The progression in US China talks has somewhat led to easing of trade tensions globally. But it has reduced the appeal of gold, a well known safe haven asset, as enthusiasm among investors to invest in gold mining companies stock has somewhat dampened. In such a scenario, a few gold companies to invest in are
Western Gold Resources Limited (ASX: WGR)
Western Gold Resources Limited is an Australian-listed resources company focused on the exploration, evaluation and development of its mining projects in Australia and Sweden. Its flagship asset is the 100%-owned Gold Duke Gold Project in Western Australia which is advancing towards "shovel-ready" status with all four proposed mining pits fully approved for open pit operations.
The company reported a net loss of $1.24M for the half-year ending 31 December (compared to $1,587,840 for the prior corresponding period) with net assets totaling $141K and cash and cash equivalents at $179K.
Significant accomplishments for the Gold Duke Project include an updated Mineral Resource Estimate of 3.25Mt at 2.1 grams per tonne gold for 214K ounces of gold. Metallurgical test work demonstrated excellent gold recoveries of up to 95.1% from oxide ore. A Scoping Study highlighted a production target of 34koz of gold, generating an estimated undiscounted accumulated cash surplus of $38.10M with an impressive Internal Rate of Return (IRR) of 617%. The company noted the scoping study used an A$3,500 gold price while the current price trades around A$5,200.
The company also announced the selection of a preferred mining contractor with a deferred payment facility and successful capital raises totaling $720K in January 2025 and $1.05M in April 2025 to support project advancement. A comprehensive analysis of the Gold Duke historical database has revealed numerous promising mining prospects that could significantly extend the project's operational lifespan.
Resolute Mining Limited (ASX: RSG)
Resolute Mining Limited has demonstrated a strong start to 2025 with robust operational performance and a healthy financial position. The company reported group gold production of 75,497 ounces and gold sales of 64,322 ounces at an average realized price of $2,840 per ounce in Q1 2025. The All-In Sustaining Costs (AISC) for the quarter were $1,708 per ounce aligning with group guidance.
Resolute is among best gold stocks having generated $75.4M in operating cash flow and significantly increased its net cash position to $100.3M, up by $34M from the previous quarter. The company maintains strong liquidity with $186M in group availability. Quarterly Capital Expenditure (excluding exploration) stood at $24.9M.
The company announced the completion of the acquisition of the Doropo and ABC Gold Projects from AngloGold Ashanti as of 02 May. Resolute also provided an update on its Guinea exploration permits, noting media reports of potential revocations but confirming no formal communication from the Government of Guinea on the matter. Resolute is seeking further information and clarification from the Government regarding these permits which are subject to government approval for transfer to AngloGold Ashanti as part of the Doropo acquisition.
Resolute achieved an 11% improvement in its Total Recordable Injury Frequency Rate (TRIFR) decreasing it to 1.86, a figure better than the ICMM industry average. The Syama Sulphide Conversion Project is progressing towards a mid-2026 startup maintaining a strong safety record. Furthermore, exploration in Senegal (Bantaco) and Côte d'Ivoire (La Debo) shows promising results with Bantaco identified as a potential satellite deposit to extend the Mako mine. Resolute remains on track to meet its full-year production guidance of 275-300 koz at a Group AISC of $1,650-$1,750 per ounce.
(Source: Company Announcements)
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