Gold Digger: The factors driving gold higher will continue to grow – Sprott
Gold could have more steps to climb. Pic: Getty Images
- Factors behind gold’s rise continue to grow: Sprott
- Bullion has big opportunity as investors lose confidence in stability of US Treasuries
- If Donald Trump tries to interfere with Fed independence it could get even better for gold
Sprott, one of the world’s top highest profile resource focused asset managers, continues to see blue sky for gold as bullion starts clawing ‘reserve currency’ share from the US dollar.
That’s the view of market strategist Paul Wong, who says the world is “rapidly deglobalising” and breaking into a multipolar world “with an unknown outcome”.
Central banks have ponied up for more than 1000t of gold in each of the past three years, and Wong suggests this is likely to continue in the wake of trade wars, rising conflict and an increasingly unreliable US Government, which stung its trading partners with extraordinary tariffs last month and is negotiating piecemeal to reconfigure the terms on which they deal with the world’s biggest economy.
Sprott says US Treasuries, typically the safest investment class going back years, are now moving with the volatility of a risk asset.
“A multi-asset reserve system may be necessary to support the new global order,” Wong said.
“This system likely requires an agreed-upon and accepted neutral reserve asset to act as both the “glue” and valuation benchmark for a multi-asset reserve system.
“For now, we see gold as the only neutral reserve asset of sufficient size, liquidity and acceptability. Gold’s unique properties make it an ideal candidate for this role.
“Gold has a large and liquid market, making it accessible for central banks and financial institutions. Gold is recognised and trusted as a store of value, independent of any single nation’s policies or economic conditions. Unlike fiat currencies, gold is not subject to the monetary policies of any one country, making it a politically and monetarily neutral asset.”
Sprott sees higher long-term structural demand from central banks, ongoing geopolitical uncertainty and inflation and currency devaluation as continuing catalysts for higher gold prices, which briefly touched all time highs in April of US$3500/oz and currently roll at ~US$3220/oz.
In-credibility
Threats to undermine the independence of the US Fed are also boosting gold’s case, Wong thinks. One of the big drivers behind gold’s April spike was a call from US President Donald Trump for Jerome Powell, the Fed Chair, to lower interest rates (Trump called him a “loser”, of course). Trumps doubled back after the market responded to those comments by setting the S&P 500 on fire.
“Sovereign currencies and bonds rest on the foundation of the rule of law, strong governance and independent institutions,” Wong said.
“Eroding the Fed’s autonomy would attack all three and risk catalysing a fragile backdrop into a more profound bond market crisis. In such an event, gold would likely soar, as the world’s otherwise reliable asset (U.S. Treasuries) and the world’s currency reserve (U.S. dollar) would likely face a potentially irrecoverable loss of credibility and significant loss of value. Even more damaging cascading risk events are possible.”
On silver, which copped a ~4.3% towelling in April, Wong continues to see positives, saying expects to see it reassert its monetary value after a ‘forced liquidation’ that has it looking closer linked to copper (silver has become increasingly ‘industrial’ in its uses due to rising solar PV demand) than gold.
