Latest news with #WorldGoldCouncil
News18
a day ago
- Business
- News18
Gold Price Prediction: China Sells 90 Tonnes Of Gold—Will Prices Drop In The Coming Days?
1/9 A new wave of speculation has hit the gold market, sparking curiosity about future price trends. Recent fluctuations and international developments have significantly impacted the market. China, a major player in gold purchases, experienced a slowdown in June 2025. However, the country achieved record gold investments in the first six months of the year. The World Gold Council recently highlighted this development, revealing that China's largest investments were in ETFs. In the first half of 2025, China invested Rs 64,000 crore (US$8.8 billion) in gold ETFs, marking a historic record for half-year investments. In contrast, wholesale demand for gold jewellery dropped by 10 percent in June due to soaring gold prices, discouraging consumers from making new purchases. In June, 90 tonnes of gold were sold, marking a significant withdrawal from the Shanghai Gold Exchange (SGE). This figure is notably below the 10-year average, with total withdrawals in the first half of the year reaching 678 tonnes, an 18% decline from the previous year. Gold prices surged by 23% in US dollars and 21% in Chinese yuan (RMB) during the first half, the fastest growth rate since 2016. China's central bank People's Bank of China purchased gold for the eighth consecutive month, adding 19 tonnes in the first half of the year. China's gold reserves now stand at 2,299 tonnes. Although gold futures trading slowed slightly in June, the average daily volume in the first half of the year was 534 tonnes, the highest on record. China imported 89 tonnes of gold in May 2025, a 21 percent decrease from April and a 31 percent drop from May last year. This decline is primarily due to reduced demand for jewellery. Gold in China has transitioned from a mere jewellery item to a strategic investment vehicle. As consumer interest in jewellery wanes, record investments are being made in alternatives such as ETFs, bars, and coins. Central bank purchases continue to bolster gold's status as a strong investment option. The surge in gold purchases by Chinese investors is boosting global demand, directly influencing gold prices in India. This could lead to higher gold prices domestically, potentially reducing gold sales during weddings and festivals and impacting jewellers and small traders. According to the World Gold Council, a rising US dollar and Treasury yields are expected to negatively impact gold prices. In the medium term, gold prices may decline due to central bank purchases and reduced retail investment demand.
Economic Times
a day ago
- Business
- Economic Times
Gold jewellery demand dips after wedding season but investment buying stays strong: Report
AI generated image for representation purposes. Jewellery demand succumbed to seasonal weakness in June and early July, following the conclusion of the wedding season, but investment demand for the yellow metal remained strong, according to a report by the World Gold Council (WGC). Persistently high gold prices further suppressed demand, prompting consumers to defer non-essential purchases and opt for more affordable alternatives such as lightweight, lower-carat, or studded jewellery. The trend of exchanging old jewellery to manage costs continued to gain traction, as per market reports. Meanwhile, the shift toward investment-oriented buying persisted, with a growing preference for gold bars, coins, and plain gold chains (seen as quasi-investments), which are favoured for their lower fabrication per anecdotal reports, demand has been concentrated in lower-grammage coins, particularly those weighing less than 10g, the WGC said in the report. Leading listed gems and jewellery companies delivered a strong performance in the April–June quarter, reporting year-on-year revenue growth between 18% and 31%. This growth was largely price-led, even as volumes remained flat or moderated. A 32% year-on-year rise in gold prices during the quarter and key festivals and wedding demand during April–May boosted sales gold prices saw consumers shift toward lighter, lower-karat jewellery, while retailers effectively leveraged old gold exchange programs to drive sales. Some companies reported that old gold exchange was involved in as many as 40% of their sales. Studded jewellery continued to gain traction, while digital channels and franchise-led formats saw expansion, highlighting the industry's evolving retail expansion continued, with corporate retailers adding between two and 19 new outlets during the quarter, increasing the footprint of organised players in the sector. Indian gold ETFs saw a significant surge in inflows during June, outpacing peers across Asia and likely driven by elevated geopolitical tensions in the Middle East, which reinforced gold's traditional resilient and strategic asset attributes. Net inflows soared to INR 20.8 billion (US$242 million), the highest monthly inflow since January 2025 and the second-largest on record, broadly in line with our initial estimated momentum has continued into July, with healthy inflows recorded in the first 10 days of the month. Data from the Association of Mutual Funds in India (AMFI) show that cumulative assets under management (AUM) in Indian gold ETFs rose to INR 648 billion (US$7.5 billion), an 88% year-on-year increase. Total gold holdings climbed to 66.7 tonnes, with 2 tonnes added in June and 9 tonnes in the first half of 2025.
