Gold Digger: Production goes nuts as all time gold mining record nears and long-term road looks solid

New World Gold Council report points to thriving gold industry and long-term demand
Meanwhile, gold prices are still healthy but fractionally down from this time last week
The week’s top ASX goldie gainers led by: STK and TIE

Right then, gold. You. Are. Gold. Always believe.

Let’s start with the price action at the precise time of a quarter past typing this sentence:

In relatively strong US dollars, we’re talking $1,989 (a truly golden year for the Canberra Raiders) per ounce.

In relatively pissweak Aussie dollars, we’re talking: $3,093 an oz.

This is still pretty strong performance, although down just a tad from this time last week – so, no fresh ATH for Aussie gold to report this time around.

We’ve seen the odd analyst here and there late this week calling it a “softening” of the recent momentum of the soft heavy metal. A bit like Linkin Park, perhaps. (Actually, not sure about that reference as I’ve never listened to a full Linkin Park song and probably never will.)

That said, you’ve got to keep on top of these momentum narratives, because here’s a more up-to-minute one from gold-focused media outlet Kitco, whose Neils Christensen noted overnight:

“The gold market is seeing healthy momentum as the US labor market appears to be losing some momentum as the number of American workers applying for first-time unemployment benefits rises more than expected.

“The gold market continues to hold below $2,000 an ounce; however, it has seen a small jump in initial reaction to the latest labor market data. December gold futures last traded at $1,996.70 an ounce, up 0.46% on the day.”

And as Stockhead’s very own ressie expert Josh Chiat noted in his October review of commodities:

“War is in fact good for gold prices, but how long will October’s safe haven bump last?”

Safe haven rallies like these don’t always last, reckons Josh, as we saw with the run beyond US$2000/oz after last year’s invasion of Ukraine by Russia.

And the US rate-hike cycle is still something for investors to consider he warns, “which could yet persist longer than expected with inflation remaining a concern for key state banks”.

Agreed.

Jerome Powell of the Federal Reserve said today that progress on taming inflation will be lumpy.

Yes,

He said lumpy.

Help us all.

— Gold Telegraph (@GoldTelegraph_) November 1, 2023

Gold mining record in reach: World Gold Council

But what does the World Gold Council reckon? It has a whole bunch of fresh takes released this week via its latest Gold Demand Trends report, which it’s based on Q3 action.

Among the key takeaways, this one stood out:

Source: World Gold Council

A potential global gold production all-time-high this year points to strong demand for the precious metal, you would think, wouldn’t you?

Speaking of which, some other WGC report highlights:

• Q3 gold demand proved to be “firmly above the longer term average”.

The LBMA gold price benchmark averaged US$1,928.5/oz during Q3. That’s 2% below the record high seen in Q2, but 12% higher y/y.

Several countries saw higher local gold prices due to currency weakness against the US dollar, notes the WGC, including Japan, China and Turkey.

• Central banks are still frothing for the yellow metal, maintaining a “historic pace” in Q3, but falling short of the Q3’22 record. “Central banks have bought a net 800t of gold so far this year, the highest on record for that nine-month period.”

• Jewellery demand meanwhile softened slightly in the face of high gold prices, while the investment picture was mixed.

