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2026-11-06
◂ Monitor WGX ASX

Westgold Resources Limited

Producer · Gold · AU Rating locked: sign in to view v8 · wgx-20261024t195125-full
Last 2026-11-06
A$5.58
1D
—
1M
—
YTD
—
1Y
—
Upside
Locked: sign in to view
Mkt cap
A$5.2B
EV
A$4.7B
Cash
A$734.8M
Debt
A$64.4M
5 newer ASX announcements not yet reflected in this valuation

Portfolio detail

Assets

2 assets

Core asset

Murchison integrated operations

AU

Producer100% ownedGold

Operating wholly-owned gold mine and mill hub portfolio; sources annual ownership table physical94 and September3YO.

Producer · Producer
Production annualised (attributable)
—
Production (last FY, 100%)
216.4k oz/yrd
AISC (latest quarter)
A$2,567/oz
AISC margin at spot
56.2%m
Delivery vs guidance
—
Reserve life
—
Head grade
—
Resources & reserves2
TypeCategoryQuantityGradeContained mineralsDate
Mineral ResourceMeasured Indicated Inferred inclusive total— None2.34 g/t AuGold2026-06-30
Ore ReserveProved and probable— NoneDeposit-specific in sidecarGold2026-06-30
Tenements1
murchison-tenureGranted— None · No expiry supplied
Economic studies2
StudyStageStatusDateSummary
Meekatharra 2.9Mtpa expansion scoping studyScoping StudyCurrent2026-08-25Ten-year recovered output 1.5-1.8Moz including third-party ore and non-reserve resources; AISC1968-2406; capex65-100m; pre-tax NPV1.9b at5500 and2.4b at6000, 7.3% discount. Not an incremental post-tax NPV for addition to integrated DCF.
Cue 1.7Mtpa expansion scoping studyScoping StudyCurrent2026-08-05Ten-year 1.1-1.3Moz recovered; pre-tax NPV1.0-1.2b at5500, 7.3% discount; indicative expansion capital15-22m. Integrated DCF already includes operations and expansion capital.

Core asset

Southern Goldfields existing operations

AU

Producer100% ownedGold

Operating wholly-owned gold mine and mill hub portfolio; sources annual ownership table physical94 and September3YO.

Producer · Producer
Production annualised (attributable)
—
Production (last FY, 100%)
114.8k oz/yrd
AISC (latest quarter)
A$3,331/oz
AISC margin at spot
43.1%m
Delivery vs guidance
—
Reserve life
—
Head grade
—
Resources & reserves2
TypeCategoryQuantityGradeContained mineralsDate
Mineral ResourceMeasured Indicated Inferred inclusive total— None2.26 g/t AuGold2026-06-30
Ore ReserveProved and probable— NoneDeposit-specific in sidecarGold2026-06-30
Tenements1
southern-tenureGranted— None · No expiry supplied

d derivedr our researchg guidances study forecastm daily marketNo marker: as reported— / NM missing or not meaningful (hover for why)

