Best 5 ASX Gold Stocks of 2021

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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.

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Securities Disclosure: I, Melissa Pistilli, currently hold no direct investment interest in any company mentioned in this article.