Westgold Resources and Catalyst Metals both achieved significant progress in their operations during the December 2024 quarter, showcasing ongoing production growth and financial strength.
Westgold Resources
Westgold’s gold production for the December quarter increased to 80,886 ounces (oz), up from 77,369oz in the previous quarter.
The company’s production for the first half of the 2024–25 financial year (FY25) reached 158,255oz, with further growth expected in the second half of FY25.
Driving this increase was rising production from the Bluebird and Beta-Hunt underground mines, with production to further benefit from planned first ore at the Great Fingall mine in the second quarter of 2025.
“Q2 (second quarter), FY25 saw Westgold continue to optimise its expanded, post-merger business,” Westgold managing director and chief executive officer (CEO) Wayne Bramwell said.
“Production increased whilst we continued to heavily invest in the long-term capacity of our mines in the Murchison and Southern Goldfields.”
Catalyst Metals
At Catalyst Metals, total group production for the December quarter was 28,400oz, slightly improving from 28,000oz in the prior quarter. The Plutonic operation contributed 21,800oz, while Henty added 6600oz.
Catalyst ended the quarter debt-free with $84 million in cash and bullion, achieving a $26 million increase in liquidity since September 2024.
“Since Catalyst consolidated the Plutonic Gold Belt, it has been able to grow its cash balance quarter on quarter,” Catalyst managing director and CEO James Champion de Crespigny said.
“It has also been able to invest in growth – a second mine, Plutonic East, will open this quarter.”
Catalyst is ramping up its exploration efforts with eight drill rigs now active, compared to only two a year ago. The company is pursuing its ambitious 180,000m drilling program and prepares to bring the K2 and Trident operations online in the next 12 months.
Both Westgold and Catalyst continue to demonstrate strong financial and operational foundations as they execute their growth plans in the Australian gold sector.
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