“Over the medium term, silver’s correlation to gold remains unchanged, meaning that we believe silver’s monetary value will reassert itself in time, as it has over the decades … we continue to see $35 per ounce as a critical level for silver, and we would expect an impulsive move higher on a successful breakout,” Wong said.
Winners & Losers
Here’s how ASX-listed precious metals stocks are performing:
| CODE | COMPANY | PRICE | WEEK % | MONTH % | 6 MONTH % | YEAR % | YTD % | MARKET CAP |
|---|---|---|---|---|---|---|---|---|
| MRR | Minrex Resources Ltd | 0.011 | 29% | 38% | 38% | -4% | 57% | $ 10,848,675.03 |
| NPM | Newpeak Metals | 0.013 | 44% | 18% | 30% | -46% | 18% | $ 4,831,075.97 |
| ASO | Aston Minerals Ltd | 0.023 | 28% | 28% | 156% | 28% | 156% | $ 28,491,413.92 |
| MTC | Metalstech Ltd | 0.14 | 4% | 27% | 22% | -39% | 0% | $ 29,221,027.64 |
| GED | Golden Deeps | 0.018 | 0% | -5% | -36% | -59% | -28% | $ 3,365,388.32 |
| G88 | Golden Mile Res Ltd | 0.015 | 15% | 50% | 36% | 7% | 67% | $ 7,619,469.97 |
| LAT | Latitude 66 Limited | 0.043 | -4% | -14% | -45% | -79% | 13% | $ 6,453,031.73 |
| NMR | Native Mineral Res | 0.17 | 6% | 6% | 347% | 400% | 336% | $ 136,917,627.00 |
| AQX | Alice Queen Ltd | 0.005 | -17% | 0% | -38% | -29% | -38% | $ 5,734,450.34 |
| SLZ | Sultan Resources Ltd | 0.006 | 0% | -33% | -14% | -40% | 0% | $ 1,388,819.46 |
| KSN | Kingston Resources | 0.12 | 38% | 28% | 28% | 41% | 69% | $ 102,880,662.25 |
| AMI | Aurelia Metals Ltd | 0.295 | 2% | -5% | 74% | 44% | 74% | $ 524,697,518.40 |
| GIB | Gibb River Diamonds | 0.037 | 23% | -3% | 16% | -24% | -8% | $ 7,293,321.13 |
| KCN | Kingsgate Consolid. | 2 | 6% | 14% | 37% | 9% | 56% | $ 520,658,417.84 |
| TMX | Terrain Minerals | 0.003 | 0% | 0% | 0% | 0% | 0% | $ 6,745,669.80 |
| BNR | Bulletin Res Ltd | 0.068 | -9% | 6% | 66% | 33% | 74% | $ 19,965,705.96 |
| NXM | Nexus Minerals Ltd | 0.075 | 9% | -4% | 19% | 23% | 67% | $ 45,281,970.98 |
| SKY | SKY Metals Ltd | 0.047 | 4% | 9% | -8% | 7% | -13% | $ 34,113,751.97 |
| LM8 | Lunnonmetalslimited | 0.205 | -11% | -18% | -13% | -34% | -18% | $ 44,125,634.80 |
| CST | Castile Resources | 0.064 | -9% | -11% | -23% | -30% | -20% | $ 19,567,909.12 |
| YRL | Yandal Resources | 0.125 | -29% | -4% | -67% | -4% | -29% | $ 43,292,897.48 |
| FAU | First Au Ltd | 0.0035 | 40% | 75% | 75% | 0% | 75% | $ 6,215,979.83 |
| ARL | Ardea Resources Ltd | 0.415 | 1% | -6% | 14% | -33% | 26% | $ 86,269,295.15 |
| GWR | GWR Group Ltd | 0.097 | -8% | 9% | 17% | -3% | 21% | $ 31,713,452.19 |
| IVR | Investigator Res Ltd | 0.022 | 5% | -12% | -44% | -63% | 10% | $ 34,966,350.63 |
| GTR | Gti Energy Ltd | 0.004 | 33% | 33% | 0% | -33% | 14% | $ 10,496,323.82 |
| IPT | Impact Minerals | 0.006 | 0% | 20% | -47% | -70% | -36% | $ 21,754,314.83 |
| BNZ | Benzmining | 0.395 | 10% | -2% | 41% | 204% | 14% | $ 64,494,721.60 |
| MOH | Moho Resources | 0.006 | 20% | 100% | 20% | 50% | 20% | $ 4,472,484.16 |
| BCM | Brazilian Critical | 0.009 | 0% | 0% | -18% | -63% | 0% | $ 9,566,627.29 |
| PUA | Peak Minerals Ltd | 0.019 | 0% | 111% | 201% | 425% | 145% | $ 50,531,783.22 |
| MRZ | Mont Royal Resources | 0.041 | 0% | 0% | 3% | -23% | -5% | $ 3,486,221.51 |
| SMS | Starmineralslimited | 0.025 | 0% | -17% | -34% | -1% | -31% | $ 3,795,166.33 |
| MVL | Marvel Gold Limited | 0.016 | 14% | 7% | 78% | 100% | 78% | $ 15,116,337.31 |
