The world's biggest 100 mining stocks, measured by value, currently carry an aggregated value of USD 954bn, and have bounced by 90%, on a weighted average basis, from low stock prices seen during the latter part of 2008. The benchmark MSCI Barra dollar index for all global equities has so far managed a bounce of just 22%. A selection of the world's Top 100 hottest mining stocks, worth an aggregate USD 41bn, have bounced by 313%, on a weighted average basis.The underlying dynamics are ever-changing. Seen as a global grouping, listed gold stocks hit multi-month highs on 2 April, and have since declined sharply on a wobbly gold price, while most industrial metal prices have continued to rise, led decisively by copper which broke above USD 2.00/lb on Thursday, for the first time in months.The result has been plain in switches of portfolio flows away from gold (and silver) stocks. Across the global mining sector, copper stocks have grabbed leadership from their gold peers, for now. Seen as a broader grouping, mining stocks as a whole continue to lead global equity markets.The biggest recovery in country indices is seen in the Micex Russia, which has risen 79% from viciously sold off levels. China's CSI 300 has risen by 57% from its lows; leaving the Moscow aberration aside, this is the best recovered country index. Stock price recoveries in both countries have assisted the retrofitting of any number of stock prices; energy miner VorkutauGol has bounced more than 700% from its lows, and JSC Polymetal, which produces the charmed duo of silver and gold, by nearly 600%.Where a stock's country recovery has been underpinned also by relevant strength or stability in commodity prices, gains, as seen in the latter two cases, have been sharp. Chinese gold miner Zhaojin has seen its stock price bounce by more than 400% from lows. Either way, there are still lots of gold stocks sitting in a selection of the world's hottest 100 listed mining stocks.A subtheme is seen in stocks rated as potential acquisition targets. Samples include Novagold (for it huge Donlin Creek project in Alaska; Greystar (for its Angostura gold discovery in Colombia); San Anton Resources (for its Cerro del Gallo project in Mexico), and Moto Goldmines. Further top performing gold names include La Mancha Resources, for fast-growing production and demonstrable entrepreneurial flair,  Regis Resources, for its Duketon project, and Tanami Gold, which dramatically returned from a low stock price of, basically, zero, and also highly rated and highly valued Osisko.Stocks with the charmed duo of copper and gold such as Northern Dynasty are also increasingly in favour; new moves on this theme into the Top 100 include the likes of Imperial Metals, and Pan Australian; new copper and related names include Augusta Resources, Boliden, and Monterrico.Mantra Resources is also a new entry, with interests in uranium, copper and gold. Uranium continues to be popular despite no real direction from underlying uranium oxide prices; new names include Berkeley Resources, Black Range Minerals, and  Mega Uranium. Other new entries include Gryphon Minerals and Perseus Mining, both with gold interests in West Africa, along with Aquiline Resources (silver-gold), Orko Silver, Caledonia (cobalt and gold), and also Anooraq (platinum group metals) and Braemore (platinum and nickel).Century Mining stays on top; this week it announced high grade intercept results from exploration drilling at its existing Lamaque mine in Canada. Century is just one example of a stock price previously sold down to priced to go bust levels during the worst latter months of 2008. It secured financing, a key to recovery, around 31 March.Kopane Diamonds continues to draw attention; it suspended production in December at its Liqhobong mine in Lesotho, and moved to priced to go bust levels, but then secured strong support from London-listed Obtala Resources, which now holds 27% of Kopane. Wreckage stories from the diamonds sector have also not prevented stellar performances from Peregrine Diamonds, Pangea Diamondfields, and Mano River Resources.NWT Uranium continues to soar; it holds 34.06% of Niger Uranium, which in turn owns 15.06% of Kalahari Minerals, which in turn holds 38.85% of Extract Resources, the company that's made a world class uranium hit in Namibia. All four stocks rank in the Top 100 hottest mining performers; major miner Rio Tinto has previously bought stakes in Extract and Kalahari; Extract's Rössing South discovery is adjacent to Rio Tinto's long standing Rössing mine.  

