Gold Digger: Lacklustre week ends on brighter note for yellow metal, as China hoards like there’s no tomorrow

US, Aussie spot gold prices down this week, but safe haven could soon find demand
Canadian gold expert: hyperinflation contagion spreading to US
The week’s top ASX goldies: North Stawell Minerals and Nagambie

It wasn’t the greatest week for gold, But Friday, thankfully was ordinary for everyone else – so there’s a faint, gilt-edged gleam for the precious metal heading into the weekend.

In some sort of return to recent abnormal proceedings, the ASX200 has had a red Friday after Wall Street nosebled post some hawkish Fedspeak, while gold prices rebounded a tad. At the time of writing, the spot gold prices look like this:

In relatively strong US dollars, gold is travelling at $1,962 (a good year to be a Beatle) per ounce.

In relatively pissweak Aussie dollars, we’re talking: $3,087 an oz.

We’re down from this time last week, but still, everyone’s fave safe-haven asset precious metal is clinging to some support and modest gains made overnight.

Meanwhile, here’s a meme-tastic tweet we gold-spotted. It’s possibly applied more to lowered lithium spot pricing and apparent EV downward demand, but it works quite nicely for gold this week, too…

“I’m not worried about this near-term downswing, I’m a long-term holder. It’s only a matter of time before a major picks this up. In fact, the only thing I’m really worried about is being bought out too soon.”#bagholderquotes pic.twitter.com/0qxrlfsqMz

— Mark (@Mark_IKN) November 8, 2023

The week has been punctuated by less media frenzy surrounding the Israel-Hamas conflict and the words, dripping like… tar, from Jerome Powell’s mouth, indicating the door to more rate hikes has been left open.

“The Federal Open Market Committee (FOMC) is committed to achieving a stance of monetary policy that is sufficiently restrictive to bring inflation down to 2 per cent over time; we are not confident that we have achieved such a stance,” said JPow this week.

There are mixed messages from within da Fed, though, with Atlanta Fed bloke Raphael Bostic suggesting the central bank has probably hiked enough and the Chicago Fed’s Austan “Yes, This is My Actual Name” Goolsbee warning of the dangers of interest rate overshooting.

In any case, the gold market hasn’t reacted negatively to Powell’s hawkish words. Luke-warm if anything.

Apropos nothing to do with gold, Powell was clearly feeling the cold, though. Here was his best highlight from the latest Fed speech…

JUST IN: FED Chair Jerome Powell says “just close the f*cking door” after climate protestors interrupt his speech. pic.twitter.com/feDlOteRaz

— Watcher.Guru (@WatcherGuru) November 9, 2023

Meanwhile, hyperinflation is a scary narrative with a gilt edge

Canadian gold bug Frank Giustra is spouting the great gold safe-haven narrative by emphasising a hyperinflation contagion.

Here he is warning that a similar debasing of currencies that’s been occurring in Argentina and Turkey seems to be also taking hold of Japan… which, if it continues, could then have a knock-on effect on the all-important world’s biggest economy – that of the US of A.

Re: Turkish and Argentine currencies Giustra says: “what are they collapsing against? Gold… And we’re starting to see what’s happening in Japan… Japan’s gold is up 50% in yen terms just this year. If Japan starts to unravel because of their monetary policies, that’s when you’re going to start to see a contagion effect into the US.”

Well said @Frank_Giustra

Gold has appreciated by 50% against the Japanese yen this year, coinciding with the beginning of Japan’s economic unravelling.

This is what a game of economic dominos looks like. pic.twitter.com/DyXIbQvI9L

— Gold Telegraph (@GoldTelegraph_) November 9, 2023

With this in mind, plus several other narratives covered off comprehensively by Stockhead‘s Cam Drummond in his latest piece on the precious metal, including spiralling US debt, is it any wonder that central banks the world over have been hedging into and buying up gold aggressively this year?

