Latest Westgold Resources News

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.

MLG Oz Limited has secured a significant $75 million haulage contract with Westgold Resources, poised to generate over $25 million annually and deepen its footprint in Western Australia's Goldfields region.

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.

New Murchison Gold Limited (ASX:NMG) reveals a robust Feasibility Study for its Crown Prince Gold Deposit, projecting $226 million pre-tax cash flow over 30 months with a low $5.4 million capital outlay. Mining is slated to start mid-2025, positioning NMG on the cusp of production.

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.

New Murchison Gold Limited reports a significant 39% increase in indicated gold resources at its Crown Prince deposit and secures a strategic ore purchase deal with Westgold, setting the stage for mining to commence mid-2025.

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.

Auris Minerals has been granted a retention licence for its Forrest and Wodger copper deposits, enabling a significant reduction in exploration commitments while maintaining strategic control over key assets.