Gold Digger: As gold demand rises, here's how you find an outperformer

News.com.au

09-05-2025

Gold ETF inflows soared in April, driven by Chinese investors
State Street sees "bull case" of US$3500-3900/oz in 2025
Goldman Sachs surveys Australia's best performing gold miners
Gold may have taken a tumble last night amid signs of normalisation in the US trade universe – a deal between the US and UK that keeps a 10% tariff in place but gives concessions for beef, steel and more – but even with a deal with China on the cards, asset managers remain gold bulls.
At over US$3300/oz, gold prices still clock in at over $5000/oz for Aussie miners, with exchange rates also in their favour.
Figures for April from the World Gold Council, following up the strongest first quarter since 2016 continue to show the demand from investors for the yellow metal.
ETFs recorded a fifth straight month of net inflows, adding US$11 billion in April, with global holdings lifting 115t to 3561t.
That's the highest level of gold held in global ETFs since August 2022 but 10% below the month-end record of 3915t in October 2020.
Intriguingly, it was Asian buyers that provided the most steam for the engine, accounting for 65% of net inflows.
Over US$378bn of assets under management are now held in ETFs, with Asian funds' US$7.3bn of inflows in the month of April the strongest on record, led strongly by China.
"The bulk of the demand came from China (Table 2), marking the third consecutive month of inflows and the strongest on record for the region. And more impressively, the April inflows have now surpassed those in Q1 and in full year 2024," the WGC said.
"In addition to the continued local gold price surge, demand was also driven by:
The ongoing trade dispute with the US, which has raised fears of weaker growth, amplified equity volatility, and intensified expectations of the local currency depreciation
Lower government bond yields, amid rising rate cut anticipations."
US ETFs added US$4.5bn, their second highest on record.
Despite the pause after gold prices hit a brief record of US$3500/t in the days post-tariff in April, forecasters continue to tip higher levels.
State Street Global Advisors say "there is a strong tactical and strategic case to be made that the gold market has transitioned to a higher price regime north of US$3000/oz."
They've loaded up a new baseline floor price of US$3000-3100/oz, with a base case of US$3100-3500/oz for 2025.
The bull case for H2 has been moved up to an even stronger US$3500-3900/oz.
"An extended global trade war – even if isolated to US-China – should buttress demand for gold as a haven and alt-fiat asset," State Street says.
Despite the recent move down they say post-Liberation Day trade policies have 'enhanced the case for gold investment'.
Are all gold stocks a good bet?
A rising tide may float all boats.
But not to the same level.
Goldman Sachs' Aussie analysts Hugo Nicolaci, Paul Young, Marcus Dosanjh and Isaac Brooke have put together a catalogue of measurements to assess the outperformers in the ASX mid and large caps.
Their most recent note extends GS' analysis to over 45 listed gold assets covering more than 85% of gold production in Australia by names listed here and offshore.
There are a few market-specific trends which Goldman, on record as like equities above spot gold for value at the moment, has noted across the sector.
"At a sector-level, we find AISC/cash cost increases continued to moderate in the Mar-25 Q, though UG mining costs continue to rise," they said.
"While costs remain well above PcP levels, we expect further moderation of nominal cost increases, affirmed by our recent Perth trip seeing >25 corporates (mostly gold) with labour cost inflation seen at ~2-3% (and turnover for some falling to ~5-10%, from ~20-40% Covid peaks, improving productivity), softening oil/diesel prices, and unit costs further supported by grade improvements and growth projects adding to produced ounces."
When it comes to companies, they like Capricorn Metals (ASX:CMM), citing "peer-leading cost performance" in both open pit mining and processing at the Karlawinda gold mine "adding a defensive buffer to our preferred mid-cap gold exposure".
Gold Road Resources (ASX:GOR), which just agreed to a $3.7bn takeover by its JV partner at the Gruyere gold mine, Gold Fields, is viewed as having strong cash cost performance, while Newmont Corporation (ASX:NEM) (buy) and Evolution Mining (ASX:EVN) (neutral) have the benefit of copper by-products that support their cost base.
Northern Star Resources (ASX:NST) is also rated by Goldman as a buy, with strip ratios coming down at the Super Pit in Kalgoorlie and a wall remediation that cut off access to high grade ore deep in the big hole now complete.
