The All Ordinaries Index (ASX: XAO) is down 0.2% in morning trade on Monday, despite the best efforts of ASX All Ords gold stock New Murchison Gold Ltd (ASX: NMG).
New Murchison Gold shares are up 6.3% at the time of writing, trading for 3.4 cents apiece.
Here's what's grabbing ASX investor interest today.
ASX All Ords gold stock ramping up production
The New Murchison Gold share price is storming higher following a production update from the miner's Crown Prince Gold Mine, located in Western Australia.
On 8 September, the ASX All Ords gold stock reported that the first gold bearing ore had been crushed, assayed, and stockpiled at Crown Prince. New Murchison then trucks the ore to Westgold Resources Ltd (ASX: WGX)'s Bluebird gold processing facility, 36 kilometres distant.
September's achievement marked the evolution of the gold explorer into a gold producer, following the decision to develop Crown Prince in June 2025.
So, development has been moving apace.
And today, the ASX All Ords gold stock confirmed that the pace of development remains on track after a strong second month of mining and crushing.
The miner said it is now fully ramped up with 60,877 dry tonnes of ore at an agreed grade of 3.95 grams of gold per tonne (g/t Au) trucked to the Bluebird gold processes facility.
New Murchison Gold noted that, in line with its Ore Purchase Agreement with Westgold, the agreed monthly recoverable gold ounces in ore trucked to Bluebird were 7,285 ounces. The related ore sales payment is due at the end of November.
What did management say?
Commenting on the ramp-up boosting the ASX All Ords gold stock, New Murchison CEO Alex Passmore said, "Our second month has completed the ramp up of the mine and with a concerted effort from our operations team with the support of Ozland Mining and MLG Crushing has exceeded expectations for our second month."
Passmore added:
We have a strong foundation for production in November. We are very pleased with the successful delivery of our first mine and while retaining focus on ongoing operations the company is now able to refocus our exploration effort to support future opportunities.
The foundation for November Passmore mentions involves the unreconciled production inventory on site at the end of October. This was reported to be approximately 37,900 wet tonnes of Crown Prince ore on the ROM awaiting crushing and approximately 11,200 wet tonnes of crushed high-grade product.
How has the ASX All Ords gold stock been tracking?
With today's intraday boost factored in, the New Murchison Gold share price is up 240% in 2025.
