Westgold Resources (ASX:WGX) Reports Revenue Boost in 1HFY25 Despite Temporary Loss, Maintains Production Targets.

Tue 08 Apr 25, 04:48 AM | Team Kalkine

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Highlights

Westgold Resources Limited (ASX:WGX) is a gold explorer, developer, and miner operating primarily in Western Australia’s Murchison and Southern Goldfields regions. In its recent half-year results for the period ended 31 December 2024 (1HFY25), WGX reported a significant 72% YoY jump in revenue to AUD 624 million, supported by higher gold prices and the acquisition of Karora. Gold sales during the reported period climbed 30% YoY to 159,081 ounces. However, EBITDA dipped slightly by 6% YoY to AUD 140 million, and the company recorded a net loss of AUD 28 million, compared to a profit of AUD 44 million in 1HFY24. This loss was attributed mainly to one-off acquisition costs.

Recent business developments

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