Westgold Resources (TSX: WGX) has reported figures for their fiscal fourth quarter, which represents the period ended June 30, 2025. The quarter is said to have been a record for the company in terms of production, with the company posting fiscal Q4 production of 88,022 ounces.
The figure follows the Murchison hub reporting production of 54,811 ounces for the quarter, while the Southern Goldfields saw production of 33,211 gold ounces. Fourth quarter all in sustaining costs meanwhile averaged A$2,688 an ounce.
The strong quarter however was not enough to meet full year production guidance, with 2025 production totaling 326,384 ounces of gold, which was shy of guidance which called for between 330,000 and 350,000 ounces of gold production. In terms of costing, the company also missed guidance, with 2025 AISC coming in at A$2,666 an ounce, versus guidance of A$2,400 to A$2,600 an ounce for the full year.
The fourth quarter saw total gold sales of 71,500 ounces, which were sold at an average price of A$5,174 an ounce, generating total revenue of A$370 million in the fourth quarter. The company ended the quarter with $364 million in cash, bullion and liquid investments, which represents an increase of $132 million on a quarter over quarter basis. The build was attributed to record gold production, an increase in the price of gold, and a $20 million payment received from the sale of the Lakewood Mill.
The cash build follows Westgold spending $39 million on capital expenditures, including $27 million in growth projects, of which $9 million was attributed to exploration, and $12 million on plant and equipment.
Guidance for 2026 meanwhile is slated to be released in August, followed by a three year outlook that will be released in September.
Westgold last traded at $2.59 on the TSX.
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