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Westgold Resources
(Sydney:WGX)
Westgold Resources (WGX) vs. S&P 500 (SPY)
Westgold Resources Business Overview & Revenue Model
Westgold Resources Financial Statement Overview
| Breakdown | ||||
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 716.47M | 654.37M | 647.58M | 571.17M | 492.27M | Gross Profit |
| 199.90M | 21.65M | 25.87M | 114.99M | 28.04M | EBIT |
| 129.44M | 7.93M | 16.49M | 106.44M | 20.68M | EBITDA |
| 279.25M | 170.22M | 34.49M | 252.37M | 184.89M | Net Income Common Stockholders |
| 95.23M | 10.00M | -111.12M | 76.75M | 34.61M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 236.04M | 176.41M | 182.70M | 150.68M | 138.71M | Total Assets |
| 1.05B | 854.94M | 869.41M | 928.24M | 796.18M | Total Debt |
| 54.61M | 27.49M | 42.96M | 45.08M | 37.83M | Net Debt |
| -181.43M | -148.92M | -139.74M | -105.61M | -100.89M | Total Liabilities |
| 360.70M | 256.60M | 281.64M | 320.88M | 274.31M | Stockholders Equity |
| 691.80M | 598.34M | 587.77M | 607.36M | 521.86M |
| Cash Flow | Free Cash Flow | |||
| 78.65M | 8.89M | -26.61M | 20.14M | -22.71M | Operating Cash Flow |
| 351.74M | 168.43M | 179.86M | 249.14M | 155.73M | Investing Cash Flow |
| -265.64M | -158.07M | -201.01M | -213.81M | -122.28M | Financing Cash Flow |
| -26.47M | -16.65M | 53.17M | -22.22M | 36.92M |
Westgold Resources Technical Analysis
Westgold Resources Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $26.49B | 22.43 | 11.01% | 2.69% | 25.11% | 28.88% | |
78 Outperform | $2.90B | 8.19 | 26.42% | 3.19% | 54.37% | 310.22% | |
75 Outperform | $15.66B | 22.65 | 16.97% | 1.63% | 60.56% | 302.20% | |
74 Outperform | $3.36B | ― | -0.38% | ― | 29.83% | 93.23% | |
61 Neutral | $2.40B | 32.12 | 1.93% | 0.88% | 39.13% | -42.09% | |
50 Neutral | $1.98B | -1.06 | -21.29% | 3.61% | 1.95% | -30.61% |
Westgold Resources Earnings Call Summary
Westgold Resources Corporate Events
Westgold Resources Limited has released its unaudited interim financial report for the three and nine months ending March 31, 2025. The report provides insights into the company’s financial performance and operational status, which are crucial for stakeholders to assess the company’s market positioning and future prospects in the gold mining industry.
The most recent analyst rating on (AU:WGX) stock is a Buy with a A$2.80 price target. To see the full list of analyst forecasts on Westgold Resources stock, see the AU:WGX Stock Forecast page.
Westgold Resources, a company in the gold mining industry, has released its management discussion and analysis for the third quarter of fiscal year 2025. The report highlights key growth and corporate achievements, focusing on operational performance, cost management, and exploration activities. The company continues to emphasize its commitment to environmental and social governance, safety, and sustainability. The financial results indicate a stable position with ongoing investments and strategic initiatives aimed at enhancing shareholder value.
The most recent analyst rating on (AU:WGX) stock is a Buy with a A$2.80 price target. To see the full list of analyst forecasts on Westgold Resources stock, see the AU:WGX Stock Forecast page.
Westgold Resources Ltd, a company involved in the mining industry, has announced a change in its substantial holding in New Murchison Gold Limited. The company has increased its voting power through the acquisition of additional shares, which has implications for its influence in the company. This strategic move reflects Westgold’s ongoing efforts to strengthen its position and influence within the industry.
Westgold Resources Limited has released its Q3 FY25 quarterly results, highlighting the company’s current operational performance. The presentation is intended for informational purposes and does not constitute an offer for securities. The document includes disclaimers about the accuracy and completeness of the information and emphasizes that it should not be considered investment advice. The release also contains forward-looking statements, outlining potential risks and uncertainties that could impact future performance.
