Results for: ASX 200

Westgold Resources Limited, an Australian gold company, has reported record gold production for the first quarter of fiscal year 2025, fueled by the recent $1.4 billion merger with Karora Resources. The merger catapulted Westgold into the ranks of the top five Australian gold producers, and the company is now listed on the Toronto Stock Exchange and included in the S&P/ASX 200. Westgold produced 77,369 ounces of gold during the quarter, a significant increase from the previous quarter and the company’s highest quarterly production to date. This robust performance, combined with the successful integration of Karora’s assets, positions Westgold for continued growth and profitability.

The Australian share market is expected to have a positive start to the trading day, buoyed by a rise in US markets overnight. The ASX SPI 200 Futures are currently up 0.35%, signaling an increase of 27 points to 7,725. This upbeat sentiment follows strong corporate earnings in the US, with key indices posting gains.