0.08||$ 39,859,079.12|
|GBR||Greatbould Resources||4||-34||59||192||0.145||$ 50,013,013.26|
|RMS||Ramelius Resources||3||13||-6||-2||1.785||$ 1,514,774,728.80|
|GTR||Gti Resources||3||-6||29||62||0.03||$ 33,863,436.84|
|BDC||Bardoc Gold Ltd||3||-4||-10||-16||0.065||$ 116,362,744.19|
|AGS||Alliance Resources||3||-11||3||-12||0.17||$ 33,282,741.44|
|TBA||Tombola Gold Ltd||3||-13||-30||-15||0.035||$ 24,674,627.90|
|SNG||Siren Gold||3||-1||57||-35||0.36||$ 30,711,557.33|
|RXL||Rox Resources||3||1||-25||-53||0.385||$ 63,043,045.60|
|VKA||Viking Mines Ltd||2||5||-38||28||0.021||$ 20,425,168.62|
|M24||Mamba Exploration||2||13||-7||0.215||$ 7,585,000.00|
|GIB||Gibb River Diamonds||2||7||32||-46||0.087||$ 19,035,850.05|
|AOP||Apollo Consolidated||2||26||118||111||0.655||$ 191,740,537.93|
|HCHDA||Hot Chili Ltd||2||-4||16||-10||2.2||$ 195,819,568.00|
|TIE||Tietto Minerals||2||-5||48||17||0.445||$ 206,423,044.90|
|KAU||Kaiser Reef||2||-2||-22||-43||0.23||$ 26,320,453.51|
|AGG||AngloGold Ashanti||2||8||-12||-15||5.51||$ 505,808,027.55|
|BMO||Bastion Minerals||2||-2||29||0.275||$ 19,746,171.50|
|CHN||Chalice Mining Ltd||2||44||24||172||10.19||$ 3,599,059,908.80|
|RED||Red 5 Limited||2||2||50||12||0.285||$ 671,562,785.82|
|PF1||Pathfinder Resources||2||-14||-10||63||0.285||$ 15,139,487.85|
|AXE||Archer Materials||2||-2||128||174||1.575||$ 395,947,531.20|
|DEG||De Grey Mining||2||0||-15||11||1.265||$ 1,821,318,464.88|
|SAU||Southern Gold||2||2||-22||-43||0.066||$ 14,079,697.90|
|WGX||Westgold Resources.||1||9||0||-10||2.15||$ 931,836,603.54|
|MZZ||Matador Mining Ltd||1||-7||-6||5||0.385||$ 83,679,958.83|
|ADT||Adriatic Metals||1||1||8||25||2.775||$ 651,621,048.40|
|AAR||Anglo Australian||1||10||-2||-40||0.09||$ 53,656,131.51|
|PNM||Pacific Nickel Mines||1||-31||85||85||0.1||$ 25,727,503.10|
|SLR||Silver Lake Resource||1||13||-6||-2||1.8425||$ 1,668,972,012.31|
|FFR||Firefly Resources||0||28||9||-34||0.12||$ 41,108,742.96|
|MLS||Metals Australia||0||25||25||25||0.0025||$ 10,477,114.72|
|CDR||Codrus Minerals Ltd||0||23||0.16||$ 6,400,000.00|
|BYH||Bryah Resources Ltd||0||12||-18||-24||0.058||$ 13,346,223.33|
|SFM||Santa Fe Minerals||0||11||-8||-26||0.089||$ 6,480,872.22|
|GMR||Golden Rim Resources||0||11||-33||-52||0.1||$ 24,469,148.50|
|WCN||White Cliff Min Ltd||0||8||-13||-58||0.013||$ 6,723,553.19|
|WAF||West African Res Ltd||0||3||31||43||1.385||$ 1,443,614,095.55|
|TAM||Tanami Gold NL||0||3||-8||-5||0.073||$ 84,606,987.31|
|DGO||DGO Gold Limited||0||1||-18||-7||2.92||$ 248,331,216.54|
|ZNC||Zenith Minerals Ltd||0||0||-15||81||0.235||$ 76,093,976.43|
|VAN||Vango Mining Ltd||0||0||-8||-18||0.06||$ 74,336,320.29|
|ANL||Amani Gold Ltd||0||0||33||100||0.002||$ 36,851,128.21|
|PUR||Pursuit Minerals||0||0||-43||169||0.035||$ 32,795,487.06|
|TRY||Troy Resources Ltd||0||0||-26||-63||0.037||$ 30,073,993.35|
|CTO||Citigold Corp Ltd||0||0||-17||-29||0.01||$ 28,336,590.91|
|PNX||PNX Metals Limited||0||0||-13||-13||0.007||$ 25,565,354.58|
|CGN||Crater Gold Min Ltd||0||0||-6||-26||0.017||$ 20,867,429.74|
|NAE||New Age Exploration||0||0||-42||-21||0.011||$ 15,794,888.01|
|KGM||Kalnorth Gold Ltd||0||0||0||0||0.013||$ 11,625,120.78|
|ALY||Alchemy Resource Ltd||0||0||-30||-30||0.013||$ 10,923,956.10|
|MOH||Moho Resources||0||-2||-26||-53||0.059||$ 7,420,748.72|
|OZM||Ozaurum Resources||0||-3||0||0.15||$ 8,582,400.00|
|TAR||Taruga Minerals||0||-4||-48||-2||0.047||$ 23,554,760.28|
|NES||Nelson Resources.||0||-5||-47||-40||0.039||$ 7,577,395.61|
|KTA||Krakatoa Resources||0||-6||-12||-25||0.059||$ 16,798,465.27|
|VRC||Volt Resources Ltd||0||-7||-18||211||0.028||$ 76,785,537.50|
|ICG||Inca Minerals Ltd||0||-7||0||141||0.13||$ 62,522,839.21|
|SLZ||Sultan Resources Ltd||0||-8||-41||-33||0.165||$ 11,820,846.13|
|ZAG||Zuleika Gold Ltd||0||-9||-50||-66||0.021||$ 8,611,960.83|
|AL8||Alderan Resource Ltd||0||-9||-35||-65||0.039||$ 17,022,643.20|
|E2M||E2 Metals||0||-9||-25||-72||0.24||$ 36,113,091.12|
