Westgold Resources (ASX:WGX) reported a group quarterly production of 88,022 ounces of gold in the fiscal fourth quarter ended June, up almost 10% from the 80,107 ounces it reported in the prior quarter, according to a Wednesday Australian bourse filing.
The firm attributed the increase to access to higher grade stopes at Bluebird-South Junction and the Galaxy lodes at Starlight at its Murchison operations in Western Australia.
All-in sustaining cost for the fiscal Q4 was AU$2,688 per ounce, compared to AU$2,829 per ounce in the fiscal third quarter, as a result of increased mining activity and gold production.
It sold 71,500 ounces of gold in the period, achieving a record price of AU$5,174 per ounce, generating AU$370 million in revenue.
Its shares rose 3% in recent trading on Wednesday.
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