Best Gold Stocks on the ASX

Gold hit a record high in 2020, which has been a boon for gold companies even as 2021 begins. Here are the top-performing gold stocks on the ASX so far this year.

Click here to read the previous best ASX gold stocks article.

2020 was a record-breaking year for gold, which surged above US$2,060 per ounce in August.

However, the yellow metal faced some downward pressure in the first quarter of 2021, falling below US$1,750 in March. The major forces acting against gold in Q1 of this year included rising US 10 year Treasury yields and the growing value of the US dollar.

However, there is still plenty of investor interest in the metal due to continued global economic uncertainty related to the COVID-19 pandemic. Supply is also a growing concern due to decreased gold exploration efforts over the last few years, especially among larger companies.


Here the Investing News Network looks at the best ASX gold stocks of 2021 by year-to-date share price performance. The best ASX gold stocks list below was generated on April 26, 2021, using TradingView’s stock screener, and all gold stocks listed had market caps above AU$50 million at that time.

1. Hammer Metals (ASX:HMX)

Year-to-date gain: 243.75 percent; current share price: AU$0.11

Resource exploration company Hammer Metals is targeting large copper-gold discoveries. Hammer’s project portfolio includes a tenement position covering approximately 2,000 square kilometres within the Mount Isa mining district in Queensland. The company has 100 percent interests in the Kalman copper-gold-molybdenum-rhenium deposit, the Overlander North and Overlander South copper-cobalt deposits and the Elaine copper-gold deposit; it also has a 51 stake in the Jubilee copper-gold deposit.

Aside from that, Hammer holds a 100 percent interest in the Bronzewing South gold project in the Yandal belt of Western Australia, located adjacent to the 2.3 million ounce Bronzewing gold deposit.

2. Chalice Mining (ASX:CHN)

Year-to-date gain: 74.36 percent; current share price: AU$6.80

Chalice Mining owns district-scale precious and base metals projects in Australia, including the Pyramid Hill gold project in Victoria and the Hawkstone nickel-copper-cobalt project in Western Australia.

In March 2020, Chalice made a significant discovery at its Julimar project in Western Australia. The exploration team got lucky with the first drill hole, returning 19 metres at 2.59 percent nickel, 1.04 percent copper, 8.37 grams per tonne palladium and 1.11 grams per tonne platinum from 48 metres.

Speaking about 2020’s “amazing stories,” Paola Rojas of Synergy Resource Capital described Chalice as a frontrunner with its “world-class discovery” at Julimar.

3. Rex Minerals (ASX:RXM)

Year-to-date gain: 73.53 percent; current share price: AU$0.30

Rex Minerals’ assets include copper and gold plays in both Australia and the US. The company’s flagship property is the Hillside project, situated on the Yorke Peninsula of South Australia. Hillside is planned as an open-pit mine with a concentrator. The mine life is estimated at 13 years with the potential to produce 468,000 tonnes of copper and 339,000 ounces of gold in concentrate.

Rex Minerals’ Hog Ranch project is in gold-rich Nevada and has the potential for small and large low-grade surface gold projects, as well as high-grade underground epithermal gold deposits. In April of this year, the company began a reverse-circulation drilling program at Hog Ranch designed to test hitherto undrilled exploration targets and also to extend known mineralisation that remains open.

4. De Grey Mining (ASX:DEG)

Year-to-date gain: 57.14 percent; current share price: AU$1.59

De Grey Mining’s flagship asset is its 1,200 square kilometre Mallina gold project in the Pilbara region of Western Australia. At Mallina, the company has made a large-scale, near-surface discovery called Hemi.

Outside Hemi, De Grey has outlined a 2.2 million ounce mineral resource estimate within its broader land package. Hemi is an intrusion-hosted form of gold mineralization that has not been found before in the Pilbara region. De Grey is working toward delivering an initial resource for Hemi in 2021.

5. Predictive Discovery (ASX:PDI)

Year-to-date gain: 55.74 percent; current share price: AU$0.10

Predictive Discovery is focused on exploration in West Africa’s gold-rich Birmian greenstone belt. It has a portfolio of wholly owned and joint venture projects in Burkina Faso, Cote D’Ivoire and Guinea.

