Lincoln Crowne weekly report covering the Australian copper & Gold Sectors. Dominant theme this week the performance of the AUD vs USD and its impact on the Australian sector producers.
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Lincoln crowne copper gold weekly 08072013 : AUD impact on Sector
1. 8th July 2013 WWW.LCC.ASIA
IMPORTANT DISCLAIMER
This report has been prepared by Lincoln Crowne & Company Pty. Limited ("LCC"). The research is based on information obtained from sources believed to be
accurate and reliable. LCC does not guarantee the accuracy, reliability, completeness or suitability of any such information and makes no warranty, guarantee
or representation, expressly or impliedly about this research. LCC accepts no obligation to correct or update the information. No opinion or recommendation is
made within this research. This report is not intended to be, nor should it be relied on, as a substitute for professional advice. This report should not be relied
upon as the sole basis for any investment decision or planning, and LCC does not accept any responsibility on this basis for actions made.
WEEKLYAustralianCopperGoldReport
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Aussie Gold Mines: A$ Down or Die
Global Economy Fundamentals
Source: Capital IQ, COMEX, LME, SHFE, Thomson Reuters, LCC research
Note: the SHFE copper price is based on the LME 3-month price and includes CIF premium, tax and duty.
Markets
A return to Kevin Rudd model of 2010 regarding mining taxation may be back on the cards following his return to power and his
promises to look at, and possibly make some changes to, policy areas including the mining tax.
More bears have joined the downgrading party against the dollar, with a major investment bank expecting the currency to fall to
US75¢ in 12 months.
Metals
Last Close Price
(in USD)
YTD Change 4-Week Change Week Change Energy and Commodities
Last Close Price
(in USD)
YTD Change 4-Week Change Week Change
Gold Comex ($/oz) 1224 ▼ -31% ▼ -1% ▼ -1% Crude Oil ($/barrel) 103.2 ▲ 11.8% ▲ 6.7% ▲ 7%
Silver ($/oz) 18.7 ▼ -49% ▼ -4% ▼ -4% Natural Gas ($/gallon) 3.6 ▲ 7.2% ▲ 1.7% ▲ 2%
Copper LME ($/lb) 3.07 ▼ -16% ▲ 0% ▲ 0% Coal - Central Appalachian 55.8 ▼ -6.6% ▲ 1.2% ▲ 1%
Platinum ($/oz) 1325 ▼ -23% ▼ -1% ▼ -1% Corn ($/bushel) 4.9 ▼ -36.2% ▼ -3.9% ▼ -4%
Palladium ($/oz) 678 ▼ -3% ▲ 3% ▲ 3% Wheat ($/bushel) 6.6 ▼ -15.7% ▲ 0.4% ▲ 0%
Exchange Rates Last Close Price YTD Change 4-Week Change Week Change Global Index Last Close Price YTD Change 4-Week Change Week Change
AUD/USD 0.91 ▼ -15% ▼ -1% ▼ -1% ASX 200 4841.7 ▲ 3% ▲ 1% ▲ 1%
EUR/USD 1.28 ▼ -4% ▼ -1% ▼ -1% Dow Jones Industry Average 15135.8 ▲ 11% ▲ 2% ▲ 2%
GBP/USD 1.49 ▼ -7% ▼ -2% ▼ -2% NYSE 9214.2 ▲ 6% ▲ 1% ▲ 1%
RMB/USD 0.16 ▲ 1% ▲ 0% ▲ 0% FTSE 100 6375.5 ▲ 5% ▲ 3% ▲ 3%
INR/USD 0.0166 ▼ -10% ▼ -1% ▼ -1% Shang Hai Exchange 2007.2 ▼ -14% ▲ 1% ▲ 1%
YEN/USD 0.0099 ▼ -13% ▼ -2% ▼ -2% Nikkei 225 14310.0 ▲ 30% ▲ 5% ▲ 5%
CAD/USD 0.95 ▼ -7% ▼ 0% ▼ 0% CAC 40 3753.9 ▲ 2% ▲ 0% ▲ 0%
ZAR/USD 0.10 ▼ -14% ▼ -2% ▼ -2% German DAX 7806.0 ▲ 2% ▼ -2% ▼ -2%
CHF/USD 1.04 ▼ -3% ▼ -2% ▼ -2% Hang Seng Index 20854.7 ▼ -11% ▲ 0% ▲ 0%
3.00
3.20
3.40
3.60
3.80
0
100
200
300
400
Apr 13 May 13 Jun 13 Jul 13
LME Copper Daily Price and Volume
Volume ('000 lot) Price (US$/lb)
4600
4800
5000
5200
5400
Apr 13 May 13 Jun 13 Jul 13
S&P/ASX 300 Index 3-Month Performance
(XJO)
3.50
3.70
3.90
4.10
4.30
4.50
20
40
60
80
100
Apr 13 May 13 Jun 13 Jul 13
SHFE Copper Daily Price and Stocks
Stocks ('000 t) Price (US$/lb)
1200
1300
1400
1500
1600
1700
Apr 13 May 13 Jun 13 Jul 13
Gold Price 3-Month Performance
Gold Price US$/oz Gold Price A$/oz
3.00
3.20
3.40
3.60
