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Forecasters Get Bullish With Banking Crisis to Drive Gold Towards All Time High

Fitch says gold could approach record levels in the coming weeks off the back of the new banking crisis…

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This article was originally published by Stockhead
  • Gold prices threaten $3000/oz in Aussie dollar terms
  • Fitch says they could move towards US$2075/oz record, but are likely to hit resistance
  • Besra up after announcing US$300m funding deal for 3Moz Bau gold project in Malaysia

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

 

Overnight gold prices fell away on some pretty active profit taking.

Tuesday trade on Wall Street saw a little bit of that investor risk appetite creep back in – a negative for gold and certainly in the gold space there was some heavy profit-taking after such a sustained rush to get some golden safe haven.

Futures traders are moving in ahead of The Fed’s big US interest rate decision.

The April gold price was last down circa $36 at US$1,947 and the May silver was almost flat at US$22.40

The Federal Reserve’s FOMC meeting is underway, but they’ve got ages before anyone needs to panic if it’s not 25 basis points again.

The meet concludes Wednesday afternoon New York time, Thursday Perth time. Probably Sydney time too.

 

Banking and bulls

Unloved for almost two years, investors are rushing back to gold and forecasters have grown increasingly bullish as a banking crisis sends them running for the safety of their mummies’ arms.

Sorry, we meant to say the safety of giant ingots of glorious, glowing yellow metal.

And forecasters are striking a positive tone on bullion, with analysts from Fitch this week saying it could approach record levels within weeks.

The agency has ramped up its 2023 forecast from US$1850/oz to US$1950/oz, a level already crossed with prices threatening US$2000/oz and records in Aussie dollar terms of $3000/oz.

 

Australian gold miners at spot rates would have been receiving around $2960/oz for their gold at 4.30pm AEDT yesterday.

Wild, as long as they can keep their costs in check and the rally stays the course, unlike previous stairways to nowhere we’ve seen from gold over the past year or so.

“We believe the mounting of global financial instability is likely to drive gold prices towards its all-time high of USD2,075/oz in the coming weeks, although there is significant resistance around that level as the US dollar remains strong while we believe that contagion risks from the demise of Silicon Valley Bank (SVB) and Signature Bank will be broadly limited,” Fitch says.

“In light of high global financial turbulence, we expect significant price volatility in the coming weeks.

“Nevertheless, we expect gold prices to remain elevated in the coming years compared to pre-Covid levels.”

Bloomberg consensus currently has gold trading at US$1848/oz in 2023 and US$1840/oz in 2024 before dropping to US$1760/oz in 2025, US$1700/oz in 2026 and US$1688/oz in 2027.

Fitch’s assessment is not far off. Importantly that is well above levels seen before Covid.

“The main driver of easing gold prices in the longer term will be greater risk-on sentiment as the global economy recovers in the later part of the decade,” Fitch said.

“For now we expect any kind of easing in the Russia-Ukraine conflict to come about earliest by 2024, which will reduce holdings of gold by the most risk-averse investors.

“Additionally, we believe most of the pandemic-induced holdings of gold have now been reversed.

“As a result, despite our outlook for gold prices to weaken, we do not see a return to pre-Covid-19 levels. Indeed, gold prices will average USD1,737/oz during 2024-2027, compared to USD1,393/oz in 2019.”

 

Outlook: grim

Also helping gold has been a fall in the US dollar.

This, and other factors driving Fitch’s bullish assessment, is not without its risks.

A 25bps rate hike is expected at the US Fed’s March 22 meeting tonight Aussie time.

But Fitch expects gold to be supported with the terminal rate getting closer, faster amid an environment of heightened financial risks, which could cause central banks to pause on their inflation-taming mindset.

The outlook for the global economy helps gold’s case as well.

“The outlook for the global economy remains grim. Our Macro team expects that global real GDP growth will slow from 3.1% in 2022 to 2.1% in 2023,” Fitch says.

“Other than the pandemic in 2020, this would mark the slowest pace of growth since the Global Financial Crisis.

“Amid such a clouded global backdrop, investor interest in gold’s safe-haven status will remain strong.”

 

This gold explorer with a $20m market cap gained 50% yesterday?

“Who is Besra Gold (ASX:BEZ)” is the answer Alex Trebek was looking for.

Up 120% at one point yesterday morning, Besra has secured the crucial piece of the puzzle needed to bring its 3Moz Bau gold project into production, signing a funding deal of up to US$300m with major shareholder Quantum Metal Recovery.

