End of the week, and the month – were there any golden gains to be had in these Fedspeak-dominated times? At least 10 ASX small-caps gold stocks brought it in May.
But before we take a look at those, first, a bit of a gold price round-up and some analytical tidbits…
So then, that was a week, and a weak-ish Friday for the price of gold, which is continuing something of a bearish trend over the past seven days or so.
Join the club, say stocks, crypto and various other commodities and asset classes. No, not you, smug-looking US Dollar (+0.12%) and Treasury yields. You win this round. Damn you.
Gold has slipped by about 3% over the past week, moving down to US$2,347 at the time of writing (from a recent high of more than $2,450), and $3,539 in Aussie dollars.
Even the XGD All Ords Gold index was pointing to a loss by the end of play on Friday (among lots of other notable losses, as seen below).
Chart via Marketindex.com.au
Why is gold down, then? You’ll likely know the reason, but we’ll spoonfeed it anyway.
Yep, you guessed it, it’s largely due to the US Fed, innit. It’s their higher-interest-rates-for-longer vibe, innit. It’s sticky inflation in the US and in Europe and in Australia and elsewhere, innit.
Minneapolis Federal Reserve president Neel Kashkari kicked markets in the guts midweek when he suggested that Fed officials haven’t completely taken the idea of hiking interest rates off the table. So that was fun.
But…
When in doubt, zoom out
Zooming out then, and it’s very likely going to be just fine, if not very fine for the precious yellow one as we roll further into the year. Gold is still very much in an uptrend with YTD performance of +13% and up more than 20% over the past 12 months.
And according to FX Street techincal analysis guru Joaquin Monfort, “the precious metal’s medium and long-term trends are still bullish… suggesting the risk of a recovery remains high, yet price action is not supporting a resumption hypothesis at the moment.”
He adds:
“A decisive break back above the trendline, now at around $2,385, would be required to provide evidence of a recovery and reversal of the short-term downtrend. A decisive break would be one accompanied by a long green bullish candle or three green candles in a row.”
So, from what we’ve gleaned scouting about for further TA on this is that for a short-term bullish scenario the price action to watch out for are a breach back above the US$2,430 level and a hold above $2,450, which could signal a bullish reversal.
A more bearish short-term plotline, however, could see gold prices testing lower support at about US$2,325 and potentially drooping to about $2,260.
Props, by the way, to TradingView and its TA dark arts gurus for the analytical spitballing.
Notable ASX goldie performers in May
Australian Gold and Copper (ASX:AGC)
May gain: 500% (!)
An absolute stonking month it was for AGC – the clear golden gainz frontrunner in May. Earlier this month, AGC hit a 5m intersection at 16.9g/t gold, 1,473g/t silver and 15% lead+zinc as part of a drilling campaign.
Just the other day, too, the company announced firm commitments have been received for an $11 million placement at A$0.32 per share.
Funds will be applied towards the company’s portfolio of exploration assets including the South Cobar Project and for general working capital.
AGC is nicely cashed up, with $21m in the kitty on completion of this placement.
May gain: 154%
The company made a big recent gold discovery at the Christmas Gift prospect within its 14 Mile Well Project in Western Australia.
That included high-grade gold-bearing quartz veinlets found during fieldwork. These veinlets have yielded impressive gold assays, with previous samples showing up to 18,207 grams per tonne of gold.
The company plans to commence a multi-hole diamond drilling program in the June quarter to further evaluate this promising find and test additional potential gold-bearing structures nearby.
May gain: 148%
Falcon is a first and foremost a Bendigo-focused goldie, but it’s been surging this week on mineral sands-related news.
Falcon this week received high-grade results for its 91-hole aircore (AC) drilling program at its Farrelly mineral sands prospect in Victoria, which is a follow-up on high-grade reconnaissance drilling results announced in early March.
Significant drill intercepts include: 26m at 8.9% THM (total heavy mineral concentrate) from 6m, with 15m at 12.9% THM from 13m; and 22m at 9.2% THM from 8m, including 12m at 15.1% THM from 16m as well as 3m at 20.3% THM from 21m.
May gain: 68%
This explorer rose on a “compelling new shallow copper drill target” identified at its Junction copper-gold prospect in Victoria, for imminent drilling.
