Not all shares can be winners, some have to come in last. And with so many mining and resource shares on the ASX's All Ordinaries Index (ASX: XAO), there will no doubt be some poor performers in the pack.
There's a clear pattern among the 2021 financial year's biggest fallers – in fact, it's etched in gold. Let's take a look.
Worst performing mining and resource shares of FY21
Resolute Mining Limited (ASX: RSG)
The Resolute Mining share price was the worst performing mining and resource share of the financial year – dropping a whopping 58%. The Resolute share price has fallen from $1.22 to just 51 cents over the past 52 weeks.
The company is a gold miner with assets in Senegal, Mali, and Ghana. During FY21, the company's lease on the Bibiani Mine was terminated and it was affected by the Mali military's mutiny.
It has a market capitalisation of around $574 million, with approximately 1.1 billion shares outstanding.
Regis Resources Limited (ASX: RRL)
The Regis Resources share price was the second worst performer, falling 55% over the 2021 financial year. Regis shares are currently trading for $2.44 apiece – at the beginning of the financial year, Regis shares were $5.30.
In a case of unfortunate timing, its share price closed yesterday's session at a new 52-week low.
Regis is a gold miner with assets in Western Australia.
It has a market capitalisation of around $1.8 billion, with approximately 754 million shares outstanding.
St Barbara Ltd (ASX: SBM)
The St Barbara share price fell 48% over the financial year just gone – it's now $1.76. At the start of the 2021 financial year, shares in St Barbara were trading for $3.28.
The most recent hit to the St Barbara share price came in May, when it downgraded its production guidance and increased its expected costs.
St Barbara is another gold miner. Its operations are based in Australia, Canada, and Papua New Guinea.
The company has a market capitalisation of around $1.2 billion, with approximately 708 million shares outstanding.
AngloGold Ashanti CDI (ASX: AGG)
The AngloGold Ashanti share price also had a tough year. It fell 43% in the 2021 financial year to trade for $4.83.
The company is a global gold miner with a head office in South Africa and assets in 4 continents. It also produces silver and sulphuric acid as they're by-products of its gold production.
The most recent news from AngloGold came late last month, when the company shared a rescue mission had begun after a contract worker was unable to be found after a fall of ground at one of the company's mines in Ghana. AngloGold updated the market on the rescue mission 7 days later, but the missing worker was yet to be found.
AngloGold Ashanti has a market capitalisation of around $424 million, with approximately 2 billion shares outstanding.
SSR Mining Inc CDI (ASX: SSR)
The SSR Mining share price made the list of the worst performing mining and resource shares of the 2021 financial year despite only debuting on the ASX in September 2020.
Its shares have fallen 33% since then. They're currently swapping hands for $20.53 apiece.
However, SSR Mining isn't new to the ASX – it used to trade as Alacer Gold Corp.
The company is yet another gold producer. It has operations in the United States, Canada, Turkey, Mexico, and Peru. It also produces a small amount of silver.
SSR Mining shares have been falling lately despite the company releasing good news, including a positive first quarter report and news of increased debt facilities.
The company has a market capitalisation of around $375 million, with approximately 220 million shares outstanding.
