Westgold's Output to Rise, but not as High as Consensus Forecasts
Dow Jones
Sep 07
2217 GMT - Westgold Resources is poised to provide a new outlook this week, prompting Ord Minnett to consider what it might look like. Analyst Paul Kaner expects FY27 output of 405,000 oz of gold at an all-in sustaining cost of A$2,957/oz. "Thereafter, we see production growing to 484,000 oz by FY29 (consensus 508,000 oz) driven by Bluebird and the expansion of the Northern Ops milling infrastructure," Ord Minnett says. It expects growth capital of some A$720 million over the three years through FY29. That reflects spending on the mill expansion at the Meekatharra/Cue hubs offsetting the deferral of Higginsville capital as the company contemplates a 4 million tons/year expansion using ore from the Fletcher deposit. Ord Minnett retains a buy call on Westgold, which ended last week at A$6.48.
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