Westgold Resources beats annual guidance with 387,354 ounces

Full story: https://grafa.com/en/news/australia/westgold-resources-beats-annual-guidance-with-387-354-ounces

FY26 gold production exceeded company guidance at 387,354 ounces.
Quarterly underlying cash build reached $233 million while maintaining zero debt.
Divestment of non-core assets completed ahead of August financial results and updated outlook.

Westgold Resources (ASX:WGX) produced 387,354 ounces of gold in FY26 to surpass its annual guidance range.

The miner maintained full-year all-in sustaining costs within target levels at $2,841 per ounce.

During the fourth quarter, the business generated $233 million in underlying cash build before growth investments.

Westgold completed its non-core divestments after selling the Peak Hill and Chalice gold projects during the year.

The business stated that it remains debt-free and fully unhedged while continuing its share buyback programme.

Following the announcement, the Westgold Resources share price was down at $4.57.

The company stated that full-year financial results and updated multi-year guidance will be released in August.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":588522007384448,"tweetId":"588522007384448","gmtCreate":1784709302655,"gmtModify":1784709479835,"author":{"id":4169784042383112,"idStr":"4169784042383112","authorId":4169784042383112,"authorIdStr":"4169784042383112","name":"Grafa","avatar":"https://community-static.tradeup.com/news/ec1614006170d0aa3182195a94e8944d","vip":2,"userType":2,"introduction":"Grafa generates AI-driven data, news and analysis about NYSE, Nasdaq and ASX stocks","boolIsFan":false,"boolIsHead":false,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[],"fanSize":254,"starInvestorFlag":false},"themes":[],"images":[{"img":"https://community-static.tradeup.com/news/199d8b17343d8d3584c4d708b1c069f5","width":"1280","height":"717"}],"coverImages":[{"img":"https://community-static.tradeup.com/news/199d8b17343d8d3584c4d708b1c069f5","width":"1280","height":"717"}],"title":"Westgold Resources beats annual guidance with 387,354 ounces","html":"<html><head></head><body><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/199d8b17343d8d3584c4d708b1c069f5\" tg-width=\"1280\" tg-height=\"717\"></p>\n<p>Full story: https://grafa.com/en/news/australia/westgold-resources-beats-annual-guidance-with-387-354-ounces</p>\n<ul>\n <li>\n  <p>FY26 gold production exceeded company guidance at 387,354 ounces.</p></li>\n <li>\n  <p>Quarterly underlying cash build reached $233 million while maintaining zero debt.</p></li>\n <li>\n  <p>Divestment of non-core assets completed ahead of August financial results and updated outlook.</p></li>\n</ul>\n<p style=\"text-align: start;\">Westgold Resources (ASX:WGX) produced 387,354 ounces of gold in FY26 to surpass its annual guidance range.</p>\n<p style=\"text-align: start;\">The miner maintained full-year all-in sustaining costs within target levels at $2,841 per ounce.</p>\n<p style=\"text-align: start;\">During the fourth quarter, the business generated $233 million in underlying cash build before growth investments.</p>\n<p style=\"text-align: start;\">Westgold completed its non-core divestments after selling the Peak Hill and Chalice gold projects during the year.</p>\n<p style=\"text-align: start;\">The business stated that it remains debt-free and fully unhedged while continuing its share buyback programme.</p>\n<p style=\"text-align: start;\">Following the announcement, the Westgold Resources share price was down at $4.57.</p>\n<p style=\"text-align: start;\">The company stated that full-year financial results and updated multi-year guidance will be released in August.</p></body></html>","htmlText":"<html><head></head><body><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/199d8b17343d8d3584c4d708b1c069f5\" tg-width=\"1280\" tg-height=\"717\"></p>\n<p>Full story: https://grafa.com/en/news/australia/westgold-resources-beats-annual-guidance-with-387-354-ounces</p>\n<ul>\n <li>\n  <p>FY26 gold production exceeded company guidance at 387,354 ounces.</p></li>\n <li>\n  <p>Quarterly underlying cash build reached $233 million while maintaining zero debt.</p></li>\n <li>\n  <p>Divestment of non-core assets completed ahead of August financial results and updated outlook.</p></li>\n</ul>\n<p style=\"text-align: start;\">Westgold Resources (ASX:WGX) produced 387,354 ounces of gold in FY26 to surpass its annual guidance range.</p>\n<p style=\"text-align: start;\">The miner maintained full-year all-in sustaining costs within target levels at $2,841 per ounce.</p>\n<p style=\"text-align: start;\">During the fourth quarter, the business generated $233 million in underlying cash build before growth investments.</p>\n<p style=\"text-align: start;\">Westgold completed its non-core divestments after selling the Peak Hill and Chalice gold projects during the year.</p>\n<p style=\"text-align: start;\">The business stated that it remains debt-free and fully unhedged while continuing its share buyback programme.</p>\n<p style=\"text-align: start;\">Following the announcement, the Westgold Resources share price was down at $4.57.</p>\n<p style=\"text-align: start;\">The company stated that full-year financial results and updated multi-year guidance will be released in August.</p></body></html>","text":"Full story: https://grafa.com/en/news/australia/westgold-resources-beats-annual-guidance-with-387-354-ounces FY26 gold production exceeded company guidance at 387,354 ounces. Quarterly underlying cash build reached $233 million while maintaining zero debt. Divestment of non-core assets completed ahead of August financial results and updated outlook. Westgold Resources (ASX:WGX) produced 387,354 ounces of gold in FY26 to surpass its annual guidance range. The miner maintained full-year all-in sustaining costs within target levels at $2,841 per ounce. During the fourth quarter, the business generated $233 million in underlying cash build before growth investments. Westgold completed its non-core divestments after selling the Peak Hill and Chalice gold projects during the year. The business stated that it remains debt-free and fully unhedged while continuing its share buyback programme. Following the announcement, the Westgold Resources share price was down at $4.57. The company stated that full-year financial results and updated multi-year guidance will be released in August.","highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/588522007384448","repostId":0,"isVote":1,"tweetType":1,"viewCount":1,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":948,"optionInvolvedFlag":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/588522007384448"}