Gold Digger: Yellow metal on the March as WGC eyes central bank and election boosts

Gold hit an all-time high this week, ending Friday in reasonably strong form
The World Gold Council predicts global elections and Fed cuts could keep the precious metal elevated
ASX gold stocks performing well this week included: KNB, SXG, AWJ

What’s happening in the world near and far pertaining to gold on Friday March 8? Let’s take a quick squizz.

What with the yellow metal achieving an all-time high this week, it’s been a very good time to be a gold bug just lately. Bitcoin bug, too, actually – but that’s another story of value.

At last check, spot gold pricing was soaring around US$2,160, while the precious yellow commodity was changing hands for a handy $3,260 Aussie bucks.

Yes, there’s been a bit of profit taking end of week, but what’s been causing the surges? Mostly, it’s bets on rate cuts from Jerome Powell and mates over at the US Federal Reserve.

Powell has been testifying before the US Senate Banking Committee this week and said that the Fed is “not far” from achieving the confidence that inflation is moving closer to the Fed’s 2% goal, in which case the central bank would begin a series of interest-rate cuts.

And what’s the CME Fedwatch Tool Bat Computer saying? Just waiting for the printout… A 74% chance of a June rate cut and up around 91% for July. Holy perfect storm, Batman – particularly if the USD itself continues to spiral.

As for March, April and May interest rate cuts? Expectations for those seem to be thrown out the window, but the Fed has surprised the market before.

By the way, why are interest rate cuts good for gold? Actually, our Josh explained it very nicely recently:

“Rate cuts are good for investments like gold because bullion does not pay interest. As rates fall the attractiveness of liquidating solid investments like gold to cash dissipates.”

Thanks Josh.

Low interest rates tend to weigh on the US dollar, which historically has an inclination to inversely correlate to the price of gold.

As Eddy reported in his Closing Bell column just now, all eyes are now tonight’s key US employment data.

“Friday’s jobs data could be a wild one,” Andrew Brenner at Natalliance Securities told Bloomberg, adding that bond yields could swing dramatically.

World Gold Council takes

A prominent and respected market data and analytical source for the global gold industry, the World Gold Council works across all sections of the broad gold galaxy – from mining to investment – with, it says, the aim of stimulating and sustaining demand for gold.

The WGC has just released its latest market commentary since the commodity hit all time highs again late this week. Here are some of the more noteworthy takeaways from that – their specific words in quotes, obviously:

• Gold is on the March after a lacklustre February. But why the Feb dip?

“A rise in the US 10-year Treasury yield (+34bps) appeared to be the major culprit in driving gold lower… Continued outperformance from the Magnificent Seven stocks (Mag7), also likely contributed to gold’s lacklustre performance.

• Fed up? The March Fed meeting looms as important, says the WGC:

“It will provide investors, following a slew of strong data, with the first set of dot plots since December’s dovish tilt. Even though markets have priced out a cut, the argument for is as vehement as the argument against. Uncertainty reigns in monetary policy.”

• And Iran, Iran so far away… the WGC is keeping an eye on the volatile Middle Eastern country’s elections: “The country’s consumers are major gold buyers and their elections could pave the way for an important political secession.”

Iran is the sixth largest buyer of gold jewellery, bars and coins, according to the WGC.

• Election risks. “2024 is peppered with political event risk as important elections line up in a more divisive world,” added the Council.

This includes, of course, the blockbuster US election Fight of the Century between gaffe-prone, hair-challenged, limp-bellied senior citizens.

“Elections will come thick and fast this year. Some outcomes will be domestically contained but others may spill over into the current tense geopolitical climate.”

As we know, geopolitical risks are a major driver for bullion, and there remain plenty of those to keep the safe haven narrative afloat for months/years to come.

Source: World Gold Council

• Central banks keep buying in January. The Council noted that the world’s central banks added another 39 tonnes to global gold reserves in the first month of this year.

“Turkey and China again led the charge among buyers, while significant sales were virtually non-existent,” said the WGC, adding:

“The themes underpinning central bank demand remain in play, and have in some cases intensified, likely keeping central bank demand well supported in 2024.”

• In conclusion, the WGC noted:

“Gold’s strong bounce at the start of March has taken gold to new consecutive all-time highs. This suggests a market itching for a trigger, aided by recent strong reported Chinese demand, a quietly bullish sell-side gold forecast and weaker US ISM numbers on 1 March.”

