Mineral mania: 5 ASX 200 mining shares smashing new highs on Monday

This Monday has seen five ASX 200 gold shares hit new highs.

miner giving 'ok' sign in front of mine

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The S&P/ASX 200 Index (ASX: XJO) has kicked off the trading week with a pleasing gain. At the time of writing, the ASX 200 has lifted by a healthy 0.98%, putting the index at just under 7,180 points. But let's talk about five ASX 200 mining shares that are doing even better than that.

This Monday has been especially lucrative for a number of big ASX miners.

First up is Capricorn Metals Ltd (ASX: CMM). This ASX 200 gold miner has enjoyed a 2.17% bump so far today to $5.19.

That's not only a new 52-week high for Capricorn but an all-time, record high. Investors have also enjoyed a pleasing 57% return from Capricorn over the past 12 months.

Another ASX 200 share worth checking out is Gold Road Resources Ltd (ASX: GOR). Gold Road shares are presently up a decent 0.65% to $1.86. But this gold miner hit a new 52-week high of $1.90 a share this morning soon after market open.

That's just a whisker off of Gold Road's all-time high of just over $2 a share that we saw back in mid-2020.

ASX 200 gold shares glitter

De Grey Mining Limited (ASX: DEG) is another ASX 200 gold miner that is on fire this Monday. De Grey shares have gained 1.43% so far today to $1.56 a share.

That's bang on De Grey's new 52-week high and is also close to the highest share price this miner has ever traded at.

Next, we have gold share Perseus Mining Limited (ASX: PRU). This company's rise has been a little more muted, with Perseus shares up 0.86% so far to $2.35 each.

This morning, the company lifted as high as $2.38 a share, which is a new 52-week high for Perseus. Although this isn't a record high, it is the highest share price this company has seen in a decade.

Finally, we have yet another ASX 200 gold miner in Northern Star Resources Ltd (ASX: NST). Northern Star shares have put on a pleasing 1.2% so far this Monday to $11.90 each.

This morning saw a new 52-week high of $11.99 for Northern Star as well, capping off what has been a very pleasing day of trading for ASX 200 gold shares.

So with so many gold shares hitting new highs, you might think there is an underlying factor at play here. Well, you'd be right. As my Fool colleague James covered this morning, the price of gold jumped a substantial 1.6% at the end of last week to US$1,869.70 per ounce.

Thus, we can probably thank this jump for the boom we have seen in these five ASX 200 gold shares this Monday.

Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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