{"id":10966,"date":"2022-11-11T05:53:09","date_gmt":"2022-11-11T05:53:09","guid":{"rendered":"https:\/\/economicherald.net\/?p=10966"},"modified":"2022-11-11T05:53:09","modified_gmt":"2022-11-11T05:53:09","slug":"gold-digger-was-that-the-bottom-gold-poised-to-punch-through-us1800-oz-after-surging-120-oz-in-a-week","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=10966","title":{"rendered":"Gold Digger: Was that the bottom? Gold poised to punch through $US1,800\/oz after surging $120\/oz in a week"},"content":{"rendered":"

Gold could have steady path towards $US1,800 level if dollar weakness remains: OANDA
\nASX gold miners surging this week, led by Evolution Mining +30%, Capricorn Metals +27%, and Regis Resources +27%
\nWeekly small cap standouts: Focus Minerals, Gold 50<\/p>\n

Our Gold Digger column wraps all the news driving ASX stocks with exposure to precious metals.<\/p>\n

\u00a0<\/p>\n

Gold prices are surging after a cool US inflation report reassured markets that the Fed could soon downshift to half-point rate hiking pace.<\/p>\n

\u201cIt looks like the dollar died today and chaos in crypto has made good ol\u2019 gold very attractive again,\u201d OANDA senior markets analyst Ed Moya says.<\/p>\n

\u201cGold is breaking out here and it could have a steady path towards the $1,800 level if dollar weakness remains.\u201d<\/p>\n

Gold miners have mirrored the uptrend. The Betashares (ASX:MNRS)<\/a> and VanEck (ASX:GDX)<\/a> Gold Miners ETFs are up 11.79% and 10.6% respectively over the past 5 days.<\/p>\n

Individual miners leading the nascent recovery include Evolution Mining (ASX:EVN)<\/a> +30%, Capricorn Metals (ASX:CMM)<\/a> +27% and Regis Resources (ASX:RRL)<\/a> +27%.<\/p>\n

Behemoths Newcrest (ASX:NCM)<\/a> and Northern Star (ASX:NST)<\/a> are up 16% and 22% respectively.<\/p>\n

All up, 149 ASX gold stocks on our list made gains over the past week. 64 were in the red and 58 were unchanged.<\/p>\n

MNRS, GDX, EVN, CMM, RRL, NCM and NST share price charts<\/h2>\n\n

\ufeff<\/span>\ufeff<\/span><\/span>\u00a0<\/p>\n

Earlier this week columnist Guy le Page said some of the smart money was starting to reposition in gold equities<\/a>.<\/p>\n

\u201c\u2026 it was no surprise that we are seeing the launch of a gold fund by Perth Stockbroker Argonaut Securities which in late October announced it was seeking $50 million as a \u201cunique counter cyclical opportunity\u2019,\u201d he says.<\/p>\n

\u201cThe fund will be weighted 50% towards Australian gold stocks.\u201d<\/p>\n

Morgan Stanley was also seeing huge value in gold stocks prior to the current resurgence.<\/p>\n

\u201cMorgan Stanley has \u2026 demonstrated that the implied valuations of a number of the larger Australian gold producers are factoring in very low US$ gold prices (figure below) which would imply they are, in the most part, significantly undervalued or the gold price is likely to drop,\u201d le Page says.<\/p>\n

\u201cMorgan Stanley clearly think the space is undervalued with valuations well below current share prices.\u201d<\/p>\n

Figure 4: Implied gold price for Morgan Stanley Australian Gold producers (Source: Data Dig: What\u2019s implied, Morgan Stanley, 26 October 2022).<\/p>\n

NOW READ: Barry FitzGerald: Waiting for the upside? These junior goldies just got the inflation print they needed<\/a><\/strong><\/p>\n

\u00a0<\/p>\n

Winners & Losers<\/h2>\n

Here\u2019s how ASX-listed precious metals stocks are performing:<\/strong><\/p>\n

