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Testing & tagging in mining Truflo Pumping Systems – Dependable mine dewatering systems Fuelling success with Body Armour McLanahan – Maximum production, unwavering support Flexible online and face to face training with experienced accredited provider Machining and fabrication service since 1980s Optimising mining operations with integrated IT/OT solutions Lighten the load — literally and safely Half-year results glitter for Westgold Miller Made for the Mine Site Broons: the crushing and compaction specialist Welding Industries Australia – Miller – Made for the mine site Fortescue swoops up Red Hawk Growing critical minerals processing power in WA Atlas achieves first production Custom Buckles Australia Crusher Screen Sales & Hire DTN – Lean on us – Gain trusted weather insights and intelligence AUSTLIFT® – Chain Block Series Aussie Pumps – Aussie Extreme Crusader Hose – Experience the innovation in action UQ Start-UP Unlocks Copper Mining matters 100 years strong at Ulan Coal Dartbrook hits the bullseye Aurelia Metals ascends to the peak BHP Yandi – Leading the way in electrification Innovation and safety go green NSR Indigenous: Empowering Australia’s mining industry Innovation and its role in improving ESG outcomes Brooks brings in the big guns Collaborative approach to mining research bears fruit Flood rescue: Aussie gears up New Acland thrives in 2025 Tanami: Newmont’s Tier 1 titan Innovation in the Isaac Region BHP builds up for big finish in FY25 South32’s Worsley receives key approval Pilbara Minerals acquires Latin Resources Australia pours $1b into green iron Engineering mining’s future

Half-year results glitter for Westgold

The Karora investment brought five months of production contribution from the Southern Goldfields.
The Karora investment brought five months of production contribution from the Southern Goldfields.

Westgold (ASX: WGX) is positioning itself as an Australian gold titan, with promising half-year results including gold production of 158,255oz with all-in sustaining costs of $2,562poz.

These results follow the company’s merger with Karora and subsequent inclusion in the ASX200 and dual listing on the ASX and TSX.

Westgold says its 29.4% increase in gold production from H1FY24 was a result of the Karora acquisition. Combined with higher achieved gold prices, this increased production contributed to a record half year revenue of $624m.

Westgold managing director and chief executive Wayne Bramwell says the post-merger results solidify the company’s position as one of Australia’s top five gold mining companies.

“This half-year was a period of consolidation and strategic investment, with a focus on critical mine infrastructure and resource drilling, paving the way for long-term success,” he said.

“The next half is where this capital begins to generate a return and we start to see production growth and increased cash generation.”

Westgold’s operations delivered $125m of operating cashflows inclusive of one-off $39m in operating cash used for change of control payments and acquisition related charges for Karora.

Excluding acquisition-related payments, Westgold generated $165m from its operations.

FY25 represents a critical year for investment into Westgold’s assets as the company invested $257m in acquisitions, mine development, property, plant, equipment and exploration, representing a 150% growth in investing activity compared to H1FY24.

The company hopes to build a robust asset base that can deliver consistent production, ensuring long-term sustainability and profitability with this investment.