This puts BEZ’s Bau Gold Project in east Malaysia on a straight path to development at a time when access to capital for emerging gold producers is difficult and highly dilutive.

The deal represents one of the largest of its kind by an ASX-listed junior and is expected to remove the need for dilutive equity financing.

“We plan to commence an update of the 2013 feasibility study and accelerate our plans to begin pilot production in calendar year 2023,” Besra’s chairwoman Jocelyn Bennett said.

“On the exploration front, we will focus on upgrading the quality of our JORC resource by converting a portion of our Inferred ounces into the Measured and Indicated category.”

 

 

Besra Gold (ASX:BEZ) share price today:

 

 

 

 

Winners & Losers

Here’s how ASX-listed precious metals 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 PRICE DAY RETURN % 1 WEEK RETURN % 1 MONTH RETURN % 6 MONTH RETURN % 1 YEAR RETURN % MARKET CAP
MRR Minrex Resources Ltd 0.021 0% -25% -30% -60% -63% $ 22,782,217.56
NPM Newpeak Metals 0.001 0% 0% 0% 0% 0% $ 9,145,131.70
ASO Aston Minerals Ltd 0.105 -5% 5% 19% 27% -30% $ 122,488,402.74
MTC Metalstech Ltd 0.34 -4% -15% -31% -12% 31% $ 62,508,680.48
FFX Firefinch Ltd 0.2 0% 0% 0% 0% -31% $ 236,569,315.40
GED Golden Deeps 0.008 0% -11% -20% -38% -11% $ 9,241,813.71
G88 Golden Mile Res Ltd 0.015 0% -17% -26% -54% -75% $ 3,068,846.34
DCX Discovex Res Ltd 0.003 0% 0% -14% -40% -65% $ 9,907,704.29
NMR Native Mineral Res 0.056 0% -15% -19% -66% -73% $ 6,727,769.16
AQX Alice Queen Ltd 0.001 0% 0% 0% -67% -88% $ 2,530,287.61
SLZ Sultan Resources Ltd 0.056 -2% 2% 6% -44% -65% $ 4,747,210.17
MKG Mako Gold 0.044 5% 7% 10% -24% -51% $ 19,809,357.08
KSN Kingston Resources 0.093 3% 16% -7% 6% -41% $ 37,408,829.04
AMI Aurelia Metals Ltd 0.105 -9% -5% -5% -54% -77% $ 142,305,279.84
PNX PNX Metals Limited 0.003 0% 0% -14% -36% -36% $ 16,141,874.16
GIB Gibb River Diamonds 0.06 5% 9% 2% 5% 0% $ 12,056,038.37
KCN Kingsgate Consolid. 1.82 4% 25% 20% 17% 26% $ 388,417,395.02
TMX Terrain Minerals 0.005 0% 0% -17% -29% -29% $ 5,415,996.54
BNR Bulletin Res Ltd 0.088 -6% -7% -16% -37% -39% $ 27,597,563.40
NXM Nexus Minerals Ltd 0.16 -3% -11% -9% -20% -60% $ 53,699,795.99
SKY SKY Metals Ltd 0.045 0% -8% 0% -18% -47% $ 16,955,256.15
LM8 Lunnonmetalslimited 1 14% 2% 6% 11% 9% $ 96,690,991.76
CST Castile Resources 0.087 -7% -5% -9% -30% -49% $ 22,738,828.14
YRL Yandal Resources 0.091 0% -2% -1% -41% -62% $ 14,360,080.19
FAU First Au Ltd 0.003 0% 0% -25% -57% -67% $ 3,284,349.80
ARL Ardea Resources Ltd 0.45 -5% -7% -29% -50% -56% $ 81,463,816.70
GWR GWR Group Ltd 0.11 5% 22% 90% 33% -24% $ 33,727,748.78
AGG AngloGold Ashanti 6.23 2% 18% 16% 62% -5% $ 545,059,444.15