SELECTED TOP 100 HOTTEST MINING STOCKS

Ranked on 12-month composite price performance

Stock

From

From

Value

price

high*

low*

USD bn

Century Mining

CAD 0.20

-22.0%

1850.0%

0.027

La Mancha Resources

CAD 0.44

-22.8%

1000.0%

0.051

Kopane Diamonds

GBP 0.11

-29.0%

780.0%

0.027

VorkutauGol

USD 3.25

-58.9%

712.5%

0.030

Ivanhoe Australia

AUD 1.19

-41.4%

693.3%

0.525

San Anton Resource

CAD 0.25

-65.0%

716.7%

0.021

NWT Uranium

CAD 0.15

-53.1%

650.0%

0.015

Australian Solomons

CAD 0.19

-69.4%

660.0%

0.016

Novagold

CAD 3.50

-65.0%

636.8%

0.516

JSC Polymetal

USD 6.72

-27.0%

572.0%

2.117

Marum Resources

CAD 0.17

-23.3%

560.0%

0.013

Tanami Gold

AUD 0.03

-43.3%

580.0%

0.086

Greystar

CAD 3.50

-37.5%

560.4%

0.149

First Uranium

CAD 6.38

-16.2%

525.5%

0.784

Azteca Gold

CAD 0.13

-50.0%

550.0%

0.018

Regis Resources

AUD 0.38

-13.6%

503.2%

0.065

Niger Uranium

GBP 0.22

-12.7%

493.3%

0.037

Zhaojin

HKD 10.40

-27.6%

459.1%

0.587

Mano River Resources

CAD 0.06

-85.5%

500.0%

0.015

Yukon-Nevada Gold

CAD 0.12

-93.2%

500.0%

0.029

Extract Resources

AUD 3.95

-27.1%

426.7%

0.625

US Gold Corp.