|GMN||Gold Mountain Ltd||0||-10||-51||-51||0.019||$ 20,332,834.23|
|EMU||EMU NL||0||-11||-44||-56||0.025||$ 13,745,362.10|
|KCC||Kincora Copper||0||-12||-63||0.145||$ 11,010,542.85|
|RML||Resolution Minerals||0||-14||-25||-56||0.018||$ 12,470,965.38|
|AGC||AGC Ltd||0||-15||-33||0.11||$ 7,450,001.24|
|AGC||AGC Ltd||0||-15||-33||0.11||$ 7,450,001.24|
|ADN||Andromeda Metals Ltd||0||-19||-13||-41||0.17||$ 422,233,597.82|
|BBX||BBX Minerals Ltd||0||-23||-44||-53||0.155||$ 68,703,221.25|
|HMX||Hammer Metals Ltd||0||-23||-55||22||0.05||$ 40,674,731.15|
|SRN||Surefire Rescs NL||0||-27||-56||-66||0.011||$ 12,147,414.50|
|GWR||GWR Group Ltd||0||-36||-62||-30||0.105||$ 31,792,576.52|
|ANX||Anax Metals Ltd||-1||-10||1||106||0.099||$ 34,668,205.11|
|ALK||Alkane Resources Ltd||-1||0||6||-8||0.93||$ 565,804,249.00|
|YRL||Yandal Resources||-1||-4||-34||-3||0.44||$ 44,786,779.40|
|TSO||Tesoro Resources Ltd||-1||-13||-56||-74||0.084||$ 45,816,571.04|
|AUT||Auteco Minerals||-1||-7||-16||-32||0.078||$ 133,366,135.94|
|KRM||Kingsrose Mining Ltd||-1||37||25||106||0.074||$ 51,830,521.99|
|BCN||Beacon Minerals||-2||-2||-10||-4||0.0325||$ 116,715,949.74|
|LCL||Los Cerros Limited||-2||9||-18||13||0.1475||$ 95,421,203.25|
|REZ||Resourc & En Grp Ltd||-2||19||68||-12||0.057||$ 27,989,124.18|
|RRL||Regis Resources||-2||-7||-21||-43||2.1||$ 1,607,673,514.74|
|TNR||Torian Resources Ltd||-2||-24||-53||-35||0.0235||$ 26,107,334.69|
|MEU||Marmota Limited||-2||-4||-2||-6||0.044||$ 44,103,659.22|
|CST||Castile Resources||-2||-4||-24||-21||0.22||$ 43,936,226.62|
|A1G||African Gold Ltd.||-2||-7||2||60||0.215||$ 25,565,720.52|
|AAJ||Aruma Resources Ltd||-2||-6||41||-22||0.082||$ 10,328,843.25|
|NAG||Nagambie Resources||-3||4||4||66||0.078||$ 39,994,587.68|
|OBM||Ora Banda Mining Ltd||-3||-20||-67||-74||0.078||$ 75,989,511.39|
|CMM||Capricorn Metals||-3||6||49||70||2.845||$ 1,051,667,429.72|
|PRS||Prospech Limited||-3||6||-48||0||0.075||$ 4,888,575.38|
|MKR||Manuka Resources.||-3||1||-11||-19||0.375||$ 38,059,148.63|
|NST||Northern Star||-3||10||-10||-28||10.33||$ 12,216,771,477.51|
|GSN||Great Southern||-3||-8||31||-20||0.068||$ 34,387,628.56|
|CEL||Challenger Exp Ltd||-3||14||10||65||0.33||$ 326,430,842.38|
|DTM||Dart Mining NL||-3||-19||-33||-46||0.097||$ 12,075,620.21|
|THR||Thor Mining PLC||-3||-14||-23||-18||0.0155||$ 9,977,798.16|
|POL||Polymetals Resources||-3||0||0.145||$ 5,714,358.36|
|CDT||Castle Minerals||-3||75||133||133||0.028||$ 24,621,650.23|
|AQI||Alicanto Min Ltd||-3||8||17||-3||0.14||$ 47,685,781.85|
|GRL||Godolphin Resources||-3||-7||-18||-45||0.14||$ 11,775,577.94|
|STN||Saturn Metals||-4||26||32||-26||0.54||$ 62,195,380.50|
|IVR||Investigator Res Ltd||-4||15||-18||18||0.077||$ 103,267,835.35|
|ADV||Ardiden Ltd||-4||4||25||-50||0.0125||$ 25,840,024.27|
|G88||Golden Mile Res Ltd||-4||4||-19||-9||0.05||$ 8,550,916.40|
|MGV||Musgrave Minerals||-4||1||-3||-11||0.375||$ 206,811,585.37|
|FFX||Firefinch Ltd||-4||5||55||371||0.6825||$ 638,059,266.68|
|QML||Qmines Limited||-4||3||-10||0.37||$ 20,101,472.48|
|NWM||Norwest Minerals||-4||-12||-17||-30||0.073||$ 13,364,938.35|
|DTR||Dateline Resources||-4||-2||16||74||0.087||$ 38,100,062.69|
|CAZ||Cazaly Resources||-4||-9||-20||-2||0.043||$ 15,891,220.48|
|BGL||Bellevue Gold Ltd||-5||9||7||-31||0.945||$ 999,128,995.24|
|MKG||Mako Gold||-5||-5||0||0||0.105||$ 40,135,368.21|
|GSM||Golden State Mining||-5||-5||-13||-56||0.105||$ 8,308,798.50|
|AWV||Anova Metals Ltd||-5||-9||0||-29||0.02||$ 30,094,978.20|
|AMI||Aurelia Metals Ltd||-5||3||-1||-8||0.395||$ 494,196,502.40|
|ARN||Aldoro Resources||-5||23||44||206||0.49||$ 44,256,794.50|
|S2R||S2 Resources||-5||113||19||-28||0.19||$ 71,274,971.00|
|AAU||Antilles Gold Ltd||-5||-1||9||19||0.076||$ 23,104,377.04|
|MEI||Meteoric Resources||-5||-28||-67||-69||0.018||$ 26,321,247.70|
|TMZ||Thomson Res Ltd||-5||-24||-53||-41||0.071||$ 39,435,911.13|
|PUA||Peak Minerals Ltd||-6||6||-15||-29||0.017||$ 15,135,144.54|