In April of this year, Predictive Discovery released positive results from an ongoing resource definition drilling program at its Bankan gold project, located in Guinea’s underexplored Siguiri Basin. This region also hosts AngloGold Ashanti’s (NYSE:AU) Siguiri mine. Predictive Discovery is working to define a mineral resource estimate at Bankan by mid-2021.

Don’t forget to follow us @INN_Australia for real-time updates!

Securities Disclosure: I, Melissa Pistilli, currently hold no direct investment interest in any company mentioned in this article.

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Gold isn't all that glitters in the land down under — silver in Australia is a major industry, and the country is home to both large and small players.

When it comes to precious metals, Australia has long punched above its weight — the nation was born riding the wave of a gold rush.

Gold isn't all that glitters through — Australia is also a major global producer of silver. It's among the 10 top producers, and was ranked seventh in 2020, with 1,300 tonnes coming from the many operational mines in the country. By comparison, the world's top producer, Mexico, produced 6,300 tonnes that same year.

Other key players in the silver market are Peru, China and Russia, which produce more silver than Australia, and the US, Argentina and Bolivia, which produce less.


Australia is sitting on quite a lot of the precious metal, with the world's second largest reserves, behind only Peru.

According to Geoscience Australia, one of the country's first mines was a silver-lead mine near Adelaide. Since then, the entire continent has been combed over with a fine-toothed comb, with deposits identified in every state and territory and active mines in every jurisdiction but one (Victoria).

Overall, Australia is well explored when it comes to silver, and since the mid-1800s it's had a constant stream of silver production. Aside from that, the country boasts metals-processing facilities in South Australia that separate the precious metal from its commonly mined counterpart metals, lead and zinc.

Silver companies in Australia

Those looking at the Australian silver market have options. There are plenty of big players with interests in Australian silver, and many smaller players for investors to consider researching too.

Most silver comes from mines dedicated to other metals — Glencore's (LSE:GLEN,OTC Pink:GLCNF) Mount Isa in Queensland produces mainly copper, zinc and lead, but silver is separated by the company's integrated processing streams. Glencore also operates the McArthur mine in the Northern Territory, which is primarily zinc, but between its copper and zinc assets, Glencore produced 7,404,000 ounces of silver in Australia in 2020 — over 200 tonnes.

Elsewhere, BHP (ASX:BHP,NYSE:BHP,LSE:BLT) produces a lot of silver as well at the Olympic Dam operation in South Australia. Perhaps best known for the production of uranium and copper, it also yields significant silver resources to the tune of 984,000 ounces in 2020 (or almost 28 tonnes).

According to Geoscience Australia data from 2016, over 20 mines in Australia produced silver in that year, while there are dozens of other resources identified in each state.

A primary producer of silver is the Cannington mine in Queensland, where South32 (ASX:S32,OTC Pink:SHTLF), a company that was spun off from BHP in 2015, mines silver and lead. Cannington is a big one, producing 11,792,000 ounces in 2020, or 334 tonnes of silver.

Tasmania boasts the Rosebery mine, which has seen 85 years of continuous operations and is currently owned by MMG (ASX:MMG,HKEX:1208). Rosebery, like all the others here, is polymetallic, and besides silver also produces copper, zinc, lead and gold. MMG also has the Dugald River mine in Queensland which also produced silver.

Getting into smaller companies, there are those like New Century Resources (ASX:NCZ) which restarted the Century mine in the Northern Territory for zinc and silver.

The future of silver in Australia

So, you get the picture — there's a lot of silver to be mined in Australia by way of mining everything else.

It's worth noting that because silver operates both as a precious and an industrial metal, and is mined most often alongside base metals, it can be pulled in many directions. However, it traditionally follows (and lags behind) its precious metal sibling, gold, making it a valuable investment commodity to keep an eye on.

Looking forward, the future of the commodity in the land down under — especially given Australia's significant reserves and operator diversity — is as bright as you'd like it, and depends on what investors are most interested in, given the by-product nature of the metal.

Don't forget to follow us @INN_Australia for real-time updates!