USD 2.01

-32.8%

428.9%

0.159

Queenston Mining

CAD 3.82

-9.7%

402.6%

0.177

Toledo Mining

GBP 0.44

-75.0%

467.7%

0.019

Coral Gold

CAD 0.55

-57.4%

450.0%

0.011

Brazauro

CAD 0.52

-42.2%

420.0%

0.036

Western Prospector

CAD 0.53

-60.4%

430.0%

0.023

Caledon Resource

GBP 0.39

-75.6%

442.3%

0.119

Silverstone

CAD 1.75

-40.7%

407.2%

0.175

Bannerman

AUD 1.15

-55.6%

411.1%

0.128

Aricom

GBP 0.27

-74.5%

427.3%

0.468

Keegan Resources

USD 1.86

-64.4%

416.2%

0.053

Dynasty Metals

CAD 5.00

-24.8%

376.2%

0.144

Guyana Goldfields

CAD 3.09

-56.4%

406.6%

0.148

Colossus Minerals

CAD 2.12

-47.0%

393.0%

0.095

Fresnillo

GBP 4.31

-25.0%

363.4%

4.532

Golden Goose

CAD 0.35

-63.2%

400.0%

0.014

Archipelago

GBP 0.10

-64.3%

400.0%

0.045

Homeland Energy

CAD 0.21

-89.8%

425.0%

0.044

Peregrine Diamonds

CAD 0.69

-15.8%

343.7%

0.045

Kalahari Minerals

GBP 1.13

-11.0%

338.8%

0.296

Centerra

CAD 4.41

-65.9%

390.0%

0.773

Pangea Diamondfields

GBP 0.02

-96.3%

420.0%

0.050

Aurizon

CAD 5.13

-17.8%

324.0%

0.617

African Minerals

GBP 0.44

-77.6%

383.3%

0.120

Baffinland

CAD 0.51

-86.0%

385.7%

0.096

Evergreen Energy

USD 1.05

-58.0%

356.5%

0.132

Dragon Mining

AUD 0.06

-39.0%

335.7%

0.032

Uranium One

CAD 2.66

-48.6%

343.3%

1.013

Western Goldfields

CAD 2.13

-37.0%

326.0%

0.234

Oceanagold

AUD 0.69

-72.3%

360.0%

0.079

Adamus Resources

AUD 0.41

-24.1%

310.0%

0.045

Catalpa Resources

AUD 0.08

-25.7%

310.5%

0.066

Northern Dynasty

CAD 7.84

-26.0%

308.3%

0.589

Plexmar Resources

CAD 0.11

-59.3%

340.0%

0.014

PC Gold

CAD 0.48

-61.6%

336.4%

0.012

Claude Resources

USD 0.51

-53.6%

325.4%

0.050

Osisko

CAD 5.35

-12.3%

282.1%

1.107

Moto Goldmines

CAD 2.72

-44.9%

312.1%

0.193

Medusa

AUD 1.56

-15.0%

280.5%

0.185

Gryphon Minerals

AUD 0.25

-51.5%

315.3%

0.020

Mega Uranium

CAD 1.58

-41.9%

305.1%

0.239

Mantra Resources

AUD 2.25

-43.8%

301.8%

0.255

Chariot

CAD 0.26

-76.1%

333.3%

0.069

Anatolia

CAD 2.57

-41.6%

295.4%

0.239

Minco Silver

CAD 1.25

-68.8%

316.7%

0.032

Boliden

CAD 7.75

-40.4%

287.5%

1.718

Richmont Mines

CAD 4.32

-12.4%

257.0%

0.091

Andean

AUD 1.54

-18.1%

262.4%

0.444

Monterrico

GBP 0.98

-62.1%

306.3%

0.038

Ivanhoe

CAD 7.78

-38.3%

277.7%

2.384

Allied Nevada

CAD 7.23

-11.7%

251.0%

0.336

Braemore

GBP 0.04

-62.8%

300.0%

0.046

East Asia Minerals

CAD 0.49

-71.8%

308.3%

0.017

Seabridge

CAD 26.08

-13.4%

247.7%

0.790

Atlanta Gold

CAD 0.25

-82.6%

316.7%

0.011

Iamgold

USD 7.70

-14.4%

246.8%

2.811

Nevsun

CAD 1.30

-40.9%

271.4%

0.135

S American Silver

CAD 0.37

-42.2%

270.0%

0.015

Anooraq

CAD 0.89

-77.5%

304.5%

0.134

Imperial Metals

CAD 3.64

-65.3%

291.4%

0.095

Lingbao

HKD 2.84

-29.7%

255.0%

0.109

Hochschild Mining

GBP 2.40

-45.2%

269.6%

1.083

Herald Resources

AUD 0.40

-86.6%

300.0%

0.057

Detour Gold

CAD 10.60

-58.3%

270.6%

0.387

Augusta Resources

USD 1.52

-78.1%

289.7%

0.135

Caledonia

CAD 0.09

-52.6%

260.0%

0.036

Eldorado

USD 7.78

-19.8%

226.9%

2.880

Rainy River

CAD 2.23

-53.1%

259.7%

0.102

Silvercrest

CAD 0.67

-47.2%

252.6%

0.025

Black Range Minerals

AUD 0.04

-59.2%

263.6%

0.025

Perseus Mining

AUD 0.72

-53.6%

257.5%

0.199

US Silver Corp

CAD 0.12

-82.0%

283.3%

0.020

Uralkali

USD 12.20

-84.9%

286.1%

5.184

Berkeley Resources

GBP 0.32

-33.9%

234.2%

0.048

Exeter Resources

CAD 3.45

-32.0%

228.6%

0.174

Sichuan Hongda

CNY 13.35

-63.0%

250.4%

2.016

Orko Silver

CAD 0.94

-49.7%

235.7%

0.081

Aquiline Resources

CAD 2.61

-71.5%

262.5%

0.144

Pan Australian

AUD 0.30

-76.0%

265.9%

0.377

Hunan

HKD 1.39

-59.5%

247.5%

0.293

Averages/total

-49.0%

397.8%

41.186

Weighted averages

-58.5%

313.1%

* 12-month

 

Source: market data; table compiled by Barry Sergeant