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 0.014 -7% 0% -67% $15,188,145 NPM Newpeak Metals 0.001 0% 0% 0% $9,995,579 ASO Aston Minerals Ltd 0.033 0% 22% -50% $43,384,653 MTC Metalstech Ltd 0.13 -10% -42% -66% $30,176,734 FFX Firefinch Ltd 0.2 0% 0% 0% $236,569,315 GED Golden Deeps 0.05 0% -11% -57% $5,776,117 G88 Golden Mile Res Ltd 0.021 -5% -28% -1% $6,258,401 DCX Discovex Res Ltd 0.002 0% 0% -20% $6,605,136 NMR Native Mineral Res 0.033 -13% -20% -80% $6,650,676 AQX Alice Queen Ltd 0.014 0% 0% -65% $1,771,208 SLZ Sultan Resources Ltd 0.015 -17% -25% -84% $2,222,851 MKG Mako Gold 0.013 -19% -13% -68% $7,488,106 KSN Kingston Resources 0.086 -1% 8% 0% $42,824,718 AMI Aurelia Metals Ltd 0.095 3% 3% -9% $158,412,861 PNX PNX Metals Limited 0.003 -25% 20% -20% $16,141,874 GIB Gibb River Diamonds 0.037 -3% 37% -31% $7,825,849 KCN Kingsgate Consolid. 1.135 5% -2% -33% $293,836,929 TMX Terrain Minerals 0.005 25% 0% -29% $6,767,139 BNR Bulletin Res Ltd 0.155 24% 96% 15% $44,038,665 NXM Nexus Minerals Ltd 0.04 3% -18% -76% $15,562,405 SKY SKY Metals Ltd 0.039 -3% -9% -9% $17,994,526 LM8 Lunnonmetalslimited 0.69 -5% -14% -15% $162,992,140 CST Castile Resources 0.06 5% 18% -50% $14,272,243 YRL Yandal Resources 0.058 4% 23% -55% $9,468,185 FAU First Au Ltd 0.0025 0% -17% -44% $3,629,983 ARL Ardea Resources Ltd 0.52 8% -12% -40% $102,197,505 GWR GWR Group Ltd 0.076 9% -10% 27% $24,091,249 IVR Investigator Res Ltd 0.043 10% 8% -10% $61,798,311 GTR Gti Energy Ltd 0.0075 -6% -32% -49% $15,374,603 IPT Impact Minerals 0.011 10% -12% 83% $28,647,039 BNZ Benzmining 0.35 3% -15% -30% $44,141,832 MOH Moho Resources 0.006 -25% -14% -75% $2,380,311 BBX BBX Minerals Ltd 0.027 -7% 4% -58% $15,756,296 PUA Peak Minerals Ltd 0.003 -14% 0% -50% $3,124,130 MRZ Mont Royal Resources 0.18 9% 0% -5% $14,813,088 SMS Starmineralslimited 0.039 -9% -3% -54% $2,912,239 MVL Marvel Gold Limited 0.011 0% -8% -56% $9,501,698 PRX Prodigy Gold NL 0.008 0% 14% -27% $12,257,755 AAU Antilles Gold Ltd 0.023 5% -8% -48% $18,236,862 CWX Carawine Resources 0.12 2% -19% 42% $23,618,096 RND Rand Mining Ltd 1.15 -12% -12% -21% $65,407,355 CAZ Cazaly Resources 0.036 16% 3% 20% $13,825,105 BMR Ballymore Resources 0.125 14% 25% -26% $18,274,658 DRE Dreadnought Resources Ltd 0.034 6% -29% -70% $110,622,250 ZNC Zenith Minerals Ltd 0.11 21% -4% -61% $42,285,706 REZ Resourc & En Grp Ltd 0.015 0% -3% -25% $7,497,087 LEX Lefroy Exploration 0.165 -6% -6% -42% $33,371,298 ERM Emmerson Resources 0.059 -2% -2% -27% $31,593,168 AM7 Arcadia Minerals 0.085 -6% -15% -70% $9,269,259 ADT Adriatic Metals 3.42 1% -7% 36% $829,497,733 GMR Golden Rim Resources 0.02 -5% -5% -47% $11,831,767 CYL Catalyst Metals 0.755 26% 14% -35% $159,563,469 CHN Chalice Mining Ltd 1.925 8% -16% -55% $719,582,112 KAL Kalgoorliegoldmining 