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Highlights
- The S&P/ASX 300 Metals & Mining Index closed 2.02% lower in its last session.
- S&P/ASX All Ordinaries Gold Index was also 1.95% down.
- Gold stocks like Newcrest Mining, Evolution Mining and Preseus Mining did not perform well on Thursday.
Continuing its bear run, the ASX 200 Index closed in the red on Thursday (May 13) too . All the sectors were down, out of which IT was the top loser, followed by energy, consumer discretionary, materials and utilities, facing the gravity of the slump in iron ore and oil prices.
At the same time, demand for iron ore in China, Australia's largest export market, remained weak. Steel output limitations enforced by the government are largely to blame.
The S&P/ASX 300 Metals & Mining Index closed 2.02% or 113 points lower at 5,473.60 points. At the same time, S&P/ASX All Ordinaries Gold Index was also 1.95% lower, closing at 6,081.00 points.
On the other side, the overall S&P/ASX 200 Index closed at 6,941.00 points, down 1.75%.
On this note, let's talk about the last one-month performance of these top three ASX-listed gold stocks. These include Newcrest Mining Limited, Evolution Mining Limited and Perseus Mining Limited.
Image Source: © 2022 Kalkine Media ®
Data Source- Data taken from ASX website dated 12 May 2022
Newcrest Mining Limited (ASX:NCM)
Newcrest Mining is an ASX-listed company that engages in the exploration, mining development, mine operations, and the sale of gold and gold/copper concentrates. The company owns and maintains a pipeline of brownfields and greenfield exploration projects. Its properties include Cadia, Telfer, Lihir, Havieron, Red Chris, and Wafi-Golpu.
According to its quarterly report, Newcrest's gold production increased 10% in the three months ended 31 March 2022.
With the Cadia SAG mill motor operating at full capacity and improved performance at Lihir, the company's gold and copper production climbed for the third quarter in a row. In the June 2022 quarter, the business aims to increase production.
Newcrest Mining's shares last traded at AU$24.70 each, down 0.64% on Thursday (12 May 2022). The company's shares have grown only around 1% YTD. Newcrest Mining has a current market capitalisation of AU$22.20 billion.
Also Read: FFX, RMS, NST: A look at 3 ASX gold stocks in a fear hit share market
Source: © Cammeraydave | Megapixl.com
Evolution Mining Limited (ASX:EVN)
Gold prospector and miner Evolution Mining Limited operates gold-related mining projects in Australia and Ontario, Canada. It owns and operates mines in New South Wales, Queensland (Mt Rawdon and Ernest Henry), and Western Australia (Mungari).
In the March quarter of the fiscal year 2022, the company reported producing 148,787 ounces of gold.
Evolution Mining's shares closed 3.36% lower on Thursday (12 May 2022) at AU$3.45 each. The company's shares have provided a negative return of around 15% YTD.
Perseus Mining Limited (ASX:PRU)
Australian firm Perseus Mining Limited is engaged in mineral exploration, gold production, and project development in Ghana and Cote d'Ivoire in West Africa. Edikan, Sissingue, Yaoure, and Corporate are among the company's segments.
Perseus Mining's shares last exchanged hands at AU$1.69 apiece, down 3.69%. The company has provided almost 5% YTD returns to its shareholders.
Also Read: GOR, SBM & NST - Three ASX gold stocks that followed gold slump today
