Key Highlights

  • Westgold (ASX:WGX) recorded the largest decline in this group, down 4.61% to A$5.59, while Vault (ASX:VAU) fell 3.64% to A$5.83.
  • Capricorn reported 31,218 oz of gold at an AISC of A$2,005 per ounce, and guided to 137,000 to 147,000 oz for FY27.
  • Vault reported 76,849 oz produced and an AISC of A$3,529 per ounce for the September quarter.

Company

Ticker

Price (A$)

% Change

Capricorn Metals Ltd

CMM

A$13.905

-4.10%

Vault Minerals Ltd

VAU

A$5.83

-3.64%

Westgold Resources Ltd

WGX

A$5.59

-4.61%

Three Western Australian gold producers all fell on 6 November 2026, making this one of the more uniform groups in the series. Each company reported its September quarter in late October, and the reports are useful for comparing cost positions across the three operations. The article pairs each session price with the relevant release so readers can see the production and cost data behind each business. The session was a broad sell-off across ASX resources. The S&P/ASX 300 Metal & Mining index (XMM) fell 2.92% to 7,699.50, the S&P/ASX 200 Materials Index (XMJ) fell 2.51% to 22,604.40, and the S&P/ASX 200 (XJO) was down 0.49% at 9,020.80. Overnight, the S&P 500 fell 4.36%, the Nasdaq 5.52% and the Nikkei 225 5.80% at the 5 November close, and the session data links the local move to that international weakness. Gold was quoted at US$4,076.20 (down 0.91%), silver at US$51.98 (down 0.67%) and copper at US$13,777.00 (down 0.18%). 

Capricorn Metals Ltd (ASX:CMM)

Capricorn traded at A$13.905, down 4.10%. Its September quarter report, dated 29 October 2026, reported 31,218 oz at an AISC of A$2,005 per ounce, against A$1,648 in the prior quarter. Cash Flow from operations was A$113.1 million and cash and gold on hand was A$535.0 million. FY27 guidance of 137,000 to 147,000 oz at an AISC of A$1,900 to A$2,100 per ounce was reaffirmed.

Vault Minerals Ltd (ASX:VAU)

Vault traded at A$5.83, down 3.64%. Its September quarter report, dated 22 October 2026, reported 76,849 oz produced and 79,085 oz sold at an average realised price of A$6,023 per ounce. Group AISC was A$3,529 per ounce. Leonora produced 44,467 oz, Deflector's AISC including a non-cash stockpile charge was A$4,987, and Sugar Zone underground operations restarted on 1 July 2026.

Westgold Resources Ltd (ASX:WGX)

Westgold traded at A$5.59, down 4.61%, the largest fall in this group. Its Q1 FY27 report, dated 21 October 2026, reported 98.4 koz of gold at an AISC of A$2,912 per ounce, against 98.9 koz at A$2,802 in Q4 FY26. There were no lost time injuries, ore stockpiles rose 51% to 696 kt, and the company reported an underlying treasury build of A$251 million.

Sector Context

All three stocks are gold producers, and the gold price was quoted at US$4,076.20, down 0.91%, on the day. The metals and mining index fell 2.92%. The three companies reported AISCs ranging from about A$2,005 to A$3,529 per ounce, which shows the spread of cost positions in the group.