Top ASX Mining companies have been country’s key growth drivers because of surging demand for critical minerals and energy storage. Australia being home to high-quality deposits of iron ore, coal, gold, and other valuable resources, offers an advantage to these companies. Buoyed by their earnings prospects, investors have remained keen to add these to their portfolio because of their high growth potential.
Mining Stocks To Watch In September 2025
BHP Group Ltd (ASX: BHP)
Rio Tinto Ltd (ASX: RIO)
Fortescue Ltd (ASX: FMG)
Newmont Corporation (ASX: NEM)
Northern Star Resources (ASX: NST)
has reported a strong set of their financial results, achieving an underlying EBITDA of US$26.0 billion, with a healthy 53% margin and 20.6% ROCE, showcasing its operational strength. The company's strong net operating cash flow of US$18.7 billion supported its underlying profit of US$10.2 billion. BHP announced US$5.6 billion in dividends despite its net debt increasing to US$12.9 billion from US$9.1 billion the previous year, demonstrating its ongoing emphasis on shareholder value while maintaining strict capital management. BHP is positioned for strong growth which is supported by stable iron ore and steel making coal output, while unlocking attractive opportunities in copper and potash. Long-term value generation sounds promising with ~8.5 Mt of potash from Jansen and ~2 Mt of copper projects planned.
has delivered a resilient financial result in H12025 despite market headwinds, The Company has production volumes up 6% and sales volumes rising 4%. Solid operational performance was demonstrated by operating cash flow of $6.9 billion and underlying EBITDA of $11.5 billion. Stronger contributions from copper and aluminium had partially compensated for the impact of lower iron ore prices on profitability, which had resulted in underlying earnings of $4.8 billion, down 16%.. Through a 50% payout ratio, the company announced an interim dividend of $2.4 billion, supported by timely project completion and strict cost control. Overall Rio Tinto has showcased resilience with steady production growth, stronger diversification, and a balanced dividend despite iron ore price pressures.
has delivered a strong FY25 results with revenue of US$15.5 billion, driven by record shipments of 191Mt hematite and 7Mt magnetite. Given an excellent 51% margin and NPAT of US$3.4 billion, the underlying EBITDA came to US$7.9 billion. EPS was 110 US cents (169 Australian cents) which is supported by a 17% ROE and low costs of US$17.99/wmt. Strong liquidity is being maintained by Fortescue, which has US$4.3 billion in cash on hand, US$2.6 billion in free cash flow, and US$6.5 billion in operating cash flow. Fortescue projects consistent growth in FY26, with Iron Bridge production of 10–12Mt and shipments of up to 205Mt. Its resilience is boosted by strict cost control and disciplined capital expenditures, and investments in the energy transition emphasize long-term sustainability and diversified growth potential.
Newmont Corporation (ASX: NEM)
posted a strong Q2 2025 performance, with net income of $2,061 million ($1.85 per share), up significantly from last year, driven by higher realized gold prices, asset divestment gains, and investment returns. Company adjusted EBITDA increased 52% to $2,997 million, while adjusted net income increased to $1,594 million ($1.43 per share). Free cash flow was $2,915 million after operating cash flow doubled to $4,415 million. By selling over $2 billion worth of key assets, the company advanced portfolio optimisation. At the end of the quarter, it had $10.2 billion in liquidity and $6.2 billion in cash. Given a $3 billion authorisation for share repurchases, continuous ESG commitments, and robust 1.5Moz gold production Newmont had improved its financial position and increased its shareholder value.
Northern Star Resources (ASX: NST)
had a great FY25 performance, with underlying EBITDA rising to A$3.5B and underlying free cash flow increasing to A$536M. In the context of improved shareholder returns, cash earnings hit A$2.9 billion, and dividends rose to 55.0 cents per share. Additionally, the company had strengthened its capital management efforts by completing a $300 million share buyback. NST's financial situation is still strong with net cash of A$1.0 billion, showing enhanced earnings, robust cash generation, and careful balance sheet management, setting up the company up for long-term growth and the creation of shareholder value. The FY26 guidance from Northern Star suggests gold sales of 1700–1850 koz at AISC of A$2,300–2,700/oz. Through exploration spending of about A$225M, growth capital expenditures, including KCGM and Hemi projects, are projected to be between A$1.14 and 1.2B. Dividends are anticipated to stay fully franked, and cash tax is expected to be between A$700 and A$835 million.
(Source: Company Announcement)
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