Scroll or swipe to reveal table. Click headings to sort. Best viewed on a laptop.<\/em><\/p>\n

Stocks missing from this list? Email\u00a0reuben@stockhead.com.au<\/a><\/p>\n

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CODE COMPANY 1 WEEK RETURN % 1 MONTH RETURN % 6 MONTH RETURN % 1 YEAR RETURN % PRICE MARKET CAP FML Focus Minerals Ltd 70% 84% 18% -18% 0.23 $65,908,488 G50 Gold50Limited 65% 38% -18% -39% 0.165 $9,395,595 ALY Alchemy Resource Ltd 55% 55% 143% 292% 0.051 $57,480,737 AQI Alicanto Min Ltd 47% 29% -40% -63% 0.053 $21,868,522 NMR Native Mineral Res 40% 75% 27% -2% 0.21 $12,736,468 MDI Middle Island Res 35% 9% -48% -24% 0.07 $8,569,276 AGG AngloGold Ashanti 34% 19% 0% 4% 5.29 $454,959,602 MZZ Matador Mining Ltd 33% 14% -45% -68% 0.12 $33,097,912 CTO Citigold Corp Ltd 33% 33% 33% -16% 0.008 $22,669,273 SBM St Barbara Limited 31% -13% -46% -61% 0.6225 $456,983,321 EVN Evolution Mining Ltd 30% 33% -27% -34% 2.6 $4,458,841,348 SFR Sandfire Resources 29% 20% -9% -18% 4.61 $1,726,864,570 GMN Gold Mountain Ltd 29% 29% 50% -53% 0.009 $14,831,492 BGD Bartongoldholdings 29% 20% -14% -8% 0.18 $14,183,272 CMM Capricorn Metals 27% 32% 22% 52% 4.34 $1,533,093,259 LCL Los Cerros Limited 27% 17% -58% -80% 0.028 $16,916,870 RRL Regis Resources 27% 16% 2% -5% 1.9 $1,351,496,406 PGO Pacgold 26% -2% -25% 32% 0.46 $25,282,435 DEG De Grey Mining 26% 31% 28% 14% 1.32 $1,918,290,914 KZR Kalamazoo Resources 26% 23% -21% -33% 0.245 $30,507,972 FAL Falconmetalsltd 25% 15% -24% 0% 0.225 $37,170,000 QML Qmines Limited 25% 45% -10% -41% 0.225 $20,297,032 SIH Sihayo Gold Limited 25% -17% -17% -72% 0.0025 $15,255,320 MTH Mithril Resources 25% 11% -29% -71% 0.005 $14,701,165 WGX Westgold Resources. 23% 4% -34% -58% 0.895 $404,947,434 GOR Gold Road Res Ltd 23% 24% 23% 11% 1.625 $1,651,556,077 CEL Challenger Exp Ltd 23% 6% -30% -41% 0.19 $182,859,469 TCG Turaco Gold Limited 23% 14% -44% -69% 0.049 $19,247,250 NST Northern Star 22% 28% 21% 4% 10.57 $11,477,041,963 TIE Tietto Minerals 22% 36% 93% 102% 0.83 $863,621,992 RDT Red Dirt Metals Ltd 21% 9% 60% -20% 0.65 $209,619,368 ADV Ardiden Ltd 21% 21% -23% -35% 0.0085 $22,680,851 NXM Nexus Minerals Ltd 21% 5% -30% -60% 0.2 $58,581,596 BGL Bellevue Gold Ltd 20% 17% 8% -5% 0.8975 $890,398,251 PRU Perseus Mining Ltd 20% 35% 20% 31% 2.15 $2,802,159,600 ARN Aldoro Resources 20% 67% 53% -29% 0.36 $37,046,751 EMU EMU NL 20% -14% -60% -77% 0.006 $4,123,609 IVR Investigator Res Ltd 20% 17% 6% -28% 0.055 $69,384,310 ADN Andromeda Metals Ltd 19% 13% -52% -72% 0.0465 $136,840,371 AM7 Arcadia Minerals 19% -3% 55% 22% 0.31 $13,542,389 WCN White Cliff Min Ltd 19% -24% -17% 58% 0.019 $13,456,861 SLR Silver Lake Resource 19% 11% -14% -26% 1.31 $1,134,288,086 MKR Manuka Resources. 