Three Gold Stocks Shining On ASX Today – SAR, RSG and SBM

  • Apr 29, 2019 AEST
  • Team Kalkine
Three Gold Stocks Shining On ASX Today – SAR, RSG and SBM

The following gold stocks may catch the investor’s attention as they witnessed a rise today.

Saracen Mineral Holdings

Saracen Mineral Holdings (ASX: SAR) is an emerging gold miner based in Australia, deals in gold production and exploration. The annual output of the company is over 300,000ozpa. The company was officially listed on the ASX on 20th July 1989. Mr Raleigh Finlayson is the current Managing Director of the firm.

Saracen’s stock closed at a market price of A$2.780 on 29th April 2019, a rise of 2.963% as compared to the last traded market price of A$2.700. The market capitalisation of the company stands at A$2.21 billion with its 52-week high and low value being A$3.470 and A$1.720. 6,213,182 number of shares were in trade today with approximately 820.27 million shares currently outstanding.

The company recently entered into a sale and purchase agreement with Hawthorn Resources Limited over the sale of Hawthorn’s interests in Box Well and Deep South mining leases. Recently, Saracen announced its March quarter 2019 report, in which the group reported record production of 89,208 ounces. The company’s cash and cash equivalents were recorded at A$153.3 million at 31st March 2019.

Resolute Mining Limited

Resolute Mining Limited (ASX: RSG) an explorer, developer and operator of gold mines has over 30 years of production experience in Australia and Africa. It has operated nine gold mines, producing more than 8Moz of gold. RSG aims for more than 500,000oz of annual gold production from a Global Mineral Resource base (consisting of 16.6Moz of gold).

The company’s stock closed at A$1.190 on 29th April 2019, up by 2.146% compared to the last traded market price of A$1.165 on 26th April 2019. The YTD and the six months stock performance of the company stands at 1.75% and 10.95%, respectively. 4,045,120 number of shares were currently in trade today with approximately 758.09 million shares presently outstanding.

Resolute announced an updated mineral resource of 6.3 million tonnes at 5.1g/t Au for 1.03Moz of gold for Tabakoroni. The resource includes a maiden underground mineral resource of 5.2 million tonnes for 850,000oz of gold. Recently, the company entered into a new Mining Convention with the Republic of Mali Government for the Syama Gold Mine. Resolute released its 2018 annual report on 16th April 2019. The company reported a revenue of $223 million, gross profit of $24 million from operations and gold production of 129,199oz during the period.

St Barbara Limited

St Barbara Limited (ASX: SBM) is a gold producer and explorer, located in St Kilda Road, Melbourne, Australia. The two vital operating segments of the company are Leonora and Simberi. The company was officially listed on ASX on 15th May 1969. Mr Bob Vassie is the current Managing Director and CEO of the company.

The stock of the company was closed at A$3.250 on 29th April 2019, showing an increase of 0.932% as compared to the last traded market price of A$3.220. The company has reported a negative YTD of 30.9% and a negative return of 25.98% during the six-month period. The company’s market capitalisation was recorded at A$1.69 billion. 3,564,852 number of shares were in trade today.

St Barbara released its quarterly report for Q3 March quarterly FY19 on 18th April 2019. The company reported 88 koz of A$1,098/oz at All-In Sustaining Cost (AISC) and the operational cash contribution of $71 million during the quarter. The firm also signed an agreement with Element 25 Limited for the sale of the Green Dam Project. The agreement was signed for the sale of Exploration Licences 28/2327 & 28/2313.


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