Westgold delivers record FY25 performance

Westgold Resources has posted record results for the June quarter, including a $132 million treasury build and gold production of 88,022 ounces.

In its June quarterly, Westgold said its results demonstrated the company’s increasing ability to generate free cash flow.

Revenue from gold sales during the quarter totalled $370 million, with 71,500 ounces sold at an average price of $5174 per ounce.

The company closed the financial year with $364 million in cash, bullion, and liquid investments.

“Westgold’s fourth quarter of the 2024–25 financial year (Q4, FY25) results of 88,000 ounces of production and $132 million in treasury build were group records,” Westgold managing director and chief executive officer Wayne Bramwell said.

“These results propelled the group to a full year production record of 326,384 ounces (at AISC of $2666 per ounce) and closing cash, bullion and liquid investments of $364 million – demonstrating the growing free cash flow capability of our business.”

Operational improvements across Westgold’s portfolio underpinned the strong quarter, with higher mine productivity and milling throughputs.

Production at larger assets, including Big Bell and Bluebird-South Junction, continued to ramp up, while smaller mines such as Starlight and Two Boys provided strong support.

Westgold fired the first stopes at South Junction, establishing a new mine design to support long-term output.

Meanwhile, infrastructure upgrades at Beta Hunt and the Big Bell Upper Cave helped increase tonnage and productivity.

Another major highlight was the maiden 2.3-million-ounce mineral resource estimate at the Fletcher Zone within Beta Hunt.

“This result, achieved from just 1km of the known 2km strike, validates our view of the potential upside in Beta Hunt and signals the beginning of a multi-decade growth journey for the Fletcher Zone,” Bramwell said.

Westgold invested $9 million in exploration in Q4 and the company remains 100 per cent unhedged. FY26 guidance is expected in August, with a three-year outlook to follow in September.