Buying into a gold mining stock as it ramps up production is potentially a good way to tap into some significant share price gains.

Broker Morgans believes this story is playing out with Catalyst Metals Ltd (ASX: CYL), on which it recently released a research report, including a bullish share price target, which I’ll get to shortly.

First, let’s have a look at what the company has been up to.

Record production underpins growth story

In its recent quarterly report, Catalyst said it had produced a record 31,886 ounces of gold at an all-in sustaining cost of $2,666.

The company was sourcing ore from four mines across the Plutonic belt of deposits, and developing one of those, Trident, into an underground mine from an open-pit operation.

The company said it would provide FY27 production guidance in late September, including an update to its 10-year production guidance, which was released in September 2025.

The company said:

Over the last three years since Catalyst ownership, the Company’s strategy at the Plutonic Gold Belt has been to define 2Moz of Reserves to underwrite an increased production rate from 100koz to 200koz for ten years. Production will be sourced from multiple mines across the Belt.

The company said it had been building its gold inventory in a bid to meet these goals and upgrading infrastructure to be ready for the necessary expansions.

The company’s management said in a statement:

New discoveries such as those at Cinnamon and Trident have re-enforced our view of the geological potential of this belt. The value of the existing infrastructure and sunk capital, while somewhat tired and suffering from underinvestment, has allowed Catalyst to develop mines faster and at far lower cost. The pathway to a 200koz production rate is set. The mines from which this ore will come are in production or under development and the infrastructure required to process it is in place. Our investment focus during this quarter and much of FY26 has been towards activities to reliably deliver ±200koz over the longer term. This has included ongoing Resource development drilling to grow gold Reserves to 2Moz and ensuring the supporting infrastructure is right-sized and reliable.  

ASX gold miner’s shares looking cheap

Morgans slightly downgraded their price target on the company, but it is still well above the current level of $6.64.

They said:

We retain our BUY rating on CYL with a price target of $11.33 per share. While we have moderated near-term production assumptions to reflect a slower ramp-up, we continue to view CYL as an attractive mid-cap gold growth story. The pathway to ~200kozpa production, continued Reserve growth toward 2Moz and a debt-free balance sheet provide a strong foundation for long-term value creation. At current levels, we believe the market continues to price in substantial execution risk, providing attractive upside as growth projects advance and operational performance improves.

The post This ASX gold miner could deliver 70% gains, according to Morgans appeared first on The Motley Fool Australia.

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Motley Fool contributor Cameron England has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Mineral Resources Ltd (ASX: MIN) shares are jumping higher in morning trade on Thursday.

At the time of writing, the shares are up around 5% for the day and are changing hands for $69.94 a piece.

At one point earlier this morning the shares were trading as high as $70.48 each.

Today’s increase follows an incredible rally over the past month, where Mineral Resources shares have climbed 28%.

It’s great news for investors after a volatile run for the ASX miner so far this year. The shares have swung wildly, ranging from $23.12 to $74.94 over the past 12 months.

For the year-to-date, the shares are now up 26%, and they’re a huge 87% higher than 12 months ago.

Why are investors snapping up the shares today?

Mineral Resources’ posted its FY26 earnings results to the ASX this morning.

The lithium miner reported a 44% increase in revenue year-on-year, a 183% increase in underlying EBITDA, a huge 831% hike in underlying NPAT, and a 236% increase in reported NPAT.

Management also announced it would bring back shareholder dividends. For FY26, the miner will pay out a full-franked dividend of 83 cents per share.

The announcement makes history as the company’s strongest-ever annual results.

Mineral Resources said its record performance was driven by growth in the company’s Mining Services division, the ramp-up of Onslow Iron to nameplate capacity, and improved results in its lithium operations. 

The company’s net debt fell by $1.1 billion to $4.3 billion, with liquidity doubling to $2.4 billion.

The miner plans to continue growth across every operating division in FY27.

It looks like investors are impressed with the update, and many are loading up on shares this morning.

Are Mineral Resources shares a buy, sell or hold following its FY26 results announcement?

I expect that market expects may revise their forecasts on the Mineral Resources share price in coming days, following the results announcement.

At the time of writing it looks like the majority are very bullish on where the shares can go over the next 12 months, but after the latest rally, average target prices mostly imply some element of downside ahead.

Market Index data shows the majority of brokers have a buy rating, but the $65.71 target price now implies around a 6% downside, at the time of writing.

Similarly, on TradingView, the majority (nine out of 16) have a buy/strong buy rating on the lithium miner’s shares. The average $68.40 implies a downside of around 2%, at the time of writing.

The post Mineral Resources shares jump 5% today: Buy, sell or hold? appeared first on The Motley Fool Australia.

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Motley Fool contributor Samantha Menzies has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The St George Mining Ltd (ASX: SGQ) share price is rising on Thursday after announcing a major step toward establishing a rare earths processing centre in Minas Gerais, Brazil, with local partner Lima & Pergher and strong State government support.

What did St George Mining report?

• Signed a collaboration agreement with Lima & Pergher and the State of Minas Gerais to create a rare earths processing centre
• The centre will offer processing services to rare earths projects, including St George’s Araxá Project
• St George’s Araxá Mineral Resource now stands at 111.2Mt @ 3.57% TREO and 0.57% Nb₂O₅
• The agreement supports a fully domestic Brazilian mine-to-magnet supply chain
• St George may supply feedstock and technical expertise for the centre’s development

What else do investors need to know?

St George’s Araxá Project is the largest high-grade carbonatite-hosted rare earths resource in South America, bolstering the company’s position in the critical minerals sector. The proposed processing facility in Uberlândia benefits from being located within a major industrial complex, offering established infrastructure and access to a skilled workforce.

The State of Minas Gerais will support licensing, promote connections with suppliers, and help with tax incentives. St George is also advancing discussions with potential offtake and downstream processing partners from the US, Asia, and Europe.

What did St George Mining management say?

John Prineas, Executive Chairman of St George Mining, said:

We are honoured to have been selected by the State to partner on the potential establishment of a rare earths processing centre which could have the capability to separate rare earths, refine rare earths and produce materials for rare earths magnet making. This is an opportunity to establish midstream rare earths processing in Minas Gerais that will build out Brazil’s mine-to-magnet supply chain.

What’s next for St George Mining?

St George and its partners will assess the feasibility of the new processing centre, aiming for operations to commence by 2030, subject to investment decision and approvals. In parallel, St George is conducting a feasibility study for the Araxá Project, de-risked by its upgraded mineral resource.

These initiatives support St George’s growth as a significant player in the critical minerals and rare earths supply chain in Brazil and globally.

St George Mining share price snapshot

View Original Announcement

The post St George Mining announces rare earths processing centre in Brazil appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.