0.025 -14% -14% -76% $3,710,851 MLS Metals Australia 0.038 15% 9% 0% $22,465,303 ADN Andromeda Metals Ltd 0.019 -10% -5% -55% $62,200,169 MEI Meteoric Resources 0.25 6% 16% 1983% $466,117,710 SRN Surefire Rescs NL 0.012 -14% -14% 0% $26,478,958 SIH Sihayo Gold Limited 0.002 0% 33% -20% $24,408,512 WA8 Warriedarresourltd 0.059 2% -9% -61% $30,194,990 HMX Hammer Metals Ltd 0.047 9% 0% -32% $44,320,367 WCN White Cliff Min Ltd 0.01 -17% -17% -44% $12,570,186 AVM Advance Metals Ltd 0.003 0% -40% -75% $1,765,676 WRM White Rock Min Ltd 0.063 0% 0% -15% $17,508,200 ASR Asra Minerals Ltd 0.007 0% -18% -70% $10,126,460 MCT Metalicity Limited 0.002 0% -20% -43% $8,502,172 AME Alto Metals Limited 0.045 -2% -2% -40% $32,139,004 CTO Citigold Corp Ltd 0.0045 13% -10% -25% $14,368,295 TIE Tietto Minerals 0.5975 44% 73% -17% $637,145,105 SMI Santana Minerals Ltd 0.66 15% 26% 4% $112,033,850 M2R Miramar 0.019 -30% -49% -78% $3,200,695 MHC Manhattan Corp Ltd 0.005 0% -29% -29% $14,684,899 GRL Godolphin Resources 0.036 -5% -12% -56% $6,431,197 SVG Savannah Goldfields 0.051 -12% -22% -77% $11,024,212 EMC Everest Metals Corp 0.095 -1% -14% -5% $12,661,895 GUL Gullewa Limited 0.055 0% 0% -15% $10,767,521 CY5 Cygnus Metals Ltd 0.17 17% 0% -66% $49,307,249 G50 Gold50Limited 0.125 0% -11% 4% $13,464,375 ADV Ardiden Ltd 0.0055 -8% 10% -21% $14,785,844 AAR Astral Resources NL 0.08 1% -4% 45% $65,766,595 VMC Venus Metals Cor Ltd 0.11 10% -12% 5% $20,870,155 NAE New Age Exploration 0.0055 0% -8% -31% $9,866,444 VKA Viking Mines Ltd 0.01 25% 11% 25% $10,252,584 LCL LCL Resources Ltd 0.025 -14% -11% 15% $19,857,612 MTH Mithril Resources 0.0015 0% -25% -67% $5,053,207 ADG Adelong Gold Limited 0.0065 -7% -7% -19% $4,174,256 RMX Red Mount Min Ltd 0.004 -11% 14% -20% $10,694,304 PRS Prospech Limited 0.02 0% -29% -30% $4,175,440 XTC Xantippe Res Ltd 0.001 0% 0% -76% $17,528,005 TTM Titan Minerals 0.035 0% 0% -56% $50,323,457 NML Navarre Minerals Ltd 0.019 0% 0% -58% $28,555,654 MZZ Matador Mining Ltd 0.045 -4% -2% -49% $14,947,638 KZR Kalamazoo Resources 0.098 3% -7% -47% $14,566,405 BCN Beacon Minerals 0.027 4% 13% 13% $101,432,741 MAU Magnetic Resources 1.06 6% 27% 33% $266,065,609 BC8 Black Cat Syndicate 0.225 5% 7% -22% $66,163,487 EM2 Eagle Mountain 0.068 -4% -15% -62% $20,432,780 EMR Emerald Res NL 2.675 2% 1% 142% $1,672,335,501 BYH Bryah Resources Ltd 0.013 -7% -13% -40% $4,661,869 HCH Hot Chili Ltd 1.08 4% -9% 10% $126,014,692 WAF West African Res Ltd 0.795 11% 3% -26% $795,237,635 MEU Marmota Limited 0.042 14% 27% -14% $43,410,824 NVA Nova Minerals Ltd 0.25 -9% 14% -69% $53,776,940 DCN Dacian Gold Ltd 0.28 0% 189% 70% $328,536,253 SVL Silver Mines Limited 0.1675 2% -1% -4% $238,736,464 PGD Peregrine Gold 0.29 0% 4% -35% $16,601,895 ICL Iceni Gold 0.057 -3% -27% -14% $14,631,286 FG1 