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An announcement from Westgold Resources ( (AU:WGX) ) is now available.
In its December 2024 quarterly report, Westgold Resources announced record gold production of 80,886 ounces with improved safety performance and increased net mine cash flow of $45 million. The company is focusing on expanding its operations and enhancing productivity through strategic investments in mine infrastructure and development drilling, aiming to increase free cash flow and reduce operating costs in the future. Notable achievements include the expansion of the Bluebird-South Junction Resource and significant drilling results, alongside a strategic ore purchase agreement with New Murchison Gold and an expanded corporate facility worth A$300 million to support its growth ambitions.
More about Westgold Resources
Westgold Resources Limited is an Australian gold company listed on the ASX200, with six operating mines and a processing capacity of approximately 7 million tonnes per annum across two of Western Australia’s key gold regions. The company aims to sustainably produce over 500,000 ounces per annum by the fiscal year 2026/27.
YTD Price Performance: -8.06%
Average Trading Volume: 72,699
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.59B
For a thorough assessment of WGX stock, go to TipRanks’ Stock Analysis page.
