Gold Digger: Commbank says gold could hit US$3750/oz even after mid-week stumble

News.com.au

24-04-2025

Gold prices suffered a blip after clearing US$3500/oz on Tuesday
As volatility strikes bullion, analysts still see tailwinds for the precious metal
Commbank's Vivek Dhar says the commodity could rise to US$3750/oz
Gold's temporary fall from grace on Wednesday brought a hint of cold, harsh reality to bear for gold bulls, a reminder that prices do not go up inexorably (as lithium companies learnt with blunt force two years ago.)
But Wednesday's carnage, which saw gold tumble from giddy levels of over US$3500/oz to under US$3300/oz and clamoured the ASX All Ords gold sub-index to a 9% single day loss, may be just a blip for the precious metal.
The pullback shows arguably just how much of gold's strong price run is tied up in the unconventional, market chilling, vertigo-inducing economic policies of the Trump Administration.
Any move from Donald Trump to normalise his behaviour, like his suggestion we would play nice in negotiations with China and reverse tariffs make to more realistic levels after each Government raised them to the point of MAD (mutually assured destruction).
He also climbed down from what seemed like an apparent attempt to limit the independence, or even seek the firing, of US Fed Reserve chair Jerome Powell.
But tariffs of a high magnitude will likely remain – the current 145% rate will be trimmed but it "won't be zero".
And anyone who thinks the trading environment will get more predictable could be in for a shock.
Against that backdrop, gold is retaining its position as 2025's top safe haven asset.
Dollar sold
That's come as the US Government has moved, seemingly with some measure of intent, to reduce the value of the US dollar in a bid to make its exports more palatable and revive domestic manufacturing.
The selloff in the USD – the USD index hit a three year low this week – and associated Treasury bonds has seen gold step into the void, Commbank mining expert Vivek Dhar says.
"What makes this recent flight to safeâ€'haven demand so unique is that the US dollar and Treasuries have been soldâ€'off as safeâ€'haven appeal of these US assets has declined," he said in a note.
"This decline in safeâ€'haven appeal has been tied to the seismic shift in US trade policy under President Trump, and more recently, the growing tensions between the US Federal Reserve chair Jerome Powell and President Trump.
"Gold has stepped into the void as the market's safeâ€'haven asset of choice – helping explain the rapid rise in gold futures so far this year."
Investors have responded, targeting different parts of the gold market over the first four months of the year.
Gold ETF interest rose strongly in Australia in January, according to asset management giant VanEck, one of the largest investors in ASX equities.
Flows into its Gold ETF saw a massive bump in the month of January, while flows into its gold miners fund turned strongly positive in April, as the benefits of higher gold prices trickled down to producers.
Arian Neiron, the MD and CEO of VanEck Asia Pacific, said the GDX Gold Miners ETF had seen $193m of value traded in the first quarter.
At that rate the fund would see $772m of traded value across 2025, up from $532m in 2024 and $389m in 2023.
Where prices are headed
Commercial banks are typically conservative when it comes to forecasting but Commbank's Dhar is following the gold price higher, projecting that gold could rise to US$3750/oz by year-end.
"Even though gold prices and central bank gold purchases have shown virtually no correlation in the last two years to the end of 2024, the anticipation of more central bank buying, combined with extraordinary safeâ€'haven demand, may see gold rise to $US3750/oz by yearâ€'end," he said.
"The risk that gold rises above our forecast can't be ruled out either but our expectation for price growth to slow relative to what we've seen so far this year is tied to the risk that Trump continues to walk back current trade policy and that gold has already priced in significant uncertainty."
Dhar is less convinced than other commentators that 'de-dollarisation', a move away from the USD as the global reserve currency, can practically be achieved.
"Gold has also been floated a potential option, especially given the increase in central bank buying since the beginning of 2022. Central bank buying of gold surged after the US led its allies to freeze Russia's currency reserves in response to the Ukraine war," he said.
"Countries realised that gold was a potential hedge against the US freezing currency reserves for nonâ€'alignment with US policy. Given worries of nonâ€'alignment with the US have only increased under President Trump, the prospect of more central bank buying is high.
