Westgold Resources Limited (WGX) Q3 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everybody, and welcome to Westgold's Q3 FY26 quarterly webinar. Your first speaker for today's call is Wayne Bramwell, CEO and Managing Director. Over to you, Wayne. Thank you, and hello, everyone. Welcome to Westgold's March 2026 quarterly results call. Joining me today is Aaron Rankin, our Chief Operating Officer, and Tommy Heng, our Chief Financial Officer. I'll begin with a high-level overview of the quarter in the broader business context. before handing to Aaron and Tommy to cover operations and financials in more detail. Then we'll open up the line for Q&A. Let's start with the highlights. Slides 4 and 5 represent the Q3 numbers. Q3 delivered continued cash generation, solid production delivery and further balance sheet strength. Westgold produced 93,145 ounces of gold during the quarter at an all-in sustaining cost of $2,931 per ounce, excluding the all-purchase agreement. With the all-purchase agreement, all-in sustaining costs rose to $3,338 per ounce. Importantly, the business delivered an underlying cash build of $285 million for full growth capital, exploration spend and one-off items. This translated to a $202 million increase in Treasury, closing the quarter with $156 million in cash, bullion and liquid investments. These outcomes reflect a business that is now starting to operate with scale, resilience and growing financial flexibility, and importantly, do so while remaining unhedged and fully exposed to the gold price. Now let's turn to what's driving that momentum. Slide number six. the waterfall. This slide highlights the momentum that has been building steadily across Westgold's business. Year to date in FY26, we've generated $492 million in treasury growth, reflecting consistent operating performance, strong margins and disciplined ...