ASX:WGX - Gold producer
Westgold Resources (ASX:WGX)
Murchison (Bluebird, Big Bell, Fortnum), Southern Goldfields (Beta Hunt) - WA Murchison, Kambalda
as of 13 Nov 2026, 4:10 pm
WGX share price - with every decoded announcement marked
About Westgold Resources
A WA gold producer with underground mines and mills across the Murchison and, since merging with Karora Resources, the Beta Hunt mine at Kambalda.
- ASX code
- WGX
- Commodity
- Gold
- Stage
- Producer
- Projects
- Murchison (Bluebird, Big Bell, Fortnum), Southern Goldfields (Beta Hunt)
- Where
- WA Murchison, Kambalda
Decoded
WGX announcements, analysed
Westgold Sept quarter: 98,393oz gold at A$2,912/oz AISC; Treasury up A$101M to A$1,040M
ASX: "September 2026 Quarterly Results"
Westgold produced 98,393oz of gold in the September 2026 quarter at an AISC of A$2,912/oz, flat on the June quarter and on track for FY27 guidance of 385-425koz. Cash, bullion and liquid investments rose A$101M to A$1,040M with...
Beta Hunt hits 2Mtpa annualised rate in September; main ventilation fans not fully commissioned
ASX: "Beta Hunt Infrastructure Investment Enables 2Mtpa Run Rate"
Westgold says Beta Hunt's infrastructure upgrades, including a temporary ventilation system, supported an annualised mining rate of 2.0Mtpa in September 2026, and it targets sustained 2Mtpa from October to December 2026. The main...
Westgold FY27 guidance 385-425koz at A$2,980-3,380/oz; FY29 outlook 460-510koz excludes Fletcher
ASX: "FY27 Guidance and Three-Year Outlook"
Westgold has set FY27 gold guidance of 385-425koz at an AISC of A$2,980-3,380/oz, and an outlook of 460-510koz by FY29 with AISC falling to A$2,640-3,000/oz. The outlook excludes the Fletcher Zone at Beta Hunt and is built mainly...
Westgold declares 10cps FY26 dividend (about $95M) and up to $50M FY27 buy-back; minimum returns 3cps
ASX: "Westgold Delivers $122M in FY26 Shareholder Capital Returns"
Westgold has declared a 10cps fully franked FY26 final dividend, about $95M, payable 8 October 2026. With about $27M of on-market buy-backs, FY26 capital returns total about $122M. The Board also adopted a FY27 policy targeting...
Westgold FY26: record 387,354oz gold, $2,441M revenue, $939M Treasury and 10c final dividend
ASX: "FY26 Financial Results Summary"
Westgold reported record FY26 gold output of 387,354oz, revenue of $2,441M and underlying NPAT of $480M, with operating cash flow of $964M. It ended the year with a $939M Treasury balance, no debt and a 10 cent fully franked...
FY26 accounts: record 387,354oz gold, A$443m profit after tax and a 10c final dividend
ASX: "Appendix 4E & 30 June 2026 Annual Financial & Climate Report"
Westgold's FY26 accounts show record gold output of 387,354oz at an all-in sustaining cost of A$2,841/oz, above the top of production guidance and at the upper end of cost guidance. Statutory profit after tax was A$443m (A$35m in...
Westgold scopes Meekatharra expansion to 2.9Mtpa for about $100M; feasibility work next
ASX: "2.9Mtpa Meekatharra Expansion Plan"
Westgold's scoping study outlines lifting Meekatharra processing from 1.8Mtpa to 2.9Mtpa using existing plant and long-lead equipment already bought, adding about 47koz of gold a year at mid-point. Capital is $65M-$100M at plus...
Westgold Ore Reserve up 41% to 4.1Moz at 2.22g/t; Mineral Resource 14.4Moz, up 8% post divestments
ASX: "2026 Mineral Resource Estimate and Ore Reserves"
Westgold's annual update puts gold Ore Reserves at 57Mt at 2.22g/t for 4.1Moz, up 41% after depletion and divestments. The Mineral Resource is 194Mt at 2.30g/t for 14.4Moz, up 8% after adjusting for divestments. Much of the...
Earlier
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- News
Money
Cash, burn and dilution
Price reactions
How WGX moved after its news
Day-1 move after each decoded announcement, from the last close before the market could trade on it.
Average day-1 move by type
Historical pattern
What happened after news like WGX's latest
Based on Westgold Sept quarter: 98,393oz gold at A$2,912/oz AISC; Treasury up A$101M to A$1,040M (21 Oct 2026): what share prices did after past results like it, from DrillScore's own records. It describes the past: it isn't a forecast for WGX and it isn't advice.
After 41 other announcements read as 'positive', stocks moved +1.8% by day 1, +2.2% by day 5 and +1.0% by day 20 against the XGD on average.
