8 Westgold Resources Limited Annual Report 2024 OUR OPERATIONS REVIEW OF OPERATIONS Westgold Resources (ASX/TSX: WGX) is a significant Australian gold company – producing over 227,000oz of gold in FY24 (top end of revised production guidance of between 220,000oz and 230,000oz) from its owner-operated portfolio of established mines and processing plants, at an All-In Sustaining Cost (AISC) of $2,178/oz (at the lower end of its revised guidance of between $2,100/oz and $2,300/oz). In August 2024, subsequent to the period under review, Westgold merged with TSX-listed Karora Resources, near-doubling its annual gold production capacity to over 400,000oz when its mines in development reach full production, elevating the Company to the ranks of Australia’s top five gold producers. Figure 1. Map of Westgold’s operations in Western Australia With more than 350 land titles spanning ~3,200km2 across two of Western Australia’s most prolific goldfields – the Company has an enviable pipeline of organic growth options and exploration targets to sustain its operations. This unprecedented opportunity for sustainable growth is underpinned by Westgold’s profitable operations, robust balance sheet and its highly experienced Board of Directors, management team, and skilled workforce of some 1,900 people.
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