Listed gold and primary silver stocks (heavily dominated by Fresnillo, which also produces gold, zinc and lead) continue to rank as the best performing mining subsectors over the past 12 months, in absolute terms. But listed gold stocks have encountered headwinds over the past month, abating somewhat over the past week. Uranium stocks, both miners and developers, rank third in absolute stock price performance terms.Over the past month, in particular, investors have been withdrawing funds from listed gold stocks, gold ETFs (exchange traded funds), and also, more lightly, from the three Tier I platinum miners, Anglo Platinum, Impala Platinum, and Lonmin.There has been a distinct and discernable switch of mining investment portfolio flows, and no doubt also fresh investment flows, that have gone most heavily towards listed specialist miners and developers under the broad classifications of zinc, followed by nickel, uranium, copper, diamonds, tin and coal. There has also been positive net buying over the past month of specialist miners of aluminium, iron ore, silver, molybdenum and potash.The main apparent spur behind the recent outflows from listed gold stocks has come courtesy of the ongoing recovery of a good number of commodity prices. Oil has this week touched 2009 highs near $55 a barrel, and prices for just about everything from soybeans to corn have been making solid recoveries; cotton, white sugar, cocoa and palm oil have done particularly well. In the metals complex, six month moves from lows range from 21% for aluminium to 65% for lead.METAL PRICES

Industrial, USD/lb

Low*

High*

Current

From low

Copper

1.28

4.06

2.05

60.8%

Aluminium

0.58

1.53

0.70

20.7%

Lead

0.39

1.19

0.64

65.1%

Tin

4.40

11.57

5.67

28.9%

Nickel

4.01

13.13

5.44

35.6%

Zinc

0.47

1.08

0.69

47.4%

Precious, USD/oz

Gold

682.41

1006.29

908.29

33.1%

Platinum

744.25

2225.50

1132.50

52.2%

Palladium

160.75

478.50

227.50

41.5%

Silver

8.46

19.48

13.79

63.0%

* 12-month

In the equities subsector arena, the big drawcard over the past month has come in the form of stocks that fall under the broad classification of zinc miners, with leadership situations established by the likes of Sichuan Hongda, Shenzhen Zhongjin, Inmet, Yunnan Chihong, Hindustan Zinc, and, among smaller names, Horsehead (a recycler), Perilya, and Ampella Mining.Given the gains in silver, lead and zinc prices, Fresnillo has among the most ideal mix of outputs, underpinned also by its gold production. The stock ranks as one of the best performing in the world, with a London stock price that has lifted more than 450% from its lows.Fresnillo finds itself in the close company, among larger capitalisation mining names, of the likes of Ivanhoe Australia, First Uranium,  Extract Resources (uranium), JSC Polymetal (silver, gold), Centerra (gold), Iamgold, Osisko (gold developer), and Uranium One. On handy mixtures, Inmet may be worth watching with its combine of zinc, copper and gold. The stock price is up just over 300% from lows.Nickel miners and developers have proved next on the most attractive list over the past month, with excellent stock price gains coming from the likes of Xinjiang Xinxin, Jien Nickel, Independence Group, Talvivaara Mining, Aneka Tambang, Mirabela Nickel, and Sherritt.Uranium stocks are next up, underpinned by a recent rise in spot commodity prices and led by recovering miner Uranium One, and developers First Uranium and Extract Resources, with dozens of smaller names turning in good, excellent and even spectacular stock price runs, led by the likes of Purepoint Uranium, Berkeley Resources, White Canyon, Uranium Energy, Northern Continental, Solex Resources, and not-so-small Mega Uranium, and Mantra Resources.The performance of copper stocks has calmed over the past month or so, where  leadership is carried by the likes of First Quantum, Quadra, Pan Australian, Mercator, and Imperial Metals. Listed diamond stocks, one of the most damaged of all mining subsectors, have been in recent favour, where price leadership has been taken up by smaller stocks such as Kopane Diamonds, Peregrine Diamonds, Mano River Resources, and the medium-sized Petra Diamonds.Tin miners have also been in the spotlight, but this is a relatively small subsector dominated by Yunnan Tin. Asian coal stocks are up next, led by Huolinhe, PingZhuang, SDIC Xinji, Shanxi Xishan, Shanxi Guoyang, Shanxi Lu'an, and Gansu Jingyuan. The recovery in non-Asian coal stocks has been more hesitant, and led up by the likes of New Hope, Felix Resources, and Gloucester Coal, out of Australia, and out of North America, by the likes of Alliance Holding, James River Coal, and Penn Virginia.Listed aluminium stocks remain largely heavily depressed, but the past month has witnessed strong bargain hunting across the sector, led up by names such as Nordic Aluminium, Century Aluminium, Madras Aluminium, and Yunnan Aluminium. Alcoa, one of the biggest names in the global aluminum game, has a long way to go in recouping deep damaging losses to its stock price.GLOBAL LISTED RESOURCES STOCKS

Composite weighted 12-month net price gains/losses

Main

One month

IMC*

Stock

result

change

USD bn

sample

Zinc stocks

137.1%

74.5%

24.6

45

Nickel stocks

81.9%

70.9%

23.9

32

Uranium producer stocks**

105.2%

67.5%

15.5

4

Uranium stocks

118.8%

66.5%

22.5

117

Copper stocks

132.5%

56.8%

84.2

93

Diamond stocks

17.6%

54.8%

1.6

41

Tin stocks

92.1%

53.8%

2.7

12

Coal stocks

49.6%

51.7%

281.6

96

Tier I coal stocks (Asia)**

56.2%

51.2%

133.1

20

Tier I coal stocks (non-Asia)**

32.9%

50.8%

49.7

30

Tier II iron ore stocks**

41.0%

49.2%

47.7

19

Aluminium stocks

71.5%

44.1%

75.7

28

Iron ore stocks

63.5%

41.6%

157.8

84

Silver stocks

185.6%

41.5%

15.9

43

Tier I iron ore stocks**

74.8%

39.4%

97.3

3

Mining majors**

52.3%

31.2%

677.6

20

Molybdenum stocks

55.0%

23.7%

10.4

20

Potash producers

34.6%

22.1%

86.7

12

Oil stocks

6.1%

20.1%

1931.1

47

Silver ETFs

30.9%

12.1%

4.0

3

Oil sand stocks

-6.9%

6.3%

32.4

15

Platinum stocks

19.3%

5.9%

40.2

51

Tier I platinum stocks**

10.4%

-3.3%

29.6

3

Gold ETFs

22.5%

-4.8%

43.0

9

Tier II gold stocks**

182.4%

-6.0%

41.9

18

Gold stocks

101.6%

-15.2%

226.4

247

Tier I gold stocks**

85.3%

-17.5%

161.1

13

TOTALS

3017.6

983

* Investable market capitalization

** IMC counted in other sub-sectors

Source: Analysis by Barry Sergeant

Note: All samplings are operating companies, with the exception of ETFs

Note: the 12-month price gain/loss calculation assumes

1. A weighted amount of USDs are invested in each of 983 stocks

2. At the stock's lowest price in the past 12 months, and

3. That each stock is still held at the current date.

Follow mining news updates on Twitter http://twitter.com/Mineweb