Gold Digger: These ASX gold miners have dropped early production numbers - Stockhead

AI desk brief

State Street’s gold team kept a base-case forecast of US$4,750-5,500/oz, trimming conviction to 60% from 70% because of the Fed’s hike and a stubbornly firm US dollar, while still arguing structural drivers remain intact. They highlighted US$11.7bn of US-listed gold ETF inflows in Q3, including US$3.7bn in September despite multi-decade highs in long-end nominal and real Treasury yields, and pointed to continued PBoC buying of 740koz in September for a 23rd straight month of accumulation.

The piece then runs through a wave of September-quarter updates from ASX gold names. Highlights include West African Resources producing 127,950oz and selling 135,245oz at US$4,240/oz, Regis generating A$146m in cash and bullion before tax, Ramelius delivering 48,839oz, Capricorn 31,218oz, and Emerald 23,003oz at an average selling price of US$4,255/oz; smaller names included Alkane, Meeka, Kaiser Reef and Native Mineral Resources, with NMR entering a trading halt to refinance debt.