What did Gold Road Resources report?

• The scheme of arrangement with Gruyere Holdings Pty Ltd has been approved by the Supreme Court of Western Australia.
• Gold Road shares to be suspended from ASX trading at close of business, 26 September 2025.
• Special fully franked dividend of A$0.43694 per share to eligible shareholders as of 30 September 2025.
• Total scheme consideration of $3.06423 per share, including $2.52 fixed cash, $0.98117 variable cash, less the special dividend.
• Scheme consideration payment is expected to occur on 14 October 2025.

What else do investors need to know?

With the scheme now effective, Gold Road shareholders are no longer be able to trade their shares . Shareholders recorded on the appropriate dates will receive both the special dividend and the final scheme payment.

The variable cash consideration reflects Gold Road's shareholding in Northern Star Resources Ltd (ASX: NXT), calculated based on Northern Star's average market price over the relevant period. Any changes to key dates will be communicated via the ASX.

What's next for Gold Road Resources?

The scheme is scheduled to be implemented, with payment of the scheme consideration and transfer of Gold Road shares to Gruyere Holdings Pty Ltd, on 14 October 2025. Eligible shareholders will receive both their special dividend and scheme payment in line with the published timetable.

For any questions about the process, shareholders are encouraged to contact the company's shareholder information line or seek professional advice.

Gold Road Resources share price snapshot

Gold Road Resources shares have risen 100% in the past 12 months, significantly outpacing the S&P/ASX 200 Index (ASX: XJO) which has increased around 8%.

Gold Road Resources shares are now suspended from the ASX.

View Original Announcement

The post Why are Gold Road Resources suspended from trading today? appeared first on The Motley Fool Australia.

Will the market be able to build on this on Monday? Here are five things to watch:

ASX 200 expected to rise

The Australian share market looks set for a good start to the week following a positive finish to the last one on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 21 points or 0.25% lower. In the United States, the Dow Jones was up 0.65%, the S&P 500 rose 0.6%, and the Nasdaq pushed 0.45% higher.

Oil prices rise

It could be a decent start to the week for ASX 200 energy shares such as Santos Ltd (ASX: STO) and Woodside Energy Group Ltd (ASX: WDS) after oil prices pushed higher on Friday night. According to Bloomberg, the WTI crude oil price was up 1.1% to US$65.72 a barrel and the Brent crude oil price was up 1% to US$70.13 a barrel. This was driven by news of drone attacks hitting Russian supply.

ASX 200 shares going ex-dividend

A number of ASX 200 shares are going ex-dividend this morning and could trade lower. This includes a range of REITs such as Arena REIT (ASX: ARF), Centuria Industrial Reit (ASX: CIP), Charter Hall Social Infrastructure REIT (ASX: CQE), HomeCo Daily Needs REIT (ASX: HDN). In addition, gold miner Gold Road Resources Ltd (ASX: GOR) is going ex-dividend for a payout relating to its takeover.

Gold price rises again

ASX 200 gold shares including Newmont Corporation (ASX: NEM) and Northern Star Resources Ltd (ASX: NST) could start the week positively after the gold price pushed higher again on Friday night. According to CNBC, the gold futures price was up 1% to US$3,809 an ounce. This was driven by the release of US inflation data which was supportive of further rate cuts.

Buy Premier shares

Premier Investments Ltd (ASX: PMV) shares are good value according to analysts at Bell Potter. This morning, the broker has retained its buy rating and $26.50 price target on the Smiggle and Peter Alexander owner's shares. The broker said: "We view PMV as trading at a discount to our coverage, considering the Premier Retail division with two global roll-out worthy brands offering ~7% EBIT growth in FY26e and a P/E of ~12x excluding equity investments, land bank/cash while retaining a strong balance sheet supportive of M&A as attractive. Maintain BUY."

The post 5 things to watch on the ASX 200 on Monday appeared first on The Motley Fool Australia.

Among the payers this week were BHP Group Ltd (ASX: BHP), which paid a fully franked dividend of 91.9 cents per share yesterday.

Telstra Group Ltd (ASX: TLS) also paid out a fully franked final dividend of 9.5 cents per share yesterday.

Some companies that reported their financial results late in the August earnings season are yet to go ex-dividend.

That means you still have time to strategise how to make their ex-div dates work for you.

Make the ex-dividend date work for you!

Ex-dividend dates provide two opportunities for investors.

After a company announces its next dividend, investors have a small window of opportunity to buy the ASX share with the payment attached.

If you do this, you can generate a quick return via short-term income.

Alternatively, you might like to wait until the ex-dividend date to buy, because the price will likely fall, creating a buy-the-dip opportunity.

Share prices typically fall on ex-dividend dates because the stocks are fundamentally less valuable without the next dividend attached.

As usual, there have been many examples of ASX shares falling on their ex-dividend dates this year.

On Monday, New Hope Corporation Ltd (ASX: NHC) shares fell 7.35% after the coal mining stock went ex-dividend.

Next week, a slew of real estate investment trusts (REITs) and other ASX shares will go ex-dividend.

19 ASX shares with ex-dividend dates next week

Here is a sample of the ASX shares with ex-dividend dates next week.

The post 19 ASX shares with ex-dividend dates next week appeared first on The Motley Fool Australia.

On Monday, the shareholders of Gold Road voted overwhelmingly to accept a cash takeover bid from Gold Fields, and as a result, the company will be delisted from the ASX on October 1, while its shares are expected to be suspended as of the close of trade on the ASX on Friday, September 26.

This will free up a space in the S&P/ASX 200 Index (ASX: XJO) for a new company – Catapult Sports Ltd (ASX: CAT) – to enter, and is subject to a Supreme Court hearing to rubber-stamp the deal on Thursday.

So what do Gold Road shareholders have to do about all this? Well, nothing.