“New interpretation shows that the east-west orientation of lode-style copper-gold-silver mineralisation at Junction provides an immediate discovery opportunity, drilling to commence as soon as a rig can be mobilised,” wrote the company mid month.
May gain: 64%
BMR reported significant progress at its Dittmer gold/copper project in May.
The company intersected high-grade gold from its Stage 4 drilling program, including a notable intersection of 0.3 meters at 193.45 g/t gold.
The company is preparing for a surface drilling program to explore further extensions and aims to test a substantial gold/copper geochemical anomaly spanning over 2 km of strike.
Among others, also crushing it:
Iltani Resources (ASX:ILT) +64%
Polymetals Resources (ASX:POL) +46%
Krakatoa Resources (ASX:KTA) +45%
Don’t forget Silver, says Sprott
Sprott, a prominent global investment manager that specialises in precious metals, has, in its latest podcast and other offerings, been reminding and highlighting the investment thesis for the second-most valuable precious metal – silver.
Sprott’s senior managing partner Ed Coyne had a good ol chat with MD Maria Smirnova, and this is what we gleaned regarding silver, and why the firm believes it to be a good investment right now, and in fact, in general:
• Industrial demand: Silver is a critical component in various industries, especially in electronics and solar energy, driving up its demand.
• Clean energy transition: Silver’s role in renewable energy, particularly in solar panels, makes it crirical for the ongoing shift towards clean energy.
• Monetary metal: Like gold, silver has historically been used as money and remains a store of value, providing a hedge against inflation and economic instability.
Market dynamics: Silver’s market is smaller compared to gold, which means it can experience more significant price movements, offering higher potential returns.
Supply constraints: Mining production of silver has been declining, and with limited new sources coming online, supply constraints could further drive up prices.
Investment diversity: Including silver in a diversified investment portfolio can, Sprott suggests, enhance overall returns and reduce risk due to its unique properties and market behaviour.
Technological advancements: Emerging technologies such as 5G, electric vehicles, and battery storage systems are expected to increase silver demand significantly in the future.
Undervalued asset: Currently, silver is perceived as undervalued compared to gold, presenting an opportunity for investors to buy at a lower price before a potential market correction.
Backing this up, Smirnova noted: “Silver is used in electric vehicles and vehicles in general. As we transition from internal combustion engines to electric vehicles and hybrids, the loadings of silver are increasing per vehicle.”
Coyne noted: “It’s interesting then, as demand continues to creep up, whether it’s solar or whether it’s industrial in general, the auto industry, and so forth, you got to believe that there’ll be a pinch point somewhere along the way.”
Smirnova: “Despite these continued supply-demand deficits in silver, one of the pushbacks has been on the ground inventories. Silver is held in London, the LBMA, the COMEX, and in Shanghai. In recent years, those above-ground inventories have been over a billion ounces.”
Another shot of Smirnova:
“Silver has always been a metal of two heads. Half of the demand is industrial, and the other half is investment and jewellery. Industrial demand has been gaining importance, now representing over half of the total demand for silver.”
Annnd… one more for the road…
“Silver use in solar alone could easily reach 300 million ounces by 2030. That’s 30% of the silver supply, which is a significant growth from where we are today,” said the Sprott MD.
ASX Winners & Losers
Here’s how ASX-listed precious metals stocks are performing, circa 4pm May 31:
Scroll or swipe to reveal table. Click headings to sort. Best viewed on a laptop.
