Westgold Resources (ASX:WGX) has reported record financial and operational results for Q2 FY26, ended Dec. 31, 2025, with underlying cash build doubling to a record $365 million.
The company achieved gold production of 111,418 ounces, up from 83,937 ounces in Q1 FY26, driven by higher grades at its Murchison operations and additional third-party ore purchases under its ore purchase agreement with New Murchison Gold.
The OPA contributed 22,317 ounces and enhanced milling throughput at the Meekatharra hub, supporting accelerated cash generation.
Strong operational performance, coupled with a record realised gold price of $6,356 per ounce, helped Westgold close the quarter with total cash, bullion, and liquid investments of $654 million.
Managing Director and CEO Wayne Bramwell highlighted deliberate operational choices to maximise value, including processing higher volumes of softer, higher-grade oxide ore, which lifted costs but strengthened cash flow.
Quarter-on-quarter all-in sustaining costs rose to $3,500/oz, reflecting OPA purchases and gold price-linked royalties, while excluding OPA costs AISC was $2,645/oz.
Growth capital expenditure totalled $48 million, focused on key projects at Bluebird–South Junction and Great Fingall, alongside exploration and development across the Murchison and Southern Goldfields.