Time of India
a day ago
- Business
- Time of India
Gold jewellery demand dips after wedding season but investment buying stays strong: Report
Jewellery demand succumbed to seasonal weakness in June and early July, following the conclusion of the wedding season, but investment demand for the yellow metal remained strong, according to a report by the World Gold Council (WGC). Persistently high gold prices further suppressed demand, prompting consumers to defer non-essential purchases and opt for more affordable alternatives such as lightweight, lower-carat, or studded jewellery. The trend of exchanging old jewellery to manage costs continued to gain traction, as per market reports. Meanwhile, the shift toward investment-oriented buying persisted, with a growing preference for gold bars, coins, and plain gold chains (seen as quasi-investments), which are favoured for their lower fabrication charges. As per anecdotal reports, demand has been concentrated in lower-grammage coins, particularly those weighing less than 10g, the WGC said in the report. Leading listed gems and jewellery companies delivered a strong performance in the April–June quarter, reporting year-on-year revenue growth between 18% and 31%. This growth was largely price-led, even as volumes remained flat or moderated. Live Events A 32% year-on-year rise in gold prices during the quarter and key festivals and wedding demand during April–May boosted sales revenue. High gold prices saw consumers shift toward lighter, lower-karat jewellery, while retailers effectively leveraged old gold exchange programs to drive sales. Some companies reported that old gold exchange was involved in as many as 40% of their sales. Studded jewellery continued to gain traction, while digital channels and franchise-led formats saw expansion, highlighting the industry's evolving retail strategies. Store expansion continued, with corporate retailers adding between two and 19 new outlets during the quarter, increasing the footprint of organised players in the sector. Indian gold ETFs saw a significant surge in inflows during June, outpacing peers across Asia and likely driven by elevated geopolitical tensions in the Middle East, which reinforced gold's traditional resilient and strategic asset attributes. Net inflows soared to INR 20.8 billion (US$242 million), the highest monthly inflow since January 2025 and the second-largest on record, broadly in line with our initial estimated flows. This momentum has continued into July, with healthy inflows recorded in the first 10 days of the month. Data from the Association of Mutual Funds in India (AMFI) show that cumulative assets under management (AUM) in Indian gold ETFs rose to INR 648 billion (US$7.5 billion), an 88% year-on-year increase. Total gold holdings climbed to 66.7 tonnes, with 2 tonnes added in June and 9 tonnes in the first half of 2025.
See - Sada Elbalad
3 days ago
- Business
- See - Sada Elbalad
India's Gold Market Remains Resilient Despite Jewelry Slowdown and Slumping Imports
Waleed Farouk Despite a seasonal lull in gold jewelry demand and June gold imports falling to a 14-month low, the Indian gold market continues to hold steady, supported by strong retail earnings and growing investment demand, according to Kavita Chacko, Head of Research at the World Gold Council. In her monthly report, Chacko noted that gold prices lost momentum by the end of June, recording only a marginal month-on-month increase of 0.3%. She explained that prices were initially supported in early June by a weaker US dollar, rising geopolitical tensions, lower US Treasury yields, and positive inflows into gold-backed exchange-traded funds (ETFs). However, a shift in investor sentiment toward riskier assets curbed the precious metal's gains. Gold Shows Strong Performance Year-to-Date Despite Pressures Gold prices have risen by 2% so far in July, fueled by renewed trade tensions, bringing the yellow metal's year-to-date gains in 2025 to 28% in US dollar terms. In the Indian market, gold ended June with a 0.7% monthly increase to ₹95,676 per 10 grams and continued its upward trend in July, rising by another 1% to ₹97,095. Jewelry Demand Slows, While Investment Appetite Grows Despite gold's strong price performance, high prices weighed on jewelry demand. "Jewelry demand declined following