"It is unlikely though that the US dollar is at any threat of replacement by gold given the costs to transport, warehouse and secure gold and the lack of returns generated by holding gold."
While that may be true, gold has overtaken other fiat currencies like the Pound, Yen and Euro in value terms in global reserve bank holdings.
CODE COMPANY PRICE WEEK % MONTH % 6 MONTH % YEAR % YTD % MARKET CAP
MRR Minrex Resources Ltd 0.008 0% 0% -6% -33% 14% $ 7,594,072.52
NPM Newpeak Metals 0.01 -9% -29% -23% -30% -9% $ 3,542,789.04
ASO Aston Minerals Ltd 0.019 6% -10% 90% 58% 111% $ 23,311,156.84
MTC Metalstech Ltd 0.11 0% 0% -21% -33% -21% $ 22,717,040.55
GED Golden Deeps 0.018 6% -14% -40% -53% -28% $ 3,365,388.32
G88 Golden Mile Res Ltd 0.01 11% 0% -33% -17% 11% $ 5,442,478.55
LAT Latitude 66 Limited 0.054 -2% -17% -53% -73% 42% $ 7,456,836.66
NMR Native Mineral Res 0.16 33% 108% 371% 596% 310% $ 128,134,288.50
AQX Alice Queen Ltd 0.005 -17% -23% -38% -17% -38% $ 6,881,340.41
SLZ Sultan Resources Ltd 0.008 0% 7% -33% -27% 33% $ 1,851,759.28
KSN Kingston Resources 0.098 9% 20% 2% 38% 38% $ 75,619,851.08
AMI Aurelia Metals Ltd 0.3 11% 22% 58% 54% 76% $ 490,846,065.60
GIB Gibb River Diamonds 0.038 15% -10% -7% 36% -5% $ 8,151,358.91
KCN Kingsgate Consolid. 1.61 -1% 9% 0% 6% 25% $ 412,402,707.20
TMX Terrain Minerals 0.003 0% -33% -14% -25% 0% $ 6,010,669.80
BNR Bulletin Res Ltd 0.064 2% 52% 49% 31% 64% $ 18,204,026.03
NXM Nexus Minerals Ltd 0.078 1% 7% 24% 20% 73% $ 38,555,580.83
SKY SKY Metals Ltd 0.044 -10% -10% -24% 26% -19% $ 32,692,345.64
LM8 Lunnonmetalslimited 0.23 -8% 0% -23% -22% -8% $ 52,950,761.76
CST Castile Resources 0.077 1% -1% -11% -19% -4% $ 22,625,394.92
YRL Yandal Resources 0.13 0% -13% -50% -13% -26% $ 40,200,547.66
FAU First Au Ltd 0.0025 0% 25% 150% 25% 25% $ 5,179,983.19
ARL Ardea Resources Ltd 0.4225 -4% 1% 2% -50% 28% $ 85,863,653.45
GWR GWR Group Ltd 0.091 1% -1% 3% -21% 14% $ 28,153,778.99
IVR Investigator Res Ltd 0.026 13% 18% -51% -50% 30% $ 38,133,109.78
GTR Gti Energy Ltd 0.003 0% 0% -40% -54% -14% $ 8,996,848.99
IPT Impact Minerals 0.006 20% 0% -51% -70% -36% $ 22,215,979.58
BNZ Benzmining 0.41 -2% 5% 86% 156% 19% $ 50,593,258.56
MOH Moho Resources 0.003 0% -25% -50% -45% -40% $ 2,192,623.72
BCM Brazilian Critical 0.009 -10% 13% 0% -63% 0% $ 10,629,585.88
PUA Peak Minerals Ltd 0.009 -10% 0% 55% 273% 16% $ 28,073,212.90
MRZ Mont Royal Resources 0.041 0% 0% -29% -32% -5% $ 3,486,221.51
SMS Starmineralslimited 0.029 12% 7% -45% -24% -19% $ 4,554,199.59
MVL Marvel Gold Limited 0.015 7% 36% 36% 67% 67% $ 16,196,075.69
PRX Prodigy Gold NL 0.002 0% 0% -20% -10% 0% $ 6,350,111.10
