Westgold Resources (ASX:WGX) said that its strategy is focused on larger, lower cost gold mines and mills to enhance profitability, according to a Monday Australian bourse filing.
The company is currently optimizing its portfolio, per the filing. It is studying the opportunity to expand the Fortnum mill in Western Australia to support open pit mining.
It is also expanding the Bluebird gold mine in Western Australia to match the mine output to mill capacity, reducing the trucking of low-grade gold ore from the Cue project.
It noted that ramp-up delays impacted outputs in the second quarter of fiscal 2025.
It is also investing AU$50 million in drilling activities as it seeks to increase mine life.
The company's shares lost about 1% in recent Monday trade.
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