Top 5 ASX Gold Stocks in 2026

1. PC Gold (ASX:PC2)

Year-to-date gain: 147.89 percent
Market cap: AU$175.04 million
Share price: AU$0.88

PC Gold’s main focus is its wholly owned Spring Hill gold project, located in the Pine Creek region of Australia's Northern Territory. The property has a JORC-compliant mineral resource estimate of 25.6 million tonnes at 1 gram per tonne (g/t) gold. 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. Drill results will be used to complete a feasibility study for Spring Hill.

In late January, PC Gold released a series of updates on its drill campaign. High-grade gold was intersected in initial resource definition drilling, confirming strong mineralisation within the Hong Kong and Macau lodes. Extensive visible gold was also observed in five resource definition holes within and outside the current resource estimate envelope.

In addition to that, the company shared that it had secured all the regulatory approvals necessary to reopen the historic Spring Hill underground adit, calling it a "major milestone." The advancement gives PC Gold a cost-effective means of accessing the mineralisation in this zone for underground diamond drilling.

Shares of PC Gold were trading at AU$0.36 at the start of the year, and rose alongside the gold price to AU$0.60 on January 29. News in February added to its momentum, starting with 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, including 2 metres at 444.3 g/t gold from 304 metres. On February 9, the company completed a C$24 million financing that will help fund further drill work as well as feasibility study activities. By February 11, PC Gold's value had hit AU$0.82 per share.

Company shares struck their highest value year-to-date at AU$0.98 on March 5 after the March 3 release of drill data highlighting 14.9 metres at 3.84 g/t gold from 143.1 metres, including 0.98 metres at 30.6 g/t gold from 147.9 metres.

2. 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 Kalgoorlie gold project in Western Australia.

The company has a right-to-mine and co-operation agreement with MEGA Resources through which the latter will provide all development and mining funding for a 50/50 profit share.

Shares of Riversgold started the year at AU$0.10, but quickly doubled to a year-to-date high of AU$0.20 by January 20. The rise came after the company reported intersections of shallow gold mineralisation at Kalgoorlie, including 8 metres at 5.81 g/t gold from 46 metres. It also announced a AU$2.15 million capital raise.

Throughout Q1, the strong gold price and a steady flow of news helped the company meet that high several times. On February 17, Riversgold announced that all objections to its application for a mining lease covering the project had been settled. Later in the month, the company shared that its first drill program for 2026 had been completed, with assay results to be reported in the coming weeks. In addition, on February 26, Riversgold increased the tenement package for Kalgoorlie by 820 percent to 6.75 square kilometres.

3. Hamelin Gold (ASX:HMG)

Year-to-date gain: 71.43 percent
Market cap: AU$25.78 million
Share price: AU$0.10

Hamelin Gold's portfolio includes landholdings in the Tanami, Paterson and Yilgarn gold provinces of Western Australia. Its wholly owned exploration-stage West Tanami gold project includes 100 kilometres of strike along the Trans-Tanami structural corridor that hosts Newmont's (NYSE:NEM,ASX:NEM) Callie gold deposit in the Northern Territory.

A key target for 2026 is the Venus gold project, which is located within the prolific Murchison gold district with Westgold Resources' (ASX:WGX,OTCPL:WGXRF) Comet gold mine at the border of the project. On January 27, the company shared that it had commenced a "detailed airborne magnetic survey over the southern half of the project and a second phase of soil sampling over previously untested targets along strike to the south of the Comet Gold Mine."

Another area of focus for Hamelin this year is the Day Dawn gold project, which is situated in the Paterson province of Western Australia. A detailed review of historical drilling datasets resulted in the identification of the high-grade Aurora gold lode on the project, according to a February 9 news release.

Shares of Hamelin achieved a year-to-date high of AU$0.18 on February 26.

4. Horizon Gold (ASX:HRN)

Year-to-date gain: 55.23 percent
Market cap: AU$217.31 million
Share price: AU$1.32

Horizon Gold is an exploration company focused on its wholly owned Gum Creek project in Western Australia. The project currently contains a JORC mineral resource estimate of 37.97 million tonnes at 1.89 g/t gold for 2.3 million ounces. The indicated portion represents 71 percent of the total resource ounces.

Shares of Horizon Gold were trading at AU$0.81 in early January and climbed to AU$0.96 on January 30 as gold rose higher. By February 17, the stock's value had climbed to AU$1.29 per share.

On February 23, the company reported high-grade intercepts from drill work at the Kingfisher prospect, including 4 metres at 11.35 g/t gold from 431 metres, including 1 metre at 42.2 g/t gold from 432 metres.

Horizon Gold shares hit a year-to-date high of AU$1.55 per ounce on March 11.

5. Torque Metals (ASX:TOR)

Year-to-date gain: 44.83 percent
Market cap: AU$233.8 million
Share price: AU$0.42

Torque Metals holds a substantial land package that covers 1,200 square kilometres in Western Australia's Goldfields and is located about 90 kilometres southeast of Kalgoorlie.

This includes the firm's flagship Paris gold project, which hosts three identified deposits. Extensive exploration and more than 25,000 metres of drilling on the property since its acquisition in 2021 led to the delineation of a maiden mineral resource estimate that outlines 250,000 ounces of shallow gold at 3.1 g/t gold.

During Q1, Torque's activities generated a few notable pieces of news. On January 29, Torque shared that mining development and permitting activities had commenced, including mine development closure planning and associated studies to support submissions as part of the regulatory approval process for its proposed mining operations.

News released on February 12 concerning drill results highlights a standout intercept of 20 metres at 5.8 g/t gold from 222 metres, including 7 metres at 13.5 g/t gold from 225 metres. The results confirm Paris as a multi-lode gold system with down-plunge continuity of at least approximately 700 metres below the 2024 mineral resource estimate.

Shares of Torque reached a year-to-date high of AU$0.50 on March 11.

FAQs for ASX gold stocks