As Macquarie explains in a note to clients issued this week, Gold Road shareholders will be paid $2.52 in cash, including a 44-cent per share special dividend, plus a variable component linked to Gold Road's stake in fellow gold miner Northern Star Resources Ltd (ASX: NST)

That variable component will be worth about $1.02 per Gold Road share, Macquarie says.

Company documents filed with the ASX indicate that the special dividend will be paid on October 7 and the remainder of the cash on October 14.

Sweetened bid needed to sway the board

The takeover of Gold Road concludes a process that started in March, when Gold Fields made an initial offer of $2.27 cash per share plus an unspecified variable component for its stake in De Grey Mining, which was later taken over by Northern Star.

The Gold Road board at the time said it believed the offer "materially undervalues Gold Road and is highly opportunistic in nature''.

Gold Fields came back with an improved offer on May 2, which the board unanimously supported, subject to an independent expert's report.

The deal will consolidate ownership of the Gruyere gold mine in Western Australia, which is currently owned on a 50:50 basis by Gold Road and Gold Fields.

The mine is expected to produce between 310,000 and 320,000 ounces of gold this calendar year and has an expected mine life of more than 10 years.

The Gruyere deposit was discovered by Gold Road in 2013 and the company sold a half stake in the project to Gold Fields in 2016 for $350 million in cash plus a smelter royalty.

The project began construction in 2017 and first gold was delivered in the June 2019 quarter.

Gold Road shares are priced at $3.49 at the time of writing.

The post What next for Gold Road Resources shares? appeared first on The Motley Fool Australia.

Again.

As you likely know, it's been a banner year for most gold miners and the investors who own them.

That's largely thanks to the seemingly unstoppable (it's not!) rise of the gold price.

This morning, the yellow metal once again broke into new record high territory, trading just north of US$3,749 per ounce. (At the time of writing, it's trading for US$3,748.45 per ounce.)

This sees the gold price up a remarkable 42.6% since this time last year.

How are ASX 200 gold stocks moving?

As for the banner year that ASX 200 gold stocks and their investors have been enjoying, here's how some of the top Aussie gold miners are tracking today and over the past 12 months:

• Northern Star Resources Ltd (ASX: NST) shares are up 2.4% today and up 42.2% for the year.
• Newmont Corp (ASX: NEM) shares are up 2.4% today and up 59.4% for the year.
• Ramelius Resources Ltd (ASX: RMS) shares are up 3.8% today and up 73.4% for the year.
• Gold Road Resources Ltd (ASX: GOR) shares are up 1.1% today and up 108.7% for the year.
• Evolution Mining Ltd (ASX: EVN) shares are up 2.5% today and up 135.1% for the year.
• Bellevue Gold Ltd (ASX: BGL) shares are up 2.8% today and down 12.1% for the year.
• Perseus Mining Ltd (ASX: PRU) shares are up 3.3% today and up 84.0% for the year.
• Vault Minerals Ltd (ASX: VAU) shares are down 4.1% today and up 91.2% for the year.
• Genesis Minerals Ltd (ASX: GMD) shares are up 1.6% today and up 177.3% for the year.

For some context, the ASX 200 is up 0.2% today and up 8.2% in a year.

And this strong outperformance doesn't include the dividends many of the ASX 200 gold stocks paid out over the full year.

What's driving the gold price to new record highs?

The surging gold price, throwing up tailwinds for ASX 200 gold stocks, is being driven by many of the usual suspects.

Namely, strong ongoing central bank demand, significant geopolitical uncertainty driving safe haven demand, and falling interest rates in some of the world's top economies. Gold, which pays no yield itself, tends to perform better in low or falling rate environments.

Commenting on the record-setting gold price run, Jim Wyckoff, senior analyst at Kitco Metals, said (quoted by Reuters), "There's a continued flow of safe haven demand amid geopolitical matters that are still kind of wobbly, including the Russia-Ukraine war".

He noted that the gold price, and by connection ASX 200 gold stocks, are also getting support from "last week's Fed interest rate cut and probably more Fed rate cuts coming by the end of the year".

The post ASX 200 gold stocks rocket as gold price again smashes new record highs appeared first on The Motley Fool Australia.

Will the market be able to build on this on Tuesday? Here are five things to watch:

ASX 200 expected to rise

The Australian share market looks set to rise again on Tuesday following a decent start to the week on Wall Street. According to the latest SPI futures, the ASX 200 is poised to open the day 17 points or 0.2% higher. In the United States, the Dow Jones is up 0.15%, the S&P 500 is 0.45% higher, and the Nasdaq has risen 0.7%.

Catapult added to ASX 200

Catapult Sports Ltd (ASX: CAT) shares will be on watch on Tuesday after the sports technology company was added to the ASX 200 index. The high-flying tech stock is joining the benchmark index in place of Gold Road Resources Ltd (ASX: GOR), which is being kicked out after shareholders approved its $3.7 billion acquisition by South Africa's Gold Fields (NYSE: GFI).

Oil prices edge lower

It looks set to be a subdued session for ASX 200 energy shares Karoon Energy Ltd (ASX: KAR) and Santos Ltd (ASX: STO) after oil prices edged lower overnight. According to Bloomberg, the WTI crude oil price is down a touch to US$62.64 a barrel and the Brent crude oil price is down 0.1% to US$66.61 a barrel. This was driven by news that Iraq is increasing its exports despite demand concerns.

Buy Generation Development shares

The Generation Development Group Ltd (ASX: GDG) share price could be good value according to analysts at Bell Potter. This morning, the broker has initiated coverage on the financial services company's shares with a buy rating and $8.20 price target. Bell Potter highlights that its shares are trading at a discount to peers. This implies potential upside of approximately 15% for investors. It said: "We initiate coverage on GDG with a Buy rating and $8.20/sh target. GDG screens well with significant growth runway, trading on a PEG -10% below tech and financial peers."

