Westgold Resources (ASX:WGX) has released its performance figures for the second quarter of FY25, showing a new record for gold production.
The company produced 80,886 ounces of gold during the quarter, with an all-in sustaining cost of $2,703 per ounce.
In exploration and resource development, the company is operating seventeen drill rigs across its portfolio, with resource growth reported at the Bluebird-South Junction and Starlight mineral resource.
The development supports the company's future expansion plans, as highlighted by drill results in the Murchison and Southern Goldfields regions.
On the corporate front, Westgold signed an ore purchase agreement with New Murchison Gold.
The company also strengthened its balance sheet with an additional $200 million corporate facility, increasing total available facilities to $300 million.
The second quarter also saw Westgold improve workplace safety, with a total recordable injury frequency rate of 6.85, representing a 7% improvement.
"These results reflect our strategy to enhance free cash flow and invest in critical infrastructure, particularly at Beta Hunt and Bluebird-South Junction," stated Westgold Managing Director and CEO Wayne Bramwell.
Westgold Resources is a mid-tier gold producer and international gold company engaged in the exploration, development and operation of gold mines, primarily in Western Australia.