IVR Investigator Res Ltd 0.042 2% 17% 8% -14% -41% $ 58,923,709.94
GTR Gti Energy Ltd 0.011 10% 10% 0% -45% -61% $ 15,054,835.79
IPT Impact Minerals 0.01 25% 11% 11% 33% -14% $ 19,850,964.45
BNZ Benzmining 0.395 0% -1% -11% -27% -35% $ 29,016,943.72
MOH Moho Resources 0.016 0% -16% -16% -56% -72% $ 3,322,595.26
BBX BBX Minerals Ltd 0.115 -18% -12% -23% 64% -26% $ 68,701,006.50
PUA Peak Minerals Ltd 0.005 0% 0% -17% -44% -58% $ 5,206,883.09
MRZ Mont Royal Resources 0.165 -3% -6% -21% -35% -43% $ 11,642,053.56
SMS Starmineralslimited 0.07 8% 4% 0% -25% -65% $ 1,959,216.87
MVL Marvel Gold Limited 0.018 0% 0% -10% -42% -60% $ 12,691,698.66
PRX Prodigy Gold NL 0.011 0% 0% -8% 10% -54% $ 19,226,711.00
AAU Antilles Gold Ltd 0.038 0% 3% 3% -22% -51% $ 18,517,804.05
CWX Carawine Resources 0.098 0% -1% -2% -2% -54% $ 19,288,111.86
RND Rand Mining Ltd 1.37 5% 5% -4% -8% -12% $ 73,938,749.30
CAZ Cazaly Resources 0.026 -7% -7% -10% -32% -38% $ 10,411,010.20
BMR Ballymore Resources 0.16 3% 14% -3% -20% -11% $ 14,929,205.68
DRE Dreadnought Resources Ltd 0.06 -5% -12% -33% -50% 50% $ 207,504,877.86
ZNC Zenith Minerals Ltd 0.19 0% -12% -16% -37% -42% $ 66,824,148.36
REZ Resourc & En Grp Ltd 0.013 -13% -7% 0% -38% -67% $ 7,497,086.84
LEX Lefroy Exploration 0.205 -2% -5% -11% -37% -36% $ 33,696,180.42
ERM Emmerson Resources 0.077 5% 3% 1% -5% -41% $ 39,763,814.52
AM7 Arcadia Minerals 0.21 0% -2% -5% -24% -7% $ 9,806,557.32
ADT Adriatic Metals 3.67 -2% 1% 13% 65% 65% $ 824,029,091.16
GMR Golden Rim Resources 0.0305 5% 5% -2% -32% -60% $ 17,156,062.67
CYL Catalyst Metals 0.985 2% -12% -28% -21% -47% $ 166,557,952.13
CHN Chalice Mining Ltd 6.35 3% 1% 4% 59% -11% $ 2,311,385,771.16
KAL Kalgoorliegoldmining 0.05 0% -25% -40% -66% -69% $ 3,871,730.00
MLS Metals Australia 0.036 0% -12% -23% -28% -51% $ 21,853,302.88
ADN Andromeda Metals Ltd 0.044 2% 0% 5% -8% -77% $ 133,730,362.58
MEI Meteoric Resources 0.115 10% -4% -8% 667% 721% $ 160,406,907.15
SRN Surefire Rescs NL 0.018 13% 0% 29% 20% 38% $ 25,301,815.63
SIH Sihayo Gold Limited 0.001 -50% -50% -50% -50% -83% $ 12,204,256.18
WA8 Warriedarresourltd 0.14 4% -7% -22% 0% -13% $ 58,192,939.62
HMX Hammer Metals Ltd 0.054 0% -4% -25% 13% -49% $ 44,355,996.85
WCN White Cliff Min Ltd 0.01 0% 0% -17% -57% -63% $ 7,840,544.10
AVM Advance Metals Ltd 0.008 0% -11% -20% -33% -47% $ 4,656,352.55
WRM White Rock Min Ltd 0.063 0% -3% 2% -25% -69% $ 17,373,120.66
ASR Asra Minerals Ltd 0.011 0% -8% -24% -61% -58% $ 16,138,305.44
MCT Metalicity Limited 0.003 50% 50% 0% -40% -48% $ 7,009,078.68
AME Alto Metals Limited 0.066 2% 6% -6% -6% -33% $ 39,833,006.14
CTO Citigold Corp Ltd 0.005 -9% 0% 0% -17% -38% $ 15,585,125.00
TIE Tietto Minerals 0.58 -7% -3% -15% 17% -1% $ 679,704,681.25
