I think that ASX shares are the best choice for high dividend yields. That’s due to a combination of a generous dividend payout ratio and franking credits.

There are some great ASX shares out there that pay high dividend yields, but I’d only want to buy stocks I’m confident can provide reliable (and even growing) payouts.

Of course, dividends aren’t guaranteed. But, I’m optimistic about the future payments from these businesses and I believe the payouts will be even larger in the years ahead.

Shaver Shop Group Ltd (ASX: SSG)

Shaver Shop is a small and compelling ASX share, in my view. It’s one of the leading retailers of male and female personal grooming products.

It had 126 Shaver Shop stores at the last count and sells items like electric shavers, clippers, trimmers and wet shave items. It also sells additional product ranges like oral care, hair care, massage, air treatment and beauty categories.

You may not expect a business like this to have a resilient dividend record going back several years, but it does. Its dividend increased each year between FY17 and FY23, it maintained it in FY24 and hiked the payout again slightly in FY25. I think its earnings are more defensive than some other retail sectors.

Impressively, the last two dividends declared by the business amount to a grossed-up dividend yield of 10.5%, including franking credits, at the time of writing.

If the business continues to offer exclusive products from brands, expands its own brand (called Transform-U), and opens more stores, I think the ASX share has a very promising future.

WAM Microcap Ltd (ASX: WMI)

The other high-yielding ASX share I want to highlight is this listed investment company (LIC), which focuses on exciting, small businesses.

I think small ASX shares can be undervalued, and they’re usually earlier on with their growth journey, meaning they could outperform their larger counterparts.

I believe it’s the above dynamic that has helped the WAM Microcap deliver an average return per year of 14.4% since inception in June 2017, before fees, expenses and taxes.

LICs pay for their dividends from investment profits and profit reserves. This allowed the business to grow its annual ordinary dividend each year between FY18 and FY23, maintain it in FY24, then increase it again in FY25 and FY26.

The high-yielding ASX share expects to pay an annual dividend per share of 10.7 cents in the 2026 financial year. This projection translates into a forward grossed-up dividend yield of 10.4%, including franking credits, at the time of writing.

These aren’t the only ASX shares I’d buy for dividends, but they have two of the highest yields.

The post 2 ASX shares with dividend yields above 8% appeared first on The Motley Fool Australia.

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Motley Fool contributor Tristan Harrison has positions in Wam Microcap. 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 recommended Shaver Shop Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The Resolute Mining Ltd (ASX: RSG) share price is in focus after the company announced the Mineral Resource Estimate at its ABC Project in Côte d’Ivoire has now reached over 3 million ounces of contained gold, up from 2.16Moz last year.

What did Resolute Mining report?

• Expanded Inferred Mineral Resource Estimate to 133 million tonnes at 0.71g/t gold for 3.0 million ounces (at 0.3g/t cut-off)
• Majority of resource within 250m of surface, with deposits open along strike and at depth
• Planned $15–25 million work programme for 80,000m of additional drilling and feasibility studies through 2027
• Currently seven rigs onsite, increasing to eleven in August to accelerate resource growth
• Focus on infill drilling, technical, environmental, social, and metallurgical studies

What else do investors need to know?

Resolute Mining’s ABC Project aims to become the company’s fourth operating mine, with ongoing drilling continuing to extend mineralisation beyond previously defined resource areas. The updated mineral resource is an important milestone, giving confidence in the long-term growth potential of the ABC deposits.

Exploration at the Moya prospect, 8km north of the main Kona deposits, has also delivered encouraging gold intercepts, suggesting possible additional future resources. Work is underway on further technical studies, environmental baseline work, and site infrastructure upgrades to support the next stage of project development.

What did Resolute Mining management say?

Chris Eger, Managing Director and CEO, said:

ABC continues to advance as a priority growth project for Resolute in Côte d’Ivoire. Since acquiring the asset last year, we have built strong momentum through exploration with the updated MRE representing a key milestone in the Project’s development pathway.