A number of mid-cap names also look attractive on their higher than reserve grade mining performance.
Regis Resources (ASX:RRL), notably, has been seeing improved steadily improving grades that are outperforming reserves, Goldman's analysts noted. GS remains sell rated on Regis however, with its $4.25 price target tracking well below the current market price of $4.82.
Winners & Losers
CODE COMPANY PRICE WEEK % MONTH % 6 MONTH % YEAR % YTD % MARKET CAP
MRR Minrex Resources Ltd 0.0085 6% 6% 0% -23% 21% $ 8,678,940.02
NPM Newpeak Metals 0.013 8% 30% 8% -31% 18% $ 3,864,860.77
ASO Aston Minerals Ltd 0.017 0% 21% 70% 55% 89% $ 24,606,221.11
MTC Metalstech Ltd 0.125 25% 26% -14% -51% -11% $ 25,046,595.12
GED Golden Deeps 0.02 11% 5% -34% -50% -20% $ 3,188,262.62
G88 Golden Mile Res Ltd 0.011 0% 38% -12% 0% 22% $ 6,530,974.26
LAT Latitude 66 Limited 0.047 -16% -15% -53% -77% 24% $ 6,739,833.14
NMR Native Mineral Res 0.18 -3% 82% 414% 847% 362% $ 159,001,115.22
AQX Alice Queen Ltd 0.006 0% 33% -25% 0% -25% $ 6,881,340.41
SLZ Sultan Resources Ltd 0.006 -14% -14% -33% -45% 0% $ 1,388,819.46
KSN Kingston Resources 0.089 -1% 13% -6% 24% 25% $ 76,441,805.98
AMI Aurelia Metals Ltd 0.32 10% 49% 78% 73% 88% $ 533,160,381.60
GIB Gibb River Diamonds 0.035 -10% 3% -5% 46% -13% $ 7,936,849.47
KCN Kingsgate Consolid. 2.08 25% 48% 49% 31% 62% $ 530,968,485.52
TMX Terrain Minerals 0.003 0% 0% -25% -25% 0% $ 6,675,669.80
BNR Bulletin Res Ltd 0.076 12% 62% 81% 52% 95% $ 22,608,225.87
NXM Nexus Minerals Ltd 0.073 1% 4% 35% 3% 62% $ 45,281,970.98
SKY SKY Metals Ltd 0.048 -4% 14% 0% 23% -11% $ 34,113,751.97
LM8 Lunnonmetalslimited 0.215 0% 16% -32% -31% -14% $ 48,538,198.28
CST Castile Resources 0.075 0% 4% -4% -18% -6% $ 22,931,143.50
YRL Yandal Resources 0.18 24% 57% -47% 64% 3% $ 55,662,296.76
FAU First Au Ltd 0.003 20% 50% 50% 50% 50% $ 6,215,979.83
ARL Ardea Resources Ltd 0.42 -5% 11% 6% -36% 27% $ 87,321,359.73
GWR GWR Group Ltd 0.115 24% 35% 34% 5% 44% $ 35,596,732.05
IVR Investigator Res Ltd 0.022 -4% 5% -48% -57% 10% $ 36,544,230.20
GTR Gti Energy Ltd 0.003 0% 0% -25% -40% -14% $ 8,996,848.99
IPT Impact Minerals 0.006 0% 50% -47% -74% -36% $ 22,215,979.58
BNZ Benzmining 0.385 1% 13% 33% 148% 12% $ 60,463,801.50
MOH Moho Resources 0.004 0% 14% -43% -20% -20% $ 2,923,498.30
BCM Brazilian Critical 0.009 0% 29% 0% -64% 0% $ 9,566,627.29
PUA Peak Minerals Ltd 0.013 44% 30% 123% 439% 68% $ 36,495,176.77
MRZ Mont Royal Resources 0.041 0% 0% -9% -23% -5% $ 3,486,221.51
SMS Starmineralslimited 0.025 -4% 0% -44% -11% -31% $ 3,795,166.33
MVL Marvel Gold Limited 0.015 7% 25% 25% 67% 67% $ 15,116,337.31
PRX Prodigy Gold NL 0.002 0% 33% -33% -10% 0% $ 6,350,111.10
AAU Antilles Gold Ltd 0.004 0% 0% 33% -64% 33% $ 8,505,470.73