SMI Santana Minerals Ltd 0.75 0% -4% -15% 3% 36% $ 111,583,198.50
M2R Miramar 0.045 0% -22% -38% -57% -74% $ 3,180,678.44
MHC Manhattan Corp Ltd 0.005 0% -17% -17% -38% -64% $ 8,773,307.11
GRL Godolphin Resources 0.065 18% 18% -25% -24% -54% $ 6,510,319.59
TRY Troy Resources Ltd 0.0295 0% 0% 0% 0% 0% $ 62,920,961.44
CGN Crater Gold Min Ltd 0.014499 0% 0% 0% 0% 0% $ 17,965,036.68
SVG Savannah Goldfields 0.18 9% 6% -3% -25% -25% $ 31,159,992.27
EMC Everest Metals Corp 0.075 0% 0% -17% -25% -39% $ 7,982,483.18
GUL Gullewa Limited 0.056 0% -3% 8% -7% -18% $ 10,963,293.60
CY5 Cygnus Metals Ltd 0.235 -2% -27% -31% -13% 38% $ 44,129,810.88
G50 Gold50Limited 0.22 0% -4% 16% 57% -12% $ 12,527,460.22
ADV Ardiden Ltd 0.007 17% -13% 0% -13% -46% $ 16,130,012.14
AAR Astral Resources NL 0.075 7% 7% 1% -10% -27% $ 46,578,698.53
MGV Musgrave Minerals 0.19 -3% 12% 9% -22% -44% $ 115,285,550.06
AGS Alliance Resources 0 0% -100% -100% -100% -100% $ 41,303,448.03
VMC Venus Metals Cor Ltd 0.15 7% 0% -3% -9% -14% $ 24,931,015.62
NAE New Age Exploration 0.006 0% 0% 0% -33% -54% $ 8,615,393.46
VKA Viking Mines Ltd 0.01 11% 11% -9% 25% 0% $ 9,227,325.88
LCL Los Cerros Limited 0.032 7% 3% -14% 5% -69% $ 21,616,786.65
MTH Mithril Resources 0.002 33% 0% -43% -60% -83% $ 4,894,635.28
ADG Adelong Gold Limited 0.01 -9% 43% 11% 0% -50% $ 5,872,045.21
RMX Red Mount Min Ltd 0.004 0% 0% -27% -33% -53% $ 9,087,404.15
PRS Prospech Limited 0.025 4% 4% -4% -26% -48% $ 2,119,166.23
XTC Xantippe Res Ltd 0.005 11% -9% -17% -44% -23% $ 47,610,448.62
TTM Titan Minerals 0.062 3% 2% -5% -5% -37% $ 84,676,391.16
NML Navarre Minerals Ltd 0.029 -3% -6% -17% -40% -71% $ 45,086,374.47
RXL Rox Resources 0.3 5% 15% 94% 3% -26% $ 63,940,964.10
MZZ Matador Mining Ltd 0.08 0% -2% -13% -27% -70% $ 25,217,506.72
KZR Kalamazoo Resources 0.1375 2% -8% -18% -44% -54% $ 20,225,615.49
BCN Beacon Minerals 0.028 0% -3% 0% 17% -20% $ 105,189,508.79
MAU Magnetic Resources 0.66 2% -8% -10% -31% -55% $ 149,183,047.65
BC8 Black Cat Syndicate 0.345 0% -7% -4% -1% -41% $ 91,822,423.79
EM2 Eagle Mountain 0.165 -3% -13% -11% -34% -68% $ 51,844,366.71
EMR Emerald Res NL 1.585 0% 7% 6% 35% 50% $ 941,174,558.06
BYH Bryah Resources Ltd 0.018 0% -10% -22% -36% -64% $ 5,062,562.53
HCH Hot Chili Ltd 0.915 4% 2% 7% -17% -32% $ 105,111,781.28
WAF West African Res Ltd 1 -2% 4% 12% -12% -23% $ 1,049,104,279.25
MEU Marmota Limited 0.038 0% 9% -14% -19% -17% $ 40,234,421.85
NVA Nova Minerals Ltd 0.44 -1% -2% -27% -44% -37% $ 93,845,950.32
DCN Dacian Gold Ltd 0.08 1% -12% -12% -8% -69% $ 96,127,274.10
SVL Silver Mines Limited 0.165 -3% 6% 10% -3% -31% $ 238,683,339.31
PGD Peregrine Gold 0.365 -8% -12% -12% -38% -22% $ 15,483,810.40
ICL Iceni Gold 0.09 0% -2% -9% -4% -22% $ 11,537,678.52
