FINWIRES · TerminalLIVE
FINWIRES

Westgold Resources Posts Higher Fiscal Q3 Group Gold Production, Lower Sales

By

-- Westgold Resources (ASX:WGX) reported group gold production of 93,145 ounces of gold and sold 69,900 ounces of gold in the fiscal third quarter ended March 31, according to a Wednesday Australian bourse filing.

The company produced 80,107 ounces of gold and sold 78,398 ounces of gold for the quarter ended March 31, 2025, an earlier filing showed.

Group all-in sustaining cost (AISC) for the quarter was AU$3,338 per ounce, compared with AU$2,829 per ounce a year earlier.

The company reaffirmed its fiscal 2026 guidance in the range of 345,000 to 385,000 ounces of gold at an AISC of AU$2,600 to AU$2,900 per ounce.

Related Articles

Asia

Syrah Resources Production at Mozambique Graphite Operation Reaches 23.500 Tonnes

Syrah Resources (ASX:SYR) delivered total graphite production of 23,500 tonnes for the March quarter from its Balama graphite operation in Mozambique, according to a Wednesday Australian bourse filing.There was no production at Balama due to protests impeding operations in the year-ago quarter, per a separate filing.Natural graphite sales to external customers were 20,000 tonnes for the quarter, and it completed a large volume breakbulk shipment to Indonesia during the quarter.It noted supply chain risks to Balama, particularly for imported consumables such as diesel, created by the conflict in the Middle East. It is engaged with suppliers and is focused on optimizing the use of its solar and battery system at Balama to manage its exposure to any temporary diesel supply risks.

$ASX:SYR
Asia

ASX Preview: Australian Shares Set to Fall as United Arab Emirates Quits OPEC; Woodside Energy Group Posts Lower Q1 Revenue, Production

Australian shares are poised to fall on Wednesday after the United Arab Emirates said it would quit Organization of the Petroleum Exporting Countries (OPEC), rattling global oil markets amid an escalating Iran war and raising questions over future supply stability in the energy sector.Overnight, the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average fell 0.5%, 0.9%, and 0.1%, respectively.In the macroeconomy, Australia's consumer price index report is due at 11:30 am Sydney time.In corporate news, Woodside Energy Group (ASX:WDS) reported a decline in operating revenue to $3.26 billion in the March quarter from $3.32 billion a year earlier, while total production also fell year on year to 45.2 million barrels of oil equivalent (MMBoe) from 49.1 MMBoe.Westgold Resources (ASX:WGX) reported group gold production of 93,145 ounces of gold and sold 69,900 ounces of gold in the fiscal third quarter ended March 31.Australia's benchmark index fell 0.6% or 55.7 points to close at 8,710.70 on Tuesday.

$^AXJO$ASX:WDS$ASX:WGX
Asia

Suncorp Group Launches Offer for Additional Tier 1 Capital Notes

Suncorp Group (ASX:SUN) launched an offer for Australian dollar-denominated perpetual, convertible notes to fund additional Tier 1 capital within the group, according to a Wednesday filing with the Australian bourse.The unsecured, subordinated notes will be offered to institutional and wholesale investors at a face value of AU$10,000 per note, with a potential minimum subscription amount of AU$500,000, per the filing.The notes are expected to be priced on Wednesday.

$ASX:SUN