Best ASX Gold Mining Stocks

These are three major gold mining stocks showing strong production, cash flow and long term growth potential.

Northern Star Resources Limited (ASX: NST)

on 22 April 2026, released its March 2026 quarter results report. The company sold about 381koz of gold at an AISC of A$2,709/oz. The net mine cash was A$426M and underlying free cash flow was A$301 million. Production improved across sites, with Kalgoorlie, Yandal and Pogo all contributing. KCGM mining moved closer to annual targets, helped by higher-grade areas, while Thunderbox showed strong growth.

FY26 outlook stayed above 1,500koz gold sold with AISC between A$2,600–2,800/oz. Growth spending is planned at A$2,315–2,425 million, while exploration remains around A$225 million. Production depends strongly on KCGM mill performance.

Balance sheet stayed strong with net cash of A$320 million after dividends, and cash plus bullion of A$1,183 million. A buy-back program of up to A$500 million was announced, starting 23 April, along with refinancing of a A$1,750 million facility extended to 2030–2031.

KCGM Mill Expansion is on track for early FY27 commissioning. Engineering work also continues on the Hemi Development Project while approvals progress.

Newmont Corporation (ASX: NEM)

on 24 April 2026 announced its first quarter results report. NEM produced about 1.3M gold ounces together with silver and copper. It achieved record free cash flow of $3.1 billion and operating cash flow of $3.8 billion. Net income was $3.3 billion and costs were $1,029 per ounce, helped by strong by-product earnings.

Full year 2026 gold production is expected to be around 5.3 million ounces with more output planned in the second half of the year. Some mines will perform better earlier in the year due to higher grades whereas others will increase production later.

The company returned $2.7 billion to shareholders through dividends and share buybacks and approved an extra $6.0 billion buyback program after completing the previous one.

NEM ended the quarter with the $8.8 billion in cash and $3.2 billion net cash. Spending on projects and capital is expected to increase future in 2026 due to planned development work and seasonal factors.

Evolution Mining Limited (ASX: EVN)

on 1 May 2026, shared its Mineral Resources and Ore Reserves statement as at 31 December 2025. The company achieved 31Moz of gold and 4.2Mt of copper in Mineral Resources. Ore Reserves were 12Moz of gold and 1.3Mt of copper. Gold resources and reserves increased during the year mainly from Cowal, Northparkes and Red Lake Tailings.

Exploration work continued to produce positive results. Drilling at Mungari extended high-grade mineralisation at Genesis and Arctic while drilling at Cowal identified additional opportunities that could support future mining activities. These results are expected to be included in the 2026 resource update.

Northparkes remains an important growth project. Studies are assessing higher processing capacity, new open pit opportunities and long-term production improvements, with completion expected by the end of FY2027.

A September quarter 2025 study extended Ernest Henry’s mine life to around 2040. Cowal’s open pit operations now extend to 2042 while Red Lake continued to generate strong cash flow and operational performance.

(Source: Company Report)