ASX Winners & Losers

Here’s how ASX-listed precious metals stocks are performing, circa 3pm March 8:

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 % Year Market Cap MRR Minrex Resources Ltd 0.013 -13% 8% -58% $14,103,278 NPM Newpeak Metals 0.012 0% -25% -88% $1,199,421 ASO Aston Minerals Ltd 0.015 0% -21% -88% $20,721,028 MTC Metalstech Ltd 0.19 27% 15% -57% $32,122,280 FFX Firefinch Ltd 0.2 0% 0% 0% $236,569,315 GED Golden Deeps 0.041 3% 8% -57% $4,620,894 G88 Golden Mile Res Ltd 0.011 0% -21% -21% $4,523,451 DCX Discovex Res Ltd 0.002 100% 33% -33% $6,605,136 NMR Native Mineral Res 0.023 -12% 15% -66% $4,824,262 AQX Alice Queen Ltd 0.005 0% 0% -71% $3,454,921 SLZ Sultan Resources Ltd 0.025 92% 69% -51% $3,852,941 MKG Mako Gold 0.015 25% -38% -63% $14,640,123 KSN Kingston Resources 0.084 8% 2% -12% $40,832,870 AMI Aurelia Metals Ltd 0.14 4% 27% 28% $236,567,437 PNX PNX Metals Limited 0.005 0% 11% 67% $32,283,748 GIB Gibb River Diamonds 0.028 -7% -15% -49% $5,922,264 KCN Kingsgate Consolid. 1.395 16% 17% -7% $358,274,852 TMX Terrain Minerals 0.004 -20% 0% -43% $5,726,683 BNR Bulletin Res Ltd 0.07 -5% -16% -33% $20,846,546 NXM Nexus Minerals Ltd 0.039 11% 8% -77% $15,173,345 SKY SKY Metals Ltd 0.042 0% 31% -18% $18,455,924 LM8 Lunnonmetalslimited 0.245 2% -9% -73% $55,548,240 CST Castile Resources 0.07 -4% -21% -25% $17,416,975 YRL Yandal Resources 0.11 5% -6% 21% $31,912,209 FAU First Au Ltd 0.003 0% 0% 0% $4,985,980 ARL Ardea Resources Ltd 0.545 16% 40% 3% $107,374,219 GWR GWR Group Ltd 0.096 4% 8% 55% $30,515,582 IVR Investigator Res Ltd 0.04 21% 11% 11% $63,355,183 GTR Gti Energy Ltd 0.0085 6% -15% -14% $17,424,550 IPT Impact Minerals 0.015 25% 36% 88% $42,970,558 BNZ Benzmining 0.135 -7% -18% -68% $16,135,306 MOH Moho Resources 0.005 -17% -17% -71% $3,235,069 BCM Brazilian Critical 0.024 4% -4% -77% $18,498,920 PUA Peak Minerals Ltd 0.0025 0% -17% -50% $2,603,442 MRZ Mont Royal Resources 0.064 -19% -29% -63% $5,441,907 SMS Starmineralslimited 0.034 -8% -26% -51% $2,885,066 MVL Marvel Gold Limited 0.011 0% 10% -42% $9,501,698 PRX Prodigy Gold NL 0.005 67% 25% -55% $7,004,431 AAU Antilles Gold Ltd 0.022 0% 5% -33% $18,866,074 CWX Carawine Resources 0.11 15% 10% 23% $23,612,545 RND Rand Mining Ltd 1.25 0% -7% -10% $71,094,951 CAZ Cazaly Resources 0.02 0% -5% -31% $8,638,090 BMR Ballymore Resources 0.1 4% -17% -33% $17,280,397 DRE Dreadnought Resources Ltd 0.02 5% 5% -72% $66,149,886 ZNC Zenith Minerals Ltd 0.09 10% -22% -59% $31,714,279 REZ Resourc & En Grp Ltd 0.01 11% 0% -23% $4,998,058 LEX Lefroy Exploration 0.11 -8% -21% -51% $22,969,789 ERM Emmerson Resources 0.048 -4% -6% -38% $27,235,489 AM7 Arcadia Minerals 0.07 -13% 6% -69% $7,633,507 ADT Adriatic Metals 3.565 2% 2% -2% $854,014,966 AS1 Asara Resources Ltd 0.009 0% -25% -69% $7,134,578 CYL Catalyst