Stockhead: April’s top 50 ASX miners and explorers

In April, the mining and exploration cohort was flying high - until it came crashing down. Here’s the top 50 for the month.

Like Crow Brodie Smith, mining and exploration stocks were flying. Then, also like Smith, they came crashing down. Picture: Sarah Reed/AFL Photos via Getty Images

In April, the mining and exploration cohort was going gangbusters, until it wasn’t.

Hitting an all-time high of 19,321.70 points on April 19, the S&P/ASX 200 Materials index (XMJ) then plummeted ~11% in a week to erase a full month of gains.

Part of the fall can be attributed to a disappointing earnings season for several of the big miners, caused by weaker than expected production, a lack of workers, and cost blowouts (hi, inflation).

The other part is China – our biggest export partner — playing silly buggers with commodity prices, which they do on the reg.

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This content first appeared on stockhead.com.au

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