Westgold Resources (ASX / TSX: WGX)
Released its latest update covering its September 2026 quarterly results (Q1 FY27) and progress at the Beta Hunt mine.
Gold production was 98.4 koz at an AISC of A$2,912 per Oz Au.
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Beta Hunt Mine at night – Credits Westgold
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| Westgold | ASX / TSX: WGX | |
| Stage | Production + development | |
| Metals | Gold | |
| Market cap | A$4.65 Billion @ A$5 | |
| Location | Western Australia | |
| Website | www.westgold.com.au |
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Westgold Publish September 2026 Quarterly Results
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Westgold Resources Limited (ASX: WGX / TSX: WGX) released its latest major updates on 20–21 October 2026, covering its September 2026 quarterly results (Q1 FY27) and progress at the Beta Hunt mine.
September 2026 Quarterly Results (Q1 FY27)
- Gold production: 98.4 koz at an All-In Sustaining Cost (AISC) of A$2,912/oz (98.9 koz at A$2,802 Oz in the prior quarter).
- The company remains on track for full-year FY27 guidance of 385–425 koz at an AISC of A$2,980–$3,380/oz.
- Produced 402 koz over the past four consecutive quarters.
- Ore stockpiles rose 51% to 696 kt, supporting continuity through maintenance and weather.
- Mine operating cash flow of A$292 million and an underlying Treasury build of A$251 million.
- Cash, bullion and liquid investments increased by A$101 million to A$1,040 million (after growth capital, exploration and share buy-backs). The company remains debt-free and fully unhedged.
- Strong AISC margin of A$3,117 Oz. at current gold prices.
Growth highlights:Group Ore Reserves increased 41% to 4.1 Moz after depletion and asset sales, including a 1.1 Moz maiden Ore Reserve at Fletcher.The updated 3 year outlook supports a pathway to ~500 kozpa by FY29, with potential beyond 600 koz pa further out.
Beta Hunt Mine
- A record rate of 2 Mtpa was achieved in September 2026.
- An interim primary ventilation system has been commissioned.
- A sustained 2 Mtpa performance is targeted from Q2 FY27 onwards.
- Westgold is advancing studies on the Fletcher zone and Southern Goldfields expansion with a group production target of 500 koz per year by FY29.
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To view the new corporate presentation, please click HERE
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Disclosure
At the time of writing the author holds shares in Westgold.
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