the end of the wedding season and the onset of the seasonal lull in June and early July," Chacko stated. "Higher prices also prompted consumers to defer discretionary purchases or shift toward more affordable alternatives such as lightweight, lower-karat, or gemstone-studded jewelry." Old jewelry exchanges also increased as a cost-saving measure, while investment demand for gold bars, coins, and simple chains—seen as semi-investment products due to their lower manufacturing costs—grew significantly, according to market reports. Jewelry Companies Report Profit Growth Despite Lower Volumes Although demand volume remained subdued, jewelry companies reported higher profits in the second quarter of the financial year. Major listed companies recorded annual revenue growth between 18% and 31%, driven by a 32% year-on-year increase in gold prices and seasonal demand during April and May. Gemstone-studded jewelry also gained popularity as a response to high prices, while digital channels and franchise networks expanded significantly. Leading companies opened between two and 19 new stores during the quarter. Gold ETFs Record Second-Highest Inflows Ever June saw a surge in investment demand, with gold ETFs recording net inflows of ₹20.8 billion (approximately USD 242 million)—the second-highest monthly inflow on record—driven by escalating geopolitical tensions in the Middle East. Total assets under management for Indian gold ETFs reached USD 7.5 billion, an 88% year-on-year increase, while holdings rose to 66.7 tonnes, including additions of 2 tonnes in June and 9 tonnes in the first half of 2025—marking the largest H1 increase on record. Investor participation grew sharply, with 280,000 new accounts opened in June alone, up 27% from May and 41% year-on-year, pushing the total number of gold ETF accounts to 7.65 million. This underscores the growing importance of gold as a strategic asset in Indian portfolios. RBI Resumes Gold Buying at Slower Pace On the sovereign front, the Reserve Bank of India resumed gold purchases in June, adding 0.4 tonnes after a three-month pause, bringing official gold reserves to a record high of 880 tonnes. However, RBI's buying pace has slowed significantly in 2025, with only 3.8 tonnes added in the first half of the year—the lowest H1 addition in six years, compared to 37.1 tonnes in H1 2024. This likely reflects a more cautious approach in response to elevated global gold prices. Nonetheless, gold's share in India's total foreign exchange reserves has risen to a record 12.1%, up from 8.7% a year earlier. High Prices Drive Sharp Drop in Imports Elevated prices also triggered a sharp decline in gold imports, which fell to their lowest level in 14 months in June, marking the third consecutive monthly drop. Import values declined to USD 1.8 billion, down 26% year-on-year and 28% month-on-month. Estimated volumes ranged between 19 and 24 tonnes, compared to 31 tonnes in May. Jewelry Demand Likely to Rebound Ahead of Festival Season Chacko expects jewelry demand to rebound starting mid-August with the onset of the festive season. Meanwhile, investment demand is likely to remain strong in the coming weeks, supported by geopolitical uncertainty and rising prices of other asset classes. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle News "Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence" Sports Get to Know 2025 WWE Evolution Results News Flights suspended at Port Sudan Airport after Drone Attacks Arts & Culture Hawass Foundation Launches 1st Course to Teach Ancient Egyptian Language
News.com.au
4 days ago
- Business
- News.com.au
Gold Digger: Gold's fundamentals remain strong as investors seek shelter from the economic storm