China stocked up big time in October

And on that note, the Chinese central bank, The People’s Bank of China, has just reported, by the way, that its gold reserves rose by 23 tonnes in October – the 12th consecutive month of buying…

The People’s Bank of China has reported that its #gold reserves rose by 23 tonnes in October – the 12th consecutive month of buying. It’s reported gold reserves now total 2,215 tonnes, 204 tonnes higher than at the start of the year. pic.twitter.com/zWhKLXWDrj

— Krishan Gopaul (@KrishanGopaul) November 7, 2023

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] and/or [email protected]

Code Company Price % Week % Month % Year Market Cap MRR Minrex Resources Ltd 0.0155 11% 3% -63% $17,357,880 NPM Newpeak Metals 0.001 0% 0% 0% $9,995,579 ASO Aston Minerals Ltd 0.034 1% 3% -54% $44,032,185 MTC Metalstech Ltd 0.12 -25% -37% -71% $22,632,551 FFX Firefinch Ltd 0.2 0% 0% 0% $236,569,315 GED Golden Deeps 0.059 18% 9% -51% $6,122,684 G88 Golden Mile Res Ltd 0.025 32% 19% 17% $7,905,348 DCX Discovex Res Ltd 0.002 0% -20% -33% $6,605,136 NMR Native Mineral Res 0.034 3% -26% -83% $6,046,069 AQX Alice Queen Ltd 0.014 0% 0% -72% $1,771,208 SLZ Sultan Resources Ltd 0.016 7% -16% -84% $2,371,041 MKG Mako Gold 0.014 8% 0% -66% $8,064,115 KSN Kingston Resources 0.084 -2% 0% -7% $42,326,756 AMI Aurelia Metals Ltd 0.1025 9% 19% 7% $168,524,321 PNX PNX Metals Limited 0.004 33% 60% -5% $21,522,499 GIB Gibb River Diamonds 0.035 -5% 35% -30% $7,825,849 KCN Kingsgate Consolid. 1.135 0% -3% -38% $295,125,687 TMX Terrain Minerals 0.004 -20% -20% -33% $5,413,711 BNR Bulletin Res Ltd 0.16 7% 74% 10% $48,442,532 NXM Nexus Minerals Ltd 0.038 -5% -16% -79% $15,173,345 SKY SKY Metals Ltd 0.04 3% 0% -15% $18,455,924 LM8 Lunnonmetalslimited 0.72 -5% 3% -4% $151,118,540 CST Castile Resources 0.06 2% 22% -50% $14,997,950 YRL Yandal Resources 0.055 -8% 22% -50% $9,152,579 FAU First Au Ltd 0.002 -20% -33% -60% $2,903,987 ARL Ardea Resources Ltd 0.555 6% -6% -41% $112,903,911 GWR GWR Group Ltd 0.085 13% 18% 47% $27,624,632 IVR Investigator Res Ltd 0.039 -9% 0% -29% $54,612,461 GTR Gti Energy Ltd 0.0075 0% -6% -46% $14,349,630 IPT Impact Minerals 0.013 30% 13% 86% $34,376,447 BNZ Benzmining 0.32 -19% -7% -35% $35,739,672 MOH Moho Resources 0.007 0% 0% -71% $2,380,311 BBX BBX Minerals Ltd 0.027 0% 8% -58% $15,756,296 PUA Peak Minerals Ltd 0.003 20% -25% -50% $3,124,130 MRZ Mont Royal Resources 0.165 -8% -3% -18% $13,990,139 SMS Starmineralslimited 0.038 -3% -5% -45% $2,837,566 MVL Marvel Gold Limited 0.011 0% 22% -54% $9,501,698 PRX Prodigy Gold NL 0.0075 7% -6% -32% $13,133,309 AAU Antilles Gold Ltd 0.023 0% 0% -44% $19,029,769 CWX Carawine Resources 0.105 -13% -18% 24% $20,665,834 RND Rand Mining Ltd 1.245 8% -7% -17% $70,810,571 CAZ Cazaly Resources 0.033 -6% -6% 6% $13,430,102 BMR Ballymore Resources 0.13 4% 37% -19% $19,005,644 DRE Dreadnought Resources Ltd 0.035 9% -22% -65% $117,536,140 ZNC Zenith Minerals Ltd 0.165 38% 