|DLC||Delecta Limited||-6||23||167||129||0.016||$ 19,278,539.28|
|GUL||Gullewa Limited||-6||-1||-8||-33||0.08||$ 15,229,848.00|
|DCN||Dacian Gold Ltd||-6||-6||-31||-34||0.235||$ 222,508,900.92|
|SVL||Silver Mines Limited||-6||7||-23||2||0.23||$ 297,121,392.89|
|PGD||Peregrine Gold||-6||-21||12||0.38||$ 12,767,542.10|
|AZS||Azure Minerals||-6||7||27||-55||0.375||$ 120,796,931.19|
|MAT||Matsa Resources||-7||-3||-31||-55||0.056||$ 20,056,658.72|
|MXR||Maximus Resources||-7||-17||-11||-58||0.07||$ 22,250,762.24|
|SBM||St Barbara Limited||-7||1||-18||-41||1.535||$ 1,124,600,372.67|
|CWX||Carawine Resources||-7||0||-26||-32||0.195||$ 26,541,863.99|
|RSG||Resolute Mining||-8||-7||-33||-48||0.42||$ 480,193,327.11|
|A8G||Australasian Gold||-8||-32||261||0.595||$ 24,873,263.69|
|OKR||Okapi Resources||-8||-20||143||137||0.45||$ 52,645,511.22|
|AZL||Arizona Lithium Ltd||-8||108||267||900||0.11||$ 213,780,195.97|
|GML||Gateway Mining||-8||-8||-34||-18||0.0165||$ 36,968,912.82|
|RDT||Red Dirt Metals Ltd||-9||-1||377||114||0.74||$ 96,413,658.95|
|SPQ||Superior Resources||-9||54||82||33||0.02||$ 30,761,542.82|
|DCX||Discovex Res Ltd||-9||0||-17||-17||0.005||$ 12,843,320.38|
|CBY||Canterbury Resources||-9||-5||6||-5||0.1||$ 12,019,853.00|
|MHC||Manhattan Corp Ltd||-9||-17||-29||-71||0.01||$ 15,262,786.93|
|BMR||Ballymore Resources||-9||-20||0||0||0.2||$ 14,295,616.20|
|CHZ||Chesser Resources||-9||12||12||-42||0.145||$ 69,824,418.75|
|TSC||Twenty Seven Co. Ltd||-10||-10||13||-31||0.0045||$ 11,973,662.57|
|LEX||Lefroy Exploration||-10||-19||-65||64||0.36||$ 49,452,308.64|
|ICL||Iceni Gold||-10||-26||13||0.215||$ 26,351,598.46|
|SKY||SKY Metals Ltd||-11||-6||-47||-61||0.085||$ 32,026,594.95|
|TMX||Terrain Minerals||-11||0||-33||-38||0.008||$ 5,886,088.07|
|SIH||Sihayo Gold Limited||-11||-11||-38||-64||0.008||$ 29,483,691.30|
|BRV||Big River Gold Ltd||-13||11||-41||-40||0.245||$ 52,666,188.48|
|AQX||Alice Queen Ltd||-13||5||-34||-64||0.0105||$ 13,702,230.10|
|TCG||Turaco Gold Limited||-13||-3||100||100||0.14||$ 47,455,333.94|
|MTC||Metalstech Ltd||-13||-34||163||82||0.275||$ 48,332,731.10|
|BTR||Brightstar Resources||-13||2||60||-38||0.048||$ 25,807,734.30|
|EM2||Eagle Mountain||-13||-28||-51||69||0.575||$ 135,698,152.59|
|AVW||Avira Resources Ltd||-14||0||-14||-25||0.006||$ 12,031,530.00|
|TG1||Techgen Metals Ltd||-14||-5||-16||0.21||$ 8,283,688.78|
|NML||Navarre Minerals Ltd||-14||-21||-40||-68||0.078||$ 53,743,855.63|
|HXG||Hexagon Energy||-15||15||-1||72||0.098||$ 43,263,341.22|
|KSN||Kingston Resources||-15||0||-13||-23||0.2||$ 57,230,911.40|
|MRZ||Mont Royal Resources||-16||6||12||15||0.38||$ 14,393,151.70|
|WWI||West Wits Mining Ltd||-16||-24||-59||-59||0.0335||$ 50,315,828.00|
|ENR||Encounter Resources||-17||-26||23||-8||0.15||$ 49,097,261.07|
|AM7||Arcadia Minerals||-17||8||0.215||$ 7,524,000.00|
|XTC||Xantippe Res Ltd||-18||80||125||125||0.0045||$ 20,382,822.01|
|KAI||Kairos Minerals Ltd||-20||-8||-8||-30||0.0295||$ 48,628,936.40|
|PAK||Pacific American Hld||-22||0||-4||-23||0.018||$ 7,513,910.21|
Weekly Small Cap Standouts
Emerging producer Pantoro has hit high grade PGEs in a maiden step out (extensional) drilling program at the ‘Lamboo’ prospect, ~5km south of the ~36,000oz Nicolsons gold mine.
These new results – like 100m at 1.1g/t Pt +Pd +Au (3E) from surface – include a significant palladium component, the company says.
“The Lamboo PGE deposit is rapidly shaping up as an outstanding discovery on the doorstep of our Halls Creek gold operations,” managing director Paul Cmrlec says.
“Drilling to date has revealed a remarkably consistent deposit with large mineralisation widths commencing from surface over a long strike length.
“Pantoro will advance mapping and surface sampling of the deposit throughout the wet season ahead of a large drilling campaign planned to commence as soon as seasonal weather conditions allow good access.”
