The S&P/ASX 200 Index (ASX: XJO) is up 0.3% for the week in Friday afternoon trade, with these five ASX 200 stocks racing ahead of those gains.
Four of this week's outperforming companies operate in the same sector: digging up and selling gold. The other big gainer comes from the technology sector.
So, which five large-cap companies have made their shareholders especially happy this week?
Read on.
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ASX 200 stocks mining for gold shining bright
Gold stocks are shining particularly bright this week, with more than just the four below notching sizeable gains since last Friday's close.
But sticking with some of the biggest gainers, at the time of writing, the Evolution Mining Ltd (ASX: EVN) shares are trading for $8.77 apiece. That sees this ASX 200 stock up 11.4% over the week.
There's been no price sensitive news out from the gold miner, but Evolution Mining shares have clearly benefited from a 3.2% increase in the gold price over the week. The yellow metal is currently trading for US$3,305 per ounce.
Rival gold miner Perseus Mining Ltd (ASX: PRU) also enjoyed a big boost this week. Currently trading for $3.76, Perseus Mining shares are up 11.9% over the week, also on no fresh news.
The third ASX 200 stock racing ahead of the benchmark this week is Regis Resources Ltd (ASX: RRL). Shares in the $3.8 billion gold miner are up 11.8% this week, changing hands for $4.97 apiece at time of writing.
On Tuesday, Regis Resources reported an 8.7% year-on-year increase in its total Mineral Resources to 7.5 million ounces of gold. The Regis Duketon gold mine continues to be a standout project, achieving a fifth consecutive year of underground Ore Reserves growth.
And our fourth outperforming stock this week is West African Resources Ltd (ASX: WAF).
Shares are currently trading for $2.64 apiece, up 16.3% for the week.
The ASX 200 stock caught some added tailwinds this week following a promising exploration update. The miner reported intersecting wide zones of high-grade gold mineralisation beneath the current known ore reserves at its Sanbrado Gold Operations in Burkina Faso.
"Results from the recent drilling are expected to deliver an increase in both tonnes and contained gold in comparison to the 2024 resource model," West African chairman Richard Hyde said.
A technology stock joins the outperformers' list
It's not just gold stocks shooting the lights out this week.
Software-as-a-service (SaaS) provider Technology One Ltd (ASX: TNE) also posted some benchmark-smashing gains.
Technology One shares are currently swapping hands for 38.1 cents apiece. This sees the ASX 200 stock up 15.1% since last Friday's close.
Shares surged 11.3% on Tuesday alone following the release of expectation beating half year results.
Highlights included a 19% year-on-year boost in revenue to $291 million. The tech stock saw its profit after tax for the six months increase by 31% to $63 million.