Metals 0.63 29% 19% -51% $133,195,314 CHN Chalice Mining Ltd 1.295 15% 36% -80% $517,321,194 KAL Kalgoorliegoldmining 0.025 9% 14% -69% $3,645,517 MLS Metals Australia 0.026 0% -13% -42% $18,391,608 ADN Andromeda Metals Ltd 0.03 11% 30% -41% $93,308,128 MEI Meteoric Resources 0.215 19% 23% 87% $437,826,366 SRN Surefire Rescs NL 0.012 9% 0% -37% $21,596,386 SIH Sihayo Gold Limited 0.001 0% -50% -50% $12,204,256 WA8 Warriedarresourltd 0.04 38% 0% -75% $21,849,814 HMX Hammer Metals Ltd 0.036 0% -5% -43% $32,797,072 WCN White Cliff Min Ltd 0.016 -6% -6% 60% $21,016,144 AVM Advance Metals Ltd 0.035 13% -3% -83% $1,402,973 WRM White Rock Min Ltd 0.063 0% 0% -5% $17,508,200 ASR Asra Minerals Ltd 0.005 0% -17% -58% $9,983,974 MCT Metalicity Limited 0.002 0% 0% 0% $11,212,634 AME Alto Metals Limited 0.032 14% 19% -48% $21,645,695 CTO Citigold Corp Ltd 0.005 0% 0% -9% $12,000,000 TIE Tietto Minerals 0.61 2% 0% 1% $694,882,627 SMI Santana Minerals Ltd 1.365 23% -5% 65% $242,740,008 M2R Miramar 0.016 -6% -20% -67% $2,381,913 MHC Manhattan Corp Ltd 0.003 0% 0% -50% $8,810,939 GRL Godolphin Resources 0.033 -3% -13% -47% $5,584,987 SVG Savannah Goldfields 0.033 10% -11% -79% $8,189,455 EMC Everest Metals Corp 0.078 -3% -5% -5% $12,649,799 GUL Gullewa Limited 0.055 0% 0% -7% $11,262,521 CY5 Cygnus Metals Ltd 0.059 -6% -16% -84% $18,076,667 G50 Gold50Limited 0.086 19% -14% -62% $8,415,330 ADV Ardiden Ltd 0.145 4% -22% -52% $9,065,038 AAR Astral Resources NL 0.06 2% -15% -14% $45,999,657 VMC Venus Metals Cor Ltd 0.095 -1% -5% 9% $18,024,225 NAE New Age Exploration 0.004 -20% 0% -33% $8,969,495 VKA Viking Mines Ltd 0.01 -17% -29% -5% $10,252,584 LCL LCL Resources Ltd 0.012 20% 9% -63% $10,507,481 MTH Mithril Resources 0.002 0% 0% 0% $6,737,609 ADG Adelong Gold Limited 0.0045 0% -10% -44% $2,871,956 RMX Red Mount Min Ltd 0.002 0% -33% -56% $5,347,152 PRS Prospech Limited 0.034 6% 10% 41% $8,914,908 TTM Titan Minerals 0.029 32% 53% -53% $49,179,542 NML Navarre Minerals Ltd 0.019 0% 0% -44% $28,555,654 MZZ Matador Mining Ltd 0.041 3% 14% -49% $20,986,443 KZR Kalamazoo Resources 0.095 -2% -14% -44% $14,858,301 BCN Beacon Minerals 0.025 9% 4% -14% $90,162,436 MAU Magnetic Resources 1.09 12% 17% 51% $270,357,322 BC8 Black Cat Syndicate 0.255 31% 19% -34% $73,435,591 EM2 Eagle Mountain 0.074 12% 19% -61% $20,432,780 EMR Emerald Res NL 3.09 12% 1% 117% $1,952,522,495 BYH Bryah Resources Ltd 0.008 0% -11% -65% $3,483,628 HCH Hot Chili Ltd 1.03 0% -1% 13% $119,445,206 WAF West African Res Ltd 1.0425 18% 23% 9% $1,057,371,420 MEU Marmota Limited 0.047 4% -13% 9% $48,704,826 NVA Nova Minerals Ltd 0.29 16% 4% -44% $60,103,668 SVL Silver Mines Limited 0.15 7% 7% 0% $219,538,710 PGD Peregrine Gold 0.22 -4% -19% -48% $14,529,361 ICL Iceni Gold 0.025 32% -38% -73% $7,643,393 FG1 Flynngold 0.042 -7% -21% -44% $7,058,059 