Investors queuing up for safe haven assets are also looking for gold companies to invest in. However, some ASX gold companies have an extra advantage. Either these have unhedged to pocket maximum gains from surging gold prices or have reduced the AISC to increase profitability. Best gold mining stocks are
Kingsgate Consolidated Ltd (ASX: KCN)
During the March 2025 quarter, Kingsgate Consolidated Ltd (ASX: KCN) achieved its fourth consecutive quarter of gold production growth at the Chatree Gold Mine, producing 20,628 ounces of gold and 161,523 ounces of silver. Ore mined rose by 23% to 1.34 million tonnes due to increased activity in the A West zone of the pit. By reduced reliance on stockpiles, the majority of ore feed was sourced directly from mining operations. The mine’s tailings management also progressed with the completion of Lift 7 of TSF #2 in April, while construction of Lift 8 is scheduled for November. Dewatering operations continue to ensure sustainable access to ore, with water levels managed six months ahead of mining plans.
The company reported a 13% reduction in its AISC to US$1,839 per ounce resulting in a record AISC margin of US$1,036 per ounce. Gold sales touched 20,000 ounces at an average price of US$2,875 per ounce, while silver sales totaled nearly 150,000 ounces at US$31.65 per ounce. The improved cost structure combined with strong commodity prices, contributed to a 36% increase in available cash and bullion, totaling A$59.5 million. This financial strength supports the KCN recently announced on-market share buy-back as part of its capital management strategy.
Processing plants operated above nameplate capacity, reaching an annualised throughput rate of 5.5 million tonnes. Exploration advanced in the South East Complex with over 14,000 meters of drilling completed. Safety systems were also enhanced with the implementation of INX InControl, and plant availability exceeded expectations at 96.7%, reinforcing operational reliability.
Emerald Resources NL (ASX: EMR)
Emerald Resources NL is focused on gold project operations and development with a team that has a history of building projects on schedule and within budget. The company's portfolio includes the Okvau Gold Mine in Cambodia which was commissioned in 2021, and exploration projects in Cambodia and Australia. The reserves at Cambodia's Okvau Gold Mine have increased. The Memot Project and The Dingo Range Gold Project in Western Australia is located on the Dingo Range greenstone belt and has also demonstrated resource potential.
Emerald Resources NL is committed to ESG principles, focusing on positive impacts on environmental and social values and aiming for carbon-neutral operations in Cambodia.
The company's financial results for the half-year ended December 31 show that revenue from ordinary activities increased by 36% ($176,749 to $239,734). The profit after tax attributable to the owners increased by 45% ($41,103 to $59,670) driven by increased gold production and higher gold prices.
The Okvau Gold Mine produced 19,062oz of gold for the March 2025 quarter. However, production was below guidance due to accelerated earthworks and lower ore grades. The All-In Sustaining Costs (AISC) for the March 2025 Quarter was US$1,321/oz. Production is projected to increase in subsequent quarters.
Emerald Resources NL has a strong financial position with $209.5M (US$131.6M) in cash and bullion as of March 31. The company has also repaid its Okvau Debt Facility and is now debt-free. Emerald Resources NL completed the divestment of its Southern Cross Gold Project to Golden Horse Minerals Limited making Emerald the largest shareholder in Golden Horse with a 20.5% holding. The company's outlook includes ongoing feasibility studies and development work at the Memot Gold Project and the Dingo Range Gold Project with development expected to commence in 2025. Emerald Resources NL aims to become a multi-mine, +300Kozs per annum gold producer.
(Source: Company Announcements)
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