3 ASX Small Cap Gold Stocks in Focus, While Gold Prices Tumbled

The following ASX small-cap gold stocks surged on Tuesday supported by operational and funding milestones during their 2025 quarter.

African Gold Limited (ASX: A1G)
African Gold Limited (ASX: A1G) surged 8.28% on Tuesday and lifted the company’s market capitalisation to $440.52 million and reported a strong December 2025 quarter marked by progress across both corporate and exploration activities in its Cote d’Ivoire gold portfolio.