Stocks missing from this list? Please email [email protected]
Code Company Price % Week % Month % YTD Market Cap MRR Minrex Resources Ltd 0.01 -13% -17% -1% $10,848,675 NPM Newpeak Metals 0.028 -10% 40% 1% $3,461,315 ASO Aston Minerals Ltd 0.014 -22% 17% -1% $16,835,835 MTC Metalstech Ltd 0.21 0% 2% -1% $39,680,464 FFX Firefinch Ltd 0.2 0% 0% 0% $236,569,315 GED Golden Deeps 0.041 -5% 0% -1% $4,736,416 G88 Golden Mile Res Ltd 0.012 -8% 0% -1% $4,934,674 DCXDA Discovex Res Ltd 0.2 0% 0% 0% $6,605,204 NMR Native Mineral Res 0.032 -6% 33% 1% $7,764,469 AQX Alice Queen Ltd 0.007 0% 40% 0% $4,145,940 SLZ Sultan Resources Ltd 0.011 -8% 0% -1% $2,173,451 MKG Mako Gold 0.01 -9% -29% 0% $9,760,082 KSN Kingston Resources 0.081 0% 11% 0% $55,854,578 AMI Aurelia Metals Ltd 0.19 0% -5% 8% $329,504,644 PNX PNX Metals Limited 0.004 -20% -20% 0% $23,880,859 GIB Gibb River Diamonds 0.048 -2% 55% 2% $9,940,944 KCN Kingsgate Consolid. 1.82 4% 12% 45% $452,354,219 TMX Terrain Minerals 0.0035 17% -13% 0% $5,726,683 BNR Bulletin Res Ltd 0.048 2% 2% -9% $14,387,053 NXM Nexus Minerals Ltd 0.047 -23% -27% 0% $18,285,826 SKY SKY Metals Ltd 0.04 -9% 21% 0% $22,992,573 LM8 Lunnonmetalslimited 0.27 -7% -11% -33% $56,639,276 CST Castile Resources 0.086 0% -8% 0% $20,803,609 YRL Yandal Resources 0.14 4% 12% 6% $34,814,990 FAU First Au Ltd 0.003 -14% 0% 0% $4,985,980 ARL Ardea Resources Ltd 0.595 -2% -12% 12% $120,735,564 GWR GWR Group Ltd 0.097 2% -12% 0% $31,158,016 IVR Investigator Res Ltd 0.059 5% 18% 2% $95,032,774 GTR Gti Energy Ltd 0.006 0% 9% 0% $12,299,683 IPT Impact Minerals 0.019 0% 0% 1% $57,623,951 BNZ Benzmining 0.135 4% -16% -12% $14,743,139 MOH Moho Resources 0.004 0% -20% -1% $2,426,302 BCM Brazilian Critical 0.02 -9% -13% -1% $14,173,179 PUA Peak Minerals Ltd 0.004 0% 60% 0% $4,165,506 MRZ Mont Royal Resources 0.055 4% -5% -10% $4,676,639 SMS Starmineralslimited 0.029 7% -22% -1% $2,201,761 MVL Marvel Gold Limited 0.009 0% 0% 0% $7,774,116 PRX Prodigy Gold NL 0.0025 -17% -17% 0% $5,294,436 AAU Antilles Gold Ltd 0.007 -22% -46% -2% $6,975,745 CWX Carawine Resources 0.105 0% 0% -1% $23,612,545 RND Rand Mining Ltd 1.5 0% -6% 13% $83,892,042 CAZ Cazaly Resources 0.022 -24% 29% -1% $9,547,363 BMR Ballymore Resources 0.205 3% 64% 8% $31,811,505 DRE Dreadnought Resources Ltd 0.0165 -3% -3% -1% $56,209,167 ZNC Zenith Minerals Ltd 0.068 -1% -20% -8% $23,961,900 REZ Resourc & En Grp Ltd 0.012 -8% -8% 0% $7,485,669 LEX Lefroy Exploration 0.094 -5% -28% -8% $18,642,639 ERM Emmerson Resources 0.048 -8% 7% -1% $26,146,070 AM7 Arcadia Minerals 0.068 -6% -7% -1% $8,193,507 ADT Adriatic Metals 4.09 -10% -10% 8% $1,053,597,949 AS1 Asara Resources Ltd 0.011 10% 10% 0% $9,703,929 CYL Catalyst Metals 1.11 5% 19% 31% $254,791,176 CHN Chalice Mining Ltd 1.64 -4% 36% -6% $614,562,020 KAL Kalgoorliegoldmining 0.029 -12% -19% 