Gold Digger: Turns out China can screw with gold prices as well

Gold prices have come off record highs as Chinese investors led a sell-off. Will they be back after the Labour Day holiday?

Gold has hit the pause button. But it could rise again. Pic: Getty Images

• Gold pares back gains after Trump's team go soft on tariffs

• But Chinese market gold selling played a big role ahead of a key public holiday week

• Dateline storms higher on Trump endorsement

After bounding powerfully to US$3500/oz in mid-April, the Trump administration's attempts to thaw relations with every trading partner it's put offside in recent weeks has brought a touch of reality back to the precious metal.

Tariff talks have, supposedly, been sought and Treasury Secretary Scott Bessent has been softer in recent days, hinting that trade deals with companies affected by the US reciprocal tariff announcement on April 2 could be forthcoming.

A US dollar rally followed news Trump had reached out to China.

"Risk appetite was also boosted by robust earnings results from tech companies. Physical demand in the US may also be abating. The US Mint said American Eagle gold coin sales totalled 11koz in April, down from 55.5koz in March. Gold-backed ETFs also saw their total holdings fall for a seventh consecutive day," ANZ noted.

It came after global political and macroeconomic uncertainty drove gold demand to a nine-year high for a March quarter, according to figures from the World Gold Council.

Gold is back around the US$3250/oz level ($5073/oz) after a more than 2% drop overnight.

It's not just Trump moving the needle. Around 1Moz of gold, larger than the annual output of any mine in Australia, was liquidated on the Shanghai Futures Exchange and Shanghai Gold Exchange, according to a report from Goldman Sachs commodity sales expert Adam Gillard.

China was heading into a holiday for Labour Day which runs to May 5, potentially underlining the urgency of the unwind.

Saxo Bank's head of commodity strategy Ole Hansen said the Chinese market closure takes a key buyer out of the market and could present more short term risks for gold prices.

But don't think we're calling the top

Yet Hansen says the dynamics that have sent gold strongly higher this year remain in play.

"The broader uptrend in gold has been driven by a confluence of macroeconomic and geopolitical forces. Chief among them: a weakening US dollar, persistent central bank de-dollarisation, and mounting concerns over the ballooning US fiscal deficit," he said.

"Meanwhile, the US-China trade conflict, far from resolved, continues to cast a long shadow over global growth, reinforcing the role of gold as a strategic hedge against economic dislocation and policy missteps.

"While the short-term correction has been driven by improved market sentiment, the structural drivers underpinning gold's strength remain firmly in place.

"Disappointing economic prints this week from both the US and China underscore the fragile state of the global economy and reignite fears of a tariff-driven growth slump. These dynamics reinforce gold’s role in a diversified portfolio, particularly as inflation remains sticky and bond yields volatile."

Hansen says Saxo is in wait and see mode after gold briefly hit its US$3500/oz 2025 price target last month before the correction.

But it views the risk as "skewed toward even higher prices over time".

Driving that belief is the expectation of falling US interest rates this year, investment demand for paper gold, geopolitical risks, dedollarisation and central bank buying, and strong Asian demand.