Flynngold 0.067 3% 16% -33% $9,274,016 WWI West Wits Mining Ltd 0.014 -7% -7% -22% $30,176,910 RML Resolution Minerals 0.005 0% -29% -50% $6,286,459 AAJ Aruma Resources Ltd 0.032 0% -11% -54% $6,103,637 AL8 Alderan Resource Ltd 0.011 0% -8% 57% $6,783,641 GMN Gold Mountain Ltd 0.0055 -8% -8% -21% $13,614,472 MEG Megado Minerals Ltd 0.035 0% -15% -49% $8,905,945 HMG Hamelingoldlimited 0.087 5% 4% -52% $13,702,500 TBA Tombola Gold Ltd 0.026 0% 0% -13% $33,129,243 BM8 Battery Age Minerals 0.215 -9% -23% -57% $18,718,746 TBR Tribune Res Ltd 3.1 -3% -3% 12% $157,404,231 FML Focus Minerals Ltd 0.18 20% 6% 24% $51,580,556 GSR Greenstone Resources 0.0075 -6% -17% -71% $10,923,331 VRC Volt Resources Ltd 0.007 -13% -13% -68% $28,507,967 ARV Artemis Resources 0.027 23% 0% -7% $34,703,204 HRN Horizon Gold Ltd 0.3 -2% -8% -8% $37,554,492 CLA Celsius Resource Ltd 0.011 10% 0% -8% $24,706,568 QML Qmines Limited 0.077 -13% -23% -61% $16,362,844 RDN Raiden Resources Ltd 0.0385 17% 28% 350% $81,755,281 TCG Turaco Gold Limited 0.055 10% 15% 38% $27,146,700 KCC Kincora Copper 0.031 0% -14% -52% $4,967,039 GBZ GBM Rsources Ltd 0.021 17% 40% -61% $13,026,758 DTM Dart Mining NL 0.018 0% -9% -73% $3,683,066 MKR Manuka Resources. 0.04 -9% -7% -69% $22,500,802 AUC Ausgold Limited 0.029 4% -3% -31% $66,588,095 ANX Anax Metals Ltd 0.031 -14% -9% -46% $13,327,021 EMU EMU NL 0.0015 50% -25% -64% $1,667,521 SFM Santa Fe Minerals 0.043 0% -2% -51% $3,131,208 SSR SSR Mining Inc. 17.82 -20% -14% -18% $405,324,305 PNR Pantoro Limited 0.04 0% 5% -70% $166,528,976 CMM Capricorn Metals 4.595 0% 12% 29% $1,744,445,932 X64 Ten Sixty Four Ltd 0.57 0% 0% 0% $130,184,182 SI6 SI6 Metals Limited 0.006 9% -14% 0% $9,969,297 HAW Hawthorn Resources 0.093 -2% 1% 11% $33,166,546 BGD Bartongoldholdings 0.245 4% 17% 75% $47,900,880 SVY Stavely Minerals Ltd 0.067 -8% -11% -54% $25,667,471 AGC AGC Ltd 0.065 0% 7% -6% $6,300,000 RGL Riversgold 0.009 -10% -31% -80% $8,561,353 TSO Tesoro Gold Ltd 0.021 11% 5% -34% $21,072,251 OKR Okapi Resources 0.13 0% -16% -38% $28,361,612 CPM Coopermetalslimited 0.12 0% 0% -65% $6,386,118 MM8 Medallion Metals. 0.055 -5% -18% -66% $16,613,189 AUT Auteco Minerals 0.032 7% 0% -29% $167,443,108 CBY Canterbury Resources 0.023 -15% -15% -48% $3,324,041 LYN Lycaonresources 0.17 -15% -35% -37% $8,013,750 SFR Sandfire Resources 6.35 7% 2% 70% $2,737,384,500 NCM Newcrest Mining 23.35 0% 2% 40% $20,880,287,592 TMZ Thomson Res Ltd 0.005 0% 0% -72% $4,881,018 TAM Tanami Gold NL 0.038 9% 3% -5% $39,953,300 WMC Wiluna Mining Corp 0.205 0% 0% 0% $74,238,031 NWM Norwest Minerals 0.0305 -15% 2% -40% $8,770,870 ALK Alkane Resources Ltd 0.605 3% -1% -5% $355,785,642 BMO Bastion Minerals 0.019 12% -5% -68% $3,973,950 IDA Indiana Resources 0.052 2% -16% -4% $30,621,853 GSM Golden State Mining 