Currently viewing Global edition

Gold companies elevated in ASX reshuffle

Gold miners Saracen Mineral Holdings and Perseus Mining were the big winners in the latest rebalance of S&P/ASX indices.
Gold companies elevated in ASX reshuffle Gold companies elevated in ASX reshuffle Gold companies elevated in ASX reshuffle Gold companies elevated in ASX reshuffle Gold companies elevated in ASX reshuffle

Saracen, which is up 45% since the start of the year after acquiring 50% of the Super Pit, was admitted to the ASX 100, joining peers Newcrest Mining, Evolution Mining and Kalgoorlie partner Northern Star Resources.

Whitehaven Coal, which is down nearly 35% so far this year, lost its spot in the ASX 100.

As expected, West Africa gold producer Perseus Mining was added to the ASX 200.

While its shares are only up by about 7% this year, it has gained 170% over the past 12 months and now has a market capitalisation of $1.45 billion.

It takes the number of ASX 200 gold producers to 10.

Lithium miner Pilbara Minerals will lose its spot in the 200 after losing 50% of its value over the past 12 months.

Growing gold producers Ramelius Resources and Westgold Resources will join then S&P/ASX All Australian 200 index, while Emeco Holdings and Pilbara will be removed.

Another gold miner, Red 5, will join the ASX 300, while OceanaGold Corp, New Century Resources, Syrah Resources and Paladin Energy will be removed.

Red 5, which is up 77% over the past year, will also be added to the All Ordinaries.

Also joining the All Ordinaries index is Alkane Resources, Chalice Gold Mines, De Grey Mining, Legend Mining, Capricorn Metals, Mincor Resources, Stavely Mineras, Image Resources, Adriatic Metals, Medusa Mining, Kalium Lakes, Atrum Coal, Emerald Resources, Salt Lake Potash, Liontown Resources, Magnetic Resources, Mader Group and Greenland Minerals.

Metals X, Panoramic Resources, Neometals, Heron Resources, Argosy Minerals, Hastings Technology Metals, Aeon Metals, Magnis Energy Technologies, Sheffield Resources, Tungsten Mining, Australian Mines, CI Resources and Terramin Australia, as well as contractors Decmil Group, GR Engineering Services and Southern Cross Electrical Engineering, will be removed from the All Ordinaries.

The changes, announced today by S&P Dow Jones Indices, will take effect at the open of trading on June 22.