FG1 Flynngold 0.078 -6% -1% -10% -22% -42% $ 8,538,503.57
WWI West Wits Mining Ltd 0.013 8% 0% 8% -24% -63% $ 25,910,166.47
RML Resolution Minerals 0.006 0% 20% -14% -43% -67% $ 6,478,477.15
AAJ Aruma Resources Ltd 0.055 2% -4% -19% -13% -35% $ 8,475,921.16
AL8 Alderan Resource Ltd 0.007 0% 0% 17% -30% -63% $ 4,047,862.56
GMN Gold Mountain Ltd 0.004 0% 0% -20% -33% -60% $ 7,879,730.46
MEG Megado Minerals Ltd 0.038 3% -5% -36% -53% -52% $ 5,293,055.65
HMG Hamelingoldlimited 0.09 0% 5% -18% -38% -42% $ 9,900,000.00
HMG Hamelingoldlimited 0.09 0% 5% -18% -38% -42% $ 9,900,000.00
TBA Tombola Gold Ltd 0.026 0% 0% 0% -24% -28% $ 33,129,242.98
BM8 Battery Age Minerals 0.36 -3% -8% -22% -28% -12% $ 27,460,720.31
TBR Tribune Res Ltd 3.55 4% 3% -2% 1% -24% $ 178,916,142.57
FML Focus Minerals Ltd 0.185 -1% 3% 16% 37% -27% $ 53,729,745.94
GSR Greenstone Resources 0.022 5% -8% -12% -68% -41% $ 25,361,258.50
VRC Volt Resources Ltd 0.01 -17% -13% 0% -64% -17% $ 47,273,086.55
ARV Artemis Resources 0.015 7% 15% -17% -64% -76% $ 21,859,857.19
HRN Horizon Gold Ltd 0.34 -7% 13% 0% -4% -20% $ 45,691,298.97
CLA Celsius Resource Ltd 0.015 -12% 0% -12% 0% -25% $ 31,572,468.73
QML Qmines Limited 0.16 0% 0% -6% 19% -37% $ 14,433,445.12
RDN Raiden Resources Ltd 0.004 0% -20% -20% -50% -60% $ 6,618,329.83
TCG Turaco Gold Limited 0.066 3% 2% 5% 32% -43% $ 27,373,866.82
KCC Kincora Copper 0.07 1% -1% -2% 1% -50% $ 8,228,958.35
GBZ GBM Rsources Ltd 0.031 0% -3% -21% -34% -75% $ 17,445,732.92
DTM Dart Mining NL 0.038 0% -12% -16% -58% -53% $ 5,913,581.28
MKR Manuka Resources. 0.054 0% -18% -36% -66% -81% $ 27,151,282.73
AUC Ausgold Limited 0.05 2% 0% 4% 22% 4% $ 99,444,252.51
ANX Anax Metals Ltd 0.06 0% -6% -15% -15% -29% $ 24,563,689.62
EMU EMU NL 0.002 0% 0% -50% -64% -85% $ 2,900,042.56
SFM Santa Fe Minerals 0.058 -15% -15% -23% -32% -64% $ 4,951,677.65
SSR SSR Mining Inc. 21.35 0% 8% 6% 3% -26% $ 401,653,853.71
PNR Pantoro Limited 0.067 18% 26% 10% -62% -77% $ 116,601,688.45
CMM Capricorn Metals 4.73 0% 8% 20% 64% 22% $ 1,777,336,167.75
X64 Ten Sixty Four Ltd 0.57 0% 0% 0% -5% -36% $ 130,184,181.57
SI6 SI6 Metals Limited 0.0055 0% -8% 10% -27% -45% $ 8,224,670.26
HAW Hawthorn Resources 0.087 0% -5% -15% -9% 9% $ 29,146,358.33
BGD Bartongoldholdings 0.22 0% 2% -8% 47% -10% $ 18,993,281.34
SVY Stavely Minerals Ltd 0.185 4% -3% -26% 6% -54% $ 57,891,397.27
KWR Kingwest Resources 0.031 3% 3% -23% -33% -82% $ 8,451,804.54
AGC AGC Ltd 0.052 -5% 4% -10% -29% -41% $ 5,500,000.00
AGC AGC Ltd 0.052 -5% 4% -10% -29% -41% $ 5,500,000.00
RVR Red River Resources 0.073 0% 0% 0% -16% -69% $ 37,847,907.62
RGL Riversgold 0.015 0% -12% -35% -63% -55% $ 14,182,015.71
TSO Tesoro Gold Ltd 0.029 0% -6% -3% -19% -63% $ 30,551,864.56