The fully unhedged producer had $55.4 million cash and gold at 31 October 2021.
It’s ‘Norseman’ gold project, currently under construction, is expected to produce an average of 108,000oz a year over an initial 7 years, peaking at 119,000oz in year three.
It boasts impressive project cashflows of $486 million (pre-tax) and IRR 92% (pre-tax) at A$2,600 gold price, the company says.
KWR is enjoying a very solid run over the past ~4 months.
In mid-September it announced a gold discovery under a WA salt lake called ‘Goongarrie’.
Exploring for gold underneath salt lakes is tough, which is probably why so many remain underexplored — regardless of how prospective they are.
New drilling results have confirmed the “huge potential of the so-called ‘Sir Laurence’ prospect.
“These excellent results including 28m @ 1.9 g/t Au from 20m in follow up drilling at Sir Laurence, are very significant in that they are 800m south of, and along strike of, the discovery Line 5 but mineralisation is at a much shallower depth and includes bedrock mineralisation,” CEO Ed Turner says.
“Significant bedrock mineralisation has also been intersected on Lines B and C.”
“This reinforces our interpretation of Sir Laurence as having the potential to be a large mineralised system. Line A is the first line of drilling within the current program, and we eagerly anticipate results from all of the remaining drill holes within the Sir Laurence Prospect.”
Last month, KWR joined forces with known mine developer FMR Investments to restart mining at the high grade, +80,000oz Yunndaga underground deposit, part of the flagship Menzies gold project in WA.
The 40% KWR, 60% FMR profit share JV will see FMR pay $1m to KWR, plus cover all capital costs and be responsible for all mining, haulage, and processing through its mill in Coolgardie.
The JV will cover 180,000 gold ounces or 5 years from the commencement of mining (whichever occurs first).
“This is expected to be the first of a number of mining operations at Menzies and to deliver attractive short and medium-term cash inflow to KWR,” Turner says.
The post Gold Digger: These cheap gold stocks might not last long appeared first on Stockhead.
These 18 ASX resources IPOs are due to list in December. EIGHTEEN.
It’s like an advent calendar for mining and exploration IPOs, except instead of factory floor chocolate you get gold. GOLD. … Read More
The post These…
It’s like an advent calendar for mining and exploration IPOs.
Please note that these listing dates are extremely speculative. If you’re interested, contact the company direct for a better idea of when they expect to start trading on the ASX.
COSMOS EXPLORATION (C1X)
Focus: Gold, Copper and Nickel
Tentative Listing Date: 1 Dec
The RareX (ASX:REE) spinoff wants to raise $5m through its IPO. It has two projects: ‘Byro East’ (nickel-copper-PGEs) in WA and ‘Orange East’ (gold) in NSW.
Byro East was pegged by $45m market cap rare earths explorer RareX last year. It is very greenfields — having never been drilled — but Cosmos has identified four areas which could be prospective for Ni-Cu-PGEs.
Based on past exploration work, Cosmos has also identified several gold-copper targets at the small 40sqkm ‘Orange East’ project.
ORANGE MINERALS (ASX:OMX)
Focus: Gold, Copper
Tentative Listing: 3 Dec
Orange, which is looking to raise $7m in an IPO, is hunting for copper-gold in two major regions: Lachlan Fold Belt (NSW) and Eastern Goldfields (WA).
The NSW assets are close to major gold mines like Cadia (43.4Moz). In WA, it has ground within 25km of Lefroy’s (ASX:LEX) ‘Burns’ copper gold discovery (38m @ 7.63g/t gold, 0.56% copper).
A minimum 1,500m of drilling is planned following listing, with maiden resource at ‘Calarie’ gold project in NSW forecast for early 2022.
Focus: Gold, Nickel, Copper, PGEs
Tentative Listing Date: 3 Dec
The FirstAU (ASX:FAU) spinoff wants to raise between $8m and $12m through its IPO. It has lodged its prospectus with ASIC and is seeking to listing on the ASX around 3 December.
It has five projects in WA. Its flagship is ‘Talga’ project in the East Pilbara, a leading exploration location with new discoveries made nearby by Calidus Resources (ASX:CAI) at its ‘Warrawoona’ project and De Grey Mining (ASX:DEG) at Hemi.
The potential targeting of ‘Hemi-like’ intrusions within the East Pilbara projects present an exploration opportunity for 8AU “as both the exploration areas of the Talga JV and Railway Well project are located in a comparable geological environment”, it says.
LARVOTTO RESOURCES (ASX:LRV)
Focus: Gold, Copper, Cobalt, Nickel, PGEs
Tentative Listing Date: 6 Dec
Larvotto is looking to raise up to $6m in an IPO. It has three main projects: ‘Mt Isa’ (copper-gold-cobalt in Queensland), ‘Eyre’ (nickel-gold-PGEs in WA) and ‘Ohakuri’ (gold in NZ).
Mt Isa — acquired from Minotaur Exploration and Rio Tinto — is in a well-endowed, world-class copper and gold region.
Nearby deposits include the Mount Isa Mines Operation (MIM), Ernest Henry, E1, Swan-Mt Elliott, Starra, Osborne, Little Eva, Eloise, Jericho, Barbara, and Kulthor.
Larvotto says the project, although adjacent to the famous MIM operation, has been underexplored using modern exploration techniques.
AMERICAN WEST METALS (ASX:AW1)
Focus: Zinc, Copper, Indium
Tentative Listing Date: 7 Dec
John Prineas-chaired American West wants to raise $11m through its IPO. It has three advanced, high grade base metal projects in Utah focused on copper and zinc; two of which already have significant resource estimates.
The ‘West Desert’ project already hosts a 59Mt historical zinc-copper resource defined under Canadian NI-43-101 standards.
Following admission to the ASX, American West will undertake work to establish a JORC compliant resource – a must-have for ASX listed companies — and will further assess development potential with scoping studies.
The company will also continue exploration across the large and underexplored project area “where high-grade intersections of copper and zinc have already been encountered outside the resource envelope, indicating strong potential for further discoveries”.