AAU Antilles Gold Ltd 0.004 0% -11% 0% -78% 33% $ 8,505,470.73
CWX Carawine Resources 0.094 4% -5% -3% -10% -6% $ 22,195,792.21
RND Rand Mining Ltd 1.88 -1% 14% -10% 21% 24% $ 106,926,806.68
CAZ Cazaly Resources 0.014 0% -7% -7% -18% 0% $ 6,458,241.87
BMR Ballymore Resources 0.115 5% -15% -15% -8% -4% $ 18,556,711.43
DRE Dreadnought Resources Ltd 0.014 -7% -7% -13% -15% 17% $ 62,577,233.33
ZNC Zenith Minerals Ltd 0.05 0% -2% 11% -47% 25% $ 19,964,629.68
REZ Resourc & En Grp Ltd 0.028 12% 27% -3% 115% 22% $ 16,119,338.93
LEX Lefroy Exploration 0.077 3% -14% -6% -36% 10% $ 19,873,611.04
ERM Emmerson Resources 0.15 3% 7% 226% 226% 95% $ 88,986,643.06
AM7 Arcadia Minerals 0.018 6% -10% -54% -76% -5% $ 2,112,901.79
ADT Adriatic Metals 4.255 0% -5% 1% -5% 9% $ 1,340,500,132.44
AS1 Asara Resources Ltd 0.05 -9% 43% 117% 456% 163% $ 53,957,714.55
CYL Catalyst Metals 6.57 -2% 43% 86% 664% 155% $ 1,429,402,053.64
CHN Chalice Mining Ltd 1.0925 5% -21% -43% -15% -1% $ 406,532,993.46
KAL Kalgoorliegoldmining 0.045 -13% -28% 100% 29% 150% $ 19,010,781.95
MLS Metals Australia 0.021 5% 11% -5% -5% -9% $ 15,303,110.00
ADN Andromeda Metals Ltd 0.0095 -5% 19% 36% -50% 36% $ 34,287,276.89
MEI Meteoric Resources 0.0975 -11% 37% -7% -55% 15% $ 231,349,415.42
SRN Surefire Rescs NL 0.004 60% 33% -33% -62% 14% $ 7,248,923.44
WA8 Warriedarresourltd 0.079 10% 34% 32% 80% 80% $ 68,895,504.65
HMX Hammer Metals Ltd 0.024 14% -23% -45% -45% -27% $ 18,642,932.70
WCN White Cliff Min Ltd 0.0205 8% 21% -7% 46% 28% $ 37,909,414.96
AVM Advance Metals Ltd 0.057 63% 24% 111% 147% 68% $ 11,343,846.20
ASR Asra Minerals Ltd 0.002 -33% -50% -60% -71% -33% $ 7,119,380.49
ARI Arika Resources 0.026 -13% 18% -21% 30% -4% $ 18,371,750.50
CTO Citigold Corp Ltd 0.004 0% 0% 0% 0% 0% $ 12,000,000.00
SMI Santana Minerals Ltd 0.5625 8% 0% -19% 33% 16% $ 397,495,271.25
M2R Miramar 0.004 33% 33% -43% -61% 33% $ 3,987,293.14
MHC Manhattan Corp Ltd 0.017 -6% -6% -58% -49% -11% $ 3,993,281.27
GRL Godolphin Resources 0.009 -10% -31% -47% -74% -38% $ 4,039,859.81
SVG Savannah Goldfields 0.022 38% 57% 20% -16% 20% $ 17,394,207.44
EMC Everest Metals Corp 0.15 3% -6% 11% 58% 11% $ 33,567,575.40
GUL Gullewa Limited 0.085 -3% 55% 31% 52% 52% $ 18,531,884.62
CY5 Cygnus Metals Ltd 0.092 6% -16% -37% 7% -8% $ 80,705,508.75
G50 G50Corp Ltd 0.11 10% -24% -35% -42% -29% $ 17,665,742.49
ADV Ardiden Ltd 0.14 -3% 4% 8% -13% 4% $ 9,065,038.37
AAR Astral Resources NL 0.165 -3% 6% 18% 132% 22% $ 230,739,254.13
VMC Venus Metals Cor Ltd 0.105 -5% -5% 52% 13% 57% $ 21,574,155.13
NAE New Age Exploration 0.004 0% -11% -33% 0% 14% $ 10,637,595.64
VKA Viking Mines Ltd 0.008 0% 0% -20% -27% 0% $ 9,297,031.24
