ASX gold shares are having an incredible run in 2025 amid the gold price soaring above US$4,000 per ounce for the first time overnight.
At the time of writing, the gold price is US$4,011 per ounce, representing an astonishing 53% gain in the year to date.
The S&P/ASX All Ordinaries Gold Index (ASX: XGD) is up 98% in 2025 and smashed a new record of 16,969.9 points earlier today.
By comparison, the S&P/ASX All Ordinaries Index (ASX: XAO) has lifted just 9.5% over the same period.
Goldman Sachs says the gold price is receiving much support from central bank purchases, particularly in emerging markets.
A recent World Gold Council survey found 95% of central banks expect global gold holdings to continue increasing over the next year.
Of course, the strong commodity price is great news for the big ASX 200 gold shares.
The Northern Star Resources Ltd (ASX: NST) share price is up 60% in 2025, while Evolution Mining Ltd (ASX: EVN) is up 133%.
Newmont Corporation CDI (ASX: NEM) shares have lifted 120% in the year to date.
While that's impressive, the most spectacular gains are being seen among the ASX small-cap gold shares.
Here are some examples.
Image source: Getty Images
7 superstar ASX small-cap gold shares
Dateline Resources Ltd (ASX: DTR)
This ASX small-cap gold share has streaked into the stratosphere in 2025.
Dateline Resources shares have skyrocketed 9,600% in 2025 to trade at 48.5 cents apiece on Thursday.
Dateline Resources is an Australian-based company focused on gold mining and exploration targets in the United States.
The company owns 100% of the Colosseum Gold-REE Project in the Walker Lane Trend in East San Bernardino County, California.
This ASX small-cap gold share has a market capitalisation of $2.2 billion.
Dateline Resources lodged its response to an ASX price query today.
Barton Gold Holdings Ltd (ASX: BGD)
The Barton Gold share price has soared 412% higher in the year to date, trading at $1.28 on Thursday.
Barton Gold is a mineral exploration company in South Australia.
Its projects include Tarcoola, a brownfield open-pit mine, and Tunkillia, which has a 1.5Moz Au JORC Mineral Resource Estimate.
Barton Gold shares have a market capitalisation of $289 million.
New Murchison Gold Ltd (ASX: NMG)
New Murchison Gold shares have more than tripled in value in 2025.
The New Murchison Gold share price has soared 240% in the year to date to trade at 3.4 cents today.
New Murchison Gold is a mineral exploration company that owns substantial tenements in the Murchison goldfield in Western Australia.
This ASX small-cap gold share has a market capitalisation of $404 million.
Kingsgate Consolidated Ltd (ASX: KCN)
The Kingsgate share price has ripped 209% in the year to date, trading at $3.98 today.
Kingsgate is an Australian gold and silver producer and the owner and operator of the Chatree Gold Mine in central Thailand.
It also owns and operates the Nueva Esperanza Gold-Silver Project in the renowned Maricunga Belt in northern Chile.
Kingsgate Consolidated shares have a market capitalisation of $1.03 billion.
Yesterday, Kingsgate announced the highest quarterly production at Chatree since the restart.
A total of 23,922 ounces of gold and 205,841 ounces of silver were produced, representing an 18% quarterly increase in gold production.
Golden Horse Minerals Ltd CDI (ASX: GHM)
The Golden Horse share price has leapt 204% in the year to date, trading at 73 cents today.
Golden Horse is undertaking a regional strategy to define JORC resources and fast-track production across multiple gold prospects in Western Australia.
Golden Horse holds one of the largest land parcels in the renowned Southern Cross Greenstone Belt. Its flagship project is Hopes Hill.
This ASX small-cap share has a market capitalisation of $117 million.
Black Cat Syndicate Ltd (ASX: BC8)
Black Cat shares are up 144% in the year to date, trading at $1.39 today.
This Western Australian gold producer has a substantial and growing portfolio of high-grade projects in prime gold regions.
Its projects include the Paulsens Gold Operation in the Pilbara, the Kal East Gold Project east of Kalgoorlie, and the Coyote Gold Operation in the Western Tanami.
Black Cat achieved first gold at the Myhree open pit at Kal East in the second half of 2024, followed by first gold at Paulsens in December.
This ASX small-cap gold share has a market capitalisation of $989 million.
Black Cat gave investors an update on its progress at Kal East yesterday.
Meeka Metals Ltd (ASX: MEK)
The Meeka Metals share price is up 159% in the year to date, trading at 21 cents on Thursday.
Meeka Metals has a portfolio of high-quality fully-owned projects in Western Australia.
Its flagship mine is the Murchison Gold Project, which has a high-grade 1.2Moz at 3g/t Au Mineral Resource on granted mining leases.
Meeka Metals has a 10-year production plan in place for the Murchison Gold Project. The miner reported first gold in July.
The miner hopes to produce up to 76koz per annum (averaging 65koz per annum for the first seven years).
This ASX small-cap gold share has a market capitalisation of $605 million.
