3 ASX Gold Stocks Delivering Record Production and Strong Cash Flow: GMD, EVN, RMS

Genesis Minerals, Evolution Mining and Ramelius Resources offer investors exposure to Australia’s gold sector, backed by strong production and growth prospects. 

Genesis Minerals Limited (ASX: GMD),

As on 28 July 2026, published its quarterly report, highlighting strong performance with quarterly production of 70,766oz at an AISC of $2797/oz  with a record FY26 production of 285,402oz at an AISC of $2670/oz, which lies within the management guidance of 260,000-290,000 at an AISC of $2500-$2700/oz.

Gold sales for the quarter reached 77,797oz at an average price of $6175/oz generating revenue of about $480.4 million. The company has a market capitalisation of $8.65 billion and witnessed a strong financial quarter with cash and cash equivalent of $520.1 million with a bank debt of around $200 million.

The Tower Hill open pit project got fast-tracked with pit dewatering complete and open pit mining underway and Bruno Lewis open pit project also fast paced with open pit work to begin in September quarter. Additionally, portfolio-wide drilling success and acquisition of Magnetic Resources contributing to a successful quarter.

Looking ahead, the management expects increased production with the ongoing merger of Genesis and Vault post quarter end, helping company expand its operation and standing out as a potential investment for investors.

Evolution Mining Limited (ASX: EVN),

As on 27 July 2026, announced the expansion of copper growth opportunities via acquisition of Carnaby Resources at Ernst Henry. It incorporated the advanced copper-rich Greater Duchess Project which supported in the scaling of its regional growth pipeline near Ernest Henry.

The company delivered a strong June quarter with a record FY26 group cash flow of $1.39 billion. Gold production reached 180k0z while copper at 19kt, improving AISC by 23% QoQ to $1706/oz. With a full year production of 715koz for gold and 66kt of copper at an AISC of $1717/oz, the company ended the year with a net cash position of $1.35 billion.

Guidance for FY27 will be released with full year results while the management already expects 4-5% of inflation in AISC, leading to higher mine-development and exploration spending.

EVN has a current market capitalisation of $28.06 billion with a dividend yield of 2.38%, positioning it as an attractive investment opportunity for investors seeking a hedge against gold along with regular income.

Ramelius Resources Limited (ASX: RMS),

As on 29 July 2026, delivered an impressive end to FY26, with quarterly gold production rising 40% QoQ to 53,466oz at an AISC of $1,973/oz which was supported by the ramp-up of the high-grade Never Never underground mine.

Production for the year reached 192,182oz which was within the guidance for sixth consecutive year. The underlying free cash flow stood at $138.3 million with cash and gold holdings increased to $649.6 million, providing flexibility for growth investments and shareholder returns. The company also completed $140.7 million of share buybacks during FY26 and paid fully franked dividends. With a market capitalisation of approximately $6.98 billion, Ramelius is progressing major growth projects including Dalgaranga, the Mt Magnet plant expansion and Rebecca-Roe.

With a strong balance sheet, expanding production pipeline and sustained exploration investment, Ramelius appears well positioned for long-term production growth and could offer an attractive opportunity for investors seeking exposure to a growing Australian gold producer.

(Source: Company Announcements)