CWX Carawine Resources 0.097 1% -8% -16% -8% -3% $ 22,904,168.55
RND Rand Mining Ltd 1.91 1% 11% -3% 22% 26% $ 108,633,085.51
CAZ Cazaly Resources 0.016 0% 7% 14% -6% 14% $ 6,919,544.87
BMR Ballymore Resources 0.145 16% 32% 7% 4% 21% $ 28,276,893.60
DRE Dreadnought Resources Ltd 0.014 0% 17% -13% -18% 17% $ 67,821,635.90
ZNC Zenith Minerals Ltd 0.044 -2% -20% 0% -41% 10% $ 18,334,863.99
REZ Resourc & En Grp Ltd 0.019 -10% -21% -34% 46% -17% $ 13,432,782.44
LEX Lefroy Exploration 0.08 1% 1% 5% -20% 14% $ 18,879,930.49
ERM Emmerson Resources 0.14 0% 17% 122% 180% 82% $ 95,342,831.85
AM7 Arcadia Minerals 0.018 0% 20% -49% -75% -5% $ 2,112,901.79
ADT Adriatic Metals 3.9 -6% 3% -6% -12% 0% $ 1,185,253,699.50
AS1 Asara Resources Ltd 0.04 -15% -15% 100% 233% 111% $ 51,204,769.93
CYL Catalyst Metals 6.08 11% 2% 98% 611% 136% $ 1,431,667,350.08
CHN Chalice Mining Ltd 1.13 4% 25% -28% -14% 2% $ 429,874,600.74
KAL Kalgoorliegoldmining 0.043 0% -33% 115% 65% 139% $ 17,165,797.97
MLS Metals Australia 0.0195 -3% 3% -30% -7% -15% $ 13,845,670.96
ADN Andromeda Metals Ltd 0.017 -32% 143% 183% -6% 143% $ 58,288,370.71
MEI Meteoric Resources 0.099 0% 41% -6% -55% 16% $ 222,001,964.29
SRN Surefire Rescs NL 0.003 0% 0% -25% -73% -14% $ 7,248,923.44
WA8 Warriedarresourltd 0.105 25% 81% 110% 69% 139% $ 105,257,020.99
HMX Hammer Metals Ltd 0.036 24% 50% -5% -8% 9% $ 31,071,554.50
WCN White Cliff Min Ltd 0.034 70% 127% 89% 113% 113% $ 57,429,622.44
AVM Advance Metals Ltd 0.044 -21% 22% 13% 91% 29% $ 9,845,602.36
ASR Asra Minerals Ltd 0.0025 25% -17% -29% -64% -17% $ 5,412,093.66
ARI Arika Resources 0.028 4% 56% 27% 40% 4% $ 20,272,276.42
CTO Citigold Corp Ltd 0.004 0% 0% 0% -43% 0% $ 12,000,000.00
SMI Santana Minerals Ltd 0.575 11% 21% -11% 55% 19% $ 415,563,238.13
M2R Miramar 0.003 0% 0% -50% -65% 0% $ 2,990,469.86
MHC Manhattan Corp Ltd 0.017 6% 0% -58% -49% -11% $ 3,993,281.27
GRL Godolphin Resources 0.01 11% 11% -41% -58% -31% $ 4,488,733.12
SVG Savannah Goldfields 0.026 4% 86% 41% 6% 41% $ 20,873,048.93
EMC Everest Metals Corp 0.15 15% 0% 15% 67% 11% $ 33,619,688.25
GUL Gullewa Limited 0.082 -11% 55% 17% 49% 46% $ 18,095,840.28
CY5 Cygnus Metals Ltd 0.084 4% -1% -40% 2% -16% $ 72,210,192.04
G50 G50Corp Ltd 0.1 -9% -5% -33% -44% -35% $ 16,059,765.90
ADV Ardiden Ltd 0.145 4% 4% 7% -9% 7% $ 9,065,038.37
AAR Astral Resources NL 0.16 3% 10% 14% 135% 19% $ 226,788,498.88
VMC Venus Metals Cor Ltd 0.11 10% 16% 51% 20% 64% $ 21,574,155.13
NAE New Age Exploration 0.004 0% 0% -20% 0% 14% $ 11,967,295.10
VKA Viking Mines Ltd 0.007 0% 0% -42% -42% -13% $ 10,751,589.99
LCL LCL Resources Ltd 0.007 0% 17% -22% -36% -30% $ 8,363,688.95
MTH Mithril Silver Gold 0.375 9% 17% -6% 88% -6% $ 53,932,503.14
ADG Adelong Gold Limited 0.007 17% 40% 75% 75% 56% $ 8,384,917.19
