FY26 Guidance

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Stock Westgold Resources Ltd (WGX.ASX)
Release Time 7 Aug 2025, 8:29 a.m.
Price Sensitive Yes
 Westgold Resources Announces FY26 Guidance
Key Points
  • Production guidance of 345-385koz at AISC of $2,600-$2,900/oz
  • Non-sustaining capex guidance of $270M, investing in Bluebird-South Junction and Great Fingall mines
  • Exploration and resource definition guidance of $50M
Full Summary

Westgold Resources Limited (ASX | TSX: WGX) has announced its FY26 Guidance, highlighting increased group mine and milling outputs that are expected to deliver improved free cash flow in the year. The company's production guidance for FY26 is 345,000 - 385,000 ounces, at an All-In Sustaining Cost (AISC) of A$2,600 - A$2,900 per ounce. This production is expected to be back-end weighted to the second half of FY26 due to the timing of mine ramp-ups at Bluebird-South Junction, Great Fingall, and from third-party ore sources. Westgold plans to invest A$270 million in non-sustaining capital expenditure, predominantly at the Bluebird-South Junction (A$81 million) and Great Fingall (A$97 million) growth projects within the Murchison region. The company will also invest A$50 million in exploration and resource definition activities, targeting 100km of drilling across both the Murchison and Southern Goldfields packages. Westgold's Managing Director and CEO, Wayne Bramwell, highlighted the company's focus on delivering safe and profitable ounces, driven by continued investment in drilling, operational efficiency improvements, and prudent capital allocation.

Guidance

Production guidance of 345,000 - 385,000 ounces at AISC of A$2,600 - A$2,900 per ounce for FY26.

Outlook

Westgold is focused on leveraging its expanded scale, optimizing its largest mines and mills for grade and enhanced free cash flow in FY26. The company remains committed to becoming the leading Australian gold company through the delivery of safe and profitable ounces, supported by a robust balance sheet and a clear path to organic growth.