Winners & 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%	-27%	14%	$ 8,678,940.02
NPM	Newpeak Metals	0.012	20%	-8%	0%	-33%	9%	$ 3,864,860.77
ASO	Aston Minerals Ltd	0.018	0%	0%	64%	50%	100%	$ 22,016,092.57
MTC	Metalstech Ltd	0.12	9%	9%	-33%	-53%	-14%	$ 19,753,948.30
GED	Golden Deeps	0.018	0%	-14%	-40%	-55%	-28%	$ 3,188,262.62
G88	Golden Mile Res Ltd	0.011	0%	22%	-35%	-8%	22%	$ 5,986,726.41
LAT	Latitude 66 Limited	0.056	2%	-13%	-49%	-72%	47%	$ 8,030,439.48
NMR	Native Mineral Res	0.18	16%	98%	463%	650%	362%	$ 163,417,812.87
AQX	Alice Queen Ltd	0.006	20%	50%	-25%	20%	-25%	$ 6,881,340.41
SLZ	Sultan Resources Ltd	0.007	-13%	0%	-30%	-36%	17%	$ 1,620,289.37
KSN	Kingston Resources	0.093	-2%	2%	-7%	35%	31%	$ 73,975,941.27
AMI	Aurelia Metals Ltd	0.285	-5%	10%	58%	50%	68%	$ 490,846,065.60
GIB	Gibb River Diamonds	0.037	-3%	9%	-14%	19%	-8%	$ 8,365,868.36
KCN	Kingsgate Consolid.	1.795	12%	18%	13%	15%	40%	$ 429,156,567.18
TMX	Terrain Minerals	0.003	0%	-14%	0%	-14%	0%	$ 6,010,669.80
BNR	Bulletin Res Ltd	0.068	6%	58%	55%	39%	74%	$ 19,965,705.96
NXM	Nexus Minerals Ltd	0.072	-10%	-15%	33%	3%	60%	$ 35,139,263.54
SKY	SKY Metals Ltd	0.05	16%	2%	-7%	52%	-7%	$ 35,535,158.30
LM8	Lunnonmetalslimited	0.215	-9%	-4%	-40%	-26%	-14%	$ 47,435,057.41
CST	Castile Resources	0.074	-4%	1%	-19%	-18%	-8%	$ 22,931,143.50
YRL	Yandal Resources	0.135	8%	-4%	-56%	13%	-23%	$ 44,839,072.39
FAU	First Au Ltd	0.0025	0%	25%	25%	25%	25%	$ 5,179,983.19
ARL	Ardea Resources Ltd	0.415	-2%	0%	5%	-39%	26%	$ 92,581,682.60
GWR	GWR Group Ltd	0.091	1%	1%	3%	-17%	14%	$ 30,095,418.92
IVR	Investigator Res Ltd	0.024	-8%	-4%	-48%	-50%	20%	$ 36,544,230.20
GTR	Gti Energy Ltd	0.003	0%	0%	-25%	-45%	-14%	$ 8,996,848.99
IPT	Impact Minerals	0.006	9%	9%	-49%	-67%	-36%	$ 22,215,979.58
BNZ	Benzmining	0.38	-8%	9%	46%	153%	10%	$ 60,970,355.52
MOH	Moho Resources	0.004	33%	0%	-20%	0%	-20%	$ 2,923,498.30
BCM	Brazilian Critical	0.009	0%	13%	0%	-63%	0%	$ 9,566,627.29
PUA	Peak Minerals Ltd	0.009	0%	-10%	86%	348%	16%	$ 25,265,891.61
MRZ	Mont Royal Resources	0.041	0%	0%	-18%	-20%	-5%	$ 3,486,221.51
SMS	Starmineralslimited	0.027	-7%	-4%	-47%	-22%	-25%	$ 3,946,972.98
MVL	Marvel Gold Limited	0.014	-7%	8%	27%	56%	56%	$ 15,116,337.31
PRX	Prodigy Gold NL	0.002	33%	0%	0%	-10%	0%	$ 6,350,111.10
AAU	Antilles Gold Ltd	0.0035	-13%	-13%	-13%	-71%	17%	$ 8,505,470.73
CWX	Carawine Resources	0.097	3%	-2%	2%	-3%	-3%	$ 22,668,043.10
RND	Rand Mining Ltd	1.89	1%	6%	-7%	20%	25%	$ 107,495,566.29
CAZ	Cazaly Resources	0.017	21%	6%	31%	0%	21%	$ 7,380,847.86
BMR	Ballymore Resources	0.125	9%	-4%	-19%	0%	4%	$ 22,091,323.13
DRE	Dreadnought Resources Ltd	0.013	-7%	-7%	-19%	-24%	8%	$ 67,821,635.90
ZNC	Zenith Minerals Ltd	0.045	-10%	-25%	-15%	-44%	13%	$ 18,334,863.99
REZ	Resourc & En Grp Ltd	0.022	-21%	-8%	-19%	83%	-4%	$ 14,104,421.56