0% $5,072,023 MLS Metals Australia 0.022 5% 0% -2% $15,562,130 ADN Andromeda Metals Ltd 0.017 0% -11% -1% $52,874,606 MEI Meteoric Resources 0.1925 7% -10% -7% $368,172,171 SRN Surefire Rescs NL 0.009 -5% -10% 0% $17,876,770 SIH Sihayo Gold Limited 0.002 -20% 0% 0% $36,612,769 WA8 Warriedarresourltd 0.047 -11% 12% -1% $33,850,035 HMX Hammer Metals Ltd 0.039 0% -15% -1% $32,797,072 WCN White Cliff Min Ltd 0.017 10% 13% 1% $27,614,586 AVM Advance Metals Ltd 0.024 -17% 0% -1% $1,185,540 WRM White Rock Min Ltd 0 -100% -100% -6% $17,508,200 ASR Asra Minerals Ltd 0.0075 7% 7% 0% $11,647,970 MCT Metalicity Limited 0.0025 25% 25% 0% $11,212,737 AME Alto Metals Limited 0.038 -3% 3% -1% $27,417,881 CTO Citigold Corp Ltd 0.005 -38% 0% 0% $15,000,000 TIE Tietto Minerals 0.6775 0% 0% 7% $773,881,054 SMI Santana Minerals Ltd 1.08 -6% -8% 7% $216,176,103 M2R Miramar 0.011 0% 10% -1% $2,046,956 MHC Manhattan Corp Ltd 0.002 -20% 0% 0% $5,873,960 GRL Godolphin Resources 0.027 -4% -7% -1% $5,157,478 SVG Savannah Goldfields 0.028 -20% 0% -2% $7,870,378 EMC Everest Metals Corp 0.125 -11% 26% 5% $22,178,220 GUL Gullewa Limited 0.071 29% 29% 2% $14,538,890 CY5 Cygnus Metals Ltd 0.067 -15% -16% -7% $20,535,140 G50 G50Corp Ltd 0.155 -9% -18% 2% $16,393,500 ADV Ardiden Ltd 0.14 -7% -13% -4% $9,377,626 AAR Astral Resources NL 0.081 -9% 29% 1% $78,380,193 VMC Venus Metals Cor Ltd 0.087 1% -3% -1% $17,075,581 NAE New Age Exploration 0.004 0% 14% 0% $5,381,697 VKA Viking Mines Ltd 0.009 -10% -18% -1% $10,252,584 LCL LCL Resources Ltd 0.011 -8% -15% -1% $10,507,481 MTH Mithril Resources 0.22 -25% 10% 2% $19,875,412 ADG Adelong Gold Limited 0.004 0% 0% 0% $4,471,956 RMX Red Mount Min Ltd 0.001 0% -33% 0% $3,423,577 PRS Prospech Limited 0.039 -7% -15% 1% $10,535,800 TTM Titan Minerals 0.034 42% 13% 1% $56,348,090 NML Navarre Minerals Ltd 0.019 0% 0% 0% $28,555,654 MZZ Matador Mining Ltd 0.069 -5% 1% 2% $37,779,298 KZR Kalamazoo Resources 0.1 -9% 11% -2% $17,986,683 BCN Beacon Minerals 0.028 0% -7% 0% $108,946,277 MAU Magnetic Resources 1.11 6% 8% 9% $286,380,658 BC8 Black Cat Syndicate 0.345 8% 25% 10% $106,450,939 EM2 Eagle Mountain 0.063 -6% -18% -1% $25,536,870 EMR Emerald Res NL 3.72 -2% 5% 71% $2,415,685,526 BYH Bryah Resources Ltd 0.008 -11% 0% -1% $3,483,628 HCH Hot Chili Ltd 1.03 -6% -18% -5% $159,669,192 WAF West African Res Ltd 1.5025 2% 12% 56% $1,469,712,224 MEU Marmota Limited 0.042 -13% -7% 0% $44,469,624 NVA Nova Minerals Ltd 0.23 -4% -18% -13% $50,048,784 SVL Silver Mines Limited 0.1825 -4% 11% 2% $286,526,889 PGD Peregrine Gold 0.27 -4% 17% 3% $18,327,174 ICL Iceni Gold 0.066 2% 154% 1% $18,820,513 FG1 Flynngold 0.027 -21% -18% -2% $7,127,252 WWI West Wits Mining Ltd 0.014 -7% -13% 0% $32,995,091 RML Resolution Minerals 0.002 -33% 0% 0% $3,220,044 AAJ Aruma Resources Ltd 0.017 -6% 6% -1% $3,347,156 AL8 