3.80
200
400
600
800
Apr 13 May 13 Jun 13 Jul 13
LME Copper Daily Price and Stocks
Stocks ('000 t) Price (US$/lb)
3.00
3.20
3.40
3.60
3.80
0
50
100
150
200
Apr 13 May 13 Jun 13 Jul 13
COMEX Copper Daily Price and Volume
Volume ('000 lot) Price (US$/lb)
3.50
3.70
3.90
4.10
4.30
4.50
0
20
40
60
80
100
Apr 13 May 13 Jun 13 Jul 13
SHFE Copper Daily Price and Volume
Volume ('000 lot) Price (US$/lb)
20
40
60
80
100
Apr 13 May 13 Jun 13 Jul 13
3.00
3.20
3.40
3.60
3.80
COMEX Copper Daily Price and Stocks
Stocks ('000 t) Price (US$/lb)
2. 8th July 2013 WWW.LCC.ASIA
IMPORTANT DISCLAIMER
This report has been prepared by Lincoln Crowne & Company Pty. Limited ("LCC"). The research is based on information obtained from sources believed to be
accurate and reliable. LCC does not guarantee the accuracy, reliability, completeness or suitability of any such information and makes no warranty, guarantee
or representation, expressly or impliedly about this research. LCC accepts no obligation to correct or update the information. No opinion or recommendation is
made within this research. This report is not intended to be, nor should it be relied on, as a substitute for professional advice. This report should not be relied
upon as the sole basis for any investment decision or planning, and LCC does not accept any responsibility on this basis for actions made.
WEEKLYAustralianCopperGoldReport
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The Australian gold producers’ pain is shared by other countries: e.g. in South Africa, at current gold price, some analyst
estimated that more than 60% of the industry is in loss-making territory. Similarly to Australia, the pressure on local miners may
be eased somewhat as the Rand depreciates, but other factors are negatively impacting the country’s gold and platinum miners:
rising wage bills, power-struggle among the mining unions, electricity costs soaring (with less reliable supply), falling grades,
difficult mining as underground operation reach depth of 4km, political interference in the industry and uncertainty about
ownership, royalty and tax regimes.
The Mongolian government has yet to grant approval to Rio Tinto to commence shipment of product from Oyu Tolgoi copper
mine. The company is still awaiting official approval at the time of the re-election of the incumbent president and despite ongoing
production at the facility. Rio has run out of room to store the concentrate. The stalemate could heighten concerns about the
risks of mineral resources investment in Mongolia.
Pluton Resources (ASC: PLV) has become the first ASX-listed company to opt in to the Western Australian government’s newly
initiated Mining Rehabilitation Fund, allowing for the immediate retirement of a A$19m environmental bond. The program was
officially put in effect on 1st July as a replacement for the State’s environmental bonds system.
Copper Producers
Source: Capital IQ, ASX announcements, LCC research. C1 and C3 costs as reported in last quarter, except for TGS, LCC estimate.
Emerging Copper Companies
Source: Capital IQ, ASX announcements, LCC research. C1 costs and capex as estimated and announced by the respective companies.
Companies
Independence Group (ASX: IGO) is ceasing exploration activity at the Stockman project. The company reported feasibility study
results earlier this year, based on an initial ore reserve of 8.4mt @ 2.3% copper, 4.3% zinc, 39 g/t silver and 1.1g/t gold. The
study envisaged a mine life of 9 years with annual production of 15,900 tonnes of copper, 25,200t zinc, 454,000oz silver and
4,900oz gold at life of mine C1 costs of US$1.76/lb Cu. Capital costs were put at A$291m.