WWI West Wits Mining Ltd 0.017 31% 70% 55% $41,316,658 RML Resolution Minerals 0.0035 17% 17% -42% $3,779,990 AAJ Aruma Resources Ltd 0.018 20% -10% -72% $3,347,156 AL8 Alderan Resource Ltd 0.005 25% 67% -29% $6,641,168 GMN Gold Mountain Ltd 0.005 25% 43% 25% $9,111,514 MEG Megado Minerals Ltd 0.011 0% -35% -75% $2,799,011 HMG Hamelingoldlimited 0.071 0% -10% -22% $11,182,500 TBA Tombola Gold Ltd 0.026 0% 0% 0% $33,129,243 BM8 Battery Age Minerals 0.14 -7% 0% -71% $13,764,048 TBR Tribune Res Ltd 3.22 11% 12% 0% $168,947,208 FML Focus Minerals Ltd 0.17 3% 6% 0% $50,147,763 GSR Greenstone Resources 0.007 0% 17% -68% $9,576,794 VRC Volt Resources Ltd 0.005 -23% 0% -58% $24,780,640 ARV Artemis Resources 0.02 43% 43% 33% $30,441,531 HRN Horizon Gold Ltd 0.27 10% -2% -9% $35,485,781 CLA Celsius Resource Ltd 0.013 8% 18% -19% $29,198,672 QML Qmines Limited 0.061 -13% -19% -62% $13,221,324 RDN Raiden Resources Ltd 0.024 -4% 9% 405% $66,414,628 TCG Turaco Gold Limited 0.15 7% 36% 134% $85,272,889 KCC Kincora Copper 0.031 0% -11% -59% $6,135,504 GBZ GBM Rsources Ltd 0.009 13% 0% -75% $8,910,781 DTM Dart Mining NL 0.015 7% 7% -67% $3,413,694 MKR Manuka Resources. 0.085 16% 16% 27% $47,988,011 AUC Ausgold Limited 0.031 19% 15% -40% $66,588,095 ANX Anax Metals Ltd 0.0195 -3% -7% -70% $10,848,959 EMU EMU NL 0.001 0% 0% -50% $2,024,771 SFM Santa Fe Minerals 0.045 0% 5% -34% $3,276,846 SSR SSR Mining Inc. 6.67 4% -54% -67% $32,637,116 PNR Pantoro Limited 0.051 24% 24% -7% $260,201,526 CMM Capricorn Metals 5.25 11% 21% 34% $1,966,400,042 X64 Ten Sixty Four Ltd 0.57 0% 0% 0% $130,184,182 SI6 SI6 Metals Limited 0.004 0% -20% -33% $7,975,438 HAW Hawthorn Resources 0.077 -5% -16% -14% $25,796,202 BGD Bartongoldholdings 0.255 0% 0% 11% $51,111,314 SVY Stavely Minerals Ltd 0.034 -3% -3% -85% $13,367,903 AGC AGC Ltd 0.075 -12% 6% 42% $17,555,556 RGL Riversgold 0.008 -11% -11% -58% $8,708,953 TSO Tesoro Gold Ltd 0.029 26% 12% -12% $35,657,841 GUE Global Uranium 0.105 -5% -22% -36% $26,351,332 CPM Coopermetalslimited 0.315 17% 5% 17% $24,682,030 MM8 Medallion Metals. 0.055 8% -8% -57% $16,920,841 FFM Firefly Metals Ltd 0.55 12% 12% -13% $201,295,304 CBY Canterbury Resources 0.028 -13% 4% -30% $4,637,004 LYN Lycaonresources 0.155 -9% -23% -33% $6,828,719 SFR Sandfire Resources 7.85 3% 10% 31% $3,665,079,080 TMZ Thomson Res Ltd 0.005 0% 0% 0% $4,881,018 TAM Tanami Gold NL 0.032 14% 0% -14% $37,603,105 WMC Wiluna Mining Corp 0.205 0% 0% 0% $74,238,031 NWM Norwest Minerals 0.032 3% 23% -14% $11,499,824 ALK Alkane Resources Ltd 0.5825 21% 6% -19% $353,010,830 BMO Bastion Minerals 0.009 -10% -22% -71% $2,802,997 IDA Indiana Resources 0.079 0% -8% 52% $50,449,439 GSM Golden State Mining 0.011 10% -8% -72% $2,793,706 NSM Northstaw 0.034 -11% -29% -74% $4,895,652 GSN Great Southern 0.022 16% 16% 