RUBIX RESOURCES (ASX:RB6)
Focus: Copper, Nickel, PGEs, Zinc, Gold
Tentative Listing: 8 Dec
Rubix is looking to raise $4.5m in an IPO.
Its key asset is ‘Paperbark’, 25km from the ‘Century’ mine held by New Century Resources (ASX:NCZ) in North Queensland.
Supporting the Paperbark Project are three greenfields (unexplored) projects: ‘Etheridge’ (gold in Queensland) ‘Lake Johnston’ (nickel, copper, PGEs in WA) and ‘Collurabbie North’ (nickel, copper, PGEs in WA).
PANTHER METALS (ASX:PNT)
Focus: Gold, Nickel
Tentative Listing: 10 Dec
WA-based PNT, a subsidiary of London-listed Panther Metals PLC, raised $5m in an IPO.
Initial drilling will take place at the Coglia nickel-cobalt project, where a JORC compliant exploration target of 30-50 million tonnes at 0.6-0.8% nickel and 400-600 parts per million cobalt has already been defined.
The Merolia gold project is also high on Panther’s agenda, with immediate drilling also planned at the ‘40 Mile Camp’ 2.5km by 5km gold anomaly.
RONIN RESOURCES (ASX:RON)
Focus: Gold, Copper, Coal
Tentative Listing: 10 Dec
Colombia-focussed Ronin is looking to raise $5m in an IPO.
The company’s main game is ‘Vetas’: a large, high-grade, thermal coal project containing a JORC Compliant Exploration Target.
The Santa Rosa Project is an earlier stage gold and copper project “located in a prolific artisan mining district”.
HARANGA RESOURCES (ASX:HAR)
Focus: Gold, Uranium, Lithium
Tentative Listing Date: 13 Dec
The African gold, lithium and uranium explorer wants to raise up to $6.5m in an IPO.
‘Saraya’ in Senegal is an advanced-stage uranium-lithium-tin project explored by French Government-owned Areva prior to 2010. That work included an estimated 48,000m drilling.
The project is mainly hosted by granites and pegmatite units which is also prospective for lithium, tin, tantalum and niobium, with spodumene (lithium minerals) having been visually reported.
INFINTY MINING (ASX:IMI)
Focus: Gold, Lithium, Nickel
Tentative Listing Date: 14 Dec
It will have 19 tenements covering 711sqkm in the Pilbara and Central Goldfields.
ARMADA METALS (ASX:AMM)
Focus: Nickel, Copper, PGEs
Tentative Listing Date: 15 Dec
Armada wants to raise between $8m and $10m through its IPO.
It has 2,991sqkm of ground in the Nyanga Province, Gabon which includes several drill-ready nickel-copper targets like ‘Libonga North’, ‘Libonga South’ and ‘Matchiti Central’.
With over U$10m spent on exploration to date, Armada plans to hit these targets hard with drilling over the next two years.
CHEMX MATERIALS (ASX:CMX)
Focus: High Purity Alumina, Kaolin, Manganese
Tentative Listing Date: 20 Dec
ChemX — more advanced materials technology company than aspiring miner– wants to raise $7m through its IPO.
It says it has developed a proven process to produce High Purity Alumina (HPA), a critical input for battery technology.
ChemX plans to develop this ‘HiPurA’ HPA tech, as well as the ‘Kimba’ kaolin-halloysite and ‘Jamison Tank’ manganese projects in South Australia where exploration drilling is scheduled to kick off in Q1 2022.
DMC MINING (ASX:DMM)
Focus: Nickel, Gold
Tentative Listing Date: 22 Dec
WA-based nickel explorer DMC wants to raise $5m through its IPO. It has two projects: ‘Ravensthorpe’ and ‘Fraser Range’.
Ravensthorpe is a nickel and gold project next door to’ (FQM) open-pit nickel mine and the RAV8 sulphide nickel mine. There has been limited historical exploration within the project, DMC says.
The 873sqkm of Fraser Range tenements makes DMC one of the largest junior landholders in the region, which is best known for its company-making Nova nickel discovery.
FALCON MINERALS (ASX:FAL)
Tentative Listing Date: 22 Dec
This hotly anticipated Chalice Mining (ASX:CHN) spinoff will be chaired by Mark Bennett, discoverer of the aforementioned Nova nickel discovery.
Falcon wants to raise between $15m and $30m through its IPO to tackle three projects: Pyramid Hill (VIC), Viking (WA), and Mount Jackson (WA).
Pyramid Hill — CHN’s No 1 focus before it hit the motherlode at Julimar – is highly prospective for high-grade gold deposits like the nearby, world-class Fosterville mine.
Since 2018, CHN has completed ~124km of drilling across the ~5,000sqkm project, defining four large scale prospects.
They include ‘Karri’, which is defined by shallow gold hits up to 34g/t over ~4km of strike, and ‘Banksia’, a giant 10km-long anomaly which returned hits up to 8.7g/t.
ARBARTA RESOURCES (ASX:AB1)
Focus: Gold and Base Metals
Tentative Listing Date: 23 Dec
Arbarta wants to raise between $5m and $7m through its IPO. It has three exploration projects in WA – ‘East Laverton’, ‘England’ and ‘Edward’.
East Laverton sits on~ 1200sqkm of its namesake underexplored East Laverton Greenstone Belt.
Greenstone belts host economic deposits of many minerals — including silver, copper, and zinc — but they are best known for gold.
Edward is also in an area of underexplored greenstone belt on trend to the south of the ‘Marvel Loch’ and ‘Transvaal’ deposits, and ~40km from the Marvel Loch processing facility.
England is next door to the Granny Smith processing facility in Laverton owned by miner Gold Fields. This means any discovery could be developed quickly, it says.
SOLIS MINERALS (ASX:SLM)
Tentative Listing: 24 Dec
The South American copper play is looking to raise $6m in an IPO.
It is already listed on the TSX, so this IPO is designed to “significantly enhance its exposure to investors in the ASX market, which has a dynamic and deep junior resources exploration sector”.
Solis has three large-scale copper exploration projects in Chile and Peru.