0.0195 3% -50% -50% $3,630,677 NSM Northstaw 0.049 36% 44% -57% $5,285,588 GSN Great Southern 0.023 0% -4% -54% $15,847,339 RED Red 5 Limited 0.3 -5% 11% 82% $1,055,967,721 DEG De Grey Mining 1.145 -1% 2% 2% $2,086,950,633 THR Thor Energy PLC 0.027 0% -29% -66% $4,761,086 CDR Codrus Minerals Ltd 0.064 5% -9% 7% $5,584,000 MDI Middle Island Res 0.016999 -14% -10% -68% $2,391,077 BAT Battery Minerals Ltd 0.047 -6% 57% -65% $5,621,411 POL Polymetals Resources 0.3 0% -12% 50% $45,300,367 RDS Redstone Resources 0.007 17% -13% 0% $6,099,649 NAG Nagambie Resources 0.029 32% 38% -63% $11,634,526 BGL Bellevue Gold Ltd 1.3525 -4% -3% 76% $1,602,862,765 GBR Greatbould Resources 0.063 -5% 17% -30% $30,462,704 KAI Kairos Minerals Ltd 0.016 -20% -24% -41% $41,934,595 KAU Kaiser Reef 0.17 0% -3% 3% $25,139,129 HRZ Horizon 0.035 -5% -3% -41% $25,936,396 CAI Calidus Resources 0.19 19% 23% -50% $118,996,216 CDT Castle Minerals 0.011 0% 10% -52% $12,345,301 RSG Resolute Mining 0.365 6% 6% 109% $777,103,255 MXR Maximus Resources 0.038 -3% 31% -10% $12,183,019 EVN Evolution Mining Ltd 3.495 -2% 7% 67% $6,466,887,215 CXU Cauldron Energy Ltd 0.01 11% -15% -5% $8,762,118 DLI Delta Lithium 0.595 3% -23% 16% $312,252,304 ALY Alchemy Resource Ltd 0.012 20% 9% -65% $11,780,763 HXG Hexagon Energy 0.009 13% 0% -36% $4,103,327 OBM Ora Banda Mining Ltd 0.155 19% 55% 96% $264,343,955 SLR Silver Lake Resource 1.06 9% 24% -10% $995,502,715 AVW Avira Resources Ltd 0.002 33% 0% -33% $4,267,580 LCY Legacy Iron Ore 0.017 0% 6% 0% $108,916,045 PDI Predictive Disc Ltd 0.23 7% 18% 48% $475,696,140 MAT Matsa Resources 0.032 -6% 10% -18% $15,697,243 ZAG Zuleika Gold Ltd 0.016 14% 45% -27% $7,845,759 GML Gateway Mining 0.022 -8% -24% -65% $5,859,338 SBM St Barbara Limited 0.185 -14% -3% -17% $147,234,668 SBR Sabre Resources 0.04 -17% 5% 0% $11,367,961 STK Strickland Metals 0.155 57% 121% 223% $176,126,071 SAU Southern Gold 0.015 15% 25% -46% $7,294,279 CEL Challenger Gold Ltd 0.085 6% 9% -47% $100,508,684 LRL Labyrinth Resources 0.006 20% 0% -65% $7,125,262 NST Northern Star 11.58 -4% 10% 29% $13,307,980,523 OZM Ozaurum Resources 0.098 10% 2% 31% $13,652,500 TG1 Techgen Metals Ltd 0.023 -23% -21% -81% $1,774,870 XAM Xanadu Mines Ltd 0.066 0% -12% 136% $103,182,924 AQI Alicanto Min Ltd 0.048 -2% 7% 45% $28,803,330 KTA Krakatoa Resources 0.027 23% 13% -56% $11,307,346 ARN Aldoro Resources 0.094 -5% 8% -68% $12,654,632 WGX Westgold Resources. 2.01 2% 17% 164% $1,004,080,188 MBK Metal Bank Ltd 0.03 -6% -23% 1% $11,138,415 A8G Australasian Metals 0.17 -6% -11% -26% $8,860,484 TAR Taruga Minerals 0.0105 17% -5% -64% $7,413,281 DTR Dateline Resources 0.011 10% -21% -84% $10,625,314 GOR Gold Road Res Ltd 1.81 -1% 10% 31% $2,002,700,142 S2R S2 Resources 0.185 -3% 6% 37% $75,866,932 NES Nelson Resources. 