50% -41% $58,142,846 REZ Resourc & En Grp Ltd 0.015 0% 7% -17% $7,497,087 LEX Lefroy Exploration 0.185 9% -5% -34% $33,371,298 ERM Emmerson Resources 0.059 2% -2% -31% $32,682,587 AM7 Arcadia Minerals 0.089 5% -15% -72% $8,724,008 ADT Adriatic Metals 3.175 -9% -8% 12% $770,239,285 GMR Golden Rim Resources 0.018 -10% -10% -54% $10,648,591 CYL Catalyst Metals 0.83 14% 36% -34% $182,730,762 CHN Chalice Mining Ltd 1.645 -11% -26% -64% $686,520,232 KAL Kalgoorliegoldmining 0.026 4% -7% -74% $4,007,719 MLS Metals Australia 0.036 0% 16% -8% $22,153,285 ADN Andromeda Metals Ltd 0.026 30% 24% -45% $77,750,211 MEI Meteoric Resources 0.2375 -1% 13% 1596% $466,477,710 SRN Surefire Rescs NL 0.0095 -41% -32% -14% $16,549,349 SIH Sihayo Gold Limited 0.0015 -25% 0% -40% $18,306,384 WA8 Warriedarresourltd 0.059 -5% -12% -63% $31,339,111 HMX Hammer Metals Ltd 0.05 0% 11% -28% $45,206,775 WCN White Cliff Min Ltd 0.0115 15% -12% -32% $13,827,204 AVM Advance Metals Ltd 0.0035 17% -30% -68% $2,059,956 WRM White Rock Min Ltd 0.063 0% 0% -14% $17,508,200 ASR Asra Minerals Ltd 0.008 14% 0% -65% $13,019,734 MCT Metalicity Limited 0.0025 67% 25% -38% $10,627,715 AME Alto Metals Limited 0.042 -7% -5% -40% $29,996,404 CTO Citigold Corp Ltd 0.006 20% 50% -14% $15,805,125 TIE Tietto Minerals 0.585 4% 70% -26% $654,640,462 SMI Santana Minerals Ltd 0.76 21% 45% 23% $133,373,631 M2R Miramar 0.022 2% -52% -76% $3,275,130 MHC Manhattan Corp Ltd 0.004 -20% -27% -33% $11,747,919 GRL Godolphin Resources 0.035 -3% -5% -58% $5,923,471 TRY Troy Resources Ltd 0 -100% -100% -100% $62,920,961 SVG Savannah Goldfields 0.051 -7% -19% -78% $11,024,212 EMC Everest Metals Corp 0.09 -5% -25% -10% $11,995,480 GUL Gullewa Limited 0.055 0% 0% -10% $10,767,521 CY5 Cygnus Metals Ltd 0.155 -9% 15% -74% $46,406,822 G50 Gold50Limited 0.125 0% -11% -17% $13,661,250 ADV Ardiden Ltd 0.005 0% 0% -38% $14,785,844 AAR Astral Resources NL 0.081 -2% -1% 37% $65,766,595 MGV Musgrave Minerals 0 -100% -100% -100% $230,571,100 VMC Venus Metals Cor Ltd 0.105 -5% -16% 17% $19,921,512 NAE New Age Exploration 0.0075 36% 25% -6% $12,557,292 VKA Viking Mines Ltd 0.01 0% 0% 43% $10,252,584 LCL LCL Resources Ltd 0.025 0% -7% -9% $19,063,307 MTH Mithril Resources 0.002 33% 0% -60% $6,737,609 ADG Adelong Gold Limited 0.006 -14% -25% -25% $3,577,934 RMX Red Mount Min Ltd 0.005 25% 0% 0% $10,694,304 PRS Prospech Limited 0.021 11% -13% -27% $4,614,959 XTC Xantippe Res Ltd 0.001 0% 0% -79% $17,528,005 TTM Titan Minerals 0.033 0% -11% -57% $53,373,364 NML Navarre Minerals Ltd 0.019 0% 0% -60% $28,555,654 MZZ Matador Mining Ltd 0.04 3% -18% -65% $15,376,504 KZR Kalamazoo Resources 0.115 35% 21% -45% $20,564,337 BCN Beacon Minerals 0.026 -2% 4% 0% $101,432,741 MAU Magnetic Resources 0.985 -10% 17% 30% $248,978,827 BC8 Black Cat Syndicate 0.22 0% 10% -31% $62,271,895 EM2 Eagle Mountain 0.061 -9% -19% -66% $20,127,813 EMR Emerald Res NL 2.575 -4% 3% 134% $1,597,733,174 BYH Bryah Resources Ltd 0.02 54% 