The recently acquired ‘Mostazal’ project in Chile has a multi-kilometre porphyry target to be drill-tested this year, underneath a high-grade copper-silver historical resource.
Solis also owns the ‘Ilo Este’ and ‘Ilo Norte’ projects in Peru’s southern coastal copper belt, prospective for porphyry and IOCG discoveries.
VERTEX MINERALS (ASX:VTX)
Tentative Listing: 24 Dec
This gold explorer is looking to raise $5.5m in an IPO. It has four projects: ‘Hill End’ (NSW), ‘Hargraves’ (NSW), ‘Pride of Elvire’ (WA), and ‘Taylors Rock’ (WA).
Hill End is in the region where the Beyers and Holtermann nugget — the largest single piece of reef gold ever discovered — was found. This is the nugg itself:
ANDEAN MINING (ASX:ADM)
Focus: Copper, Gold
Listing: Just before Xmas
Andean (expected code: ADM) seeks to raise up to $7m through its initial public offering that is due to close on 9 December.
Its relatively advanced ‘El Dovio’ copper-gold (with silver and zinc) project in Colombia is a volcanogenic massive sulphide system –deposits that are rich in base and precious metals like copper, zinc, lead, gold, and silver.
Because these deposits tend to ‘cluster’ together, VMS camps – like DeGrussa on Western Australia — can often be mined for a very, very long time.
Nearby VMS projects include producing ‘El Roble’ mine, which has mined ore plus reserves totalling 3.89Mt grading 2.77% copper and 2.44 grams per tonne (g/t) gold, and ‘El Alacran’ (4.8Mt at 1.4% copper and 0.83g/t gold).
El Dovio is also close to other significant mining projects such as AngloGold Ashanti’s 28 million oz gold equivalent (AuEq) ‘Quebradona’ project and Zijin Mining’s 12Moz ‘Buritica’ gold mine. Great neighbourhood.
The post These 18 ASX resources IPOs are due to list in December. EIGHTEEN. appeared first on Stockhead.
9 Stocks to Buy Before Inflation Fears Take Hold
Despite the pandemic, the stock market has had a decent year so far. Right now, the Dow Jones Industrial Average is up 14% year-to-date (YTD) while the…
Despite the pandemic, the stock market has had a decent year so far. Right now, the Dow Jones Industrial Average is up 14% year-to-date (YTD) while the S&P 500 is up over 23% YTD. But with the threat of inflation currently stoking fears in the fourth quarter, now is the time to start considering inflation stocks.
Inflation stocks provide some protection when prices begin to skyrocket. In October, the consumer price index rose 6.2% from a year ago, which is the biggest increase in 30 years. Core inflation also rose by an alarming rate, moving higher by 4.6% from a year ago.
But all is not lost. CNBC “Mad Money” host Jim Cramer says there are plenty of ways to grow your portfolio even when inflation rises. Cramer says that some of the best inflation stocks come from banking, large pharmaceuticals and tech companies. He noted the following:
“That’s a huge chunk of this market, unlike any combination I’ve ever seen. Plenty of winners out there if you just stop freaking out and start looking at the opportunities.”
Other proven strategies include looking for solid dividend growth, as well as seeking names that help consumers stretch their paychecks.
Here are nine solid inflation stocks to buy in Q4:
- Apple (NASDAQ:AAPL)
- American Express (NYSE:AXP)
- Chevron (NYSE:CVX)
- Dollar General (NYSE:DG)
- Dollar Tree (NASDAQ:DLTR)
- Newmont (NYSE:NEM)
- Nvidia (NASDAQ:NVDA)
- Target (NYSE:TGT)
- Walmart (NYSE:WMT)
Inflation Stocks to Buy: Apple (AAPL)
Source: WeDesing / Shutterstock.com
First up on this list of inflation stocks, Apple is one of those names that could possibly be considered inflation-proof. With a market capitalization of more than $2.6 trillion as well as more than $191 billion in cash on hand, AAPL stock can easily withstand any downturn in the market.
But you shouldn’t expect Apple to drop at all. Returns so far in 2021 are 24%. The company should also see strong sales numbers for the holiday shopping season in Q4. Wedbush analyst Daniel Ives says Apple was expected to sell 10 million iPhones over the Black Friday weekend.
This company’s fiscal Q4 earnings came in a $1.24 per share, up around 70% from a year ago. For the quarter, sales also rose 29% to $83.4 billion. However, revenue missed analyst expectations due to semiconductor chip shortages.
American Express (AXP)
Source: First Class Photography / Shutterstock.com
American Express isn’t the biggest or best-known name in the credit card space. However, AXP stock may be one of the best inflation stocks to buy during these inflationary times.
Why? Well, American Express caters to business clients as well as individuals who are more well-off. It makes 82% of its money “from discount fees, card fees, travel-related commissions and other revenue.” Only 18% of its money comes from interest.
In the third quarter, AXP delivered $2.27 per share and revenue of $10.9 billion. Both numbers beat analyst estimates.
This pick is up nearly 28% so far in 2021. Currently, it trades at a forward price-earnings (P/E) ratio of 16.56 times and a forward price-sales (P/S) ratio of 2.93 times.
Inflation Stocks to Buy: Chevron (CVX)
Source: LesPalenik / Shutterstock.com
What’s one of the first thing that investors do when they fear inflation? They buy oil. One hedge fund, Man Group, says that energy commodities were the “best performing asset class” in the last eight inflationary periods. That’s why a major oil company like Chevron is a solid pick when looking for inflation stocks.
Chevron is already up more than 37% YTD, but even at these lofty highs CVX stock is far off the highs it reached back in 2018. Right now, it’s coming off a huge Q3, in which the company posted its best quarterly profit in eight years. Net income was $6.11 billion, versus a loss of $207 million in the prior-year period. Finally, cash flow from operations came in at $8.5 billion.
What happened? Of course, Chevron and other oil companies suffered greatly last year when the oil market collapsed because of the pandemic. Because of that, Chevron made big budget cuts. Now that’s being reflected in this year’s profits. In fact, Chevron says that its spending so far this year is 22% lower than a year ago. That gives it an outsized profit margin.
