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Financial|Gold|Resources|Operations
Financial|Gold|Resources|Operations
financial|gold|resources|operations

Post-merger Westgold sets production record

The Murchison operations

The Murchison operations

14th October 2024

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

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Fresh from a merger with Karora Resources, Westgold Resources on Monday posted record production of 77 269 oz of gold from its expanded portfolio.

The A$1.4-billion merger between Karora and Westgold was completed on August 1, creating a top-five ASX and top-ten TSX-listed producer, propelling the company into the ranks of the ASX200.

“First quarter 2025 delivered our highest quarterly production yet, with the results only reflecting two months’ production from our Southern Golfields operations,” said MD and CEO Wayne Bramwell.  

If the pre-merger July output of 13 988 oz from Southern Goldfields was included in the full first-quarter result, production would have been 91 357 oz.

Bramwell said Westgold remained on track to achieve its stated full-year production guidance, with production back-ended in the second half of the financial year.

In the latter half of the year, the Bluebird South-Junction will expand to a 1.2-million-tonne-a-year run rate, Beta Hunt will reach its expected run rate of two-million tonnes a year and miningill start at the Great Fingall.

“We look forward to delivering more quarterly production records and cash-build as we optimise, then expand our extended portfolio of assets in two of Australia's most prolific gold-producing regions,” stated Bramwell.

Edited by Creamer Media Reporter

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