5% $18,111,245 RED Red 5 Limited 0.36 9% 13% 167% $1,246,968,198 DEG De Grey Mining 1.305 3% 11% -8% $2,452,926,821 THR Thor Energy PLC 0.026 4% -19% -57% $4,604,303 CDR Codrus Minerals Ltd 0.044 -8% -12% -54% $4,065,050 MDI Middle Island Res 0.015 0% -12% -67% $3,700,118 WTM Waratah Minerals Ltd 0.063 -10% -37% -53% $9,409,963 POL Polymetals Resources 0.27 -7% 4% 59% $41,768,719 RDS Redstone Resources 0.0045 13% 13% -55% $4,164,203 NAG Nagambie Resources 0.025 -14% 4% -57% $19,915,892 BGL Bellevue Gold Ltd 1.555 2% 21% 32% $1,848,426,706 GBR Greatbould Resources 0.063 9% 7% -35% $38,315,981 KAI Kairos Minerals Ltd 0.014 8% -7% -19% $36,692,771 KAU Kaiser Reef 0.14 17% 33% -19% $25,656,584 HRZ Horizon 0.036 -14% 0% -31% $24,534,429 CAI Calidus Resources 0.15 -6% -14% -40% $91,896,909 CDT Castle Minerals 0.0065 0% -7% -69% $7,959,204 RSG Resolute Mining 0.385 15% 3% 38% $840,974,755 MXR Maximus Resources 0.033 10% 0% -3% $10,591,210 EVN Evolution Mining Ltd 3.315 12% 7% 15% $6,533,537,824 CXU Cauldron Energy Ltd 0.043 13% -7% 445% $44,852,128 DLI Delta Lithium 0.325 -3% 16% -18% $227,782,285 ALY Alchemy Resource Ltd 0.008 0% 0% -50% $9,424,610 HXG Hexagon Energy 0.016 33% 33% 7% $6,667,907 OBM Ora Banda Mining Ltd 0.2775 9% 16% 122% $469,565,795 SLR Silver Lake Resource 1.215 13% 8% 17% $1,140,388,086 AVW Avira Resources Ltd 0.001 0% -50% -67% $2,133,790 LCY Legacy Iron Ore 0.015 0% 0% -21% $123,416,772 PDI Predictive Disc Ltd 0.225 15% 13% 29% $467,154,920 MAT Matsa Resources 0.028 4% -3% -32% $13,407,073 ZAG Zuleika Gold Ltd 0.017 0% 0% 13% $12,513,454 GML Gateway Mining 0.03 36% 50% -32% $10,363,783 SBM St Barbara Limited 0.175 17% 6% -30% $147,234,668 SBR Sabre Resources 0.018 6% -14% -45% $6,175,322 STK Strickland Metals 0.089 16% -1% 128% $149,429,032 ION Iondrive Limited 0.009 -10% 0% -59% $4,376,568 CEL Challenger Gold Ltd 0.084 2% 8% -35% $97,109,965 LRL Labyrinth Resources 0.006 50% -14% -52% $7,125,262 NST Northern Star 14.35 11% 8% 35% $16,548,784,070 OZM Ozaurum Resources 0.066 -1% -6% 32% $10,636,250 TG1 Techgen Metals Ltd 0.035 -15% 3% -45% $5,085,303 XAM Xanadu Mines Ltd 0.043 2% -16% 43% $72,072,252 AQI Alicanto Min Ltd 0.035 35% 40% -29% $18,460,104 KTA Krakatoa Resources 0.011 -15% -39% -71% $5,193,179 ARN Aldoro Resources 0.081 -9% -13% -65% $11,173,771 WGX Westgold Resources. 2.44 24% 23% 154% $1,165,111,916 MBK Metal Bank Ltd 0.022 22% 0% 1% $9,371,023 A8G Australasian Metals 0.071 -5% -28% -53% $3,648,435 TAR Taruga Minerals 0.007 0% -22% -59% $4,942,187 DTR Dateline Resources 0.012 0% 20% -37% $17,433,421 GOR Gold Road Res Ltd 1.62 9% 10% 10% $1,790,910,725 S2R S2 Resources 0.15 7% 11% 11% $72,457,279 NES Nelson Resources. 