Westgold Resources (WGX) Q4 2026 earnings summary

Executive summary

• FY26 gold production reached 387,354oz, exceeding guidance, with Q4 output at 98,854oz and record annual production at Meekatharra and Fortnum Hubs.

• Q4 underlying cash build was $233M, closing FY26 with $939M in cash, bullion, and liquid investments, up $575M year-over-year.

• The company remains debt free, fully unhedged, and completed divestments of non-core assets, simplifying its portfolio.

• Share buybacks totaled $27M for FY26, with further capital returns and dividend updates expected in August.

Financial highlights

• Q4 revenue was $705M from 110,345oz gold sold at an average price of $6,391/oz.

• Q4 AISC was $2,802/oz, down from $2,931/oz in Q3; FY26 AISC was $2,841/oz, within guidance.

• Q4 mine operating cashflow reached $313M, with net mine cashflow at $159M.

• FY26 net mine cashflow totaled $811M, with group AISC margin at $3,589/oz in Q4.

Outlook and guidance

• FY27 guidance, updated 3-year outlook, and dividend update to be released in August 2026.

• Cost control, mill feed grade improvement, and productivity gains are key focus areas for FY27 to offset sector cost inflation.

• Exploration investment is set to increase in FY27 to support organic growth.