ASX All Ords gold stock Aurum Resources Ltd (ASX: AUE) has smashed the returns delivered by the All Ordinaries Index (ASX: XAO) over the past year.
Aurum shares closed up 2.1% on Wednesday, trading for 74 cents apiece.
That puts the Aurum Resources share price up a jaw dropping 172% since this time last year, racing ahead of the 10% 12-month returns posted by the benchmark index.
As you'd expect, the ASX All Ords gold stock has enjoyed strong tailwinds from the surging gold price. On Wednesday, the yellow metal was trading for US$5,189 per ounce. That sees the gold price up more than 78% in a year.
But Aurum has hardly been sitting idle, achieving a series of regulatory and exploratory successes Aurum at its flagship Boundiali Gold Project, located in Cote d'Ivoire. The project consists of seven neighbouring exploration tenements extending across some 75 kilometres.
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Why the ASX All Ords gold stock could keep charging higher
If you think you've missed the boat on this one, the analysts at Canaccord Genuity would disagree, with the broker expecting the Aurum share price could more than double again from current levels.
In a research report released in 16 February, Canaccord advised investors to tune into any upcoming potential news flow from the ASX All Ords gold stock.
Canaccord noted:
With ~$40m cash at 31 December 2025, AUE is fully funded for an aggressive 130,000m drilling program across Boundiali and Napie project in 2026, in our view.
Potential catalysts this quarter include updated resources for both projects and completion of the Boundiali open-pit PFS, positioning the company for a potential DFS transition later in 2026 while continuing regional exploration and discovery drilling.
What's happening with Aurum's Boundiali Gold Project?
Just one week later, on Monday 23 February, the ASX All Ords gold stock reported a 49% increase (more than 450,000 ounces) in Indicated Resources at Boundiali to 1.37 million ounces of gold. This saw the total Boundiali Mineral Resource Estimate (MRE) increase to 3.03 million ounces of gold.
Aurum Resources said the upgrade provides "a robust foundation for Boundiali's upcoming PFS". The gold miner noted that on a consolidated basis, its Group Resource now stands at 3.90 million ounces of gold. That includes the 870,000 ounces from the Napie Gold Project. The MRE update for Napie was said to be on track for delivery this quarter.
"This MRE update represents a significant milestone at our Boundiali Gold Project," Aurum managing director Caigen Wang said.
Wang noted:
This follows an aggressive infill drilling campaign that successfully converted a large portion of our inventory into this higher confidence category, providing the robust foundation required for our upcoming economic studies.
Canaccord has a speculative buy rating on the ASX All Ords gold stock with a price target of $1.50 per share. That's more than 100% above Wednesday's closing price.