Even in a bear case, the World Gold Council suggests there is natural support at US$3000/oz If economic conditions deteriorate, gold could run 10-15% higher still in H2 Anno Domini, anything goes in 2025 for gold with Bombs Over Baghdad (well not Baghdad, but all around it, it seems) sending the precious metal on a rocket to all time highs. We've caught our breath after the first round of Trump Admin tariffs and war in the Middle East sent bullion to US$3500/oz in April. But the precious metal is still 26% up through the first six months of the year and, as noted by the World Gold Council in its mid-year review this week, it's outperformed every asset major class there is, at least from an American-Eurocentric perspective. All up, the WGC has counted some 26 new all time highs through the first half of 2025, following on from 40 in 2024. Gold's attractiveness in times of crisis has been a major factor, with trade wars and concerns over the US economy sending investors flocking from US Treasuries for safe haven. The US Dollar has had its worst start to a year since 1973. "Conversely, gold ETF demand was particularly strong in the first half of the year, led by notable inflows from all regions," the WGC said in its report. "By the end of H1 the combination of a surging gold price and investor flight to safety pushed global gold ETF's total AUM 41% higher to US$383bn. "Total holdings rose by an impressive 397t (equivalent to US$38bn) to 3,616t – the highest month-end level since August 2022." While central bank demand doesn't look as strong as it did in the past three years, it will remain above long term averages. "At the same time, central bank demand is likely to remain robust in 2025, moderating from its previous records while staying well above the pre-2022 average of 500-600t." So where to from here? The WGC doesn't predict prices. But it has analysed the likelihood of various economic scenarios playing out. In the bull case global economic conditions could deteriorate, with gold benefitting from "lower interest rates and dollar weakness given growing concerns around US economic leadership and policy uncertainty." That would likely prompt a resurgence in central bank buying to diversify holdings away from paper currency and the Greenback, while gold ETFs have some slack. While high prices have been a deterrent, it's worth noting at 3616t, physical ETF holdings are shy of the 2020 peak of 3925t. The current bull cycle has seen 500t of additions and 400t of accumulation in the past six months alone. Previous bull cycles have seen ETFs amass 700-1100t, the WGC notes. A bull case could add a further 10-15% to gold in H2 for a 40% gain, eclipsing the percentage gain across 2024. A bear case, which would likely follow some form of risk resolution in terms of geopolitical and trade conflict (as remote as our dreams of firing Elon Musk off to Mars with only a Grok chatbot to keep him company), could lead to a 12-17% reduction in the gold price. Never fear ASX gold investors. That still hits a comfy natural support level of US$3000/oz. If you're not making money at that price your mine is not worth its salt. "In all, given the intrinsic limitations of forecasting the global economy, we believe that gold – through its fundamentals – remains well positioned to support tactical and strategic investment decisions in the current macro landscape," the report authors concluded. Winners and losers Here's how ASX-listed precious metals stocks are performing: CODE COMPANY PRICE WEEK % MONTH % 6 MONTH % YEAR % YTD % MARKET CAP MRR Minrex Resources Ltd 0.008 0% 0% 0% -20% 14% $ 8,678,940.02 NPM Newpeak Metals 0.021 0% 62% 31% 31% 91% $ 9,018,008.47 MTC Metalstech Ltd 0.14 8% 0% -3% -42% 0% $ 28,177,419.51 GED Golden Deeps 0.023 10% 0% 0% -39% -8% $ 4,073,891.12 G88 Golden Mile Res Ltd 0.009 -18% -31% 13% -10% 0% $ 4,898,230.70 LAT Latitude 66 Limited 0.037 -3% 23% -5% -74% -3% $ 5,305,826.09 NMR Native Mineral Res 0.155 -6% -30% 244% 675% 297% $ 137,011,284.06 AQX Alice Queen Ltd 0.004 0% 0% -56% -43% -50% $ 5,538,784.76 SLZ Sultan Resources Ltd 0.006 0% 20% -25% -25% 0% $ 1,388,819.46 KSN Kingston Resources 0.135 -4% 4% 73% 73% 90% $ 112,501,868.36 AMI Aurelia Metals Ltd 0.2 0% -35% 5% -5% 18% $ 330,051,664.80 GIB Gibb River Diamonds 0.035 9% 0% -10% -13% -13% $ 7,507,830.58 KCN Kingsgate Consolid. 