Gold price jumps

ASX 200 gold shares including Evolution Mining Ltd (ASX: EVN) and Ramelius Resources Ltd (ASX: RMS) could have a good session on Tuesday after the gold price jumped to a fresh record high overnight. According to CNBC, the gold futures price is up 2.1% to US$3,782.7 an ounce. The precious metal rose after the market priced in further rate cuts.

The post 5 things to watch on the ASX 200 on Tuesday appeared first on The Motley Fool Australia.

What did Gold Road Resources report?

• 99.16% of votes cast by shareholders supported the proposed acquisition scheme
• 91.23% of attending shareholders (in person or by proxy) voted in favour
• If approved, Gold Road shares will be acquired by Gruyere Holdings Pty Ltd, owned by Gold Fields Limited
• The Scheme remains subject to court approval and other customary conditions
• Special dividend to be paid if Scheme becomes effective, anticipated 7 October 2025

What else do investors need to know?

The next step is a Supreme Court of Western Australia hearing, scheduled for Thursday, 25 September 2025. If all conditions are met and the court approves the scheme, Gold Road intends to lodge court orders soon after, making the scheme effective.

If the scheme becomes effective, shares will be suspended from trading on Friday, 26 September 2025. Gold Road shareholders will receive the announced special dividend and consideration under the scheme in October. The company has provided a clear timetable for each event, with changes to be announced via the ASX.

What did Gold Road Resources management say?

Commenting on the development, Duncan Gibbs, Managing Director & CEO said:

This is a significant milestone for Gold Road and a strong endorsement from our shareholders of the recommended transaction.

What's next for Gold Road Resources?

Gold Road will continue working to satisfy all remaining conditions before the final court hearing. If the scheme is approved and becomes effective, the company will finalise payment of the special dividend and implement the scheme as outlined.

Gold Road has emphasised continued communication with shareholders and will provide updates on any changes to key dates or the scheme's progress.

Gold Road Resources share price snapshot

Over the past year, the company's share price has surged 107%, far outpacing the S&P/ASX 200 Index which has risen 8%.

Gold Road Resources shares are expected to be suspended from trading following the scheme's approval.

View Original Announcement

The post Gold Road Resources shareholders give strong approval for Gold Fields takeover appeared first on The Motley Fool Australia.

What did Gold Road Resources report?

• Determined to pay a fully franked special dividend of $0.43694 per share, conditional on scheme approval
• Special dividend record date: 30 September 2025; payment date: 7 October 2025 (if approved)
• Dividend Reinvestment Plan suspended; all shareholders to receive cash only
• Up to $0.1873 per share in franking credits may be attached to the special dividend
• An amount of $300 million has been drawn from debt facilities to fund the dividend

What else do investors need to know?

The special dividend forms part of the proposed scheme of arrangement under which Gold Fields Limited, via Gruyere Holdings, intends to acquire all Gold Road shares. Payment of the special dividend will reduce the cash component that shareholders receive under the scheme.

The board highlighted that eligibility for franking credit benefits may vary depending on personal tax circumstances and a class ruling from the Australian Tax Office. The company has also updated the indicative transaction dates, with key events including the scheme meeting on 22 September and final implementation on 14 October 2025.

What's next for Gold Road Resources?

Shareholders are encouraged to review the updated scheme booklet and note the revised timetable, with several dates dependent on regulatory and court approval. The Gold Road board continues to unanimously recommend that shareholders vote in favour of the scheme, barring a superior proposal and subject to the independent expert's view.

After the scheme's effective date, Gold Road shares are expected to cease trading, and the company will transfer ownership to Gold Fields via Gruyere Holdings. Investors should stay tuned for further ASX updates and assess any personal tax impacts from the special dividend.

Gold Road Resources share price snapshot

Gold Road Resources shares have soared 67% this year, far outpacing the S&P/ASX 200 Index (ASX: XJO) which has climbed just 8% over the same timeframe.

View Original Announcement

The post Up 67% this year, guess which ASX 200 gold stock just announced a special dividend? appeared first on The Motley Fool Australia.

Shares in the S&P/ASX 200 Index (ASX: XJO) gold stock closed Friday trading for $3.44. In morning trade on Monday, shares are changing hands for $3.43 apiece, down 0.2%.

For some context, the ASX 200 is down 0.6% at this same time.

Despite today's minor dip, the Gold Road share price remains up 111% since this time last year. And that's not including the fully franked 1.5 cent per share final dividend the miner paid eligible shareholders on 31 March.

Here's what's happening today.

Gold Road share price dips on guidance update

ASX investors are pressuring the Gold Road share price following an update on the miner's production and cost guidance for the full 2025 calendar year at its Gruyere JV gold mine, located in Western Australia.

The mine is a 50:50 joint venture with Gruyere Mining Company, a member of the Gold Fields group (Gold Fields), which manages and operates the mine.

At its half-year results release on 29 August, the ASX 200 gold stock had reported on issues with its primary crusher maintenance, the failure of conveyor belts, and lower than anticipated ore from the mine over the six-month period.

That now looks like it will impact the company's full-year gold production.

Management said that year-to-date gold production to 31 August of 196,554 ounces (on a 100% basis) was lower than they'd expected.

"Mining is currently at an annualised rate of approximately 68 million tonnes with a planned ramp-up of total movement rates progressing more slowly than anticipated," the miner said.

With this in mind, Gold Road now expects 2025 annual gold production to be between 310,000 ounces and 320,000 ounces (150,000 ounces to 160,000 ounces attributable). That's down from the previous guidance of between 325,000 ounces and 355,000 ounces (162,500 ounces to 177,500 ounces attributable).

The Gold Road share price also isn't getting any help today from the company's revised cost guidance.

