2 ASX 200 gold stocks jumping higher
The following two ASX gold stocks shined on Tuesday as they surged regaining momentum driven by their exceptional operating performance and long-term positive outlooks.
Genesis Minerals Limited (ASX: GMD)
is a solid ASX gold stock and surged 3% at the time of writing on Tuesday which shows a recovery in momentum after a decline caused by correction in gold prices.
The company in 1H FY26 reported outstanding results as revenue rose 142% year-on-year to $820.3 million while EBITDA grew 172% to $418 million which reflects strong operational performance.
Net profit after tax reached $238 million which is nearly four times higher because of increased gold production of 147,139 ounces which is up 58% along with strong realised gold prices.
Key metrics show AISC at $2,578 per ounce while operating cash flow stood at $387.5 million and cash and bullion reached $373.3 million which is supported by zero corporate debt.
Recent updates highlight strong January 2026 production while $134.9 million has been invested in growth and exploration and Tower Hill development is ahead of schedule which supports future expansion plans.
The outlook for FY26 is positive as production guidance stays at 260,000 to 290,000 ounces and the company is well placed to benefit from long-term currency debasement trend.
Westgold Resources Limited (ASX: WGX)
has surged 2.5% at the time of writing on Tuesday and has regained momentum after a short decline which happened because gold prices corrected while the company now has a market capitalisation of $5.82 billion.
The company in H1 FY26 delivered record financial performance where revenue rose to $1,238 million from $624 million in the previous corresponding period while underlying NPAT increased sharply to $314 million from $57 million.
A strong rise was also seen in underlying EBITDA which reached $612 million from $224 million which shows better operating leverage and improved margins.
Key metrics show gold production at 195koz while operating cash flow exceeded $532 million and the company recently set up a $600 million unsecured revolving credit facility which improves liquidity and also gives flexibility for future growth funding.
FY26 guidance remains at 345,000 to 385,000 ounces while there is a clear plan to lift production to 470koz over the next three years which also aims to lower costs.
(Source: Company Announcements)
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