| PRX | Prodigy Gold NL | 0.002 | 0% | 0% | 0% | -25% | 0% | $ 6,350,111.10 |
| AAU | Antilles Gold Ltd | 0.004 | 0% | 14% | 0% | -60% | 33% | $ 8,505,470.73 |
| CWX | Carawine Resources | 0.096 | -4% | 2% | -17% | -4% | -4% | $ 22,668,043.10 |
| RND | Rand Mining Ltd | 1.935 | 4% | 3% | 2% | 29% | 28% | $ 109,486,224.93 |
| CAZ | Cazaly Resources | 0.016 | 7% | 14% | 23% | -33% | 14% | $ 7,380,847.86 |
| BMR | Ballymore Resources | 0.155 | -9% | 48% | 11% | -23% | 29% | $ 27,393,240.68 |
| DRE | Dreadnought Resources Ltd | 0.012 | -8% | 0% | -20% | -29% | 0% | $ 66,033,500.00 |
| ZNC | Zenith Minerals Ltd | 0.042 | -9% | -14% | 2% | -40% | 5% | $ 16,705,098.30 |
| REZ | Resourc & En Grp Ltd | 0.013 | -19% | -48% | -55% | 0% | -43% | $ 10,746,225.95 |
| LEX | Lefroy Exploration | 0.085 | 10% | 5% | 10% | -14% | 21% | $ 19,376,770.76 |
| ERM | Emmerson Resources | 0.125 | -4% | -14% | 98% | 140% | 62% | $ 82,630,454.27 |
| AM7 | Arcadia Minerals | 0.019 | 6% | 6% | -32% | -74% | 0% | $ 2,230,285.23 |
| ADT | Adriatic Metals | 5.04 | 35% | 12% | 24% | 8% | 29% | $ 1,507,399,576.80 |
| AS1 | Asara Resources Ltd | 0.052 | 21% | 8% | 136% | 373% | 174% | $ 53,957,714.55 |
| CYL | Catalyst Metals | 6.35 | -3% | -5% | 96% | 470% | 146% | $ 1,504,156,836.16 |
| CHN | Chalice Mining Ltd | 1.23 | 20% | 18% | -9% | -28% | 11% | $ 435,710,002.56 |
| KAL | Kalgoorliegoldmining | 0.039 | -5% | -28% | 77% | 44% | 117% | $ 15,639,949.26 |
| MLS | Metals Australia | 0.02 | 8% | 5% | -23% | -13% | -13% | $ 13,116,951.43 |
| ADN | Andromeda Metals Ltd | 0.011 | -21% | 22% | 57% | -35% | 57% | $ 41,946,773.81 |
| MEI | Meteoric Resources | 0.105 | 0% | 0% | 7% | -43% | 24% | $ 245,370,592.11 |
| SRN | Surefire Rescs NL | 0.003 | 0% | -25% | -14% | -67% | -14% | $ 7,459,336.17 |
| WA8 | Warriedarresourltd | 0.115 | 15% | 49% | 117% | 113% | 161% | $ 119,610,251.13 |
| HMX | Hammer Metals Ltd | 0.031 | -6% | 48% | -13% | -21% | -6% | $ 26,632,761.00 |
| WCN | White Cliff Min Ltd | 0.027 | -7% | 29% | 69% | 80% | 69% | $ 54,285,580.94 |
| AVM | Advance Metals Ltd | 0.041 | -2% | -21% | 24% | 41% | 21% | $ 11,131,463.03 |
| ASR | Asra Minerals Ltd | 0.0025 | 0% | 25% | -17% | -64% | -17% | $ 5,533,072.31 |
| ARI | Arika Resources | 0.034 | 13% | 26% | 3% | 70% | 26% | $ 26,540,250.20 |
| CTO | Citigold Corp Ltd | 0.004 | 0% | 0% | 0% | -43% | 0% | $ 9,000,000.00 |
| SMI | Santana Minerals Ltd | 0.555 | 6% | -8% | 6% | 42% | 14% | $ 401,108,864.63 |
| M2R | Miramar | 0.004 | 33% | 100% | -33% | -58% | 33% | $ 2,990,469.86 |
| MHC | Manhattan Corp Ltd | 0.024 | 9% | 41% | 20% | -28% | 26% | $ 5,402,674.65 |
| GRL | Godolphin Resources | 0.01 | 0% | 0% | -29% | -64% | -31% | $ 4,039,859.81 |
| SVG | Savannah Goldfields | 0.022 | 0% | -4% | 20% | -19% | 20% | $ 25,114,694.86 |
| EMC | Everest Metals Corp | 0.15 | 3% | 7% | 20% | 3% | 11% | $ 33,619,688.25 |
| GUL | Gullewa Limited | 0.07 | 0% | -24% | 11% | 27% | 25% | $ 15,261,552.04 |
| CY5 | Cygnus Metals Ltd | 0.075 | 1% | -22% | -40% | -10% | -25% | $ 65,537,138.67 |
| G50 | G50Corp Ltd | 0.125 | 14% | 0% | -32% | -26% | -19% | $ 16,059,765.90 |
| ADV | Ardiden Ltd | 0.145 | -3% | 7% | 12% | -3% | 7% | $ 9,065,038.37 |
| AAR | Astral Resources NL | 0.17 | 17% | 0% | 31% | 91% | 26% | $ 233,875,639.47 |
| VMC | Venus Metals Cor Ltd | 0.11 | 11% | 16% | 57% | 28% | 64% | $ 20,593,511.72 |
| NAE | New Age Exploration | 0.004 | 0% | 0% | -11% | 0% | 14% | $ 10,637,595.64 |
| VKA | Viking Mines Ltd | 0.007 | 0% | 17% | -36% | -30% | -13% | $ 10,079,615.62 |
