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Gold stocks

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Gold stocks

Excluding Evolution, what are your top 3 ASX gold stocks at the moment and why? Cheers Derek

Answer

Hi Derek,

A very fluid answer which is likely to vary week to week depending on the price of the individual stocks in question but three we like today, with gold trading ~$A5,200 on Wednesday, are:

  • Northern Star (NST) – this major producer has struggled since trading above $23 in April, correcting well over 30%. The fall was largely justified after their FY26 guidance and 4Q production numbers coming in slightly below consensus while cost guidance was revised higher (~$A2500/oz) with its All-in Sustaining Costs (AISC) ~5% above expectations – a bad one, two, three! We feel NST should occupy one of the three spots on size and having already worked through some tough geological times.
  • Ramelius (RMS) – we like RMS as a very low-cost producer; for the full 2025 financial year, RMS produced 301,664 ounces of gold at an AISC of $A1,551 per ounce, which was at the lower end of its updated AISC guidance range. We can see RMS making new highs above $3 when gold punches to new highs – it’s even paying a more than 4% grossed up yield while you wait!
  • Regis Resources (RRL) – we’ve flagged RRL as a good risk/reward more aggressive play over recent months. We like RRL after its almost 30% correction from its June highs, a significant correction considering the precious metal has only slipped ~7% over the same timeframe, i.e. a classic crowded trade unwinding.

A fourth for good luck is out of favour Bellevue Gold (BGL), which could be a takeover target in a sector where it’s cheaper to buy a new mine than develop one.

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Northern Star Resources Ltd (NST)
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