Westgold Resources delivers strong Q3 gold production and cash growth

Westgold Resources Limited reported producing 93,145 ounces of gold in its fiscal third quarter of 2026, with all-in sustaining costs of $2,931 per ounce excluding its ore purchase agreement. The company built $285 million in underlying cash before growth capital and other expenditures, boosting its treasury to $856 million. CEO Wayne Bramwell highlighted the business's scale, resilience, and full exposure to gold prices.

Westgold Resources Limited unveiled its March 2026 quarterly results during a webinar on April 28. CEO and Managing Director Wayne Bramwell presented the highlights, joined by Chief Operating Officer Aaron Rankine and Chief Financial Officer Tommy Heng. The company achieved solid production and cash generation, operating unhedged to capture gold price upside. Bramwell noted the outcomes reflect a business gaining scale and financial flexibility. Gold output reached 93,145 ounces, with all-in sustaining costs at $2,931 per ounce before the ore purchase agreement and $3,338 including it. This performance drove an underlying cash build of $285 million prior to growth capital, exploration, and one-off items. Treasury levels rose by $202 million, ending the quarter at $856 million in cash, bullion, and liquid investments. Bramwell pointed to a momentum-building waterfall chart showing steady progress year-to-date across operations.

Verwandte Artikel

Mineros S.A. reported 60,782 equivalent gold ounces produced in Q1 2026, a 10% year-over-year increase. The growth was driven by improvements at its Hemco operation in Nicaragua. The company expects to hit the high end of its annual guidance.

Von KI berichtet

Liontown Limited held its Q2 2026 earnings call on March 11, 2026, highlighting significant progress at its Kathleen Valley project. The company announced over $208 million in revenue for the half-year, more than double the previous period. CEO Antonino Ottaviano described the period as an inflection point for the business.

Gold prices have fallen unexpectedly amid escalating geopolitical tensions in West Asia, diverging from their traditional safe-haven role. A strong U.S. dollar, rising Treasury yields, and profit-taking after recent gains are key factors suppressing prices. Analysts note a choppy near-term outlook but constructive long-term prospects.

Von KI berichtet

Precious metals gold and silver reached all-time highs in January 2026 before experiencing sharp volatility and cooling off by nearly 10%. Global and domestic markets saw significant gains last month, but prices are now expected to remain range-bound for weeks. Analysts predict back-and-forth movements within defined zones.

Mittwoch, 22. April 2026, 19:49 Uhr

Develop Global declares commercial production at Woodlawn mine

Montag, 20. April 2026, 09:15 Uhr

Yancoal Australia recaps first-quarter production in earnings call

Dienstag, 14. April 2026, 03:00 Uhr

Greenlight Capital funds return 6.5% in Q1 2026

Sonntag, 15. März 2026, 03:09 Uhr

Gambella gold production up 35 percent

Mittwoch, 11. März 2026, 21:37 Uhr

Westrock Coffee reports record 2025 results and 2026 outlook

Samstag, 07. März 2026, 13:54 Uhr

Webull reports 2025 revenue growth and crypto surveillance partnership

Donnerstag, 05. März 2026, 22:16 Uhr

PGM rebound boosts South African economy and treasury

Montag, 02. März 2026, 01:22 Uhr

IonQ reports 429% Q4 revenue surge

Montag, 23. Februar 2026, 14:07 Uhr

Standard Chartered's 2025 profit jumps 16% buoyed by wealth management

Montag, 09. Februar 2026, 11:30 Uhr

Gold achieves record demand and prices in 2025

 

 

 

Diese Website verwendet Cookies

Wir verwenden Cookies für Analysen, um unsere Website zu verbessern. Lesen Sie unsere Datenschutzrichtlinie für weitere Informationen.
Ablehnen