Westgold Resources (WGXR.F) 2025 Earnings Call Presentation

Financial Performance & Growth - Westgold achieved a record Q4 FY25 and FY25, closing with $364 million in cash, bullion, and liquid investments[33, 34] - In Q4 FY25, Westgold produced 88,022 ounces of gold at an AISC (All-In Sustaining Cost) of $2,688/oz and sold 71,500 ounces at an average price of A$5,174/oz, generating revenue of A$370 million[36] - Westgold reported a record quarterly treasury build of $132 million in Q4 FY25[27, 36] Operational Highlights & Future Plans - Westgold is transitioning to predominantly longitudinal open stoping at the South-Junction mine, expecting paste fill to commence in late Q1 FY26, enabling 100% orebody extraction[41] - Great Fingall virgin stopes are expected to bring higher grade ore, with first ore to the Bluebird mill in Q2 FY26, displacing low-grade stockpiles[44] - Westgold plans to expand Beta Hunt to >2Mtpa with infrastructure projects progressing, including clean water supply and primary vent upgrades[50] - The company aims to expand Bluebird-South Junction to 1.2Mtpa and grow the Fletcher Zone[69] Resource & Reserve Updates - The Fletcher Zone Maiden Mineral Resource was reported as 31 million tonnes @ 2.3g/t for 2.3 million ounces of gold at the end of Q4 FY25[56, 85] - At the end of Q1 FY25, the Bluebird-South Junction Mineral Resource was reported as 14.969 million tonnes @ 2.9g/t for 1.37 million ounces of gold[85] - At the end of Q1 FY25, the Starlight Open Pit & Underground Mineral Resource was reported as 12.9 million tonnes @ 2.7g/t for 1.13 million ounces of gold[85]