| LCL | LCL Resources Ltd | 0.007 | 0% | -13% | -22% | -42% | -30% | $ 8,363,688.95 |
| MTH | Mithril Silver Gold | 0.355 | 1% | 3% | -16% | 25% | -11% | $ 53,203,685.53 |
| ADG | Adelong Gold Limited | 0.007 | 0% | 0% | 40% | 75% | 56% | $ 10,481,146.49 |
| RMX | Red Mount Min Ltd | 0.007 | -13% | 0% | -36% | -30% | -22% | $ 3,719,662.37 |
| PRS | Prospech Limited | 0.024 | -4% | 0% | -17% | -43% | -17% | $ 7,891,821.29 |
| TTM | Titan Minerals | 0.395 | 10% | -6% | -4% | 65% | 4% | $ 99,068,168.28 |
| AKA | Aureka Limited | 0.125 | 4% | -17% | 14% | -99% | -7% | $ 13,316,536.48 |
| AAM | Aumegametals | 0.034 | 3% | -17% | -13% | -54% | -19% | $ 21,748,069.51 |
| KZR | Kalamazoo Resources | 0.0855 | -1% | -3% | 2% | -22% | 16% | $ 18,648,448.95 |
| BCN | Beacon Minerals | 0.027 | -4% | -4% | 23% | -7% | 23% | $ 114,112,676.93 |
| MAU | Magnetic Resources | 1.66 | 13% | 9% | 33% | 55% | 50% | $ 442,764,760.35 |
| BC8 | Black Cat Syndicate | 0.835 | 4% | -22% | 33% | 153% | 48% | $ 604,794,918.69 |
| EM2 | Eagle Mountain | 0.005 | -9% | -17% | -84% | -92% | -44% | $ 5,675,186.45 |
| EMR | Emerald Res NL | 4.57 | 12% | 3% | 24% | 17% | 41% | $ 3,043,842,645.34 |
| BYH | Bryah Resources Ltd | 0.004 | 0% | -20% | 33% | -56% | 33% | $ 3,479,814.09 |
| HCH | Hot Chili Ltd | 0.515 | 4% | 14% | -34% | -56% | -26% | $ 80,345,958.97 |
| WAF | West African Res Ltd | 2.65 | 20% | 3% | 77% | 78% | 85% | $ 2,986,512,321.38 |
| MEU | Marmota Limited | 0.044 | -2% | 13% | 13% | -8% | 13% | $ 50,667,148.97 |
| NVA | Nova Minerals Ltd | 0.32 | -3% | -6% | 56% | 36% | -14% | $ 108,204,134.70 |
| SVL | Silver Mines Limited | 0.097 | 5% | 0% | -3% | -52% | 24% | $ 176,197,763.81 |
| PGD | Peregrine Gold | 0.14 | -3% | -18% | 8% | -49% | 0% | $ 11,454,445.04 |
| ICL | Iceni Gold | 0.06 | 7% | -2% | 7% | -13% | -15% | $ 18,378,686.00 |
| FG1 | Flynngold | 0.023 | -8% | 5% | -23% | -30% | -8% | $ 9,782,911.75 |
| WWI | West Wits Mining Ltd | 0.03 | 50% | 58% | 114% | 100% | 114% | $ 78,753,501.69 |
| RML | Resolution Minerals | 0.013 | 44% | 63% | -19% | -46% | 8% | $ 6,835,229.12 |
| AAJ | Aruma Resources Ltd | 0.01 | -9% | 0% | -38% | -44% | -17% | $ 2,775,727.14 |
| HWK | Hawk Resources. | 0.019 | 6% | 0% | -37% | -47% | -14% | $ 5,418,588.98 |
| GMN | Gold Mountain Ltd | 0.0015 | 0% | 0% | -25% | -63% | -50% | $ 10,267,776.44 |
| MEG | Megado Minerals Ltd | 0.014 | 17% | 40% | 17% | 13% | -18% | $ 5,455,882.41 |
| HMG | Hamelingoldlimited | 0.07 | -22% | -22% | -11% | -7% | 9% | $ 13,781,250.00 |
| BM8 | Battery Age Minerals | 0.05 | -15% | -15% | -42% | -67% | -52% | $ 6,460,266.62 |
| TBR | Tribune Res Ltd | 4.74 | -1% | -8% | -4% | 25% | 10% | $ 256,044,215.76 |
| FML | Focus Minerals Ltd | 0.23 | -4% | -6% | 28% | 53% | 35% | $ 68,774,074.80 |
| VRC | Volt Resources Ltd | 0.005 | 0% | 0% | 25% | 0% | 67% | $ 23,423,889.92 |
| ARV | Artemis Resources | 0.006 | -14% | -25% | -45% | -60% | -25% | $ 15,171,175.85 |
| HRN | Horizon Gold Ltd | 0.5 | -4% | 11% | 4% | 82% | 4% | $ 72,419,961.50 |
| CLA | Celsius Resource Ltd | 0.007 | 0% | 0% | -36% | -30% | -36% | $ 21,948,419.16 |
| QML | Qmines Limited | 0.034 | -8% | -21% | -44% | -53% | -37% | $ 14,582,698.12 |
| RDN | Raiden Resources Ltd | 0.006 | 50% | 9% | -74% | -87% | -45% | $ 20,705,348.65 |
| TCG | Turaco Gold Limited | 0.45 | 13% | 1% | 45% | 100% | 76% | $ 397,047,842.84 |
| KCC | Kincora Copper | 0.033 | 0% | -11% | 0% | -11% | 22% | $ 7,105,172.01 |
