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.

In exceptional market conditions, Rio Tinto achieves record financial results and declares total interim dividend of 561 US cents per share, 75% of underlying earnings

Rio Tinto Chief Executive Jakob Stausholm said “Government stimulus in response to ongoing COVID-19 pressures has driven strong demand for our products at a time of constrained supply resulting in a significant spike in most prices. We focused on safely running our world-class assets and supplying products to our customers. This enabled us, despite operational challenges, to deliver record financial results with free cash flow of $10.2 billion and underlying earnings of $12.2 billion, after taxes and government royalties of $7.3 billion. We are further strengthening the portfolio with our commitment to fund the high-quality Jadar lithium project, which signals our large-scale entry into the fast-growing battery materials market. We will pay an interim dividend of 561 US cents per share, representing 75% of underlying earnings.

“We are making progress on our four priorities, identifying opportunities for operational improvement, advancing our ESG agenda, taking important investment decisions and stepping up our external engagement. We are making real and lasting changes to the way we engage, interact and operate and are committed to ensuring that we have strong and positive relationships wherever we do business. We have identified what we need to do to make Rio Tinto a better company for the long term, with the right teams in place to unleash our full potential.”

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As the Bonus Options will be issued for nil consideration, Lake is raising no capital from their issue. For every ten (10) shares held at 5:00 pm (Sydney time) on the Record Date, Eligible Shareholders will be issued with one (1) free Bonus Option.

The Bonus Options will have an exercise price $0.35 each, expiring on 15 October 2021 and, if exercised, each will result in the allotment and issue of one (1) fully paid ordinary share in Lake. Lake will not seek listing of the Bonus Options on ASX.

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Based in Buenos Aires, Sra. Amalia’s appointment will assist Lake and its local team in Argentina in engaging with local stakeholders and preparing for the development of clean lithium production in Argentina.

Sra. Saenz is a partner at the law firm, Zang, Bergel & Viaes in Buenos Aires, where she leads the firm’s energy and natural resources practice.

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Classic Minerals Limited Quarterly Activities Report

Perth, Australia (ABN Newswire) – Classic Minerals Limited (ASX:CLZ) has made significant progress at Kat Gap during the quarter as it strives to become a gold producer.

Highlights of the quarter include:

– Assay results returned for infill RC drilling testing the gap between oxide and deeper fresh rock high-grade gold mineralisation at Kat Gap.

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Australia Mining Update: H1 2021 in Review

Click here to read the previous Australia mining update.

After an uncertain 2020 for the Australian mining industry, the resource market showed signs of a sharp recovery in the first six months of the new year.

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In exceptional market conditions, Rio Tinto achieves record financial results and declares total interim dividend of 561 US cents per share, 75% of underlying earnings

Rio Tinto Chief Executive Jakob Stausholm said “Government stimulus in response to ongoing COVID-19 pressures has driven strong demand for our products at a time of constrained supply resulting in a significant spike in most prices. We focused on safely running our world-class assets and supplying products to our customers. This enabled us, despite operational challenges, to deliver record financial results with free cash flow of $10.2 billion and underlying earnings of $12.2 billion, after taxes and government royalties of $7.3 billion. We are further strengthening the portfolio with our commitment to fund the high-quality Jadar lithium project, which signals our large-scale entry into the fast-growing battery materials market. We will pay an interim dividend of 561 US cents per share, representing 75% of underlying earnings.

“We are making progress on our four priorities, identifying opportunities for operational improvement, advancing our ESG agenda, taking important investment decisions and stepping up our external engagement. We are making real and lasting changes to the way we engage, interact and operate and are committed to ensuring that we have strong and positive relationships wherever we do business. We have identified what we need to do to make Rio Tinto a better company for the long term, with the right teams in place to unleash our full potential.”

Keep reading... Show less

Lake Resources NL Bonus Issue to Shareholders

Sydney, Australia (ABN Newswire) – Clean lithium developer Lake Resources NL (ASX:LKE) (FRA:LK1) (OTCMKTS:LLKKF), in recognition of the support received from its shareholders, wishes to advise that it intends to undertake a bonus issue of options (Bonus Options) to all shareholders with an address in Australia or New Zealand (Eligible Shareholders) at 5:00 pm (Sydney time) on the Record Date (set out in the indicative timetable set out below*).

As the Bonus Options will be issued for nil consideration, Lake is raising no capital from their issue. For every ten (10) shares held at 5:00 pm (Sydney time) on the Record Date, Eligible Shareholders will be issued with one (1) free Bonus Option.

The Bonus Options will have an exercise price $0.35 each, expiring on 15 October 2021 and, if exercised, each will result in the allotment and issue of one (1) fully paid ordinary share in Lake. Lake will not seek listing of the Bonus Options on ASX.

Keep reading... Show less

Lake Resources NL Argentina based Director Strengthens Board

Sydney, Australia (ABN Newswire) – Clean lithium developer Lake Resources NL (ASX:LKE) (FRA:LK1) (OTCMKTS:LLKKF) has strengthened its Board, announcing today the appointment of experienced energy/natural resources lawyer, Sra. Amalia Saenz as a Non-Executive Director.

Based in Buenos Aires, Sra. Amalia’s appointment will assist Lake and its local team in Argentina in engaging with local stakeholders and preparing for the development of clean lithium production in Argentina.

Sra. Saenz is a partner at the law firm, Zang, Bergel & Viaes in Buenos Aires, where she leads the firm’s energy and natural resources practice.

Keep reading... Show less

Classic Minerals Limited Quarterly Activities Report

Perth, Australia (ABN Newswire) – Classic Minerals Limited (ASX:CLZ) has made significant progress at Kat Gap during the quarter as it strives to become a gold producer.

Highlights of the quarter include:

– Assay results returned for infill RC drilling testing the gap between oxide and deeper fresh rock high-grade gold mineralisation at Kat Gap.

Keep reading... Show less

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