Latest Westgold Resources (ASX:WGX) News

Westgold Resources has unveiled a maiden Mineral Resource Estimate of 2.3 million ounces of gold at its Fletcher Zone, effectively doubling the Beta Hunt mine’s resource base and setting the stage for expanded production.

Westgold Resources reported a record A$80 million increase in cash, bullion, and liquid investments in Q3 FY25, maintaining steady gold production and cost guidance while advancing key mine ramp-ups and strategic divestments.

Westgold Resources reported robust Q3 FY25 exploration results, drilling 83km and investing $11 million across its Murchison and Southern Goldfields portfolios, highlighting high-grade gold intercepts and advancing the Fortnum Expansion Project.

Westgold Resources reports robust high-grade gold intercepts from its Fletcher Zone drilling at Beta Hunt, with a maiden Mineral Resource Estimate expected by late Q4 FY25. The company also plans to initiate drilling at the promising Mason Zone, potentially extending the mineralised strike to around 4km.

Westgold Resources reported a 72% jump in revenue to $624 million in H1 FY25, driven by increased gold production and higher prices, but posted a net loss after tax due to significant one-off acquisition expenses.

Westgold Resources reports a sharp revenue increase driven by higher gold prices and the Karora acquisition, yet posts a net loss for the half-year ending December 2024. The company also declares a fully franked dividend amid rising costs.

Westgold Resources has lowered its FY25 gold production forecast due to slower-than-expected ramp-ups at key mines, adjusting cost and capital expenditure guidance accordingly.

Westgold Resources Limited achieved record gold production of 80,886 ounces in Q2 FY25, driving a robust net mine cash flow of $45 million and securing a $200 million corporate facility to fuel growth.