ASX Stocks Trading Near 52 Week High
The following ASX stocks are trading near their 52-week highs after strong rallies driven by robust commodity prices and solid operational performance.
Regis Resources Limited (ASX: RRL)
Regis Resources Limited (ASX: RRL) has surged around 156% over the past 12 months due to massive rally in gold prices and a sharp improvement in cashflows.
In its December 2025 quarterly update released on 22 January 2026, Regis reported gold production of 96.6koz at an all in sustaining cost of $2,839 per ounce across its Duketon and Tropicana operations.
This solid operating performance led to record operating cash flow of $419 million for the quarter, supported by gold sales of 99.5koz at an average realised price of $6,436 per ounce.
Cash and bullion rose to $930 million as of 31 December 2025 even after the company paid $38 million in fully franked dividends and deployed capital towards growth projects and exploration.
The company is now valued at a market capitalisation of about $6.34 billion and the company reaffirmed FY26 production guidance of 350 to 380koz.
South32 Limited (ASX: S32)
South32 Limited (ASX: S32) has surged almost 35% over the past 12 months, helped by stronger commodity prices and the company now has a market capitalisation of $20.82 billion.
In its December 2025 quarterly update released on 22 January 2026, South32 maintained FY26 production guidance across all operated assets with first half operating unit costs tracking in line with or below guidance.
Alumina production rose by 3% and aluminium production increased by 2% during the December 2025 half year as Hillside Aluminium continued to test maximum technical capacity while Mozal Aluminium stopped pot relining ahead of its shift to care and maintenance from March 2026.
Manganese production climbed by 58% in the December 2025 half year as Australia Manganese returned to normal production levels.
During the half year, South32 returned US$152 million to shareholders through dividends and share buybacks and has a current annual dividend yield of 2.01%.
Develop Global Limited (ASX: DVP)
Develop Global Limited (ASX: DVP) has surged around 92% over the past 12 months as stronger commodity prices and solid execution across operations lifted investor confidence while the company now has a market capitalisation of $1.69 billion.
In its December 2025 quarterly report released on 28 January 2026, the company confirmed that the Woodlawn copper zinc mine is on track to reach steady state production in the March 2026 quarter.
Woodlawn delivered a record 59,000 tonnes processed in December while quarterly revenue rose 98.5% to $39.1 million which was driven by higher grades, better recoveries and the first bulk shipments of copper and zinc concentrates.
At the Sulphur Springs zinc copper project in Western Australia, underground decline development moved ahead strongly and management is targeting a Final Investment Decision in the June 2026 quarter which is supported by a pre-tax NPV of $921 million from the updated DFS.
The company secured a major five-year contract worth around $200 million with OceanaGold and the balance sheet is solid with cash of $179.9 million at the end of December 2025.
(Source: Company Reports)
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