With just a few hours of trading left in the week, the S&P/ASX 200 Index (ASX: XJO) is down 0.7% from last Friday's close, but that sure didn't hold back these three high-flying ASX 200 shares.
You may not be familiar with all of these companies.
But you would have done well to buy them last Friday.
So, without further ado, here's how these three ASX 200 shares are leading the charge this week.
Three soaring ASX 200 shares
The top performing ASX 200 share at market close yesterday, and currently up 11.3% for the week, is gold miner Bellevue Gold Ltd (ASX: BGL). Shares are up 17% in a year.
Bellevue Gold shares closed in the green every day this week (and are up 0.1% in afternoon trade today). The gold miner excited investors on Monday with the release of its September quarter update.
Highlights included gold production of 35,993 ounces over the three months. Bellevue sold 39,405 ounces of the yellow metal at an average realised gold price of AU$3,420 per ounce. That sales price was far above the reported all-in sustaining cost (AISC) of AU$1,892 per ounce.
Bellevue achieved free cash flow of $11 million after investing $37.6 million in growth and exploration projects. That capex is intended to support management's end of FY 2025 target of producing 200,000 ounces of gold per year.
Moving on to the second best ASX 200 share performer at market close yesterday, and currently up 11.9% for the week, is another Aussie-listed gold miner, West African Resources Ltd (ASX: WAF). The gold miner's shares are up 147% in a year.
West African Resources released its quarterly update on Wednesday. Though shares slipped 1.8% on the day, they gained 3.6% the following day and are up 2.0% at the time of writing today.
The miner reported gold production of 47,799 ounces for the three months at an AISC of US$1,296 per ounce. Unhedged gold sales came in at 49,643 ounces at an average price of US$2,493 per ounce.
On the balance sheet, quarterly cash flow from operating activities was AU$59 million after AU$18 million of income tax payments.
At the end of the quarter, the miner had a cash balance of AU$430 million and AU$34 million of unsold gold bullion.
Investors will also have noted that West African Resources reported to be on track to achieve the upper end of its 2024 unhedged gold production guidance of 190,000 – 210,000 ounces at an AISC of less than US$1,300 per ounce.
Which brings us to our third top-performing ASX 200 share at market close yesterday, Amotiv Ltd (ASX: AOV).
Shares in the automotive products company have slipped 1.1% in afternoon trade today but remain up 7.8% for the week.
The Amotiv share price closed up 10.2% on Monday after the company announced an on-market buyback of up to 7,044,734 million shares. A company's share price tends to rise following share buyback news, as there will be a lower supply of shares on hand to meet relatively unchanged demand.
