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Westgold Resources Ltd

www: www.westgold.com.au   email: reception@westgold.com.au
Category: Emerging Major
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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 emerging major with two producing mines in Australia and USA, one mine in development in Australia and four exploration properties. Currently they produce roughly 400koz. of gold per year. They have approximately 12Moz. of gold in the reserves and resources category of which 8Moz. are in the measured and indicated category. They have a market capitalisation of ~A$3751.61M which is a fall of roughly 12% over the last four weeks. As of 08/22/2026 they have no debt and ~A$669.75M cash. They have 949M shares outstanding and trade on

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General Details

Financial 08/22/2026
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
MCap (FD): $4,244.07M $3,751.61M 08/22/2026 $-492.46M
MCap (OS): $4,229.88M $3,739.07M 08/22/2026 $-490.81M
Total Assets: $572.92M $570.61M 08/22/2026 $-2.31M
Total Liabilities: $164.72M $164.05M 08/22/2026 $-0.67M
Current Assets: $672.47M $669.75M 08/22/2026 $-2.72M
Current Liabilities: $77.34M $77.03M 08/22/2026 $-0.31M
Total Debt: $0.00M $0.00M 08/22/2026 $0.00M
Cash: $672.47M $669.75M 08/22/2026 $-2.72M
Debt (Net): $-672.47M $-669.75M $2.72M
Enterprise Value: $3,571.60M $3,081.86M $-489.74M
Cash Flow: $617.34M $449.35M never $-167.99M
Cash Flow Multiple: 6.87 8.35 never 1.47
Net Debt to
Cash Flow Ratio:
n/a n/a never 0.00
Finance within 1 year: 08/22/2026 n/a
Misc 08/22/2026
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Shares Outstanding: 948,818,463 948,818,463 08/22/2026 0
Shares (FD): 952,000,000 952,000,000 08/22/2026 0
Insider Ownership: n/a n/a 08/22/2026 n/a
Dividend (Annual): n/a n/a 09/08/2026 n/a
Company Type: Mostly Gold Mostly Gold never n/a
Group: Producer Producer never n/a
Production ETA: n/a n/a 08/22/2026 n/a
Production (Gold Eq Oz.): (guess) 
385,000
(guess) 
400,000
09/08/2026 15,000
Production (Silver Eq Oz.): (guess) 
25,656,338
(guess) 
26,874,157
09/08/2026 1,217,819
Development Phase: Producer (Multiple Mines) Producer (Multiple Mines) 08/22/2026 n/a
Optionality Play: none No
F
U
T
U
R
E
% of Spot: 20
Producer: Growth Potential
20
Producer: Growth Potential
08/22/2026 0
Cash Flow Multiple: 22 22 08/22/2026 0.00

Resource Data

GOLD 08/22/2026
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 08/22/2026 0.00M
Measured & Indicated: 8.00M 8.00M 08/22/2026 0.00M
Inferred: 4.00M 4.00M 08/22/2026 0.00M
Reserves & Resources: 12.00M 12.00M never 0.00M
P
L
A
U
S
I
B
L
E
Proven & Probable: 2.88M 2.88M 08/22/2026 0.00M
Measured & Indicated: 6.34M 6.34M 08/22/2026 0.00M
Inferred: 1.80M 1.80M 08/22/2026 0.00M
Reserves & Resources: 8.14M 8.14M never 0.00M
C
U
R
R
E
N
T
Annual Production: (guess) 
385,000oz.
(guess) 
400,000oz.
09/08/2026 15,000oz.
Cash Cost: $2,000 $2,200 09/08/2026 $200.00
Extra Operating Cost: $1,000 $1,000 08/22/2026 $0.00
Total: $3,000 $3,200 09/08/2026 $200.00
Margin (Free Cash Flow): $1,603 (35%) $1,123 (26%) $-480.10
MCap / Production (AuEq): $11,023.55 $9,379.02 $-1,644.52
EV / Production (AuEq): $9,276.88 $7,704.64 $-1,572.23
G
R
A
D
E
Underground (Avg): 2.30 g/t 2.30 g/t 08/22/2026 n/a
Open Pit (Avg): n/a n/a 08/22/2026 n/a
Recovery Rate: (CG)  90.00% (CG)  90.00% 09/08/2026 0.00%
F
U
T
U
R
E
Proven & Probable: 10.00M 10.00M 08/22/2026 0.00M
Annual Production: 470,000oz. 500,000oz. 09/08/2026 30,000oz.
Cash Cost: $2,200 $2,400 09/08/2026 $200
Extra Operating Cost: $1,000 $1,000 08/22/2026 $0
SILVER 08/22/2026
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 08/22/2026 0.00M
Measured & Indicated: n/a n/a 08/22/2026 0.00M
Inferred: n/a n/a 08/22/2026 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 08/22/2026 0.00M
Measured & Indicated: n/a n/a 08/22/2026 0.00M
Inferred: n/a n/a 08/22/2026 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 08/22/2026 $0.00
Extra Operating Cost: n/a n/a 08/22/2026 $0.00
Total: n/a n/a 08/22/2026 $0.00
Margin (Free Cash Flow): n/a $0.00
MCap / Production (AgEq): $165.42 $139.60 $-25.82
EV / Production (AgEq): $139.21 $114.68 $-24.53
G
R
A
D
E
Underground (Avg): n/a n/a 08/22/2026 n/a
Open Pit (Avg): n/a n/a 08/22/2026 n/a
Recovery Rate: n/a n/a 08/22/2026 0.00%
F
U
T
U
R
E
Proven & Probable: n/a n/a 08/22/2026 0.00M
Annual Production: n/a n/a 08/22/2026 n/a
Cash Cost: n/a n/a 08/22/2026 n/a
Extra Operating Cost: n/a n/a 08/22/2026 n/a

