Australia's Leading ASX Gold Mining Companies: 2025 Market Overview

Australia maintains its position as a global powerhouse in gold production, home to several large-scale mining operations that dominate international markets. The Australian Securities Exchange (ASX) lists a number of substantial gold mining companies with significant regional and international footprints. For those considering exposure to Australian gold mining companies, established operators offer proven operational histories and generally lower volatility compared to smaller exploration-focused entities.

The Investing News Network compiled data on April 24, 2025, examining major ASX gold mining companies by market capitalization and operational metrics using Trading View’s analytical tools.

1. Newmont (ASX:NEM) — Market Cap AU$94.2 Billion

Share Price: AU$85.20

Newmont ranks among the world’s foremost precious metals producers, operating across multiple continents including the Americas, Caribbean, Asia Pacific and African regions. The company’s multi-region asset base encompasses three substantial Australian gold operations: Boddington, Cadia and Tanami.

During 2024, these three Australian mining operations collectively yielded 1.46 million ounces of gold, with an average all-in sustaining cost (AISC) positioned at US$1,206 per ounce. Boddington, situated in Western Australia, counts among the nation’s most prolific gold-producing facilities. Although 2024 saw a production dip attributable to processing lower-grade ore material, management anticipates expanded output during 2026 following completion of pit optimization work at both northern and southern sections.

The Cadia operation similarly demonstrates strong credentials within Australia’s mining hierarchy, producing gold through gravity separation methods alongside copper-rich concentrates via flotation technology. Tanami, though generating smaller volumes than its counterparts, maintains status among Australia’s five largest operations. Expansion efforts designated as Tanami Expansion 2 are projected for completion in H2 2027, extending operational viability through 2040.

Shareholders receive semi-annual dividends, with the next distribution set for June 20, 2025 at AU$0.274 per share.

2. Northern Star Resources (ASX:NST) — Market Cap AU$23.81 Billion

Share Price: AU$20.84

Northern Star Resources operates as an Australian-headquartered precious metals company managing production centers at Kalgoorlie and Yandal in Western Australia, alongside the Pogo facility in Alaska. The company’s fiscal 2024 annual results (concluded June 30) documented gold sales of 1.62 million ounces at AISC of AU$1,853 per ounce, aligning with forward guidance issued earlier.

For the 2025 fiscal year, management has established production guidance within the 1.65 to 1.8 million ounce range. The organization recently elevated its semi-annual dividend distribution from AU$0.15 to AU$0.25 per share, with the latest payment processed on March 27, 2025.

A significant corporate milestone occurred in April 2025 when Northern Star Resources successfully navigated final regulatory approval to finalize its acquisition of De Grey Mining, incorporating the substantial Hemi gold project located in Western Australia’s Pilbara district into its operational portfolio.

3. Evolution Mining (ASX:EVN) — Market Cap AU$15.72 Billion

Share Price: AU$7.99

Headquartered in New South Wales, Evolution Mining operates as a diversified precious metals producer managing five mines distributed across Queensland, New South Wales, Western Australia, and the Red Lake facility in Ontario, Canada. The company maintains exposure across both gold and copper commodities.

Evolution’s March 2025 quarterly filing revealed total gold output of 179,778 ounces during the quarter at AISC of AU$1,616 per ounce—representing industry-competitive efficiency metrics. For fiscal 2025 (ending June 30), the company projects 710,000 to 780,000 ounces of annual production, with expected AISC between AU$1,475 and AU$1,575 per ounce.

An expansion initiative is scheduled to commence in July targeting the Cowal gold mine in New South Wales, with the objective of extending mine life through 2042. This AU$430 million investment program spanning seven years is modeled to generate a 34 percent rate of return using gold price assumptions of AU$3,300 per ounce. The company distributed its semi-annual dividend of AU$0.07 per share on April 4, 2025.

4. Perseus Mining (ASX:PRU) — Market Cap AU$4.49 Billion

Share Price: AU$3.32

Perseus Mining’s operational portfolio encompasses three producing assets: Edikan located in Ghana, with Sissingué and Yaouré positioned in Côte d’Ivoire. Calendar year 2024 combined output from these mines reached 502,109 ounces of gold at weighted-average AISC of US$1,147 per ounce, as documented in the company’s December 2024 quarterly report.

Beyond active mining operations, Perseus maintains a 70 percent stake in the Meyas Sand gold prospect in Sudan and holds a 31.4 percent interest in the Koné gold development in Côte d’Ivoire. The organization issued its semi-annual dividend of AU$0.025 on April 8, 2025.

During January 2025, Perseus made a formal final investment decision on the CMA underground project, aimed at extending productive life at the Yaouré mine through 2035, with development activities targeted to begin mid-2025.

5. Genesis Minerals (ASX:GMD) — Market Cap AU$4.42 Billion

Share Price: AU$3.89

Genesis Minerals operates as a gold development and exploration enterprise concentrating on its flagship Leonora district initiative in Western Australia. The project comprises the Admiral open-pit mine, Orient Well and Puzzle deposit areas, together with Gwalia and Ulysses underground mines and the associated 3 million tonnes annually Leonora processing facility. Additional assets include Laverton operations featuring the Hub pit and associated mill infrastructure.

The company’s March 2025 quarterly results documented 59,767 ounces of gold production for the period, with AISC positioned at AU$2,323 per ounce. Genesis maintains confidence in achieving fiscal 2025 annual guidance of 190,000 to 210,000 ounces at AISC of AU$2,200 to AU$2,400 per ounce. In April 2025, Genesis disclosed an increase in total ore reserves to 3.7 million ounces, reinforcing its operational foundation.

Disclosure: The securities analysis presented reflects publicly available data and should not be construed as investment recommendation. Individual circumstances vary, and consultation with qualified financial advisors is advised before making investment decisions.