Westgold Resources Ltd (ASX:WGX)
A$ 2.54 0.12 (4.96%) Market Cap: 1.20 Bil Enterprise Value: 1.01 Bil PE Ratio: 18.41 PB Ratio: 1.86 GF Score: 66/100
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Q1 2024 Westgold Resources Ltd Activities Report Call Transcript

Oct 25, 2023 / 12:00AM GMT
Release Date Price: A$1.94 (-4.43%)
Unidentified Company Representative

Good morning, everybody. This is the Westgold Resources' September quarter FY24 conference call. The speakers for today are Wayne Bramwell, Managing Director; Tommy Heng, CFO; Phillip Wilding, COO; and Matthew Pilbeam, GM, EH&S.

I'll now hand over to Wayne to start the presentation.

Wayne Bramwell
Westgold Resources Limited - MD

Good morning, everyone, and welcome to today's webcast. Let's go straight to slide 3. Q1 FY24 overview, the trend of cash build continues. We had a fantastic quarter at Westgold in the first quarter. Most importantly, we maintained our cost management and added $25 million to our cash, bullion and liquids balance, which now takes our treasury to $217 million in cash.

We have strong three cash flow generated quarters in a row together and managed to build $58 million over the period. Considering where the business was in the start of FY23, we're really pleased by what we've been able to achieve.

In regards to safety, it was another solid quarter. We have managed to maintain the

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