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Westgold Resources Ltd

www: www.westgold.com.au   email: reception@westgold.com.au
Category: Mid-tier Producer
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Symbol Data

Symbol Currency
ASX:WGX AUD
OTCMKTS:WGXRF USD
TSE:WGX CAD

Description

Westgold Resources Ltd are a gold focused mid-tier producer with two producing mines in Australia and USA, one mine in development in Australia and four exploration properties. Currently they produce roughly 410koz. of gold per year. They have approximately 13Moz. of gold in the reserves and resources category of which 8.6Moz. are in the measured and indicated category. They have a market capitalisation of ~A$2094.42M which is a rise of roughly 16% over the last two months. As of 08/15/2024 they have no debt and ~A$110.34M cash. They have 943M shares outstanding and trade on the Australian Stock Exchange, the Toronto Stock Exchange and the over-the-counter markets.

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General Details

Financial 08/15/2024
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
MCap (FD): $1,799.79M $2,094.42M 08/15/2024 $294.63M
Total Assets: $430.42M $434.65M 08/15/2024 $4.24M
Total Liabilities: $152.30M $153.80M 08/15/2024 $1.50M
Current Assets: $127.14M $128.39M 08/15/2024 $1.25M
Current Liabilities: $71.52M $72.22M 08/15/2024 $0.70M
Total Debt: $0.00M $0.00M 08/15/2024 $0.00M
Cash: $109.26M $110.34M 08/15/2024 $1.08M
Enterprise Value: $1,690.53M $1,984.09M 11/14/2032 $293.56M
Cash Flow: $341.60M $464.49M never $122.89M
Cash Flow Multiple: 5.27 4.51 never -0.76
Net Debt to
Cash Flow Ratio:		 n/a n/a never 0.00
Finance within 1 year: 08/15/2024 n/a
Misc 08/15/2024
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
Shares Outstanding: 943,109,690 943,109,690 08/15/2024 0
Shares (FD): 952,000,000 952,000,000 08/15/2024 0
Insider Ownership: n/a n/a never n/a
Dividend (Annual): n/a n/a never n/a
Company Type: Mostly Gold Mostly Gold never n/a
Production ETA: n/a n/a 08/15/2024 n/a
Production (Gold Eq Oz.): (guess) 
400,000		 (guess) 
410,000		 09/16/2024 10,000
Production (Silver Eq Oz.): (guess) 
35,488,069		 (guess) 
32,810,805		 09/16/2024 -2,677,264
Initial CapEx (Outstanding): n/a n/a 08/15/2024 n/a
Funding Option: n/a n/a 08/15/2024 n/a
Documentation: none PRODUCER 09/16/2024 n/a
Future MCap Modifier: 0.2
Producer: Growth Potential
 0.2
Producer: Growth Potential
 08/15/2024 0
Cash Flow Multiplier: 15 15 08/15/2024 0.00

Resource Data

GOLD 08/15/2024
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: 3.20M 3.20M 08/15/2024 0.00M
Measured & Indicated: 8.60M 8.60M 08/15/2024 0.00M
Inferred: 4.40M 4.40M 08/15/2024 0.00M
Reserves & Resources: 13.00M 13.00M never 0.00M
P
L
A
U
S
I
B
L
E		 Proven & Probable: 2.88M 2.88M 08/15/2024 0.00M
Measured & Indicated: 6.77M 6.77M 08/15/2024 0.00M
Inferred: 1.98M 1.98M 08/15/2024 0.00M
Reserves & Resources: 8.75M 8.75M never 0.00M
C
U
R
R
E
N
T		 Annual Production: (guess) 
400,000oz.		 (guess) 
410,000oz.		 09/16/2024 10,000oz.
Cash Cost: $1,100 $1,100 08/15/2024 $0.00
Extra Operating Cost: $500 $500 08/15/2024 $0.00
Total: $1,600 $1,600 08/15/2024 $0.00
Margin (Free Cash Flow): $854 (35%) $1,133 (41%) $278.90
G
R
A
D
E		 Underground (Avg): 2.30 g/t 2.30 g/t 08/15/2024 n/a
Open Pit (Avg): n/a n/a 02/03/2024 n/a
Recovery Rate: (CG)  90.00% (CG)  90.00% 09/16/2024 0.00%
F
U
T
U
R
E		 Proven & Probable: 10.00M 10.00M 08/15/2024 0.00M
Annual Production: 500,000oz. 500,000oz. 08/15/2024 0oz.
Cash Cost: $1,200 $1,200 08/15/2024 $0
Extra Operating Cost: $500 $500 08/15/2024 $0
SILVER 08/15/2024
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: n/a n/a 08/15/2024 0.00M
Measured & Indicated: n/a n/a 08/15/2024 0.00M
Inferred: n/a n/a 08/15/2024 0.00M
Reserves & Resources: n/a n/a never 0.00M
P
L
A
U
S
I
B
L
E		 Proven & Probable: n/a n/a 08/15/2024 0.00M
Measured & Indicated: n/a n/a 08/15/2024 0.00M
Inferred: n/a n/a 08/15/2024 0.00M
Reserves & Resources: n/a n/a never 0.00M
C
U
R
R
E
N
T		 Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 08/15/2024 $0.00
Extra Operating Cost: n/a n/a 08/15/2024 $0.00
Total: n/a n/a 08/15/2024 $0.00
Margin (Free Cash Flow): n/a $0.00
G
R
A
D
E		 Underground (Avg): n/a n/a 08/15/2024 n/a
Open Pit (Avg): n/a n/a 02/03/2024 n/a
Recovery Rate: n/a n/a 08/15/2024 0.00%
F
U
T
U
R
E		 Proven & Probable: n/a n/a 08/15/2024 0.00M
Annual Production: n/a n/a 08/15/2024 n/a
Cash Cost: n/a n/a 08/15/2024 n/a
Extra Operating Cost: n/a n/a 08/15/2024 n/a

