In late afternoon trade on Wednesday, the All Ordinaries Index (ASX: XAO) is down 3.0% in 12 months, but don't tell these two rocketing ASX gold stocks.
The outperforming miners in question are gold producer Auric Mining Ltd (ASX: AWJ) and copper-gold explorer Solstice Minerals Ltd (ASX: SLS).
Atop their own successes on and under the ground, both stocks have benefited from surging gold and copper prices. At US$14,084 per tonne, the copper price is up 39% in 12 months. And at US$4,322 per ounces, the gold price is up more than 17%.
As for the two ASX mining shares in question, recently trading for 24 cents apiece, Auric Mining shares are up 26.3% since this time last year.
And with shares swapping hands on Wednesday for $2.39 each, the Solstice Minerals share price has surged 527.6% over the full year.
That's enough to turn a $10,000 investment into $62,760. In one year!
It's also spurred a big increase in the ASX gold stock's market cap. This will see it join the All Ords on Monday as part of the S&P Dow Jones Indices September quarterly rebalance
And looking ahead, RaaS Group's Joshua Baker – who owns shares in both ASX miners – believes they are well-placed to keep outperforming (courtesy of The Bull).
Here's why.
Image source: Getty Images
ASX gold stock on the growth path
Baker recently ran his slide rule over Auric Mining shares. And he liked what he saw.
"The gold producer generated total record revenue of $44.8 million in first half of 2026, up 13.2 per cent on the prior corresponding period," he said.
Baker added:
The company posted a net profit before tax of $28 million. The Munda gold mine produced 8,886 ounces from toll milling campaigns. An integrated scoping study supported the re-establishment of the Burbanks processing facility.
Summarising his buy recommendation on the ASX gold stock, Baker concluded:
The company recently announced it had executed binding agreements to buy two leases that together comprise the Union Jack project. One lease is subjected to completion of due diligence. AWJ continues to build a team with extensive experience in developing gold projects.
Which brings us to…
Solstice Minerals' significant expansion potential
Baker also issued a buy recommendation on Solstice Minerals shares.
SLS remains an exciting opportunity in the copper market," he said. "Exploration of the Nanadie Well project is progressing, with drilling revealing significant potential to expand the resource.
Summarising his bullish outlook on the ASX gold stock, he said:
The company recently announced new copper-gold intercepts, with reverse circulation drilling identifying previously unrecognised high-grade zones.
Drilling can create value and lead to expanding upside. The shares have risen from $1.81 on August 24 to trade at $2.52 on September 10.