LCL LCL Resources Ltd 0.007 0% 0% -30% -39% -30% $ 8,363,688.95
MTH Mithril Silver Gold 0.34 -3% -13% -40% 70% -15% $ 48,830,779.87
ADG Adelong Gold Limited 0.006 20% 20% 33% 71% 33% $ 8,384,917.19
RMX Red Mount Min Ltd 0.008 14% -6% -11% -47% -11% $ 3,719,662.37
PRS Prospech Limited 0.027 13% 17% -10% -31% -7% $ 8,878,298.95
TTM Titan Minerals 0.4 0% -6% -27% 25% 5% $ 105,585,810.93
AKA Aureka Limited 0.14 8% -10% -99% -99% 4% $ 14,853,059.92
AAM Aumegametals 0.039 -3% -13% -29% -50% -7% $ 25,372,747.76
KZR Kalamazoo Resources 0.084 4% -7% -9% -12% 14% $ 17,379,661.91
BCN Beacon Minerals 0.0275 2% 6% 15% -8% 25% $ 114,112,676.93
MAU Magnetic Resources 1.485 -2% -2% 19% 38% 34% $ 402,922,334.33
BC8 Black Cat Syndicate 0.985 -4% 17% 56% 272% 74% $ 669,051,251.26
EM2 Eagle Mountain 0.006 20% 20% -85% -88% -33% $ 6,810,223.73
EMR Emerald Res NL 4.07 -4% 2% -7% 20% 25% $ 2,570,208,854.38
BYH Bryah Resources Ltd 0.005 25% 25% 0% -44% 67% $ 4,349,767.61
HCH Hot Chili Ltd 0.475 2% -28% -43% -60% -32% $ 72,766,151.52
WAF West African Res Ltd 2.435 1% 8% 45% 89% 70% $ 2,621,554,379.60
MEU Marmota Limited 0.039 5% -13% -3% -5% 0% $ 45,953,925.81
NVA Nova Minerals Ltd 0.34 1% 1% 48% 13% -8% $ 101,744,186.36
SVL Silver Mines Limited 0.1025 6% 8% -27% -41% 31% $ 167,298,886.85
PGD Peregrine Gold 0.16 -9% 7% -6% -27% 14% $ 14,424,115.97
ICL Iceni Gold 0.066 10% -19% 40% 154% -7% $ 20,320,441.61
FG1 Flynngold 0.022 0% -4% -24% -49% -12% $ 7,066,867.94
WWI West Wits Mining Ltd 0.019 0% 0% 6% 12% 36% $ 47,252,101.01
RML Resolution Minerals 0.008 0% -11% -50% -67% -33% $ 4,206,294.84
AAJ Aruma Resources Ltd 0.01 5% -29% -38% -41% -17% $ 1,998,523.55
HWK Hawk Resources. 0.019 0% -17% -37% -57% -14% $ 5,147,659.53
GMN Gold Mountain Ltd 0.002 0% 0% 0% -50% -33% $ 7,193,969.91
MEG Megado Minerals Ltd 0.011 0% -27% -28% 15% -35% $ 4,616,515.88
HMG Hamelingoldlimited 0.09 15% 15% 8% 22% 41% $ 17,718,750.00
BM8 Battery Age Minerals 0.06 18% -2% -43% -40% -43% $ 6,909,589.13
TBR Tribune Res Ltd 5.11 -2% 7% 7% 13% 19% $ 262,340,385.00
FML Focus Minerals Ltd 0.23 -6% 10% 31% 15% 35% $ 65,908,488.35
VRC Volt Resources Ltd 0.004 0% 0% 0% -33% 33% $ 18,739,111.93
ARV Artemis Resources 0.0095 19% 36% -37% -47% 19% $ 24,021,028.43
HRN Horizon Gold Ltd 0.45 0% 1% 13% 61% -6% $ 65,177,965.35
CLA Celsius Resource Ltd 0.0065 -7% -7% -41% -35% -41% $ 20,352,998.40
QML Qmines Limited 0.043 -4% -5% -41% -34% -20% $ 17,585,018.33
RDN Raiden Resources Ltd 0.005 0% -17% -83% -85% -55% $ 17,254,457.21
TCG Turaco Gold Limited 0.44 2% 24% 26% 159% 73% $ 365,464,491.71
KCC Kincora Copper 0.037 16% 48% -10% -5% 37% $ 8,903,101.93
GBZ GBM Rsources Ltd 0.009 29% 13% 0% -25% 13% $ 10,539,629.80
