- Westgold Resources (WGX) reports record quarterly and financial year gold production from its operations in WA
- The company achieves its production guidance, with 270,878 ounces of gold produced for FY22 and 72,591 ounces produced for the June quarter
- In addition, it saw its best production to date from its Cue gold operations, with 24,797 ounces recorded in the last quarter
- Westgold will report its full-year costs in its quarterly results, but it is expected to land within 5 per cent of its guidance
- Shares in the company are up 4.1 per cent to trade at $1.27 as of 12:25 pm AEST
Westgold Resources (WGX) has reported record quarterly and financial year gold production from its operations in Western Australia.
The company achieved its production guidance, with 270,878 ounces of gold produced for FY22 and 72,591 ounces produced for the June quarter.
In addition, it saw its best production to date from its Cue gold operations, with 24,797 ounces recorded in the last quarter.
Westgold will report its full-year costs in its quarterly results, but expects to land within 5 per cent of its guidance.
Managing Director Wayne Bramwell said he was looking forward to unlocking further growth in the next financial year.
“Our team has met every challenge that FY22 has thrown at them, and this result is testament to their resilience and ability to find a way to succeed.
“In FY23 the focus will be on simplifying our business to enhance profitability and Westgold starts FY23 with renewed focus, continued commitment to safety and confidence in our future.”
Shares in the company were up 4.1 per cent to trade at $1.27 at 12:25 pm AEST.