The gold prices struck a new record high, underpinned by a softer dollar and lower Treasury yields. Such high gold prices generally lead to increased profitability for gold miners and gold shareholders. The below given ASX gold stocks are a good buy in current situation
WestGold Resources Limited (ASX: WGX)
has recently received an order of 10 thousand tonnes of stockpile for processing in the company’s Bluebird gold processing unit from NMG (New Murchison Gold Limited). This company has planned to ramp up its production, which means more gold will be processed and hence leading to more cash flows. WGX has 4 processing hubs in WA with a capacity of 6 million tonnes per annum, out of which three hubs are in contract with Murchison and one is with Southern Goldfields. The company has cash, bullion, and liquid investments of $364 million. It has well well-structured plan for the development of its unit to increase cash flow in FY26.
Western Gold Resources Limited (ASX: WGR)
is progressing towards its production plan towards the end of 2025. The company has confirmed the grade control at its Gold Duke Project and has commenced with infill drilling operations, marking a significant step forward towards FID of the project. During the year, WGR has entered into a toll agreement with WMS for 24 months and an extension of 6 months. This led to the speed-up of gold production in the Gold Duke project. Moreover, the scoping study showed a 617 percent IRR at $3500 per ounce of gold.
Perseus Mining Limited (ASX: PRU)
has a compelling profile because the last three-year average EBITDA Margin of the company is 59.3 percent, which is higher than ASX peers' median and the international peers' median. Moreover, it has reported a ROCE of 20.3 percent, again better than its peers' median. PRU has delivered robust results this year, with notable cash flow increasing to USD650 million underpinned by a reduction in AISC cost to USD 1235 per ounce and an increase in average gold price to USD 2543 per ounce. Earnings per share increased by 14 percent to 27.02 cents per share.
Felix Gold Limited (ASX: FXG)
drilling operations have resulted in high-grade resources with very strong antimony grades of 15.7m @ 5.1 percent Sb and a peak of 79m @ 24.9 percent Sb. Surface exposure at the NW Array site confirms the presence of rich and high-quality mineralisation. It has also discovered a new breccia zone showing mineralisation at shallow depth. This means the company will have a lower cost of drilling. It has shown progress on US smelting facilities, with site selection under discussion with the US Government. It is well-positioned for production between late 2025 to early 2026.
(Source: Company Announcements)
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