Westgold Resources Ltd (TSX:WGX)
C$ 2.53 -0.04 (-1.56%) Market Cap: 2.42 Bil Enterprise Value: 2.25 Bil PE Ratio: 14.08 PB Ratio: 1.91 GF Score: 62/100
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Q4 2024 Westgold Resources Ltd Activities Report Call Transcript

Jul 31, 2024 / 12:30AM GMT
Operator

Good morning, everybody and welcome to the Westgold Resources Limited June quarterly conference call. Your first speaker today is Wayne Bramwell. Please go ahead, Wayne.

Wayne Bramwell
Westgold Resources Ltd - Managing Director, Executive Director

Thank you, Shane. Welcome, everyone, to today's webinar. We'll go straight to slide 5, Q4 FY24 overview. We continue to build cash. We had a solid fourth quarter in Q4 FY24, building $21 million in cash, bullion and liquids before we paid a $4.7 million cash dividend.

This resulted in a $16 million net cash bullion and liquid build for the quarter. We've now delivered six straight quarters of cash build over, $71 million for the full FY24. Key to this delivery has been our strategy to focus on safe and profitable ounces. Safety is paramount in this business, and it's our view that you can't build a sustainably profitable business if you do things unsafely. Drilling has been key to our business turnaround and activity is already starting to add mine life to our key assets.

We are an owner miner who

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