The gold price may have receded from the new all-time high above AU$6,860.28 per ounce set in Q1, but the yellow metal is still trading at historic highs in the second quarter.
The gold bull market has been well-supported by a number of factors. Among them is the pervading geopolitical turmoil and global economic uncertainty driving elevated institutional and central bank gold buying.
The high gold price has boosted margins for gold producers, and investment in the sector has increased during over the course of the year, pushing up share prices and interest in gold equities.
How has this bull market affected ASX-listed gold stocks?
Read on to discover which Australian gold companies have seen the biggest gains so far in 2026.
Data for this article was retrieved on June 8, 2026, using TradingView’s stock screener, and only companies with market capitalisations greater than AU$10 million at that time were considered.
1. PC Gold (ASX:PC2)
Year-to-date gain: 254.93 percent
Market cap: AU$250.84 million
Share price: AU$1.26
PC Gold’s main focus is its wholly owned Spring Hill gold project, located in the Pine Creek region of Australia’s Northern Territory. Granted mining leases and environmental approvals are in place to start open-pit mining.
The company is currently working on infill drilling to upgrade resource confidence, while also exploring for new mineralisation to increase the resource base and explore the potential for underground mining.
On January 22, the company reported that initial resource definition drilling hit extensive visible gold within the Hong Kong lode and high-grade gold in the Macau. Soon after, the company shared it secured all approvals to reopen the historic Spring Hill underground adit.
Shares of PC Gold were trading at AU$0.36 at the start of the year, and rose alongside the gold price and the positive news to AU$0.60 on January 29.
Adding to its momentum were the February 2 announcement that a drill hole in the Hong Kong zone returned 25 metres at 36.83 g/t gold from 283 metres and the February 9 completion of a C$24 million financing to fund further drill work and feasibility study activities.
The stock hit AU$0.98 on March 5 after the March 3 release of drill data, including a highlight of 14.9 metres at 3.84 g/t gold from 143.1 metres.
As for Q2, by April 23 had climbed to AU$1.36 per share. On May 4, PC Gold released further gold assay results for four holes, which the company stated confirmed mineralisation is still open. One hole intersected 10 metres at 4.51 g/t gold from a depth of 161 meters, 11.5 metres at 1.12 g/t gold from 227.5 metres and 4 metres at 2.3 g/t gold from 245 metres.
Company shares struck their highest value year-to-date at AU$1.47 on May 14.
On May 21, PC Gold shared more assay results from ongoing drilling at Spring Hill, including from the Link zone and a new mineralised footwall lode parallel to Macau. In the release, the company said it expects to release an updated mineral resource estimate in June.
2. OzAurum Resources (ASX:OZM)
Year-to-date gain: 72.55 percent
Market cap: AU$25.18 million
Share price: AU$0.088
OzAurum is a gold exploration and development company with two wholly owned advanced-stage gold projects in Western Australia, Mulgabbie North and Patricia.
Located in the Eastern Norseman-Wiluna Greenstone Belt, the projects are in the same region as Northern Star Resources’ (ASX:NST,OTCPL:NESRF) Carosue Dam gold mine.
OzAurum is currently working to advance Mulgabbie North to the feasibility stage.
On March 10, the company received environmental approval for Stage 1 open pit mining and heap leach operations at Mulgabbie North. Later that week, an 18,000 metre grade-control drilling program was launched within the Stage 2 open pit designs as part of the ongoing Heap Leach Feasibility Study. OzAurum closed out the month with strong results from its heap leach metallurgical test, highlighting high gold recoveries of up to 90 percent.
For much of the second quarter, OzAurum has published a series of high-grade gold results from its ongoing drill program at Mulgabbie North. This includes a June 11 press release with shallow high-grade gold intercepts, including 1 metre at 16.11 g/t gold from 25 metres deep in one hole, and 1 metre at 15.33 g/t gold from 26 metres in another.
Shares of OzAurum reached a year-to-date high of AU$0.13 on February 3.
3. Riversgold (ASX:RGL)
Year-to-date gain: 71.43 percent
Market cap: AU$25.27 million
Share price: AU$0.012
Riversgold is advancing its Northern Zone gold project. Northern Zone, part of the company’s Kalgoorlie project, is located to the east of Kalgoorlie in Western Australia. Riversgold has a right-to-mine and co-operation agreement for Northern Zone with MEGA Resources through which the latter will provide all development and mining funding for a 50/50 profit share.
Its portfolio in the state also includes the Tambourah project and Wodgina East iron project. In New Brunswick, Canada, its Saint John gold-copper antimony project is being explored by earn-in partner AIS Resources (TSXV:AIS,OTCPL:AISSF).
