The All Ordinaries Index (ASX: XAO) is very unlikely to surge 182% over the coming year, but this ASX All Ords gold stock has been tipped to do just that.
The potentially explosive Aussie gold miner in question is Brightstar Resources Ltd (ASX: BTR).
Brightstar shares are up 2.3% in late morning trade on Monday, changing hands for 45 cents apiece. Despite that boost, the Brightstar share price is still down 33.8% since this time last year.
But looking to the year ahead, the team at Taylor Collison expect a much better performance from the ASX All Ords gold stock.
Here's why.
Image source: Getty Images
ASX All Ords gold stock ramping up production
The gold price has retraced from its record highs notched in late October. But at US$4,015 per ounce today, the gold price remains up 53% year to date. And that should offer strong tailwinds for Brightstar shares as the junior miner moves to rapidly increase production levels.
The ASX All Ords gold stock reported its first-quarter (Q1 FY 2026) results on 31 October.
"Brightstar's September quarter marked another operational step-up as Fish and Second Fortune moved toward steady-state production," Taylor Collison's David Grant noted, following those results.
"The annualised September month production of 2.8koz is tracking at the top end of the 29-34kozpa guidance, positioning the Company to continue to build up the cash balance to lower external funding needs at Laverton, Menzies and Sandstone," he added.
Grant noted that Brightstar's September quarter production increased to 7,000 ounces of gold. That included 3,600 ounces from the ASX All Ords gold stock's Fish project and 3,400 ounces from its Second Fortune project.
"Fish achieved targeted production output during the month of September, contributing 2.8koz for the month," Grant said. "We think this demonstrates both mines' ability to perform at the upper end of the group guidance (29-34koz), exceeding our modelled ~29koz FY26 estimate."
Grant sounded an optimistic note on progress at Brightstar's Fish project.
"The ramp-up at Fish progressed ahead of schedule and under budget, confirming orebody continuity and steady productivity," he said.
Addressing Brightstar's higher costs, Grant said:
Although BTR's costs are high relative to peers, we expect the unit costs to continue trending lower as development spend tapers and fixed mining/processing costs are spread across higher production volumes.
Connecting the dots, Taylor Collison has a speculative buy rating on the ASX All Ords gold stock with a price target of $1.27 a share.
That represents a potential upside of 182.2% from current levels.
