PERTH, Western Australia, Feb. 14, 2025 /CNW/ – Westgold Resources Limited (ASX: WGX) (TSX: WGX) – (Westgold or the Company) is pleased to report its financial results1 for the half-year ended 31 December 2024. Additional information is provided in the Appendix 4D, FY25 Half Year Financial Results and Management’s Discussion and Analysis reports released today.
Highlights for H1 FY25
- Gold production of 158,255 ounces at AISC of $2,562/oz
- Revenue up 72% – to $624M (H1 FY24: $363)
- EBITDA of $140M – generated at a competitive EBITDA margin of 22%
- Pre-tax Net Cash flows from operations of $125M (H1 FY24: $161M)
- $257M invested in the business (H1 FY24: $103M)
- Net profit before tax – $4.6M and normalised profit before tax of $89M
- Net loss after tax – $27.6M (Net profit after tax H1 FY24 : $44M)
Westgold Managing Director and CEO Wayne Bramwell commented: “Our merger with Karora and subsequent inclusion in the ASX 200…