Westgold Resources Limited reported a record quarterly cash build of $80 million for Q3 FY25, driven by consistent gold production and strategic divestments. The company remains unhedged, providing full exposure to rising gold prices, and is focused on optimizing its operations and expanding its processing capacity to enhance free cash flow and margins into FY26.
Westgold Resources Limited announced significant exploration results for Q3 FY25, with 83km of drilling and $11 million invested in resource development. The company reported promising drilling outcomes at key sites such as Murchison and Southern Goldfields, indicating potential resource growth. The exploration strategy aims to expand existing mines and define new assets, enhancing Westgold’s production capabilities and cost efficiency.
Westgold Resources Limited has announced a Scoping Study for the expansion of its Higginsville Processing Plant from 1.6Mtpa to 2.6Mtpa. This expansion aims to enhance operating margins by reducing processing costs and increasing gold production from 87kozpa to between 122kozpa and 160kozpa. The study indicates a financially compelling project with a mid-point IRR of 37% and a payback period of 2.1 years, largely funded by the sale of the Lakewood Processing Plant. The expansion is expected to bring forward significant cash flow and improve the company’s competitive positioning in the Southern Goldfields.
Mitsubishi UFJ Financial Group, Inc. has ceased to be a substantial holder in Westgold Resources Ltd, following a series of transactions involving the sale and purchase of securities. This change in substantial holding could impact Westgold’s shareholder structure and potentially influence its market dynamics, as the involvement of major financial entities like Mitsubishi UFJ and Morgan Stanley indicates significant interest and activity in the company’s securities.
Westgold Resources Ltd has announced that First Sentier Investors (Australia) IM Ltd has ceased to be a substantial holder in the company as of April 11, 2025. This change in substantial holding may impact the company’s shareholder structure and could influence future voting outcomes and strategic decisions.
Westgold Resources Limited has reported a change in the substantial holding of its voting securities. State Street Corporation and its subsidiaries, including State Street Bank and Trust Company, have adjusted their relevant interests in the company’s shares. This change in voting power reflects the dynamic nature of investment management and securities lending activities, which can impact the control and influence over company decisions. The announcement highlights the ongoing shifts in shareholder composition, which may affect Westgold Resources’ strategic direction and stakeholder interests.
New Murchison Gold Limited has announced that the conditions for its Ore Purchase Agreement with Westgold Resources have been met, allowing the agreement to come into full effect. This milestone supports the development of the high-grade Crown Prince open pit gold project, with key activities such as acquiring an operational base, receiving necessary permits, and ongoing drilling underway. This development is expected to strengthen NMG’s position in the gold mining industry and enhance its relationship with Westgold Resources.
Mitsubishi UFJ Financial Group, Inc. has become a substantial holder in Westgold Resources Ltd, acquiring a significant voting power through its interests in Morgan Stanley and First Sentier Investors Holdings Pty Limited. This development indicates a strategic positioning by Mitsubishi UFJ in the mining sector, potentially influencing Westgold Resources’ future operations and market strategies.
Westgold Resources Ltd has announced that First Sentier Investors Holdings Pty Limited, a subsidiary of Mitsubishi UFJ Financial Group, has become a substantial holder in the company as of March 28, 2025. This development indicates a significant investment interest from First Sentier Investors, which now holds voting power over a considerable number of shares, potentially influencing the company’s strategic decisions and market position.
Mitsubishi UFJ Financial Group, Inc. has ceased to be a substantial holder in Westgold Resources Ltd, as indicated in a recent notice. This change involves the sale and purchase of various securities by entities controlled by First Sentier Investors Holdings Pty Ltd and Morgan Stanley, affecting the voting rights and ownership structure within the company.
Westgold Resources Limited has completed the sale of its non-core Lakewood Milling Operation to Black Cat Syndicate Limited for $85 million. This divestment aligns with Westgold’s strategy to focus on larger, lower-cost operations, reducing its cost base and simplifying its Southern Goldfields business. The company retains priority access to process ore at Lakewood for two years, and plans to direct Beta Hunt ore to its Higginsville operation, optimizing processing and lowering costs.
