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Westgold Resources ( (AU:WGX) ) has provided an announcement.
Westgold Resources reported a record quarter to 31 December 2025, with group gold production rising 33% quarter on quarter to 111,418 ounces at an all-in sustaining cost of $3,500/oz, supported by the restart of reef mining at Great Fingall and increased purchases of high-grade oxide ore. Strong production and a record achieved gold price of A$6,356/oz drove gold sales of 115,200 ounces and revenue of A$732 million, effectively doubling underlying quarterly cash build to a record $365 million and lifting closing cash, bullion and liquid investments to $654 million, while the company remained debt free and unhedged. Portfolio optimisation continued through the $64.6 million divestment of Mt Henry-Selene and the planned demerger of the Reedy’s and Comet assets into newly listed Valiant Gold Limited, as Westgold maintained FY26 guidance and advanced key growth projects aimed at structurally lowering costs and unlocking additional value for shareholders.
The most recent analyst rating on (AU:WGX) stock is a Buy with a A$7.50 price target. To see the full list of analyst forecasts on Westgold Resources stock, see the AU:WGX Stock Forecast page.
More about Westgold Resources
Westgold Resources is an ASX200-listed Australian gold producer operating four mining hubs with about 6Mtpa of processing capacity across the Murchison and Southern Goldfields regions of Western Australia. The company focuses on safe, responsible and profitable gold production and remains debt free and unhedged, positioning itself as a significant mid-tier player in the domestic gold sector.
Average Trading Volume: 3,298,511
Technical Sentiment Signal: Buy
Current Market Cap: A$6.28B
For an in-depth examination of WGX stock, go to TipRanks’ Overview page.