Westgold Resources (ASX/TSX: WGX) reported Q1 FY27 results for the period ending 30 September 2026, with gold production of 98.4koz at an AISC of A$2,912/oz, compared with 98.9koz at A$2,802/oz in the previous quarter. An AISC margin of A$3,117/oz delivered mine operating cash flow of A$292 million and an underlying Treasury build of A$251 million, lifting cash, bullion and liquid investments to A$1,040 million, with no debt and no hedging. The company invested A$111 million in non-sustaining capital and A$24 million in exploration, and bought back A$22 million of shares during the quarter. Group Ore Reserves rose 41% to 4.1Moz, including a 1.1Moz maiden reserve at Fletcher, and Westgold remains on track for FY27 guidance of 385–425koz. A A$50 million FY27 on-market buy-back has been approved, and a revised policy sets a minimum annual return of 3 cents per share, including a minimum fully franked dividend of 2 cents.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on thewhig.com ↗
Keywords
goldminingearningsdividendsWestgold Resources
Open a keyword to see other news on the same topic.
Related news
- September 2026 Quarterly Results
Westgold Resources (ASX/TSX: WGX) reported Q1 FY27 results for the quarter to 30 September 2026, with gold production of 98.4koz at an AISC of A$2,912/oz, versus 98.9koz at A$2,802/oz in Q4 FY26, and no lost time injuries. Cash, bullion and liquid investments rose A$101M to A$1,040M, with mine operating cash flow of A$292M and an underlying Treasury build of A$251M; the company remains debt-free and unhedged. Group Ore Reserves increased 41% to 4.1Moz, and A$22M of shares were bought back during the quarter under a A$50M FY27 program. A revised policy sets a minimum annual return of 3 cents per share, including a 2 cent fully franked dividend. Westgold remains on track for FY27 guidance of 385–425koz and targets around 500koz by FY29.
- Alkane Resources - Quarterly Report - September 2026
Alkane Resources' September 2026 quarterly report shows 40,740 gold-equivalent ounces produced at an AISC of $2,805 per AuEq oz, below the full-year cost guidance range. Quarterly revenue was $206 million from 38,348 ounces sold. Management reported monthly mining and processing records at Tomingley and successive monthly throughput records at Costerfield, while exploration drilling supported extensions at Costerfield and Björkdal and mineral resources at Storheden increased significantly. The company held $440 million in cash and bullion ($459 million including listed investments) and paid its first dividend of 2 cents per share, fully franked. Alkane reaffirmed FY27 guidance of 163-177koz gold equivalent at an AISC of $2,900-$3,200 per ounce.
- Alkane Resources Limited : Alkane Resources - Quarterly Report
Alkane Resources produced 40,740 gold-equivalent ounces in the first quarter of FY27 at an AISC of $2,805 per AuEq oz. Revenue was $206 million from sales of 38,348 ounces at an average gold price of $5,128/oz, down from $257 million in Q4 FY26. Mine operating cash flow was $102 million, and cash and bullion stood at $440 million ($459 million including listed investments) after $13 million of income tax payments. The company paid its maiden fully franked dividend of 2 cents per share, and its board approved a $50 million buyback in September 2026. It reaffirmed FY27 production guidance of 163-177koz gold equivalent at an AISC of $2,900-$3,200 per ounce, and expects final FY26 income tax payments of $55-60 million in the December quarter.
- This $40 Gold Mining Stock Could Turn $5,000 Into a Fortune
Barrick Mining (B) trades near $40, down more than 6% so far this year and well below its 52-week high of $54.69, as gold has slipped almost 4% from its January record and expectations of a rate increase weigh on the metal. The article notes Barrick trades at just under 12 times forward earnings, below its mining peers, with a dividend yield of about 2.23% and a 27.17% payout ratio. In the second quarter, the company reported net earnings of $1.22 billion, up 50%, gold output of 796,000 ounces, and $5.93 billion in cash against $4.62 billion in debt. Recent developments include averting a strike at Loulo-Gounkoto in Mali, signing a 15-year licensing agreement for the North Mara mine in Tanzania, and settling its lawsuit with Newmont, which includes a $1.95 billion payment to Barrick.
- Barrick Mining (B) Earnings Rose 50%, but Is Cash Flow Keeping Up?
Barrick Mining (NYSE: B) reports third-quarter results early next month. Its second-quarter net earnings rose 50% year on year to $1.22 billion, helped by higher gold and copper prices, but attributable free cash flow fell to $141 million from $212 million a year earlier. The company returned $1.50 billion to shareholders in the quarter, more than the cash it had left after spending, while project spending rose 49% and all-in sustaining costs for gold climbed 11%. Cash fell from the end of March but still exceeds debt, and its dividend policy aims to pay about half of attributable free cash flow. An agreement with Newmont to expand the Nevada Gold Mines complex brings Barrick a $1.95 billion cash payment and supports an IPO of its North American gold assets expected by year end, subject to market conditions.
