5 Undervalued Gold Stocks ASX to buy After the Metals Crash - EVN, WGX, PRU, RMS, NST
(Image source: Canva)
These mining companies continue to show growth through strong gold production, healthy cash positions, expanding projects and steady progress towards their FY27 production targets :-
- Evolution Mining Ltd (ASX: EVN)
- Perseus Mining Ltd (ASX: PRU)
- Northern Star Resources Ltd (ASX: NST)
Investors looking to identify the best ASX stocks to buy now can explore the latest market insights, stock analysis and investment opportunities from Veye Research. Explore the latest ASX market insights.
Evolution Mining Ltd (ASX: EVN)
Evolution Mining Ltd (ASX: EVN), on 14 October 2026, shared its September 2026 Quarterly Report, recording gold production of 154koz and copper output of 18kt. AISC stood at $1,653/oz, with FY27 guidance maintained. Operating and net mine cash flow reached $775M and $466M, while group cash flow was $185M. Net cash improved to $141M.
Growth projects at Cowal, Northparkes and Ernest Henry remained on schedule and budget. Northparkes received $72M approval for its regrind and filtration project, targeting improved recoveries and returns of 30-37%.
Exploration spending reached $24M. Ernest Henry drilling intersected 61.3m at 1.26% copper and 0.77g/t gold. Drilling at Clisbako is scheduled to begin in the December quarter.
Westgold Resources Limited (ASX: WGX), on 21 October 2026, shared its September 2026 Quarterly Report, recording gold production of 98.4koz at an AISC of $2,912/oz. Ore stockpiles increased 51% to 696kt, while FY27 production guidance remained unchanged.
Mine operating cash flow reached $292M with Treasury rising to $1,040M. The company remained debt-free and fully unhedged. Ore Reserves grew 41% to 4.1Moz, including Fletcher’s maiden reserve.
The $50M share buy-back was approved with $22M completed. The 4-5-6 strategy targets ~500koz annual production by FY29.
Perseus Mining Ltd (ASX: PRU)
Perseus Mining Ltd (ASX: PRU), on 27 October 2026, shared its September 2026 Quarterly Report, producing 92,551oz of gold at an AISC of US$2,035/oz. Gold sales reached 99,661oz at US$3,881/oz, generating US$171M in notional operating cash flow.
Cash and bullion stood at US$900M with listed securities worth US$338M. Yaoure CMA Underground achieved commercial production, while Nyanzaga reached 88.4% completion.
PRU maintained FY27 guidance of 420,000–480,000oz at US$1,835–2,070/oz. The production expected to increase during the year's second half.
Ramelius Resources Ltd (ASX: RMS)
Ramelius Resources Ltd (ASX: RMS), on 26 October 2026, shared its September 2026 Quarterly Report. The company produced 48,839oz of gold at a cost of A$2,656/oz. Its cash and gold balance increased to A$768M. The operating cash flow reached A$186M.
The company completed the Edna May sale for A$300M and continued upgrading the Mt Magnet plant. Exploration spending was A$22.7M.
RMS maintained its FY27 production target of 205,000–225,000oz. RMS aims to produce over 600,000oz by FY30.
Northern Star Resources Ltd (ASX: NST)
Northern Star Resources Ltd (ASX: NST), on 21 October 2026, shared its September 2026 Quarterly Report, recording gold sales of 364koz at an AISC of A$3,217/oz. Net mine cash flow reached A$210M, with cash and bullion of A$1,200M.
The KCGM mill expansion tie-in was completed, and commissioning began. Stage II commissioning is planned for early FY27's second half.
FY27 production guidance remained at 1,500–1,650koz, with AISC of A$3,050–3,450/oz. Total capital investment is expected to reach A$2,550–2,935M.
(Source: Company Report)
Get Your Free Report on Top 5 ASX Stocks on WhatsApp
Instant Access. No Credit Card Required.
Receive on WhatsApp
TOP ASX STOCKS WORTH WATCHTING
- ✓ Instant Access
- ✓ No Credit Card Required
- ✓ Free to join · No spam
Free to join · No spam · Unsubscribe anytime
By providing your details, you agree to Veye's Terms & Conditions, Privacy Policy, and Financial Services Guide and to receive marketing offers. Before you access our services, please read the Financial Services Guide available here.
ASX Stock Research & Recommendations — 7‑day free trial
Independent, analyst‑driven insights.
- Stock of the week report
- Daily Analysis Report
- No credit card required
Get Your FREE Report
Discover the Top ASX Stocks to Invest In 2026!
Expert Analysis of Top-Performing ASX Stocks
Market Insights and In-Depth Research
Buy, Sell, And Hold Recommendations
Almost There!
Enter your details to download the report
Success!
Preparing your download...
Latest Article
Disclaimer
Veye Pty Ltd(ABN 58 623 120 865), holds (AFSL No. 523157 ). All information provided by Veye Pty Ltd through its website, reports, and newsletters is general financial product advice only and should not be considered a personal recommendation to buy or sell any asset or security. Before acting on the advice, you should consider whether it’s appropriate to you, in light of your objectives, financial situation, or needs. You should look at the Product Disclosure Statement or other offer document associated with the security or product before making a decision on acquiring the security or product. You can refer to our Terms & Conditions and Financial Services Guide for more information. Any recommendation contained herein may not be suitable for all investors as it does not take into account your personal financial needs or investment objectives. Although Veye takes the utmost care to ensure accuracy of the content and that the information is gathered and processed from reliable resources, we strongly recommend that you seek professional advice from your financial advisor or stockbroker before making any investment decision based on any of our recommendations. All the information we share represents our views on the date of publishing as stocks are subject to real time changes and therefore may change without notice. Please remember that investments can go up and down and past performance is not necessarily indicative of future returns. We request our readers not to interpret our reports as direct recommendations. To the extent permitted by law, Veye Pty Ltd excludes all liability for any loss or damage arising from the use of this website and any information published (including any indirect or consequential loss, any data loss, or data corruption) (as mentioned on the website www.veye.com.au), and confirms that the employees and/or associates of Veye Pty Ltd do not hold positions in any of the financial products covered on the website on the date of publishing this report. Veye Pty Ltd hereby limits its liability, to the extent permitted by law to the resupply of services.