OKR Okapi Resources 0.145 4% -6% -19% -48% -52% $ 23,121,347.06
CPM Coopermetalslimited 0.24 0% 9% -17% -35% -38% $ 9,862,800.24
MM8 Medallion Metals. 0.125 0% 4% -4% -29% -47% $ 17,494,382.38
TRN Torrens Mining 0 0% -100% -100% -100% -100% $ 9,218,941.94
AUT Auteco Minerals 0.043 2% -2% -2% 5% -43% $ 97,139,124.60
CBY Canterbury Resources 0.04 0% 0% -5% 14% -47% $ 5,760,941.20
LYN Lycaonresources 0.195 0% -7% -19% -46% -52% $ 6,419,156.25
SFR Sandfire Resources 5.61 -2% 1% -11% 39% 6% $ 2,613,421,828.16
NCM Newcrest Mining 25.81 1% 7% 9% 50% -1% $ 22,923,631,284.30
TMZ Thomson Res Ltd 0.005 0% 0% -29% -78% -91% $ 4,349,755.19
TAM Tanami Gold NL 0.035 -3% -3% -8% -20% -38% $ 42,303,493.66
WMC Wiluna Mining Corp 0.205 0% 0% 0% 0% -75% $ 74,238,030.68
NWM Norwest Minerals 0.031 -6% -3% -53% -28% -50% $ 7,329,543.77
ALK Alkane Resources Ltd 0.725 -1% 7% 14% -2% -34% $ 440,112,555.12
BMO Bastion Minerals 0.028 0% -3% -24% -69% -83% $ 4,463,524.38
IDA Indiana Resources 0.048 -4% -4% -17% -26% -23% $ 25,060,240.95
GSM Golden State Mining 0.032 -9% -18% -26% -35% -57% $ 4,095,497.14
NSM Northstaw 0.155 0% 19% -3% 0% -48% $ 18,619,685.00
GSN Great Southern 0.018 0% -10% -22% -53% -63% $ 11,943,125.69
RED Red 5 Limited 0.14 0% 0% -20% -39% -62% $ 449,643,490.80
DEG De Grey Mining 1.575 0% 8% 16% 53% 21% $ 2,458,837,891.13
THR Thor Energy PLC 0.004 -20% -20% -33% -64% -71% $ 7,390,564.23
CDR Codrus Minerals Ltd 0.09 0% -6% -18% 20% -14% $ 3,638,700.00
MDI Middle Island Res 0.04 0% -13% -25% -39% -64% $ 4,896,728.88
BAT Battery Minerals Ltd 0.004 0% 14% 0% -20% -56% $ 11,740,969.38
POL Polymetals Resources 0.185 -3% 6% 0% 12% 54% $ 8,584,711.48
RDS Redstone Resources 0.01 0% 0% 0% 25% 0% $ 7,368,323.96
NAG Nagambie Resources 0.046 -8% -16% -23% -43% -12% $ 26,784,689.85
BGL Bellevue Gold Ltd 1.21 1% 2% 9% 58% 29% $ 1,354,949,726.40
GBR Greatbould Resources 0.089 2% -10% 13% -10% -46% $ 37,689,782.17
KAI Kairos Minerals Ltd 0.021 24% 17% 0% -45% -19% $ 33,389,589.35
KAU Kaiser Reef 0.18 6% 6% 3% 3% -10% $ 24,088,605.94
HRZ Horizon 0.05 0% 2% -17% -31% -57% $ 31,142,310.75
CAI Calidus Resources 0.235 4% 4% -2% -58% -75% $ 98,898,939.00
CDT Castle Minerals 0.018 6% -22% -22% -40% -65% $ 19,116,380.73
RSG Resolute Mining 0.375 0% 29% 56% 82% 23% $ 798,377,463.38
MXR Maximus Resources 0.035 6% 0% -3% -30% -44% $ 10,528,840.34
EVN Evolution Mining Ltd 2.9 2% 4% 1% 38% -35% $ 5,211,446,345.96
AXE Archer Materials 0.46 3% -1% -24% -43% -51% $ 110,790,407.12
CXU Cauldron Energy Ltd 0.006 -14% -14% -14% -48% -66% $ 6,520,976.01
RDT Red Dirt Metals Ltd 0.325 -2% -14% -24% -49% -43% $ 146,819,471.70
ALY Alchemy Resource Ltd 0.014 -7% -7% -10% -33% 8% $ 17,671,143.84
HXG Hexagon Energy 0.011 0% -15% -35% -35% -78% $ 5,642,074.91
