Overview of Westgold Resources' FY25 production guidance

Westgold Resources Limited (ASX:WGX) has announced an increase in its FY25 production guidance to 400,000-420,000 ounces of gold, up from 220,000-235,000 ounces in FY24. The company also expects a reduction in FY25 all-in sustaining cost (AISC) guidance to A$2,000-2,300 per ounce from A$2,100-2,300 per ounce in FY24. The increased production is attributed to the enhanced output from Beta Hunt, Bluebird South Junction, and Great Fingall projects, along with the integration and optimization of Southern Goldfields assets and the expansion of Murchison operating assets.

Executive commentary on FY25 production guidance

FY25 marks a significant milestone for Westgold as it anticipates a substantial increase in scale of operation. The company's focus in the first half of FY25 will be on integrating and optimizing the Southern Goldfields assets, with Beta Hunt expected to deliver increased output in the second half. Additionally, the Murchison production is projected to increase in the latter half of the year as Bluebird-South Junction's run rate hits 1.2Mtpa and the Great Fingall mine comes online in Q3/Q4. This growth capital into the company's largest and highest-grade mines aims to establish a business capable of delivering significantly higher outputs in FY26. The substantial exploration investment in FY25 is expected to extend the lives of these mines, reinforcing Westgold's position as a sustainable Australian gold company with a promising pipeline of internal growth opportunities.

Summary of FY25 production guidance and outlook

Westgold Resources Limited (ASX:WGX) has raised its FY25 production guidance to 400,000-420,000 ounces of gold, reflecting a substantial increase from the previous financial year. The company also anticipates a reduction in FY25 all-in sustaining cost (AISC) guidance, signaling improved cost efficiency. The increased production is attributed to the enhanced output from Beta Hunt, Bluebird South Junction, and Great Fingall projects, along with the integration and optimization of Southern Goldfields assets and the expansion of Murchison operating assets. Westgold's strategic focus on growth capital and exploration investment in FY25 aims to establish a business capable of delivering significantly higher outputs in FY26. The company's ambitions to build a long-term, sustainable Australian gold company with a promising pipeline of internal growth opportunities position FY25 as a pivotal year in establishing its future.