LEX	Lefroy Exploration	0.075	-3%	-11%	0%	-38%	7%	$ 19,625,190.90
ERM	Emmerson Resources	0.14	-7%	-7%	204%	204%	82%	$ 88,986,643.06
AM7	Arcadia Minerals	0.017	-6%	-6%	-50%	-77%	-11%	$ 2,112,901.79
ADT	Adriatic Metals	3.955	-7%	-5%	-7%	-13%	1%	$ 1,258,428,695.76
AS1	Asara Resources Ltd	0.049	-2%	9%	145%	390%	158%	$ 51,755,358.86
CYL	Catalyst Metals	5.62	-14%	-5%	59%	528%	118%	$ 1,245,913,042.00
CHN	Chalice Mining Ltd	1.1175	3%	0%	-38%	-5%	1%	$ 422,094,064.98
KAL	Kalgoorliegoldmining	0.042	-7%	-30%	100%	24%	133%	$ 16,402,873.61
MLS	Metals Australia	0.019	-5%	-5%	-21%	-14%	-17%	$ 14,574,390.48
ADN	Andromeda Metals Ltd	0.021	133%	163%	200%	17%	200%	$ 85,718,192.23
MEI	Meteoric Resources	0.0935	-5%	46%	-7%	-57%	10%	$ 231,349,415.42
SRN	Surefire Rescs NL	0.003	-25%	0%	-40%	-70%	-14%	$ 7,248,923.44
WA8	Warriedarresourltd	0.098	23%	58%	75%	128%	123%	$ 80,378,088.76
HMX	Hammer Metals Ltd	0.028	12%	0%	-28%	-39%	-15%	$ 25,745,002.30
WCN	White Cliff Min Ltd	0.023	10%	44%	28%	64%	44%	$ 37,909,414.96
AVM	Advance Metals Ltd	0.0515	-10%	10%	12%	115%	51%	$ 11,985,950.70
ASR	Asra Minerals Ltd	0.002	0%	-33%	-50%	-71%	-33%	$ 5,412,093.66
ARI	Arika Resources	0.028	8%	33%	0%	40%	4%	$ 17,104,733.23
CTO	Citigold Corp Ltd	0.004	0%	0%	0%	-20%	0%	$ 12,000,000.00
SMI	Santana Minerals Ltd	0.535	-4%	-3%	-16%	41%	10%	$ 375,813,711.00
M2R	Miramar	0.003	-25%	0%	-50%	-68%	0%	$ 2,990,469.86
MHC	Manhattan Corp Ltd	0.016	-6%	-11%	-60%	-52%	-16%	$ 3,758,382.37
GRL	Godolphin Resources	0.0085	-6%	-15%	-55%	-71%	-41%	$ 4,039,859.81
SVG	Savannah Goldfields	0.024	9%	60%	31%	-2%	31%	$ 21,742,759.30
EMC	Everest Metals Corp	0.135	-10%	-13%	4%	39%	0%	$ 29,091,898.68
GUL	Gullewa Limited	0.091	7%	90%	30%	65%	63%	$ 20,058,039.82
CY5	Cygnus Metals Ltd	0.078	-15%	-26%	-42%	-5%	-22%	$ 68,812,065.35
G50	G50Corp Ltd	0.11	0%	-15%	-24%	-41%	-29%	$ 17,665,742.49
ADV	Ardiden Ltd	0.15	7%	11%	3%	-3%	11%	$ 8,752,450.84
AAR	Astral Resources NL	0.15	-9%	-14%	0%	146%	11%	$ 216,755,056.91
VMC	Venus Metals Cor Ltd	0.1	-5%	-13%	32%	19%	49%	$ 19,612,868.30
NAE	New Age Exploration	0.004	0%	0%	-33%	33%	14%	$ 10,637,595.64
VKA	Viking Mines Ltd	0.008	0%	0%	-20%	-27%	0%	$ 9,407,641.24
LCL	LCL Resources Ltd	0.008	14%	14%	-20%	-27%	-20%	$ 9,558,501.66
MTH	Mithril Silver Gold	0.35	3%	-8%	-29%	75%	-13%	$ 50,288,415.09
ADG	Adelong Gold Limited	0.006	0%	20%	20%	100%	33%	$ 8,384,917.19
RMX	Red Mount Min Ltd	0.008	14%	-6%	-20%	-47%	-11%	$ 3,719,662.37
PRS	Prospech Limited	0.028	0%	12%	0%	-36%	-3%	$ 9,207,124.84
TTM	Titan Minerals	0.39	-4%	-12%	-30%	34%	3%	$ 104,282,282.40
AKA	Aureka Limited	0.13	-7%	-16%	-99%	-99%	-4%	$ 13,828,710.96
AAM	Aumegametals	0.037	-5%	-18%	-34%	-49%	-12%	$ 21,748,069.51
KZR	Kalamazoo Resources	0.084	-3%	5%	-9%	-7%	14%	$ 16,960,874.88
BCN	Beacon Minerals	0.026	-4%	-7%	13%	-7%	18%	$ 114,112,676.93