Property

Last Analysis Data  (08/22/2026)
Stage Name Owned
%
NPV
$M
IRR
%
CapEx
$M
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.

Size: 200,000 ha
Exp Murchison
100 show
200,000 oz of annual production.
Exp Qiqavik
44 show
Early exploration.
Prod Carolina
44 show
Early exploration
Current Data
Stage Name Owned
%
NPV
$M
IRR
%
CapEx
$M
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.

Size: 200,000 ha
Exp Murchison
100 show
200,000 oz of annual production.
Exp Qiqavik
44 show
Early exploration.
Prod Carolina
44 show
Early exploration

Profitability (by resource)

Proven &
Probable
08/22/2026
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 1.75M
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 1.57M
Maximum Profit (Gold): $4,618.02M $3,235.33M n/a $-1,382.69M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $4,618.02M $3,235.33M n/a $-1,382.69M
Max Profit / Current MCap: 1.088 0.862 n/a -0.226
Max Profit Per Share (Gold): $4.85 $3.40 n/a $-1.45
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $4.85 $3.40 n/a $-1.45
Total Free Profit Per Share: $0.00 $0.00 n/a $0.00
FD MCap / Gold Eq.: $1,473.63 $1,302.64 n/a $-170.99
FD MCap / Silver Eq.: $22.11 $19.39 n/a $-2.72
FD MCap / Per Metal
as % Spot Price:
32.01% 30.13% n/a -1.88%
EV / Gold Eq.: $1,240.14 $1,070.09 n/a $-170.05
EV / Silver Eq.: $18.61 $15.93 n/a $-2.68
EV / Per Metal
as % Spot Price:
26.94% 24.75% n/a -2.19%
Measured &
Indicated
08/22/2026
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.): 8.00M 8.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 4.36M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 6.34M 6.34M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 3.46M
Maximum Profit (Gold): $10,159.65M $7,117.74M n/a $-3,041.91M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $10,159.65M $7,117.74M n/a $-3,041.91M
Max Profit / Current MCap: 2.394 1.897 n/a -0.497
Max Profit Per Share (Gold): $10.67 $7.48 n/a $-3.20
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $10.67 $7.48 n/a $-3.20
Total Free Profit Per Share: $4.45 $1.95 n/a $-2.50
FD MCap / Gold Eq.: $669.83 $592.11 n/a $-77.72
FD MCap / Silver Eq.: $10.05 $8.81 n/a $-1.24
FD MCap / Per Metal
as % Spot Price:
14.55% 13.70% n/a -0.86%
EV / Gold Eq.: $563.70 $486.40 n/a $-77.29
EV / Silver Eq.: $8.46 $7.24 n/a $-1.22
EV / Per Metal
as % Spot Price:
12.25% 11.25% n/a -0.99%

Reserves &
Resources
08/22/2026
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.): 12.00M 12.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 6.55M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 8.14M 8.14M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 4.44M
Maximum Profit (Gold): $13,045.91M $9,139.82M n/a $-3,906.09M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $13,045.91M $9,139.82M n/a $-3,906.09M
Max Profit / Current MCap: 3.074 2.436 n/a -0.638
Max Profit Per Share (Gold): $13.70 $9.60 n/a $-4.10
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $13.70 $9.60 n/a $-4.10
Total Free Profit Per Share: $7.48 $4.08 n/a $-3.40
FD MCap / Gold Eq.: $521.64 $461.11 n/a $-60.53
FD MCap / Silver Eq.: $7.83 $6.86 n/a $-0.96
FD MCap / Per Metal
as % Spot Price:
11.33% 10.67% n/a -0.67%
EV / Gold Eq.: $438.99 $378.79 n/a $-60.19
EV / Silver Eq.: $6.59 $5.64 n/a $-0.95
EV / Per Metal
as % Spot Price:
9.54% 8.76% n/a -0.77%

Future Valuation (Cash Flow & Totals)

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