Property

Last Analysis Data  (08/15/2024)
Stage Name Owned Au Ag Cu Notes
Exp Bryah 100% show
50,000 oz per year.
Exp Murchison 100% show
200,000 oz of annual production.
Current Data
Stage Name Owned Au Ag Cu Notes
Prod Beta Hunt 100% show
Low resources, but significant exploration potential.
Dev Spargos 100% show
150,000 oz, growing in size.
Exp Bryah 100% show
50,000 oz per year.
Exp Higginsville 100% show
Mine and mill.

1+ million oz.
Exp Murchison 100% show
200,000 oz of annual production.
Exp Qiqavik 44% show
Early exploration.
Prod Carolina 44% show
Early exploration
Total Land Package Size (ha): 200,000  

Profitability (by resource)

Proven &
Probable		 08/15/2024
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 3.20M 3.20M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a -27.82M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 2.88M 2.88M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a -25.04M
Maximum Profit (Gold): $2,459.52M $3,262.75M n/a $803.23M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $2,459.52M $3,262.75M n/a $803.23M
Max Profit / Current MCap: 1.367 1.558 n/a 0.191
Max Profit Per Share (Gold): $2.58 $3.43 n/a $0.84
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $2.58 $3.43 n/a $0.84
Total Free Profit Per Share: $0.00 $0.14 n/a $0.14
FD MCap / Gold Eq.: $624.93 $727.23 n/a $102.30
FD MCap / Silver Eq.: $7.04 $9.09 n/a $2.04
FD MCap / Per Metal
as % Spot Price:		 25.47% 26.61% n/a 1.14%
Measured &
Indicated		 08/15/2024
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 8.60M 8.60M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a -74.77M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 6.77M 6.77M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a -58.84M
Maximum Profit (Gold): $5,779.87M $7,667.47M n/a $1,887.60M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $5,779.87M $7,667.47M n/a $1,887.60M
Max Profit / Current MCap: 3.211 3.661 n/a 0.449
Max Profit Per Share (Gold): $6.07 $8.05 n/a $1.98
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $6.07 $8.05 n/a $1.98
Total Free Profit Per Share: $3.22 $4.76 n/a $1.55
FD MCap / Gold Eq.: $265.93 $309.46 n/a $43.53
FD MCap / Silver Eq.: $3.00 $3.87 n/a $0.87
FD MCap / Per Metal
as % Spot Price:		 10.84% 11.32% n/a 0.49%

Reserves &
Resources		 08/15/2024
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 13.00M 13.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a -113.02M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 8.75M 8.75M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a -76.05M
Maximum Profit (Gold): $7,470.79M $9,910.61M n/a $2,439.82M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $7,470.79M $9,910.61M n/a $2,439.82M
Max Profit / Current MCap: 4.151 4.732 n/a 0.581
Max Profit Per Share (Gold): $7.85 $10.41 n/a $2.56
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $7.85 $10.41 n/a $2.56
Total Free Profit Per Share: $4.99 $7.12 n/a $2.13
FD MCap / Gold Eq.: $205.74 $239.42 n/a $33.68
FD MCap / Silver Eq.: $2.32 $2.99 n/a $0.67
FD MCap / Per Metal
as % Spot Price:		 8.38% 8.76% n/a 0.38%

Future Valuation (Cash Flow & Totals)

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