ASX Gold Mining Stocks to Buy in November

Gold is glittering again for these promising gold players after a solid run of quarterly results and project milestones which presents an opportunity for investors to add them to their portfolios in November.

Gold Mining Stocks to Buy in November

Northern Star Resources (ASX: NST)

Evolution Mining Limited (ASX: EVN)

Kingsgate Consolidated Limited (ASX: KCN)

Santana Minerals Limited (ASX: SMI)

Northern Star Resources (ASX: NST)

started fiscal 2026 with a solid operational quarter as gold sold for the September quarter was 381000 ounces at an all-in sustaining cost of $2522 per ounce which was better than expected.

Group underlying free cash flow for the quarter was $14 million and net mine cash flow stood at $183 million reflecting the benefit of higher gold prices.

Northern Star is currently holding cash and bullion worth $1.51 billion and net cash of $616 million after paying $416 million in dividends which shows the strength of its balance sheet.

Northern Star is expecting gold sales between 1.7 and 1.85 million ounces at an AISC of $2300 to $2700 per ounce for FY26.
Growth capital spending for the year is projected between $2.12 billion and $2.27 billion including major projects such as the KCGM Mill Expansion and Hemi Development Project.

Evolution Mining Limited (ASX: EVN)

has done well recently as gold production for the September quarter came in at 174000 ounces along with 18000 tonnes of copper.

The company achieved an all-in sustaining cost of $1724 per ounce which was in line with guidance.

The company’s cash balance increased to $780 million after paying down $170 million in debt and net mine cash flow hit a record $366 million along with $676 million in operating mine cash flow.

The company has now fully repaid all bank term loans and does not have any repayments due until fiscal 2029.

Across its portfolio Evolution is advancing several growth projects including the Bert pre-feasibility study at Ernest Henry which is due for completion by December.

Kingsgate Consolidated Limited (ASX: KCN)

had a phenomenal September quarter driven by record performance at its Chatree Gold Mine in Thailand. 

The mine produced 23922 ounces of gold and over 205000 ounces of silver which represented an 18 percent increase in gold production from the previous quarter.

Gold sales reached 26322 ounces and silver sales stood at 216000 ounces at an average realised price of US$3461 per ounce for gold and US$39.53 for silver.

Kingsgate’s financial position strengthened with cash and bullion holdings rising 36 percent to $115 million at quarter end and operating cash flow from Chatree reached $46 million driven by higher production volumes and metal prices. 

The company repaid debt under its Nebari loan facility reducing the balance to $48.6 million while maintaining good enough liquidity for its projects.

Santana Minerals Limited (ASX: SMI)

on 05 November received a big boost after being granted a 30-year mining permit for its Bendigo-Ophir Gold Project in Central Otago, New Zealand.

The September quarter was one of major progress for Santana Minerals as it moved its flagship Bendigo-Ophir Gold Project closer to commercialisation.

The company released an updated Pre-Feasibility Study which projected an after-tax net present value of around $2.05 billion at a gold price of $6000 per ounce.

Santana completed a fully underwritten $60 million capital raise and the company ended the quarter with approximately $100 million in cash which ensures a good position to move into the next phase of development.

(Source: Company Reports)