By Digifin Pty Ltd · About this coverage
Key Points
- FY27 production guidance of 385,000-425,000oz at AISC of A$2,980-A$3,380/oz
- FY27 growth capital of A$450m-A$480m, plus A$50m-A$75m of exploration and resource definition drilling
- FY29 production targeted at 460,000-510,000oz at AISC of A$2,640-A$3,000/oz on an FY27 real-cost basis
- Processing capacity to exceed 7Mtpa by FY29 via Cue in FY27 then Meekatharra in FY28
- FY27 production target is about 86% ore reserves, 7% inferred and 5% third party ounces
About Westgold (ASX:WGX)
Westgold Resources Limited is a gold producer headquartered in Perth and listed on the ASX and the Toronto Stock Exchange. It owns and operates underground and open pit gold mines together with its own processing hubs in the Murchison and Southern Goldfields regions of Western Australia. It is an owner-operator, running its own mining fleets through its Australian Contract Mining business rather than relying on external contractors.
Westgold Resources Limited (ASX:WGX) has issued FY27 guidance and an updated three-year outlook. It guided to FY27 group gold production of 385,000 to 425,000 ounces at an all-in sustaining cost of A$2,980 to A$3,380 an ounce, with third party ounces and costs excluded from the per ounce calculation. The company set out FY27 growth capital of A$450 million to A$480 million, directed at accelerated underground development across its largest underground mines, open pits and brownfield plant expansions at the Cue and Meekatharra processing hubs, together with A$50 million to A$75 million of exploration and resource definition drilling focused on continued resource conversion to reserve and resource extension across the Murchison and Southern Goldfields. Westgold said the planned investment reflects current intentions and is subject to operational priorities, market conditions and board approval.
The updated three-year outlook targets group production rising to 460,000 to 510,000 ounces in FY29 and all-in sustaining costs falling to A$2,640 to A$3,000 an ounce on an FY27 real-cost basis, with group processing capacity increasing to more than 7 million tonnes a year by FY29 through sequenced brownfield expansion of the Cue hub in FY27 and the Meekatharra hub in FY28, and more than A$150 million invested in exploration and resource definition across the outlook. Westgold said the production target comprises approximately 86% ore reserves, 2% measured and indicated resource, 7% inferred resource and 5% third party ounces in FY27, and that mineral resources included in the production target do not carry the same level of confidence as ore reserves. The Fletcher Zone at Beta Hunt is not included in the outlook; the company said that once developed, and supported by a larger Southern Goldfields processing hub, current internal conceptual studies indicate Fletcher could add approximately 140,000 ounces a year and position Westgold to deliver more than 600,000 ounces a year, which it described as an aspirational statement and not a warranty. Managing Director and Chief Executive Officer Wayne Bramwell said FY27 represents the peak investment year in the outlook.
Source: Westgold Resources Limited (ASX:WGX), 9 September 2026. Summary content supplied by Digifin Pty Ltd.
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