OBM Ora Banda Mining Ltd 0.14 0% 4% 41% 137% 186% $ 199,610,912.76
SLR Silver Lake Resource 1.155 0% 9% 6% 1% -47% $ 1,073,854,704.62
VAN Vango Mining Ltd 0 0% -100% -100% -100% -100% $ 59,217,068.70
AVW Avira Resources Ltd 0.002 0% -33% -33% -50% -64% $ 4,267,580.00
LCY Legacy Iron Ore 0.017 0% -6% 13% -15% -11% $ 108,916,045.38
PDI Predictive Disc Ltd 0.18 -5% 3% 16% 3% -18% $ 339,270,086.84
MAT Matsa Resources 0.037 -3% -5% -12% -8% -41% $ 15,656,175.56
ZAG Zuleika Gold Ltd 0.014 8% 8% -15% -26% -56% $ 6,799,658.13
GML Gateway Mining 0.043 -4% -7% -23% -52% -64% $ 11,985,009.44
SBM St Barbara Limited 0.665 1% 14% 6% -18% -57% $ 538,917,485.70
SBR Sabre Resources 0.025 4% -17% -26% -58% -58% $ 6,995,668.49
STK Strickland Metals 0.037 0% -5% 16% -18% -31% $ 57,532,364.12
SAU Southern Gold 0.019 0% 0% -17% -46% -65% $ 5,705,420.30
CEL Challenger Exp Ltd 0.115 5% -4% -18% -36% -66% $ 115,039,654.29
LRL Labyrinth Resources 0.009 0% -25% -40% -64% -78% $ 8,635,386.09
NST Northern Star 11.64 -2% 5% 4% 51% 9% $ 13,592,355,337.20
OZM Ozaurum Resources 0.042 0% -7% -35% -60% -58% $ 5,334,000.00
TG1 Techgen Metals Ltd 0.062 0% -10% -26% -67% -44% $ 3,429,644.51
XAM Xanadu Mines Ltd 0.033 0% 0% 10% 3% 10% $ 54,048,198.30
CHZ Chesser Resources 0.094 0% 4% 4% 19% -22% $ 55,328,526.71
AQI Alicanto Min Ltd 0.044 5% -4% -17% -8% -56% $ 18,740,971.91
KTA Krakatoa Resources 0.03 7% -12% -23% -56% -33% $ 9,651,877.68
ARN Aldoro Resources 0.21 0% -9% 5% -13% -38% $ 23,711,586.57
WGX Westgold Resources. 1.14 0% 8% 17% 37% -40% $ 539,929,912.20
MBK Metal Bank Ltd 0.03 0% 3% 25% -25% -57% $ 8,294,565.60
A8G Australasian Metals 0.145 0% -9% -19% -52% -70% $ 5,969,721.63
TAR Taruga Minerals 0.016 0% -6% 0% -47% -45% $ 11,296,428.56
DTR Dateline Resources 0.018 0% -5% -40% -80% -81% $ 11,469,816.32
GOR Gold Road Res Ltd 1.64 -2% 11% 12% 27% -1% $ 1,800,067,056.55
S2R S2 Resources 0.14 -3% 4% -3% -3% -20% $ 59,463,270.69
NES Nelson Resources. 0.004 0% -20% -43% -71% -78% $ 2,354,377.31
TLM Talisman Mining 0.135 0% -10% -10% -4% -23% $ 25,344,832.10
BEZ Besragoldinc 0.06 50% 50% 36% 60% -17% $ 14,154,475.52
PRU Perseus Mining Ltd 2.3 -1% 13% 22% 59% 19% $ 3,172,514,422.16
SPQ Superior Resources 0.056 6% -2% -8% 0% 8% $ 90,164,682.15
PUR Pursuit Minerals 0.02 -5% -9% -26% 43% 5% $ 24,932,268.21
RMS Ramelius Resources 1.11 1% 8% 34% 63% -28% $ 960,573,538.10
PKO Peako Limited 0.01 25% -9% -17% -58% -38% $ 3,033,722.26
ICG Inca Minerals Ltd 0.021 5% -9% -5% -38% -79% $ 9,657,067.46
A1G African Gold Ltd. 0.074 6% -9% -18% 9% -55% $ 11,851,784.77
OAU Ora Gold Limited 0.002 0% -33% -60% -62% -80% $ 7,873,850.26
GNM Great Northern 0.0035 0% 0% 0% -30% -36% $ 5,981,678.42