RMX Red Mount Min Ltd 0.008 0% 14% -20% -20% -11% $ 3,254,704.57
PRS Prospech Limited 0.027 -4% 13% -4% -40% -7% $ 8,878,298.95
TTM Titan Minerals 0.4 0% 3% -18% 54% 5% $ 106,889,339.46
AKA Aureka Limited 0.13 -4% -7% -99% -99% -4% $ 11,267,838.56
AAM Aumegametals 0.036 0% -13% -28% -50% -14% $ 22,352,182.55
KZR Kalamazoo Resources 0.089 10% 16% 2% -2% 20% $ 19,745,416.53
BCN Beacon Minerals 0.028 4% 12% 27% -3% 27% $ 118,339,072.38
MAU Magnetic Resources 1.46 1% 9% 25% 33% 32% $ 406,924,874.08
BC8 Black Cat Syndicate 0.96 2% 6% 79% 243% 70% $ 686,304,790.21
EM2 Eagle Mountain 0.005 0% 0% -87% -92% -44% $ 5,675,186.45
EMR Emerald Res NL 4.58 13% 19% 19% 31% 41% $ 3,043,842,645.34
BYH Bryah Resources Ltd 0.005 25% 25% 25% -33% 67% $ 4,349,767.61
HCH Hot Chili Ltd 0.47 2% 3% -43% -58% -33% $ 75,798,074.50
WAF West African Res Ltd 2.51 9% 14% 51% 73% 75% $ 2,860,913,692.52
MEU Marmota Limited 0.041 -2% 14% 14% -5% 5% $ 48,310,537.39
NVA Nova Minerals Ltd 0.325 -2% 41% 59% 35% -12% $ 106,589,147.61
SVL Silver Mines Limited 0.097 -3% 10% -3% -45% 24% $ 177,977,539.20
PGD Peregrine Gold 0.15 2% -19% -6% -32% 7% $ 12,727,161.15
ICL Iceni Gold 0.054 -8% -23% 8% -39% -24% $ 17,915,357.78
FG1 Flynngold 0.025 14% 14% -17% -11% 0% $ 9,782,911.75
WWI West Wits Mining Ltd 0.019 0% 19% 36% 36% 36% $ 52,502,334.46
RML Resolution Minerals 0.0095 19% 36% -41% -41% -21% $ 5,257,868.55
AAJ Aruma Resources Ltd 0.01 11% 11% -38% -33% -17% $ 2,498,154.43
HWK Hawk Resources. 0.018 -5% -10% -40% -60% -18% $ 4,876,730.08
GMN Gold Mountain Ltd 0.002 0% 0% 0% -50% -33% $ 9,591,959.88
MEG Megado Minerals Ltd 0.011 10% -15% -18% 5% -35% $ 4,616,515.88
HMG Hamelingoldlimited 0.099 10% 41% 10% 30% 55% $ 19,490,625.00
BM8 Battery Age Minerals 0.053 -12% -12% -46% -47% -50% $ 6,313,934.89
TBR Tribune Res Ltd 5.12 -1% 10% 6% 22% 19% $ 268,636,554.24
FML Focus Minerals Ltd 0.24 0% 9% 30% 100% 41% $ 63,042,901.90
VRC Volt Resources Ltd 0.005 11% 11% 25% 0% 67% $ 23,423,889.92
ARV Artemis Resources 0.007 0% -13% -50% -56% -13% $ 17,699,705.16
HRN Horizon Gold Ltd 0.55 21% 25% 25% 83% 15% $ 70,971,562.27
CLA Celsius Resource Ltd 0.008 14% 14% -20% -20% -27% $ 20,352,998.40
QML Qmines Limited 0.039 -7% -9% -38% -43% -28% $ 16,512,761.11
RDN Raiden Resources Ltd 0.005 0% 25% -84% -89% -55% $ 17,254,457.21
TCG Turaco Gold Limited 0.45 5% 18% 45% 109% 76% $ 406,071,657.45
KCC Kincora Copper 0.031 -6% 19% -14% -11% 15% $ 7,815,689.21
GBZ GBM Rsources Ltd 0.009 13% 29% 13% -10% 13% $ 10,539,629.80
DTM Dart Mining NL 0.003 -40% -33% -70% -88% -67% $ 3,438,819.57
MKR Manuka Resources. 0.035 -8% 30% -8% -49% 25% $ 28,376,868.42
AUC Ausgold Limited 0.645 22% 29% 29% 139% 54% $ 226,662,065.73
ANX Anax Metals Ltd 0.007 27% 0% -30% -83% -42% $ 7,062,460.54
EMU EMU NL 0.025 19% 4% -7% -6% -7% $ 4,065,629.59