54% -12% $5,737,685 HCH Hot Chili Ltd 1.055 0% -3% 13% $128,403,596 WAF West African Res Ltd 0.825 6% 17% -28% $867,065,550 MEU Marmota Limited 0.04 -2% 25% -13% $43,410,824 NVA Nova Minerals Ltd 0.25 -2% 2% -69% $52,722,490 DCN Dacian Gold Ltd 0.285 6% 138% 90% $346,788,267 SVL Silver Mines Limited 0.165 -3% 0% -13% $231,714,804 PGD Peregrine Gold 0.31 5% 5% -30% $16,883,471 ICL Iceni Gold 0.059 -3% -18% 0% $14,151,571 FG1 Flynngold 0.089 31% 46% -11% $13,229,111 WWI West Wits Mining Ltd 0.013 0% 0% -24% $29,164,700 RML Resolution Minerals 0.006 20% 0% -37% $6,286,459 AAJ Aruma Resources Ltd 0.034 10% 6% -54% $6,694,311 AL8 Alderan Resource Ltd 0.013 30% -13% 86% $8,633,725 GMN Gold Mountain Ltd 0.006 0% 0% -40% $11,345,393 MEG Megado Minerals Ltd 0.034 -3% 3% -44% $8,905,945 HMG Hamelingoldlimited 0.084 -3% 0% -56% $13,230,000 TBA Tombola Gold Ltd 0.026 0% 0% -7% $33,129,243 BM8 Battery Age Minerals 0.2 -5% -9% -60% $18,273,062 TBR Tribune Res Ltd 3.13 4% 3% -2% $161,076,996 FML Focus Minerals Ltd 0.175 -3% 9% -10% $47,282,176 GSR Greenstone Resources 0.007 -13% -13% -71% $9,557,914 VRC Volt Resources Ltd 0.0065 -7% -19% -64% $26,471,684 ARV Artemis Resources 0.033 50% 57% 10% $45,745,133 HRN Horizon Gold Ltd 0.3 0% -4% -7% $37,554,492 CLA Celsius Resource Ltd 0.011 0% 0% 10% $24,706,568 QML Qmines Limited 0.07 -11% -33% -67% $14,975,749 RDN Raiden Resources Ltd 0.048 37% 140% 532% $116,793,258 TCG Turaco Gold Limited 0.062 15% 24% 32% $28,152,133 KCC Kincora Copper 0.026 -16% -21% -62% $4,323,430 GBZ GBM Rsources Ltd 0.016 -24% 7% -70% $9,304,827 DTM Dart Mining NL 0.019 0% -12% -70% $3,683,066 MKR Manuka Resources. 0.04 0% -15% -73% $24,750,883 AUC Ausgold Limited 0.03 3% -6% -35% $67,736,166 ANX Anax Metals Ltd 0.029 -6% -17% -48% $13,946,611 EMU EMU NL 0.0015 0% -40% -64% $2,501,282 SFM Santa Fe Minerals 0.043 0% 0% -51% $3,131,208 SSR SSR Mining Inc. 18.24 -1% -11% -16% $431,318,597 PNR Pantoro Limited 0.047 47% 21% -65% $202,957,190 CMM Capricorn Metals 4.575 -1% 6% 10% $1,748,205,514 X64 Ten Sixty Four Ltd 0.57 0% 0% 0% $130,184,182 SI6 SI6 Metals Limited 0.0055 10% -8% -21% $9,969,297 HAW Hawthorn Resources 0.1 1% 0% 18% $33,501,561 BGD Bartongoldholdings 0.22 -10% 5% 26% $44,968,173 SVY Stavely Minerals Ltd 0.068 0% -7% -51% $25,971,926 AGC AGC Ltd 0.067 6% 14% 0% $6,300,000 RVR Red River Resources 0 -100% -100% -100% $37,847,908 RGL Riversgold 0.009 0% -36% -80% $9,512,615 TSO Tesoro Gold Ltd 0.019 -5% -5% -40% $20,018,639 OKR Okapi Resources 0.125 -7% 4% -40% $25,210,322 CPM Coopermetalslimited 0.14 17% 17% -55% $7,450,471 MM8 Medallion Metals. 