By Digifin Pty Ltd · About this coverage
Key Points
- Q1 FY27 gold production of 98.4koz at an AISC of $2,912/oz
- Underlying Treasury build of $251M; Treasury of $1,040M at 30 September
- Group Ore Reserves up 41% to 4.1Moz, including 1.1Moz maiden reserve at Fletcher
- New minimum annual return of 3 cents per share
- FY27 guidance of 385-425koz at an AISC of $2,980-$3,380/oz maintained
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 (ASX:WGX)'s September quarter report shows production holding steady while its cash position rose, and confirms the company remains on track for FY27 guidance.
Q1 FY27 gold production was 98.4koz at an AISC of $2,912/oz, compared with 98.9koz at $2,802/oz in Q4 FY26. At a realised gold price of $6,029/oz, the AISC margin was $3,117/oz, mine operating cash flow was $292M and the underlying Treasury build was $251M. Cash, bullion and liquid investments rose $101M to $1,040M at 30 September 2026, after $111M of non-sustaining capital, $24M of exploration and resource definition, and $20M of buy-back payments. Ore stockpiles rose 51% to 696kt. Group Ore Reserves increased 41% to 4.1Moz, including a 1.1Moz maiden Ore Reserve at Fletcher. Westgold remains debt free and unhedged, has approved a $50M FY27 on-market buy-back with $22M of shares purchased in the quarter, and has set a minimum annual return of 3 cents per share, including a minimum fully franked dividend of 2 cents per share. FY27 guidance is 385-425koz at an AISC of $2,980-$3,380/oz.
An FY26 tax payable balance of approximately $180M will be paid in Q2. AISC excludes Ore Purchase Agreement costs and production, and the pathway to about 500koz by FY29 is a company target.
Source: Westgold Resources Limited (ASX:WGX), 21 October 2026. Summary content supplied by Digifin Pty Ltd.
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