Alderan Resource Ltd 0.005 25% 0% 0% $5,534,307 GMN Gold Mountain Ltd 0.0035 17% 0% 0% $12,494,758 MEG Megado Minerals Ltd 0.011 0% 0% -2% $3,053,467 HMG Hamelingoldlimited 0.09 20% 20% 1% $14,175,000 TBA Tombola Gold Ltd 0.026 0% 0% 0% $33,129,243 BM8 Battery Age Minerals 0.17 0% 70% -2% $14,883,862 TBR Tribune Res Ltd 3.82 3% -15% 87% $199,903,373 FML Focus Minerals Ltd 0.15 0% -21% -4% $45,849,383 GSR Greenstone Resources 0.013 8% 44% 1% $17,852,345 VRC Volt Resources Ltd 0.005 0% 0% 0% $16,634,713 ARV Artemis Resources 0.015 0% -12% 0% $26,462,942 HRN Horizon Gold Ltd 0.27 -2% 0% -3% $38,382,580 CLA Celsius Resource Ltd 0.009 -10% -10% 0% $21,851,215 QML Qmines Limited 0.065 0% 5% -2% $14,875,939 RDN Raiden Resources Ltd 0.042 -14% 14% 0% $122,105,811 TCG Turaco Gold Limited 0.22 0% 29% 9% $157,098,667 KCC Kincora Copper 0.053 43% 36% 1% $10,043,504 GBZ GBM Rsources Ltd 0.011 10% -8% 0% $12,723,578 DTM Dart Mining NL 0.025 -7% -7% 1% $6,719,255 MKR Manuka Resources. 0.044 -2% -41% -3% $34,190,528 AUC Ausgold Limited 0.035 -5% 25% 0% $84,957,225 ANX Anax Metals Ltd 0.037 -18% 32% 1% $24,244,001 EMU EMU NL 0.029 -19% 61% 0% $1,957,296 SFM Santa Fe Minerals 0.04 0% -15% 0% $2,912,752 SSR SSR Mining Inc. 7.99 -3% -5% -783% $34,976,733 PNR Pantoro Limited 0.092 2% 6% 4% $561,396,721 CMM Capricorn Metals 4.7 1% -6% -1% $1,736,628,943 X64 Ten Sixty Four Ltd 0.57 0% 0% 0% $130,184,182 SI6 SI6 Metals Limited 0.0025 -38% -17% 0% $7,106,578 HAW Hawthorn Resources 0.07 0% -7% -2% $23,451,093 BGD Bartongoldholdings 0.3 -2% 3% 4% $68,877,560 SVY Stavely Minerals Ltd 0.047 -4% 68% 0% $18,715,065 AGC AGC Ltd 0.48 -14% 465% 41% $104,444,444 RGL Riversgold 0.007 -13% 17% -1% $8,467,038 TSO Tesoro Gold Ltd 0.037 -3% -5% 1% $47,953,648 GUE Global Uranium 0.094 -10% -2% 0% $26,037,349 CPM Coopermetalslimited 0.1 -13% -26% -24% $8,619,122 MM8 Medallion Metals. 0.048 -17% -14% -2% $14,768,839 FFM Firefly Metals Ltd 0.745 -3% -11% 12% $357,798,756 CBY Canterbury Resources 0.05 -9% -7% 3% $8,758,786 LYN Lycaonresources 0.24 -11% -27% 4% $12,981,282 SFR Sandfire Resources 9.23 1% -3% 189% $4,207,703,444 TMZ Thomson Res Ltd 0.005 0% 0% 0% $4,881,018 TAM Tanami Gold NL 0.036 3% -8% 0% $42,303,494 WMC Wiluna Mining Corp 0 -100% -100% -21% $74,238,031 NWM Norwest Minerals 0.032 -16% -26% 1% $13,584,183 ALK Alkane Resources Ltd 0.565 -3% -10% -9% $334,937,220 BMO Bastion Minerals 0.008 -11% 33% -1% $3,444,671 IDA Indiana Resources 0.079 3% -3% 0% $48,849,191 GSM Golden State Mining 0.01 -9% -17% -1% $2,793,706 NSM Northstaw 0.031 -6% -23% -2% $4,336,149 GSN Great Southern 0.02 0% 0% 0% $15,532,190 RED Red 5 Limited 0.4375 -4% -3% 13% $1,506,753,239 DEG De Grey Mining 1.1325 2% -13% -10% $2,504,344,325 THR Thor Energy PLC 0.019 19% 0% -1% $3,652,811 CDR Codrus Minerals Ltd 0.052 4% 33% 0% $5,849,188 MDI Middle Island