| GBZ | GBM Rsources Ltd | 0.0075 | -17% | -17% | 7% | -38% | -6% | $ 9,368,559.82 |
| DTM | Dart Mining NL | 0.003 | -25% | -33% | -73% | -89% | -67% | $ 4,193,194.52 |
| MKR | Manuka Resources. | 0.036 | 3% | -5% | -8% | -27% | 29% | $ 27,566,100.75 |
| AUC | Ausgold Limited | 0.61 | 2% | 9% | 36% | 56% | 45% | $ 225,192,325.68 |
| ANX | Anax Metals Ltd | 0.008 | -11% | 60% | -27% | -82% | -33% | $ 7,062,460.54 |
| EMU | EMU NL | 0.019 | -21% | -17% | -30% | -29% | -30% | $ 4,013,720.89 |
| SFM | Santa Fe Minerals | 0.037 | 0% | 0% | 23% | -8% | 19% | $ 2,694,295.19 |
| PNR | Pantoro Gold Limited | 3.43 | 16% | 14% | 102% | 122% | 124% | $ 1,335,150,120.85 |
| CMM | Capricorn Metals | 9.26 | 10% | -9% | 42% | 89% | 47% | $ 4,013,256,775.01 |
| VRL | Verity Resources | 0.024 | -4% | 100% | 23% | -69% | 23% | $ 7,187,096.28 |
| HAW | Hawthorn Resources | 0.05 | -9% | 14% | 0% | -26% | 22% | $ 16,750,780.65 |
| BGD | Bartongoldholdings | 0.675 | 5% | 41% | 160% | 114% | 176% | $ 147,774,156.98 |
| SVY | Stavely Minerals Ltd | 0.011 | -8% | -21% | -56% | -78% | -35% | $ 5,984,463.02 |
| AGC | AGC Ltd | 0.155 | -3% | 7% | -26% | -67% | 0% | $ 41,055,555.52 |
| RGL | Riversgold | 0.004 | -11% | -11% | 33% | -43% | 0% | $ 6,734,850.37 |
| TSO | Tesoro Gold Ltd | 0.027 | 0% | -16% | 17% | -37% | 35% | $ 52,427,723.58 |
| GUE | Global Uranium | 0.065 | 8% | 20% | 7% | -46% | 8% | $ 27,916,660.95 |
| CPM | Coopermetalslimited | 0.037 | 0% | 3% | -24% | -68% | -20% | $ 2,977,514.70 |
| MM8 | Medallion Metals. | 0.27 | 13% | 8% | 229% | 343% | 125% | $ 129,265,380.90 |
| FFM | Firefly Metals Ltd | 0.99 | 9% | 29% | -15% | 22% | 7% | $ 574,445,279.00 |
| CBY | Canterbury Resources | 0.021 | 11% | -5% | -13% | -64% | -5% | $ 4,453,699.71 |
| SLA | Solara Minerals | 0.125 | 14% | 14% | -47% | -58% | 39% | $ 6,668,254.65 |
| SFR | Sandfire Resources | 10.99 | 3% | 16% | 7% | 12% | 18% | $ 5,054,381,178.60 |
| TAM | Tanami Gold NL | 0.039 | 8% | 8% | 34% | 11% | 30% | $ 44,066,139.23 |
| NWM | Norwest Minerals | 0.012 | 20% | 0% | -22% | -63% | 0% | $ 5,821,434.12 |
| ALK | Alkane Resources Ltd | 0.735 | 4% | -11% | 43% | 18% | 44% | $ 442,045,581.16 |
| BMO | Bastion Minerals | 0.0015 | -50% | -50% | -70% | -85% | -63% | $ 903,627.56 |
| IDA | Indiana Resources | 0.08 | 4% | 0% | 40% | 81% | 31% | $ 52,061,329.10 |
| GSM | Golden State Mining | 0.009 | 0% | 13% | 0% | -25% | 13% | $ 2,514,335.67 |
| NSM | Northstaw | 0.039 | -3% | -5% | 255% | 45% | 144% | $ 10,399,707.00 |
| GSN | Great Southern | 0.022 | 0% | 0% | 16% | 10% | 47% | $ 21,929,694.38 |
| VAU | Vault Minerals Ltd | 0.45 | 8% | -9% | 30% | -6% | 36% | $ 3,061,113,021.90 |
| THR | Thor Energy PLC | 0.01 | -9% | -9% | -23% | -38% | -23% | $ 7,107,898.35 |
| CDR | Codrus Minerals Ltd | 0.034 | -11% | 48% | 89% | -32% | 100% | $ 5,623,175.14 |
| MDI | Middle Island Res | 0.018 | -5% | 6% | 20% | 13% | 50% | $ 5,246,769.04 |
| WTM | Waratah Minerals Ltd | 0.34 | -3% | 89% | 100% | 196% | 119% | $ 79,394,170.44 |
| POL | Polymetals Resources | 0.81 | 3% | -16% | 12% | 189% | 2% | $ 206,722,851.91 |
| RDS | Redstone Resources | 0.007 | 17% | 133% | 180% | 75% | 180% | $ 5,552,270.76 |
| NAG | Nagambie Resources | 0.016 | -16% | -30% | -11% | 33% | -11% | $ 13,656,139.85 |
| BGL | Bellevue Gold Ltd | 0.91 | 10% | -1% | -33% | -55% | -19% | $ 1,343,456,757.37 |
| GBR | Greatbould Resources | 0.065 | 0% | -24% | 51% | 8% | 51% | $ 47,153,038.31 |
| KAI | Kairos Minerals Ltd | 0.028 | 8% | 33% | 75% | 155% | 133% | $ 71,034,629.10 |
