Westgold Resources H1 revenue surges 98% to A$1.24B, turns debt-free

Key Facts

1Westgold Resources H1 FY26 revenue rose 98% to A$1.24 billion.

2EBITDA margin reached 49%, and the company became debt-free with A$654 million in treasury.

3Cost reductions are expected as higher-grade ore replaces lower-grade feed and Higginsville expansion comes online.

Amid sustained gold price momentum, Westgold Resources reported strong H1 FY26 results, with revenue surging 98% year-over-year to A$1.24 billion. The company posted an EBITDA margin of 49% and became debt-free with A$654 million in cash. These results were driven by its four-hub processing structure in Western Australia.

The company expects further cost reductions as it replaces lower-grade feed with higher-grade ore and brings the Higginsville expansion online. The strong performance comes at a time when the gold mining sector is attracting investor interest on the back of elevated gold prices.

Looking ahead, recent US macro data showed core PCE inflation rising 0.3% month-on-month in June, which may influence gold price dynamics through a stronger dollar. Meanwhile, stronger-than-expected Australian employment data supports the local business environment for mining companies.