Westgold Resources Limited has released its FY27 guidance and updated Three-Year Outlook, targeting an increase in group gold production from 385–425koz in FY27 to 460–510koz by FY29.

The updated plan outlines a fully funded pathway supported by increased Murchison ore availability, investment in major underground operations, and sequenced brownfield expansions of the Cue processing hub in FY27 and the Meekatharra hub in FY28. These plant upgrades will lift total Group processing capacity to over 7Mtpa by FY29.

For the upcoming 2027 financial year, Westgold has guided to gold production of 385–425koz at an All-In Sustaining Cost of $2,980–$3,380/oz.

To achieve the expanded production profile, the company has budgeted $450M–$480M in growth capital for FY27 alongside a $50M–$75M investment in exploration and resource definition drilling. By FY29, growing mill throughput and higher ore optionality are projected to reduce Group AISC to $2,640–$3,000/oz on an FY27 real-cost basis.

“Westgold's updated 3YO is a high confidence, executable organic growth plan lifting Group production towards 500,000 oz in FY29. This plan is fully funded with Group All-In Sustaining costs forecast to fall as the benefits of higher-grade ore availability and expansion of key Murchison mines and processing capacity to >7Mtpa are realised, delivering enhanced Group cashflow.”

“The capital program reflects a deliberate decision to prioritise Murchison investment and utilise Westgold's strong balance sheet, improving reserve confidence and growing mining inventories to invest ahead of production. FY27 represents the peak investment year in the 3YO, with elevated non-sustaining capital directed to accelerated underground development, strategic ore inventories and the brownfield expansions of the Cue and Meekatharra processing hubs.”

— Wayne Bramwell, Managing Director and CEO

The production targets are underpinned by current mine plans comprising approximately 86% Ore Reserves, 2% Measured and Indicated Resources, 7% Inferred Resources, and 5% third-party sources in FY27.

Read the full announcement: FY27 Guidance and Three-Year Outlook