- Day 1
- +1.8%
- Day 5
- +2.2%
- Day 20
- +1.0%
After its earlier announcements, WGX moved +0.6% by day 1, +0.8% by day 5 and -6.4% by day 20 against the XGD on average.
- Day 1
- +0.6%
- Day 5
- +0.8%
- Day 20
- -6.4%
Over the last 20 trading days the XGD gold index moved +0.1% (steady). After 14 past gold announcements released into a steady gold index, stocks moved +1.0% by day 1, -1.2% by day 5 and +13.7% by day 20 on average - before taking the market's own move out.
- Day 1
- +1.0%
- Day 5
- -1.2%
- Day 20
- +13.7%
A strand leans up or down when its day-5 average is 1% or more either way. Each is shown on its own and never added up into a prediction: small samples swing, and every result is different. The full backtest - how it's worked out
Disclosure
Red flags and notes
The 15% reserve grade rise and the Mineral Resource grade rise from 2.18g/t to 2.30g/t compare against FY25 figures as reported, before divestments. Figure 1 shows the FY25 post-divestment resource grade at 2.30g/t, so the like-for-like Mineral Resource grade is flat. The release adjusts the ounces for divestments but not the grade comparison.
WGX: 2026 Mineral Resource Estimate and Ore Reserves - 20 Aug 2026Ore Reserves use a maximum gold price of $4,800/oz without stating whether it is US$ or A$, and Mine Revenue uses $5,500/oz. Without the currency and a sensitivity, a reader cannot judge how much of the reserve depends on price.
WGX: 2026 Mineral Resource Estimate and Ore Reserves - 20 Aug 2026The $27/oz figure is company-derived from about $42M of expenditure over approximately 1.5Moz, and that arithmetic gives about $28/oz. Figure 14 shows 1,546koz of additions, which gives about $27/oz. The release does not show the expenditure reconciliation, and its comparison with the cost of acquiring reserve ounces is not supported by data.
WGX: 2026 Mineral Resource Estimate and Ore Reserves - 20 Aug 2026The maiden 1.1Moz Fletcher Ore Reserve was announced on 18 August 2026 and is included in the 41% growth without separating it. The release cross-references that announcement in footnote 3.
WGX: 2026 Mineral Resource Estimate and Ore Reserves - 20 Aug 2026The release says the reserve is economically robust across a reasonable range of inputs but gives no NPV, IRR, capital cost, operating cost or quantified sensitivity results.
WGX: 1.1Moz Maiden Fletcher Ore Reserve - 18 Aug 2026Westgold says deferring the approved 2.6Mtpa Higginsville stage may extend time at 1.6Mtpa but is not expected to materially affect the Group production outlook, with no figures given and the 4Mtpa timing undefined.
WGX: 1.1Moz Maiden Fletcher Ore Reserve - 18 Aug 2026The reserve uses A$5,500/oz while broader Westgold reserve work uses A$4,800/oz long term; the release does not explain how the two are reconciled.
WGX: 1.1Moz Maiden Fletcher Ore Reserve - 18 Aug 2026The Deswik optimisation used a field named gc_au, which the release does not explain as either the Mineral Resource grade or a grade control dataset.
WGX: 1.1Moz Maiden Fletcher Ore Reserve - 18 Aug 2026Investors
Experiences with WGX
Questions
WGX in brief
What does Westgold Resources mine?
A WA gold producer with underground mines and mills across the Murchison and, since merging with Karora Resources, the Beta Hunt mine at Kambalda.
What was WGX's latest price-sensitive announcement?
On 21 Oct 2026 WGX released "September 2026 Quarterly Results". In plain English: Westgold Sept quarter: 98,393oz gold at A$2,912/oz AISC; Treasury up A$101M to A$1,040M. It had no new drill results, so no DrillScore; DrillScore read its signal as positive. Read the full analysis.
How much cash does WGX have?
WGX reported $730m in cash at 30 September 2026.
How does WGX's share price react to announcements?
Across 10 decoded price-sensitive announcements, WGX's average day-1 move was +2.2%, rising 8 times and falling 1 times. Past reactions don't predict future ones.
Is WGX a gold or a copper stock?
Westgold Resources is a gold producer with operations in WA Murchison, Kambalda. See all ASX gold stocks.
Where can I read WGX's announcements?
Every price-sensitive WGX announcement is decoded on this page within minutes of release, with a link to the original document. DrillScore's analysis is general information, not advice.
General information only - not financial advice. DrillScore's analyses are produced automatically by an AI model (Claude, by Anthropic) from the company's own ASX announcement and public market data, and scored by a fixed formula (how it works). They can be wrong or incomplete, don't consider your objectives or circumstances, and are not a recommendation to buy, sell or hold anything. Always read the original announcement and consider advice from a licensed adviser.
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