6 Gold Stocks on ASX - MML, AGS, AMI, EVN, RRL and RND

August 21, 2018 12:14 AM AEST | By Team Kalkine Media
 6 Gold Stocks on ASX - MML, AGS, AMI, EVN, RRL and RND

Medusa Mining Ltd (ASX:MML) is a metals and mining company, which is into mining exploration and production. At an AISC of the US $1,083 per ounce, total gold production stands at 95,705 ounces which was above the improved guidance of 85,000 to 90,000 ounces and in line with AISC guidance of the range the US $1,000 to US $1,150 per ounce. Medusa was trading at a market price of $0.400 and has seen a daily price change of $0.010 or a percentage change of 2.564% as at Aug 20, 2018. Over the past 12 months, the stock has seen a performance change of 34.48%.

Alliance Resources Ltd (ASX:AGS) is under metals and mining sector. As on June 30, 2018, the company has cash reserves of $5.3 million. The group updated that the high-resolution magnetic survey commences at Wilcherry Project targeting gold potential. A survey using a flight line spacing of 100m for a total of 18,946-line kilometres is planned. Alliance was trading at a market price of $0.098 and has seen a daily price change of $0.001 or a percentage change of 1.031% as at Aug 20, 2018. Over the past 12 months, the stock has seen a performance change of 18.29%.

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Aurelia Minerals Ltd (ASX:AMI) is another metals and mining company, and it focuses on base metal and gold mining and exploration in NSW, Australia. With all debt repaid and a net cash position of $67 million, the company has reported strong cash flow. On 10 April 2018, it completed Acquisition of Peak Gold Mines and the purchase was repaid in three months. Aurelia Minerals was trading at a market price of $0.585 and has seen a daily price change of -$0.015 or a percentage change of -2.5% as at Aug 20, 2018. Over the past 12 months, the stock has seen a performance change of 192.68%.

Evolution Mining Ltd (ASX:EVN) has witnessed a stock price fall of about 12.46% in last one month as EVN guided for FY19 gold production of 720,000 to 770,000 ounces at an All-in sustaining cost of A$850 to A$900 per ounce of gold while its FY18 production was at 801,187 ounces of gold at an AISC of A$797 per ounce. Evolution traded at a market price of $2.810 and has seen a daily price change of $0.070 or a percentage change of 2.555% as at Aug 20, 2018. Over the past 12 months, the stock has seen a performance change of 15.13% under the metals and mining sector.

Regis Resources Ltd (ASX:RRL) has reported that its Q4 gold production is at 92,008 ounces, up by 8% on Q3; while FY18 production is 361,373 oz which is at the top end of guidance. Throughput, grade & recovery are all in line or up on Q3. Q4 stripping ratio has been up from 4.6 to 7.0, and pre-strip of high grade Tooheys Well pit is continuing with Dogbolter and Anchor already commenced, with waste mining at Moolart Well for TSF lifting materials. Regis traded at a market price of $4.060 and has seen a daily price change of $0.090 or a percentage change of 2.267% as at Aug 20, 2018. Over the past 12 months, the stock has seen a performance change of 1.28%.

Rand Mining Ltd (ASX:RND) is into the development of gold interests and mineral exploration in Kalgoorlie. 244,417 tons of EKJV ore was processed at the Kanowna Plant, during the June 2018 quarter. 4,294 oz of silver and 25,902 oz of gold were credited to Rand and Tribune Bullion Accounts. Rand traded at a market price of $2.500 and has seen a daily price change of $0.390 or a percentage change of 18.483% as at Aug 20, 2018. Over the past 12 months, the stock has seen a performance change of -30.82%.

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