SFM Santa Fe Minerals 0.037 0% -3% 23% -18% 19% $ 2,694,295.19
PNR Pantoro Gold Limited 3.26 16% 39% 74% 126% 113% $ 1,288,439,329.45
CMM Capricorn Metals 9.72 7% 14% 56% 103% 55% $ 4,192,739,422.83
X64 Ten Sixty Four Ltd 0 -100% -100% -100% -100% -100% $ 129,844,903.32
VRL Verity Resources 0.022 29% 69% -25% -62% 13% $ 5,932,822.87
HAW Hawthorn Resources 0.054 15% 29% -8% -23% 32% $ 20,435,952.39
BGD Bartongoldholdings 0.555 18% 50% 95% 82% 127% $ 123,692,442.51
SVY Stavely Minerals Ltd 0.011 -15% -35% -62% -59% -35% $ 6,528,505.12
AGC AGC Ltd 0.145 0% 0% -31% 56% -6% $ 39,772,569.41
RGL Riversgold 0.0045 13% 13% 50% -25% 13% $ 8,418,562.97
TSO Tesoro Gold Ltd 0.027 -4% 0% 13% -37% 35% $ 52,427,723.58
GUE Global Uranium 0.06 -5% 13% -14% -43% 0% $ 28,308,775.82
CPM Coopermetalslimited 0.042 5% 14% -14% -63% -9% $ 3,290,937.30
MM8 Medallion Metals. 0.25 11% 4% 221% 363% 108% $ 122,083,970.85
FFM Firefly Metals Ltd 0.905 17% 23% -26% 7% -2% $ 499,767,392.73
CBY Canterbury Resources 0.018 -14% -28% -28% -74% -18% $ 4,048,817.92
SLA Solara Minerals 0.115 -12% 10% -52% -63% 28% $ 6,378,330.53
SFR Sandfire Resources 10.25 4% 17% -3% 5% 10% $ 4,746,803,032.40
TAM Tanami Gold NL 0.036 3% 24% 22% -3% 20% $ 43,478,590.70
NWM Norwest Minerals 0.013 8% 69% -11% -61% 8% $ 6,306,553.63
ALK Alkane Resources Ltd 0.79 1% 22% 53% 34% 55% $ 490,488,932.52
BMO Bastion Minerals 0.003 0% 0% -50% -67% -25% $ 2,710,882.69
IDA Indiana Resources 0.08 4% 8% 40% 82% 31% $ 50,133,131.72
GSM Golden State Mining 0.007 0% -13% -22% -36% -13% $ 1,955,594.41
NSM Northstaw 0.043 2% 16% 207% 39% 169% $ 11,768,089.50
GSN Great Southern 0.022 10% 10% 47% 16% 47% $ 22,926,498.67
VAU Vault Minerals Ltd 0.47 9% 12% 32% 4% 42% $ 3,299,199,590.27
DEG De Grey Mining 2.46 0% 13% 71% 102% 39% $ 5,915,063,112.00
THR Thor Energy PLC 0.011 -8% 10% -27% -35% -15% $ 7,818,688.19
CDR Codrus Minerals Ltd 0.032 39% 100% 60% -26% 88% $ 5,292,400.13
MDI Middle Island Res 0.018 0% 20% 6% 6% 50% $ 5,786,248.34
WTM Waratah Minerals Ltd 0.305 56% 107% 17% 165% 97% $ 61,931,520.63
POL Polymetals Resources 0.86 1% 13% 6% 207% 8% $ 224,157,309.30
RDS Redstone Resources 0.005 -17% 67% 67% 67% 100% $ 5,552,270.76
NAG Nagambie Resources 0.022 16% 38% 47% 83% 22% $ 16,869,349.22
BGL Bellevue Gold Ltd 0.975 11% -15% -32% -44% -13% $ 1,432,036,323.79
GBR Greatbould Resources 0.069 -1% -10% 64% 10% 60% $ 53,983,317.04
KAI Kairos Minerals Ltd 0.02 0% 0% 25% 67% 67% $ 55,249,155.97
KAU Kaiser Reef 0.18 6% 20% 6% 44% 13% $ 60,266,192.00
HRZ Horizon 0.058 5% 5% 32% 45% 45% $ 124,136,586.14
CDT Castle Minerals 0.071 27% -21% -21% -53% 18% $ 6,960,574.20
RSG Resolute Mining 0.6 20% 46% -10% 38% 52% $ 1,288,075,257.87
MXR Maximus Resources 0 -100% -100% -100% -100% -100% $ 33,424,752.21
