The All Ordinaries Index (ASX: XAO) has gained a respectable 9.7% so far in 2025, but those gains have been left wanting by this surging ASX All Ords gold stock.
The brightly shining company in question is Ausgold Ltd (ASX: AUC).
Trading for 91.5 cents apiece in morning trade on Monday, the ASX All Ords gold stock is up a whopping 117.9% year to date. That's been spurred by a remarkable 60% increase in the gold price in 2025, with the yellow metal currently trading for US$4,255 per ounce.
The gold price notched new record highs again on Friday, reaching US$4,327 per ounce, according to data from Bloomberg.
With the gold price down 1.7% over the weekend from that new all-time high, Ausgold shares are slipping 1.1% today amid broader weakness in the gold sector.
For some context, the S&P/ASX All Ordinaries Gold Index (ASX: XGD) is down 5.0% at this same time.
Here's what's happening with Ausgold shares today.
ASX All Ords gold stock in focus as legal hurdles cleared
Ausgold shares look to be outperforming the broader ASX gold sector today following the release of the miner's quarterly update, covering the three months to 30 September.
The ASX All Ords gold stock is primarily focused on developing its Katanning Gold Project (KGP), located in Western Australia.
A core achievement for Ausgold over the quarter was the inking of a binding agreement with unrelated parties to acquire around 860 hectares of freehold land that is critical to its development of the KGP.
Notably, that agreement puts an end to the legal action involving Ausgold's right to mine the site. The legal dispute had been running since August 2023.
Following on that acquisition, the ASX All Ords gold stock said it is undertaking an optimisation of its June 2025 Definitive Feasibility Study (DFS) mine plan.
The goal is to add additional life-of-mine gold production from areas in the Central Zone. Those are part of the existing KGP Mineral Resource, but management noted they were excluded from the June 2025 DFS production estimates because of previous tenure constraints.
Ausgold also aims to reduce mining costs by relocating waste dumps to more favourable locations to cut down on haulage distances.
The September quarter also saw the miner successfully complete a $35 million share placement capital raising.
What did management say?
Commenting on the quarterly progress for the ASX All Ords gold stock, Ausgold executive chairman John Dorward said:
Following the delivery of a highly positive Definitive Feasibility Study for the Katanning Gold Project in the June Quarter, Ausgold has been diligently progressing pre-development activities to maintain our momentum towards a final investment decision planned for mid-2026.
The key milestone for the September quarter was the successful resolution of the land access issue, which had been a major impediment to the development of the KGP up to this point. This critical land acquisition agreement also enables Ausgold to re-optimise the KGP mine plan, which is expected to deliver significant upside to the project economics.
As for what's ahead, the ASX All Ords gold stock said it will kick off a 44,000-metre drilling program in October. That includes 32,000 metres of exploratory drilling at KGP.
