• Record quarterly gold production of 111,418oz
• Underlying cash build of $365M, up 100% quarter-on-quarter
• 3-Year Outlook outlines pathway to structurally lower costs

Westgold Resources Limited (ASX | TSX: WGX) reported results for the period ending 31 December 2025 (Q2 FY26), with record gold production, higher volume third-party ore purchase, and a record achieved gold price effectively doubling the underlying cash build compared to Q1 FY26. The company delivered record quarterly gold production of 111,418oz, a 33% increase quarter-on-quarter. This was driven by operational improvements in the Murchison region and higher volumes of high-grade oxide ore purchased from New Murchison Gold. The higher production and gold price resulted in an underlying cash build of $365M, up 100% quarter-on-quarter. Westgold closed the quarter with $654M in cash, bullion, and liquid investments, a $182M increase. The company's 3-Year Outlook outlines a clear pathway to structurally lower costs, with annual gold production expected to increase to ~470,000oz per annum by FY28 while reducing All-In Sustaining Costs to around $2,500/oz from FY27 onwards. This organic growth plan is based on Westgold's existing portfolio of operating assets and processing hubs. The company maintains its FY26 production guidance of 345-385koz and cost guidance of $2,600-$2,900/oz, excluding the impact of the gold price-linked ore purchase agreement.

Westgold maintains its FY26 production guidance of 345-385koz and cost guidance of $2,600-$2,900/oz, excluding the impact of the gold price-linked ore purchase agreement.

Westgold's 3-Year Outlook outlines a clear pathway to structurally lower costs and increase annual gold production to ~470,000oz per annum by FY28, while reducing All-In Sustaining Costs to around $2,500/oz from FY27 onwards.