MAU	Magnetic Resources	1.46	-3%	-4%	20%	39%	32%	$ 384,243,815.52
BC8	Black Cat Syndicate	0.94	-4%	-10%	69%	248%	66%	$ 651,817,112.31
EM2	Eagle Mountain	0.005	-17%	-17%	-87%	-91%	-44%	$ 5,675,186.45
EMR	Emerald Res NL	4.12	2%	12%	-1%	26%	27%	$ 2,662,236,792.90
BYH	Bryah Resources Ltd	0.004	-20%	0%	0%	-50%	33%	$ 3,479,814.09
HCH	Hot Chili Ltd	0.455	-5%	-15%	-46%	-64%	-35%	$ 69,734,228.54
WAF	West African Res Ltd	2.305	-5%	-1%	27%	81%	61%	$ 2,632,952,442.12
MEU	Marmota Limited	0.041	5%	0%	5%	-5%	5%	$ 49,488,843.18
NVA	Nova Minerals Ltd	0.34	-1%	21%	21%	17%	-8%	$ 106,589,147.61
SVL	Silver Mines Limited	0.1025	3%	-2%	-11%	-38%	31%	$ 177,977,539.20
PGD	Peregrine Gold	0.15	-6%	-21%	0%	-38%	7%	$ 12,515,041.80
ICL	Iceni Gold	0.057	-14%	-21%	24%	104%	-20%	$ 18,011,300.52
FG1	Flynngold	0.023	5%	-8%	-30%	-30%	-8%	$ 8,608,962.34
WWI	West Wits Mining Ltd	0.019	0%	12%	27%	19%	36%	$ 49,877,217.74
RML	Resolution Minerals	0.008	0%	-11%	-50%	-60%	-33%	$ 4,206,294.84
AAJ	Aruma Resources Ltd	0.009	-10%	-10%	-53%	-44%	-25%	$ 2,498,154.43
HWK	Hawk Resources.	0.019	0%	-17%	-46%	-57%	-14%	$ 5,147,659.53
GMN	Gold Mountain Ltd	0.002	0%	33%	0%	-43%	-33%	$ 9,591,959.88
MEG	Megado Minerals Ltd	0.011	0%	-27%	-32%	5%	-35%	$ 4,196,832.62
HMG	Hamelingoldlimited	0.0915	2%	10%	9%	22%	43%	$ 17,718,750.00
BM8	Battery Age Minerals	0.06	0%	-8%	-39%	-41%	-43%	$ 7,147,850.82
TBR	Tribune Res Ltd	5.16	1%	6%	6%	17%	20%	$ 270,735,277.32
FML	Focus Minerals Ltd	0.24	4%	14%	30%	55%	41%	$ 68,774,074.80
VRC	Volt Resources Ltd	0.005	25%	11%	25%	0%	67%	$ 18,739,111.93
ARV	Artemis Resources	0.007	-30%	-22%	-50%	-59%	-13%	$ 17,699,705.16
HRN	Horizon Gold Ltd	0.455	1%	5%	15%	75%	-5%	$ 65,902,164.97
CLA	Celsius Resource Ltd	0.006	-14%	0%	-40%	-45%	-45%	$ 20,352,998.40
QML	Qmines Limited	0.041	-5%	-5%	-42%	-33%	-24%	$ 17,585,018.33
RDN	Raiden Resources Ltd	0.005	0%	0%	-85%	-86%	-55%	$ 17,254,457.21
TCG	Turaco Gold Limited	0.42	-5%	5%	25%	121%	65%	$ 388,024,028.23
KCC	Kincora Copper	0.0315	-15%	31%	-19%	-19%	17%	$ 8,161,176.77
GBZ	GBM Rsources Ltd	0.009	0%	0%	13%	-18%	13%	$ 9,368,559.82
DTM	Dart Mining NL	0.005	11%	0%	-62%	-79%	-44%	$ 3,438,819.57
MKR	Manuka Resources.	0.035	0%	25%	-29%	-50%	25%	$ 30,809,171.42
AUC	Ausgold Limited	0.53	1%	-6%	-7%	96%	26%	$ 189,182,511.55
ANX	Anax Metals Ltd	0.005	0%	-38%	-58%	-81%	-58%	$ 4,414,037.84
EMU	EMU NL	0.021	-5%	-25%	-22%	27%	-22%	$ 4,065,629.59
SFM	Santa Fe Minerals	0.037	0%	-8%	23%	-24%	19%	$ 2,694,295.19
SSR	SSR Mining Inc.	0	-100%	-100%	-100%	-100%	-100%	$ 55,398,117.60
PNR	Pantoro Gold Limited	2.86	-6%	2%	35%	100%	87%	$ 1,089,918,466.00
CMM	Capricorn Metals	9.16	0%	13%	41%	93%	46%	$ 3,929,885,255.52
X64	Ten Sixty Four Ltd	0	-100%	-100%	-100%	-100%	-100%	$ 129,844,903.32
VRL	Verity Resources	0.016	33%	-9%	-18%	-73%	-18%	$ 2,949,448.98
