Business · Companies · 2 hrs ago
Westgold reports 98,393 ounces of gold production in first quarter
Westgold Resources produced 98,393 ounces of gold in the first quarter of its 2027 financial year.
The Australian gold producer sold 99,900 ounces and reported $602 million in sales revenue.
Its cash, bullion and liquid investments reached $1.04 billion, after rising by $101 million during the quarter.
Westgold also reported no debt and no gold-price hedging, and increased its ore reserves by 41% to 4.1 million ounces.
The company remains on track to meet its full-year production guidance of 385,000 to 425,000 ounces.
Its longer-term 4-5-6 strategy aims to expand production to about 500,000 ounces a year by FY29, with planned expansions at the Cue and Meekatharra hubs.
Westgold also approved a $50 million share buy-back for FY27 and set a minimum annual shareholder return of 3 cents per share, including at least 2 cents as a fully franked dividend.
Westgold Resources reported gold production of 98,393 ounces in the first quarter of FY27.
The company sold 99,900 ounces for $602 million in revenue, at an average price of $6,029 per ounce.
Operating mine cash flow was $292 million, and treasury stood at $1,040 million at the end of September.
Group Ore Reserves increased by 41% to 4.1 million ounces.
Westgold said it remained on track to meet its full-year production guidance of 385,000 to 425,000 ounces.
- Who
- Westgold Resources, a gold producer.
- What
- It reported first-quarter FY27 gold production of 98,393 ounces.
- When
- The first quarter of FY27; the update was published on October 21, 2026.
- Where
- Its operations in the Murchison and Southern Goldfields.
- Why
- Not stated
This story does not have two clearly opposing sides.
Westgold produced 98,393 ounces of gold during the quarter.
Westgold reported treasury of $1,040 million, with no debt and no hedging.
Motley Fool AU published the Q1 FY27 earnings update.
- Gold production
- 98,393 ounces
- Gold sold
- 99,900 ounces
- Gold sales revenue
- $602 million
- End-of-period treasury
- $1,040 million
- Group Ore Reserves
- 4.1 million ounces, up 41%
What people are saying
Westgold made a strong start to FY27, producing 98,393oz at an AISC of $2,912/oz.
Mine ore production rose 7%, building ore stockpiles and supporting steady mill output despite planned maintenance and wet weather in the Murchison and we remain on track to meet FY27 guidance.
During the quarter, Group Ore Reserves increased 41% to 4.1Moz.
Our focus is now on turning this financial strength and growing ore inventories into higher production, lower unit costs and stronger cash generation.