Highlights

  • Ramelius Resources shares rose 6.30% to AUD 4.39, reflecting strong medium- and long-term gains.
  • Newmont Corporation CDI increased 5.84% to AUD 166.59 following bushfire updates at Boddington.
  • Gold prices reached a record USD 4,593.92 per ounce amid geopolitical tensions and interest rate expectations.

Gold prices surged to USD 4,593.92 per ounce on Monday, marking a 1.85% daily gain as investors moved toward safe-haven assets amid rising global uncertainty. The rally was partly driven by concerns surrounding the Federal Reserve’s independence after Chair Jerome Powell disclosed he had faced threats of criminal charges linked to his Senate testimony last June.

Geopolitical tensions added further support, with Iran’s parliament speaker issuing warnings to the US and Israel amid ongoing protests, following former President Donald Trump’s threats of military action. At the same time, expectations of potential US interest rate cuts strengthened gold’s appeal. December job growth data showed slower-than-expected hiring, prompting speculation of two rate cuts later this year, even as the Fed is widely expected to hold rates steady at its upcoming meeting.

Collectively, these factors have pushed gold prices up 72.16% year-to-date and 6.65% over the past month, highlighting sustained investor appetite for the precious metal.

Here Are the 2 ASX Stocks Which Have Performed Well and Ride the Gold Way

Against this backdrop, Ramelius Resources (ASX:RMS) and Newmont Corporation (ASX:NEM) have emerged as standout performers on the ASX. Both stocks have delivered strong share price gains, reflecting investor confidence in their exposure to rising gold prices, solid balance sheets, and operational resilience.

Ramelius Resources: Share Performance Leads on Strong Fundamentals
Ramelius Resources (ASX:RMS) shares closed at AUD 4.39 on 12 January, up 6.30% for the day. The stock has gained 10.30% over the past month, 79.92% over six months, and 101.38% over the past year, underscoring strong market confidence.

Supporting this performance, Ramelius reported production of 45,610 oz for the December 2025 quarter, lifting year-to-date output to 100,623 oz and keeping FY26 guidance of 185,000–205,000 oz firmly on track. Underlying free cash flow reached AUD 67m, while cash and gold assets totalled AUD 694.3m, highlighting a robust financial position.

Operationally, the Dalgaranga mine development remains on schedule, with first Never Never ore expected in March 2026. Expansion at the Mt Magnet plant and exploration programs at Penny, Cue, and Galaxy also progressed as planned. During the quarter, the company signed a Native Title Mining Agreement at Rebecca-Roe and announced a AUD 250m share buyback program, further supporting investor sentiment.

Newmont Corporation: Share Gains Backed by Operational Resilience
Newmont Corporation (ASX:NEM) shares closed at AUD 166.59, up 5.84% for the day, extending gains of 11.02% over the past month, 81.06% over six months, and 161.19% over the past year.

The latest share move followed updates on bushfires at the Boddington operation in Western Australia. The fires were largely contained by 28 December, with all personnel remaining safe. Key infrastructure—including the pit, processing plant, tailings facility, and administrative buildings—remained intact, although some water supply infrastructure sustained damage.

Mining operations are currently running at 50–60% capacity, with full restoration expected by February 2026. While first-quarter output is forecast to be reduced by around 60,000 oz, Newmont confirmed that its 2025 production guidance remains unaffected, reinforcing confidence in its global portfolio and operational management.

Looking Ahead
As gold continues to trade at record highs, Ramelius Resources and Newmont Corporation appear well-positioned to benefit from sustained investor interest. Strong share performance, solid operational execution, and financial stability continue to underpin their appeal in the current gold-driven market environment.