The S&P/ASX 200 Index (Index: ^AXJO) (ASX: XJO) barely moved yesterday, climbing by just 6.4 points, or 0.14% to close at 4,439.9. However, four stocks managed to climb by more than 4 per cent, and new gold miners appear to be in vogue.
Sandfire Resources NL (ASX: SFR) climbed by 4.33% to close at $8.20, continuing its climb since the beginning of the year. The stock has risen 24.6% since January 2012.
Sandfire is an explorer and developer, and Australia's newest copper-gold producer since February 2012, following the commencement of mining at its flagship DeGrussa Copper-Gold project in Western Australia. According to the company, Degrussa is expected to become Western Australia's biggest copper mine, with a mine life of more than seven years.
Oz Minerals Limited (ASX: OZL), another Australian copper-gold producer, holds close to 20% of Sandfire. The latter company could be a potential takeover target, given Oz Minerals had over $886m of cash sitting on its balance sheet at the end of December 2011, and is under pressure to "do something" with all that cash.
Beadell Resources Ltd (ASX: BDR) climbed 3 cents or 4.32% to close at 72.5 cents. Since the start of this year the shares have risen 20.8%.
Beadell is another resources company about to start production in 2012, with the company's Tucano mine in Brazil expected to be commissioned and producing gold in the very near future. Cash costs are fairly low, expected to be around US$500 per ounce.
Production has been forecast at between 150,000 to 180,000 ounces of gold per year. The company also has other projects in Western Australia and Victoria.
Stockland (ASX: SGP) rose 13 cents to close at $3.25, a rise of 4.17%. Since 11th April, Stockland has risen over 10%. The large property developer and investment management group, with a market cap of over $7bn, holds a large portfolio of commercial office buildings, residential land plots and is also a retirement living operator and developer.
Much of the price appreciation can be attributed to investors view that the property market is about to recover. The 0.5 per cent rate cut on Tuesday by the Reserve Bank should help improve consumer sentiment.
Regis Resources Limited(ASX: RRL) rose 17 cents, or 4.04%, to close at $4.38. Since April 26th, Regis has risen 8.4%. Another gold miner that has started producing gold this financial year, Regis is targeting production of 400,000 ounces of gold per year from 2013/2014. The company is expecting to produce over 100,000 ounces of gold this year at a cash cost of around A$519 per ounce (excluding royalties). Regis was added to the S&P/ASX 100 Index from 20th April 2012
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Motley Fool contributor Mike King doesn't own any of the shares mentioned in this article. The Motley Fool's purpose is to help the world invest, better. Take Stock is The Motley Fool's free investing newsletter. Packed with stock ideas and investing advice, it is essential reading for anyone looking to build and grow their wealth in the years ahead. Click here now to request your free subscription, whilst it's still available. This article contains general investment advice only (under AFSL 400691).
