Westgold Resources reports record gold production of 111,418oz Au in Q2 FY26, with AISC of $3,500/oz. Underlying Quarterly Cash Build doubles to $365M. Treasury closing at $654M. Group aims for 470,000oz gold production by FY28 at AISC of around $2,500/oz. Westgold closed Q2 with $654M in cash, bullion, and liquid investments, marking a build of $182M. Group continues to focus on reducing cost structure and maximizing value from operations. For full article, visit Benzinga.com.

Unusual Whales
2026.01.20 22:40
Westgold Resources Limited, an ASX200 Australian gold producer, reported their Q2 FY26 results with record gold production of 111,418oz at an AISC of $3,500/oz. They achieved a record quarterly cash build of $365M, doubling from the previous quarter. Their total closing cash, bullion, and liquid investments reached $654M, representing a $182M increase. Westgold is debt free and unhedged, with a focus on reducing cost structures and increasing production. The company maintains its production guidance for FY26 at 345-385koz and plans to increase annual gold production to ~470,000oz by FY28 while reducing AISC to $2,500/oz. The Murchison hubs produced 80,934oz of gold with an AISC of $3,457/oz, while the Southern Goldfields hub produced 30,484oz at an AISC of $3,614/oz in Q2 FY26. Westgold's 3-Year Outlook outlines strategies to lower costs and increase production. The company remains committed to unlocking shareholder value through operational improvements and growth projects.