| KAU | Kaiser Reef | 0.165 | -3% | -15% | 3% | 14% | 3% | $ 94,967,384.00 |
| HRZ | Horizon | 0.049 | 0% | -29% | 7% | 7% | 23% | $ 107,368,332.69 |
| CDT | Castle Minerals | 0.092 | 12% | 61% | 53% | -39% | 53% | $ 11,252,928.29 |
| RSG | Resolute Mining | 0.62 | 13% | 23% | 53% | 16% | 57% | $ 1,341,301,508.19 |
| EVN | Evolution Mining Ltd | 8.77 | 15% | -1% | 73% | 120% | 82% | $ 17,741,073,651.76 |
| CXU | Cauldron Energy Ltd | 0.009 | 13% | 13% | -40% | -77% | -25% | $ 10,229,832.26 |
| DLI | Delta Lithium | 0.185 | -8% | 19% | -3% | -44% | 9% | $ 136,142,940.48 |
| ALY | Alchemy Resource Ltd | 0.007 | 17% | 17% | 0% | 0% | 0% | $ 8,246,533.79 |
| NH3 | Nh3Cleanenergyltd | 0.023 | -12% | 0% | 5% | 28% | 28% | $ 12,985,910.06 |
| OBM | Ora Banda Mining Ltd | 1.04 | 10% | -13% | 40% | 201% | 60% | $ 1,977,922,412.55 |
| AVW | Avira Resources Ltd | 0.007 | 0% | -13% | -65% | -65% | -65% | $ 1,535,000.00 |
| LCY | Legacy Iron Ore | 0.009 | 0% | 13% | -10% | -33% | -10% | $ 87,858,383.26 |
| PDI | Predictive Disc Ltd | 0.43 | 21% | 15% | 72% | 132% | 87% | $ 1,100,543,098.62 |
| MAT | Matsa Resources | 0.067 | 0% | 5% | 46% | 123% | 91% | $ 48,375,787.42 |
| ZAG | Zuleika Gold Ltd | 0.011 | -8% | -8% | -39% | -48% | -15% | $ 8,160,679.20 |
| GML | Gateway Mining | 0.034 | 26% | 13% | 48% | 36% | 62% | $ 13,082,249.44 |
| SBM | St Barbara Limited | 0.315 | 15% | 2% | -9% | 9% | 40% | $ 341,096,597.42 |
| SBR | Sabre Resources | 0.009 | 13% | 50% | -10% | -53% | -10% | $ 3,155,695.46 |
| STK | Strickland Metals | 0.12 | 9% | 20% | 52% | 24% | 41% | $ 271,483,175.64 |
| CEL | Challenger Gold Ltd | 0.084 | 11% | -5% | 75% | 15% | 79% | $ 135,240,735.12 |
| GG8 | Gorilla Gold Mines | 0.495 | 5% | -9% | 94% | 1073% | 90% | $ 319,859,011.83 |
| NST | Northern Star | 20.35 | 13% | -12% | 14% | 39% | 32% | $ 28,966,553,086.50 |
| OZM | Ozaurum Resources | 0.086 | 18% | -28% | 169% | 43% | 187% | $ 19,236,157.33 |
| TG1 | Techgen Metals Ltd | 0.025 | -4% | 0% | -31% | -40% | -29% | $ 3,966,642.75 |
| XAM | Xanadu Mines Ltd | 0.081 | 59% | 40% | 56% | 16% | 65% | $ 160,350,524.48 |
| AQI | Alicanto Min Ltd | 0.028 | 0% | -7% | -18% | 39% | -24% | $ 22,899,860.35 |
| KTA | Krakatoa Resources | 0.01 | 11% | 0% | 5% | -44% | 5% | $ 6,201,340.25 |
| ARN | Aldoro Resources | 0.335 | 12% | -36% | 314% | 347% | -12% | $ 54,278,466.43 |
| WGX | Westgold Resources. | 2.86 | 13% | -12% | 0% | 24% | 1% | $ 2,687,862,616.50 |
| MBK | Metal Bank Ltd | 0.011 | -8% | 10% | -39% | -44% | -27% | $ 5,472,048.98 |
| A8G | Australasian Metals | 0.076 | 10% | 9% | 3% | 0% | -4% | $ 4,225,949.93 |
| TAR | Taruga Minerals | 0.008 | -11% | -11% | -20% | -11% | -20% | $ 5,710,032.46 |
| DTR | Dateline Resources | 0.055 | 72% | 686% | 1471% | 358% | 1471% | $ 140,990,514.35 |
| GOR | Gold Road Res Ltd | 3.36 | 5% | 0% | 76% | 105% | 64% | $ 3,639,436,851.00 |
| S2R | S2 Resources | 0.091 | -7% | -13% | 14% | -27% | 36% | $ 40,757,219.37 |
| NES | Nelson Resources. | 0.0025 | 25% | -17% | 25% | -17% | -17% | $ 5,429,819.15 |
| TLM | Talisman Mining | 0.145 | -9% | -6% | -31% | -62% | -29% | $ 27,306,450.61 |
| BEZ | Besragoldinc | 0.04 | -7% | -18% | -40% | -58% | -56% | $ 15,373,091.19 |
| PRU | Perseus Mining Ltd | 3.75 | 16% | 4% | 40% | 53% | 46% | $ 5,120,305,586.25 |
| SPQ | Superior Resources | 0.004 | 0% | 0% | -43% | -50% | -33% | $ 9,483,930.90 |
| PUR | Pursuit Minerals | 0.04 | -5% | -5% | -73% | -84% | -58% | $ 3,989,358.52 |
| RMS | Ramelius Resources | 2.81 | 17% | -4% | 34% | 35% | 36% | $ 3,256,633,786.48 |
