WGX 1.50% $2.71 westgold resources limited.

Ann: Corporate Presentation - Swiss Mining Institute, page-8

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  1. 12,136 Posts.
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    Agree Champee.
    WGX has never looked more like a profitable mining company than right now.
    Most of that is due to management and the huge pool of talent WGX has working for it.
    I think some might still be underestimating just how important WGX being unhedged is at this moment in time.
    The huge rise is costs has been muted in the near term, WGX is heavily investing in growth and it's U/G operations and... some of it's neighbors (exploration companies with minable deposits) are trading at all times lows because they continue to struggle raise capital (or... they just keep diluting themselves into oblivion).

    The operational update on the 14th of March clearly explains that this will be the worst quarter for FY24. Just how it is with multiple issues arising from the raise (though at least it did not cause them to have to literally stop mining all together like some operators in W.A). Yet.. the rising POG will buffer much of this disappointment. I am estimating they will produce around 52-55k ounces with the June Q likely closer to 70k (with Great Fingall helping).
    Anything higher than that will be a phenomenal result, as they are still forecasting to meet the low end of guidance, which is basically, they need to produce around 122k for the 2nd half of FY24.

    https://hotcopper.com.au/data/attachments/6066/6066897-db4a8511ee1b0c0079ce4f98592d2b30.jpg

    This is the chart that matters. Average resalised price will be closer to $3250, or approx $10-12m higher revenue than during Q2FY24. Though there is a little bit of unknown in regards to just when WGX has sold the majority of its sales for the quarter.

    https://hotcopper.com.au/data/attachments/6066/6066899-c34b484c782b37421de80ef0f30666d4.jpg

    WGX has one main issue it needs to solve... the underutilization of the Bluebird mill. It needs oxide to ramp up the throughput... I believe they already have a solution and will make their move soon.
 
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Last
$2.71
Change
0.040(1.50%)
Mkt cap ! $2.555B
Open High Low Value Volume
$2.77 $2.79 $2.71 $10.51M 3.857M

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No. Vol. Price($)
2 45741 $2.71
 

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Price($) Vol. No.
$2.72 15000 1
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