2.46 -2% 1% 82% 47% 91% $ 616,026,543.88 TMX Terrain Minerals 0.0025 -17% 0% -38% -17% -17% $ 6,329,535.68 BNR Bulletin Res Ltd 0.056 -5% -7% 44% 24% 44% $ 17,910,412.70 NXM Nexus Minerals Ltd 0.065 -7% -21% 38% 71% 44% $ 43,470,692.14 SKY SKY Metals Ltd 0.078 28% 81% 47% 123% 44% $ 49,114,418.45 LM8 Lunnonmetalslimited 0.22 2% -8% 6% 38% -12% $ 49,641,339.15 CST Castile Resources 0.057 0% 2% -19% -29% -29% $ 17,121,920.48 YRL Yandal Resources 0.15 -12% 43% 3% -3% -14% $ 52,569,946.94 FAU First Au Ltd 0.004 14% 0% 100% 100% 100% $ 6,228,873.83 ARL Ardea Resources Ltd 0.42 0% 6% 25% -14% 27% $ 90,477,553.45 GWR GWR Group Ltd 0.115 17% 26% 35% 44% 44% $ 33,978,698.78 IVR Investigator Res Ltd 0.028 17% -10% 12% -45% 40% $ 48,515,961.51 GTR Gti Energy Ltd 0.004 0% 0% 0% 0% 14% $ 12,981,291.82 IPT Impact Minerals 0.008 14% 33% -26% -44% -15% $ 27,953,309.78 BNZ Benzmining 0.58 4% 26% 45% 330% 68% $ 110,501,390.72 MOH Moho Resources 0.005 25% 25% 25% 0% 0% $ 3,727,070.14 BCM Brazilian Critical 0.015 50% 36% 67% 0% 67% $ 20,968,531.76 PUA Peak Minerals Ltd 0.058 0% 205% 444% 1344% 648% $ 165,717,313.53 MRZ Mont Royal Resources 0.041 0% 0% 8% -38% -5% $ 3,486,221.51 SMS Starmineralslimited 0.027 8% 42% -25% -4% -25% $ 4,830,972.98 MVL Marvel Gold Limited 0.013 0% 0% 63% 117% 44% $ 18,111,154.14 PRX Prodigy Gold NL 0.002 0% 0% 0% 12% 0% $ 6,350,111.10 AAU Antilles Gold Ltd 0.005 0% 0% 0% 25% 67% $ 11,895,340.08 CWX Carawine Resources 0.095 -2% 0% -5% 10% -5% $ 22,431,917.66 RND Rand Mining Ltd 1.9 2% -9% 25% 30% 25% $ 106,926,806.68 CAZ Cazaly Resources 0.02 -9% -5% 54% -5% 43% $ 8,764,756.83 BMR Ballymore Resources 0.175 13% -8% 52% 9% 46% $ 35,346,117.00 DRE Dreadnought Resources Ltd 0.011 5% -8% 0% -48% -8% $ 55,874,500.00 ZNC Zenith Minerals Ltd 0.036 6% 20% 3% -29% -10% $ 18,001,486.90 REZ Resourc & En Grp Ltd 0.019 -10% 19% -42% 15% -17% $ 14,201,979.17 LEX Lefroy Exploration 0.13 24% 24% 88% 63% 86% $ 31,052,517.25 ERM Emmerson Resources 0.135 4% -4% 73% 114% 75% $ 82,630,454.27 AM7 Arcadia Minerals 0.021 17% 31% -9% -45% 11% $ 2,465,052.09 ADT Adriatic Metals 5.91 3% 9% 46% 73% 52% $ 1,775,635,876.45 AS1 Asara Resources Ltd 0.056 17% 4% 167% 460% 195% $ 61,665,959.49 CYL Catalyst Metals 4.9 -6% -22% 42% 180% 90% $ 1,185,897,171.69 CHN Chalice Mining Ltd 1.84 9% 17% 49% 52% 67% $ 696,357,950.52 KAL Kalgoorliegoldmining 0.04 -9% -9% 167% 33% 122% $ 15,650,073.06 MLS Metals Australia 0.02 18% 18% -17% 0% -13% $ 12,388,231.91 ADN Andromeda Metals Ltd 0.011 -8% -8% 83% -50% 57% $ 41,968,474.49 MEI Meteoric Resources 0.155 24% 19% 67% 15% 82% $ 350,604,417.30 SRN Surefire Rescs NL 0.002 0% 0% -20% -60% -32% $ 6,457,218.50 WA8 Warriedarresourltd 0.105 -5% -9% 110% 36% 139% $ 129,393,960.19 HMX Hammer Metals Ltd 0.029 -9% -17% -12% -28% -12% $ 23,081,726.20 WCN White Cliff Min Ltd 0.025 9% 14% 25% 67% 56% $ 55,507,881.36 AVM Advance Metals Ltd 0.044 10% -8% 16% 52% 29% $ 11,131,463.03 ASR Asra Minerals Ltd 0.002 0% 0% -33% -67% -33% $ 8,000,396.02 ARI Arika Resources 0.044 22% 16% 57% 120% 63% $ 34,445,969.27 CTO Citigold Corp Ltd 0.004 0% 0% 0% -20% 0% $ 12,000,000.00 SMI Santana Minerals Ltd 0.585 8% 0% 27% 43% 21% $ 422,790,424.88 M2R Miramar 0.004 0% 33% 0% -50% 33% $ 3,987,293.14 MHC Manhattan Corp Ltd 0.02 -5% -9% -29% -20% 5% $ 4,932,876.86 GRL Godolphin Resources 0.012 20% 9% -8% -29% -17% $ 5,162,043.09 SVG Savannah Goldfields 0.02 11% 11% 14% -37% 9% $ 23,973,117.82 EMC Everest Metals Corp 0.135 0% -7% 0% 13% 0% $ 30,257,719.43 GUL Gullewa Limited 0.069 1% -7% 23% -5% 23% $ 15,043,529.87 CY5 Cygnus Metals Ltd 0.087 -1% -7% -33% 38% -13% $ 95,693,596.02 G50 G50Corp Ltd 0.26 16% 93% 86% 44% 68% $ 43,361,367.93 ADV Ardiden Ltd 0.16 -3% 10% 14% 19% 19% $ 10,002,800.96 AAR Astral Resources NL 0.155 3% -14% 11% 87% 15% $ 226,883,100.64 VMC Venus Metals Cor Ltd 0.11 5% -4% 57% 38% 64% $ 23,535,441.96 NAE New Age Exploration 0.0035 17% 0% -13% -13% 0% $ 8,117,734.22 VKA Viking Mines Ltd 0.006 0% 0% -33% -33% -25% $ 8,063,692.49 LCL LCL Resources Ltd 0.006 0% -14% -40% -33% -40% $ 7,195,542.91 MTH Mithril Silver Gold 0.515 17% 3% 23% 203% 29% $ 72,254,170.89 ADG Adelong Gold Limited 0.005 0% 0% -17% 0% 11% $ 13,492,060.04 RMX Red Mount Min Ltd 0.008 -16% -20% -11% -20% -11% $ 4,602,141.26 PRS Prospech Limited 0.024 4% 33% -11% -37% -17% $ 9,091,821.29 TTM Titan Minerals 0.325 7% -14% -16% -34% -14% $ 83,425,825.92 AKA Aureka Limited 0.095 -14% -27% -47% -99% -30% $ 12,478,977.82 AAM Aumegametals 0.033 10% 3% -15% -40% -21% $ 20,539,843.43 KZR Kalamazoo Resources 0.1 15% 12% 30% 25% 35% $ 21,281,171.15 BCN Beacon Minerals 1.205 18% 4% 21% 12% 37% $ 121,510,365.05 MAU Magnetic Resources 1.42 -1% -12% 15% 15% 29% $ 389,096,304.55 BC8 Black Cat Syndicate 0.82 6% -13% 12% 110% 45% $ 573,113,006.82 EM2 Eagle Mountain 0.006 20% 0% -40% -88% -33% $ 6,810,223.73 EMR Emerald Res NL 3.75 2% -21% 5% -7% 15% $ 2,411,446,350.18 BYH Bryah Resources Ltd 0.007 