Ticker Company Name
Open
Price
Close
Price
High
Price
Low
Price
Weekly
Change
Market
Cap
(A$m)
52 Week
Range
Cash
(A$m)
EV
(A$m)
EV/EBITDA
Ore
Reserve
(mt Cu)
EV/Ore
Reserv
e (¢/lb)
Project
C1 Costs
($/lb)
C3 Costs
($/lb)
ABY Aditya Birla Minerals 0.38 0.39 0.40 0.38 ▲ 0.1% 121 100 21 0.4x 0.473 2 Nifty 2.32 N/A
AOH Altona Mining 0.12 0.15 0.15 0.12 ▲ 7.3% 77 23 76 NM 0.061 57 Kylylahti 1.30 2.31
DML Discovery Metals 0.13 0.14 0.16 0.12 ▲ 4.9% 68 17 230 NM 0.403 26 Boseto N/A N/A
HGO Hillgrove Resources 0.06 0.06 0.06 0.05 ▲ 8.9% 62 17 96 4.4x 0.125 35 Kanmantoo 3.15 4.42
IVA Inova Resources 0.20 0.21 0.21 0.17 ▲ 2.7% 147 38 109 NM 0.080 62 Osborne 2.85 4.27
OZL OZ Minerals 4.08 3.99 4.26 3.88 ▼ -2.5% 1209 659 550 1.7x 0.748 33 Prominent Hill 1.85 3.23
PNA PanAust 1.84 1.90 2.01 1.84 ▲ 4.1% 1149 104 1204 4.0x 1.127 54 Phu Kham 1.28 1.98
SFR Sandfire Resources 5.13 5.66 5.78 5.08 ▲ 10.3% 881 110 1149 6.6x 0.466 112 DeGrussa N/A N/A
SRQ Straits Resources 0.01 0.01 0.02 0.01 ▲ 2.8% 15 57 66 5.1x 0.178 17 Tritton 2.37 2.38
TGS Tiger Resources 0.17 0.19 0.20 0.17 ▲ 14.6% 128 19 115 3.0x 0.303 17 Kipoi 1.07 1.35
Ticker Company Name
Open
Price
Close
Price
High
Price
Low
Price
Market
Cap
(A$m)
52 Week
Range
Cash
(A$m)
EV
(A$m)
Mineral
Resource
(mt Cu)
EV/Mineral
Resource
(¢/lb)
Project
C1 Costs
($/lb)
Capex
(US$m)
AVI Avalon Minerals 0.01 0.01 0.01 0.01 ▲ 14.6% 6 2 2 0.610 0.2 Viscaria 0.65 130
AVB Avanco Resources 0.06 0.07 0.07 0.06 ▼ -6.7% 75 7 53 0.755 3.2 Antas/Pedra Blanca 1.10 50
FND Finders Resources 0.17 0.17 0.17 0.17 ▲ 18.5% 72 3 68 0.209 15 Wetar 1.07 167
HAV Havilah Resources 0.21 0.24 0.24 0.20 ▲ 3.0% 29 7 23 0.623 1.6 Kalkaroo N/A 80
HCH Hot Chili 0.49 0.48 0.49 0.45 ▲ 8.2% 143 25 117 0.920 5.8 Productora 1.35 600
MMC Marengo Mining 0.03 0.03 0.03 0.03 ▼ -0.7% 31 6 77 0.806 4.3 Yandera n/a 1800
MNC Metminco 0.01 0.01 0.02 0.01 ▲ 0.4% 24 15 15 6.538 0.1 Los Calatos 1.09 1500
RXM Rex Minerals 0.36 0.47 0.57 0.35 ▲ 10.4% 88 34 26 2.000 0.6 Hillside 1.20 900
ROL Robust Resources 0.25 0.21 0.25 0.21 ▲ 37.8% 19 23 -2 0.077 -1.4 Andash N/A 96
YTC YTC Resources 0.16 0.20 0.21 0.15 ▼ -10.3% 51 5 48 0.091 24 Nymagee N/A N/A
Weekly
Change
3. 8th July 2013 WWW.LCC.ASIA
IMPORTANT DISCLAIMER
This report has been prepared by Lincoln Crowne & Company Pty. Limited ("LCC"). The research is based on information obtained from sources believed to be
accurate and reliable. LCC does not guarantee the accuracy, reliability, completeness or suitability of any such information and makes no warranty, guarantee
or representation, expressly or impliedly about this research. LCC accepts no obligation to correct or update the information. No opinion or recommendation is
made within this research. This report is not intended to be, nor should it be relied on, as a substitute for professional advice. This report should not be relied
upon as the sole basis for any investment decision or planning, and LCC does not accept any responsibility on this basis for actions made.
