WGX reported gold production within 1% of our forecast, while gold sold was 11% higher than production. The performance by operating centre was mixed vs our estimates. The Bryah operations delivered an impressive beat on both production and costs, driven by higher grades from the Starlight underground. This more than offset lower production from the Murchison, which was impacted by reduced ore haulage due to wet weather. This resulted in higher low-grade stockpiles being processed vs our estimates. The merger with Karora Resources is expected to be completed on 1 August 2024, hence no FY25 guidance has been provided. We are on research restrictions on WGX.
To access the full report please log in under the Client Area at the bottom of this page.
Argonaut’s Client Area allows you to view delayed share prices, access Argonaut’s wealth of Research as well as create custom portfolios and set up company watch lists.
If you would like to access our research please contact us to create an account.