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Highlights
- Westgold is progressing steadily to achieve its full-year production guidance.
- The company has reported 25,100oz of gold production in May 2022.
- Shares of Westgold gained on the ASX post this announcement.
The shares of Westgold Resources Limited (ASX:WGX) were spotted trading 5.579% higher at AU$1.230 per share at 10:54 AM AEST on the ASX today (14 June). The ASX-listed gold miner reported a record gold production in the month of May.
The share price of Westgold has fallen over 44% on the ASX over the past 12 months. On the other hand, Westgold’s year-to-date share price also fell over 37% (as of 10:54 AM AEST on the ASX today, 14 June).
Image Source © 2022 Kalkine Media ®
Details of Westgold’s gold production in May 2022:
Westgold has shared its May 2022 gold production details from both of its Bryah and Murchison operations.
The company has delivered 25,100oz of gold in May 2022 after delivering approximately 24,000 oz in April. Westgold has set a new record of gold production in May 2022 from its Bryah and Murchison assets.
Furthermore, Westgold informed that its Big Bell mine production was lifted to 95,000tpm for two consecutive months (April and May) after reaching a steady operation state last quarter.
As a result, the ASX-listed gold miner remains steady on its track with its full-year production guidance and cost guidance of 270koz at an all-in sustaining cost of AU$1500 to AU$1700 per oz after three consistent quarters.
Image source: © Scanrail | Megapixl.com
What did the management say?
Wayne Bramwell, Managing Director of Westgold, believes that the Westgold team has risen again to the challenge and delivered exceptional results in May 2022. Furthermore, Westgold’s Big Bell productions also continued to go up for the past two consecutive months. The company so far remains on its track with its full-year production and cost guidance after delivering strong outputs from the Bryah and Murchison mines.
About Westgold:
Westgold Resources Limited is an ASX-listed gold miner with a market capitalisation of AU$551.62 million. Founded in the year 1987, Westgold believes in developing high-quality and long-life projects.
The company is primarily involved in commissioning, developing, and operating four different production facilities in Western Australia. Murchison Gold Operations, Higginsville Gold Operations, Fortnum Gold Project, and Cue Gold Operations are the four production facilities that are operated by Westgold.