On top of it all, CVX stock pays a great 4.68% dividend.
Dollar General (DG)
Source: Jonathan Weiss / Shutterstock.com
Inflation means that consumers will have less money to spend for both necessary and discretionary spending. For instance, there are already reports of meat and other staples costing more today. Because of that, I always consider dollar stores like Dollar General when I think about inflation stocks.
Based in Tennessee, Dollar General operates more than 17,600 stores across some 46 states. This company’s strategy is to put stores in neighborhoods in order to spread its footprint as wide as possible. Once inside, customers can fine low-cost food, snacks, cleanings supplies, health and beauty products, clothing and seasonal items.
For the year, Dollar General stock is up 6%. Revenue is up by around 53% since 2017, according to Seeking Alpha. What’s more, the company has a reasonable forward P/E of 22 times.
When it comes to DG stock, analyst sentiment is solid. Out of 27 analysts, 22 are bullish or very bullish. Meanwhile, 3 other analysts remain neutral on DG stock.
Inflation Stocks to Buy: Dollar Tree (DLTR)
Source: shutterstock.com/Jonathan Weiss
Based in Virginia, Dollar Tree is a different kind of discount retailer than Dollar General. With more than 15,000 stores across 48 states as well as in Canada, Dollar Tree buys bulk items and sells them at low prices.
How low? Until recently, items in the store were a dollar (hence the name), but this pick of the inflation stocks recently announced that it was raising the prices of items to $1.25. Additionally, according to NPR, Dollar Tree has been testing higher-priced items for a few months, including adding $3 and $5 products in its Dollar Tree Plus stores.
If nothing else, raising prices will allow Dollar Tree to expand and sell a wider variety of sizes and products.
Most recently, Q3 earnings came in at $6.42 billion and earnings at 96 cents per share. Both exceeded analyst expectations of $6.41 billion and 95 cents per share. Currently, DLTR stock is up a whopping 25% YTD in 2021.
Source: Piotr Swat/Shutterstock
Next up on this list of inflation stocks is Newmont. Gold is a natural hedge against inflation and a market downturn. Sure, cryptocurrencies are flashier and have had a much higher return in the last few months. Still, NEM stock is a solid pick here.
Newmont is the world’s largest gold miner. What’s more, Joule Financial’s Quint Tatro recently told CNBC that NEM is one of his top picks against inflation. The company added to its position in NEM stock after the consumer price index report came out.
“Newmont has an incredible balance sheet. It is truly a proxy for gold. It should move in lockstep with gold if we’re right, and we get paid almost 4% to wait […] I think it will do very well […] You’re getting it at a discount, and I believe that it will continue to rise with gold if we continue to see core inflation move up as well.”
Right now, NEM stock is down by around 8% so far this year. But Fundamental Research analyst Siddharth Rajeev maintained his “buy” rating on the stock, setting a price target of $63.10. That represents more than 14% upside today, which would be welcome during an inflationary run.
Inflation Stocks to Buy: Nvidia (NVDA)
Source: rafapress / Shutterstock.com
According to VandaTrack, which is a Vanda Research flow tracker that measures net stock purchases, NVDA stock was one of the most-purchased equities on Wall Street in November.
Why? Well, Nvidia is absolutely on fire. Up by more than 140% so far in 2021, Nvidia is currently priced at more than $320 per share.
Recognized as one of the world’s biggest semiconductor companies, Nvidia is in an enviable position. Remember, we are still in a chip shortage — and those chips are needed to run everything from electric vehicles (EVs) to computers and small electronics.
If supply and demand rules the world, then this name is in the catbird seat. And that demand is not going to go away just because of inflation.
This pick of the inflation stocks reported its Q3 earnings on Nov. 17. For the period, revenue was up 50% year-over-year (YOY) to $7.1 billion, beating analyst expectations of $6.81 billion. Earnings per share was $1.17, which topped expectations of $1.11.
Source: jejim / Shutterstock.com
Next up on this pick of inflation stocks, Target is a discount retailer that operates higher-end stores than Dollar General and its peers. Presently, TGT stock is up nearly 40% so far in 2021 but slipped after the company reported Q3 earnings in mid-November.
What happened? Well, the company did manage to beat analyst expectations in earnings and revenue. Plus, it raised its outlook. But Target also warned that its margins would be pressured in the coming months as labor costs increase and supply-chain disruptions persist.
No worries, though. That dip is just a solid buying opportunity in TGT stock. One Bank of America analyst also agrees, according to CNBC. Analysts at Raymond James and DA Davidson raised their price targets for Target shares as well.
Inflation Stocks to Buy: Walmart (WMT)
Source: Jonathan Weiss / Shutterstock.com
That brings us to the last entry on this list of inflation stocks: Walmart. This name is the biggest retailer on the planet and boasts revenues of $519 billion according to the National Retail Federation. Walmart operates 10,500 stores across 24 countries.
With its expanding footprint (Walmart owns Sam’s Club, among other brands) and its growing online presence, Walmart had a solid Q3. But what really made the difference was the company’s grocery offerings. Walmart says its size helped it navigate supply chains and keep shelves stocked. CFO Brett Biggs told CNBC the following:
“We’ve always been an inflation fighter for customers […] Our scale and the product breadth that we have allows us to do things in a way that is beneficial to customers and beneficial to shareholders.”
For the quarter, revenue came in at $140.53 billion, versus the $135.6 billion that analysts expected. What’s more, earnings per share came in at $1.45 versus expectations of $1.40.
On the date of publication, Patrick Sanders did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Patrick Sanders is a freelance writer and editor in Maryland, and from 2015 to 2019 was head of the investment advice section at U.S. News & World Report. Follow him on Twitter at @1patricksanders. As of this writing, he did not hold a position in any of the aforementioned securities.
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Looking for Leverage? Silver Sands at a Sub $10 Million Valuation Offers the Highest Leverage Drilling Play Around
Nearing the end of a phase III drill program, this high-leverage silver/gold play couples enormous upside with an unusually low risk profile. Eric Sprott is the largest shareholder…
Nearing the end of a phase III drill program, this high-leverage silver/gold play couples enormous upside with an unusually low risk profile. Eric Sprott is the largest shareholder.
