Australia's gold stocks extend losses for the second day after bullion prices fall

Evolution Mining

12/03/2026 23:27

** Australian gold stocks .AXGD fall as much as 3.8% — lowest level since early January 2026

** Sub-index set for its second straight day of losses, if current trend holds

** Gold prices fell on Thursday, hurt by stronger dollar, reduction in borrowing costs as Iran war stokes inflation concerns

** Gold miner Northern Star Resources NST.AX down as much as 15.7%, after co on Friday warns that achieving lower end of its FY26 production guidance will be "challenging"

** Evolution Mining EVN.AX down as much as 1.9%

** Sub-index down 3.4% YTD

(Reporting by Aamir Sheik Khalid in Bengaluru)

((Aamir.SheikKhalid@thomsonreuters.com))