Shares of Riversgold started the year at AU$0.007, but quickly tripled to a year-to-date high of AU$0.021 by January 21. The rise came after the company reported intersections of shallow gold mineralisation at the Northern Zone project including 8 metres at 5.81 g/t gold from 46 metres. The release also shared news of a AU$2.15 million capital raise at AU$0.01 per share, including the purchase of 100 million shares by partner MEGA Resources.
Throughout much of Q1, the strong gold price and a steady flow of news helped the company’s share price remain elevated above AU$0.015. On February 17, Riversgold announced that all objections to its application for a mining lease covering the Northern Zone project had been settled.
In addition, on February 26, Riversgold increased the tenement package for the Kalgoorlie project by 820 percent to 6.75 square kilometres.
In May, Riversgold increased the size of the overall land package by a further 20 percent to 10.2 square kilometres when it signed an agreement to acquire a new tenement package adjoining the Kalgoorlie project.
The company released more significant drill results on April 15, reporting shallow gold mineralisation with some of the best grades and width seen to date. The gold was encountered in the area between the central saddle and eastern mineralised zone, with intervals including 15 metres grading 5.62 g/t gold from 48 metres of depth, and individual metre assay results up to 71 g/t gold.
In late April, Riversgold began geotech drilling at Kalgoorlie for open pit design as part of finalizing its mine development and closure plan.
4. Dalaroo Metals (ASX:DAL)
Year-to-date gain: 57.5 percent
Market cap: AU$22 million
Share price: AU$0.063
Dalaroo Metals is focused on gold and critical minerals exploration and development projects. The company’s portfolio includes gold exploration assets in Côte d’Ivoire, including the Bondoukou and Bongouanoa gold projects within the Birimian Greenstone Belt of West Africa.
In early February, Dalaroo announced it had begun systematic field mapping, stakeholder engagement and integrated drill targeting studies in preparation for a drill program at Bongouanoa. Later in the month, the company entered into a binding agreement with Goldridge Resources SARL to acquire an 80 percent interest in the Bondoukou gold project.
On March 4, the company launched geological field mapping work at Bondoukou. Days later, high-grade gold assay results from reconnaissance rock chip sampling on the project were reported to have returned gold grades of up to 17.95 g/t gold. On March 18, Dalaroo announced that the field work revealed a “large structurally controlled gold corridor extending approximately 2.5 km in strike length and up to 400 m in width.”
In early June, Dalaroo shared soil sampling results which identified a 4.3 kilometre long coherent gold anomaly and a peak soil assay of 2.19 g/t gold.
Shares of Dalaroo reached a year-to-date high of AU$0.10 on January 19.
5. Pacgold (ASX:PGO)
Year-to-date gain: 55.17 percent
Market cap: AU$58.44 million
Share price: AU$0.135
Pacgold is advancing near-term gold production at its newly acquired and wholly owned White Dam gold operation in South Australia.
Completed in December 2025, Pacgold’s White Dam acquisition includes existing pits, a heap leach facility, a fully operational gold plant and camp infrastructure.
The company is also planning to spinout its large-scale Alice River gold project in Northern Queensland to form another publicly traded company, Manda Resources, with an ASX IPO expected in late 2026.
After starting the year at AU$0.09, shares of Pacgold first spiked on January 28 to AU$0.17 as gold prices soared.
On February 22, Pacgold shared initial results from a large infill drilling program aimed at expanding and upgrading the White Dam’s 2020 mineral resource estimate. According to the company, the results “confirm high grade gold and strong conformity with (the) MRE block model.”
Shares in Pacgold reached a year-to-date high of AU$0.18 on February 25.
The company achieved a restart to production at White Dam in early April and poured its first gold doré bar in early May. It is continuing to advance the mining operations through its three phrase growth strategy to reach full production.
FAQs for ASX gold stocks
How to invest in gold on the ASX?
As Australia is a top gold-mining jurisdiction and the country’s government is supportive of mining, there are plenty of options for investing in gold on the ASX.
Between gold miners operating major projects and gold explorers hunting for the next significant gold discovery, investors can choose what kind of company matches their risk appetite and portfolio.
When looking for a gold company to invest in, be sure to do your due diligence and learn about the company’s key characteristics, including its leadership team, its finances and the geology of its projects.
How to buy gold stocks on the ASX?
Once you’ve selected a company or multiple companies to invest in, you can buy gold stocks using trading apps with access to ASX stocks, or you can get the help of a stock broker.
How to buy gold ETFs on the ASX?
For investors who prefer broader exposure to a sector, exchange-traded funds (ETFs) are a good option, and the ASX is home to multiple gold-focused ETFs. Because they are traded on exchanges like stocks, you can buy ETFs using the same methods described above. ASX-listed gold ETFs to consider include:
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Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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