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Gold is impossible to pick a top 10. It's hard to pick the winners. Let's do 15.

But, from a risk-reward standpoint, something like this:

1911 Gold

Talisker Resources

Jaguar Mining

Aris Mining

Asante Gold

Galiano Gold

Greatland Gold

Westgold

Regis Resources

Vault Miners

Mineros SA

DPM Metals

B2Gold

Discovery Silver (currently a gold miner)

Heliostar Metals

https://x.com/jaconet1967/status/1972280438598291885

5th Highest % Riser on ASX 200 today.

5th Highest 5% Riser on ASX 200 today.

The news: The spot price of gold has surged past USD3,800 ($5,783.7) per ounce for the first time as the US dollar fell ahead of a meeting between US President Donald Trump and congressional leaders on a crucial short-term government spending bill.

The numbers: At 3:40pm AEST, the spot price of gold had lifted 1.23% to USD3,806.26 per ounce while the US dollar dropped 35% to buy $1.52.

Four of the top 10 biggest gainers on the ASX 200 were gold miners. They were led by Greatland Resources which had lifted 4.8% to $7.48. Evolution Mining (+4.4%), Ramelius Resources (+3.7%) and Newmont Corporation (+3.6%) also gained....

https://www.capitalbrief.com/briefing/gold-prices-surge-to-new-record-with-asx-miners-in-tow-db943090-5000-4cda-b8c6-44ac01f58402/

The 10 most shorted ASX stocks plus the biggest risers and fallers – Week 40

Market Index

29th September 2025

Greatland Resources 5th largest Rising Short

https://www.marketindex.com.au/news/the-10-most-shorted-asx-stocks-plus-the-biggest-risers-and-fallers-week-40

The Gold Price in Oz dollars has hit an intraday high record of A$ 5,800.740.

We're now only 2 days until the end of Q3 CY25 (Q1 FY26), and the gold price hasn't dropped below A$5,000 the whole quarter. It's been over A$5,300 for the past two weeks, and is now over A$5,800.

I totally appreciate that we don't know at what point gold sales have been/are made, but surely this has to be a stonking revenue/free cash quarter, because the average price must now be over A$5,400, at least! Compare that with the last two quarters, and we must be purely 'printing' free cash!

Roll on October for the Q3 CY25 (Q1 FY26) report!

https://www.tradingview.com/chart/?symbol=OANDA%3AXAUAUD

The materials sector has emerged as the standout performer on the ASX 200 last week, recording an impressive 5.91% gain that significantly outpaced the broader market. This surge was primarily driven by strengthening commodity prices across multiple resources, creating a favorable environment for mining companies. The S&P/ASX 300 Metal & Mining Index demonstrated even stronger performance with a 6.71% increase, highlighting the mining stocks' dominant contribution to the sector's success....

DIVERSIFIED MINERS

Companies with exposure to multiple in-demand commodities also performed strongly:

Greatland Resources

Weekly Gain: 11.58%

Closing Price: A$7.13

Gold-copper focus, newly added to ASX 200

The strong performance of diversified miners demonstrates the market's recognition of the value of operational flexibility and exposure to multiple commodity price trends.

https://discoveryalert.com.au/news/asx-200-mining-shares-materials-sector-rally-2025/

Don't forget the Copper, on the rise again (and Tungsten, and a few others!)!

We must surely be the best bet by far for 'AIM Transaction of The Year'.

AIM TRANSACTION OF THE YEAR AWARD - NOMINATION

GREATLAND RESOURCES LTD

Headquartered in Australia, Greatland Resources is a leading gold and copper producer. The group operates the Telfer gold mine, one of Australia’s largest gold-copper mining complexes.

In December 2024, Greatland completed an acquisition to consolidate 100% ownership of the operating Telfer gold-copper mine and the nearby world-class Havieron gold-copper development project, located in the Paterson Province of Western Australia, from Newmont Corporation for approximately US$450m. The acquisition immediately transformed Greatland from an exploration and development company to a cash generative significant producer of gold and copper. The transaction was funded by a US$334m equity raising, which was the largest mining raise on any London exchange since 2017.

ESG: Greatland’s board-level Health, Safety & Sustainability Committee oversees ESG. The group has set out Board-approved Environmental & Climate Change Policy and sustainability priorities - water, waste, rehabilitation, biodiversity, energy - to guide responsible operations.

BEST USE OF AIM AWARD - NOMINATION

GREATLAND RESOURCES LTD

Headquartered in Australia, Greatland Resources is a leading Australian gold and copper producer. The group operates the Telfer gold mine, one of Australia’s largest gold-copper mining complexes, and is concurrently developing the nearby world-class Havieron gold-copper project and exploring across a significant regional portfolio.

Greatland has effectively used the AIM market to support its transition from an explorer to a producer and has consistently used the market to raise capital since 2019. In September 2024, Greatland completed a significant institutional and retail fundraise to help finance the transformational acquisition of the Havieron gold-copper project. The group’s US$334m equity raising was the largest mining raising on any London exchange since 2017. Greatland has continued to benefit from its AIM presence, whilst gaining access to the Australian market.