Res 0.015 -6% 0% 0% $3,267,810 WTM Waratah Minerals Ltd 0.115 0% -12% -1% $18,833,272 POL Polymetals Resources 0.415 43% 46% 11% $57,666,233 RDS Redstone Resources 0.004 0% 0% 0% $3,701,514 NAG Nagambie Resources 0.01 0% -17% -2% $9,559,628 BGL Bellevue Gold Ltd 1.95 3% 9% 28% $2,172,195,715 GBR Greatbould Resources 0.059 2% -2% -1% $36,375,368 KAI Kairos Minerals Ltd 0.0115 5% -4% 0% $28,830,034 KAU Kaiser Reef 0.15 3% 7% -2% $24,801,365 HRZ Horizon 0.044 -12% 38% 0% $33,647,216 CAI Calidus Resources 0.12 -8% -14% -10% $101,824,137 CDT Castle Minerals 0.006 20% 0% 0% $7,346,958 RSG Resolute Mining 0.555 7% 30% 11% $1,139,041,757 MXR Maximus Resources 0.029 -6% -13% -1% $12,409,903 EVN Evolution Mining Ltd 3.91 3% -4% -5% $7,605,911,813 CXU Cauldron Energy Ltd 0.039 -3% -7% 2% $45,381,633 DLI Delta Lithium 0.2725 -15% -11% -20% $199,754,000 ALY Alchemy Resource Ltd 0.008 14% 14% 0% $9,424,610 HXG Hexagon Energy 0.019 6% 0% 1% $9,232,486 OBM Ora Banda Mining Ltd 0.32 -6% -4% 8% $621,958,887 SLR Silver Lake Resource 1.485 -4% 2% 30% $1,355,379,283 AVW Avira Resources Ltd 0.001 0% 0% 0% $2,663,790 LCY Legacy Iron Ore 0.014 -7% -18% 0% $107,989,676 PDI Predictive Disc Ltd 0.195 5% -7% -2% $433,436,867 MAT Matsa Resources 0.026 -13% -19% 0% $15,413,304 ZAG Zuleika Gold Ltd 0.02 -5% 0% 0% $15,457,796 GML Gateway Mining 0.023 5% 35% 0% $7,600,107 SBM St Barbara Limited 0.235 -18% -11% 3% $192,223,039 SBR Sabre Resources 0.017 -11% 0% -2% $6,736,715 STK Strickland Metals 0.115 15% 0% 2% $196,870,785 ION Iondrive Limited 0.01 -9% 25% 0% $4,862,853 CEL Challenger Gold Ltd 0.066 -7% -14% -1% $93,949,732 LRL Labyrinth Resources 0.005 -17% 0% 0% $7,125,262 NST Northern Star 14.25 0% -5% 60% $16,046,841,912 OZM Ozaurum Resources 0.05 -15% -7% -10% $8,096,250 TG1 Techgen Metals Ltd 0.038 -12% 23% -4% $5,253,435 XAM Xanadu Mines Ltd 0.062 -11% -13% 0% $106,392,373 AQI Alicanto Min Ltd 0.019 -14% -5% -2% $12,311,736 KTA Krakatoa Resources 0.016 -11% 45% -2% $7,553,716 ARN Aldoro Resources 0.075 -1% 7% -5% $10,096,781 WGX Westgold Resources. 2.265 3% 1% 9% $1,065,651,143 MBK Metal Bank Ltd 0.023 5% 15% 0% $8,980,564 A8G Australasian Metals 0.092 21% 44% -8% $5,212,049 TAR Taruga Minerals 0.008 -11% 0% 0% $5,648,214 DTR Dateline Resources 0.012 0% 0% 0% $16,707,028 GOR Gold Road Res Ltd 1.6225 1% -1% -34% $1,738,768,024 S2R S2 Resources 0.12 -4% -11% -5% $56,607,249 NES Nelson Resources. 0.003 0% 0% 0% $1,840,783 TLM Talisman Mining 0.35 -8% 32% 12% $65,912,122 BEZ Besragoldinc 0.11 17% 22% -4% $43,900,595 PRU Perseus Mining Ltd 2.345 -3% 2% 50% $3,145,981,882 SPQ Superior Resources 0.01 11% 0% 0% $18,010,984 PUR Pursuit Minerals 0.0045 -10% -10% 0% $14,719,857 RMS Ramelius Resources 1.945 -3% -7% 26% $2,125,772,629 PKO Peako Limited 0.004 0% 0% 0% $2,108,339 ICG Inca Minerals Ltd 0.007 -13% 0% 0% $5,633,172 