DTM Dart Mining NL 0.004 0% -20% -69% -86% -56% $ 2,751,055.66
MKR Manuka Resources. 0.035 17% 9% -34% -56% 25% $ 28,376,868.42
AUC Ausgold Limited 0.52 -5% -2% -12% 73% 24% $ 185,613,030.20
ANX Anax Metals Ltd 0.006 0% -33% -54% -75% -50% $ 5,296,845.40
EMU EMU NL 0.022 5% -24% -15% -20% -19% $ 4,259,231.00
SFM Santa Fe Minerals 0.037 -3% -10% 23% -21% 19% $ 2,694,295.19
PNR Pantoro Gold Limited 3.05 11% 12% 44% 111% 99% $ 1,109,381,295.75
CMM Capricorn Metals 9.16 -8% 13% 39% 86% 46% $ 3,882,485,323.71
VRL Verity Resources 0.013 8% -11% -56% -78% -33% $ 2,396,427.29
HAW Hawthorn Resources 0.048 9% 4% -17% -30% 17% $ 16,080,749.42
BGD Bartongoldholdings 0.47 7% 49% 65% 81% 92% $ 94,137,611.11
SVY Stavely Minerals Ltd 0.013 -13% -28% -59% -57% -24% $ 8,160,631.40
AGC AGC Ltd 0.14 -3% -28% -22% 79% -10% $ 35,923,611.08
RGL Riversgold 0.004 -11% 0% 14% -43% 0% $ 8,418,562.97
TSO Tesoro Gold Ltd 0.031 11% -6% -6% -14% 55% $ 49,709,249.31
GUE Global Uranium 0.056 0% -20% -26% -38% -7% $ 24,264,664.99
CPM Coopermetalslimited 0.04 0% 5% -15% -65% -13% $ 2,977,514.70
MM8 Medallion Metals. 0.24 -6% 26% 153% 293% 100% $ 112,508,757.45
FFM Firefly Metals Ltd 0.8125 0% -22% -23% 11% -12% $ 453,811,770.41
CBY Canterbury Resources 0.021 -5% -13% -32% -22% -5% $ 4,146,258.82
SLA Solara Minerals 0.115 -8% 0% -56% -56% 28% $ 6,668,254.65
SFR Sandfire Resources 10.03 8% -13% -6% 10% 8% $ 4,536,594,358.77
TAM Tanami Gold NL 0.036 9% 29% 0% -14% 20% $ 43,478,590.70
NWM Norwest Minerals 0.012 -14% 20% -43% -75% -14% $ 6,306,553.63
ALK Alkane Resources Ltd 0.75 -3% 21% 26% 17% 47% $ 445,073,290.62
BMO Bastion Minerals 0.003 0% -14% -57% -57% -25% $ 2,534,173.99
IDA Indiana Resources 0.078 -3% 1% 44% 77% 28% $ 48,847,666.81
GSM Golden State Mining 0.009 13% -10% -14% -10% 13% $ 2,514,335.67
NSM Northstaw 0.041 11% -15% 173% 25% 156% $ 10,947,060.00
GSN Great Southern 0.021 0% -9% 45% 5% 40% $ 21,929,694.38
VAU Vault Minerals Ltd 0.4425 -6% -5% 13% 4% 34% $ 2,993,088,288.08
DEG De Grey Mining 2.46 -6% 17% 68% 94% 39% $ 5,899,266,595.92
THR Thor Energy PLC 0.011 10% -8% -27% -45% -15% $ 7,818,688.19
CDR Codrus Minerals Ltd 0.02 25% 25% -5% -49% 18% $ 3,803,912.59
MDI Middle Island Res 0.019 12% 12% 0% 0% 58% $ 5,235,177.07
WTM Waratah Minerals Ltd 0.1875 17% 7% -46% 79% 21% $ 36,549,749.88
POL Polymetals Resources 0.95 14% 17% 68% 233% 19% $ 227,893,264.46
RDS Redstone Resources 0.006 71% 71% 71% 50% 140% $ 5,552,270.76
NAG Nagambie Resources 0.023 5% 53% 35% 64% 28% $ 17,672,651.57
BGL Bellevue Gold Ltd 0.9075 -6% -32% -44% -48% -19% $ 1,262,258,821.49
GBR Greatbould Resources 0.081 -10% 14% 53% 27% 88% $ 58,545,287.49