KRM Kingsrose Mining Ltd 0.061 3% -2% -9% 15% -21% $ 44,399,064.62
BTR Brightstar Resources 0.016 0% 0% -11% 0% -43% $ 13,266,061.17
RRL Regis Resources 1.885 0% 5% -2% 27% -11% $ 1,426,998,998.25
M24 Mamba Exploration 0.09 -10% -22% -50% -40% -42% $ 6,098,333.80
TRM Truscott Mining Corp 0.047 0% 12% -68% 18% 47% $ 7,856,381.82
DEX Duke Exploration 0.053 0% 0% 0% 8% -71% $ 5,587,240.23
MOM Moab Minerals Ltd 0.008 0% 0% -11% -71% -71% $ 5,455,707.86
KNB Koonenberrygold 0.053 0% -2% -35% -41% -44% $ 4,015,091.53
AWJ Auric Mining 0.046 0% 0% -12% -45% -48% $ 6,019,541.19
AZS Azure Minerals 0.285 6% 0% -7% 43% -23% $ 105,363,739.44
ENR Encounter Resources 0.12 0% -8% -14% -17% -20% $ 42,663,093.72
SNG Siren Gold 0.095 0% -14% -27% -55% -67% $ 12,754,586.76
STN Saturn Metals 0.19 6% 23% 19% -28% -48% $ 27,278,734.32
USL Unico Silver Limited 0.14 4% 0% 0% -13% -45% $ 33,663,217.68
PNM Pacific Nickel Mines 0.072 -3% 9% 4% -24% -37% $ 27,828,539.16
AYM Australia United Min 0.003 0% 0% 0% -50% -50% $ 5,527,732.46
BRB Breaker Res NL 0.38 1% 33% 33% 62% 52% $ 122,565,309.00
ANL Amani Gold Ltd 0.001 0% 0% 0% -33% -50% $ 24,693,441.13
GCY Gascoyne Res Ltd 0.1 -5% -9% -40% -61% -65% $ 63,938,105.49
HAV Havilah Resources 0.325 -2% -2% -4% -4% 81% $ 104,490,939.30
GCY Gascoyne Res Ltd 0.1 -5% -9% -40% -61% -65% $ 63,938,105.49
PNT Panthermetalsltd 0.15 3% 20% -21% -25% -36% $ 4,458,750.00
MEK Meeka Metals Limited 0.043 0% 8% -10% -39% -14% $ 45,907,184.08
GMD Genesis Minerals 1.045 3% 3% -9% 2% -31% $ 419,258,109.39
PGO Pacgold 0.375 1% 7% -6% -27% -48% $ 20,335,871.55
FEG Far East Gold 0.3 7% -6% -15% -56% 0% $ 37,813,498.80
MI6 Minerals260Limited 0.3 3% -9% 2% 5% -38% $ 63,800,000.00
IGO IGO Limited 12 2% -6% -9% -20% 0% $ 8,913,042,159.01
GAL Galileo Mining Ltd 0.7 30% 6% -14% -42% 233% $ 106,717,460.58
TUL Tulla Resources 0.265 6% 10% -4% -45% -55% $ 80,451,000.50
RXL Rox Resources 0.3 5% 15% 94% 3% -26% $ 63,940,964.10
KIN KIN Min NL 0.044 2% -12% -15% -40% -57% $ 50,660,473.56
CLZ Classic Min Ltd 0.002 0% 0% -50% -88% -99% $ 3,675,563.93
TGM Theta Gold Mines Ltd 0.06 0% -8% -14% -6% -56% $ 37,140,544.38
KCN Kingsgate Consolid. 1.82 4% 25% 20% 17% 26% $ 388,417,395.02
FAL Falconmetalsltd 0.37 1% 16% 30% 85% 3% $ 64,605,000.00
SXG Southern Cross Gold 0.66 4% 2% 0% 116% 0% $ 57,039,487.78
SPD Southernpalladium 0.52 2% 10% -20% -51% 0% $ 21,969,946.77
ORN Orion Minerals Ltd 0.014 -13% -15% -18% -22% -44% $ 76,085,594.58

At Stockhead, we tell it like it is. While Besra Gold is a Stockhead advertiser, it did not sponsor this article.

The post Gold Digger: Forecasters get bullish with banking crisis to drive gold towards all time high appeared first on Stockhead.

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