07:08 AM EDT, 10/01/2025 (MT Newswires) -- Westgold Resources ( WGXRF ) , shy of 52-week highs, late Tuesday provided a three-year outlook that involves boosting annual gold production from 326,000 ounces to 470,000 ounces starting in fiscal year 2028 and lowers all-in sustaining cost from fiscal 2027.

The outlook is underpinned by the company's current portfolio of operating assets. It is predicated upon 2025 ore reserves of 56 million tonnes at 1.93 grams per tonne gold for 3.7 million ounces of gold; existing four processing hubs and about 6 million tonnes per annum of processing capacity; and increasing mine outputs and milled feed grades to enhance operating margins.

More than 80% of material to be mined in the three-year outlook is from current ore reserves. The outlook sees gold production rise to 470,000 ounces per year starting in fiscal year 2028.

Westgold said its balance sheet and forecast cash flow fully funds the three-year outlook growth capital and exploration expenditure.

Among opportunities being actively developed but not included in the outlook, the Fletcher Zone at Beta Hunt is emerging with resource definition drilling underway. These also include a further expansion of the Higginsville Hub to 4 million tonnes per annum and the development at the Polar Star lodes at Bluebird-South Junction.