HAW	Hawthorn Resources	0.047	-2%	-10%	-20%	-37%	15%	$ 15,745,733.81
BGD	Bartongoldholdings	0.47	-1%	27%	68%	65%	92%	$ 102,894,598.19
SVY	Stavely Minerals Ltd	0.013	8%	-24%	-55%	-55%	-24%	$ 6,528,505.12
AGC	AGC Ltd	0.145	4%	-24%	-34%	56%	-6%	$ 37,206,597.19
RGL	Riversgold	0.004	0%	0%	14%	-38%	0%	$ 6,734,850.37
TSO	Tesoro Gold Ltd	0.027	-13%	-13%	-7%	-31%	35%	$ 54,369,491.12
GUE	Global Uranium	0.066	18%	5%	-24%	-34%	10%	$ 28,308,775.82
CPM	Coopermetalslimited	0.04	0%	-9%	-17%	-65%	-13%	$ 3,134,226.00
MM8	Medallion Metals.	0.22	-8%	-20%	156%	307%	83%	$ 107,721,150.75
FFM	Firefly Metals Ltd	0.79	-3%	-13%	-40%	1%	-15%	$ 445,195,091.23
CBY	Canterbury Resources	0.021	0%	-9%	-30%	-60%	-5%	$ 4,251,258.82
SLA	Solara Minerals	0.13	13%	13%	-45%	-66%	44%	$ 7,538,026.99
SFR	Sandfire Resources	10.245	3%	-2%	-2%	11%	10%	$ 4,536,594,358.77
TAM	Tanami Gold NL	0.036	0%	29%	9%	-8%	20%	$ 41,128,396.61
NWM	Norwest Minerals	0.013	8%	52%	-11%	-61%	8%	$ 5,821,143.05
ALK	Alkane Resources Ltd	0.795	6%	15%	45%	35%	56%	$ 472,322,675.76
BMO	Bastion Minerals	0.003	0%	0%	-63%	-50%	-25%	$ 2,534,173.99
IDA	Indiana Resources	0.077	-1%	-1%	28%	77%	26%	$ 49,490,399.27
GSM	Golden State Mining	0.007	-22%	-13%	-33%	-42%	-13%	$ 1,955,594.41
NSM	Northstaw	0.04	-2%	3%	208%	22%	150%	$ 11,494,413.00
GSN	Great Southern	0.02	-5%	-9%	43%	0%	33%	$ 19,936,085.80
VAU	Vault Minerals Ltd	0.4275	-4%	-5%	11%	3%	30%	$ 2,925,063,554.26
DEG	De Grey Mining	2.46	0%	15%	66%	100%	39%	$ 5,915,063,112.00
THR	Thor Energy PLC	0.011	10%	-21%	-31%	-45%	-15%	$ 8,529,478.02
CDR	Codrus Minerals Ltd	0.03	50%	76%	50%	-29%	76%	$ 3,307,750.08
MDI	Middle Island Res	0.018	-5%	13%	0%	13%	50%	$ 4,959,641.43
WTM	Waratah Minerals Ltd	0.195	3%	15%	-35%	63%	26%	$ 39,595,562.37
POL	Polymetals Resources	0.83	-13%	-5%	13%	196%	4%	$ 211,704,125.45
RDS	Redstone Resources	0.006	20%	100%	100%	50%	140%	$ 5,552,270.76
NAG	Nagambie Resources	0.019	-17%	-5%	12%	58%	6%	$ 15,262,744.54
BGL	Bellevue Gold Ltd	0.9	0%	-21%	-43%	-48%	-20%	$ 1,291,785,343.63
GBR	Greatbould Resources	0.068	-13%	-12%	39%	15%	58%	$ 53,222,988.63
KAI	Kairos Minerals Ltd	0.019	-10%	-10%	12%	65%	58%	$ 52,618,243.78
KAU	Kaiser Reef	0.17	-3%	0%	-13%	26%	6%	$ 55,379,744.00
HRZ	Horizon	0.055	-10%	-11%	15%	57%	38%	$ 117,714,385.42
CDT	Castle Minerals	0.057	-2%	-5%	-37%	-68%	-5%	$ 6,496,535.92
RSG	Resolute Mining	0.4925	5%	8%	-38%	17%	25%	$ 1,064,525,006.50
MXR	Maximus Resources	0	-100%	-100%	-100%	-100%	-100%	$ 33,424,752.21
EVN	Evolution Mining Ltd	7.855	-2%	9%	53%	100%	63%	$ 15,478,385,928.68
CXU	Cauldron Energy Ltd	0.009	13%	-5%	-36%	-77%	-25%	$ 13,152,641.48
DLI	Delta Lithium	0.165	-3%	0%	-37%	-47%	-3%	$ 125,394,813.60
ALY	Alchemy Resource Ltd	0.0055	-8%	-8%	-21%	-8%	-21%	$ 6,479,419.41
NH3	Nh3Cleanenergyltd	0.026	4%	18%	4%	18%	44%	$ 15,244,329.20
