Latest Westgold Resources News

Westgold Resources delivered record FY26 production, earnings and cash generation while expanding its gold reserves and laying out a path towards 500,000 ounces a year. The challenge now shifts from funding growth to executing a crowded pipeline of mine, mill and exploration projects without losing operational discipline.

Westgold Resources has completed a A$33.3 million infrastructure program at Beta Hunt, where an annualised 2Mtpa mining rate was reached in September. The company is now targeting sustained performance at that rate from Q2 FY27, while warning that the mine’s original life-of-mine ventilation system still requires repair, recommissioning or replacement.

Discovery Alaska has secured commitments for a A$900,000 placement and says Boulder Creek is ready for drilling, but its reported cash balance covers only about 2.07 quarters at the latest spending rate. The company is also progressing its proposed Cuddingwarra acquisition, with several key steps still requiring approval or completion.

Valiant Gold has pushed dewatering at its Comet mine to 170 metres below surface, while core facilities, ventilation and power infrastructure move into place. The company continues to target first production in the second half of FY27, with several execution milestones due in Q2 FY27.

Great Boulder Resources has reported further shallow, high-grade gold intersections from its 40,000-metre Peak Hill drilling campaign, including 9 metres at 4.17g/t gold from just 6 metres at Enigma. Results at Enigma and Five Ways point to continuity and potential open-pit upside, although further drilling and resource updates remain ahead.

Mamba Exploration has secured a $6.0 million placement, attracted a $500,000 investment from New Murchison Gold and added former Westgold founder Peter Cook as a strategic adviser. The funding will support drilling at Meeka East and a staged earn-in over the early-stage Poison Hills project, where selective rock chips returned high silver, gold, copper and lead grades.

E79 Gold has secured the final tenement at its 67 square kilometre Cue Gold Project in Western Australia, clearing the stated tenure hurdle ahead of a planned drilling campaign. More than 12,000 metres of aircore and reverse circulation drilling is scheduled to begin in early November, subject to heritage clearance.

Sinclair Gold’s FY2026 annual report captures the company’s rapid shift from a small explorer to a well-funded Mt Henry-focused gold developer-in-waiting. The project’s resource stood at 915,000 ounces at year-end, before a post-year-end update lifted it to 1.8 million ounces after 20,426 metres of drilling.

New Murchison Gold turned its Crown Prince operation into a powerful cash generator, reporting $146.95 million in net profit after tax and $201.7 million in cash for the nine months to 30 June 2026. The next test is whether Cloudkicker, Lydia and the Crown Prince underground opportunity can extend that performance.

Great Boulder Resources has used FY2026 to make the leap from gold explorer toward producer, acquiring Peak Hill and securing a 481,000-ounce resource alongside its 1.02 million-ounce Side Well project. The strategic shift came with a A$9.93 million loss, a heavily expanded share count and a clear near-term test: whether 40,000 metres of drilling can support development by late 2027.

Cadence Opportunities Fund Limited (ASX:CDO) delivered a record $5.66 million after-tax profit and a 30.3% fund return in FY2026. The listed investment company is entering the new year with elevated cash, reduced gold exposure and a discounted share purchase plan underway.

Corazon Mining has shifted decisively towards Western Australian gold, completing the A$25.7 million Chalice acquisition after year end and securing a 191,000-ounce JORC Mineral Resource. The strategic expansion came alongside a A$7.98 million FY2026 loss and an auditor warning that future funding remains critical.