0.056 4% -18% -68% $17,843,796 AUT Auteco Minerals 0.032 3% 3% -27% $167,443,108 CBY Canterbury Resources 0.023 0% -15% -43% $3,324,041 LYN Lycaonresources 0.165 -18% -18% -45% $7,613,063 SFR Sandfire Resources 6.05 1% 1% 53% $2,801,363,437 NCM Newcrest Mining 23.35 0% 3% 37% $20,880,287,592 TMZ Thomson Res Ltd 0.005 0% 0% -75% $4,881,018 TAM Tanami Gold NL 0.036 6% -3% -8% $45,828,785 WMC Wiluna Mining Corp 0.205 0% 0% 0% $74,238,031 NWM Norwest Minerals 0.034 11% 31% -33% $8,627,085 ALK Alkane Resources Ltd 0.625 6% 1% -5% $373,876,437 BMO Bastion Minerals 0.016 -16% -11% -73% $3,346,484 IDA Indiana Resources 0.06 20% 0% 7% $35,521,350 GSM Golden State Mining 0.025 32% -29% -38% $4,777,207 NSM Northstaw 0.091 107% 176% -13% $11,111,748 GSN Great Southern 0.028 33% 12% -44% $19,620,515 RED Red 5 Limited 0.33 8% 6% 89% $1,107,900,560 DEG De Grey Mining 1.14 -2% -5% -7% $2,077,955,156 THR Thor Energy PLC 0.025 -7% -14% -72% $4,662,307 CDR Codrus Minerals Ltd 0.056 -13% -14% -18% $5,322,250 MDI Middle Island Res 0.016 -6% -26% -76% $2,250,532 BAT Battery Minerals Ltd 0.042 -11% 50% -72% $4,903,784 POL Polymetals Resources 0.3 0% 0% 50% $45,300,367 RDS Redstone Resources 0.007 0% -22% 17% $6,099,649 NAG Nagambie Resources 0.035 75% 67% -52% $19,778,695 BGL Bellevue Gold Ltd 1.3825 -1% -3% 64% $1,585,627,681 GBR Greatbould Resources 0.065 8% 18% -33% $32,493,551 KAI Kairos Minerals Ltd 0.016 0% -20% -47% $44,555,507 KAU Kaiser Reef 0.16 -6% -9% -6% $23,660,356 HRZ Horizon 0.032 -14% -3% -44% $23,833,445 CAI Calidus Resources 0.1725 -12% 8% -57% $108,317,068 CDT Castle Minerals 0.011 5% 10% -50% $12,097,430 RSG Resolute Mining 0.365 0% 1% 99% $787,748,505 MXR Maximus Resources 0.045 18% 61% -4% $12,824,231 EVN Evolution Mining Ltd 3.68 5% 4% 57% $6,779,208,473 CXU Cauldron Energy Ltd 0.012 33% 22% 26% $13,585,961 DLI Delta Lithium 0.52 -11% -20% -16% $293,570,543 ALY Alchemy Resource Ltd 0.011 5% 5% -76% $13,547,877 HXG Hexagon Energy 0.01 25% 5% -38% $4,616,243 OBM Ora Banda Mining Ltd 0.17 10% 62% 118% $281,398,403 SLR Silver Lake Resource 1.07 0% 16% -14% $1,028,218,766 AVW Avira Resources Ltd 0.002 100% 33% -43% $4,267,580 LCY Legacy Iron Ore 0.017 0% -11% -6% $108,916,045 PDI Predictive Disc Ltd 0.21 -9% 2% 17% $423,990,038 MAT Matsa Resources 0.028 -15% -3% -28% $12,367,525 ZAG Zuleika Gold Ltd 0.015 0% 36% -29% $7,845,759 GML Gateway Mining 0.021 -5% -16% -65% $6,961,133 SBM St Barbara Limited 0.1875 4% 4% -24% $159,504,224 SBR Sabre Resources 0.04 3% 29% 0% $13,930,362 STK Strickland Metals 0.165 50% 112% 293% $281,268,068 SAU Southern Gold 0.014 -7% 0% -50% $5,835,423 CEL Challenger Gold Ltd 0.076 -10% -5% -55% $98,246,090 LRL Labyrinth Resources 0.006 0% -14% -65% $7,125,262 NST Northern Star 11.635 0% 4% 16% $13,641,254,647 OZM Ozaurum Resources 0.145 69% 63% 107% $24,606,250 TG1 Techgen Metals Ltd 0.089 287% 305% -15% $2,083,544 XAM Xanadu Mines Ltd 0.066 5% 2% 128% $124,474,639 CHZ Chesser Resources 0 -100% -100% -100% $65,818,414 AQI Alicanto Min Ltd 0.047 0% 4% -28% $31,254,677 KTA Krakatoa Resources 0.034 26% 70% -43% $18,700,610 ARN Aldoro Resources 0.083 -12% -8% -75% $10,769,899 WGX Westgold Resources. 