OBM	Ora Banda Mining Ltd	1.02	-4%	-4%	10%	229%	57%	$ 1,930,470,271.78
AVW	Avira Resources Ltd	0.007	-13%	-13%	-65%	-65%	-65%	$ 1,281,789.10
LCY	Legacy Iron Ore	0.009	0%	-10%	-28%	-45%	-10%	$ 97,620,425.84
PDI	Predictive Disc Ltd	0.37	1%	-3%	37%	76%	61%	$ 956,424,359.52
MAT	Matsa Resources	0.062	-3%	7%	41%	94%	77%	$ 43,977,857.88
ZAG	Zuleika Gold Ltd	0.012	-8%	9%	-25%	-40%	-8%	$ 8,902,559.12
GML	Gateway Mining	0.03	-6%	36%	11%	58%	43%	$ 12,264,608.85
SBM	St Barbara Limited	0.3025	4%	21%	-34%	19%	34%	$ 324,853,902.30
SBR	Sabre Resources	0.007	-13%	0%	-42%	-56%	-30%	$ 2,761,233.53
STK	Strickland Metals	0.095	0%	-1%	27%	-10%	12%	$ 201,350,021.93
CEL	Challenger Gold Ltd	0.079	-4%	36%	39%	4%	68%	$ 135,019,174.48
GG8	Gorilla Gold Mines	0.46	-3%	2%	84%	1208%	77%	$ 279,025,381.85
NST	Northern Star	19.145	-8%	4%	9%	33%	24%	$ 21,787,690,388.80
OZM	Ozaurum Resources	0.096	-17%	9%	153%	81%	220%	$ 20,976,172.32
TG1	Techgen Metals Ltd	0.019	-14%	-37%	-37%	-42%	-46%	$ 3,014,648.49
XAM	Xanadu Mines Ltd	0.054	-7%	0%	-16%	-23%	10%	$ 108,995,260.69
AQI	Alicanto Min Ltd	0.03	0%	0%	-14%	42%	-19%	$ 25,444,289.28
KTA	Krakatoa Resources	0.01	0%	11%	0%	-9%	5%	$ 6,201,340.25
ARN	Aldoro Resources	0.34	-35%	-9%	286%	386%	-11%	$ 62,094,264.75
WGX	Westgold Resources.	2.685	-12%	-4%	-13%	24%	-5%	$ 2,612,413,841.30
MBK	Metal Bank Ltd	0.012	20%	-20%	-29%	-39%	-20%	$ 5,969,507.98
A8G	Australasian Metals	0.072	3%	-5%	-24%	-10%	-9%	$ 4,052,280.75
TAR	Taruga Minerals	0.012	20%	33%	9%	50%	20%	$ 7,060,267.85
DTR	Dateline Resources	0.026	247%	550%	550%	117%	643%	$ 24,890,117.58
GOR	Gold Road Res Ltd	2.97	-6%	2%	50%	86%	45%	$ 3,291,789,151.80
S2R	S2 Resources	0.098	-7%	10%	27%	-18%	46%	$ 44,380,083.31
NES	Nelson Resources.	0.003	0%	0%	50%	0%	0%	$ 6,515,782.98
TLM	Talisman Mining	0.165	6%	3%	-28%	-39%	-20%	$ 31,072,857.59
BEZ	Besragoldinc	0.045	-8%	13%	-44%	-53%	-50%	$ 19,112,491.75
PRU	Perseus Mining Ltd	3.355	1%	0%	19%	54%	31%	$ 4,601,447,953.51
SPQ	Superior Resources	0.004	-11%	-33%	-33%	-55%	-33%	$ 11,854,913.63
PUR	Pursuit Minerals	0.042	-2%	-9%	-72%	-83%	-56%	$ 4,288,560.41
RMS	Ramelius Resources	2.7	5%	13%	16%	38%	30%	$ 3,082,792,125.28
PKO	Peako Limited	0.003	0%	0%	0%	-22%	0%	$ 4,463,225.88
ICG	Inca Minerals Ltd	0.005	0%	-17%	0%	-29%	0%	$ 7,793,921.67
A1G	African Gold Ltd.	0.13	13%	30%	57%	377%	136%	$ 64,802,676.51
NMG	New Murchison Gold	0.016	-11%	0%	45%	191%	78%	$ 157,613,601.71
GNM	Great Northern	0.014	-7%	0%	8%	40%	0%	$ 2,164,807.08
KRM	Kingsrose Mining Ltd	0.033	3%	-6%	-13%	-11%	-6%	$ 24,866,375.13
BTR	Brightstar Resources	0.49	-4%	-2%	-15%	23%	-2%	$ 217,385,637.12
RRL	Regis Resources	4.4	-4%	12%	63%	111%	73%	$ 3,308,992,474.92
M24	Mamba Exploration	0.012	-8%	-8%	0%	-45%	0%	$ 3,541,987.32
TRM	Truscott Mining Corp	0.06	0%	-17%	-23%	-14%	-23%	$ 11,486,913.60
