ASX 100 gold mining stocks that need to be watched

Gold prices have stayed firm in recent months driven by macro uncertainty and sustained investor interest directly supporting cash flows across gold producers. This favourable backdrop has also played out in the equity markets with several gold stocks delivering strong rallies over the past one to two months as investors responded to better earnings visibility and strengthening balance sheets.

ASX 100 gold mining stocks

Newmont Corporation (ASX: NEM) 

Evolution Mining Limited (ASX: EVN) 

Genesis Minerals Limited (ASX: GMD) 

Newmont Corporation (ASX: NEM) 

released September quarter results in October 2025 reflecting solid financial performance supported by the elevated gold prices. 

The company recorded revenue of around $5.5 billion during the quarter driven by gold production of approximately 1.4 million ounces. 

Cost control remained stable with AISC largely in the mid $1,500 per ounce range helping maintain healthy margins.
Strong operating performance translated into robust cash generation with cash balances exceeding $5 billion at period end and continued shareholder return including $0.25 per share dividend.

The improving earnings visibility has also reflected in stock performance with the company shares rising by around 16-17% over the past one month.

 With a market capitalisation of roughly $197 billion steady quarterly execution and improving sentiment have supported the recent move.

Evolution Mining Limited (ASX: EVN) 

released December 2025 quarter update in January 2026 highlighting another period of the strong operational delivery. 

Gold production during the quarter stood at around 190 thousand ounces while operating mine cash flow exceeded $1 billion benefiting from higher realised gold prices.

Cost discipline remained a key highlight with AISC close to $1,300 per ounce placing the company among the lowest cost producers in the sector. 

The company ended the quarter with close to $1 billion in cash and low gearing.
Supported by record cash flows the company’s stock has seen a strong rally of roughly 16-17% over the last one month. 

With a market capitalisation of approximately $29 billion improved cash generation has clearly reflected in market performance.

Genesis Minerals Limited (ASX: GMD) 

released its latest operational and financial update in November 2025 reflecting the strong momentum across its operations. 
The company generated revenue of around $920 million supported by the higher production and the favourable gold prices.

Cash flows improved alongside rising output helping fund ongoing mine development and infrastructure activities while liquidity remained adequate despite elevated capital spending.

The improving financial performance has been mirrored in the stock which has gained around 170% in one year. 
With a market capitalisation of approximately $9billion the company has emerged as one of the stronger performers among Australian mid-tier gold stocks in recent weeks.

(Source: Company Announcements)