The Australian Securities Exchange (ASX) has shown varied performance in the mining sector on October 22, 2025. Despite challenges including a notable drop in gold prices, several mining stocks remain strong drivers in the market. This report covers the top five mining stocks on the ASX today, detailing recent movements, financial data, and corporate developments. Each company plays a significant role in Australia’s resource sector, contributing to critical mineral supply and exploration growth.
1. Gorilla Gold Mines: Strong Capital Raise and Expansion Plans
Gorilla Gold Mines Ltd (ASX: GG8) leads the day with a successful placement raising approximately A$31.7 million before costs. The funds came from institutional and sophisticated investors globally, reflecting continued support for the company’s high-grade gold projects in Western Australia. The placement price of A$0.40 per share represented an 11.9% discount to the previous five-day volume-weighted average price.
This capital injection boosts Gorilla Gold’s pro-forma cash to about A$42 million, enabling extensive exploration and resource growth at its Comet Vale and Mulwarrie Gold Projects. The company targets doubling its current resource base of 350,000 ounces at Mulwarrie through upcoming drilling programs. Additional plans include initial mining studies and optimisation work, as well as resource definition drilling at the Vivien Gold Project starting late 2025 or early 2026.
Gorilla Gold Mines Ltd (ASX: GG8) share price
2. Cobalt Blue Holdings: Cobalt Price Surge Supports Share Gains
Cobalt Blue Holdings (ASX: COB) recorded a weekly gain exceeding 130%, reaching a market capitalisation of approximately A$150.8 million. The share price climbed from A$0.15 to a peak of A$0.32 within days. The company confirmed no undisclosed information spurred the rally but attributed it to a near three-year cobalt price high around US$19.30 per pound.
Cobalt Blue primarily develops a cobalt refinery in Kwinana, Western Australia, alongside projects in Broken Hill, New South Wales, and Halls Creek, Western Australia. The Broken Hill project recently received a three-year extension of its major project status, supporting ongoing development efforts.
The cobalt market’s strength is linked to export controls by the Democratic Republic of Congo, the world’s largest cobalt producer. Such regulatory moves tighten supply, reinforcing Cobalt Blue’s long-term outlook amid rising demand for this critical mineral.
Cobalt Blue Holdings (ASX: COB) share price
3. Northern Star Resources: Steady Gold Production and Dividend Yield
Northern Star Resources (ASX: NST) maintained a stable position with a market capitalisation exceeding A$15 billion. The company produced approximately 1.5 million ounces of gold in 2024 at an all-in sustaining cost (AISC) near A$1,850 per ounce. Northern Star offered a dividend yield of 3.2%, positioning it as a reliable income investment for shareholders.
The firm continues stable operations across its Australian assets, emphasising sustainable gold production. Its financial metrics reflect solid operational efficiency within the competitive gold sector. Northern Star remains a cornerstone among ASX gold producers, delivering steady returns amid market volatility.
Northern Star Resources (ASX: NST) share price
4. Titan Minerals: Strategic Security Issue Boosts Growth Prospects
Titan Minerals Ltd (ASX: TTM) made a significant market move through its recent application for the quotation of over 25.8 million new shares on the ASX. This follows previous announcements aimed at financing growth and development activities. The market capitalisation stood near A$148.6 million with trading volumes supporting steady investor interest.
The company focuses on exploration and development of precious metal resources in Australia. These new securities aim to strengthen its market presence and fund ongoing project work. Analysts have placed a Buy rating with a target price of A$1.55, reflecting confidence in Titan Minerals’ value proposition.
Titan Minerals Ltd (ASX: TTM) share price
5. Regis Resources: Positive Production Outcomes
Regis Resources (ASX: RRL) holds a market capitalisation around A$2 billion following its 2024 gold production of approximately 400,000 ounces. The company operates with an AISC of about A$1,850 per ounce, consistent with industry standards. Its dividend yield stood at 1.8%, balancing growth and shareholder return.
Recent operational updates indicate positive trends in the firm’s gold output and cost control measures. Regis’ Australian projects continue to progress, supporting its position on the ASX as a mid-tier gold producer. The company remains focused on delivering value through steady production and efficient resource management.
Regis Resources (ASX: RRL) share price
Market Context and Sector Performance
The ASX 200 index declined by 1.13% on October 22, 2025, closing near 8,992 points. Over the past month, the index increased 1.65% and is up 9.44% year-on-year. These fluctuations reflect broader market responses to commodity price volatility, particularly gold and silver prices which experienced a sharp drop in recent sessions.
Also Read: Morning Wrap: ASX Slides from Record High as Gold Crash Wipes Billions from Mining Stocks
Mining sector performance showed mixed results with some companies gaining on exploration and project funding news, while others faced pressure due to falling precious metals prices. The critical minerals sector, including cobalt, remains a key focus given geopolitical supply concerns.
Australia continues to bolster its status as a global resource hub with government and private investments supporting mining innovation and critical mineral supply chains. The sector’s resilience is demonstrated by ongoing capital raises and project advancements among top ASX-listed mining stocks.
Final Remarks
The top five ASX mining stocks today highlight the dynamic nature of Australia’s resource market. Gorilla Gold Mines leads with strong capital inflows and exploration growth plans. Cobalt Blue Holdings benefits from cobalt price surges driven by supply constraints. Northern Star Resources maintains steady gold production and dividend returns. Titan Minerals focuses on strategic securities issuance to ensure project funding. Regis Resources delivers positive production and cost control outcomes.
These companies collectively represent vital components of Australia’s mining landscape in 2025. Their activities and market performance will continue shaping investor confidence and sector prospects in the months ahead.
