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The price of gold rose in the first quarter to a new all-time high of above AU$6,860.28 an ounce.<\/strong><\/p>\n The bull market in gold has been fueled by several factors. These include the geopolitical turmoil caused by the Iran war and the resulting global economic uncertainty. <\/p>\n The high price of gold has increased margins for gold producers, and investment in the sector has increased during the year, driving up share prices and interest in gold equities.<\/p>\n How has this bull market affected ASX-listed gold shares?<\/p>\n Read on to find out which Australian gold companies have seen the biggest gains so far in 2026.<\/p>\n 1. PC Gold (ASX:PC2)<\/h3>\n Year-to-Date Profit:<\/strong> 147.89 percent PC Gold’s main focus is its wholly owned Spring Hill Gold Project, located in the Pine Creek area of \u200b\u200bAustralia’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. Approved mining leases and environmental clearances are in place to commence open pit mining.<\/p>\n The company is currently working on infill drilling to upgrade resource confidence, while also exploring new mineralization to increase the resource base. The drill results will be used to complete a feasibility study for Spring Hill.<\/p>\n In late January, PC Gold released a series of updates on its drilling campaign. it was high grade gold Initial resource definition intersected in drilling<\/a>Confirms strong mineralization within Hong Kong and Macau. Extensive visible gold was also observed in five resource definition holes within and outside the current resource estimate envelope. <\/p>\n Additionally, the company also shared what it has Secured all regulatory approvals<\/a> The reopening of the historic Spring Hill underground edifice has been called a “major landmark”. This advancement provides PC Gold a cost-effective means of accessing mineralization in this area for underground diamond drilling. <\/p>\n PC Gold shares were trading at AU$0.36 at the start of the year, and rose in line with the price of gold to AU$0.60 on 29 January. The news increased its momentum in February, beginning with February 2 announcement<\/a> That a drill hole in the Hong Kong area returned 25 meters of 36.83 g\/t gold from 283 metres, including 2 meters of 444.3 g\/t gold from 304 metres. Company on 9th February Completed C$24 million financing<\/a> This will help fund further drill work as well as feasibility study activities. By February 11, the price of PC Gold had reached AU$0.82 per share.<\/p>\n After this, on March 5, the company’s shares reached their highest price so far this year at AU$0.98. Drill data released on March 3<\/a> 3.84 g\/t gold from 143.1 metres, including 30.6 g\/t gold from 0.98 meters from 147.9 metres.<\/p>\n<\/div>\n 2. RiverGold (ASX:RGL)<\/h3>\n Year-to-Date Profit:<\/strong> 71.43 percent RiverGold is progressing its Kalgoorlie gold project in Western Australia.<\/p>\n The Company has a right-to-mine and cooperation agreement with MEGA Resources, through which MEGA Resources will provide all development and mining funding for a 50\/50 profit share.<\/p>\n RiverGold shares started the year at AU$0.10, but quickly doubled to a year-to-date high of AU$0.20 by 20 January. Intersection of shallow gold mineralization reported<\/a> At Kalgoorlie, 46 meters included 8 meters at 5.81 g\/t gold. It also announced a capital raise of AU$2.15 million.<\/p>\n During the first quarter, the strong price of gold and a steady flow of news helped the company reach that all-time high. On 17th February, RiverGold announced<\/a> All objections to its application for a mining lease covering the project have been disposed of. Later in the month, the company shared its first drill program for 2026 was completed<\/a>Assay results will be reported in the coming weeks. Also, on February 26, RiverGold tenement package increased<\/a> For Kalgoorlie an increase of 820 per cent to 6.75 square kilometres.<\/p>\n<\/div>\n 3. Hamelin Gold (ASX:HMG)<\/h3>\n Year-to-Date Profit:<\/strong> 71.43 percent Hamelin Gold’s portfolio includes land holdings in the Tanami, Paterson and Yilgarn gold provinces of Western Australia. Its wholly owned exploration-stage West Tanami gold project covers a 100-kilometre stretch along the Trans-Tanami structural corridor that hosts the Newmont (NYSE: NEM, ASX: NEM) Cali gold deposit in the Northern Territory.<\/p>\n A key target for 2026 is the Venus Gold Project, located within the prolific Murchison Gold District with Westgold Resources’ (ASX:WGX, OTCPL:WGXRF) Comet gold mine on the project boundary. On 27th January, The company shared<\/a> That it had “commenced a second phase of detailed airborne magnetic surveys in the southern half of the project and soil sampling at previously untested targets along the strike south of the Comet gold mine.” <\/p>\n Another area of \u200b\u200bfocus for Hamelin this year is the Day Dawn Gold Project, located in the Paterson province of Western Australia. According to Ek, a detailed review of historical drilling datasets resulted in the identification of the high-grade Aurora Gold Lode at the project. February 9 news release<\/a>. <\/p>\n Hamelin shares hit an all-time high of AU$0.18 on 26 February.<\/p>\n<\/div>\n 4. Horizon Gold (ASX:HRN)<\/h3>\n Year-to-Date Profit:<\/strong> 55.23 percent 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.<\/p>\n Horizon Gold shares were trading at AU$0.81 in early January and rose to AU$0.96 on January 30, in line with gold’s rise. By February 17, the stock price had climbed to AU$1.29 per share. <\/p>\n Company on 23 February High-level interception reported<\/a> Drill work at the Kingfisher Prospect included 4 meters of 11.35 g\/t gold from 431 metres, 1 meter of 42.2 g\/t gold from 432 metres.<\/p>\n On March 11, Horizon Gold shares reached a year-high of AU$1.55 an ounce.<\/p>\n<\/div>\n 5. Torque Metals (ASX:TOR)<\/h3>\n Year-to-Date Profit:<\/strong> 44.83 percent Torque Metals owns a large land package covering 1,200 square kilometers in the goldfields of Western Australia and is located approximately 90 kilometers south east of Kalgoorlie. <\/p>\n This includes the firm’s flagship Paris Gold project, which hosts three identified deposits. Extensive exploration at the property and drilling of over 25,000 meters since its acquisition in 2021 led to the delineation of the first Mineral Resource Estimate, outlining 250,000 ounces of shallow gold at 3.1 g\/t gold. <\/p>\n During Q1, Torque’s activities produced some notable news. On January 29, Torque shared mining development and permitting activities had started<\/a>Which includes mine development closure plans and related studies to support submissions as part of the regulatory approval process for its proposed mining operations.<\/p>\n\n
market cap:<\/strong> AU$175.04 million
Share Price:<\/strong> AU$0.88<\/p>\n\n
market cap:<\/strong> AU$25.27 million
Share Price:<\/strong> AU$0.012<\/p>\n\n
market cap:<\/strong> AU$25.78 million
Share Price:<\/strong> AU$0.10<\/p>\n\n
market cap:<\/strong> AU$217.31 million
Share Price:<\/strong> AU$1.32<\/p>\n\n
market cap:<\/strong> AU$233.8 million
Share Price:<\/strong> AU$0.42<\/p>\n