The updated MRE shows the potential scale of ABC. Importantly, mineralisation remains open along strike and at depth at both deposits, and we see clear opportunities for further resource growth through ongoing drilling.

Our focus has now shifted to the next phase of project de-risking and progressing feasibility studies. This will be achieved from the approved work programme which will include further drilling, metallurgical testwork, environmental and social baseline studies, permitting, geotechnical and infrastructure work.

ABC is being advanced with the objective of becoming Resolute’s fourth mine in West Africa and our second mine in Côte d’Ivoire. We believe ABC can be an important contributor to our strategy of building a diversified, multi-asset gold platform.

What’s next for Resolute Mining?

Resolute’s key objective is to progress the ABC Project through substantial infill and extension drilling, feasibility studies, and permitting over the next 12 to 18 months. The company aims to convert much of the resource to a higher-confidence Indicated category, moving closer to a future development decision.

The expanded work programme, including environmental and social impact assessments and site infrastructure upgrades, positions ABC as a strong growth opportunity within Resolute’s West African strategy. Investors can expect frequent updates as drilling continues and technical studies progress.

Resolute Mining share price snapshot

Over the past 12 months, Resolute Mining shares have risen 42%, outperforming the All Ordinaries Index (ASX: XAO), which is flat over the same period.

View Original Announcement

The post Resolute Mining grows ABC Project gold resource to over 3Moz appeared first on The Motley Fool Australia.

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Motley Fool contributor Laura Stewart 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.

The Westgold Resources Ltd (ASX: WGX) share price is in focus today after the company delivered record FY26 gold production of 387,354 ounces, exceeding its own guidance, and closed the year with $939 million in cash, bullion, and liquid investments.

What did Westgold Resources report?

• FY26 gold production: 387,354 ounces – above guidance range of 345,000–385,000oz
• Q4 FY26 gold production: 98,854 ounces at an all-in sustaining cost (AISC) of $2,802 per ounce
• FY26 AISC: $2,841/oz, within cost guidance ($2,600–$2,900/oz)
• Q4 underlying cash build: $233 million (before investments and other items)
• FY26 closing cash, bullion & investments: $939 million, up $575 million year on year
• No debt; fully unhedged gold production

What else do investors need to know?

Westgold achieved record annual production from both its Meekatharra and Fortnum mining hubs. The company delivered a strong Q4 performance, with growth driven by higher-grade ore and expanded mining rates at key assets such as Bluebird-South Junction and Great Fingall.

During the quarter, Westgold completed divestments of the Peak Hill and Chalice Gold Projects, simplifying its portfolio and realising around $68 million in immediate value. It also executed a $27 million on-market share buyback and continued to invest in growth and infrastructure, with $142 million directed to key projects during the quarter.

What did Westgold Resources management say?

Managing Director & CEO Wayne Bramwell said:

FY26 was a defining year for Westgold and showed our strategy is delivering results. Over the past two years, we have simplified our portfolio, focused on our highest return assets and prudently allocated capital on key projects and infrastructure that enables future growth. In FY26, this strategy delivered record annual production of 387,354oz, above our guidance range, achieved our cost guidance, and placed Westgold in the strongest treasury position in its history.

What’s next for Westgold Resources?

Westgold will provide its full FY26 financial results, dividend update, and FY27 guidance in August 2026. The company intends to update its three-year outlook at the same time, incorporating new organic growth initiatives and its evolving production profile.

Management highlighted ongoing investments in resource development and infrastructure, including expanding processing capacity and progressing growth projects. Cost control, improved mill feed grades, and operational efficiency will remain a focus as Westgold seeks to offset sector-wide cost inflation and deliver sustainable shareholder returns.

Westgold Resources share price snapshot

Over the past 12 months, Westgold Resources shares have risen 60%, outperforming the S&P/ASX 200 Index (ASX: XJO), which has risen 1% over the same period.

View Original Announcement

The post Westgold Resources exceeds guidance with record gold production in FY26 appeared first on The Motley Fool Australia.

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Motley Fool contributor Laura Stewart 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.