WestGold Nosedives Amid Lower Output; However, MGO Production Returns to Expected Level

  • Oct 24, 2019 AEDT
  • Team Kalkine

WestGold Resources Limited (ASX: WGX) gold output for the September 2019 quarter stood at 57,472 ounces at a C1 or a cash cost of $1,173 per ounce and an all-in sustaining cost (AISC) of $1,410 per ounce.

  • The gold output for the group remained 9 per cent outside the physical guidance; however, surpassed the fiscal (range midpoint) by 7 per cent for cash cost and 2 per cent for AISC.
  • The Meekatharra Gold Operations (or MGO) production returned to the expected level of the company amid commencing of a secondary crusher which increased the plant throughput and recovery of underground head grades from the dilution impacts experienced by the WGX in the previous quarter.
  • The gold operation generated a Mine operating cash flow of $25.3 million, and the realised price for the quarter stood at $1,959 per ounce.

The stock tumbled on ASX to trade at $2.025 (1:25 PM AEST), down 1.22 per cent from its previous close.


All pictures are copyright to their respective owner(s).Kalkinemedia.com does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.


There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK