Westgold Resources (ASX:WGX) Sees Higher Gold Production in 1HFY25 but Lowers Full-Year Guidance

Tue 18 Feb 25, 05:02 AM | Team Kalkine

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Highlights

Westgold Resources' revenue surged by 71.84% YoY to AUD 623.95 million in 1HFY25

Gold sales in 1HFY25 reached 159,081 ounces, up from 122,081 ounces in the same period of FY24.

FY25 gold production revised to 330,000-350,000 ounces from the earlier estimate of 400,000-420,000 ounces.

Western Australia-based gold development, exploration and mining company Westgold Resources (ASX: WGX) saw a significant year-on-year revenue increase of 71.84% in the first half of the financial year 2025 (1HFY25). Revenue reached AUD 623.95 million, compared to AUD 363.09 million for the same period in FY24. The period saw gold sales of 159,081 ounces in 1HFY25, marking an improvement over the 122,081 ounces sold in the previous year. Meanwhile, gross profit surged by 75.17% YoY to AUD 126.24 million from AUD 72.07 million in 1HFY24.

Higher achieved gold prices and expanded operations, particularly following the successful merger with Karora, have significantly contributed to the company’s performance.

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