5 Top Gold Stocks 2024

Global gold consumption is predicted to reach 4,450 tonnes by 2025, stabilizing below recent high levels. During this period, rising jewelry consumption and a recovery in the high-tech manufacturing market are expected to be the primary drivers of demand growth. It is anticipated that starting in 2024, jewelry consumption will rise dramatically to 2,350 tonnes by 2025.

?Reference:?Australian Government, Department of Industry, Science, and Resources,

Let’s watch for the Top Gold Companies in 2024, as follows:

[Note]: The market cap and the share price of the selected ASX companies below are mentioned as of 8 March 2024.

1. Northern Star Resources Limited (ASX: NST)

Market cap: $16.54 billion

CMP: $14.395

NST is a prominent gold miner that operates mines and conducts exploration initiatives in Alaska and Washington. With an AISC of A$1,730–1,790 per ounce, the company is well-positioned to deliver 1,600–1,750 koz of gold in fiscal year 2024.

2. De Grey Mining Limited (ASX: DEG)

Market cap: $2.45 billion

CMP: $1.323

DEG operates in one of the most robust Tier 1 mining jurisdictions globally, conducting gold exploration and development operations. The company has established itself in Western Australia's prospective Mallina Basin of the Pilbara Craton. The company's extensive drilling plans to increase gold resources at the Hemi project give it a positive outlook.

3. Besra Gold Inc. (ASX: BEZ)

Market cap: $63.44 million

CMP: $1.5

One of the top gold mining companies stock, Besra Gold Inc., is dedicated to the development and exploration of the Bau Goldfield. At BEZ's Bau Gold Project, the company's dedication to meeting contractual obligations, verifying operational procedures, and attaining favorable exploration outcomes is demonstrated by the productive production of gold concentrate.

4. ROX Resources Limited (ASX: RXL)

Market cap: $59.10 million

CMP: $0.16

RXL is a mineral exploration company that is investigating additional resources in WA and advancing studies into the redevelopment of the Youanmi Gold Project.

5. Genesis Minerals Limited (ASX: GMD)

Market cap: $2.15 billion

CMP: $1.913

GMD is presently involved in the exploration and development of gold mines in Australia. With drilling aimed at extending the existing mineral resource, the company plans to establish a long-term independent underground gold mining and processing facility.

Reference: *All data has been sourced from company announcements and Refinitiv, Thomson Reuters.