KAI Kairos Minerals Ltd 0.021 8% 0% 17% 75% 75% $ 52,618,243.78
KAU Kaiser Reef 0.175 -3% 3% -20% 21% 9% $ 60,266,192.00
HRZ Horizon 0.061 -5% -8% -3% 69% 53% $ 130,555,954.73
CDT Castle Minerals 0.058 5% -3% -36% -68% -3% $ 6,380,526.35
RSG Resolute Mining 0.4725 6% 6% -46% 13% 20% $ 979,363,005.98
MXR Maximus Resources 0 -100% -100% -100% -100% -100% $ 33,424,752.21
EVN Evolution Mining Ltd 7.99 -4% 16% 49% 102% 66% $ 15,818,790,276.40
CXU Cauldron Energy Ltd 0.008 0% -20% -47% -80% -33% $ 11,691,236.87
DLI Delta Lithium 0.17 6% 3% -28% -43% 0% $ 114,646,686.72
ALY Alchemy Resource Ltd 0.006 20% -14% -33% -14% -14% $ 7,068,457.54
NH3 Nh3Cleanenergyltd 0.025 -4% 4% 14% 32% 39% $ 12,985,910.06
OBM Ora Banda Mining Ltd 1.065 -8% 2% 20% 255% 64% $ 1,902,219,487.31
AVW Avira Resources Ltd 0.008 33% 0% -60% -60% -60% $ 1,464,901.83
LCY Legacy Iron Ore 0.009 -10% -10% -28% -42% -10% $ 78,096,340.67
PDI Predictive Disc Ltd 0.3675 -3% -8% 34% 71% 60% $ 940,600,155.96
MAT Matsa Resources 0.064 7% 10% 60% 100% 83% $ 47,638,288.62
ZAG Zuleika Gold Ltd 0.013 0% 8% -24% -35% 0% $ 8,902,559.12
GML Gateway Mining 0.03 -9% 43% 25% 58% 43% $ 12,673,429.15
SBM St Barbara Limited 0.29 16% 26% -38% 12% 29% $ 297,782,743.78
SBR Sabre Resources 0.007 17% 0% -50% -61% -30% $ 2,357,771.60
STK Strickland Metals 0.096 5% 12% 35% -26% 13% $ 221,711,260.11
CEL Challenger Gold Ltd 0.081 25% 29% 33% 9% 72% $ 136,706,914.16
GG8 Gorilla Gold Mines 0.48 13% 20% 92% 1037% 85% $ 300,971,198.40
NST Northern Star 21 -5% 15% 20% 42% 36% $ 23,813,121,690.70
OZM Ozaurum Resources 0.115 0% 85% 219% 140% 283% $ 24,948,206.03
TG1 Techgen Metals Ltd 0.022 -19% -27% -27% -33% -37% $ 3,490,645.62
XAM Xanadu Mines Ltd 0.057 -3% 8% -22% -17% 16% $ 108,995,260.69
AQI Alicanto Min Ltd 0.03 -3% -6% -21% 49% -19% $ 25,444,289.28
KTA Krakatoa Resources 0.009 0% 0% -10% -18% -5% $ 6,201,340.25
ARN Aldoro Resources 0.52 0% 73% 542% 643% 37% $ 92,254,336.20
WGX Westgold Resources. 3.05 -4% 3% -8% 38% 8% $ 2,810,466,876.20
MBK Metal Bank Ltd 0.01 -17% -44% -44% -49% -33% $ 4,974,589.98
A8G Australasian Metals 0.07 -4% -7% -42% 1% -11% $ 4,052,280.75
TAR Taruga Minerals 0.01 11% 25% -9% 11% 0% $ 7,060,267.85
DTR Dateline Resources 0.007 17% 56% 56% -46% 100% $ 16,593,411.72
GOR Gold Road Res Ltd 3.135 -3% 32% 59% 92% 53% $ 3,411,293,048.40
S2R S2 Resources 0.105 9% 69% 36% -19% 57% $ 45,285,799.30
NES Nelson Resources. 0.003 50% 0% 20% 0% 0% $ 4,343,855.32
TLM Talisman Mining 0.155 3% -6% -37% -34% -24% $ 28,248,052.35
BEZ Besragoldinc 0.049 -2% -9% -40% -46% -46% $ 19,943,469.65
PRU Perseus Mining Ltd 3.325 -5% 5% 12% 53% 29% $ 4,501,074,079.67