EVN Evolution Mining Ltd 8.63 12% 28% 77% 127% 79% $ 17,300,550,378.24
CXU Cauldron Energy Ltd 0.008 -11% 0% -47% -79% -33% $ 13,152,641.48
DLI Delta Lithium 0.21 20% 40% -14% -35% 24% $ 154,056,485.28
ALY Alchemy Resource Ltd 0.006 0% 0% 0% -14% -14% $ 7,068,457.54
NH3 Nh3Cleanenergyltd 0.027 0% 35% 17% 29% 50% $ 14,115,119.63
OBM Ora Banda Mining Ltd 1.105 8% 10% 31% 245% 70% $ 2,203,561,188.27
AVW Avira Resources Ltd 0.007 0% -13% -65% -77% -65% $ 1,281,789.10
LCY Legacy Iron Ore 0.008 -20% -11% -36% -45% -20% $ 78,096,340.67
PDI Predictive Disc Ltd 0.365 0% 6% 38% 78% 59% $ 995,729,470.18
MAT Matsa Resources 0.067 12% 22% 43% 123% 91% $ 47,642,679.37
ZAG Zuleika Gold Ltd 0.012 0% 20% -29% -37% -8% $ 9,644,439.05
GML Gateway Mining 0.029 -3% 12% 12% 93% 38% $ 11,855,788.56
SBM St Barbara Limited 0.32 7% 52% -3% 28% 42% $ 346,510,829.12
SBR Sabre Resources 0.008 14% 33% -27% -56% -20% $ 3,155,695.46
STK Strickland Metals 0.105 18% 28% 28% 5% 24% $ 221,711,260.11
CEL Challenger Gold Ltd 0.083 4% 51% 51% 17% 77% $ 136,931,244.31
GG8 Gorilla Gold Mines 0.515 16% 29% 124% 1365% 98% $ 341,727,714.85
NST Northern Star 19.77 4% 1% 18% 35% 28% $ 28,451,592,142.74
OZM Ozaurum Resources 0.082 -11% -17% 128% 39% 173% $ 18,549,151.71
TG1 Techgen Metals Ltd 0.0245 29% -2% -13% -23% -30% $ 3,173,314.20
XAM Xanadu Mines Ltd 0.047 -18% -19% -13% -30% -4% $ 97,522,075.36
AQI Alicanto Min Ltd 0.03 0% 7% -6% 36% -19% $ 25,444,289.28
KTA Krakatoa Resources 0.01 0% 11% -9% -44% 5% $ 6,201,340.25
ARN Aldoro Resources 0.365 4% 9% 324% 462% -4% $ 68,496,191.23
WGX Westgold Resources. 2.91 5% 6% 0% 32% 3% $ 2,772,742,488.60
MBK Metal Bank Ltd 0.011 -8% -21% -50% -44% -27% $ 5,472,048.98
A8G Australasian Metals 0.07 0% 8% -10% -13% -11% $ 3,994,391.03
TAR Taruga Minerals 0.009 -10% 13% -31% 13% -10% $ 7,060,267.85
DTR Dateline Resources 0.036 300% 620% 800% 260% 929% $ 110,622,744.80
GOR Gold Road Res Ltd 3.28 8% 7% 80% 109% 60% $ 3,585,116,898.00
S2R S2 Resources 0.094 -4% -3% 29% -22% 40% $ 43,927,225.32
NES Nelson Resources. 0.003 0% 0% 50% 0% 0% $ 6,515,782.98
TLM Talisman Mining 0.175 3% 17% -26% -41% -15% $ 32,014,459.33
BEZ Besragoldinc 0.045 -2% 13% -42% -51% -50% $ 17,450,535.94
PRU Perseus Mining Ltd 3.61 7% 13% 39% 55% 40% $ 4,956,455,807.49
SPQ Superior Resources 0.0045 0% -18% -36% -55% -25% $ 9,483,930.90
PUR Pursuit Minerals 0.037 -14% -18% -75% -84% -61% $ 3,989,358.52
RMS Ramelius Resources 2.87 8% 21% 33% 42% 39% $ 3,337,759,895.04
PKO Peako Limited 0.0025 -17% -17% -17% -35% -17% $ 3,719,354.90
ICG Inca Minerals Ltd 0.005 0% 0% -17% -17% 0% $ 8,573,313.84
A1G African Gold Ltd. 0.135 0% 29% 78% 419% 145% $ 64,802,676.51
NMG New Murchison Gold 0.015 -6% 0% 50% 200% 67% $ 157,613,601.71
GNM Great Northern 0.016 14% 23% 23% 45% 14% $ 2,164,807.08