Despite moderately lower total mining expenditure, the lower gold production forecast led management to increase their full-year 2025 all-in sustaining cost (AISC) guidance to be between $2,600 and $2,800 per ounce. That's up from the previous AISC cost guidance of between $2,400 and $2,600 per ounce.

AISC per ounce averaged $2,794 per attributable ounce for the first six months of 2025.

For some idea of why the Gold Road share price has been racing higher this year, for the six months to 30 June, the miner reported a group consolidated net profit after tax (NPAT) of $107.0 million, up 148% year on year.

The post Up 111% in a year, why is the Gold Road share price slipping on Monday? appeared first on The Motley Fool Australia.

Being added to or removed from an S&P/ASX Index is a big deal as it dictates whether certain fund managers and exchange-traded funds (ETFs) that track the indices must buy or sell a stock.

Three stocks which Wilsons predicts are strong candidates to drop from the S&P/ASX 200 Index (ASX: XJO) in the next shuffle are uranium producer Boss Energy Ltd (ASX: BOE), chicken wholesaler Inghams Group Ltd (ASX: ING), and intellectual property services group IPH Ltd (ASX: IPH).

With only about 15% of the calculation period elapsed, we see likely index moves across the ASX50, ASX100 and ASX200. In the ASX200, Catalyst Metals Limited (ASX: CYL) has been named to fill Brickworks' M&A gap subject to scheme approval, and we expect Pantoro Gold Limited (ASX: PNR) to replace Gold Road Resources Limited (ASX: GOR) if its scheme meeting is approved. After those M&A substitutions, the likely additions to replace Boss Energy, Inghams and IPH are Resolute Mining Limited (ASX: RSG), Catapult Group Limited (ASX: CAT) and Regis Healthcare Limited (ASX: REG).

Wilsons says Domino's Pizza Enterprises Limited (ASX: DMP) is also at risk of dropping out, which could lead to the inclusion of Aussie Broadband Limited (ASX: ABB).

At this stage, we see Catapult Group and Regis Healthcare as only marginally priced for inclusion. With Catalyst now earmarked to replace Brickworks, we expect the market to price in Catapult's likely inclusion over the coming days. We do not believe Aussie Broadband's potential inclusion is being priced in and so we view this as an attractive asymmetric opportunity given its valuation discount to Superloop Limited (ASX: SLC). Aussie is also a key beneficiary of the September NBN changes, which could support the share price and help it begin screening for index inclusion.

The next changes to the indices are announced on December 5 and come into effect after market close on December 19.

The post How to play some likely ASX 200 Index moves for your gain appeared first on The Motley Fool Australia.

In fact, four of the top performing stocks on the ASX 200 this past week were gold miners.

Part of the outsized gains the Aussie gold producers have delivered to shareholders stem from their own high quality assets and management teams.

And every miner has enjoyed strong tailwinds from the surging gold price.

On Friday, gold was trading near all-time highs (set earlier in the week) of US$3,552 per ounce. With bullion gaining 3% over the week just past, the gold price is now up more than 42% in 12 months.

The gold price – and ASX 200 gold stocks – have been leaping higher amid ongoing strong central bank bullion purchases, elevated safe haven demand fuelled by global uncertainties, and expectations that the US Federal Reserve will deliver more interest rate cuts in 2025.

Gold, which pays no yield itself, tends to perform better in a low or falling interest rate environment.

With the yellow metal screaming higher, the S&P/ASX All Ordinaries Gold Index (ASX: XGD) has surged a remarkable 71.4% since this time last year. For some context, the ASX 200 is up 11.0% over this same time.

Here's how these ASX 200 gold stocks have performed over the 12 months:

• Northern Star Resources Ltd (ASX: NST) shares are up 37.0%
• Newmont Corp (ASX: NEM) shares are up 49.8%
• Ramelius Resources Ltd (ASX: RMS) shares are up 57.4%
• Gold Road Resources Ltd (ASX: GOR) shares are up 117.6%
• Evolution Mining Ltd (ASX: EVN) shares are up 128.2%
• Bellevue Gold Ltd (ASX: BGL) shares are down 22.2%
• Perseus Mining Ltd (ASX: PRU) shares are up 72.2%
• West African Resources Ltd (ASX: WAF) are up 120.3%
• Vault Minerals Ltd (ASX: VAU) shares are up 91.9%
• Genesis Minerals Ltd (ASX: GMD) shares are up 147.4%

And this stellar performance doesn't even include the dividends many of the ASX 200 gold stocks paid out over the full year.

Now, here's why the big Aussie gold miners look well-placed to continue delivering outsized gains.

Why the ASX 200 gold stock rally could charge on into 2026

A number of prominent analysts are pointing to the disruptive actions of US President Donald Trump as likely helping fuel the next leg up for gold. This comes after Trump fired Fed governor Lisa Cook and amid ongoing uncertainty over Trump's global tariffs.

"These drivers bring back into focus the preference for gold over traditional safe‑haven assets like the US dollar and US bonds," Commonwealth Bank of Australia (ASX: CBA) strategist Vivek Dhar said (quoted by The Australian Financial Review).

"We saw this play out in early April when Trump announced his tariffs, as gold surged, while the US dollar weakened," he added.

Commenting on the outlook for the yellow metal and ASX 200 gold stocks, Seb Mullins, head of multi-asset and fixed income in Australia for Schroders, said:

We have seen Trump spur investors to purchase gold as a way to protect portfolios from higher inflation or stagflation risks. This should bode well for gold miners, who have seen margins improve given the gold price has risen well above their cost base.

The post Why the blistering run higher for ASX 200 gold stocks may only just be warming up appeared first on The Motley Fool Australia.