WEEKLYAustralianCopperGoldReport
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Southern Hemisphere Mining (ASX: SUH) has increased the confidence of its resources at the Llahuin project in Chile. M&I
resources amount 149mt @ 0.29% Cu and 0.12g/t Au (using 0.28% Cu Eq. cut-off). The resource estimate shows that the higher
grade core, near surface, with no pre-strip requirement, contains 60mt @ 0.50% Cu Eq. using 0.36% Cu Eq. cut-off. Lundin
recently committed to proceed with the next phase of sole-funded exploration expenditure at Llahuin, comprising US$10m to
increase its interest from currently 20% to 51%. Lundin can earn up to 75% of the project by spending a total of up to US$35m.
Beadell Resources (ASX: BDR): the commencement of commercial production at the Tucano CIL gold plant in Brazil has been
very smooth, with production for the June Quarter totalling ~36,200oz Au. The CIL plant throughput capacity has reached
4.0mtpa (14% over nameplate capacity of 3.5mtpa) with gold recovery at 94%. Continued throughput increases approaching an
annualised rate of 4.5mtpa are expected in the September quarter with no additional capital expenditure or modifications
required. Cash and bullion as at 30 June 2013 totalled A$37m.
Evolution Mining (ASX: EVN) gold production for the June quarter totalled 112,526oz, +34% qoq highlighted by an outstanding
performance from Mt Rawdon of 35,165oz. FY2013 gold production totalled 392,886oz, +13% yoy and within the original and
unchanged guidance of 370-410,000oz. Productivity and efficiency improvements are being made across the company. The
exploration budget for FY2014 has been reduced to A$20m from A$28m in FY2013.
Regis Resources (ASX: RRL) has increased its ore reserve for Garden Well from 1.39moz of contained gold (net of reserve
mined to May 2013) to 1.70moz (A$1,000/oz gold price used). RRL is also committed to a stage 2 expansion of the Rosemont
plant. This will see the combined mill throughput of the Garden Well and Rosemont projects increase from 6.5mtpa to 7.5–8mtpa.
Capital cost for the Rosemont stage 2 plant expansion is expected to be in the order of A$20m (funded by operating cash flow)
and expected to be commissioned in the June 2014 quarter. This should result in a long term production rate for the Duketon
gold project in the order of 410–430kozpa at a cash cost (prior to royalties) of between A$630–680/oz.
Troy Resources (ASX: TRY) has finalised the documentation in relation to the A$40 million in loan facilities with Investec. TRY
has satisfied the conditions precedent relating to both the A$20 million Revolving Corporate Facility and A$20 million Revolving
Acquisition Facility (ALF) relating to its acquisition of Azimuth Resources (ASX: AZH) and the funds are now available for
drawdown. The RCF has a term of three years and will provide funding for general corporate and working capital purposes. The
ALF has a term of 18 months and will be used to assist with costs associated with the acquisition of Azimuth and ongoing work
associated with completing the PFS of Azimuth’s West Omai deposit. Neither facility will require gold or silver price hedging.
The receivers and managers of collapsed miner Apex Minerals (ASX: AXM) have suspended the struggling Wiluna gold mine.
Straits Resources (ASX: SRQ) has temporarily suspended operations at Mt Muro in Indonesia for a second time in a year after a
clash broke out between police and illegal miners. As a cautionary measure, the majority of SRQ personnel have been
evacuated from the mine.
Bullabulling Gold (ASX: BAB) has completed an updated economic assessment for its namesake project near Coolgardie. As
part of the DFS, Bullabulling revised the open pit design and mining plan (using a gold price of A$1,500/oz), resulting in
improved cash costs, extended mine life and increased gold production. The project is expected to produce 2.1moz over 12
years at C1 costs of US$843/oz and all-in costs of US$930/oz. NPV8% is A$166m, IRR is 15% before tax for a capex spend of
A$326m.
Mount Magnet South (ASX: MUM) has deprioritised immediate plans to develop its Kirkalocka gold project in Western Australia,
citing the falling gold price and challenging sector conditions. Kirkalocka has been projected to process 10.4mt @ 0.9 g/t Au for
280,000oz over a 5.5-year mine life at average LOM cash operating costs of A$1,051/oz, after capex spend of A$31.2m. MUM
indicated earlier that a condition to the provision of loan facilities is a gold price in excess of A$1,600/oz.
