11:45 AM EDT, 10/28/2025 (MT Newswires) -- (Updates shares.)

Westgold Resources ( WGXRF ) Tuesday reported a year-over-year increase in gold production at a higher all-in sustaining cost in its fiscal first quarter.

The company produced 83,937 ounces of gold in the quarter ended Sept.30, up from 77,369 ounces a year ago. All-in sustaining cost also increased to A$2,861 per ounce from A$2,422 per ounce.

The Murchison contributed 53,140 ounces and the Southern Goldfields contributed 30,797 ounces to quarterly production.

The company sold 94,913 ounces of gold for A$5,296 per ounce, a jump from 72,202 ounces of gold for A$3,723 per ounce a year ago.

Westgold maintained its production and cost guidance for fiscal year 2026 of 345,000-385,000 ounces at A$2,600-A$2,900 per ounce.

The company closed the September quarter with cash, bullion and liquid investments of $472 million, representing a build of $108 million. The increase was attributed to consistent gold production and an increase in realized gold price to $5,296 per ounce.

Westgold shares were last seen down $0.10 to C$4.39 on the Toronto Stock Exchange.

Price: 4.39, Change: -0.10, Percent Change: -2.23