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Westgold Resources (OTCPK:WGXR.F) Earnings Call Presentation
2025-10-01 01:00
Production and Cost Outlook - The company's 3-Year Outlook (3YO) aims to deliver sustainable production exceeding 470 thousand ounces (koz) of gold by FY28 [15] - FY25 production is projected at 326 koz of gold at an All-In Sustaining Cost (AISC) of A$2,666 per ounce [18] - The company anticipates a decrease in AISC as mill utilization and mill grade increase across its four existing processing hubs with a capacity of approximately 6 million tonnes per annum (Mtpa) [23] - The 3YO plan is underpinned by current Ore Reserves of 56 million tonnes (Mt) at 1.93 grams per tonne (g/t) Au for 3.5 million ounces (Moz) of gold [19, 26] Capital Allocation and Funding - The company has allocated $150 million for exploration and resource conversion within the 3YO [26] - The 3YO plan is fully funded through the company's balance sheet strength and Free Cash Flow (FCF) [23] - Non-sustaining capital expenditure is expected to decrease after peaking in FY27 [23] Processing Capacity and Expansion - The company is focused on fully utilizing its existing processing hubs, leveraging and expanding its existing 6 Mtpa processing capacity to enhance FCF [27] - The Meekatharra Hub's Bluebird-South Junction underground expansion is expected to reach 1.2 Mtpa in FY28 [33] - Beta Hunt infrastructure upgrades are expected to support a 2 Mtpa run rate by the second half of FY26 [36] Growth and Upside Potential - The 3YO plan excludes potential upside from further expansion of the Bluebird-South Junction mine and a potential Higginsville mill expansion to 4 Mtpa [43]