Stock database

Other assets

Plants, holdings and assets valued inside a project
Beta Hunt including deferred Fletcher inventory · Producer · Producer
Production annualised (attributable)
83.3k ozd
Production (last FY, 100%)
—
AISC (latest quarter)
—
AISC margin at spot
—
Delivery vs guidance
—
Reserve life
—
Head grade
2.1 g/t Au
Big Bell · Producer · Producer
Production annualised (attributable)
52.2k ozd
Production (last FY, 100%)
—
AISC (latest quarter)
—
AISC margin at spot
—
Delivery vs guidance
—
Reserve life
—
Head grade
1.8 g/t Au
Bluebird-South Junction · Producer · Producer
Production annualised (attributable)
74.5k ozd
Production (last FY, 100%)
—
AISC (latest quarter)
—
AISC margin at spot
—
Delivery vs guidance
—
Reserve life
—
Head grade
2.5 g/t Au
Cue processing plant · Processing plant / refinery · Operating
Product and spec
—
Nameplate capacity
1.4m t/yr
Throughput (12M)
—
Utilisation
—
Capital intensity (capex / tpa)
—
Feed source
—
Offtake contracted
—
Fender · Producer · Producer
Production annualised (attributable)
12.5k ozd
Production (last FY, 100%)
—
AISC (latest quarter)
—
AISC margin at spot
—
Delivery vs guidance
—
Reserve life
—
Head grade
—
Fortnum processing plant · Processing plant / refinery · Operating
Product and spec
—
Nameplate capacity
900.0k t/yr
Throughput (12M)
—
Utilisation
—
Capital intensity (capex / tpa)
—
Feed source
—
Offtake contracted
—
Golden Crown · Resource / scoping · Resource stage
Contained metal (attributable)
297.0k ozd
Resource grade
3.59 g/t Au
% Measured + Indicated
30%d
Resource tonnes
2.57 Mt
Our value per attrib. contained unit
Locked
Mining method
—
Great Fingall · Producer · Producer
Production annualised (attributable)
6.8k ozd
Production (last FY, 100%)
—
AISC (latest quarter)
—
AISC margin at spot
—
Delivery vs guidance
—
Reserve life
—
Head grade
2.4 g/t Au
Higginsville processing plant · Processing plant / refinery · Operating
Product and spec
—
Nameplate capacity
1.6m t/yr
Throughput (12M)
—
Utilisation
—
Capital intensity (capex / tpa)
—
Feed source
—
Offtake contracted
—
Black Cat Syndicate shareholding · Equity investment · Held
Investee
Black Cat Syndicate
Holding
2.7%
Shares held
19.74m
Market value
—
% of holder's market cap
—
Cost basis
—
Corazon Mining shareholding · Equity investment · Held
Investee
Corazon Mining
Holding
19.9%
Shares held
47.60m
Market value
—
% of holder's market cap
—
Cost basis
—
Great Boulder Resources shareholding · Equity investment · Held
Investee
Great Boulder Resources
Holding
19.9%
Shares held
392.26m
Market value
—
% of holder's market cap
—
Cost basis
—
Kali Metals shareholding · Equity investment · Held
Investee
Kali Metals
Holding
16%
Shares held
31.86m
Market value
—
% of holder's market cap
—
Cost basis
—
New Murchison Gold shareholding · Equity investment · Held
Investee
New Murchison Gold
Holding
15.6%
Shares held
1.69b
Market value
—
% of holder's market cap
—
Cost basis
—
Sinclair Gold formerly Alicanto Minerals shareholding · Equity investment · Held
Investee
Sinclair Gold formerly Alicanto Minerals
Holding
17.4%
Shares held
32.22m
Market value
—
% of holder's market cap
—
Cost basis
—
Valiant Gold shareholding · Equity investment · Held
Investee
Valiant Gold
Holding
44%
Shares held
240.00m
Market value
—
% of holder's market cap
—
Cost basis
—
Lake Cowan · Producer · Producer
Production annualised (attributable)
1.3k ozd
Production (last FY, 100%)
—
AISC (latest quarter)
—
AISC margin at spot
—
Delivery vs guidance
—
Reserve life
—
Head grade
1.3 g/t Au
Meekatharra processing plant · Processing plant / refinery · Operating
Product and spec
—
Nameplate capacity
1.8m t/yr
Throughput (12M)
—
Utilisation
—
Capital intensity (capex / tpa)
—
Feed source
—
Offtake contracted
—
Murchison other deposits and open-pit / low-grade inventory · Producer · Producer
Production annualised (attributable)
13.7k ozd
Production (last FY, 100%)
—
AISC (latest quarter)
—
AISC margin at spot
—
Delivery vs guidance
—
Reserve life
—
Head grade
—
Peak Hill retained 1% NSR · Royalty / stream · Pre production
Royalty type
—
Rate
1%
Underlying asset and operator
—
Operator's stage
—
Attrib. royalty units per year
—
Royalty receipts (12M)
—
Our attributable value
Locked
Southern other deposits and open-pit / low-grade inventory · Producer · Producer
Production annualised (attributable)
1.9k ozd
Production (last FY, 100%)
—
AISC (latest quarter)
—
AISC margin at spot
—
Delivery vs guidance
—
Reserve life
—
Head grade
1 g/t Au
Starlight · Producer · Producer
Production annualised (attributable)
70.7k ozd
Production (last FY, 100%)
—
AISC (latest quarter)
—
AISC margin at spot
—
Delivery vs guidance
—
Reserve life
—
Head grade
2.9 g/t Au
Two Boys · Producer · Producer
Production annualised (attributable)
12.0k ozd
Production (last FY, 100%)
—
AISC (latest quarter)
—
AISC margin at spot
—
Delivery vs guidance
—
Reserve life
—
Head grade
2.3 g/t Au