19% 10% -27% -58% 0.16 $41,472,955 CHN Chalice Mining Ltd 18% 27% -18% -44% 4.87 $1,700,863,317 WAF West African Res Ltd 18% 19% 1% -14% 1.205 $1,154,162,275 KCN Kingsgate Consolid. 18% 24% 43% 43% 1.925 $405,016,429 CYL Catalyst Metals 18% 4% -16% -36% 1.3 $127,992,992 BTR Brightstar Resources 18% 18% 0% -66% 0.02 $13,689,454 TAR Taruga Minerals 17% 13% 89% -31% 0.034 $23,033,705 HRZ Horizon 17% 5% -34% -49% 0.069 $39,239,312 ADT Adriatic Metals 17% 34% 25% 8% 2.87 $623,725,120 MGV Musgrave Minerals 17% 4% -16% -36% 0.245 $129,749,508 AUC Ausgold Limited 17% 9% -14% 11% 0.049 $97,414,778 ARL Ardea Resources Ltd 16% 2% -11% 108% 0.965 $164,645,639 IGO IGO Limited 16% 11% 50% 83% 16.98 $12,305,601,961 NCM Newcrest Mining 16% 15% -20% -20% 20.07 $17,123,461,030 ERM Emmerson Resources 15% 7% -13% 11% 0.083 $45,210,912 MM8 Medallion Metals. 15% 23% -19% 2% 0.19 $24,492,135 NWM Norwest Minerals 15% 32% 13% -25% 0.054 $11,327,477 LYN Lycaonresources 15% 13% -23% 0% 0.31 $10,204,813 PDI Predictive Disc Ltd 15% 8% 3% -17% 0.195 $309,902,678 SVL Silver Mines Limited 14% 11% 0% -11% 0.2 $251,907,268 BC8 Black Cat Syndicate 14% -3% -27% -41% 0.32 $67,408,165 ARV Artemis Resources 14% -40% -20% -64% 0.032 $43,133,970 HXG Hexagon Energy 14% -3% -41% -85% 0.016 $8,206,654 NML Navarre Minerals Ltd 14% 9% -40% -45% 0.049 $69,018,199 RMS Ramelius Resources 14% 38% -30% -45% 0.91 $745,813,328 CAI Calidus Resources 14% -13% -51% -29% 0.415 $172,923,773 CLZ Classic Min Ltd 14% -26% -91% -91% 0.0125 $8,836,600 EM2 Eagle Mountain 14% 8% -30% -69% 0.21 $49,629,037 AWV Anova Metals Ltd 13% 21% 42% -15% 0.017 $25,569,507 LM8 Lunnonmetalslimited 13% 10% -1% 131% 0.9 $88,999,663 CY5 Cygnus Gold Limited 13% 32% 314% 241% 0.58 $85,151,050 LCY Legacy Iron Ore 13% -5% -25% 29% 0.018 $115,322,872 BCN Beacon Minerals 13% 8% -13% -16% 0.027 $97,675,972 TSO Tesoro Gold Ltd 13% -14% -44% -56% 0.036 $30,519,327 THR Thor Mining PLC 13% 0% -31% -44% 0.009 $9,925,951 MTC Metalstech Ltd 12% -5% 14% 33% 0.42 $71,034,428 SVG Savannah Goldfields 12% -2% 18% 11% 0.235 $40,560,633 RED Red 5 Limited 12% 12% -44% -28% 0.19 $485,124,736 LRL Labyrinth Resources 12% -21% -34% -47% 0.019 $16,593,968 TTM Titan Minerals 12% 13% 9% -13% 0.087 $119,958,221 AAJ Aruma Resources Ltd 11% 20% -6% -8% 0.078 $12,086,036 ALK Alkane Resources Ltd 11% -3% -28% -27% 0.685 $392,209,148 MI6 Minerals260Limited 11% -3% -4% -28% 0.345 $79,200,000 HMX Hammer