Westgold has announced it is on track to meet 2024–25 financial year (FY25) guidance after a record third quarter (Q3).
Westgold produced a record 77,369 ounces (oz) of gold from its expanded portfolio, achieving an average sale price of $3,723/oz.
Cash, bullion and liquid investments for Westgold at September 30 was $103.2 million.
With an additional $100 million available in its undrawn revolving corporate facility, Westgold has $203 million in available funds, bolstering liquidity during a period of peak capital investment.
“In August Westgold successfully completed a $1.4 billion merger that created a top five ASX and top 10 TSX listed gold producer and propelled the company into the ranks of the ASX200,” Westgold managing director and chief executive officer Wayne Bramwell said.
“Q1 FY25 delivered our highest quarterly gold production yet, with the results only reflecting two months’ production from our Southern Goldfields operations.
“Westgold remains on-track to achieve our stated full-year production guidance, with production back-ended in the second half of the financial year as Bluebird South-Junction expands to the 1.2 million tonnes per annum (Mtpa) run rate.
“We look forward to delivering more quarterly production records and cash-build as we optimise, then expand our extended portfolio of assets in two of Australia’s most prolific gold-producing regions.”
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