17% -42% 75% 40% 133% $ 6,789,674.65 HCH Hot Chili Ltd 0.655 10% 19% -11% -31% -6% $ 93,237,877.58 WAF West African Res Ltd 2.25 -3% -3% 38% 46% 57% $ 2,530,721,898.18 MEU Marmota Limited 0.039 -3% -3% -32% -13% 0% $ 45,953,925.81 NVA Nova Minerals Ltd 0.26 -12% -29% -20% 18% -30% $ 102,699,328.42 SVL Silver Mines Limited 0.145 21% 21% 77% -12% 86% $ 276,692,308.80 PGD Peregrine Gold 0.185 -5% 3% 37% -3% 32% $ 16,121,070.79 ICL Iceni Gold 0.064 3% -3% -18% -12% -10% $ 23,001,192.93 FG1 Flynngold 0.03 -6% -14% 7% 30% 20% $ 11,739,494.10 WWI West Wits Mining Ltd 0.02 3% -17% 25% 25% 43% $ 64,294,361.35 RML Resolution Minerals 0.065 41% 48% 491% 171% 442% $ 41,676,766.74 AAJ Aruma Resources Ltd 0.009 13% -18% 0% -31% -25% $ 2,623,524.20 HWK Hawk Resources. 0.019 0% 36% -17% -47% -14% $ 4,876,730.08 GMNDA Gold Mountain Ltd 0.11 10% 120% 10% -27% -27% $ 12,925,446.28 MEG Megado Minerals Ltd 0.043 41% 258% 207% 402% 153% $ 25,181,647.22 HMG Hamelingoldlimited 0.068 8% -18% 13% -35% 6% $ 13,484,642.83 BM8 Battery Age Minerals 0.062 15% 22% -35% -56% -41% $ 9,259,911.20 TBR Tribune Res Ltd 4.77 0% -3% 11% 24% 11% $ 250,272,727.29 FML Focus Minerals Ltd 0.375 6% -3% 79% 163% 121% $ 113,190,664.78 VRC Volt Resources Ltd 0.005 43% 11% 67% 11% 67% $ 16,396,972.94 ARV Artemis Resources 0.005 0% -9% -38% -50% -38% $ 12,678,360.83 HRN Horizon Gold Ltd 0.52 -2% -10% 8% 86% 8% $ 75,316,759.96 CLA Celsius Resource Ltd 0.007 0% 0% -36% -46% -36% $ 21,948,419.16 QML Qmines Limited 0.046 -4% 21% -25% -21% -15% $ 22,061,893.30 RDN Raiden Resources Ltd 0.004 0% -20% -50% -85% -64% $ 15,529,011.49 TCG Turaco Gold Limited 0.47 -3% -3% 59% 92% 84% $ 479,080,192.80 KCC Kincora Copper 0.054 4% 42% 80% -5% 100% $ 12,934,629.84 GBZ GBM Rsources Ltd 0.023 53% 254% 156% 188% 188% $ 31,148,944.42 DTM Dart Mining NL 0.003 0% 0% -73% -83% -67% $ 3,594,166.73 MKR Manuka Resources. 0.047 5% 30% 78% 34% 72% $ 36,676,977.44 AUC Ausgold Limited 0.575 -1% -19% 35% 37% 37% $ 205,532,678.20 ANX Anax Metals Ltd 0.007 0% 0% -36% -71% -42% $ 6,179,652.97 EMU EMU NL 0.024 -4% 20% -8% -11% -11% $ 5,069,963.23 SFM Santa Fe Minerals 0.33 83% 725% 931% 931% 965% $ 21,845,636.70 PNR Pantoro Gold Limited 3 -1% -17% 68% 92% 96% $ 1,178,438,799.00 CMM Capricorn Metals 9.4 -1% -9% 31% 72% 50% $ 4,047,845,622.69 VRL Verity Resources 0.026 13% 8% 67% -33% 33% $ 6,985,586.70 HAW Hawthorn Resources 0.054 -5% -2% 32% -23% 32% $ 18,090,843.10 BGD Bartongoldholdings 0.7 -9% -23% 164% 186% 186% $ 157,248,025.90 SVY Stavely Minerals Ltd 0.02 67% 67% 0% -29% 18% $ 10,336,799.77 AGC AGC Ltd 0.16 3% 3% 10% -53% 3% $ 39,772,569.41 RGL Riversgold 0.005 25% 11% 25% -29% 25% $ 8,418,562.97 TSO Tesoro Gold Ltd 0.031 11% 24% 35% -3% 55% $ 58,425,842.00 GUE Global Uranium 0.068 8% 0% -4% -22% 13% $ 30,923,317.76 CPM Coopermetalslimited 0.047 31% 24% -4% -31% 2% $ 3,917,782.50 MM8 Medallion Metals. 0.26 4% -4% 108% 306% 117% $ 122,074,965.60 FFM Firefly Metals Ltd 1.135 -1% 8% 16% 38% 23% $ 738,438,914.45 CBY Canterbury Resources 0.024 0% -14% 4% -47% 9% $ 4,978,581.50 SLA Solara Minerals 0.2 18% 3% 21% -40% 122% $ 11,596,964.60 SFR Sandfire Resources 10.95 -1% -7% 11% 25% 18% $ 4,999,292,555.40 TAM Tanami Gold NL 0.059 -2% 23% 103% 90% 97% $ 65,805,434.58 NWM Norwest Minerals 0.014 8% 0% 2% -52% 17% $ 14,525,378.43 ALK Alkane Resources Ltd 0.65 -3% -15% 21% 17% 27% $ 393,602,229.80 BMO Bastion Minerals 0.0015 0% -5% -52% -68% -52% $ 2,372,022.36 IDA Indiana Resources 0.088 1% 16% 38% 90% 44% $ 57,203,188.76 GSM Golden State Mining 0.009 29% 29% 13% -18% 13% $ 2,234,965.04 NSM Northstaw 0.037 0% 17% 87% 108% 134% $ 11,359,363.90 GSN Great Southern 0.027 4% 23% 50% 35% 80% $ 26,913,715.83 VAU Vault Minerals Ltd 0.395 0% -7% 7% -6% 20% $ 2,686,976,985.89 THR Thor Energy PLC 0.01 11% 0% -9% -44% -23% $ 7,107,898.35 CDR Codrus Minerals Ltd 0.032 7% -16% 129% -11% 88% $ 5,788,562.61 MDI Middle Island Res 0.018 -5% -14% 20% 0% 50% $ 5,864,679.42 WTM Waratah Minerals Ltd 0.3 11% -8% 107% -2% 94% $ 67,718,557.14 POL Polymetals Resources 0.755 3% -12% -17% 165% -5% $ 195,503,984.21 RDS Redstone Resources 0.004 14% 33% 33% -20% 60% $ 4,137,069.42 NAG Nagambie Resources 0.017 13% 6% 6% 70% -6% $ 12,852,837.50 BGL Bellevue Gold Ltd 0.92 -3% -8% -18% -52% -18% $ 1,350,838,387.91 GBR Greatbould Resources 0.062 2% -17% 38% 9% 44% $ 57,992,501.10 