Metals Ltd 11% 30% -15% 46% 0.07 $56,584,089 TMZ Thomson Res Ltd 11% 0% -26% -72% 0.02 $15,320,971 FAU First Au Ltd 11% 0% -62% -55% 0.005 $4,759,966 GMD Genesis Minerals 11% 27% 0% -11% 1.27 $491,766,525 TUL Tulla Resources 11% -3% -16% -21% 0.42 $79,234,130 KAI Kairos Minerals Ltd 10% 7% 19% 7% 0.032 $58,922,805 NSM Northstaw 10% -26% -60% -68% 0.1 $12,012,700 ENR Encounter Resources 10% 48% 31% -6% 0.17 $57,935,754 BYH Bryah Resources Ltd 10% -4% -52% -62% 0.023 $6,468,830 KAU Kaiser Reef 9% 16% 0% -16% 0.18 $22,109,717 PUR Pursuit Minerals 9% -8% -40% -65% 0.012 $11,978,150 MEK Meeka Metals Limited 8% 7% 52% 3% 0.064 $67,259,363 SSR SSR Mining Inc. 8% 2% -24% -7% 22.27 $390,698,208 BNR Bulletin Res Ltd 8% 8% 0% 84% 0.14 $39,499,799 MEI Meteoric Resources 8% 0% 27% -30% 0.014 $21,368,163 IPT Impact Minerals 8% -7% -30% -48% 0.007 $17,369,594 FEG Far East Gold 8% -9% 82% 0% 0.645 $78,714,000 MKG Mako Gold 8% -12% -45% -59% 0.043 $20,176,130 GSM Golden State Mining 8% 8% -30% -63% 0.043 $5,031,611 ASO Aston Minerals Ltd 7% -12% -40% -37% 0.072 $80,174,227 RGL Riversgold 7% -10% -8% 131% 0.044 $34,157,246 KRM Kingsrose Mining Ltd 7% 5% -16% -14% 0.059 $44,399,065 MRR Minrex Resources Ltd 7% -21% -13% 105% 0.045 $45,508,751 CHZ Chesser Resources 7% 0% -25% -52% 0.075 $44,109,233 XAM Xanadu Mines Ltd 7% 7% 15% 7% 0.03 $42,367,806 AUT Auteco Minerals 7% 31% -25% -39% 0.046 $93,052,634 VMC Venus Metals Cor Ltd 7% 7% 0% -14% 0.16 $26,711,802 A8G Australasian Metals 7% -14% -36% -64% 0.245 $10,292,624 RDN Raiden Resources Ltd 6% 6% -23% -60% 0.0085 $13,875,758 SMI Santana Minerals Ltd 6% -11% -13% 156% 0.615 $89,266,559 WWI West Wits Mining Ltd 6% 6% -25% -53% 0.018 $36,810,678 WRM White Rock Min Ltd 6% -10% -41% -74% 0.074 $13,890,445 HMG Hamelingoldlimited 6% 19% 31% 6% 0.19 $20,900,000 TBR Tribune Res Ltd 5% -9% -24% -35% 3.1 $160,552,316 AAR Astral Resources NL 5% -22% -29% -30% 0.059 $39,259,189 IDA Indiana Resources 5% 3% 2% 0% 0.06 $28,350,680 MRZ Mont Royal Resources 5% -15% -32% -56% 0.2 $13,407,190 RSG Resolute Mining 5% -7% -34% -53% 0.205 $226,364,971 FG1 Flynngold 5% 0% -27% -37% 0.11 $7,046,716 SKY SKY Metals Ltd 5% -10% -49% -48% 0.045 $16,955,256 GBR Greatbould Resources 4% -2% 2% -32% 0.095 $40,172,856 DTR Dateline Resources 4% -11% -26% -22% 0.073 $39,345,622 BNZ Benzmining 4% 0% -13% -20% 0.52 $35,562,423 E2M E2 Metals 4% 0% -18% -45% 0.135 $26,882,864 TLM Talisman Mining 4% -4% -7% -4% 0.135 $25,344,832 BRB Breaker Res NL 4% 12% 33% -29% 0.285 $92,864,665 AZS Azure Minerals 4% 24% 6% -27% 0.285 $79,237,609 ZNC Zenith Minerals