Big deals already on the board

Some of the most notable recent transactions include:

• Northern Star Resources Ltd (ASX: NST) $5 billion takeover of De Grey Mining, securing control of the Hemi gold project in Western Australia
• Gold Fields' $3.7 billion acquisition of Gold Road Resources Ltd (ASX: GOR), consolidating ownership of the Gruyere mine
• ADNOC's $30 billion bid for Santos Ltd (ASX: STO), offering a 28% premium as part of a strategic global energy expansion
• BlueScope Steed Ltd (ASX: BSL) led consortium vying for the Whyalla steelworks, supported by a $2.4 billion government rescue package
• TPG Telecom Ltd (ASX: TPG) $3 billion sale of its Vision network to Vocus, unlocking capital for shareholders and strategic reinvestment
  
  

These deals span resources, energy, industrials, and telecom. This shows that the current M&A wave isn't confined to one sector.

Potential deals on the horizon

The M&A pipeline could stay busy for the remainder of 2025.

Market chatter surrounding M&A includes:

• Evolution Mining Ltd (ASX: EVN) potentially moving on Greatland Resources Ltd (LSE: GGP) after a sharp share price decline
• Private equity targeting mid-sized Australian companies, particularly in healthcare, services, and tech, as succession planning and favourable valuations drive sales
• Corporates racing to finalise acquisitions ahead of stricter Australian Competition and Consumer Commission (ACCC) oversight, which could slow or derail future bids

Why investors should care

For ASX investors, a hot M&A market can offer multiple benefits.

Most notably, takeovers often come with a price well above market value, delivering immediate gains to existing shareholders. For smaller-cap investors, M&A can be a rare opportunity to realise value quickly.

In addition, M&A can offer strategic upside by reshaping industries and creating stronger players with better scale and higher market share.

Foolish Takeaway

The early signs suggest 2025 could be one of the busiest years for Australian corporate dealmaking in over a decade. With interest rates easing, balance sheets strengthening, and regulatory changes looming, both local and global players are seizing the moment.

For investors, that means keeping an eye on takeover rumours, looking for sectors seeing consolidation, and being ready to act when premiums hit the table. Whether you're holding gold miners, industrial stocks, or infrastructure plays, the next ASX deal could be closer than you think.

The post Is the ASX M&A market heating up in 2025? Here's what investors should know appeared first on The Motley Fool Australia.

As you're likely aware, that bull run has been driven by the surging gold price.

What's been happening with the gold price?

One year ago, gold was trading for US$2,391 per ounce. On Wednesday, that same ounce was fetching US$3,372, putting the yellow metal up 41% over the year.

In recent months, safe haven gold has been supported by global jitters over the uncertain impacts of US President Donald Trump's global tariff campaign.

And last week's unexpectedly weak US jobs report fuelled expectations of more Fed interest rate cuts. Gold, which pays no yield itself, tends to perform better in low and falling rate environments.

Now, I've been called out before for insinuating that every dollar increase in the gold price goes straight to the bottom line for ASX 200 gold stocks. In reality, they may choose to process lower-grade ore or make other operational or capex decisions that might impact their profits amid the surging gold price.

Nonetheless, the 41% year-on-year increase in the price of the metal they dig from the ground has been a welcome boon for ASX gold miners.

How welcome?

Well, the S&P/ASX All Ordinaries Gold Index (ASX: XGD) – which also contains some smaller miners outside of the ASX 200 – has rocketed 49.5% over the past 12 months.

Drilling into the 12-month performance of some of the biggest ASX 200 gold stocks (as at market close on 6 August), here's how they stack up:

• Northern Star Resources Ltd (ASX: NST) shares are up 21.1%
• Newmont Corp (ASX: NEM) shares are up 43.3%
• Ramelius Resources Ltd(ASX: RMS) shares are up 50.8%
• Gold Road Resources Ltd (ASX: GOR) shares are up 94.9%
• Evolution Mining Ltd (ASX: EVN) shares are up 91.8%
• Perseus Mining Ltd (ASX: PRU) shares are up 44.4%
• West African Resources Ltd (ASX: WAF) shares are up 89.5%

Boom!

And these gains don't even include the dividends most of the miners paid out over this period.

Now, looking at the gains the Aussie gold miners have already delivered in the year gone by, you may think the ship has sailed on this golden profit opportunity.

But that bull run may be in its early days yet.

Why ASX 200 gold stocks could shine bright for years to come

Looking to the next three months first, Citi expects the gold price to trade in the range of US$3,300 to US$3,600 per ounce.

That means the ASX 200 gold stocks could be eyeing another 6.8% increase in the price of bullion.

"US growth and tariff-related inflation concerns are set to remain elevated during the second half, which alongside a weaker US dollar, are set to drive gold … to new all-time highs," Max Layton, Citi's global head of commodities research, said (quoted by The Australian Financial Review).

Then there's the growing role of central banks as major bullion buyers.

Liam Twigger, deputy chairman of Argonaut, expects ongoing central bank demand for the yellow metal to support higher gold prices – and ASX 200 gold stocks – for up to another decade.

"Every time the price comes off, the buyers of the bars are central banks, and that's a fundamental change – you've got quality buying," Twigger said. "So, we are looking at a long-term bull market… a probably five or 10-year run."

The post Why the roaring bull market for ASX 200 gold stocks may just be getting started appeared first on The Motley Fool Australia.

With political tension, global conflict, and widespread uncertainty, gold exposure can protect your portfolio from losses if there is a market downturn – like what we saw in April.

When shares and other assets fall, investors may start putting their money into gold, which can drive up its price (like what's happened this past year).

This has sparked a bull run for ASX gold shares in the past 6-12 months. 

But can the run keep on going?

Evolution Mining Ltd (ASX: EVN)

Evolution Mining is one of Australia's largest listed gold miners. The company engages in exploration, development, and production activities in both Australia and Canada.

Its share price has risen an impressive 91.04% over the past year and hit record highs in June. 

Based on guidance from Bell Potter, the share price of the ASX gold stock may be close to its peak. 

Bell Potter has lowered its earnings forecasts for Evolution Mining due to expected lower production and higher capital spending. 

Despite this, Evolution Mining still offers strong exposure to gold and copper, with quality assets and plans to return more cash to shareholders. 

The broker has a hold rating and price target of $8.10. This indicates a 5.6% upside. 

Northern Star Resources Ltd (ASX: NST)

Northern Star currently has gold production centres at its Kalgoorlie and Yandal projects in Western Australia and the Pogo goldfields in Alaska.

This ASX gold share has risen 15.96% over the last year. 

Bell Potter still has optimism around Northern Star shares. 

Projections from the broker indicate the company is showing solid growth and improving profitability, with stronger returns and increasing shareholder value expected through 2027.

The broker currently has a target price of $20.68 on the ASX gold share and an overweight rating. 

This indicates an upside of 25.5%. 

Gold Road Resources Ltd (ASX: GOR)

The company is a gold miner and explorer operating in Western Australia's northeast Goldfields region.

Its share price has flown 81.25% higher over the last year. 

However, broker Bell Potter indicates there isn't much further growth in sight for this ASX gold share. 

The broker has a hold recommendation and price target of $3.25. 

This suggests it's trading close to fair value based on its current price of $3.19. 

Another option for investors looking for physical gold exposure is the Global X Physical Gold (ASX: GOLD). 

The fund delivered investors a return mirroring the growth in the Australian dollar gold price. 

It has risen 43% in the last year. 

The post The end of the gold rush: Can these ASX Gold shares keep rising? appeared first on The Motley Fool Australia.

This stellar performance represents a 55% jump in the company's share price and leaves shareholders with plenty to smile about.

Not only that, but investors who bought shares in this ASX 200 gold miner a year ago would now be up by 75%.

A pretty good return, to say the least!

So, what has been driving the share price surge in this Aussie gold producer?

Let's find out.

What happened?

Gold Road is a well-established gold miner best known for its 50% stake in the Gruyere gold mine in Western Australia.

The company originally discovered this gold deposit back in 2013.

In 2019, Gold Road and its South African joint venture partner Gold Fields Ltd (NYSE: GFI) brought Gruyere into production.

Today, Gold Fields owns the remaining 50% stake in Gruyere.

But that might be about to change.

In a nutshell, the two miners entered a scheme implementation deed in May which could see Gold Fields acquire Gold Road in a $3.7 billion deal.

And on the day of the announcement, Gold Road shares rocketed by about 10% to $3.25 each.

What else?

This potential acquisition of Gold Road also coincides with a soaring gold price.

Over the last year, the price of the precious metal has jumped by nearly 40% to currently trade at about US$3,337 per ounce.

And a stronger gold price helps improve the company's financial performance and boost its share price.

For instance, in the second half of 2024 Gold Road saw its revenue of $316 million rocket by 49% from the previous half-year.

And its operating earnings (EBITDA) of $200 million more than doubled during this period.

What is Macquarie saying?

Macquarie analysts have now shared their views about Gold Road shares in a research report released on Wednesday.

In essence, the broker has placed a 'neutral' rating on the company with a 12-month target share price of $3.30.

This equates to a modest 3.13% increase from yesterday's closing price of $3.20.

Unsurprisingly, the broker's views are predominantly influenced by the proposed takeover.

It anticipates Golden Road to hold a shareholder meeting around September, where investors will be able to vote on the anticipated acquisition.

Macquarie noted that Golden Road continues to recommend that its shareholders vote in favour of the scheme with Gold Fields.

As such, it believes the takeover could be concluded around October this year, as long as the deal overcomes all remaining hurdles.

The post Up 55% this year, does Macquarie rate Gold Road Resources shares a buy, hold or sell? appeared first on The Motley Fool Australia.

Gold Road shares closed yesterday trading for $3.18. In morning trade on Thursday, shares are changing hands for $3.20 apiece, up 0.6%. This sees the Gold Road share price up 73.9% since this time last year.

For some context, the ASX 200 is up 0.4% today and up 6.7% over the past 12 months.

Here's what's catching ASX investor interest today.

ASX 200 gold share lifts on record gold sales prices

Investors are bidding up Gold Road shares today following the release of the miner's June quarterly update.

The ASX 200 gold share reported its Gruyere gold mine – Gold Road's 50:50 joint venture with Gold Fields Ltd (NYSE: GFI) – produced 72,980 ounces of gold (on a 100% basis). That's up from 71,226 ounces in the March quarter.

On the cost front, the all-in sustaining cost (AISC) came in at AU$2,928 per attributable ounce over the three-month period. That also sees costs up, with AISC in the March quarter of AU$2,658 per attributable ounce.

Looking ahead, the miner reiterated its expectations that Gruyere's full-year production will be at the lower end of guidance of 325,000 ounces to 355,000 ounces of gold. (That equates to 162,500 ounces to 177,500 ounces of gold attributable.)

Management also expects AISC to be around the top end of guidance of between AU$2,400 to AU$2,600 per ounce.

In other core metrics, the ASX 200 gold share reported quarterly gold sales of 37,741 ounces at a record average sales price of AU$5,131 per ounce.

And free cash flow generated for the June quarter increased to $44.7 million, up from $34.1 million in the prior quarter.

Cash and equivalents increased by 18.8% over the quarter to $242.1 million.

What's happening with the Gold Road acquisition?

The June quarter also saw the ASX 200 share receive a takeover bid from Gold Fields on 5 May.

Under the proposal, Gold Road shareholders will receive $2.52 per Gold Road share (less any special dividend paid prior to implementation of the scheme). Shareholders will also get a variable cash consideration equal to the full value of their proportionate holding in Northern Star Resources Ltd (ASX: NST).