Mergers & Acquisitions
Discovery Metals (ASX: DML) is continuing discussions with interested parties in relation to a potential transaction. The lenders
have waived the requirement that DML be required to make an additional equity contribution of A$30 million to the Boseto project
by August 15. An additional event of default will occur if the Board has not recommended a bid to acquire the company by 31
July 2013 or the Company has not agreed investment terms with a cornerstone investor that are satisfactory to the lenders.
Updated mineral resources and ore reserves estimates for the Zeta and Plutus deposits should be ready for release mid July
2013.
4. 8th July 2013 WWW.LCC.ASIA
IMPORTANT DISCLAIMER
This report has been prepared by Lincoln Crowne & Company Pty. Limited ("LCC"). The research is based on information obtained from sources believed to be
accurate and reliable. LCC does not guarantee the accuracy, reliability, completeness or suitability of any such information and makes no warranty, guarantee
or representation, expressly or impliedly about this research. LCC accepts no obligation to correct or update the information. No opinion or recommendation is
made within this research. This report is not intended to be, nor should it be relied on, as a substitute for professional advice. This report should not be relied
upon as the sole basis for any investment decision or planning, and LCC does not accept any responsibility on this basis for actions made.
WEEKLYAustralianCopperGoldReport
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Ramelius Resources (ASX: RMS) has agreed the terms of a conditional sale and purchase agreement with Ero Mining (ASX:
ERO) to sell the Spargoville gold project via an all scrip transaction to the value of A$400,000. The Spargoville project
incorporates the mined Wattle Dam deposit and over 11,440 ha of surrounding exploration leases. Between 2006 and 2012 the
Wattle Dam mine produced 888,000t @ 10.1 g/t Au for approximately 286,00oz from a small open pit and underground mining
operation.
Emerging Gold Companies
Source: Capital IQ, LCC research. C1 costs and capex as estimated and announced by the respective companies.
Note: * Original cost in A$ converted to US$ using an exchange rate of 0.92.
Gold Producers
Source: Capital IQ, Goldnerds, LCC research.
Note: * These stocks are not primarily listed on the ASX. Prices, market cap and multiples are based on their primarily listed market quote.
Ticker Company Name
Open
Price
Close
Price
High
Price
Low
Price
Weekly
Change
Market
Cap (A$m)
52
Week
Range
Cash
(A$m)
EV
(A$m)
Reserves
(moz)
EV/Reserves
(A$/oz)
Project Name
C1 Costs
(US$/oz)
Capex
(US$m)
AZM Azumah Resources 0.03 0.03 0.03 0.03 ▲ 12.1% 10 3 7 0.4 16 Wa 802 144
BAB Bullabulling Gold 0.03 0.03 0.03 0.03 ▲ 25.3% NM 2 2 2.4 1 Bullabulling 1145 298*
CAS Crusader Resources 0.24 0.25 0.25 0.24 ▲ 6.4% 31 1 30 1.6 19 Borborema 558 169
DRM Doray Minerals 0.44 0.46 0.50 0.42 ▲ 15.0% 65 32 33 0.3 134 Andy Well 592 55*
GRY Gryphon Minerals 0.15 0.14 0.16 0.14 ▲ 5.0% 54 62 -8 1.1 -8 Banfora 774 208