ESG: Greatland Gold's board-level Health, Safety & Sustainability Committee oversees ESG. The group has set out Board-approved Environmental & Climate Change Policy and sustainability priorities - water, waste, rehabilitation, biodiversity, energy - to guide responsible operations.

Award-winning AIM writer Andrew Hore runs through the nominees for this year’s AIM Awards and tries to predict the companies that will walk away with the prizes.

The 2025 AIM Awards dinner will be held in London on 1 October and the shortlist for the awards has been announced

https://www.aim-awards.co.uk/#shortlist

BEST USE OF AIM

Greatland Resources Ltd is the newly re-domiciled Greatland Gold, which acquired the 70% of the Havieron gold copper project in Australia it did not own from Newmont Corporation. An ASX listing was obtained and just over £30m of cash raised.

AIM TRANSACTION OF THE YEAR

As pointed out in the best use of AIM award section Greatland Resources acquired the 70% of the Havieron gold copper project in Australia it did not own from Newmont Corporation. This means it owns 100% of a highly prospective project.

Best guess: Greatland Resources

https://www.ii.co.uk/analysis-commentary/aims-best-companies-2025-shortlist-revealed-ii536623

Don't ask me why he doesn't mention Telfer, Hey Ho!

Sorry, a bit of a copy & paste job, but the gold price keeps going north!

Well, what to say? The Gold Price in Oz dollars is now heading for A$5,800 with new records practically every day!

Putting this in perspective for Greatland Resources:

In Q1 CY25 we sold 89,125oz at a weighted average price of A$ 4,585, which was the major part (excluding Cu) of the A$ 458 million revenue

In Q2 CY25 we sold 87,529oz at a weighted average price of A$ 5,014, which was the major part (excluding Cu) of the A$ 487 million revenue.

We're now only 4 days until the end of Q3 CY25 (Q1 FY26), and the gold price hasn't dropped below A$5,000 the whole quarter. It's been over A$5,300 for the past two weeks, and is currently approaching A$5,800!

I totally appreciate that we don't know at what point gold sales have been/are made, but surely this has to be a stonking revenue/free cash quarter, because the average price must now be over A$5,400, at least! Compare that with the last two quarters, and we must be purely 'printing' free cash!

Roll on October for the Q3 CY25 (Q1 FY26) report!

https://www.tradingview.com/chart/?symbol=OANDA%3AXAUAUD

Element will love this one....

SYDNEY, Sept 25 (Reuters) - Australia's Macquarie Group (MQG.AX) will repay A$321 million ($211.35 million) to thousands of customers who invested their retirement savings into the now-collapsed Shield Master Fund, the country's corporate regulator said on Thursday.

The Australian Securities and Investments Commission (ASIC) has launched Federal Court proceedings against Macquarie Investment Management after it failed to act "efficiently, honestly and fairly" by not placing Shield under heightened monitoring....

https://www.reuters.com/world/asia-pacific/macquarie-unit-pay-australians-investing-shield-master-fund-after-regulatory-2025-09-24/#:~:text=SYDNEY%2C%20Sept%2025%20(Reuters),corporate%20regulator%20said%20on%20Thursday.

Indeed Element! I've never known a company, for years now, better at churning out RNS's, with pretty pictures, and nothing much more than fluff., along with numerous 'pump & dumps'. As you say, I'll also take notice if they actually have some positive assays, but, at this time, there is nothing of substance. That said, it's good for the traders, if they time it right.

"Greatland Resources managing director Shaun Day has earned more than $8 million amid a rollercoaster start to the company’s life on the ASX."

https://www.businessnews.com.au/article/Greatland-Resources-boss-Shaun-Day-in-8m-payday

And all the very best to him with it too! TT

ADD: Retained at BUY

https://www.marketindex.com.au/news/evening-wrap-asx-200-ekes-gain-as-copper-price-surge-powers-gains-in-sfr-csc

Some of us were discussing the put options a few days ago, and were giving some estimates of the costs. I was waiting for the Annual Report to see if these were costed out separately. The Report states:

"During the year, the Group entered into two tranches of AUD denominated gold put option contracts from the Banking Syndicate. The first tranche was at a premium of $9.9 million in respect of 150,000oz of gold from 1 February 2025 to 31 December 2025, payable on a deferred basis. The second tranche was for 150,000oz gold for the period 1 February 2026 to 31 December 2026 on an upfront basis at a premium of $10.1 million."

Citi has increased its 12-month target prices for Greatland Resources

Greatland Resources target price raised 24% to A$8.70 (£4.27)

@ Victorocto "Thanks to paddy for what?" It's called a basic courtesy, something you're clearly lacking. TT

Amendment summary

On 14 May 2025, the Licence Holder submitted an application to the department to amend

Licence L6079/1988/14 under section 59 and 59B of the Environmental Protection Act 1986

(EP Act). The following amendments are being sought:

• Construct two (Stages 3 and 4) additional raises to Tailings Storage Facility (TSF) 8

• Increase the Category 6 design capacity due to an increase in dewatering volumes to

Pit 13

• Increase the Category 12 design capacity by installing a new mobile crushing plant

• Increase the Category 63 design capacity by extending the boundaries for tyre disposal

and inert waste landfill areas