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Australian Gold Fund
  • Home
  • About Us
  • What we do
  • Achievements
  • Our Services
  • Price Charts
  • In-Depth Research
  • Market Commentary
  • Contact Us

In-Depth Research Analysis

Insights to Inform and Help Deliver Better Returns

At The Australian Gold Fund, we evaluate gold mining companies and determine whether they have investment potential. 


We built our own database containing financial and operational information from company financial reports and financial data, apply our unique analytical methods to draw conclusions and inform our investment decisions. 


Over the years, we identified new ways to look at gold mining companies, developed our unique valuation metrics, market indicators and even an index to track the performance of explorers and early-stage developers. You will not find this anywhere else.


Since April 2021, Brian has partnered with Fat Tail Investment Research and will provide his research insights and stock recommendations via his paid newsletters. However, we have published many company evaluation reports prior to 2021 that you can peruse. 


Please note these reports are technical in nature, requiring a working understanding of financial statement definitions, accounting conventions, statistics and asset pricing fundamentals.  Every effort is made to simplify the technical information into something that the general public can understand. 

industry studies and quarterly summary reports

2020 December Quarter Summary 17th March 2021 (pdf)Download
Which Gold Producer Stocks Deliver Best the Risk-Adjusted Returns 5th March 2021 (pdf)Download
2020 September Quarter Summary 8th January 2021 (pdf)Download
2020 June Quarter Summary 13th October 2020 (pdf)Download
Analysis of Drivers on the Operating Costs of Mines 4th September 2020 (pdf)Download
2020 March Quarter Summary 29th May 2020 (pdf)Download
2019 December Quarter Summary *Amended* 23rd April 2020 (pdf)Download
2019 September Quarter Summary 30th November 2019 (pdf)Download
2019 June Quarter Summary 16th September 2019 (pdf)Download
2019 March Quarter Summary 21st May 2019 (pdf)Download
Analysis of Drivers on Valuation and Future Returns 24th April 2019 (pdf)Download
Valuation of ASX-Listed Gold Mining Companies and its Historical Range 13th September 2018 (pdf)Download
ASX Gold Miners Valuation Report 18th June 2018 (PDF)Download

ASX Gold Mining Company Valuation and SWOT analysis

Our Unique Approach

Australian Gold Fund regularly collects data from ASX-listed gold producing companies as they release their quarterly, half-yearly and full-year results. Using our unique fundamental analysis and SWOT analysis, we deliver our opinions regarding the company's performance in the context of the broader market and their operational, financial and management performance.

We assure you of our professionalism and reliability by eating our own cooking!

2020 september to 2021 april

Silver Standard (SSR) 10th April 2021 (pdf)Download
Resolute Mining (RSG) 26th March 2021 (pdf)Download
Oceanagold (OGC) 26th February 2021 (pdf)Download
Perseus Mining (PRU) 22nd February 2021 (pdf)Download
Regis Resources (RRL) 16th February 2021 (pdf)Download
Aeris Resources (AIS) 13th February 2021 (pdf)Download
Northern Star (NST) and Saracen (SAR) Merger 22nd October 2020 (pdf)Download
Aurelia Metals Limited (AMI) 29th September 2020 (pdf)Download

conference presentations

2019 Gold and Alternative Investments Conference Presentation (pdf)Download

2019 october to 2020 september (Continued)

Saracen Mineral Holdings (SAR) 24th September 2020 (pdf)Download
Westgold Resources (WGX) 20th August 2020 (pdf)Download
Evolution Mining (EVN) 11th August 2020 (pdf)Download
Silver Lake Resources (SLR) 29th June 2020 (pdf)Download
Alacer Gold (AQG) 8th June 2020 (pdf)Download
Ramelius Resources (RMS) 14th May 2020 (pdf)Download
St Barbara (SBM) 6th May 2020 (pdf)Download
Dacian Gold (DCN) 14th April 2020 (pdf)Download
Red 5 (RED) King of the Hills and Capital Raising 28th March 2020 (pdf)Download
Kirkland Lake (KLA) 10th January 2020 (pdf)Download
Saracen Mineral Holdings (SAR) 24th December (pdf)Download
Blackham Resources (BLK) 11th November (pdf)Download
Aurelia Metals (AMI) 5th November (pdf)Download
Alacer Gold (AQG) 1st November (pdf)Download
Evolution Mining (EVN) 9th October (pdf)Download

2019 May to September (Continued)

Red 5 (RED) 22nd September (pdf)Download
Dacian Gold (DCN) 5th September (pdf)Download
Westgold Resources (WGX) 30th August (pdf)Download
Northern Star Mines (NST) 13th August (pdf)Download
Resolute Mining (RSG) 8th August (pdf)Download
Perseus Mining (PRU) 25th July (pdf)Download
Regis Resources (RRL) 9th July (pdf)Download
Silver Lake Resources (SLR) 5th July (pdf)Download
Ramelius Resources (RMS) LOM Plan 24th June (pdf)Download
Dacian Gold (DCN) 19th June (pdf)Download
Aurelia Metals (AMI) 17th June (pdf)Download
Saracen Mineral Holdings (SAR) 31st May (pdf)Download
Oceanagold Corporation (OGC) 24th May (pdf)Download
Medusa Mining (MML) 24th May (pdf)Download
St Barbara Mines (SBM) Acquisition of Atlantic Gold 23rd May *Updated on 11th November* (pdf)Download

2019 January to May

Blackham Resources (BLK) 11th May (pdf)Download
Ramelius Resources (RMS) 10th May (pdf)Download
Red 5 Limited (RED) 6th May (pdf)Download
St Barbara Mines (SBM) 3rd May (pdf)Download
Resolute Mining (RSG) 2nd May (pdf)Download
Perseus Mining (PRU) 5th April (pdf)Download
Millennium Minerals (MOY) 19th March (pdf)Download
Aurelia Metals (AMI) 8th March (pdf)Download
Newcrest Mining (NCM) 26th February (pdf)Download
Resolute Mining (RSG) 25th February (pdf)Download
Ramelius Resources (RMS) 20th February (pdf)Download
Evolution Mining (EVN) 19th February (pdf)Download
Alacer Gold (AQG) 18th February (pdf)Download
St Barbara Mines (SBM) 13th February (pdf)Download
Regis Resources (RRL) 8th February (pdf)Download

Disclaimer

These reports are for research and information purposes only. They do not serve as financial advice. The Australian Gold Fund advises users to conduct their own research and seek professional advice before making any further decisions. The Australian Gold Fund does not take any liability in relation to any mistakes and losses incurred as a result of using these reports. 

The Australian Gold Fund

brian.chu@goldfund.com.au

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