Westgold Resources Limited has released its FY27 guidance and updated Three-Year Outlook, targeting an organic increase in Group gold production to between 460,000 and 510,000 ounces by FY29.

The updated plan outlines a fully funded pathway from FY27 production guidance of 385,000 to 425,000 ounces. All-In Sustaining Costs are forecast to decline from $2,980 to $3,380 per ounce in FY27 to between $2,640 and $3,000 per ounce by FY29 on an FY27 real-cost basis. Capital investment for FY27 includes $450 million to $480 million in growth capital, alongside $50 million to $75 million dedicated to exploration and resource definition drilling.

“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.”

— Wayne Bramwell, Managing Director and CEO

The growth strategy is underpinned by sequenced brownfield expansions across the Murchison processing hubs. Westgold expects the Cue Expansion Project to increase processing capacity to 1.7Mtpa in late FY27. This will be followed by the Meekatharra Expansion Project, scheduled to expand capacity to 2.9Mtpa by mid-FY28, taking total Group processing capacity beyond 7 million tonnes per annum by FY29.

“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

In March 2026, the company's board approved a final investment decision committing $145 million to expand the Higginsville Processing Hub from 1.6Mtpa to 2.6Mtpa. However, the updated Three-Year Outlook defers inclusion of that expansion to evaluate a larger 4Mtpa processing hub centred on the Fletcher Zone.

The Fletcher Zone at the Beta Hunt mine in the Southern Goldfields represents Westgold's largest organic growth opportunity. It is excluded from the current Three-Year Outlook while management advances a definitive feasibility study for the 4Mtpa processing expansion and alternative haulage solutions.

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