5 ASX gold shares that hit multi-year highs today

MotleyFool
04-08

Five ASX gold shares, ranging from the $22 billion large-cap Northern Star Resources Ltd (ASX: NST) to the $1.3 billion small-cap Catalyst Metals Ltd (ASX: CYL), hit new multi-year price highs amid the broader market rebound today.

The S&P/ASX 200 Index (ASX: XJO) closed 2.27% higher, and the S&P/ASX All Ordinaries Index (ASX: XAO) also closed up 2.39%.

The S&P/ASX All Ordinaries Gold Index (ASX: XGD) lifted 4.47% despite a volatile gold commodity price today.

Which 5 ASX gold shares reached a new multi-year record?

Northern Star Resources Ltd (ASX: NST)

The Northern Star share price rose by 5.4% to hit a new record high of $19.60 on Tuesday.

The ASX gold large-cap share has lifted 29% over the past 12 months.

There was no news from Northern Star Resources today.

De Grey Mining Limited (ASX: DEG)

The De Grey Mining share price lifted 5.8% to an 18-year high of $2.285.

The ASX mid-cap share has risen 72% over the past year, largely due to Northern Star's $5 billion takeover offer in December.

De Grey shares are now trading higher than the implied offer price of $2.08 per share, which was a 36.8% premium at the time.

De Grey did not release any company news today.

Gold Road Resources Ltd (ASX: GOR)

Gold Road Resources shares swelled by 4.4% to reach a record high of $3.07 today.

The ASX 200 mid-cap share has rocketed 79% over the past 12 months.

The miner announced the completion of an underground exploration target review for its Gruyere mine in Western Australia today.

Gold Road said the target estimate ranges from approximately 25 to 31 million tonnes at 1.20 to 1.47 g/t Au for 1.0 to 1.5 million ounces (on a 50% basis, given Gold Road is a 50% joint venture partner in the Gruyere mine).

Gold Road CEO Duncan Gibbs said:

As Gold Road has long maintained, the underground mining potential has the ability to transform Gruyere into a multi-decade life mine and is expected to add material value to the Gruyere JV and Gold Road shareholders.

Regis Resources Ltd (ASX: RRL)

The Regis Resources share price lifted 6.8% to a four-year high of $4.22 today.

The ASX 200 mid-cap gold share has increased by 100% over the past year.

Regis did not release any news today. However, yesterday, the miner released preliminary unaudited figures for the March quarter.

The miner said it was "another solid quarterly performance" that had strengthened its balance sheet and supported its FY25 guidance.

Catalyst Metals Ltd (ASX: CYL)

Catalyst Metals shares rose by 7.5% to a new record high of $6.04 on Tuesday.

The ASX 200 small-cap gold share has lifted 703% over the past 12 months.

Catalyst Metals did not release any company news today.

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