From the list of ASX gold companies, two stocks have continued to fly high, irrespective of any pull back in gold investing.
Gold Road Resources Limited (ASX: GOR)
Gold Road Resources Limited (ASX: GOR), on 18 March 2025 provided an update on expected production for the March 2025 quarter from the Gruyere gold mine. The Gruyere is a 50:50 joint venture with Gruyere Mining Company Pty Ltd,
The company anticipates gold production for the quarter to be between 70,000 and 73,000 ounces on a 100% basis, a reduction from the previous quarter's production of 91,631 ounces. This decline is because of the maintenance work on the primary crusher and failures in two conveyor belts.
In spite of the temporary setback, mining activities continue to ramp up as expected, with production rates currently reaching an annualised level of approximately 72 million tonnes per annum. The company maintains its full-year guidance for 2025, with annual gold production expected to range between 325,000 and 355,000 ounces, of which 162,500 to 177,500 ounces are attributable to Gold Road. The anticipated all-in sustaining cost (AISC) remains between AUD 2,400 and AUD 2,600 per ounce.
Gold Road Resources Ltd confirmed the announcement on 24 March, 2025, by Gold Fields Limited and having received, considered and finally rejected conditional and non-binding indicative proposal from Gold Fields. The Gold Road Board was of the view that the Offer materially under valued Gold Road and was highly opportunistic in nature.
Genesis Minerals Limited (ASX: GMD)
Genesis Minerals Limited (ASX: GMD), on 19 February 2025, reported a strong financial performance for the six months ending December 31, 2024, highlighting its production growth strategy. Net profit after tax (NPAT) grew by 161% to $59.8 million, while EBITDA was up by 181% to $153.6 million. The company’s sales revenue surged by 57% to $338.7 million, driven by gold sales of 86,527 ounces at an average realised price of $3,909 per ounce.
This performance was rendered by a solid gold production output of 93,075 ounces at an all-in sustaining cost of $2,383 per ounce, maintaining Genesis is among the best gold companies to invest in, being on track to achieve its FY25 guidance of 190,000 to 210,000 ounces.
Genesis ended the half with $237.5 million in cash, bullion, and investments, having generated a substantial cash inflow while also investing $79.2 million in growth capital and exploration. The company also secured a $120 million corporate revolving finance facility, further strengthening its financial flexibility. Genesis, however, remains debt-free, with the facility remaining undrawn and not allocated for any specific purpose.
With a market capitalisation of $3.6 billion and a strong shareholder base, Genesis is well-positioned for continued growth.
(Source: Company's Report)
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