Westgold has upped its production guidance for the 2024–25 financial year (FY25), with two of its sites delivering increased outputs.
Guidance for FY25 has increased to 400,000–420,000 ounces (oz), up from 220,000–235,000 oz in FY24.
Westgold is anticipating FY25 to be a peak investment year as it works to optimise and integrate its Southern G0ldfields assets and commence production at the Great Fingall mine in Western Australia.
“FY25 sees a substantial step change in scale of operation for Westgold,” Westgold managing director and chief executive officer Wayne Bramwell said.
“Growth capital into our largest and highest-grade mines establishes a business capable of delivering significantly higher outputs in FY26. Exploration investment in FY25 extends the lives of those mines.”
Production at Great Fingall, the South Junction and Big Bell Deeps is expected to ramp up in the second half of FY25, and the Beta Hunt gold mine in WA is expected to reach a two million tonnes per annum run rate.
“Integrating and optimising the Southern Goldfields assets will be the focus in [the first half of] FY25 with Beta Hunt beginning to deliver increased output in [the second half],” Bramwell said.
“Exploration investment in FY25 extends the lives of those mines.”
Westgold’s exploration guidance is $50 million.
“Westgold is building a long-term, sustainable Australian gold company with an enviable pipeline of internal growth opportunities and FY25 will be pivotal in established our future,” Bramwell said.
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