Gold hit a record high in 2020, which was good news for gold companies. Here are the top-performing gold stocks on the ASX for 2020.
Click here to read the previous best ASX gold stocks article.
2020 was a record-breaking year for gold, with the precious metal surging above US$2,060 per ounce in August and staying above US$1,850 for the remainder of the year.
Interest in the metal was fuelled by global economic uncertainty related to social and economic instability brought on by the COVID-19 pandemic. Added to that was the seemingly endless US-China trade war, as well as decreased exploration efforts on the part of gold miners over the last few years.
Here, the Investing News Network takes a look at the best ASX gold stocks of 2020 by share price performance. The top ASX gold stocks list below was generated on January 20, 2021, using TradingView’s stock screener, and all gold stocks listed had market caps above AU$50 million at that time.
1. De Grey Mining (ASX:DEG)
Year-to-date gain: 1,677.78 percent; current share price: AU$0.96
De Grey Mining’s flagship 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.
2. Auteco Minerals (ASX:AUT)
Year-to-date gain: 1,177.78 percent; current share price: AU$0.12
Auteco Minerals’ Pickle Crow gold project is located in Ontario, Canada, and is one of the country’s highest-grade historical gold mines. Pickle Crow has a JORC-compliant inferred resource of 1 million ounces at 11.3 grams per tonne (g/t) gold. Other high-value gold projects in the same region as Pickle Crow include Evolution Mining’s (ASX:EVN,OTC Pink:CAHPF) Red Lake high-grade gold camp and Newmont’s (TSX:NGT,NYSE:NEM) Musselwhite deposit.
Auteco also has a joint venture with Mithril Resources (ASX:MTH) on the Limestone Well vanadium-titanium project in Western Australia.
3. West Wits Mining (ASX:WWI)
Year-to-date gain: 750 percent; current share price: AU$0.07
West Wits Mining has projects in two of the world’s most prolific gold regions: the Witwatersrand in South Africa and the Pilbara in Australia.
The company’s flagship South Africa-based West Wits project hosts a JORC-compliant resource of 4.37 million ounces of gold at 3.88 g/t. The company is looking to mid-2021 for first production. West Wits’ Mount Cecelia project in Western Australia lies 70 kilometres west of Rio Tinto’s (ASX:RIO,NYSE:RIO,LSE:RIO) WINU copper-gold-silver discovery. A helicopter electromagnetic survey on Mount Cecelia completed in 2020 has identified eight target areas for further exploration.
4. Artemis Resources (ASX:ARV)
Year-to-date gain: 419.23 percent; current share price: AU$0.14
Artemis Resources has two projects in Western Australia’s Pilbara region: the Greater Carlow Castle gold-copper-cobalt project in the West Pilbara region, and the Paterson Central gold-copper project in the East Pilbara area. The Paterson Central project is located adjacent to Greatland Gold (LSE:GGP) and Newcrest Mining’s (ASX:NCM,TSX:NCM) recent gold-copper discovery at Havieron.
Artemis also owns Radio Hill, the only processing plant in the region.
5. Si6 Metals (ASX:S16)
Year-to-date gain: 360 percent; current share price: AU$0.02
Si6 Metals has operations in the Southern African nation of Botswana and in Western Australia. The company’s main project is Maibele in Botswana, where it is targeting nickel, copper, cobalt, platinum-group metals and silver mineralization.
Aside from that, Si6 recently entered an option to acquire a 100 percent interest in the 310 square kilometre Monument gold project in Western Australia. Monument is in the well-established Laverton gold district, which features excellent infrastructure, including road access, a gas pipeline and a sealed airstrip. The project hosts an initial JORC-compliant inferred mineral resource estimate of 0.86 million tonnes at 1.8 g/t gold for 50,000 ounces gold.
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Securities Disclosure: I, Melissa Pistilli, currently hold no direct investment interest in any company mentioned in this article.