Gold Reclaims $4,000: 3 ASX Gold Stocks to Consider Buying

The following three ASX gold stocks are worth buying as gold reclaims $4,000. The three companies have its own strengths, good financial positions and growth plans which makes them an attractive buy :-

1. Northern Star Resources Limited (ASX: NST) is one of Australia’s major gold producers. It is involved in exploration, mining, development, processing of gold deposits and the sale of refined gold. It has three main production centres, namely, Kalgoorlie, Yandal and Pogo.

The company has a market capitalisation of $33.64B. In September 2026 quarter, it sold 364koz gold at an AISC of $3,217/oz and all three production centres generated positive net cash flows. The net mine cash flow was $210M.

In September quarter, Kalgoorlie Production Centre sold 193.54koz gold at an AISC of $2,919/oz. Its Yandal Production Centre sold 117.631koz gold at an AISC of $3,687/oz followed by Pogo Production Centre gold sales of 52.72koz at an AISC of US$2,307/oz.

For the quarter, the average gold sales price realised by NST was $4,999/oz and generated gold sales revenue of $1,819M. At 30 September 2026, its cash balance stood at $968M followed by Bullion at $232M.

The quarter saw the completion of the KCGM mill tie-in on 28 September and the commissioning of integrated plant is in its early stages and the focus remains on establishing stable, sustained operating performance.

For FY27, the company expects to sell 1,500-1,650koz of gold at an AISC of $3,050-3,450/oz and expects the production to rise in second half. KCGM Mill Expansion Project’s Stage II is commissioned to schedule for early H2FY27. The Hemi Project is also advancing with a final investment decision pending and remains on track for late FY27.

2. Evolution Mining Limited (ASX: EVN) is a leading and globally relevant gold miner. It is engaged in exploration, mine development and operations and sale of gold and gold copper concentrate in Australia and Canada.

The company has a market capitalisation of $23.74B. It operates a total of six mines, out of which, five are wholly owned mines, namely, Cowal, Ernest Henry, Mt Rawdon, Mungari and Red Lake, and it has an 80% share in Northparkes.

EVN’s underlying net profit after tax was $1,562.9M representing a 63% improvement over FY25 followed by a 44% increase in its underlying EBITDA to $3,171.3M. The Group’s annual cash flow surged 76% from $787M in FY25 to $1,389.2 in FY26. It produced 715koz of gold and 66kt of copper at an AISC of $1,717/oz. Its cash at 30 June 2026 stood at $1,347.5M.

At the end of FY26, the Group’s all projects aligned with its budget and schedule. In February 2026, the Board approved the development of the E22 block cave, the Coarse Particle Flotation Project and a Mill Expansion Study. On 27 July 2026, it announced the expansion of copper growth opportunities at Ernest Henry through the acquisition of Carnaby Resources Limited.

Evolution Mining expects its Bert development project at Ernest Henry to begin its first production in FY29. The Regal portal that is a second underground access at Cowal remains on track for completion by start of H2FY27. The Mill Expansion study in Northparkes is assessing a pathway to process the capacity of 10Mtpa or more and is expected to complete by the end of FY27.

3. Perseus Mining Limited (ASX: PRU) is a gold producer company. Aside from mining activities, it is also involved in exploration, evaluation and developmental activities. It has its operations in West Africa and a development project in Tanzania.

Perseus Mining operates three gold mines, namely, Yaoure Gold Mine, Edikan Gold Mine and Sissingue Gold Complex. Along with this, it has a development project called Nyanzaga Gold Project.

The company has a market capitalisation of $7.71B. In September quarter, it produced 92,551oz gold at an AISC of US$2,035/oz and recorded a cash margin of US$1,846/oz. PRU has a strong balance sheet and remains debt free. It reported a notional cash flow of US$171M, while its net cash and bullion were US$900M at the end of September 2026 quarter.

During the quarter, the cutbacks progressed for Fetish and Esuajah North (ESN). On 1 July 2026, the commercial production at the CMA Underground in Yaoure commenced. The company continued to make progress on its Nyanzaga project and 88% construction was completed by September 2026.

For FY27, PRU expects a production of 420,000-480,000oz gold at an AISC of US$1,835-2,070. Its Nyanzaga project is also expected to produce gold in January 2027. The company is also planning to return capital to shareholders at a proposed special distribution of $100M followed by an upscale buyback of $350M.

(Source: Company Announcements)