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Westgold Resources Limited (ASX:WGX)

ALERT: Price-sensitive ASX Announcement for WGX
Current share price for WGX : $6.290 1.72 (37.64%)+
Announcement
Release
22 Jul 2026 8:21AM
Price at Release
$4.570
Full Release
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Summary
Westgold Resources Limited's June 2026 Quarterly Report highlights a robust performance with significant gold production and financial outcomes. The Murchison and Southern Goldfields operations contributed to a total production of 98,854 ounces. The group reported a solid net mine cashflow of A$159 million, driven by strategic operational efficiencies and asset divestments. The unhedged position allows the company full leverage to gold prices, achieving a robust average of A$6,391 per ounce. The company's cash position is strong, with liquidity reaching $1.5 billion. Westgold continues its share buyback program, reflecting strong capital management and confidence in future cash flow generation. Efforts to address operational challenges, such as ventilation issues at Beta Hunt, are ongoing to ensure continued production enhancement.
Key Points
  • Westgold Resources reported a strong performance in Q4 FY26 with a total of 98,854 ounces of gold produced.
  • The Murchison operations showed a notable increase in production, contributing significantly to the total output.
  • The Southern Goldfields had a stable production with the Higginsville processing plant treating 407kt of ore.
  • Net mine cashflow for the group was reported at A$159 million for the quarter.
  • Westgold achieved an average gold price of A$6,391 per ounce during the quarter.
  • The company maintained a robust cash position with total available liquidity of $1.5 billion.
  • Westgold is fully unhedged, maximizing its leverage to the gold price.
  • The company continued its share buyback program, spending A$26.6 million to repurchase shares.
  • Efforts to resolve ventilation issues at Beta Hunt mine are ongoing, with plans for a new system to boost capacity.
  • Divestment of non-core assets resulted in immediate value delivery and strategic equity holdings for future upside.
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.