Business
Westgold (ASX:WGX) share price pops up on quarterly report // The Motley Fool Australia
The Westgold Resources Ltd (ASX: WGX) share price closed 2.12% higher at $2.41 today after the miner released its December 2020 quarterly report.
Let’s take a closer look at the results and the recent history that’s led to here.
A strong period for gold sales
Westgold reported gold production and sales of 65,214 ounces and 65,167 ounces respectively for the December quarter. Both of these numbers are in line with the company’s previously published guidance.
The company reported an 11% increase in operating cash flow quarter-to-quarter reaching $65 million. Westgold also increased its revenue by 11% quarter-to-quarter reporting a revenue of $156.4 million for the period.
During the quarter, no environmental breaches were filed…
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