ASX gold mining stocks 2026

Gold is in a long-term structural bull run and the following ASX gold stocks appear attractive today because of their compelling valuations and very promising earnings prospects.

Best ASX gold mining stocks 2026

Northern Star Resources Limited (ASX: NST) 

Genesis Minerals Limited (ASX: GMD) 

Perseus Mining Limited (ASX: PRU) 

Northern Star Resources Limited (ASX: NST) 

is one of the best ASX gold stocks to buy and has a current market capitalisation of $28.90 billion while current annual fully franked yield is 2.72%.
The company on 3 June 2026 released its annual Mineral Resources and Ore Reserves statement which showed strong growth across its gold asset portfolio as total Mineral Resource rose 26% to 88.9 million ounces.

Ore Reserves increased to 28.4 million ounces which was up by 27% and the company added new resource ounces at an average discovery cost of less than $23 per ounce.
The company on 22 April 2026 reported its March 2026 quarterly results where gold sales reached 380,807 ounces at an all-in sustaining cost (AISC) of $2,709 per ounce which resulted in gold revenue of $2.01 billion.

The current price/earnings ratio is 17.2 and for the March 2026 quarter also reported underlying free cash flow of $301 million and net mine cash flow of $426 million.

Genesis Minerals Limited (ASX: GMD) 

is a solid ASX gold stock with very high potential backed by strong cash generation and market capitalisation is $6.19 billion.
The company reported an excellent March 2026 quarter with gold production of 67,497 ounces at an AISC of $2,685/oz which helped generate revenue of $439.4 million while cash and cash equivalents increased to $600 million with no bank debt.

Operational performance has been solid as FY26 year-to-date production reached 214,636 ounces at an AISC of $2,614/oz which keeps Genesis on course to achieve the midpoint of its FY26 production guidance range of 260,000 to 290,000 ounces.

Genesis between January 2025 and March 2026 generated underlying cash flow of $906 million including a record $253 million in the March quarter which reflects the quality of its assets and its disciplined approach to cost management.

The current price/earnings ratio is 15.31 and has a sector leading return on capital employed of 38% which makes it well placed to create long-term value for shareholders.

Perseus Mining Limited (ASX: PRU) 

is one of the top ASX gold stocks to buy because it will give access to strong production growth with robust cash generation and several growth opportunities.

The company in the March 2026 quarter produced 107,144 ounces of gold which was 21% higher than the previous quarter while notional operating cash flow jumped to US$252 million due to a strong realised gold price of US$4,143/oz.

Cash and bullion reached a record US$817 million and were further supported by US$254 million of listed investments.
The Nyanzaga Gold Project is on schedule for first gold in January 2027 while FY26 guidance has been maintained at 400,000 to 440,000 ounces of production with an AISC of US$1,600 to US$1,760 per ounce which reflects management's confidence in its operations.

The current market capitalisation is $6.76 billion and price/earnings ratio is 13.86 which means Perseus is undervalued given its debt-free position and multiple growth projects that are moving closer to production which support continued earnings growth and shareholder value creation in the years ahead.

(Source: Company Announcements)