SPQ Superior Resources 0.0045 0% -25% -31% -55% -25% $ 10,669,422.26
PUR Pursuit Minerals 0.043 0% -43% -71% -83% -55% $ 3,789,890.59
RMS Ramelius Resources 2.575 -9% 17% 5% 31% 24% $ 2,908,950,238.18
PKO Peako Limited 0.003 0% 0% 0% -3% 0% $ 4,463,225.88
ICG Inca Minerals Ltd 0.005 0% 0% 0% 0% 0% $ 6,381,950.00
A1G African Gold Ltd. 0.12 -8% 71% 30% 291% 118% $ 50,402,081.73
NMG New Murchison Gold 0.018 6% 13% 100% 200% 100% $ 167,124,451.82
GNM Great Northern 0.015 7% 7% 0% 36% 7% $ 2,319,436.16
KRM Kingsrose Mining Ltd 0.033 0% -6% -18% -8% -6% $ 24,866,375.13
BTRDA Brightstar Resources 0.515 -6% 3% -2% 21% 3% $ 234,967,010.85
RRL Regis Resources 4.61 -4% 24% 66% 120% 81% $ 3,331,656,806.94
M24 Mamba Exploration 0.013 0% -7% 8% -38% 8% $ 3,246,821.71
TRM Truscott Mining Corp 0.06 0% 0% -24% -9% -23% $ 11,486,913.60
TNC True North Copper 0.24 20% -33% -92% -97% -92% $ 24,538,608.12
MOM Moab Minerals Ltd 0.001 0% 0% -80% -80% -50% $ 1,733,666.03
KNB Koonenberrygold 0.075 15% 108% 369% 275% 525% $ 61,162,019.36
AWJ Auric Mining 0.26 -9% -5% -35% 30% -24% $ 37,983,109.61
ENR Encounter Resources 0.195 -3% -15% -43% -46% -40% $ 99,758,463.80
SNG Siren Gold 0.056 2% 4% -57% -5% -14% $ 12,919,265.93
STN Saturn Metals 0.3275 17% 15% 13% 36% 60% $ 116,059,831.20
USL Unico Silver Limited 0.245 9% 4% -32% 53% 26% $ 96,347,626.10
PNM Pacific Nickel Mines 0.024 0% 0% 0% -33% 0% $ 10,103,834.52
AYM Australia United Min 0.002 0% 0% 0% -33% -50% $ 3,685,154.97
HAV Havilah Resources 0.175 -3% -10% -17% -8% -22% $ 61,066,133.28
SPR Spartan Resources 2.015 -8% 16% 23% 233% 43% $ 2,537,499,854.34
PNT Panthermetalsltd 0.013 -13% -19% -68% -48% 18% $ 3,911,759.12
MEK Meeka Metals Limited 0.15 -9% 7% 100% 317% 95% $ 377,215,150.50
GMD Genesis Minerals 3.865 -12% 6% 51% 121% 56% $ 4,417,098,574.30
PGO Pacgold 0.061 0% -12% -31% -66% -19% $ 8,413,077.63
FEG Far East Gold 0.14 -13% -7% -26% 8% -22% $ 49,548,706.16
MI6 Minerals260Limited 0.13 4% 0% -4% -16% 0% $ 258,416,666.63
IGO IGO Limited 3.66 8% -14% -29% -49% -23% $ 2,726,164,126.80
GAL Galileo Mining Ltd 0.11 -4% -21% -24% -61% -12% $ 21,738,741.97
RXL Rox Resources 0.365 -13% 7% 83% 63% 83% $ 222,470,899.61
PTN Patronus Resources 0.069 13% 17% 8% 3% 41% $ 101,518,663.85
CLZ Classic Min Ltd 0.001 0% 0% 0% -88% 0% $ 1,544,025.56
TGM Theta Gold Mines Ltd 0.14 -3% -10% -30% -13% -22% $ 123,120,007.64
FAL Falconmetalsltd 0.105 5% -22% -36% -19% -9% $ 17,523,000.00
SPD Southernpalladium 0.24 -24% -42% -56% -52% -60% $ 20,918,500.00
ORN Orion Minerals Ltd 0.013 -13% -19% -35% -32% -13% $ 89,055,821.63
TMB Tambourahmetals 0.026 -7% -19% -26% -68% 24% $ 3,057,341.20
TMS Tennant Minerals Ltd 0.0075 50% -38% -46% -69% -17% $ 7,647,123.32
