Investors Who Bought These Five ASX Gold Stocks A Year Ago Have No Reason to Complain

货币战争 黄金
Published on: January 12, 2024
Author: Caroline Kong

The precious metal gold experienced a rollercoaster ride in 2023, falling in the first half of the year after once approaching all-time highs before hitting a record high in December. Gold stocks are becoming more attractive to investors as factors such as interest rates, inflation and geopolitics continue to favour the price of gold in 2024.

Here’s a look at the five best performing gold stocks on the Australian Securities Exchange (ASX) over the past year for investors. All data was collected as at the close of trading on 8 January 2024

  1. Strickland Metals (ASX:STK)

Year-on-year gain: 185.71%; Market cap: A$204.05 million; Current share price: A$0.12

Strickland Metals (ASX:STK) is an exploration company with several metals projects in Western Australia. The company’s main business is the Yandal East project, which owns the Horse Well target, and the Bryah Basin gold-copper project in the Gascoigne region and the Iroquois zinc-lead-silver project in the Earaheedy Basin. The company sold the Millrose gold deposit to Northern Star Resources for A$61 million on 25 July last year.

  1. Spartan Resources (ASX:SPR)

Year-on-year gain: 178.73%; Market cap: A$472.26 million; Current share price: A$0.49

Spartan Resources (ASX:SPR) is a gold exploration and development company with its core assets located in Western Australia, where its flagship Dalgaranga gold mine produced 71,153 ounces of gold in 2022 before being placed on care and maintenance due to lower grades reducing the mine’s capacity. The company believes the discovery of the Never Never deposit will provide it with higher grade ore. Since then, Spartan’s share price began to rise in May last year after it was announced that the latest assay results from Never Never showed significant high-grade mineralization 110 metres below the core ore body.

  1. Ora Banda Mining (ASX:OBM)

Year-on-year gain: 166.67%; Market cap: A$418.16 million; Current share price: A$0.24

Ora Banda Mining is a mid-tier gold producer in the Eastern Goldfields mining district of Western Australia.In 2023, the majority of the company’s activities are focused on three assets: the Riverina-Mulline project, which is on target to start production in 2025; and its flagship project, located 44 kilometres south of Riverina Davyhurst, which includes the Golden Eagle underground mine, Waihi open pit and concentrator with a processing capacity of 1.2 million tonnes per annum; and the Siberia project, 37km south-east of Davyhurst, which includes the Missouri open pit and Sand King deposit.

  1. Emerald Resources (ASX:EMR)

Year-on-year gain: 161.21%; Market cap: A$1.87 billion; Current share price: A$3.03

Emerald Resources (ASX:EMR) is a mid-tier gold exploration and development company whose core asset is the Okvau gold mine in Cambodia, with total measured, indicated and inferred reserves of 990,000 ounces. The company currently holds a 76.5% stake in Bullseye Mining and has extended its full acquisition date to 29 December. The Bullseye Mining stake will give the company access to three other mining projects in Western Australia.

  1. Besra Gold (ASX:BEZ)

Year-on-year gain: 159.62%; Market cap: A$58.53 million; Current share price: A$0.14

Besra Gold is a junior-stage gold mining company focused on developing the Bau gold mine in Sarawak, East Malaysia. The project consists of 36 tenements covering 120 square kilometres with multiple deposits and historical production dating back to the 19th century. In a feasibility study conducted in December 2013, Besra reported a gold resource of more than 3 million ounces, with the potential to mine a further 4.9 million to 9.3 million ounces.

If you’re interested in investing in precious metals stocks, you might want to keep an eye on this company: Silver Storm Mining Ltd. (TSXV:SVRS). Silver Storm Mining Ltd. holds advanced-stage silver projects located in Durango, Mexico. Golden Tag recently completed the acquisition of 100% of the La Parrilla Silver Mine Complex, a prolific operation which is comprised of a 2,000 tpd mill as well as five underground mines and an open pit that collectively produced 34.3 million silver-equivalent ounces between 2005 and 2019. The Company also holds a 100% interest in the San Diego Project, which is among the largest undeveloped silver assets in Mexico.

Disclaimer: Investing involves risk, and individuals should conduct thorough research and seek professional advice before making financial decisions. NAI is being compensated for this content. Materials contained in this content are for information purposes only and is not intended to constitute an offering of securities in any jurisdiction. Nothing on this content should be construed as an offer, solicitation or recommendation to buy or sell products or securities.

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