Going for gold: ASX goldies on the cusp of production - Stockhead

AI desk brief

Several ASX gold developers are moving from buildout to production, with ramp-ups now a key focus and first gold targeted across 2026-2027. West Wits has poured first gold at Qala Shallows and is targeting 70,000oz/yr, while Vertex has poured its first gold bar and is aiming for at least 1,000oz/month; Great Divide also started first cash flow at Adelong and plans to lift output toward 25,000oz/yr.

In Africa, Theta Gold Mines is building TGME with first gold targeted in Q1 next year and Toubani is on track for Q3 next year at Kobada, where a resource update is due later this month. In WA, Forrestania, Brightstar, Rox, Maritana, OzAurum, Great Boulder and GoldArc are all at various stages of construction, refurbishment or permitting, with several first-gold targets clustered in 2027 and a number of projects supported by existing resources and infrastructure.