With Iran- Israel unrelenting in their conflict so far, investors are again rushing to safe haven assets. This in turn, is making gold and stocks of top gold companies surge to new highs. Some of the best gold stocks are
Pantoro Gold Limited (ASX: PNR)
Unlocking Gold Potential in Western Australia’s Premier Mining Belt
Pantoro Gold Limited, among the growing companies to invest in, is a focused gold producer based in Western Australia, dedicated to unlocking the full potential of its wholly owned Norseman Gold Project. Spanning approximately 800 square kilometres within the highly prospective Norseman-Wiluna Greenstone Belt, the project carries a rich legacy, having delivered over 6 million ounces of gold to date. Today, the project boasts a 4.8 million-ounce Mineral Resource and a processing plant operating above its 1.2 million tonnes per annum capacity. The company is generating consistent output from its OK and Scotia underground mines, alongside the newly restarted Princess Royal open pit. During the March 2025 quarter, Pantoro Gold Limited recorded an EBITDA of $46.4 million, with gold sales averaging $4,540 per ounce and an all-in sustaining cost (AISC) of $2,427 per ounce. The company exited the quarter with $132.4 million in cash and gold, and it is now debt free following the early repayment of a US$6.26 million loan in May 2025.
Momentum is building as Pantoro Gold Limited ramps up activity across multiple fronts. At Scotia, full run-rate production was achieved with 35,000 tonnes at 4.1 grams per tonne mined in April 2025. The OK Underground Mine remains steady at approximately 40,000 ounces per annum. Open pit mining at Princess Royal is progressing well, and Gladstone is being prepared for future production. The Bullen Decline rehabilitation has reached 2,758 metres with underground drilling underway. Exploration at Mainfield and Polar Bear Peninsula continues to deliver promising high-grade results. Q4 production guidance is 23,000 to 26,000 ounces, and FY26 guidance will be released in June. With plans to exceed 200,000 ounces per year, Pantoro Gold Limited is firmly on the path to significant long-term growth.
Turaco Gold Limited (ASX: TCG)
Advancing High-Grade Discoveries and Expanding Gold Resources in Côte d'Ivoire
Turaco Gold Limited is rapidly progressing in Côte d'Ivoire, achieving key milestones at its flagship Afema Gold Project, which stands as a central pillar in the company’s growth strategy. With an 80 percent interest in a landholding that spans over 1,600 square kilometres, the company is unlocking value along the eastern margin of the Sefwi Gold Belt. The JORC-compliant Mineral Resource now totals 3.55 million ounces, spanning key deposits including Woulo Woulo, Jonction, Anuiri, and Asupiri. Recent drilling at Toilesso, 2 kilometres north of Jonction, delivered results including 25m at 1.75g/t from 126m and 3m at 6.67g/t from 45m, reinforcing the high-grade nature of the system. A new zone discovered 400m south of Jonction with 7m at 1.56g/t from 126m further supports the continuity of mineralisation. These intercepts build on a successful GAIP survey which has already mapped over 8km of strike and has been expanded to 12km, identifying several untested targets along the Afema Shear.
With three drill rigs active and over 70,000 metres of drilling scheduled for 2025, Turaco is accelerating exploration. A third rig is now being mobilised for geotechnical drilling in support of the Afema pre-feasibility study, while results from ongoing soil sampling and the extended GAIP survey are expected to define new zones of interest. Financially solid with over A$30 million in cash and investments, Turaco is strategically placed to push forward. As the company builds on its already significant 3.55Moz resource, the stage is set for another year of strong growth and discovery.
(Source: Company Announcements)
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