Westgold Resources Limited (WGX) Q1 2026 Earnings Call

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WEBVTT 00:00:01.837 -- 00:00:07.307 Good morning everyone and welcome to the Westcold Resources Q1 FY26 quarterly results 00:00:07.307 -- 00:00:12.776 investor update webcast. Your first speaker for today is Wayne Bramwell, Managing Director 00:00:12.776 -- 00:00:15.902 and CEO. I'll now hand you over to Wayne. 00:00:15.902 -- 00:00:18.847 Thank you Shane and welcome everyone joining us today. 00:00:18.847 -- 00:00:23.836 On the call today I have Aaron Rankin, our Chief Operating Officer and Tommy Heng, our 00:00:23.836 -- 00:00:28.879 Chief Financial Officer. Today I'll provide a quick overview of the Q1 00:00:28.879 -- 00:00:34.427 FY26 results. After that, Aaron and Tommy will each share an overview 00:00:34.427 -- 00:00:37.893 of their areas and then we'll open the webinar up for questions. 00:00:37.893 -- 00:00:43.241 Let's jump straight in. Slide 4. Q1 marks a strong start to the new financial 00:00:43.241 -- 00:00:47.347 year. We delivered 83,937 ounces 00:00:47.347 -- 00:00:52.816 of gold at an all-in sustaining cost of $2,861 an ouch. 00:00:52.816 -- 00:00:58.003 which is in line with our guidance. Importantly, we generated an underlying cash build 00:00:58.003 -- 00:01:03.010 of $180 million and closed the quarter with $472 million in 00:01:03.010 -- 00:01:07.977 cash, bullion and liquid investments. This quarter also saw the release of our three-year 00:01:07.977 -- 00:01:13.045 outlook, which outlines a clear pathway to 470,000 ounces of annual 00:01:13.045 -- 00:01:17.521 production by FY28, while reducing our cost profile. 00:01:17.521 -- 00:01:23.009 This outlook is supported by a 24% increase in mineral resources to 16.3 00:01:23.009 -- 00:01:28.777 million ounces and a 5% increase in oil reserves to 3.5 million ounces, 00:01:28.777 -- 00:01:31.801 re...