Westgold Resources (ASX:WGX) reported gold production of 80,886 ounces in the second quarter of fiscal 2025, up from the 77,369 ounces in the first quarter, according to a Thursday filing with the Australian bourse.
Total production for the first half of the fiscal year clocked in at 158,255 ounces of gold.
The firm had AU$402 million of financial liquidity on hand as of Dec. 31, 2024, including its cash, bullion, and liquid investments of AU$152 million, together with AU$250 million undrawn from its AU$300 million corporate facility, the filing showed.
Infrastructure upgrades at the company's Western Australia Beta Hunt mine, critical to increasing mine outputs, are due for completion at the end of the third fiscal quarter, per the filing.
The firm said that the first ore production at its Great Fingall mine, also in Western Australia, is expected in the fourth quarter of the fiscal year.
Westgold's shares fell almost 8% in early trade Thursday.
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