TNC	True North Copper	0.19	-21%	-32%	-94%	-98%	-94%	$ 23,909,413.04
MOM	Moab Minerals Ltd	0.0015	50%	0%	-63%	-70%	-25%	$ 2,600,499.05
KNB	Koonenberrygold	0.078	4%	90%	420%	457%	550%	$ 66,807,744.22
AWJ	Auric Mining	0.225	-15%	-17%	-39%	32%	-34%	$ 33,514,508.48
ENR	Encounter Resources	0.185	-8%	-18%	-48%	-52%	-43%	$ 92,276,579.02
SNG	Siren Gold	0.051	-9%	-7%	-32%	-18%	-22%	$ 11,824,412.89
STN	Saturn Metals	0.29	-11%	23%	4%	21%	41%	$ 112,191,170.16
USL	Unico Silver Limited	0.215	-9%	-17%	-30%	54%	10%	$ 94,157,907.33
PNM	Pacific Nickel Mines	0.024	0%	0%	0%	-17%	0%	$ 10,103,834.52
AYM	Australia United Min	0.002	0%	0%	-33%	-33%	-50%	$ 3,685,154.97
ANL	Amani Gold Ltd	0	-100%	-100%	-100%	-100%	-100%	$ 21,449,587.12
HAV	Havilah Resources	0.175	0%	-10%	-13%	-24%	-22%	$ 59,369,851.80
SPR	Spartan Resources	2.11	6%	11%	38%	267%	50%	$ 2,652,840,756.81
PNT	Panthermetalsltd	0.02	43%	25%	-31%	-27%	82%	$ 4,814,472.77
MEK	Meeka Metals Limited	0.1425	-5%	-11%	64%	345%	85%	$ 364,641,312.15
GMD	Genesis Minerals	3.845	-1%	3%	64%	129%	56%	$ 4,349,317,010.50
PGO	Pacgold	0.08	25%	13%	-11%	-50%	7%	$ 10,516,347.04
FEG	Far East Gold	0.16	14%	3%	-18%	19%	-11%	$ 55,054,117.95
MI6	Minerals260Limited	0.125	0%	-4%	-4%	-14%	-4%	$ 248,079,999.96
IGO	IGO Limited	3.9	7%	0%	-27%	-50%	-18%	$ 2,930,626,436.31
GAL	Galileo Mining Ltd	0.11	-4%	-8%	-20%	-62%	-12%	$ 21,738,741.97
RXL	Rox Resources	0.36	-1%	-4%	100%	106%	80%	$ 219,429,279.72
PTN	Patronus Resources	0.062	-9%	-13%	-9%	-6%	27%	$ 103,156,061.65
CLZ	Classic Min Ltd	0.001	0%	0%	0%	-86%	0%	$ 1,544,025.56
TGM	Theta Gold Mines Ltd	0.135	-4%	-4%	-23%	-10%	-25%	$ 123,120,007.64
FAL	Falconmetalsltd	0.11	5%	-4%	-33%	-19%	-4%	$ 19,470,000.00
SPD	Southernpalladium	0.225	-15%	-44%	-71%	-55%	-63%	$ 19,554,250.00
ORN	Orion Minerals Ltd	0.012	-8%	-23%	-29%	-37%	-20%	$ 89,055,821.63
TMB	Tambourahmetals	0.023	-12%	-21%	-23%	-65%	10%	$ 3,057,341.20
TMS	Tennant Minerals Ltd	0.006	-20%	-50%	-57%	-74%	-33%	$ 5,735,342.49
AZY	Antipa Minerals Ltd	0.485	-11%	0%	94%	322%	87%	$ 275,721,850.08
PXX	Polarx Limited	0.008	7%	33%	0%	-38%	23%	$ 19,004,007.82
TRE	Toubani Res Ltd	0.27	2%	0%	-8%	116%	59%	$ 66,398,388.11
AUN	Aurumin	0.064	5%	5%	-2%	49%	-3%	$ 30,644,128.93
GPR	Geopacific Resources	0.022	-8%	0%	-29%	-9%	10%	$ 70,014,237.17
FXG	Felix Gold Limited	0.17	-8%	13%	87%	115%	102%	$ 55,914,085.62
ILT	Iltani Resources Lim	0.2625	5%	12%	22%	38%	28%	$ 11,757,426.19
BRX	Belararoxlimited	0.086	-36%	-64%	-63%	-58%	-51%	$ 14,087,011.86
TM1	Terra Metals Limited	0.022	-24%	22%	-49%	-57%	-21%	$ 10,598,511.61
TOR	Torque Met	0.095	0%	-3%	46%	-30%	79%	$ 25,618,072.97
ARD	Argent Minerals	0.021	-13%	-19%	-25%	31%	24%	$ 30,358,450.08
LM1	Leeuwin Metals Ltd	0.16	-16%	28%	119%	113%	14%	$ 15,624,989.52
SX2	Southgold Consol	5.195	-9%	7%	0%	0%	0%	$ 633,676,909.68

