Westgold Resources Ltd (TSE:WGX)
OTHER OTC:WGX
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Earnings Data
Report Date
Sep 02, 2026TBA (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
0.31Last Year’s EPS
<0.01Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a strongly positive operational and financial half: record revenue, earnings, cash generation and a materially strengthened balance sheet (debt-free and $654m treasury). Production and operational milestones support confidence in the three‑year outlook and identified upside opportunities. Offsetting items include a large non‑cash accounting loss, elevated unit costs from purchased ore that raise combined AISC above the stated guidance range, several one‑off cash outflows (stamp duty, growth spend) and the decision to withhold an interim dividend pending franking credits. Overall, the positives—significant margin and cash improvements, portfolio simplification, and a clear growth plan—substantially outweigh the lowlights.Company Guidance
Record Revenue and Profit
Revenue of $1.2 billion (effectively doubled YoY, +100%) drove record underlying results: underlying EBITDA $612 million (up from $224 million, +173%), underlying net profit before tax $447 million (up from $89 million, ~+402%), and underlying net profit after tax $314 million (up from $57 million, ~+451%).
Very Strong Cash Generation and Treasury Build
Underlying treasury build of $550 million for H1 FY26 vs $100 million in the prior corresponding period (≈+450%). Net cash flows from operations of $532 million. Closing treasury balance $654 million vs $152 million in H1 FY25 (≈+330%).
Production and Unit Cost Performance
Group production for the half of 195,000 ounces (170,000 ounces from mined ore + 25,000 ounces from purchased ore). All-in sustaining cost (AISC): mined ore $2,871/oz; purchased ore $5,644/oz; combined group AISC $3,225/oz. Core business generated $517 million in net cash flow.
Balance Sheet Strength and Debt Elimination
Company finished the period debt-free after $50 million of debt repayment during the half, providing flexibility and optionality to pursue growth and returns.
Portfolio Simplification and Realized Value from Noncore Assets
Sale of Mt Henry-Selene agreed for total consideration of up to $110 million (immediate $15 million cash + $65 million in Alicanto shares + up to $30 million deferred). Sale of other noncore assets progressed (Peak Hill, Chalice); demerger IPO (Valiant Gold) planned with Westgold to retain ~44–48%.
Shareholder Returns and Capital Management
Declared $0.03/share final dividend for FY25, upgraded dividend policy for FY26, launched a 5% on-market share buyback program and paid $28 million in FY25 dividends during the half.
Clear 3-Year Outlook and Operational Upside
Three-year plan: grow production from 326,000 oz (FY25) to ~470,000 oz by FY28 and reduce AISC toward ~ $2,500/oz. Material upside opportunities identified (Bluebird South Junction, Higginsville mill expansion, operational improvements) with some upside potentially earlier than base case.
TSE:WGX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TSE:WGX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 25, 2026 | C$7.62 | C$7.50 | -1.57% |
Nov 14, 2025 | C$5.32 | C$5.01 | -5.83% |
Aug 28, 2025 | C$3.06 | C$3.08 | +0.62% |
May 12, 2025 | C$2.46 | C$2.32 | -5.61% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Westgold Resources Ltd (TSE:WGX) report earnings?
Westgold Resources Ltd (TSE:WGX) is schdueled to report earning on Sep 02, 2026, TBA (Confirmed).
What is Westgold Resources Ltd (TSE:WGX) earnings time?
Westgold Resources Ltd (TSE:WGX) earnings time is at Sep 02, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is TSE:WGX EPS forecast?
TSE:WGX EPS forecast for the fiscal quarter 2026 (Q4) is 0.31.