0.004 0% -33% -43% $2,454,377 TLM Talisman Mining 0.14 -3% 4% 8% $28,248,052 BEZ Besragoldinc 0.1225 -23% -21% 196% $50,172,109 PRU Perseus Mining Ltd 1.685 -2% 2% -10% $2,328,190,905 SPQ Superior Resources 0.025 9% 4% -58% $47,698,398 PUR Pursuit Minerals 0.011 22% 22% 10% $26,495,743 RMS Ramelius Resources 1.61 -5% 12% 98% $1,857,573,333 PKO Peako Limited 0.005 0% -17% -69% $2,635,424 ICG Inca Minerals Ltd 0.018 -10% 6% -38% $8,370,796 A1G African Gold Ltd. 0.038 -5% -7% -64% $6,772,448 OAU Ora Gold Limited 0.0075 7% -6% 50% $33,521,249 GNM Great Northern 0.021 5% -13% -65% $3,092,582 KRM Kingsrose Mining Ltd 0.049 -2% 2% -11% $37,626,326 BTR Brightstar Resources 0.011 5% 0% -45% $21,074,167 RRL Regis Resources 1.7475 2% 16% 10% $1,310,512,832 M24 Mamba Exploration 0.029 -17% -45% -78% $1,768,517 TRM Truscott Mining Corp 0.063 0% 9% 85% $10,402,024 TNC True North Copper 0.145 0% -22% 174% $37,677,010 MOM Moab Minerals Ltd 0.007 0% -13% -36% $4,983,744 KNB Koonenberrygold 0.036 -16% -20% -54% $4,550,465 AWJ Auric Mining 0.064 33% 52% -4% $7,851,575 AZS Azure Minerals 4.03 15% 42% 1480% $1,649,328,217 ENR Encounter Resources 0.375 39% 23% 134% $138,434,023 SNG Siren Gold 0.061 -10% -9% -62% $9,696,060 STN Saturn Metals 0.135 4% -10% -46% $26,609,892 USL Unico Silver Limited 0.1 1% 11% -23% $29,605,159 PNM Pacific Nickel Mines 0.099 10% 2% 38% $41,825,311 AYM Australia United Min 0.003 50% 0% -25% $5,527,732 ANL Amani Gold Ltd 0.001 0% 0% 0% $25,143,441 HAV Havilah Resources 0.24 4% -3% -23% $72,827,018 SPR Spartan Resources 0.41 3% -4% 117% $351,153,334 PNT Panthermetalsltd 0.073 -3% -9% -60% $4,463,950 MEK Meeka Metals Limited 0.038 -10% 0% -32% $41,508,563 GMD Genesis Minerals 1.445 -1% 4% 26% $1,506,044,755 PGO Pacgold 0.215 -9% 13% -45% $18,006,402 FEG Far East Gold 0.15 -6% -6% -75% $27,090,932 MI6 Minerals260Limited 0.33 -11% -28% 3% $78,390,000 IGO IGO Limited 9.765 -9% -23% -35% $7,080,454,052 GAL Galileo Mining Ltd 0.305 -5% -26% -73% $60,275,603 RXL Rox Resources 0.23 2% 2% 10% $88,207,855 KIN KIN Min NL 0.059 13% 51% -26% $65,976,431 CLZ Classic Min Ltd 0.001 0% 0% -92% $12,357,082 TGM Theta Gold Mines Ltd 0.135 8% 8% 69% $95,185,126 FAL Falconmetalsltd 0.145 7% -3% -22% $26,550,000 SXG Southern Cross Gold 0.865 -5% 7% 114% $69,342,830 SPD Southernpalladium 0.39 1% -10% -58% $16,800,548 ORN Orion Minerals Ltd 0.016 -6% -16% -16% $96,673,923 TMB Tambourahmetals 0.16 33% -11% 19% $13,685,158 TMS Tennant Minerals Ltd 0.025 -4% -14% -19% $18,985,835 AZY Antipa Minerals Ltd 0.013 18% 0% -46% $57,887,311 PXX Polarx Limited 0.008 0% -16% 14% $12,476,934 TRE Toubaniresourcesinc 0.115 -4% 15% 0% $16,063,880 AUN Aurumin 0.025 -17% 4% -70% $7,961,077 GPR Geopacific Resources 0.015 -12% 0% -71% $13,960,249 FXG Felix Gold Limited 0.05 -12% -32% -57% $5,579,201