Veteran analysts predict gold and silver are on the cusp of another bull run, with some speculating that after a year of consolidation we may see prices rise to $50 per ounce for silver and $2,500 per ounce for gold near term. A further leg up is forecast, and some say precious metals will hit unheard of levels over the next few years as the US dollar staggers. This is big news considering that past silver bull markets have delivered gains ranging from 330% to 900%.
Which brings us to and why its Phase III drill program currently underway makes it the best high leverage silver junior around. ( ), SAND started out with a silver resource of 15 million ounces at its Virginia project in Argentina last year and this is their third round of drilling. Their goal is to have grown that to 50 million ounces by the time Phase III is finished, on their way to 100 million.
But that’s the low-risk part. The leverage comes from drilling the silver/gold Santa Rita vein field in the northern part of the property first explored by Mirasol and Hochschild in 2007. Surface sampling and channel sampling highlights included 340 g/t silver and 5 g/t gold. Mirasol put 7 green field exploratory drill holes into the structure and came up with mineralization in 6 of 7 holes before Hochschild dropped it to focus on their San Jose discovery (now mine).
Silver Sands largest shareholders areand Eric Sprott, who has invested twice – increasing his initial investment by 300%. Commenting on the silver market, Sprott said:
“There’s going to be a shortage of silver. We get information from dealers looking for supply and paying premiums, which is almost unheard of. And when I look at the amount of silver going into ETFs and India, we know a shortage is on its way. The last time silver had a breakout, the price went up 10-fold. Do I think that could happen again? Absolutely.”
Sprott is not the only one with Silver Sands on his radar. In his Gold Newsletter, well-known precious metals expert Brien Lundin firmly put the company into the buy column, reiterating his previous buy recommendation. Speaking to the high leverage nature of Silver Sand’s Virginia project, he described the company as “a great ongoing lever on …… silver.”
SAND is near the end of a Phase III exploration program at its Virginia project located in mining-friendly Santa Cruz, Argentina, in close proximity to four producing precious metal mines. Virginia started out with a silver resource of 15 million ounces, and the goal is to grow that to 50 million ounces by the time Phase III is complete.
The right people, place, and resource
Silver Sands hits the mining trifecta of people, place, and resource. The company is overseen by market veteran Keith Anderson who brings to the mix a successful 20-year history of structuring and financing resource companies. Leading a deeply experienced management team, Keith has brought in a top-class investor, executed operations under budget, and delivered a clear roadmap towards the development of a significant resource.
The company’s flagship Virginia project is located in mining-friendly Santa Cruz, Argentina, in close proximity to four producing precious metal mines. This year, Argentina was rated the 5th most attractive region in the world for investment, and a global top 10 of silver mining jurisdictions. Furthermore, Santa Cruz ranks above Mexico on the investment attractiveness index.
Following up on highly successful Phase I and II exploration programs, Silver Sands is nearing the end of its Phase III program which comprises 2,685 metres of drilling across more than 16 holes. The program is targeting seven silver vein structures along with the high priority Santa Rita silver-gold prospect.
Overall, the Virginia property has the markings of an exceptionally large epithermal vein system yet only a tiny fraction outcrops at or near surface. Silver Sands has just started to scratch the surface of the property’s potential. By the time Phase III is completed, the company believes it will have grown its resource from 15 to 50 million ounces, on the way to 100 million plus.
Phase III will comprise 2,685 metres of drilling across 16 holes and is targeting seven silver vein structures along with the high priority Santa Rita silver-gold prospect. This will all be driven by a low-risk model that involves mostly drilling gaps and extensions between high-grade intercepts along known vein structures.
Adding ounces on the low-risk journey to massive upside potential
The 59,750-hectare Virginia project is a low to intermediate sulphidation epithermal silver deposit nestled in the mineral-rich Deseado massif, roughly 100 kilometres south of Newmont’s Cerro Negro Mine, one of the largest gold mines in the world.
Through initial discovery in 2009 and four follow up drill programs between 2010 – 2012, defined an indicated resource of 11.9 million ounces of silver at 310 g/t and an inferred resource of 3.1 million ounces of silver at 207 g/t, which were documented in an NI 43-101 technical report filed in 2014. Mineral resources are contained within seven conceptual open pits including Naty, Julia North, Julia Central, Julia South, Ely North, Ely South, and Martina.
Phase I and II drilling subsequently identified four new conceptual open pits – Ely Central, Ely North Extension, Julia South Extension, and Martina NW. Drilling confirmed the Ely structure can be traced over 2.3 kilometres in strike length from north to south, open along strike and at depth. The Naty-Julia structure now extends to over 3 kilometres in strike length, open to the north and south, and at depth.
Phase I focused on exploring new high-grade silver zones to expand on the existing NI 43-101 and consisted of 2,831 metres across 18 drill holes along with 80.5-line kilometres of IP surveying. Phase II followed up and yielded some impressive results, testing several new prospective zones through 3,104 metres of drilling across 20 holes. New discoveries were made in areas of lower IP chargeability, showing potential for strike extensions of known veins, as well as new discoveries within previously untested linear trends of lower intensity.
Phase II also led to the discovery of a new high-grade zone at Ely Central, where drilling intersected strong and continuous Ag grades in four drill holes over a 200-metre strike length that lies within a 580-metre untested gap from original drilling in 2012. Furthermore, drilling intercepted high-grade silver mineralization at the Ely North, Martina, and Julia South targets.
Highlights from Phase I and II exploration programs include:
• 639 g/t Ag over 9.60m
• 625 g/t Ag over 10.80m, including 1,110 g/t Ag over 5.70m
• 560 g/t Ag over 9.98m, including 1,578 g/t Ag over 2.87m
• 476 g/t Ag over 4.0m, including 929 g/t Ag over 1.85m
• 198.5 g/t silver over 33.5m
• 123.43 g/t silver over 8.5m, including 168.34 g/t silver over 3.9m