2.02 -5% 14% 132% $970,926,597 MBK Metal Bank Ltd 0.03 -3% -21% 1% $10,779,111 A8G Australasian Metals 0.18 6% -12% -25% $9,381,689 TAR Taruga Minerals 0.01 -5% -5% -68% $7,060,268 DTR Dateline Resources 0.011 -8% 10% -85% $15,755,347 GOR Gold Road Res Ltd 1.85 0% 7% 21% $2,024,292,596 S2R S2 Resources 0.18 -3% -8% 29% $69,715,559 NES Nelson Resources. 0.004 0% -20% -33% $2,454,377 TLM Talisman Mining 0.165 10% 32% 22% $29,189,654 BEZ Besragoldinc 0.12 0% -11% 258% $50,172,109 PRU Perseus Mining Ltd 1.73 2% 7% -16% $2,410,604,743 SPQ Superior Resources 0.024 -8% 14% -56% $45,863,844 PUR Pursuit Minerals 0.01 11% 0% -17% $29,439,714 RMS Ramelius Resources 1.6225 -1% -2% 86% $1,868,964,480 PKO Peako Limited 0.005 0% -29% -62% $2,635,424 ICG Inca Minerals Ltd 0.017 6% 0% -43% $7,878,396 A1G African Gold Ltd. 0.031 -23% -16% -66% $6,095,204 OAU Ora Gold Limited 0.007 0% -13% 60% $39,354,582 GNM Great Northern 0.021 5% -5% -65% $3,401,840 KRM Kingsrose Mining Ltd 0.048 -4% -2% -16% $36,873,799 BTR Brightstar Resources 0.013 18% 30% -41% $19,158,334 RRL Regis Resources 1.78 3% 12% 0% $1,370,939,937 M24 Mamba Exploration 0.03 3% -35% -74% $1,951,467 TRM Truscott Mining Corp 0.059 -2% 2% 74% $10,228,657 TNC True North Copper 0.14 -3% -13% 164% $36,377,803 MOM Moab Minerals Ltd 0.007 0% -13% -30% $4,983,744 KNB Koonenberrygold 0.036 -5% -12% -54% $4,310,967 AWJ Auric Mining 0.069 15% 57% -7% $9,029,312 AZS Azure Minerals 4 8% 95% 1279% $1,814,619,981 ENR Encounter Resources 0.39 11% 70% 129% $156,809,555 SNG Siren Gold 0.056 -8% -16% -67% $8,901,301 STN Saturn Metals 0.14 0% -13% -37% $24,709,185 USL Unico Silver Limited 0.11 10% 53% -19% $32,565,675 PNM Pacific Nickel Mines 0.1 0% 11% 41% $41,825,311 AYM Australia United Min 0.003 0% 0% -25% $5,527,732 ANL Amani Gold Ltd 0.001 0% 0% -33% $25,143,441 HAV Havilah Resources 0.24 4% 0% -23% $75,993,410 SPR Spartan Resources 0.45 13% 11% 169% $412,605,168 PNT Panthermetalsltd 0.076 4% -4% -60% $4,280,500 MEK Meeka Metals Limited 0.037 6% 0% -41% $42,694,522 GMD Genesis Minerals 1.475 5% 6% 24% $1,613,396,492 PGO Pacgold 0.205 -5% -2% -57% $18,634,532 FEG Far East Gold 0.155 3% -9% -77% $27,993,963 MI6 Minerals260Limited 0.325 -3% -24% -12% $80,730,000 IGO IGO Limited 9.03 -3% -18% -44% $7,012,299,948 GAL Galileo Mining Ltd 0.28 -8% -21% -75% $57,311,229 RXL Rox Resources 0.21 -14% -5% 24% $75,606,733 KIN KIN Min NL 0.055 -2% 45% -30% $65,976,431 CLZ Classic Min Ltd 0.001 0% 0% -92% $12,357,082 TGM Theta Gold Mines Ltd 0.13 4% 0% 63% $88,134,376 FAL Falconmetalsltd 0.14 -7% 8% -36% $23,895,000 SXG Southern Cross Gold 0.88 14% 13% 66% $76,547,280 SPD Southernpalladium 0.38 -1% -4% -53% $16,369,764 ORN Orion Minerals Ltd 0.016 -6% -11% -11% $90,987,222 TMB Tambourahmetals 0.155 -6% 7% 15% $12,026,351 TMS Tennant Minerals Ltd 0.027 8% -4% -23% $17,466,968 AZY Antipa Minerals Ltd 0.015 7% 25% -40% $62,022,119 PXX Polarx Limited 0.007 -13% -26% -13% $10,917,317 TRE Toubaniresourcesinc 0.11 -8% 10% 0% $14,055,895 AUN Aurumin 0.023 -8% -23% -73% $7,324,191 GPR Geopacific Resources 0.018 6% 13% -61% $14,781,440 FXG Felix Gold Limited 0.05 6% -29% -58% $5,935,320