KAI Kairos Minerals Ltd 0.024 -14% -23% 71% 167% 100% $ 63,141,892.54 KAU Kaiser Reef 0.175 0% -5% 3% -3% 9% $ 106,838,307.00 HRZ Horizon 0.049 -2% -4% 2% 40% 23% $ 118,370,054.02 CDT Castle Minerals 0.08 18% 0% 33% -33% 33% $ 9,164,756.03 RSG Resolute Mining 0.655 0% -1% 62% -2% 66% $ 1,383,882,508.45 EVN Evolution Mining Ltd 7.56 0% -11% 35% 90% 57% $ 14,977,791,299.68 CXU Cauldron Energy Ltd 0.01 18% 0% -21% -64% -14% $ 17,911,610.07 DLI Delta Lithium 0.17 3% -11% -6% -28% 0% $ 107,481,268.80 ALY Alchemy Resource Ltd 0.005 0% 0% -29% -38% -29% $ 6,479,419.41 NH3 Nh3Cleanenergyltd 0.064 28% 113% 256% 392% 256% $ 42,003,865.07 OBM Ora Banda Mining Ltd 0.66 -9% -33% -10% 47% 2% $ 1,205,643,786.88 AVW Avira Resources Ltd 0.007 0% 0% -65% -65% -65% $ 1,610,000.00 LCY Legacy Iron Ore 0.009 -10% -10% 0% -33% -10% $ 87,858,383.26 PDI Predictive Disc Ltd 0.435 1% 4% 71% 112% 89% $ 1,153,679,641.84 MAT Matsa Resources 0.072 14% 3% 67% 167% 106% $ 53,952,449.98 ZAG Zuleika Gold Ltd 0.016 14% -16% 33% -11% 23% $ 11,870,078.83 GML Gateway Mining 0.026 -4% -16% 18% -4% 24% $ 11,038,147.97 SBM St Barbara Limited 0.29 4% -11% 18% 23% 29% $ 303,196,975.48 SBR Sabre Resources 0.009 -10% 0% 29% -36% -10% $ 3,550,157.40 STK Strickland Metals 0.15 0% 7% 81% 56% 76% $ 328,042,170.57 CEL Challenger Gold Ltd 0.081 8% -7% 69% 42% 72% $ 169,474,253.50 GG8 Gorilla Gold Mines 0.37 0% -17% 53% 251% 42% $ 232,641,390.96 NST Northern Star 16.52 -1% -21% -5% 14% 7% $ 23,342,484,107.66 OZM Ozaurum Resources 0.081 23% 21% 170% 25% 170% $ 18,786,353.59 TG1 Techgen Metals Ltd 0.021 -16% -13% -30% -25% -40% $ 3,490,645.62 XAM Xanadu Mines Ltd 0.08 1% 1% 70% 38% 63% $ 181,005,683.93 AQI Alicanto Min Ltd 0.029 12% -6% -22% 45% -22% $ 24,596,146.30 KTA Krakatoa Resources 0.012 20% 0% 33% -8% 26% $ 10,076,742.33 ARN Aldoro Resources 0.365 0% 14% 33% 345% -4% $ 68,767,180.88 WGX Westgold Resources. 2.77 0% -9% 3% 0% -2% $ 2,584,120,550.60 MBK Metal Bank Ltd 0.011 10% -8% -27% -49% -27% $ 5,969,507.98 A8G Australasian Metals 0.067 0% 0% -16% -4% -15% $ 3,878,611.58 TAR Taruga Minerals 0.008 0% -11% -27% -11% -20% $ 5,710,032.46 DTR Dateline Resources 0.125 40% 26% 4067% 1983% 3471% $ 394,873,142.00 GOR Gold Road Res Ltd 3.2 0% -5% 34% 74% 56% $ 3,476,476,992.00 S2R S2 Resources 0.068 0% -4% -11% -32% 1% $ 38,495,477.10 NES Nelson Resources. 0.003 0% 0% -14% 0% 0% $ 6,515,782.98 TLM Talisman Mining 0.145 -3% 4% -31% -50% -29% $ 25,423,247.12 BEZ Besragoldinc 0.05 0% -17% -40% -30% -44% $ 20,774,848.25 PRU Perseus Mining Ltd 3.6 1% -6% 31% 32% 40% $ 4,841,878,059.48 SPQ Superior Resources 0.0045 13% 13% -25% -59% -25% $ 11,854,913.63 PUR Pursuit Minerals 0.065 -12% 71% -25% -57% -32% $ 6,582,441.56 RMS Ramelius Resources 2.51 5% -9% 7% 24% 21% $ 2,851,462,643.76 PKO Peako Limited 0.0025 0% 25% 0% -19% -17% $ 3,719,354.90 ICG Inca Minerals Ltd 0.014 56% 100% 87% 180% 180% $ 26,157,778.24 A1G African Gold Ltd. 0.21 0% 27% 256% 740% 282% $ 108,009,984.26 NMG New Murchison Gold 0.018 13% 0% 80% 227% 100% $ 175,464,451.81 GNM Great Northern 0.017 21% 21% 13% 55% 21% $ 2,628,694.31 KRM Kingsrose Mining Ltd 0.036 13% 13% 3% -23% 3% $ 27,126,954.68 BTR Brightstar Resources 0.54 15% -5% 8% 27% 8% $ 259,917,609.60 RRL Regis Resources 4.47 0% -6% 51% 127% 75% $ 3,340,651,487.68 M24 Mamba Exploration 0.013 0% 8% -13% 0% 8% $ 3,837,152.93 TRM Truscott Mining Corp 0.049 0% -6% -38% -23% -37% $ 9,380,979.44 TNC True North Copper 0.385 4% 28% -16% -93% -87% $ 50,316,201.26 MOM Moab Minerals Ltd 0.001 -33% 0% -50% -83% -50% $ 1,874,666.03 KNB Koonenberrygold 0.053 20% 33% 212% 231% 342% $ 49,203,420.82 AWJ Auric Mining 0.175 0% -3% -46% -27% -49% $ 33,476,598.36 ENR Encounter Resources 0.29 -2% 26% -3% -58% -11% $ 142,155,810.92 SNG Siren Gold 0.053 10% 4% -5% -26% -18% $ 11,167,501.06 STN Saturn Metals 0.43 9% 15% 105% 139% 110% $ 188,460,691.02 USL Unico Silver Limited 0.445 41% 68% 123% 112% 128% $ 192,695,252.20 PNM Pacific Nickel Mines 0.024 0% 0% 0% 0% 0% $ 10,103,834.52 AYM Australia United Min 0.002 0% -33% 0% -33% -50% $ 3,685,154.97 HAV Havilah Resources 0.18 -3% 0% -16% -25% -20% $ 59,369,851.80 SPR Spartan Resources 2 5% -7% 40% 85% 42% $ 2,505,017,048.34 PNT Panthermetalsltd 0.01 0% -38% 11% -60% -9% $ 3,309,950.03 MEK Meeka Metals Limited 0.14 0% -20% 27% 226% 82% $ 393,620,197.95 GMD Genesis Minerals 