| PKO | Peako Limited | 0.002 | -20% | -33% | -33% | -14% | -33% | $ 3,719,354.90 |
| ICG | Inca Minerals Ltd | 0.004 | -20% | -20% | -38% | -43% | -20% | $ 7,093,755.28 |
| A1G | African Gold Ltd. | 0.135 | 17% | 13% | 145% | 382% | 145% | $ 57,602,379.12 |
| NMG | New Murchison Gold | 0.014 | -7% | -22% | 56% | 211% | 56% | $ 147,762,751.61 |
| GNM | Great Northern | 0.019 | 19% | 27% | 58% | 36% | 36% | $ 3,092,581.54 |
| KRM | Kingsrose Mining Ltd | 0.03 | -6% | -6% | -9% | -47% | -14% | $ 23,359,322.09 |
| BTR | Brightstar Resources | 0.665 | 8% | 21% | 16% | 56% | 33% | $ 302,449,582.08 |
| RRL | Regis Resources | 4.94 | 15% | 1% | 86% | 133% | 94% | $ 3,777,388,670.00 |
| M24 | Mamba Exploration | 0.014 | 0% | 27% | 17% | -36% | 17% | $ 4,427,484.15 |
| TRM | Truscott Mining Corp | 0.065 | -10% | 8% | -13% | 4% | -17% | $ 13,209,950.64 |
| TNC | True North Copper | 0.32 | 73% | 60% | -89% | -95% | -89% | $ 40,268,485.12 |
| MOM | Moab Minerals Ltd | 0.0015 | 50% | 50% | -63% | -70% | -25% | $ 1,733,666.03 |
| KNB | Koonenberrygold | 0.07 | -10% | -7% | 367% | 250% | 483% | $ 64,953,780.94 |
| AWJ | Auric Mining | 0.21 | -9% | -26% | -26% | 14% | -38% | $ 28,301,140.49 |
| ENR | Encounter Resources | 0.245 | 9% | 32% | -36% | -39% | -25% | $ 117,216,194.97 |
| SNG | Siren Gold | 0.047 | -9% | -19% | -31% | -44% | -28% | $ 10,510,589.23 |
| STN | Saturn Metals | 0.31 | 19% | -9% | 32% | 15% | 51% | $ 124,672,362.13 |
| USL | Unico Silver Limited | 0.23 | 15% | 0% | 7% | 24% | 18% | $ 102,916,782.43 |
| PNM | Pacific Nickel Mines | 0.024 | 0% | 0% | 0% | -35% | 0% | $ 10,103,834.52 |
| AYM | Australia United Min | 0.003 | 0% | 50% | 0% | 50% | -25% | $ 5,527,732.46 |
| HAV | Havilah Resources | 0.1675 | 2% | -7% | -14% | -22% | -26% | $ 55,977,288.84 |
| SPR | Spartan Resources | 2.19 | 16% | -4% | 71% | 204% | 55% | $ 2,806,628,626.77 |
| PNT | Panthermetalsltd | 0.015 | 7% | 7% | -21% | -54% | 36% | $ 3,911,759.12 |
| MEK | Meeka Metals Limited | 0.14 | 12% | -13% | 97% | 268% | 82% | $ 364,740,999.65 |
| GMD | Genesis Minerals | 4.34 | 18% | -2% | 74% | 130% | 76% | $ 4,959,351,084.70 |
| PGO | Pacgold | 0.076 | 7% | 17% | -11% | -55% | 1% | $ 9,990,529.69 |
| FEG | Far East Gold | 0.145 | 0% | 7% | -15% | 21% | -19% | $ 55,054,117.95 |
| MI6 | Minerals260Limited | 0.155 | 19% | 15% | 19% | -18% | 19% | $ 330,773,333.28 |
| IGO | IGO Limited | 4.21 | -4% | 23% | -15% | -45% | -12% | $ 3,135,088,745.82 |
| GAL | Galileo Mining Ltd | 0.125 | 14% | 14% | -7% | -53% | 0% | $ 23,714,991.24 |
| RXL | Rox Resources | 0.305 | 9% | -22% | 97% | 74% | 53% | $ 219,748,849.20 |
| PTN | Patronus Resources | 0.059 | 4% | -9% | -8% | -12% | 20% | $ 94,969,072.63 |
| CLZ | Classic Min Ltd | 0.001 | 0% | 0% | 0% | -86% | 0% | $ 1,544,025.56 |
| TGM | Theta Gold Mines Ltd | 0.13 | 0% | -4% | -28% | -13% | -28% | $ 114,325,721.38 |
| FAL | Falconmetalsltd | 0.12 | 4% | 20% | -11% | -25% | 4% | $ 23,010,000.00 |
| SPD | Southernpalladium | 0.35 | 52% | 23% | -50% | -31% | -42% | $ 28,649,250.00 |
| ORN | Orion Minerals Ltd | 0.012 | 0% | -8% | -25% | -37% | -20% | $ 82,205,373.82 |
| TMB | Tambourahmetals | 0.022 | 0% | -21% | -24% | -71% | 5% | $ 2,586,981.01 |
| TMS | Tennant Minerals Ltd | 0.007 | -13% | 17% | -42% | -71% | -22% | $ 6,691,232.91 |
| AZY | Antipa Minerals Ltd | 0.62 | 35% | 7% | 158% | 343% | 138% | $ 373,481,629.30 |
| PXX | Polarx Limited | 0.008 | 14% | 0% | 14% | -38% | 23% | $ 16,628,506.85 |
