Westgold Resources Limited Earnings Recaps
Q1 2027
Oct 23, 2026
Westgold rose 3.7% after reporting Q1 production broadly in line with Q4 and below-guidance AISC, while reaffirming it was on track for FY’27 production guidance. Investors also responded to a fully funded growth plan targeting production of 460,000–510,000 ounces in FY’29.
Key takeaways
- Produced 98,400 ounces at AISC of $2,912 per ounce; production was broadly in line with Q4’s 98,900 ounces, and AISC was below the guided range of $2,980–$3,380.
- Mined ore rose 7% quarter-on-quarter to 1.42 million tonnes; stockpiles increased 51% to 696,000 tonnes, or about six weeks of mill feed.
- Reported $292 million in mine operating cash flow and a $251 million underlying treasury build; closed September with over $1 billion in cash, bullion and liquid investments, debt-free and fully unhedged.
- FY’27 production guidance remains 385,000–425,000 ounces. The three-year plan targets 460,000–510,000 ounces in FY’29, with AISC of $2,640–$3,000 per ounce.
- Q1 non-sustaining capital was $111 million and exploration spend was $24 million; full-year guidance is $450–$480 million and $50–$75 million, respectively.