3.93 -5% -16% 35% 82% 59% $ 4,465,664,825.15 PGO Pacgold 0.065 5% -10% -16% -50% -13% $ 9,725,091.26 FEG Far East Gold 0.175 0% 9% 3% -5% -3% $ 67,900,078.81 MI6 Minerals260Limited 0.115 0% -15% -12% -21% -12% $ 237,743,333.30 IGO IGO Limited 4.94 9% 18% -7% -15% 4% $ 3,657,603,536.79 GAL Galileo Mining Ltd 0.165 10% 50% 0% -11% 32% $ 31,619,988.32 RXL Rox Resources 0.3 0% 0% 40% 94% 50% $ 220,228,793.78 PTN Patronus Resources 0.067 6% -3% 12% 12% 37% $ 109,705,652.87 CLZ Classic Min Ltd 0.001 0% 0% 0% 0% 0% $ 3,017,699.21 TGM Theta Gold Mines Ltd 0.185 16% 37% 19% 32% 3% $ 172,306,249.98 FAL Falconmetalsltd 0.665 250% 343% 412% 122% 478% $ 89,385,000.00 SPD Southernpalladium 0.6 -6% 0% 2% 62% 0% $ 62,565,750.00 ORN Orion Minerals Ltd 0.01 0% -9% -29% -33% -33% $ 70,423,003.77 TMB Tambourahmetals 0.022 0% 0% -12% -55% 5% $ 3,474,996.92 TMS Tennant Minerals Ltd 0.007 0% 17% -36% -67% -22% $ 7,461,232.91 AZY Antipa Minerals Ltd 0.575 3% -29% 98% 379% 121% $ 359,198,895.99 PXX Polarx Limited 0.01 25% 43% 67% -17% 54% $ 19,004,007.82 TRE Toubani Res Ltd 0.33 14% 6% 136% 65% 94% $ 86,197,159.26 AUN Aurumin 0.099 10% 2% 62% 161% 50% $ 49,129,754.26 GPR Geopacific Resources 0.028 8% 22% 40% 25% 40% $ 85,926,563.80 FXG Felix Gold Limited 0.165 27% 18% 27% 267% 96% $ 74,610,077.87 ILT Iltani Resources Lim 0.195 5% -9% -5% -15% -5% $ 12,528,752.38 BRX Belararoxlimited 0.08 25% 38% -50% -71% -54% $ 9,881,937.60 TM1 Terra Metals Limited 0.061 30% 36% 91% -9% 118% $ 28,673,817.96 TOR Torque Met 0.205 37% 52% 302% 52% 287% $ 105,315,429.40 ARD Argent Minerals 0.022 5% -8% 10% 22% 29% $ 31,815,090.56 LM1 Leeuwin Metals Ltd 0.135 0% 0% 13% 101% -4% $ 14,112,893.76 SX2 Southgold Consol 6.13 2% -19% 61% 0% 0% $ 843,143,743.26 UVA Uvrelimited 0.125 4% 44% 39% 25% 40% $ 24,076,000.13 VTX Vertexmin 0.23 -2% -19% 0% 180% 11% $ 46,397,181.71 Falcon Metals (ASX:FAL) An unexplained 30% gain on Friday followed a high-grade gold discovery late last week from the Blue Moon prospect on the outskirts of the Bendigo gold zone. The Bendigo region has delivered 22Moz of gold since the gold rush, including 5.2Moz at 15g/t from the Garden Gully Anticline. Mark Bennett chaired Falcon thinks Blue Moon is sitting to the north of that trend on the Eastern Limb of the anticline, with visual gold and a deep hit of 1m at 543g/t from 544.2m getting small cap punters all hot and bothered. Santa Fe Minerals (ASX:SFM) This one has been quiet since early July, when it picked up the Eburnea project from West African gold hunter Turaco Gold (ASX:TCG), which hosts previous drill results like 26m at 4.82g/t and 30m at 1.92g/t. SFM is now up a quite remarkable 725% in a month. Could it follow a similar trajectory to the now 2.5Moz Turaco and its Afema project and Many Peaks Minerals (ASX:MPK), which has had similar success at Ferké, another project traded out of Turaco's Cote d'Ivoire portfolio, and announced a private $13.5m placement this week? Stavely Minerals (ASX:SVY) Previously focused on the copper resource at its Cayley Lode discovery, SVY has turned its attention to the gold potential of its Stavely project in Western Victoria. It plunged just one RC drill hole into the Fairview South prospect, but it was a good'un, striking 40m at 1.96g/t gold, from surface no less. Some high-grade results from rock chips 600m to the south have also provided encouragement, opening up a fair lick of strike to target future drilling activities. That was followed up by gold hits at the Fairview North prospect that suggested heap leachable material was located in shallow positions at the prospect, including a headline strike of 59m at 1.31g/t from surface. "It's great to see such a consistent set of gold results from the recent RC drilling at Fairview North, where the mineralisation is characterised by shallow, broad zones of moderate grade gold mineralisation with notable internal zones of higher-grade," SVY MD Chris Cairns said. 'The significance of the shallow broader zones of gold mineralisation is that metallurgical testwork completed in 2017 clearly demonstrates that this style of mineralisation is amenable to low-capital and low-operating cost heap leach extraction." SVY says it now understands the orientation to mineralisation at the Flexure A area, with more drilling to define that at the Flexure B and C areas.