| TRE | Toubani Res Ltd | 0.31 | 13% | 5% | 68% | 100% | 82% | $ 81,051,060.20 |
| AUN | Aurumin | 0.079 | 1% | 34% | 34% | 88% | 20% | $ 33,115,429.65 |
| GPR | Geopacific Resources | 0.018 | -10% | -22% | -19% | -34% | -10% | $ 63,649,306.52 |
| FXG | Felix Gold Limited | 0.14 | -3% | -22% | 94% | 150% | 67% | $ 55,477,952.46 |
| ILT | Iltani Resources Lim | 0.225 | -6% | -4% | 32% | -36% | 10% | $ 9,982,720.35 |
| BRX | Belararoxlimited | 0.115 | 15% | 0% | -49% | -51% | -34% | $ 18,933,452.40 |
| TM1 | Terra Metals Limited | 0.028 | 0% | 8% | -8% | -42% | 0% | $ 11,623,781.74 |
| TOR | Torque Met | 0.12 | 24% | 25% | 145% | -44% | 126% | $ 31,011,351.49 |
| ARD | Argent Minerals | 0.02 | 11% | -9% | -20% | -13% | 18% | $ 30,358,450.08 |
| LM1 | Leeuwin Metals Ltd | 0.14 | 4% | -22% | 92% | 100% | 0% | $ 14,112,893.76 |
| SX2 | Southgold Consol | 5.86 | 4% | 3% | 0% | 0% | 0% | $ 848,871,426.54 |
It’s been a hard slog for nickel explorer Moho, but you’re never really dead in this caper and this week some gold prospects delivered signs of life for the tiddler.
The key announcement came on Friday, when Moho announced soil samples from its Silver Swan North prospect highlighted a coherent 4km long by 1km long wide +10ppb gold anomaly.
That ranged up to 71ppb, with a 1.4km long core at a higher average grade of +20ppb Au.
It’s a continuation of Horizon Minerals’ Southern Anomaly and located close to a bunch of processing plants.
The area’s gold potential has come into sharper focus thanks to Horizon Minerals’ acquisition of Poseidon Nickel, which owned the adjacent Black Swan concentrator, around 40km northeast of Kalgoorlie.
Horizon Minerals (ASX:HRZ) is planning to turn the plant into a gold mill, with nickel’s downturn precipitating the infrastructure’s sale to Ashok Parekh-chaired HRZ.
BRX was up big without explanation on Friday as investors continue to wait for the outcome of assays from drilling at its Toro-Malambo-Tambo asset in Argentina.
The project is located near BHP and Lundin’s Filo Del Sol deposit, recently revealed as one of the largest copper discoveries in decades, with some massive gold and silver resource numbers as well.
Belararox collected some handy funds last week after announcing it had negotiated an option for Tim Goyder’s Minerals 260 (ASX:MI6) to acquire tenements contiguous to its holding at the 2.3Moz Bullabulling gold mine near Coolgardie in WA.
The junior collected $150,000 cash on the announcement of the option agreement, with MI6 able to acquire the tenements for $600,000 in cash or shares within the next two years.
The deal reduces BRX’s tenement holding costs and allows it to focus on its higher potential TMT copper project in Argentina and strategic early stage assets in Botswana.
Kairos lifted after announcing the appointment of former De Grey Mining chairman Simon Lill, who oversaw its board as the firm went from microcap to $6bn takeover prey of Northern Star Resources on the back of its discovery of the 11.2Moz Hemi gold project in the Pilbara.
Kairos hosts 1.4Moz in a single pit shell 55km from Hemi at the Mt York gold project. Lill is spreading his expertise across a number of junior gold players on the back of his success at De Grey.
He has also been proposed as the chairman of future ASX gold IPO Ballard Mining, a spinoff of the 1.1Moz Mt Ida gold project from Gina Rinehart, Mineral Resources (ASX:MIN) and Idemitsu backed Delta Lithium (ASX:DLI).
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