Westgold Resources Swings to Fiscal Q2 Loss Despite Rise in Revenue

MT Newswires Live

Feb 14, 2025

Westgold Resources (ASX:WGX) reported Friday a loss per diluted share of AU$0.0515 for the fiscal second quarter, compared with earnings per diluted share of AU$0.0461 a year earlier.

Revenue for the three months ended Dec. 31, 2024, was AU$354.1 million, up from AU$182.9 million a year earlier. Analysts polled by Visible Alpha expected AU$349.6 million.

The mining company produced 80,886 ounces of gold during the quarter, compared with 59,238 ounces in the year-ago period.

For fiscal 2025, the company expects to produce 330,000 to 350,000 ounces of gold, supported by growth capital of an estimated AU$200 million.

The company's shares rose past 1% in recent Friday trade.

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