Ltd 4% -6% -15% 23% 0.29 $99,119,155 KSN Kingston Resources 3% 0% -31% -61% 0.09 $37,619,093 PGD Peregrine Gold 3% -23% 10% 11% 0.45 $17,438,350 HAV Havilah Resources 3% 0% 72% 51% 0.31 $98,158,155 M2R Miramar 3% -2% -25% -50% 0.098 $6,926,811 RND Rand Mining Ltd 3% 7% -1% 7% 1.495 $85,029,562 KWR Kingwest Resources 3% 0% -74% -74% 0.035 $9,015,258 X64 Ten Sixty Four Ltd 3% -7% -14% -24% 0.575 $129,042,215 MLS Metals Australia 3% -9% -57% -22% 0.039 $22,460,339 TAM Tanami Gold NL 3% -13% -27% -45% 0.04 $44,653,688 PNT Panthermetalsltd 3% -2% 0% 0% 0.2 $6,100,000 POL Polymetals Resources 3% 21% 95% 46% 0.205 $8,442,452 OKR Okapi Resources 2% -16% -13% -61% 0.21 $29,467,699 HAW Hawthorn Resources 2% -4% -31% 54% 0.086 $28,682,343 MXR Maximus Resources 2% -2% -35% -39% 0.045 $14,350,760 OBM Ora Banda Mining Ltd 1% -1% 132% 12% 0.079 $107,293,082 EMR Emerald Res NL 0% -6% 2% 9% 1.1 $646,916,071 FFX Firefinch Ltd 0% 0% -35% -11% 0.2 $236,248,644 PNR Pantoro Limited 0% -24% -42% -35% 0.14 $228,795,403 NVA Nova Minerals Ltd 0% 19% 40% -40% 0.81 $145,092,407 AMI Aurelia Metals Ltd 0% -31% -73% -74% 0.1 $123,743,722 SPQ Superior Resources 0% 25% 76% 233% 0.06 $102,073,225 WMC Wiluna Mining Corp 0% 0% -58% -76% 0.205 $74,238,031 TRY Troy Resources Ltd 0% 0% 0% 0% 0.0295 $62,920,961 XTC Xantippe Res Ltd 0% -6% -32% 50% 0.0075 $57,016,609 S2R S2 Resources 0% 0% -3% -19% 0.145 $51,717,854 VAN Vango Mining Ltd 0% 3% -7% -40% 0.039 $49,137,568 SVY Stavely Minerals Ltd 0% -6% -57% -71% 0.145 $45,213,652 LEX Lefroy Exploration 0% 0% -2% -32% 0.28 $40,844,907 RVR Red River Resources 0% -11% -59% -64% 0.073 $37,847,908 ASR Asra Minerals Ltd 0% -4% -37% -8% 0.022 $33,678,015 GSN Great Southern 0% 16% 19% -28% 0.05 $29,016,421 PF1 Pathfinder Resources 0% 0% 0% 79% 0.5 $28,984,082 GSR Greenstone Resources 0% -19% -7% 8% 0.026 $26,864,474 ANL Amani Gold Ltd 0% 0% -33% -50% 0.001 $23,693,441 CGN Crater Gold Min Ltd 0% 0% 0% 0% 0.017 $21,063,474 KTA Krakatoa Resources 0% -14% -23% -2% 0.06 $20,682,595 PRX Prodigy Gold NL 0% 0% -31% -64% 0.011 $19,226,711 SRN Surefire Rescs NL 0% 0% -59% 18% 0.013 $18,976,362 PNX PNX Metals Limited 0% -11% -20% -41% 0.004 $17,776,231 CLA Celsius Resource Ltd 0% -29% -44% -62% 0.01 $13,525,461 BAT Battery Minerals Ltd 0% 0% -44% -68% 0.0045 $13,163,591 GED Golden Deeps 0% -27% -21% -8% 0.011 $12,707,494 MCT Metalicity Limited 0% 0% -33% -48% 0.004 $12,222,138 CWX Carawine Resources 0% -9% -39% -59% 0.086 $11,853,754 SBR Sabre Resources 0% -38% -20% -20% 0.004 $11,659,424 NAE New Age Exploration 0% 14% -27% -27% 0.008 $11,487,191 CAZ Cazaly Resources 0% -19% -19% -32% 0.03 $11,124,654 TSC Twenty Seven Co. Ltd 0% 0% -18% -43% 0.002 $10,643,256 DTM Dart Mining NL 0% -14% 10% -36% 0.067 $10,247,171 GRL Godolphin Resources 0% 2% -28% -38% 0.09 $9,943,034 DCX Discovex Res Ltd 0% -25% -61% -37% 0.003 $9,907,704 MHC Manhattan Corp Ltd 0% 0% -36% -36% 0.007 $9,157,672 NPM Newpeak Metals 0% 0% 0% 0% 0.001 $9,040,417 SI6 SI6 Metals Limited 0% 0% -33% -50% 0.006 $8,972,368 RMX Red Mount Min Ltd 0% -17% -38% -55% 0.005 $8,211,819 VKA Viking Mines Ltd 0% 14% -11% -60% 0.008 $8,202,067 MBK Metal Bank Ltd 0% -25% -45% -63% 0.003 $7,845,743 KAL Kalgoorliegoldmining 0% -20% -20% 0% 0.1 $7,743,460 AYM Australia United Min 0% 0% -50% -56% 0.004 $7,370,310 GNM Great Northern 0% 0% -20% -43% 0.004 $6,836,204 MOM Moab Minerals Ltd 0% -8% -60% -78% 0.011 $6,819,635 AVW Avira Resources Ltd 0% -25% -40% -57% 0.003 $6,401,370 SFM Santa Fe Minerals 0% 2% -17% -2% 0.087 $6,335,235 TRM Truscott Mining Corp 0% -6% -31% 13% 0.034 $5,367,598 PKO Peako Limited 0% -17% -21% -35% 0.015 $5,308,547 AVM Advance Metals Ltd 0% 0% -12% -45% 0.011 $5,256,651 M24 Mamba Exploration 0% -17% 4% -40% 0.12 $5,061,000 DEX Duke Exploration 0% 6% -59% -72% 0.053 $4,781,191 G88 Golden Mile Res Ltd 0% -21% -56% -57% 0.022 $4,500,975 AQX Alice Queen Ltd 0% -20% -60% -85% 0.002 $4,400,500 ADG Adelong Gold Limited 0% -47% -73% -82% 0.008 $3,545,495 CDR Codrus Minerals Ltd 0% -1% -17% -58% 0.068 $2,720,000 GAL Galileo Mining Ltd 0% -18% 460% 446% 1.12 $218,136,127 AWJ Auric Mining -1% 1% -16% -41% 0.071 $5,659,784 AME Alto Metals Limited -1% -3% -20% -34% 0.066 $35,279,476 HRN Horizon Gold Ltd -2% -7% -7% -18% 0.325 $40,684,033 GUL Gullewa Limited -2% -10% -16% -20% 0.061 $11,645,089 ANX Anax Metals Ltd -2% -11% -35% -47% 0.056 $22,758,110 SLZ Sultan Resources Ltd -2% 8% -31% -41% 0.097 $8,078,586 A1G African Gold Ltd. -2% 56% -8% -49% 0.095 $11,343,981 MEU Marmota Limited -2% -4% -10% 2% 0.045 $47,646,026 HCH Hot Chili Ltd -3% 2% -24% -57% 0.95 $108,695,137 MAT Matsa Resources -3% -5% -37% -36% 0.038 $16,062,330 PNM Pacific Nickel Mines -3% -18% -22% -30% 0.07 $25,083,060 SNG Siren Gold -3% -6% -53% -51% 0.17 $19,877,331 KCC Kincora Copper -3% 21% -32% -50% 0.068 $5,066,869 GML Gateway Mining -3% -31% -39% -63% 0.061 $13,560,658 DCN Dacian Gold Ltd -3% 45% -22% -37% 0.145 $176,436,136 GWR GWR Group Ltd -3% -15% -59% -45% 0.058 $18,630,566 KIN KIN Min NL -4% 11% 0% -32% 0.078 $80,736,157 GBZ GBM Rsources Ltd -4% 37% -46% -60% 0.052 $29,157,122 GIB Gibb River Diamonds -4% -14% -7% -40% 0.05 $10,575,472 MVL Marvel Gold Limited -4% -4% -38% -65% 0.024 $16,907,865 CST Castile Resources -4% 10% -36% -49% 0.115 $27,818,779 MOH Moho Resources -4% -15% -43% -62% 0.023 $4,776,231 STK Strickland Metals -4% 13% -42% -43% 0.043 $60,349,884 ZAG Zuleika Gold Ltd -5% 11% -22% -5% 0.021 $10,952,563 MAU Magnetic Resources -5% -16% -44% -53% 0.77 $176,016,869 RML Resolution Minerals -5% -5% -27% -47% 0.0095 $10,067,589 RXL Rox Resources -5% -23% -44% -49% 0.185 $30,409,370 GMR Golden Rim Resources -5% -16% -47% -64% 0.036 $11,300,882 REZ Resourc & En Grp Ltd -5% -10% -62% -72% 0.018 $8,996,504 BBX BBX Minerals Ltd -6% 18% -32% -62% 0.065 $31,636,896 BMR Ballymore Resources -6% -26% -29% -26% 0.16 $14,570,293 ICG Inca Minerals Ltd -6% -23% -66% -76% 0.03 $14,461,885 BMO Bastion Minerals -6% -24% -60% -78% 0.06 $5,694,996 KNB Koonenberrygold -6% -3% -18% -54% 0.074 $5,605,977 PRS Prospech Limited -6% -12% -42% -67% 0.029 $1,890,249 AXE Archer Materials -7% -23% -12% -59% 0.63 $151,869,996 NAG Nagambie Resources -7% -7% 52% -13% 0.07 $37,007,001 GTR Gti Energy Ltd -7% -7% -13% -52% 0.014 $21,076,770 OZM Ozaurum Resources -7% -7% -53% -53% 0.07 $4,880,120 GCY Gascoyne Res Ltd -7% -24% -22% -45% 0.195 $83,082,880 AGC AGC Ltd -7% -2% -30% -39% 0.064 $4,334,546 BEZ Besragoldinc -8% -26% -12% -74% 0.037 $9,328,208 PUA Peak Minerals Ltd -8% -25% -50% -63% 0.006 $6,248,225 TGM Theta Gold Mines Ltd -9% 14% -38% -59% 0.074 $45,201,987 CDT Castle Minerals -9% -13% -45% -32% 0.021 $20,989,353 DRE Dreadnought Resources Ltd -9% 9% 170% 127% 0.1 $302,218,444 CXU Cauldron Energy Ltd -9% -17% -23% -60% 0.01 $5,354,113 ICL Iceni Gold -9% -36% -57% -76% 0.058 $7,435,393 VRC Volt Resources Ltd -10% -32% 12% -32% 0.019 $64,293,498 SAU Southern Gold -10% -7% -44% -58% 0.027 $5,759,876 CPM Coopermetalslimited -12% -11% -6% 0% 0.29 $10,880,800 OAU Ora Gold Limited -13% -13% -42% -46% 0.007 $6,889,619 AL8 Alderan Resource Ltd -13% -22% -67% -82% 0.007 $4,047,863 TG1 Techgen Metals Ltd -13% -38% -23% -59% 0.1 $5,474,896 TBA Tombola Gold Ltd -13% -13% -56% -21% 0.026 $29,481,644 CBY Canterbury Resources -14% -16% -39% -65% 0.038 $5,360,941 TMX Terrain Minerals -14% -14% -40% -25% 0.006 $4,564,566 RDS Redstone Resources -14% -20% -29% -57% 0.006 $4,420,994 NES Nelson Resources. -14% -52% -55% -80% 0.006 $1,765,783 YRL Yandal Resources -15% -24% -46% -73% 0.11 $14,878,404 AAU Antilles Gold Ltd -16% -25% -36% -52% 0.038 $16,215,586 STN Saturn Metals -16% -24% -42% -61% 0.21 $27,278,827 MEG Megado Minerals Ltd -18% -30% -53% -39% 0.056 $7,700,000 SMS Starmineralslimited -19% -27% -69% -62% 0.069 $2,041,020 <\/p>\n