Dateline Resources (ASX:DTR)

Owner of the 1.1Moz Colosseum gold project in California, Dateline surged a quite outrageous 155% in one day on Friday after Donald Trump reportedly posted about it in his weekly update on Truth Social, saying:

"The Colosseum Mine, America’s second rare earths mine, has been approved after years of stalled permitting.”

This is all interesting since the rare earths prospects of the mine largely involve it being located 10km away from an in similar rocks to the Mountain Pass mine also in Cali, the only operating rare earths mine in the country.

Dateline, which is preparing an Over the Counter listing in the US, says REEs are now formally incorporated into its exploration fieldwork.

The actual resource at Colosseum, where Dateline's mining rights were confirmed by the Department of the Interior's Bureau of Land Management in early April, is a JORC-compliant 27.1Mt at 1.26g/t Au for 1.1Moz.

67% of that is in the measured and indicated resource base. A BFS is underway, though a 2024 scoping study outlined a more than eight year mine life producing ~75,000ozpa with a pre-tax NPV pf US$235 million and IRR of 31% at US$2200/oz gold prices.

Clearly we're well beyond those price points these days.

Colosseum was previously owned by LAC Minerals and Barrick Gold, producing 344,000oz between 1989 and 1993.

Codrus Minerals (ASX:CDR)

Staying in the United States and Codrus rose after receiving the drilling permit for 14,000m to be sunk into the Bull Run gold project in Oregon.

Mined on and off since 1929, the project boasts past intercepts including 20.5m at 3.53g/t Au and 6.9m at 9.31g/t (contained within a section of that historic hit.

Those came from 1983, when Manville Exploration briefly attempted to revive the Record gold mine that generate 5000oz of gold between 1933 and 1937.

Bull Run is in an attractive postcode, with the 450,000oz producer Cracker Creek within 100km, and the 1Moz gold, 3Moz silver resource at Grassy Mountain also nearby.

"We are thrilled to have received permit approval for drilling at the Bull Run Gold Project," Greg Bandy, the exec chair of the Blackstone Minerals spinout, said.

"This project has been a high priority since identified by Blackstone Minerals some years ago and they remain a very supportive shareholder with leverage to this highly prospective project.

"With gold prices at historically high levels, we are confident that the upcoming drilling campaign will unlock the full potential of the project and deliver substantial value for our shareholders."

Originally published as Gold Digger: Turns out China can screw with gold prices as well