Gold Road holds 49,258,234 shares in Northern Star.

Management said they intend to declare a fully franked special dividend should the scheme – which remains subject to various conditions – become effective.

The Gold Road board said they continue to unanimously recommend that shareholders vote in favour of the scheme, in the absence of a superior proposal.

The post Up 74% in a year, why is this ASX 200 gold share marching higher again on Thursday? appeared first on The Motley Fool Australia.

Shares in the S&P/ASX 200 Index (ASX: XJO) gold stock closed yesterday trading for $3.21. In afternoon trade on Wednesday, shares are changing hands for $3.17 apiece, down 1.3%.

Though you're unlikely to hear longer-term shareholders complain.

Spurred by a surging gold price (bullion is up 39% since this time last year at US$3,290 per ounce), Gold Road shares have soared 78.1% over 12 months.

Atop those outsized capital gains, shares in the ASX 200 gold miner also trade on a slender 0.6% fully franked dividend yield.

That sees Gold Road stockholders smashing the 9.4% one-year gains delivered by the ASX 200. And the stock has even nearly doubled the returns of the S&P/ASX All Ordinaries Gold Index (ASX: XGD), which is up 42.6% over the full year.

But with such a strong year behind it, what can ASX 200 investors expect now?

What's ahead for Gold Road shares?

Following on Tuesday's preliminary second quarter (2Q) trading update, the analysts at Macquarie Group Ltd (ASX: MQG) noted that the miner's gold production of 72,980 ounces missed its own estimates by 14%. Production came in 15% below consensus analyst estimates.

Despite that miss, investors still sent Gold Road shares up 0.3% by the closing bell on Tuesday.

And lower quarterly production impacted the miner's cash and gold holdings.

Macquarie noted:

The cash and bullion build of A$38m to a quarter-end balance of ~A$242m (up from ~A$204m in 1Q) was lower than our expectation of A$69m driven by the lower production/sales results.

As for the full 2025 calendar year production outlook, the broker noted that production at the Gruyere gold mine – Gold Road's 50:50 joint venture with Gold Fields Ltd (NYSE: GFI) – is tracking to the bottom end of CY 2025 guidance.

Unfortunately, costs are on the higher end. Gold Road reported all in sustaining cost (AISC) for CY 2025 is tracking towards the upper end of its guidance, which Macquarie said is in line with its own cost estimates.

Macquarie noted that Gold Road "anticipates full-year production to be at the lower end of guidance (325-355koz, 100% basis) with AISC expected to be at the higher end (A$2,400-2,600/oz)".

The broker said, "We estimate CY25 production of 163koz (lower end of guidance range: 163koz) at an AISC of A$2,601/oz (higher end of guidance range: A$2,600/oz)."

Positively, Macquarie noted that the takeover scheme which will see Gold Fields acquire all of Gold Road shares remains on track. But the broker cautioned that the roughly 13% decline in the Northern Star Resources Ltd (ASX: NST) share price since the offer was made could impact "the variable consideration component (linked to GOR's NST shareholding)".

Connecting the dots, Macquarie retained its neutral rating on the ASX 200 gold stock.

The broker has a price target of $3.30 on Gold Road shares. That's about 4% above current levels. And it doesn't include any upcoming dividends.

The post Up 78% in a year, what's Macquarie's price target for Gold Road shares now? appeared first on The Motley Fool Australia.

And, as we'll look at below, that remarkable run may only just be getting started.

Using the S&P/ASX All Ordinaries Gold Index (ASX: XGD) – which also contains smaller miners outside of ASX 200 gold stocks – as an example, the All Ords Gold Index has surged 50.8% since this time last year.

That's almost five times the 10.4% gains posted by the ASX 200 over this same time.

The unifying tailwind here, as you're likely aware, is the surging gold price.

One year ago, gold was trading for US$2,359 per ounce. On Tuesday, that same ounce was trading for US$3,332. Or a gain of 41.3%.

Here's how some of the leading ASX 200 gold stocks have performed over this same period (as at market close on 8 July):

• Northern Star Resources Ltd (ASX: NST) shares are up 32.0%
• Newmont Corp (ASX: NEM) shares are up 40.6%
• Ramelius Resources Ltd(ASX: RMS) shares are up 26.9%
• Gold Road Resources Ltd (ASX: GOR) shares are up 79.3%
• Evolution Mining Ltd (ASX: EVN) shares are up 109.1%
• Perseus Mining Ltd (ASX: PRU) shares are up 45.9%
• Bellevue Gold Ltd (ASX: BGL) shares are down 50.2%
• West African Resources Ltd (ASX: WAF) are up 64.0%

With the sole exception of Bellevue Gold shares – which have caught headwinds amid the miner's significant capital expenditure to develop its Bellevue gold project in Western Australia – you're unlikely to hear any stockholders complaining about the performance of their ASX 200 gold stock holdings this past year.

Now, the big question facing ASX investors today is, can the Aussie gold miners keep roaring higher in the year ahead?

Why ASX 200 gold stocks can keep shining bright into 2026

If Daan Stryuven, co-head of global commodities research at Goldman Sachs, has it right, ASX 200 gold stocks could enjoy significantly higher gold prices in the months ahead.

"We still expect the gold price to rise to US$4,000 per troy ounce, so that's another 20% of upside from here," Stryuven said last week.

And gold investors have central banks to thank.

According to Stryuven:

The main reason is really structurally higher demand from central banks. Central bank buying of gold has increased five-fold since '22 when Russia's central bank reserves got frozen.

And we just got the survey a couple of months ago surveying more than 70 central banks across the world, and the survey showed record high purchase intentions with no central bank that was surveyed indicating that they would reduce their gold holdings over the next 12 months.

