WGX westgold resources limited.

I'm with you on this Spec.Looks like a turd on the plate but...

  1. 5,324 Posts.
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    I'm with you on this Spec.

    Looks like a turd on the plate but bite into it and it could be chocolate ganache in a quarter or two.
    https://hotcopper.com.au/data/attachments/4785/4785041-f0d3b370e7a2af4d05982b57adf42e2e.jpg


    Mixed bag regarding mine performance, tons up but grades disappointingly down at Big Bell and Startlight.


    Nice to see prices trending down MoM which bodes well for the next quarter.
    https://hotcopper.com.au/data/attachments/4785/4785050-0dd6ac8d2dea3e5250fb37d01b78a554.jpg


    Was surprised to see they were still mining during the quarter at South Emu and Comet.
    https://hotcopper.com.au/data/attachments/4785/4785128-4831454115f955b63fb4faffb4d84fdb.jpg
    https://hotcopper.com.au/data/attachments/4785/4785136-6591719adcf514ee5ae6ea9abb867edd.jpg

    Realised gold price came in $40 below what I had expected.
    Hedge book average price is creeping higher along with gold price increasing will help increase realised GP for Q2.

    Average price up $23 going into Q2. Another positive, Q3 hedged contract sales to reduce by 9,000 oz per quarter by Q3.
    https://hotcopper.com.au/data/attachments/4785/4785170-8c4216ad8e61b2bd6b0d0e06c31979ff.jpg
    Market likes the result...
    GLTAH
    Last edited by Joelstar: 27/10/22
 
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$2.91
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