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Westgold Resources Announces Amended Quarterly Report

15 Apr 2019  |  13:53:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Amended Quarterly Report

Westgold Resources announced amended quarterly report stating that the March Quarter 2019 delivered significantly improved results as the ramp up of Murchison operations continued. Also, the Company produced 74,004Oz Au of which 6,836Oz was attributable to third party ore processing. The Company updated that gold operations cash costs (C1) reduced by 18% to A$1,105/oz on a Quarter on Quarter (QoQ) basis. As reported, the Cue Gold Operations continued its ramp up with production output increasing by 37% to 20,108Oz on a QoQ basis. Cash Costs (C1) reduced by 37% to $1,076/oz and AISC reduced by 29% to A$1,250/oz on a QoQ basis. The Company further updated that it closed the quarter with cash and bullion of $50.2m.

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