WordPress Tables Plugin

Best-performing goldies over the past week

The week’s biggest gains

North Stawell Minerals (ASX:NSM) : +107%

Nagambie Resources (ASX:NAG) +75%

Avira Resources (ASX:AVW) +100%

Metalicity (ASX:MCT) +67%

Artemis Resources (ASX:ARV) +50%

Who has news?

Which ASX goldies shined over the past seven days? In no particular preferential order, these did…

West Wits Mining’s (ASX:WWI) Qala Shallows is expecting more ground for exploration after acceptance for prospecting were granted by South Africa’s mining authorities. More here.

Brightstar Resources (ASX:BTR) – First ore has been mined from the Selkirk gold deposit under the joint venture between Brightstar Resources and BML Ventures in the Eastern Goldfields. More here.

Strickland Metals (ASX:STK) – With one hole down and four to go, Strickland Metals is committing RC and diamond drill rigs to its Marwari gold discovery, where it hit a spectacular 31m @ 5.6g/t Au. More here.

1300 Smiles (ASX:ONT) – GSM has been placing a fair amount of its recent focus on the highly prospective Yule project in the Pilbara where it’s hunting for Tier 1 gold and lithium not far from De Grey Mining’s (ASX:DEG) world class Hemi gold discovery. However, it’s been trending up this week on news today from its Paynes Find lithium project further to the south in the Murchison region of WA. More here.

Also, Peter Strachan’s ‘Gold’s Stage is set‘ piece is a must read for Aussie gold bugs, in which he flags:

• De Grey Mining (ASX:DEG), which is working towards developing its 6Moz Hemi’s gold Ore Reserve in the Pilbara, with plans to process 10Mt of ore pa to produce 553 Koz pa of gold at an AISC of $1,229/oz.

• Challenger Gold (ASX:CEL), which has completed a detailed Scoping Study on a high-grade core at its Hualilan gold project in Argentina.

• Peregrine Gold (ASX:PGD), which has has been busy drilling at its Newman gold permits, located 25km to the west of Newman, WA.

• Spartan Resources (ASX:SPR), which recently outlined the “spectacular” Never-Never gold deposit, just 2km from its plant and adjacent to its Gilbey’s open pit, where a Resource of 3.8 Mt grading 5.85g/t Au for 721,200 ounces has been estimated, lifting group Resources to 1.96 Moz of gold in 38.5 Mt of mineralisation.

And read Cameron Drummond’s excellent piece, too – Investors are fleeing currency for the safety of gold – which ASX small caps can benefit? – in which he highlights:

• Brightstar Resources (ASX:BTR)

• AuTECO Minerals (ASX:AUT)

and

• Beacon Minerals (ASX:BCN)

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