06:33 AM EDT, 10/15/2024 (MT Newswires) -- Westgold Resources ( WGXRF ) over the holiday weekend reported fiscal first-quarter 2025 production of 77,369 ounces of gold, a new record post-merger with Karora Resources, and an average sale price of $3,723 per ounce.

Westgold completed its merger with Karora on Aug. 1. The production result is based on three months of production from the Murchison operations but only two months of production from the Southern Goldfields operations.

Including the pre-merger July output from the Southern Goldfields, gold production would have been 91,357 ounces, the company said.

As of Sept. 30, Westgold's cash, bullion and liquid investments amounted to $103.2 million. An additional $100 million is available in the company's undrawn revolving corporate facility.

Westgold said it is on track to meet its full-year production guidance.

Separately, the company said it has appointed Aaron Rankine as chief operating officer, effective Jan. 20, 2025.

The company promoted the acting COO, Jacob Mesiha, to the newly created role of general manager of projects and operational readiness, overseeing the delivery of all major mine development, expansion and capital projects.