How this ASX All Ords gold stock turned $10,000 into $78,740 in just one year

The All Ordinaries Index (ASX: XAO) has gained a modest 5.3% over 12 months, but one ASX All Ords gold stock has left those gains wanting.

The surging gold miner in question is Catalyst Metals Ltd (ASX: CYL).

One year ago, at market close on 16 May, you could have bought Catalyst Metals shares for 87 cents a share.

On Friday, the ASX All Ords gold stock closed the day trading for $6.85 a share.

That sees the Catalyst share price up an eye-watering 687.4% in just 12 months.

Or enough to turn a $10,000 investment into $78,740.

Boom!

So, what's been sending the Catalyst share price flying higher?

Why are investors sending the ASX All Ords stock soaring?

Catalyst Metals' prime asset is its 40 kilometre long Plutonic Gold Belt, located in Western Australia. The miner's Plutonic Gold Mine currently produces 85,000 ounces of gold a year at an all in sustaining cost (AISC) of AU$2,400 per ounce.

Over the next 12 to 18 months, the ASX All Ords gold stock has flagged plans to bring three new mining areas into production. Management is forecasting this will more than double annual gold production to 200,000 ounces.

That kind of growth outlook has clearly grabbed investors' attention.

As a growing and established gold producer, Catalyst Metals shares have also been an obvious beneficiary of the surging gold price.

12 months ago, the gold price stood at US$2,386 per ounce. On Friday, the yellow metal was trading for US$3,213, or up some 35% in a year. The fast-rising gold price has lifted most ASX gold shares, as witnessed by the 44.6% one-year gains posted by the S&P/ASX All Ordinaries Gold Index (ASX: XGD).

Even so, Catalysts' rocketing share price far outpaces the gold pack.

What's been happening with Catalyst Metals?

Catalyst reported its half year results on 27 February.

And investors took note when the ASX All Ords gold stock reported a 783% increase in net profit after tax (NPAT) to $46 million. And sales revenue of $224 million was up 67% from prior half year.

Catalyst entered 2025 without debt. As at 31 March, the miner had cash and bullion of $98 million.

Other strong tailwinds supporting the share price over the year include strategics asset sales and asset acquisitions.

And on Friday, the ASX All Ords gold stock closed up another 4.9% after announcing that it had received the final environmental approval from the Department of Energy, Mines, Industry Regulation and Safety to develop its Trident gold project.

"We now have all the mining approvals in place to allow Catalyst to bring online the mines necessary to double production at the Plutonic Gold Belt," Catalyst Metals CEO James Champion de Crespigny said following the regulatory approval.

The post How this ASX All Ords gold stock turned $10,000 into $78,740 in just one year appeared first on The Motley Fool Australia.

Motley Fool contributor Bernd Struben 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.

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