https://newsletter.mw.creamermedia.com
Business|Cutting|Design|Financial|Gold|Infrastructure|Lifting|Resources|Sustainable|Infrastructure
Business|Cutting|Design|Financial|Gold|Infrastructure|Lifting|Resources|Sustainable|Infrastructure
business|cutting|design|financial|gold|infrastructure|lifting|resources|sustainable|infrastructure

Westgold charts 3-year path to 470 000 oz production by FY28

1st October 2025

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

Font size: - +

ASX- and TSX-listed Westgold Resources has unveiled a three-year plan to lift its yearly gold production from 326 000 oz in 2025 to 470 000 oz by the 2028 financial year, while cutting costs and fully funding the expansion from internal cash flows.

The outlook, described as “conservative by design”, is underpinned by the company’s existing ore reserves of 3.5-million ounces and processing capacity of about six-million tonnes a year. It excludes potential upside from the emerging Fletcher zone at Beta Hunt and other growth options.

MD and CEO Wayne Bramwell said the plan provided a step change for the business. “Westgold's three-year outlook articulates a high confidence, executable plan that sees the business step up from 326 000 oz of production in FY25 to more than 470 000 oz by FY28,” he commented.

“It provides a baseline for a larger, more profitable and sustainable gold producer. Most critically this growth is organic and fully funded.”

The company’s four processing hubs – Meekatharra, Higginsville, Cue and Fortnum – are expected to run at full capacity over the period. Growth capital spending is set to peak in the 2027 financial year with a proposed expansion of the Higginsville hub to 2.6-million tonnes a year.

By 2028, Westgold expects to deliver 470 000 oz/y at all-in sustaining costs (AISC) of about A$2 500/oz, down from A$2 666/oz in 2025.

Bramwell said consistent delivery from higher-grade mine outputs would be central to lowering costs and lifting margins. “The outlook is underpinned by realistic production forecasts, cost assumptions and focuses on maximising the performance of our existing processing infrastructure to drive our costs down,” he said.

The three-year outlook also flagged further opportunities not factored into the base case, including a potential larger Higginsville expansion to four-million tonnes a year, resource growth at Bluebird-South Junction and productivity improvements.

Westgold described the plan as the first multi-year view of its business, giving shareholders, employees and stakeholders “a clear plan for the company’s objectives and trajectory over the next three years”.

The company's stock rose 10% to A$4.96 a share.

Edited by Creamer Media Reporter

Comments

Research Reports

Showroom

SABAT
SABAT

From batteries for boats and jet skis, to batteries for cars and quad bikes, SABAT Batteries has positioned itself as the lifestyle battery of...

VISIT SHOWROOM 
Carlisle TyrFil
Carlisle TyrFil

Flatproofing tire technology engineered to perform in extreme mining environments.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (26/09/2025)
26th September 2025 By: Martin Creamer

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.381 7.597s - 127pq - 2rq
Subscribe Now