A1G African Gold Ltd. 0.032 14% -6% 1% $7,415,687 OAU Ora Gold Limited 0.005 25% -17% 0% $29,030,004 GNM Great Northern 0.011 -21% 0% -1% $1,700,920 KRM Kingsrose Mining Ltd 0.05 -4% 35% 1% $33,863,693 BTR Brightstar Resources 0.015 -12% -12% 0% $48,412,826 RRL Regis Resources 1.835 -6% -17% -35% $1,355,833,160 M24 Mamba Exploration 0.02 -5% -13% -3% $3,681,646 TRM Truscott Mining Corp 0.063 0% -10% 1% $10,922,125 TNC True North Copper 0.057 -17% -30% -4% $41,178,205 MOM Moab Minerals Ltd 0.005 -17% 0% 0% $3,559,815 KNB Koonenberrygold 0.02 -9% 33% -2% $5,755,749 AWJ Auric Mining 0.175 -5% -3% 6% $25,996,840 AZS Azure Minerals 3.69 0% 9% -1% $1,692,527,632 ENR Encounter Resources 0.355 -10% -5% 7% $152,992,538 SNG Siren Gold 0.079 0% 27% 1% $15,981,041 STN Saturn Metals 0.245 -9% -2% 8% $53,760,594 USL Unico Silver Limited 0.16 -6% 7% 4% $47,848,255 PNM Pacific Nickel Mines 0.034 -8% 6% -5% $13,802,352 AYM Australia United Min 0.002 0% -33% 0% $3,685,155 ANL Amani Gold Ltd 0.001 0% 0% 0% $25,143,441 HAV Havilah Resources 0.22 2% -4% 3% $69,660,626 SPR Spartan Resources 0.74 3% 24% 22% $817,391,336 PNT Panthermetalsltd 0.046 -2% 18% -1% $3,835,311 MEK Meeka Metals Limited 0.036 -3% 6% 0% $44,449,522 GMD Genesis Minerals 1.845 3% 5% 6% $2,019,480,005 PGO Pacgold 0.15 -9% -12% -4% $12,621,816 FEG Far East Gold 0.11 -15% -19% -2% $29,622,486 MI6 Minerals260Limited 0.17 -3% 10% -15% $40,950,000 IGO IGO Limited 6.94 -9% -12% -211% $5,285,729,335 GAL Galileo Mining Ltd 0.245 -8% -18% -4% $48,418,107 RXL Rox Resources 0.165 0% -6% -2% $64,836,608 KIN KIN Min NL 0.058 -11% -16% -1% $69,510,882 CLZ Classic Min Ltd 0.0045 -25% -44% -5% $1,634,340 TGM Theta Gold Mines Ltd 0.145 0% -9% 3% $92,500,179 FAL Falconmetalsltd 0.335 116% 148% 19% $47,790,000 SXG Southern Cross Gold 2.88 7% 11% 162% $553,020,951 SPD Southernpalladium 0.44 -17% -12% 7% $22,831,513 ORN Orion Minerals Ltd 0.018 -5% -5% 0% $109,001,489 TMB Tambourahmetals 0.068 -4% -1% -5% $5,805,825 TMS Tennant Minerals Ltd 0.021 -9% -9% -1% $20,073,699 AZY Antipa Minerals Ltd 0.0145 12% 21% 0% $57,953,692 PXX Polarx Limited 0.013 0% 0% 1% $28,706,755 TRE Toubani Res Ltd 0.17 17% 36% 3% $25,936,473 AUN Aurumin 0.04 -5% -5% 1% $17,225,835 GPR Geopacific Resources 0.023 -8% -8% 0% $20,976,137 FXG Felix Gold Limited 0.062 3% -23% 1% $15,296,967 ILT Iltani Resources Lim 0.32 -6% 64% 16% $10,883,362 ARD Argent Minerals 0.022 10% 29% 1% $28,479,809
One last thing. Some head-turning Smaug-like activity here from one of the biggest gold-loving nations in the world…
“ This is the first time since 1991 that India has moved such a heavy scale of gold…”
Source: https://t.co/R8jKfblg2p
— Gold Telegraph (@GoldTelegraph_) May 31, 2024
The post Gold Digger: These small ASX goldies nailed it in May; but don’t you… forget about silver appeared first on Stockhead.