KRM Kingsrose Mining Ltd 0.033 0% 3% -11% -6% -6% $ 24,112,848.61
BTR Brightstar Resources 0.6 30% 20% -2% 33% 20% $ 295,360,920.00
RRL Regis Resources 4.85 11% 15% 91% 129% 90% $ 3,671,621,787.24
M24 Mamba Exploration 0.012 0% 9% 0% -45% 0% $ 3,541,987.32
TRM Truscott Mining Corp 0.06 0% -8% -23% -4% -23% $ 11,486,913.60
TNC True North Copper 0.185 -3% -16% -94% -97% -94% $ 18,875,852.40
MOM Moab Minerals Ltd 0.0015 0% -25% -63% -70% -25% $ 2,600,499.05
KNB Koonenberrygold 0.085 20% 89% 507% 431% 608% $ 74,367,372.38
AWJ Auric Mining 0.23 2% -12% -27% 39% -32% $ 34,259,275.33
ENR Encounter Resources 0.19 3% -3% -46% -47% -42% $ 94,770,540.61
SNG Siren Gold 0.056 4% 17% -25% -21% -14% $ 12,043,383.50
STN Saturn Metals 0.275 -5% 25% 8% 15% 34% $ 122,522,838.65
USL Unico Silver Limited 0.215 0% 8% -16% 34% 10% $ 100,727,063.65
PNM Pacific Nickel Mines 0.024 0% 0% 0% -4% 0% $ 10,103,834.52
AYM Australia United Min 0.003 50% 50% 0% 0% -25% $ 3,685,154.97
ANL Amani Gold Ltd 0 -100% -100% -100% -100% -100% $ 21,449,587.12
HAV Havilah Resources 0.17 -3% 0% -17% -15% -24% $ 59,369,851.80
SPR Spartan Resources 2.22 7% 19% 69% 283% 57% $ 2,857,891,250.09
PNT Panthermetalsltd 0.015 -6% 0% -32% -45% 36% $ 4,212,663.67
MEK Meeka Metals Limited 0.145 0% 4% 123% 292% 88% $ 377,215,150.50
GMD Genesis Minerals 4.36 13% 21% 95% 143% 77% $ 4,914,163,375.50
PGO Pacgold 0.08 0% 21% -11% -45% 7% $ 10,516,347.04
FEG Far East Gold 0.155 3% 29% -16% 11% -14% $ 56,889,255.22
MI6 Minerals260Limited 0.135 13% 4% 4% -7% 4% $ 279,089,999.96
IGO IGO Limited 4.15 7% 26% -22% -47% -13% $ 3,082,079,998.91
GAL Galileo Mining Ltd 0.115 5% -12% -15% -56% -8% $ 22,726,866.61
RXL Rox Resources 0.315 -13% -10% 85% 91% 58% $ 210,401,543.72
PTN Patronus Resources 0.058 -9% -2% -12% -3% 18% $ 99,881,266.04
CLZ Classic Min Ltd 0.001 0% 0% 0% -88% 0% $ 1,544,025.56
TGM Theta Gold Mines Ltd 0.135 -4% 0% -27% -13% -25% $ 118,722,864.51
FAL Falconmetalsltd 0.115 5% 20% -26% -21% 0% $ 21,240,000.00
SPD Southernpalladium 0.23 7% -31% -67% -54% -62% $ 22,282,750.00
ORN Orion Minerals Ltd 0.012 -8% -8% -29% -33% -20% $ 75,354,926.00
TMB Tambourahmetals 0.025 -4% -11% -19% -63% 19% $ 2,822,161.10
TMS Tennant Minerals Ltd 0.007 0% -33% -46% -67% -22% $ 8,603,013.74
AZY Antipa Minerals Ltd 0.485 1% 24% 120% 341% 87% $ 278,593,952.69
PXX Polarx Limited 0.008 0% 23% -11% -38% 23% $ 21,379,508.80
TRE Toubani Res Ltd 0.27 -7% 42% -4% 145% 59% $ 73,331,911.61
AUN Aurumin 0.075 23% 32% 17% 92% 14% $ 37,069,510.80
GPR Geopacific Resources 0.021 0% 11% -25% -6% 5% $ 63,649,306.52
FXG Felix Gold Limited 0.16 -6% 3% 100% 105% 90% $ 52,625,021.76
ILT Iltani Resources Lim 0.25 -4% 25% 47% 32% 22% $ 11,313,749.73
BRX Belararoxlimited 0.08 -11% -56% -64% -68% -54% $ 12,521,788.32