AZY Antipa Minerals Ltd 0.545 1% 24% 60% 354% 110% $ 306,851,895.58
PXX Polarx Limited 0.0075 -6% -6% -12% -42% 15% $ 17,816,257.34
TRE Toubani Res Ltd 0.265 -9% 36% -12% 96% 56% $ 65,253,588.32
AUN Aurumin 0.061 9% -5% 13% 36% -8% $ 30,149,868.78
GPR Geopacific Resources 0.024 14% 4% -10% -8% 20% $ 76,379,167.82
FXG Felix Gold Limited 0.175 -10% 6% 80% 154% 108% $ 54,269,553.69
ILT Iltani Resources Lim 0.25 14% 11% 2% 43% 22% $ 10,426,396.81
BRX Belararoxlimited 0.135 -4% 4% -47% -39% -23% $ 19,565,294.25
TM1 Terra Metals Limited 0.029 0% 45% -28% -47% 4% $ 11,821,416.80
TOR Torque Met 0.095 -2% -5% 16% -32% 79% $ 25,618,072.97
ARD Argent Minerals 0.023 0% -4% -21% 21% 35% $ 30,358,450.08
LM1 Leeuwin Metals Ltd 0.175 -10% 67% 140% 169% 25% $ 17,641,117.20
SX2 Southgold Consol 5.76 3% 33% 0% 0% 0% $ 656,741,778.04
Redstone Resources (ASX:RDS)
Coming off a spectacularly low base, Redstone emerged from its slumber with news it had resumed diamond drilling at the Tollu copper project over in WA's remote West Musgrave region.
The district has lost some shine since BHP decided to place its nearby Nebo-Babel development, a $1.7bn initiative, on ice due to low nickel prices.
RDS has exploration incentive scheme co-funding from the WA Government up to $220,000 to drill a single 1200m diamond hole at Tollu, where high-grade copper has already been struck in results stretching down to around 400m below the surface.
It's looking for a 'Voisey's Bay' style deposit, a reference to the rich Canadian nickel field found in the 1990s by Jean-Raymond Boulle and Robert Friedland's Diamond Fields Resources eventually sold to major Inco for C$4.3bn and still in operation under Vale today.
Advance Metals (ASX:AVM)
Advance has gambits in Mexico and Victoria, where it recently entered a binding agreement with CSE-listed Serra Energy Metals Corp to acquire 80% of the Myrtleford and Beaufort projects.
That delivered some impressive results from maiden drilling last week, with grades ranging up to 446g/t gold.
A diamond hole labelled AMD003 returned an intersection of 7.5m at 47.9g/t, following a hit from the company's first hole at Myrtleford of 8.2m at 22.4g/t.
'Once again we are seeing fantastic results returned from the Happy Valley Prospect at Myrtleford. In combination with previous drilling and the recent result from AMD001, we have now defined a coherent ultra-high grade zone with potential extensions in multiple directions," AVM MD Adam McKinnon said.
"Hole AMD003, in particular, is now one of the best holes ever drilled at Myrtleford with three separate high grade zones and individual gold assays up 446g/t.'