KGD Kula Gold 0.09 0.09 0.09 0.08 ▲ 10.0% 11 5 6 0.8 7 Woodlark Island 730 160
MUM Mount Magnet South 0.01 0.02 0.02 0.01 ▲ 65.8% 10 2 8 0.3 29 Kirkalcka 1142 34*
PGI PanTerra Gold 0.08 0.08 0.08 0.07 ▲ 1.5% 58 2 56 0.6 89 Las Lagunas 307 83
PIR Papillon Resources 0.71 0.84 0.85 0.68 ▲ 23.2% 282 62 220 3.0 73 Fekola 580 292
Ticker Company Name
Open
Price
Close
Price
High
Price
Low
Price
Weekly
Change
Market
Cap (A$m)
52 Week
Range
Cash
(A$m)
Debt
(A$m)
EV
(A$m)
EV/EBITDA
Ore Reserve
(moz)
EV/Reserve
($/oz)
C1 Costs
($/oz)
C3 Costs
($/oz)
ANG* AngloGold Ashanti 16.22 13.87 16.58 13.87 ▼ -10.0% 5328 653 3368 8043 4.2x 75.6 106 894 1147
ASR* Alacer Gold Corp 2.41 2.49 2.65 2.34 ▲ 8.3% 714 245 63 532 2.1x 5.0 107 932 N/A
BEZ* Besra Gold 0.06 0.05 0.06 0.05 ▲ 15.9% 20 4 43 59 2.5x 0.1 539 956 1357
CCU Cobar Consolidated Resources 0.09 0.10 0.11 0.09 ▲ 14.7% 32 10 18 40 N/M 0.4 94 N/A N/A
EVN Evolution Mining 0.61 0.60 0.68 0.57 ▲ 4.9% 421 49 84 456 1.7x 3.4 134 918 1427
EDV* Endeavour Mining Corp 0.57 0.52 0.57 0.51 ▼ -9.7% 215 82 195 329 2.9x 2.6 127 1092 N/A
FML Focus Minerals 0.01 0.01 0.02 0.01 ▲ 1.0% 128 208 11 -69 N/M 0.5 -135 1893 N/A
GDO Gold One International 0.12 0.12 0.12 0.12 ▲ 4.3% 171 37 218 352 7.9x 2.7 131 1047 1246
KCN Kingsgate Consolidated 1.31 1.40 1.49 1.31 ▲ 10.7% 213 42 173 345 2.3x 2.7 129 1051 N/A
KRM Kingsrose Mining 0.38 0.49 0.55 0.38 ▲ 37.0% 143 9 6 141 6.2x 0.0 NM 1029 N/A
LSA Lachlan Star 0.12 0.12 0.12 0.12 -- 0.0% 12 3 26 35 N/M 0.1 256 1239 N/A
MML Medusa Mining 1.62 1.83 1.94 1.55 ▲ 18.0% 346 9 0 337 5.4x 0.6 594 296 N/A
MOY Millennium Minerals 0.01 0.01 0.01 0.01 ▲ 28.7% 61 3 54 113 N/M 0.7 167 826 1139
NCM Newcrest Mining 10.14 10.73 11.32 9.94 ▲ 8.6% 8222 97 3203 11328 6.3x 85.7 132 799 1086
NGF Norton Gold Fields 0.12 0.14 0.14 0.12 ▲ 0.1% 112 56 45 101 1.3x 1.1 90 1013 1282
NST Northern Star Resources 0.62 0.65 0.68 0.61 ▲ 10.4% 274 51 12 235 4.1x 0.3 913 646 867
OGC* OceanaGold Corporation 1.47 1.31 1.51 1.29 ▼ -2.3% 385 26 240 599 3.5x 2.9 206 687 N/A
PRU Perseus Mining 0.49 0.56 0.67 0.46 ▲ 27.6% 256 38 0 218 1.9x 3.6 61 1132 N/A
RDR Reed Resources 0.04 0.03 0.04 0.03 ▼ -17.5% 16 19 0 -3 1.1x 0.8 -4 1000 N/A
RED Red 5 0.62 0.62 0.62 0.60 -- 0.0% 84 15 23 93 N/M 0.8 124 1081 1481
RMS Ramelius Resources 0.12 0.12 0.15 0.12 ▲ 11.2% 41 43 4 1 0.0x 0.7 2 1076 N/A
RRL Regis Resources 2.98 3.40 3.57 2.97 ▲ 17.0% 1680 8 0 1672 10.2x 0.6 2934 582 N/A
RSG Resolute Mining 0.63 0.60 0.64 0.57 ▲ 0.1% 395 16 16 395 1.3x 3.0 130 831 N/A
SAR Saracen Mineral Holdings 0.13 0.13 0.13 0.12 ▲ 9.2% 74 7 15 82 1.9x 4.4 18 991 N/A
SBM St Barbara 0.48 0.51 0.58 0.46 ▲ 12.8% 246 66 217 397 1.8x 1.1 362 837 1051
SLR Silver Lake Resources 0.64 0.67 0.73 0.63 ▲ 13.0% 254 21 11 245 4.0x 5.7 43 640 N/A
TAM Tanami Gold 0.05 0.06 0.07 0.05 ▲ 14.6% 36 1 44 80 36.2x 1.8 45 1944 N/A
TBR Tribune Resources 1.33 1.34 1.40 1.27 ▲ 7.6% 70 9 14 75 1.5x 0.4 188 N/A N/A
TGZ* Teranga Gold Corp 0.62 0.59 0.63 0.57 ▼ -4.3% 146 49 76 173 0.7x 0.2 753 535 N/A
TRY Troy Resources 1.59 1.57 1.78 1.55 ▲ 2.6% 143 41 0 102 1.1x 1.4 71 804 N/A
UML Unity Mining 0.07 0.07 0.08 0.07 ▲ 0.3% 50 36 2 15 1.6x 0.6 24 922 N/A