Top 2 ASX 200 Gold Stocks to watch

Australia’s gold sector remains in focus as miners continue to deliver strong performance despite recent volatility in gold prices.

Newmont Corporation (ASX: NEM)

Newmont Corporation (ASX: NEM), on 24 July 2026, announced an unfranked interim dividend of US$0.26 per share, to be received on 28 September 2026. It reflects a strong move showing management confidence in company’s operations. Newmont is one of the world’s largest gold producers along with producing various other metals like copper, zinc, etc. The company has a market capitalization of around US$144.04 billion which justifies it being one of the leading producer in the world.

It has recently reported its Q2 2026 results, highlighting strong operational and financial performance. The company produced approximately 1.3 million gold ounces during the quarter while generating a record second quarter FCF of US$2.2 billion. Newmont remains on track with its guidance for 2026 and ended the quarter with a net cash balance of US$3.4 billion and a total liquidity of approximately US$13 billion.

A key strength of Newmont lies in its portfolio of Tier 1 assets which includes Cadia, Tanami, Boddington and Lihir as they are expected to drive long-term production at effective costs. Along with the successful integration of Newcrest, the company continues to invest in major expansion projects and extension of mine life. All these activities strengthens company’s production profile and cash flow generation. 

Regis Resources Limited (ASX: RRL)

Regis Resources Limited (ASX: RRL) is a leading unhedged gold producer in Australia running operations around the Duketon Gold Project and has a 30% stake in the Tropicana Gold Mine which is a very low cost and have been operating from a very long time. The company has a market capitalization of approximately $4.80 billion and has built its reputation around meaningful capital allocation and operational efficiency which enables it to maintain a strong balance sheet. The company also invests heavily in exploration, mine development and resource conversion to scale its operations.

Regis published its quarterly report on 24 July 2026, signalling a strong finish to FY2026, producing 101,500 ounces of gold in the June quarter and a total of 379,000 ounces for the full year which matches the top end of its production guidance. Gold sales totalled 107,000 ounces which was supported by strong performance at both Duketon and Tropicana. The company ended the year with a record cash and bullion balance of $1.21 billion which reflects its robust cash generation and financial strength. 

Despite the positive results the stocks fell by around 6% on 24 July 2026, most certainly due to the focus of investors on FY2027 guidance which expects lower production and higher sustaining costs because of increased mine development and waste stripping. However, these are aimed at supporting future production. With a debt free balance sheet, strong cash flows and continued leverage to elevated gold prices, Regis remains well positioned for long-term growth. 

(Source: Company Announcements)