0.004 0% 0% -33% $2,454,377 TLM Talisman Mining 0.18 3% 0% 22% $35,780,866 BEZ Besragoldinc 0.15 7% -3% 275% $60,624,631 PRU Perseus Mining Ltd 2.01 15% 18% -5% $2,843,277,389 SPQ Superior Resources 0.01 11% -9% -82% $20,012,204 PUR Pursuit Minerals 0.005 0% 25% -81% $14,719,857 RMS Ramelius Resources 1.54 7% 1% 40% $1,763,103,234 PKO Peako Limited 0.004 33% 33% -67% $2,108,339 ICG Inca Minerals Ltd 0.006 -14% -21% -71% $3,526,958 A1G African Gold Ltd. 0.037 6% -8% -57% $6,264,515 OAU Ora Gold Limited 0.006 0% 20% 50% $34,440,005 GNM Great Northern 0.017 6% -11% -72% $2,628,694 KRM Kingsrose Mining Ltd 0.0345 11% 8% -49% $27,090,955 BTR Brightstar Resources 0.016 33% 45% -6% $37,926,062 RRL Regis Resources 2.04 12% 4% 17% $1,525,784,392 M24 Mamba Exploration 0.027 -16% -49% -78% $5,154,304 TRM Truscott Mining Corp 0.05 0% 0% -17% $8,668,353 TNC True North Copper 0.089 -7% 2% 68% $33,220,160 MOM Moab Minerals Ltd 0.007 0% 0% -13% $4,983,744 KNB Koonenberrygold 0.032 113% -22% -57% $3,113,476 AWJ Auric Mining 0.175 46% 59% 289% $22,900,428 AZS Azure Minerals 3.605 2% -1% 1165% $1,651,246,470 ENR Encounter Resources 0.28 4% 4% 93% $110,618,965 SNG Siren Gold 0.055 12% -5% -50% $11,060,853 STN Saturn Metals 0.16 0% 7% 19% $35,804,396 USL Unico Silver Limited 0.1 11% 2% -23% $31,085,417 PNM Pacific Nickel Mines 0.043 16% 2% -39% $17,984,884 AYM Australia United Min 0.003 0% 0% 0% $5,527,732 ANL Amani Gold Ltd 0.001 0% 0% 0% $25,143,441 HAV Havilah Resources 0.155 3% 3% -53% $44,329,489 SPR Spartan Resources 0.6225 30% 38% 272% $584,014,453 PNT Panthermetalsltd 0.038 0% -16% -69% $2,963,650 MEK Meeka Metals Limited 0.036 20% -5% -10% $43,214,813 GMD Genesis Minerals 1.895 24% 18% 89% $2,151,307,172 PGO Pacgold 0.155 -3% -16% -58% $13,463,270 FEG Far East Gold 0.16 23% 14% -48% $27,993,963 MI6 Minerals260Limited 0.16 0% -9% -53% $38,610,000 IGO IGO Limited 7.755 -2% 10% -44% $5,868,825,551 GAL Galileo Mining Ltd 0.255 6% 21% -65% $50,394,356 RXL Rox Resources 0.155 0% -14% -31% $59,096,682 KIN KIN Min NL 0.069 17% 15% 33% $81,292,388 CLZ Classic Min Ltd 0.001 0% 0% -50% $12,357,085 TGM Theta Gold Mines Ltd 0.13 8% 30% 91% $92,500,179 FAL Falconmetalsltd 0.14 12% 12% -59% $24,780,000 SXG Southern Cross Gold 1.79 49% 61% 184% $153,544,837 SPD Southernpalladium 0.335 -12% -11% -32% $14,646,631 ORN Orion Minerals Ltd 0.013 0% -7% -24% $76,001,701 TMB Tambourahmetals 0.084 -5% -2% -30% $6,884,049 TMS Tennant Minerals Ltd 0.028 0% -7% -13% $20,641,858 AZY Antipa Minerals Ltd 0.014 17% 8% -26% $57,887,311 PXX Polarx Limited 0.011 -21% -13% 3% $18,035,785 TRE Toubani Res Ltd 0.1 -13% -17% -38% $14,725,223 AUN Aurumin 0.042 17% 27% -19% $14,737,723 GPR Geopacific Resources 0.017 13% 10% -29% $13,147,478 FXG Felix Gold Limited 0.035 3% -15% -70% $7,252,529 ILT Iltani Resources Lim 0.13 -13% -28% 0% $4,761,471 ARD Argent Minerals 0.01 11% 25% -29% $14,209,349

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