07:12 AM EDT, 07/23/2025 (MT Newswires) -- Westgold Resources ( WGXRF ) late on Tuesday reported a surge in fiscal fourth-quarter net mine cashflow on higher gold prices.

Net mine cashflow was A$171 million, up from A$5 million. The achieved gold price was A$5,174/ounce, an increase from A$3,493/ounce.

The company produced 88,022 ounces of gold, up from 52,795 ounces. Sales came in at 71,500 ounces, rising from 58,575 ounces.

Westgold also reported fiscal fourth-quarter exploration results from its Murchison and Southern Goldfields operations.

At Murchison, highlights of drilling results from the Starlight mine, from both the Nightfall and Starlight lodes, include 10 meters at 26 grams per tonne gold from 149 meters and 4.4 meters at 264 g/t gold from 111 meters.

From the emerging Polar Star lode at the Bluebird-South Junction mine, highlights include 3 meters at 157 g/t gold from 270 meters.

Drilling at the Great Fingall mine shows the potential of the Golden Crown and Great Fingall Reefs along with newer discoveries such as Sovereign. Highlights include 7.2 meters at 12 g/t gold from 312 meters and 16 meters at 12 g/t gold from 264 meters.

At Southern Goldfields, the maiden mineral resource estimate for Fletcher zone Stage 1 at Beta Hunt exceeded expectations, delivering 2.3 million ounces from 1 kilometer of the known 2-kilometer strike.

Drilling within the Western Flanks zone at Beta Hunt reinforces Westwood's view of the upside across the gold system. Highlights include 8 meters at 102 g/t gold from 8 meters and 6.9 meters at 372 g/t gold from 8 meters.