Westgold Resources Q4 FY25 Report: Strong Production and Growth
Westgold Resources Quarterly Performance Overview
Westgold Resources Limited (ASX: WGX) is excited to present its exceptional quarterly results for the period ending 30 June 2025 (Q4 FY25).
Key Financial Highlights
In Q4 FY25, Westgold achieved remarkable financial performance with:
- Gold production of 88,022 ounces at an All-In Sustaining Cost (AISC) of A$2,688 per ounce.
- A total of A$370 million in revenue from gold sales of 71,500 ounces at an average price of A$5,174 per ounce.
- A closing cash position of A$364 million, marking a significant A$132 million increase quarter-on-quarter.
Operational Performance
The operational performance in Q4 FY25 was commendable, led by:
- A Total Recordable Injury Frequency Rate (TRIFR) of 5.67 per million hours, indicating a 10% improvement.
- Record full-year gold production of 326,384 ounces, slightly below the lower end of the FY25 guidance.
- Mining operations commenced in the Great Fingall Flats area, bolstering future production capabilities.
Strategic Investments and Exploration
Westgold invested A$9 million in exploration during the quarter, with notable investments in resource drilling, mine infrastructure, and fleet replacement contributing to the overall growth.
Looking Forward
As the company prepares to release its FY26 Guidance, Westgold remains committed to utilizing its robust cash position for strategic growth initiatives, enhancing shareholder value, and optimizing operations.
Community and Sustainability Efforts
Westgold prioritizes community engagement and sustainability practices. Commitment to responsible mining operations is reflected in the investments made in health and safety initiatives and environmental sustainability programs.
Board Appointments
Additionally, Westgold welcomes Ivan Mullany to its Board as a Non-Executive Director, bringing extensive expertise in the mining sector to enhance strategic decision-making.
Future Developments
The company is set to continue investments in key areas such as the expansion of the Higginsville mill and exploring divestment opportunities for smaller non-core assets to focus on high-return projects.
Frequently Asked Questions
What are the key achievements for Westgold in Q4 FY25?
Noteworthy achievements include gold production of 88,022 ounces, A$370 million in revenue, and improved safety performance.
How does Westgold plan to utilize its strong cash position?
The company intends to invest strategically in growth opportunities, optimize operations, and enhance shareholder value.
What were the main contributors to operational performance?
Key contributors were production increases, safety improvements, and continued investment in infrastructure and exploration.
Who has joined the Westgold Board recently?
Ivan Mullany has been appointed as a Non-Executive Director, bringing valuable experience to the company's strategic vision.
What is the outlook for Westgold's FY26 guidance?
FY26 guidance will be released in August, providing insights into the company's financial and operational expectations.
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