Stryuven said a growing number of nations are working to diversify their holdings out of the US dollar.

 "I think the big potential winner from further dollar diversification is gold," he said.

And in what would be excellent news for investors in ASX 200 gold stocks, Stryuven added, "The next giant leap for gold markets could be private investors, who often feel like they're overallocated to the dollar, may reallocate to some extent out of dollar holdings into gold."

According to Stryuven:

That could be the next giant leap for gold markets because the gold market is 200 times smaller than the US S&P 500. It's 100 times smaller than the US treasury market. So, you only need a very small shift of flows into the much smaller gold market to cause very significant gold price upside.

And if the gold price needs any other tailwinds, Stryuven said, "It's also a great hedge against several of the key risks including tariff escalation or concerns about US fiscal sustainability."

The post Why the stellar bull run for ASX 200 gold stocks may only just be getting started appeared first on The Motley Fool Australia.

At the time of writing, the ASX 200 gold stock is up 1% to $3.24.

This compares favourably to the performance of the benchmark ASX 200 index, which is down 0.2%.

Why is this ASX 200 gold stock rising?

Investors have been hitting the buy button on Tuesday after the gold miner released a production update from the Gruyere gold mine joint venture.

Gold Road owns 50% of the world-class Gruyere gold mine, which was developed in joint venture with Gold Fields and produced its first gold in June 2019.

Its three-year production outlook ranges between 335,000 and 375,000 ounces per annum on 100% basis. It is also forecasting sustainable production at a ~350,000 ounces per annum rate with its life of mine reaffirmed to 2032 through a seven-stage mine plan. The ASX 200 gold stock notes that this makes it one of Australia's largest and lowest-cost gold mining operations.

What was announced?

This morning, ahead of the release of its quarterly report later this month, Gold Road has provided investors with a preliminary snapshot of production and sales.

Gold Road revealed that the Gruyere joint venture produced 72,980 ounces of gold on a 100% basis during the three months ended 30 June 2025. This was a modest increase on the 71,226 ounces produced in the March quarter.

However, while production ticked up, management flagged that its full year output is likely to only come in at the lower end of its guidance range of 325,000 to 355,000 ounces.

In addition, the ASX 200 gold stock has warned that its all-in sustaining costs (AISC) for the year are expected to land at the top end of its forecast range of A$2,400 to A$2,600 per ounce. Full AISC details will be confirmed in the upcoming June quarter report.

Gold sales and financial update

One positive was that Gold Road remains completely unhedged, which means it has full exposure to recent strength in the gold price.

As a result, Gold Road revealed that it sold 37,741 ounces of gold at an average price of A$5,131 per ounce.

In light of this, the company's cash and equivalents increased to approximately A$242.2 million, up from A$203.8 million in the previous quarter, with no debt drawn. Gold Road also reported that it holds listed investments worth around A$921 million, further strengthening its balance sheet.

Gold Road shares are now up 80% over the past 12 months.

The post Guess which ASX 200 gold stock is higher on big update appeared first on The Motley Fool Australia.

The ASX 200 energy sector is leading the market today with a very strong 4.97% gain at the time of writing.

The utilities sector is also buoyant, up 4.39%.

The weakest sector is technology, down 1.01%.

Meanwhile, eight ASX 200 shares have hit new price milestones.

Which ASX 200 shares just rose to a new high?

Charter Hall Long WALE REIT (ASX: CLW)

The Charter Hall Long WALE REIT lifted to a two-year high share price of $4.31 today.

There is no news from Charter Hall today.

However, falling interest rates are a likely tailwind for this ASX 200 real estate investment trust (REIT).

Interest rate cuts lower the cost of interest on a REIT's debt, and can lead to higher valuations for their property holdings.

Codan Ltd (ASX: CDA)

This ASX 200 technology share rose to a four-year high of $19.27 today.

There is no official news from Codan on Friday.

Austal Ltd (ASX: ASB)

This ASX 200 industrial share hit a new all-time high of $6.38 today.

The Australian global shipbuilder and services provider has made no announcements today.

However, news that a South Korean suitor is seeking to raise its stake in Austal has excited the market this week.

Macquarie has an outperform rating on Austal shares, with the stock well above the broker's latest 12-month target of $4.75.

Orica Ltd (ASX: ORI)

This ASX 200 materials share rose to a five-year high of $19.29 per share on Friday.

Macquarie thinks the commercial explosives provider has more room to run.

The broker has an outperform rating and a 12-month price target of $21.48 on Orica shares.

There is no news from Orica today.

Downer EDI Ltd (ASX: DOW)

Downer shares peaked at $6.24 per share in earlier trading.

This is a three-year high for the ASX 200 industrial share amid no company news today.

Gold Road Resources Ltd (ASX: GOR)

This ASX 200 gold share rose to a record high of $3.48.

Gold shares are ripping on Friday, with the S&P/ASX All Ordinaries Gold Index (ASX: XGD) up 3.95%.

The gold price is up 1.4% at the time of writing and trading above US$3,440 per ounce.

Investors continue to look to gold as a safe-haven investment amid escalating geopolitical tensions and economic uncertainty. 

There is no company-specific news from Gold Road Resources today.

Tabcorp Holdings Ltd (ASX: TAH)

The Tabcorp share price reached a 52-week high of 75 cents today.

There is no news from the ASX 200 gambling group today.

Macquarie has a neutral rating and a 12-month price target of 70 cents on this consumer discretionary share.

Karoon Energy Ltd (ASX: KAR)

This ASX 200 energy share lifted to a 52-week peak of $1.98 today.

The oil and gas explorer has no news for the market on Friday.

Meantime, its share buyback program continues.

The post 8 ASX 200 shares hitting multi-year highs today appeared first on The Motley Fool Australia.