TM1 Terra Metals Limited 0.027 4% -4% -31% -54% -4% $ 11,006,146.67
TOR Torque Met 0.099 4% 32% 48% -29% 87% $ 25,348,409.04
ARD Argent Minerals 0.02 -5% 5% -23% 11% 18% $ 30,358,450.08
LM1 Leeuwin Metals Ltd 0.17 10% 13% 127% 154% 21% $ 17,641,117.20
SX2 Southgold Consol 5.7 9% 24% 0% 0% 0% $ 793,848,491.94
Dateline Resources (ASX:DTR)
Much like last week, Dateline Resources enjoyed outsized gains after Donald Trump called out its permitting success with the Bureau of Land Management, which confirmed its right to mine the 1.1Moz Colosseum gold mine in California.
Strangely it seems to be the as yet untested rare earths potential of the operation which really has the US President buzzing.
Once owned by Barrick, Colosseum is a historic gold producer but sits just 10km from Mountain Pass, the US' only operating rare earths mine.
Dateline announced on Monday that it was preparing to conduct drilling for rare earths are the project where a gold feasibility study is also ongoing.
White Cliff Minerals (ASX:WCN)
A thick intercept of good grade copper has WCN's tail up, striking 175m at 2.5% Cu & 8.66g/t silver from 7.6m, including 14m at 7.55% Cu & 25.8g/t Ag from 138m at the Rae project in Canada's Nunavut province.
The hit included 3.9% Cu & 14.96g/t Ag over its last 60m and 4.46% copper at the end of the hole.
A second hole delivered 52m at 1.16% Cu & 3.43g/t Ag from surface, including 7.6m at 3% Cu & 9.5g/t Ag from 18.28m, with more assays from the first pending.
It demonstrates the potential for WCN to grow an existing non-JORC compliant resource and the copper and silver rich site.
White Cliff called the strike at Danvers "globally significant".
"DAN25008 was prioritised for assay due to the abundance of visual sulphides observed during drilling, and these results have underpinned our confidence in those visuals prevalent in the Company's prior work," MD Troy Whittaker said.
"We believe this drill hole ranks among the most significant copper intersections globally within the last 50 years and comfortably sits within the top 10 globally reported 'grade-metre' copper results.
"This discovery and outstanding results from Danvers is a clear testament to our technical team's expertise and geological understanding, in particular the professionalism and persistence of Olga Solovieva and Sam Vaughan.
"To illustrate the magnitude of this result, the DAN25001 intercept of 52m at 1.2% Cu - a strong result in its own right - now appears modest when viewed alongside the 175m @ 2.5% Cu from DAN25008. In the context of global copper supply constraints, the Company is well positioned to leverage these results with mineralisation from surface, supporting potential open pit mining activities and an open water port less than 80km from the deposit."