Two Key Implications From Aussie Gold Stocks Underperformance -- Market Talk

Dow Jones

Sep 10

0037 GMT - There are two key implications from the recent underperformance of Australian gold equities, says Bell Potter. One is that ASX gold stocks catch up strongly. The other is more inbound M&A. Analyst David Coates says the disconnect between ASX-listed gold producers and overseas companies is a significant departure from historic trading patterns. "Looking back, the only disconnect in the last 10 years is the two-way volatility (which quickly reverted) at the onset of the Covid pandemic," Bell Potter says. While ASX gold miners' FY 2026 production and cost guidance missed expectations, this was also a theme overseas. Bell Potter says other potential factors, including FX differentials or rising labor costs, also aren't a fundamental or sustainable justification for the stocks' underperformance. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

September 09, 2025 20:37 ET (00:37 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2566264208"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2566264208\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2566264208?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-09-10 08:37","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2566264208","market":"us","top_or_hot":-1,"title":"Two Key Implications From Aussie Gold Stocks Underperformance -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0037 GMT - There are two key implications from the recent underperformance of Australian gold equities, says Bell Potter. One is that ASX gold stocks catch up strongly. The other is more inbound M&amp;A. Analyst David Coates says the disconnect between ASX-listed gold producers and overseas companies is a significant departure from historic trading patterns. \"Looking back, the only disconnect in the last 10 years is the two-way volatility (which quickly reverted) at the onset of the Covid pandemic,\" Bell Potter says. While ASX gold miners' FY 2026 production and cost guidance missed expectations, this was also a theme overseas. Bell Potter says other potential factors, including FX differentials or rising labor costs, also aren't a fundamental or sustainable justification for the stocks' underperformance. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 09, 2025 20:37 ET (00:37 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Two Key Implications From Aussie Gold Stocks Underperformance -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTwo Key Implications From Aussie Gold Stocks Underperformance -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-09-10 08:37</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0037 GMT - There are two key implications from the recent underperformance of Australian gold equities, says Bell Potter. One is that ASX gold stocks catch up strongly. The other is more inbound M&amp;A. Analyst David Coates says the disconnect between ASX-listed gold producers and overseas companies is a significant departure from historic trading patterns. \"Looking back, the only disconnect in the last 10 years is the two-way volatility (which quickly reverted) at the onset of the Covid pandemic,\" Bell Potter says. While ASX gold miners' FY 2026 production and cost guidance missed expectations, this was also a theme overseas. Bell Potter says other potential factors, including FX differentials or rising labor costs, also aren't a fundamental or sustainable justification for the stocks' underperformance. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 09, 2025 20:37 ET (00:37 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PNR.AU","symbol_name":"PANTORO LTD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2566264208","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2566264208","pubTimestamp":1757464620,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0037 GMT - There are two key implications from the recent underperformance of Australian gold equities, says Bell Potter. One is that ASX gold stocks catch up strongly. The other is more inbound M&A. Analyst David Coates says the disconnect between ASX-listed gold producers and overseas companies is a significant departure from historic trading patterns. \"Looking back, the only disconnect in the last 10 years is the two-way volatility  at the onset of the Covid pandemic,\" Bell Potter says. While ASX gold miners' FY 2026 production and cost guidance missed expectations, this was also a theme overseas. Bell Potter says other potential factors, including FX differentials or rising labor costs, also aren't a fundamental or sustainable justification for the stocks' underperformance. ","collect":0,"end_time":0,"defaultTopTitle":"","property":["rate"],"viewcount":null,"language":"en","relate_stocks":{"PNR.AU":"PANTORO LTD","BM1.AU":"Ballard Mining Ltd","CMM.AU":"CAPRICORN METALS LTD","SMI.AU":"Santana Minerals Ltd","EVN.AU":"EVOLUTION MINING LTD","MI6.AU":"MINERALS 260 LTD","RRL.AU":"REGIS RESOURCES LTD"},"translate_title":"澳大利亚黄金股表现不佳的两个关键影响——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BM1.AU":0.9,"CMM.AU":0.9,"EVN.AU":0.9,"1OZmain":1,"MI6.AU":0.9,"PNR.AU":0.9,"RRL.AU":0.9,"SMI.AU":0.9},"content_text":"0037 GMT - There are two key implications from the recent underperformance of Australian gold equities, says Bell Potter. One is that ASX gold stocks catch up strongly. The other is more inbound M&A. Analyst David Coates says the disconnect between ASX-listed gold producers and overseas companies is a significant departure from historic trading patterns. \"Looking back, the only disconnect in the last 10 years is the two-way volatility (which quickly reverted) at the onset of the Covid pandemic,\" Bell Potter says. While ASX gold miners' FY 2026 production and cost guidance missed expectations, this was also a theme overseas. Bell Potter says other potential factors, including FX differentials or rising labor costs, also aren't a fundamental or sustainable justification for the stocks' underperformance. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  September 09, 2025 20:37 ET (00:37 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}