WordPress Tables Plugin

Best-performing goldies over the past week

The week’s biggest gains

Strickland Metals (ASX:STK): +57%

Tietto Minerals (ASX:TIE): +44%

Encounter Resources (ASX:ENR) : +39%

North Stawell Minerals (ASX:NSM) : +36%

Nagambie Resources (ASX:NAG): +32%

This week’s gilt-edged head turners

Which ASX goldies have beaut stories to share this week? Plenty. In no particular preferential order, let’s start with…

Tietto Minerals (ASX:TIE) After ramp-up blues, will Chinese premium be enough to satisfy the board and shareholders of Tietto Minerals? Read more > here And… late-breaking news from Josh on this > here

Strickland Metals (ASX:STK) has now commenced diamond drilling to test what it believes could be a concealed gold deposit – dubbed Marwari. Hole MWDD001 was completed yesterday, extending a further 111m from initial planned depth, Strickland has revealed. Read more > here

Nagambie Resources (ASX:NAG) came off a trading halt today after delivering its annual report to the ASX. Earlier this month, NAG noted that the average stope grade at its 100%-owned namesake antimony-gold mine in Victoria is now 5.6% Sb, making the discovery “the highest-grade antimony mineralisation in Australia”. Read more > here.

Magnetic Resources (ASX:MAU): Explorer Magnetic Resources has backed up its recent drilling success at Lady Julie with confirmation the best zones are still open at depth. Read more > here

Titan Minerals (ASX:TTM) : A maiden JORC-compliant resource of 3.12Moz gold and 21.98Moz silver for the Dynasty project in southern Ecuador headlined a pivotal quarter for the company. Read more > here

Tempus Resources (ASX:TMR)has released the resource estimate for its Elizabeth gold project in Canada of 317,200t at 5.97g/t gold for 60,900oz. Read more > here

Diablo Resources (ASX:DBO) has flagged some solid gold and copper hits from the maiden RC drilling program at its Devils Canyon project in Nevada, USA. Read more > here

Desoto Resources’ (ASX:DES)hunt for a tier 1 discovery at its Fenton project in the NT is off to a strong start, with maiden drilling showing the potential for a 2km-long gold zone. Read more >here

Ora Banda (ASX:OBM)says high grade intercepts have unveiled the potential for the Sand King deposit to become the second underground gold mine at its Davyhurst gold project in WA. Read more > here

First Au (ASX:FAU) received statutory endorsement from Earth Resources and Regulation (ERR) this week, for its work plan in relation to the proposed bulk sampling at the Snowstorm Gold Project in East Gippsland, Victoria. Read more > here

West Wits Mining (ASX:WWI): Investors have demonstrated their support for West Wits’ push to develop its Qala Shallows gold project by backing a $1.2m placement. Read more > here

Native Mineral Resources (ASX:NMR): A pivotal agreement with Ashby Mining could launch Native Mineral Resources from junior explorer to near-term gold producer at the Far Fanning and Black Jack deposits near Charters Towers, QLD. Read more >here

CGN Resources (ASX:CGR): This newly listed iron-oxide-copper-gold (IOCG) and carbonatite explorer is looking to replicate the success of its northern neighbour WA1 Resources (ASX:WA1). Read more > here.

Antilles Gold (ASX:AAU) During the quarter AR1 continued to focus on extending copper mine life at its Mt Isa copper cathode operations in QLD as the flagship Anthill campaign is set to conclude in March 2025. Read more > here

Emerald Resources (ASX:EMR) On a 120% gain this year to date, $1.6 billion Cambodian gold miner Emerald Resources walks into ASX 200. Read more >here

Maximus Resources (ASX:MXR) RC drilling at Maximus’ Kandui prospect and Hilditch gold project has intersected lithium, nickel and gold. Read more >here

Warriedar Resources (ASX:WA8) Independent Investment Research note flags discovery potential at WA8’s historic projects in WA. More > here and here

Spartan Resources (ASX:SPR) Drilling at Spartan’s non-core Glenburgh and Egerton gold projects return high-grade hits. Read more > here

Golden Mile Resources (ASX:G88) Metallurgical testing at the flagship 6Mt Quicksilver nickel-cobalt project in WA is indicating opportunities for producing a range of high-value concentrates. Read more > here

Indiana Resources (ASX:IDA)has resumed its gold, rare earths and base metals hunt in South Australia’s Gawler Craton following a $3.8m cap raise. Read more > here

Note: Several of the stocks listed in this article are Stockhead advertisers at the time of writing, however, none of them sponsored this article.

The post Gold Digger: Production goes nuts as all time gold mining record nears and long-term road looks solid appeared first on Stockhead.