The
All Ordinaries Index
(ASX: XAO) has seen a slight increase of 5.3% over the past year, however, compared to the broader ASX All Ordinaries index, it remains similar.
gold
The stock has retained those gains.
The rapidly rising gold mining company in question is
Catalyst Metals Ltd
(
ASX: CYL
).
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A year back, at the closing time of trade on May 16th, Catalyst Metals shares were available for purchase at 87 cents per share.
On Friday, the ASX All Ordinaries gold stock finished the day’s trade at $6.85 per share.
This has led to the Catalyst share price soaring by a staggering 687.4% within just one year.
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Or enough to transform a $10,000 investment into $78,740.
Boom!
What has been driving up the Catalyst share price?
What’s driving investors to push the ASX All Ordinaries index upwards?
The primary asset of Catalyst Metals is its extensive 40-kilometer-long Plutonic Gold Belt situated in Western Australia. This mine yields approximately 85,000 ounces of gold annually with an all-in sustaining cost (AISC) of around AU$2,400 for each ounce produced.
In the coming 12 to 18 months, the ASX All Ords gold stock intends to introduce three additional mining zones into operation. According to management predictions, this expansion could nearly double their yearly gold output to reach approximately 200,000 ounces.
This sort of growth forecast has undoubtedly caught investors’ interest.
As a growing and established gold producer, Catalyst Metals shares have also been an obvious beneficiary of the surging gold price.
A year ago, the price of gold was approximately US$2,386 per ounce. By last Friday, it had risen to US$3,213, representing an increase of about 35% over the course of twelve months. This rapid rise in gold prices has significantly boosted many ASX-listed gold stocks, with figures showing a remarkable 44.6% gain over the same period.
S&P/ASX 200 Gold Index
(ASX: XGD).
Despite this, Catalysts’ rapidly rising stock price significantly surpasses that of the gold sector.
What’s new with Catalyst Metals?
Catalyst announced its interim results on February 27th.
When the ASX All Ordinaries gold stock announced an impressive 783% jump in post-tax profits reaching $46 million, investors paid close attention. Additionally, sales revenue climbed to $224 million, marking a significant rise of 67% compared to the previous half-year period.
Catalyst entered 2025 without debt. As at 31 March, the miner had cash and bullion of $98 million.
Several significant factors have bolstered the stock price throughout the year, including strategic asset disposals and acquisitions.
On Friday, the ASX All Ordinaries gold stock climbed an additional 4.9%.
announcing
that it has gotten the last go-ahead for the environment from the Department of Energy, Mines, Industry Regulation and Safety to proceed with its Trident gold project.
Following the regulatory approval, Catalyst Metals CEO James Champion de Crespigny stated that we now possess all the required mining permits to enable Catalyst to activate the mines needed for doubling production at the Plutonic Gold Belt.
The post
How an ASX All Ordinaries gold stock transformed $10,000 into $78,740 within a single year
appeared first on
The Motley Fool Australia
.
Is it wise to put $1,000 into Catalyst Metals Limited at this moment?
Before purchasing Catalyst Metals Limited shares, keep these points in mind:
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For investors looking to purchase at this moment… Catalyst Metals Limited was not among those recommended.
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More reading
- Why Appen, Aspen, Catalyst Metals, and Core Lithium stocks are surging today?
- Surging another notch today, an ASX 300 gold company sees its stock rocket up by 710% over the past year due to significant developments.
- What’s behind the 7% surge in this ASX-listed gold company’s share price today?
- Why are Brainchip, Catalyst Metals, Northern Star, and Pact Group stocks dropping today?
- 3 ASX stocks that would have already increased your investment by over double by 2025
Motley Fool
contributor
Bernd Struben
The Motley Fool Australia does not hold shares in any of the companies discussed. Its parent company, Motley Fool Holdings Inc., also does not have positions in these stocks. Additionally, The Motley Fool Australia does not own any shares in the mentioned stocks. Furthermore, The Motley Fool maintains no stake in any of the aforementioned stocks.
disclosure policy
This article includes solely general investment guidance (covered under AFSL 400691). Authorized by Scott Phillips.