<\/div>\n<\/div>\n

WordPress Table Plugin<\/a><\/p>\n

\u00a0<\/p>\n

Weekly ASX Small Cap Gold Standouts<\/h2>\n

FOCUS MINERALS (ASX:FML)<\/a><\/p>\n

FML shut its Coolgardie, Laverton and The Mount operations in 2013 amid nosediving gold prices and high operating costs.<\/p>\n

Now the WA goldie is about to restart mining operations at Coolgardie, where it wants to produce 402,000oz over an initial seven-year life.<\/p>\n

The numbers are pretty good. It would cost $51m to build\/refurbish, a process which is already underway.<\/p>\n

Once in production, it would have an all-in sustaining cost of $1,618\/oz \u2013 giving FML pre-tax cashflow of $354m and NPV of $242m at a gold price of $2,500\/oz.<\/p>\n

Commissioning is scheduled for mid 2023.<\/p>\n

Meanwhile, toll treating (using third party plants) of low-grade stockpiles has produced 2,200oz to date, and a small 3,400oz mining project at the Big Blow deposit kicked off in October with ore to be milled via a toll treating campaign later in the year.<\/p>\n\n

<\/span>\u00a0<\/p>\n

GOLD50 (ASX:G50)<\/a><\/p>\n

US-based Gold 50 has picked up the high-grade historic White Caps Mine in Nevada, which produced more than 125,000 ounces at around 30g\/t gold.<\/p>\n

5g\/t and above is generally considered high grade.<\/p>\n

Mined ore grades ranged from 33g\/t to 79g\/t gold over 6m to 9m widths and grades increased with depth, with the cross-cut on the lowest mine level (400m) assaying 10m at 94g\/t.<\/p>\n

The company is confident there\u2019s potential for thicker zones of mineralisation around the historic workings as zones containing <10g\/t gold were often ignored and not mined.<\/p>\n\n

<\/span>
\n<\/span><\/p>\n

The post Gold Digger: Was that the bottom? Gold poised to punch through $US1,800\/oz after surging $120\/oz in a week<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Gold could have steady path towards $US1,800 level if dollar weakness remains: OANDA ASX gold miners surging this week, led by Evolution Mining +30%, Capricorn [more…]<\/a><\/p>\n","protected":false},"author":0,"featured_media":10967,"comment_status":"","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-10966","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nGold Digger: Was that the bottom? 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