
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.
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.

