Westgold Resources has published its three-year outlook showcasing a “high confidence plan” to increase production by more than 25 per cent by 2028.
Annual gold production is set to increase from 326 koz a year to 470 koz from the 2027-28 financial year (FY28), underpinned by 2025 ore reserves which sat at 56 million tonnes at 1.93 grams per tonne (g/t) gold for 3.5 million ounces of gold.
The company’s four processing hubs – with an approximate processing capacity of 6 million tonne per annum – and increasing mine outputs and mill feed grades have also been used as metrics to show the fully funded plan is feasible.
In a statement, the company outlined growth across its gold producing portfolio in the Murchison and Southern Goldfields in Western Australia.
This includes expected increases in exploration efforts at the Higginsville Hub, with expansion studies to increase mill capacity also expected to take place.
Additional opportunities earmarked in the three-year outlook include resource definition studies continuing at the Bluebird-South Junction within the Meekatharra Hub and overall mining productivity improvements.
Westgold managing director Wayne Bramwell noted the plan is “executable” and will see the business “step up production”.
“It provides a baseline for a larger, more profitable and sustainable gold producer. Most critically this growth is organic and fully funded. The outlook is underpinned by realistic production forecasts, cost assumptions and focuses on maximising the performance of our existing processing infrastructure to drive our costs down,” he said.
“Westgold’s FY25 mineral resource estimate of 16.3 moz and ore reserves of 3.5 moz underwrites the three-year outlook. With our operations now being optimised on higher-grade mine outputs, consistent operational delivery will lower our AISC [all-in sustaining costs], driving free cash flow and delivering higher returns to our shareholders.”
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