- Lower Gold Guidance Could Be A Key Test For Buenaventura Stock (BVN)
Compañía de Minas Buenaventura reported third-quarter 2026 production and updated full-year 2026 guidance of 142,300 to 164,500 ounces of gold and 13.9 to 15.3 million ounces of silver. Gold output at San Gabriel came in below expectations because of processing constraints tied to filtration bottlenecks, while guidance for its other operations is largely unchanged. Analyst consensus models revenue rising about 1.7% a year over the next few years, but profit margins are expected to narrow from 48.6% to 42.7% and earnings to fall from about US$1.1b to US$993.2m by 2029. The company has flagged around US$500m of capex for 2026 and has a policy of distributing at least 40% of prior-year net income.
Related markets
Latest news
- Cardano holders are being asked to bet $5 million on copper hitting a new record
Toto Finance is asking Cardano's treasury for 22 million ADA, about $5 million, to buy and tokenize copper, with voting closing Nov. 15. About two-thirds of the budget would buy copper stored in a COMEX-approved warehouse for 18 to 24 months before sale, while the rest covers storage, insurance, audits and Toto's work. If the full budget is spent and ADA's dollar price stays unchanged, copper would need to rise about 49.4% for the treasury to recover its investment, and there is no guarantee the treasury gets its original ADA back. Toto could receive up to 3.36 million ADA, roughly 15% of the request, and would keep its commercial rights to its tokenized-copper business. The proposal would use just over half of Cardano's remaining withdrawal allowance, which would not be replenished under existing rules.
- Bitcoin Core changes security policy as AI makes bugs easier to find
Bitcoin Core is changing its security disclosure policy because large language models have made some flaws easy to rediscover, so long embargoes offer little protection. Under the new policy, vulnerabilities deemed easily discoverable will be fixed as soon as possible across all maintained major versions, with security advisories published alongside the updates. Other flaws will follow severity-based schedules: low-severity bugs will be disclosed two weeks after the fix is released, while medium and high-severity bugs will be disclosed two weeks after the last affected release reaches End of Life, typically a year after the fix. The change follows a volunteer Bitcoin Red Team report of nearly 5,000 potential issues across 390 projects in August, though only about a fifth had been reproduced at that point.
- Asia FX steadies as oil surge weighs on risk appetite, yen holds gains
Asian currencies and the U.S. dollar were largely subdued on Friday as investors weighed rising energy costs and geopolitical tensions, while the yen held its gains after a safe-haven rally tied to concerns over global growth and tech valuations. The U.S. Dollar Index was flat at 101.60 by 03:33 GMT, near a three-week low and on track for a second straight weekly loss. USD/JPY edged up 0.1% to 156.90 after a nearly 1% drop in the previous session, as the yen reached its highest level in more than a month. Brent crude near $114 a barrel, after a 4% jump on Thursday following attacks in Saudi Arabia, raises inflation risks for energy importers such as Japan, India and South Korea. The Indian rupee extended its losses, with USD/INR up 0.3% to 95.109, while the yuan hovered near four-year lows; the Fed is expected to hold rates at 3.75%-4.00% on October 28, with ECB and BoJ decisions due on October 29 and 30.
- Securities firm with the heaviest loss in the sector in Q3 2026 revealed
APG Securities (APG) posted a pre-tax loss of nearly 108 billion VND in Q3 2026, compared with a profit of nearly 20 billion VND a year earlier, the largest loss among securities firms that have reported Q3 results. Revenue fell 21% to nearly 69 billion VND and gains from FVTPL financial assets dropped 93%, while operating expenses rose to nearly 124 billion VND, mainly due to a 119 billion VND loss on FVTPL assets. Financial expenses rose nearly 33% to 43.5 billion VND, mostly interest costs. For the first nine months, APG recorded a pre-tax loss of nearly 105 billion VND, against a profit of over 28 billion VND a year earlier, putting its 2026 pre-tax profit target of 20 billion VND under pressure.
- IonQ vs. Rigetti Computing: Which Quantum Computing Stock Is the Better Buy?
The article compares quantum computing companies IonQ (ion-based) and Rigetti Computing (superconducting). Rigetti reported Q2 revenue of $5.1 million, up from $1.8 million in 2025, but an operating loss of $28.1 million, and held $541.3 million in cash and investments; it also received a $100 million award from the U.S. Department of Commerce. IonQ posted Q2 revenue of $80.1 million and forecasts 2026 sales of $280–290 million versus $130 million in 2025, though its Q2 operating loss widened to $337.2 million from $160.6 million, and the Elisity deal involves stock valued at up to $1.3 billion. The author judges IonQ the better investment given its consistent revenue growth, says they bought IonQ shares, and notes Rigetti's price-to-sales ratio is more than six times IonQ's.
- Hoa Binh Construction dismisses a Deputy General Director
Hoa Binh Construction (HBC) dismissed Nguyen Kinh Luan from his position as Deputy General Director effective 1 November 2026, for personal reasons, and he will remain a Board member. Earlier, on 15 September 2026, Mr. Luan resigned from all his positions at the company and related entities. Separately, on 18 September 2026, the company distributed more than 51.4 million shares to 99 creditors to swap debt of nearly VND 514.2 billion, equal to 100% of the shares issued. The swapped shares are restricted from transfer for one year and are expected to be delivered within 30 days after the issuance closes.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.