Westgold Resources Rallies on Strong Gold Production Forecast

Highlights:

• Westgold Resources Limited (ASX: WGX) surged 5.4% after forecasting FY25 gold production between 345,000 and 385,000 ounces.
• The company expects stronger free cash flow as mine and mill upgrades improve operational efficiency.
• At the time of writing, shares were trading at $2.89, up 4.71%, making Westgold one of the top ASX performers.

Higher Output and Cash Flow Expectations Drive Shares Up

Shares of Westgold Resources Limited (ASX: WGX) jumped 5.4% after the gold miner revealed an

optimistic production outlook for the 2025 financial year. At the time of writing, Westgold’s stock was trading at $2.89, up 13 cents, or 4.71%, reflecting strong investor confidence in the company’s strategic upgrades.

Production to Climb Amid Operational Enhancements

Westgold now expects to produce between 345,000 and 385,000 ounces of gold in FY25. This marks a

significant improvement, supported by ongoing upgrades across its mining and processing operations. The company believes these enhancements will lead to higher output and lower operational costs, strengthening its bottom line. Additionally, Westgold anticipates stronger free cash flow for the year, signalling better capital discipline and improved profitability. The miner has been focused on boosting efficiency and maximising value from its Western Australian gold assets, which are now beginning to deliver tangible returns.

Market Applauds Strategic Momentum

Investors welcomed the revised guidance, viewing it as a sign of operational stability and growth potential. The positive forecast follows a series of infrastructure improvements aimed at unlocking greater production capacity and enhancing cost performance across Westgold’s portfolio.

With gold prices remaining resilient and the company’s upgrades coming into effect, analysts suggest Westgold is well-positioned to capitalise on market conditions.

Outlook Remains Bright

As mine and mill improvements take hold, Westgold’s trajectory appears to be on an upward path. The company’s proactive approach to enhancing its operations is expected to continue supporting share price momentum in the months ahead.

At the time of writing, Westgold Resources Limited (ASX: WGX) remains one of the top performers on the ASX, driven by its strategic clarity and robust production outlook.

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