Westgold Resources Limited has announced changes to its reporting structure, discontinuing separate quarterly production and cash position updates to provide simultaneous production and cost results. Additionally, exploration results will be communicated through a dedicated quarterly release. The company maintains its FY25 guidance, with specific production and cost targets for the second half of the fiscal year.
Westgold Resources has announced a change in its substantial holding status, indicating that First Sentier Investors and its associates have ceased to be substantial holders as of March 27, 2025. This change in holding could impact Westgold Resources’ shareholder structure and influence its market dynamics, potentially affecting investor relations and strategic decisions.
Westgold Resources Limited has announced that Mitsubishi UFJ Financial Group, Inc. has become a substantial holder in the company, acquiring a 5.56% voting power through fully paid ordinary shares. This development indicates a significant investment by Mitsubishi UFJ Financial Group, Inc., potentially impacting Westgold’s market position and signaling confidence in its future prospects.
Westgold Resources Limited has released an investor presentation dated March 31, 2025, which provides a summary of the company’s activities and market positioning. The presentation emphasizes that it is not an offer or solicitation for investment but rather informational, highlighting the company’s current operations and market conditions. The document includes disclaimers about the accuracy and completeness of the information presented and notes that it contains forward-looking statements subject to various risks and uncertainties. This release is intended for informational purposes and should be considered alongside Westgold’s other public disclosures.
Westgold Resources has announced a substantial holding notice, indicating that Mitsubishi UFJ Financial Group (MUFG) indirectly holds a significant interest in Westgold through its subsidiary, First Sentier Investors Holdings Pty Limited. This development reflects MUFG’s strategic positioning in the mining sector, potentially impacting Westgold’s shareholder dynamics and market influence.
Van Eck Associates Corporation, a substantial holder in Westgold Resources Limited, has reduced its voting power from 9.21% to 8.04%, as indicated in the latest change of interest notice. This adjustment in shareholding could impact the company’s shareholder dynamics and influence its strategic decisions, reflecting a shift in investment strategy by a major stakeholder.
Westgold Resources Limited has announced a change in the interests of a substantial holder, State Street Bank and Trust Company, which now holds a significant number of voting securities in the company. This change in holdings indicates a shift in the control dynamics of the company’s voting power, potentially impacting its governance and decision-making processes.
Westgold Resources Limited announced a change in the director’s interest as Hon. Cheryl Edwardes AO acquired an additional 11,891 fully paid ordinary shares through an on-market trade, increasing her total holdings to 18,013 shares. This acquisition reflects a strategic move within the company, potentially indicating confidence in its future performance and stability, which may influence stakeholder perceptions positively.
Westgold Resources Limited has announced the sale of its non-core Lakewood Milling Operation to Black Cat Syndicate Limited for $85 million. This transaction, which includes $70 million in cash and $15 million in scrip, allows Westgold to consolidate its processing capacity and focus on expanding its Beta Hunt mine and Higginsville mill. The divestment is part of Westgold’s strategy to enhance operational efficiency and lower costs, with the expansion study results expected in March 2025.
Black Cat Syndicate Limited has entered into a binding agreement to acquire the Lakewood processing facility from Westgold Resources Limited for $85 million. This acquisition will enable Black Cat to increase its gold production capacity by 50% and accelerate its production plans by approximately 15 months, leveraging the high gold price environment. The facility’s proximity to Kalgoorlie provides access to an experienced workforce and local suppliers, reducing risks associated with new construction. The acquisition also opens opportunities for processing third-party ore and consolidating stranded assets, enhancing Black Cat’s position as a significant gold producer in Western Australia.
Westgold Resources Limited is addressing speculation regarding the potential divestment of its non-core assets, in line with its strategic portfolio review. The company is considering selling the Lakewood processing facility to focus on expanding larger, cost-effective operations, which may enhance operational efficiency and cash flow. As the review is ongoing, Westgold commits to informing the market about any definitive agreements reached.