Gold has been climbing higher, with one factor after another pushing the rise. The latest being expectation of rate cuts weakening the dollar and making gold more sought after. The Central banks steadily adding gold to their reserves has been an added catalyst.
These ASX gold stocks are signaling further growth potential.
Genesis Minerals Ltd (ASX: GMD)
Evolution Mining Ltd (ASX: EVN)
Bellevue Gold Ltd (ASX: BGL)
Resolute Mining Ltd (ASX: RSG)
New Murchison Gold Ltd (ASX: NMG)
Genesis Minerals Ltd (ASX: GMD)
is building a strong momentum with impressive drilling results across its Laverton and Leonora projects, showcasing its strategy of organic resource expansion. The company is confident that it will find more value, as demonstrated by the more than double increase in its exploration budget for FY26 from A$19 million to A$40–50 million. Through high-quality intercepts at Jupiter, Beasley Creek, and Gwalia supporting growth potential, the early results are already outstanding. Beasley Creek is showing promise as a baseload ore source, and mining has resumed at the Jupiter open pit. Excellent grades at Gwalia attest to its reputation as the "Heart of Gold." Genesis is in a strong position for plant expansion, higher output, and long-term shareholder value due to the A$250 million Beasley Creek acquisition.
Evolution Mining Ltd (ASX: EVN)
has demonstrated its strong operational and financial execution with a record-breaking FY25 performance. A strong EBITDA of $2,161 million and a healthy 51% margin helped the company report a record underlying profit of $958 million. Group cash flow jumped to $787 million, and net profit after taxes reached $926 million. In addition to 46 cps in earnings per share, shareholders received a final dividend of 13 cps, which nearly tripled year over year. Operationally, Evolution maintained a sector-leading AISC of $1,572/oz while producing 751koz of gold and 76kt of copper, meeting expectations. Through the approval of Cowal OPC and the early and cost-effective delivery of the Mungari expansion, Evolution is in an excellent position to maintain growth and increase long-term shareholder value.
Bellevue Gold Ltd (ASX: BGL)
is firmly positioned for growth, underpinned by its long-life, high-grade asset with 1.3Moz ORE and 3.1Moz MRE. The company is on track to achieve sustainable production growth, supported by a solid balance sheet that includes A$152 million in cash and gold and no debt repayments until 2027. Through the help of several production areas, including Deacon, Viago, and Deacon North, ramp-up is almost finished, and output is expected to increase to 175–195 koz annually by FY27. Untested targets of 1.5 to 2.5 moz offer additional upside, and exploration potential remains strong. Bellevue is in a strong position to enhance operational resilience, boost cash flow, and provide long-term shareholder value because of its renewable-powered infrastructure, net zero Scope 1 and 2 emissions already achieved, and plant expansion options.
Resolute Mining Ltd (ASX: RSG)
has delivered a strong H1 2025 performance, with revenue rising to $447.5 million from $341.5 million last year, supported by gold sales of 145,120oz at an average price of $3,076/oz. Production costs decreased to $174.9 million due to increased productivity which led increasing EBITDA by 81% to $211.1 million. Due to improved margins and operational efficiency, net profit after taxes more than doubled to $71 million. Additionally, the company reported an important resource upgrade at the Doropo Gold Project in Côte d'Ivoire, raising its Mineral Resource Estimate by 28% to 4.4Moz. Resolute is constructing a strong growth pipeline with extended mine life and long-term value creation as a result of the Mako mine in Senegal operating well and new projects moving ahead.
New Murchison Gold Ltd (ASX: NMG)
has achieved a key milestone with the first gold-bearing ore from Crown Prince crushed, assayed, and stockpiled. As per the Ore Purchase Agreement, NMG is formally getting into the gold production company with the delivery of the first 10kt parcel to Westgold's Bluebird processing facility. By September or October, the company anticipates to reach a monthly run rate of 40,000 tonnes as operations pick up speed, setting itself up for long-term success as a new gold producer in Australia. Additionally, the results of the Crescent Prospect show that there is significant room for resource growth and that mineralisation goes beyond past workings. Important intercepts have already been confirmed by NMG's drilling, and future programs will test both up and down dip extensions. The company's exploration pipeline and future production profile could be improved if this work unlocks further high-grade zones.
(Source: Company Announcement)
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.
