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Westgold Resources Limited (ASX:WGX)

ALERT: Price-sensitive ASX Announcement for WGX
Current share price for WGX : $6.665 0.565 (9.26%)+
Announcement
Release
29 Apr 2026 8:17AM
Price at Release
$6.100
Full Release
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Summary
In the March 2026 Quarterly Report for Westgold Resources Limited, the company reported a significant quarter with a gold production of 93,145 ounces and achieved a record gold price of $7,080/oz. The all-in sustaining cost (AISC) excluding ore purchase agreements was $2,931/oz. The company generated $495 million in revenue from gold sales of 69,900 ounces and maintained a robust balance sheet with $856 million in cash, bullion, and liquid investments. Westgold's focus included substantial investments in growth projects, exploration, and a $145 million approved expansion plan for the Higginsville mill. The company remained unhedged, benefiting fully from rising gold prices, and demonstrated strong operational and financial performance during the quarter.
Key Points
  • Gold production of 93,145 ounces
  • Achieved a record gold price of $7,080/oz
  • All-in sustaining cost (AISC) excluding OPA was $2,931/oz
  • Generated $495 million in revenue from gold sales
  • Maintained $856 million in cash, bullion, and investments
  • Approved $145 million Higginsville mill expansion
  • Company remained unhedged
  • Strong operational and financial performance
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.