How are these five ASX-listed gold stocks performing today?

5 min read | October 11, 2022 02:28 AM BST | By Ritwika

Highlights: 

  • The benchmark S&P/ASX 200 is up today, gaining 0.38% to 6,693.10 points at 12:00 PM AEDT.
  • Seven out of eleven sectors were higher, Materials was the best performing sector.

Of all the eleven significant sectors under the benchmark S&P/ASX 200 index, seven sectors were spotted buzzing in the green territory on ASX today, along with the index itself. Materials sector was spotted leading the gains, while the Energy sector was seen marking losses on ASX. 

The benchmark S&P/ASX 200 (INDEXASX:XJO) was quoted 0.372% higher at 6692.6 points, up 24.8 points as of 12:00 PM AEDT today (11 October 2022).  

Meanwhile, the S&P/ASX 200 Materials sector (INDEXASX:XMJ) was quoted 1.277% higher at 16066 points, up 202.5 points around the same time.

This article primarily features respective performances of five significant ASX-listed gold stocks - Newcrest Mining Limited (ASX:NCM), Northern Star Resources Ltd (ASX:NST), Evolution Mining Limited (ASX:EVN), Perseus Mining Limited (ASX:PRU), and Silver Lake Resources Limited (ASX:SLR). 

Newcrest Mining Limited (ASX:NCM) 

Shares of the gold miner Newcrest Mining Limited (ASX:NCM) opened Tuesday's trading session on a positive note. Newcrest's share price was marginally higher, up 0.115% at AU$17.400 per share at 10:09 AM AEDT today. 

Newcrest Mining is an ASX-listed gold and copper concentrates explorer, developer, miner and seller. At present, Newcrest is considered the largest gold miner in Australia. The company has also marked its presence in Indonesia.  

Cadia East Ridgeway is the primary gold and copper mining project of Newcrest. Along with that, Telfer Mine in the Pilbara Region of Western Australia is also another significant gold mine operated by Newcrest. 

Over the last 12 months, Newcrest's share price has dropped 27.45% and on a year-to-date basis, the company's share price declined by almost 29% on ASX (as at 10:09 AM AEDT today). 

Image source: © Awcnz62 | Megapixl.com

Northern Star Resources Ltd (ASX:NST) 

Australian gold miner Northern Star Resources Ltd (ASX:NST) shares opened trading marginally lower on ASX on Tuesday morning. The company's share price fell 0.121% to AU$8.220 per share at 10:15 AM AEDT today. 

Northern Star is an ASX-listed company that belongs to the Materials sector. The company identifies itself as one of the gold mining companies in Australia with world-class projects based on low-cost and high-grade underground gold mines. Northern Star's gold mines are located in prospective and low sovereign-risk regions in Western Australia and Northern Territory. The gold mining projects include Jundee Kundana, Central Tanami Project and other gold deposits in Western Australia and the Northern Territory. 

In a year's time, Northern Star's share price has declined approximately 12% and on a year-to-date basis, the gold miner's share price fell by almost 13% on ASX (as of 10:15 AM AEDT today). 

Image source: © Bendicks | Megapixl.com

Evolution Mining Limited (ASX:EVN)

Shares of the gold miner Evolution Mining Limited (ASX:EVN) opened trading in the red territory on ASX on Tuesday morning. Evolution Mining's shares were spotted trading 0.767% lower at AU$1.940 per share at 10:21 AM AEDT today. 

Incorporated in 1998, Evolution Mining Limited is a Sydney-based gold mining company in Australia. The company is primarily involved with operating, identifying and developing gold mining projects in both Australia and New Zealand. Evolution owns and operates about seven gold mines in Western Australia. Some of the significant mines owned by Evolution are Cowal in New South Wales, Pajingo, Mt Carlton, Cracow and Mt Rawdon in Queensland, and Mungari and Edna May. Evolution holds a market capitalisation of AU$3.58 billion at present. 

Within a year’s span, Evolution's share price has fallen approximately 48% and on a YTD basis, Evolution's share price fell over 52% on ASX (as of 10:21 AM AEDT today). 

Perseus Mining Limited (ASX:PRU) 

Shares of African gold miner Perseus Mining Limited (ASX:PRU) were spotted trading at AU$1.595 apiece at 10:24 AM AEDT today. 

Based in West Africa, Perseus Mining Limited is listed under the Materials sector on ASX. The company is solely involved in mining, mineral exploration and evaluation and development of gold mines. The company owns and operates several gold mines in Africa. Some of the significant gold mines owned and operated by Perseus are Sissingué Gold Mine in Côte d'Ivoire, Grumesa Gold Project, You're Gold Project, and Edikan Gold Mine in Ghana. Perseus holds a market capitalisation of AU$2.17 billion at present. 

Over the last one year, Perseus' share price has gone up 6.33% and on a YTD basis, the company's share price has fallen 3.33% on ASX (as of 10:24 AM AEDT today). 

Image source: © Bashta | Megapixl.com

Silver Lake Resources Limited (ASX:SLR) 

Gold mining business Silver Lake Resources Limited (ASX:SLR) shares opened trading in the red territory on ASX today. Silver Lake's share price fell by 0.843% to AU$1.175 per share at 10:27 AM AEDT on Tuesday. 

Incorporated in 2004, Silver Lake Resources Limited is an Australian gold producer that mainly operates in the Eastern Goldfields district of Western Australia. The company is involved with the business of gold exploration with tenements in the Mount Monger goldfields in Western Australia. Apart from that, Silver Lake has also been an active participant in the evolution of the Mount Monger operation Murchison operation and the Great Southern Gold project.

During the last 12 months, Silver Lake's share price has declined almost 24% and on a year-to-date basis, Silver Lake's share price has lost over 33% on ASX (as of 10:27 AM AEDT today). 


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