Securities Disclosure: I, Scott Tibballs, hold no direct investment interest in any company mentioned in this article.

Australia took a stand against Facebook and Google earlier this year, and the move could have long-term implications for tech investors.

It was a ban that sent Australians wild and had the whole world watching.

Back in February, Facebook (NASDAQ:FB) stopped users in Australia from posting news in a week-long blackout, reacting to proposed legislation that would have forced the social media behemoth to pay publishers for content.

What prompted Facebook to "friend" Australia again, and what are the potential long-term implications of the squabble? Read on to learn what tech-focused investors in Australia should know about the situation.


Australia squares off against Facebook

On February 25 of this year, Australia's federal government passed the News Media and Digital Platforms Mandatory Bargaining Code. It was developed after extensive analysis by the Australian Competition and Consumer Commission, and is aimed at ensuring that news media businesses are fairly remunerated for their content.

It stipulates that digital platforms such as Facebook and Google (both named in the documentation) must pay news outlets whose content they feature — for example, if content is shared on Facebook or shows up in Google search results. The idea is that this will help to sustain journalism in Australia.

Unsurprisingly, Facebook and Google didn't react well to the code, which was first introduced in 2020.

Google didn't make any moves after it passed, but Facebook quickly made it impossible for Australian users to share news content, and pages for both local and international news organisations went blank — a major concern given the COVID-19 and wildfire concerns that were circulating at the time.

Australian Prime Minister Scott Morrison was scathing about Facebook's decision — which he ironically shared in a Facebook post — declaring the tech giant's actions "as arrogant as they were disappointing." He added, "These actions will only confirm the concerns that an increasing number of countries are expressing about the behaviour of BigTech companies who think they are bigger than governments and that the rules should not apply to them."

Despite strong feelings from both Australia and Facebook, the dispute was resolved fairly quickly, with the country agreeing to make four amendments to the legislation and Facebook restoring Australian's access to news.

Implications for Big Tech and news organisations

Both Australia and Facebook have claimed victory in the dispute, with a Facebook representative saying the company will be able to decide if news appears on the platform — meaning it won't automatically have to negotiate with any news businesses. Changes were also made to the arbitration process.

Tech experts have pointed out that larger news companies may ultimately benefit from the changes, but smaller ones could be pushed to the side. Major publishers that have struck agreements with tech giants, such as News Corp, Nine Entertainment (ASX:NEC,OTC Pink:NNMTF), Seven West Media (ASX:SWM) and Guardian Australia, may be able to increase their market share while smaller independent players lose out.

A business that is in full support of the laws is Microsoft (NASDAQ:MSFT). During the conflict, President Brad Smith came out loudly in favour of Australia's law, and advised that his company is willing to step up with search engine Bing should Google and/or Facebook pull out of the Australian market.

"In Australia, Prime Minister Scott Morrison has pushed forward with legislation two years in the making to redress the competitive imbalance between the tech sector and an independent press. The ideas are straightforward. Dominant tech properties like Facebook and Google will need to invest in transparency, including by explaining how they display news content," he said in a blog post.

"The United States should not object to a creative Australian proposal that strengthens democracy by requiring tech companies to support a free press. It should copy it instead."

Global reach and tech investor impact

Six months down the road from Australia's landmark legislation, it's tough to say what the long-term impact may be.

That said, market watchers do believe the country is part of a new precedent of forcing Big Tech into paying for journalism — something giants Facebook and Google are not used to.

Countries looking to pursue similar legislation include Canada, where Facebook agreed in May to pay 14 publishers to link to their articles on its COVID-19 and climate science pages, as well as other unspecified use cases. Canada is pursuing other avenues too. Meanwhile, in France, Google said it will pay publishers for news content after the country took up new EU copyright laws that make digital platforms liable for infringements.

For investors, the takeaway is perhaps that while companies like Facebook and Google may seem too big too fail, they too can fall subject to new regulations that can change how they do business. As nations around the world look to take back control from these mega companies, it's important to be aware of possible effects on their bottom lines.

Don't forget to follow @INN_Australia for real-time updates!

Securities Disclosure: I, Ronelle Richards, hold no direct investment interest in any company mentioned in this article.

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