Category: Stock Market

Aurelia Metals Ltd (ASX: AMI) recently released its third-quarter report, prompting the gold analysts at both Moelis and Shaw and Partners to take a closer look at the company.

Both have rated the company a buy and have bullish price targets on the gold producer. We’ll get to the details of those forecasts later.

Solid quarter

Firstly, let’s have a look at what Aurelia reported this week.

The company said it had produced 13,000 ounces of gold during the March quarter, as well as 600 tonnes of copper, 6,900 tonnes of zinc, and 4,300 tonnes of lead.

The company’s cash balance increased from $85.6 million at the end of December to $94.7 million at the end of March.

Aurelia also increased its full-year production guidance, saying gold production was now expected to come in at 45,000 to 50,000 ounces, compared with the previous guidance of 35,000 to 40,000 ounces.

Forecast copper production, however, reduced from 3,000 to 4000 tonnes to 2.5-3000 tonnes.

Growth capital spending would also be reduced to $45 to $60 million from $65 to $70 million, due to some deferrals.

Aurelia also said its process plant expansion project was on track to increase capacity from 800,000 tonnes per annum to 1.1 to 1.2 million tonnes per annum, with ramp-up planned throughout FY27.

Managing Director Bryan Quinn said regarding the quarter:

The March quarter delivered higher gold production of 13koz, free cash flow generation, and improved FY26 gold guidance. Costs were in line with guidance and free cash flow was generated after adding to restricted cash for rehabilitation bonds, investments in growth capital and payment of taxes. This was achieved while also building ROM stocks at Peak during the quarter, in preparation for production growth in future quarters. The March quarter also saw us progress the refinancing process, culminating in execution of a financing commitment letter as announced in early April. This materially strengthens the balance sheet and enhances liquidity, positioning Aurelia to execute its strategy with greater flexibility and confidence.

Consensus is that shares look cheap

The analyst team at Moelis said Aurelia’s quarterly was “reasonably consistent with our expectations”, and demonstrated that the company could generate meaningful cash flow while concurrently executing multiple growth initiatives.

They added:

If AMI can sustain the drumbeat of delivery, we expect the stock to progressively rerate – shedding the discount it has carried since the material downgrade in the middle of CY25. With favourable metal prices, the business is well placed to convert improving production outcomes into accelerating near-term cashflow.

Moelis has a buy rating and a price target of 42 cents on Aurelia shares, compared with 28 cents currently.

Meanwhile, the team at Shaw and Partners called it “another strong quarter”.

They noted that the company’s growth projects were on track, while the company was also looking for a new Chief Executive, which should also provide impetus.

Shaw and Partners has a 50-cent price target on Aurelia shares.

Aurelia Metals is valued at $448.8 million.

The post 2 brokers rate this ASX gold stock a buy, with 50% upside forecast appeared first on The Motley Fool Australia.

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• 3 reasons to buy Zip shares
• Liontown shares: Expansion works begin at Kathleen Valley
• Regis Healthcare names Andrew Kinkade as new CEO

Motley Fool contributor Cameron England has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The Zimplats Holdings Ltd (ASX: ZIM) share price is in focus today after the company reported a 56% quarterly drop in 6E metal production and a 29% rise in cash costs per ounce.

What did Zimplats report?

• Mined volumes: 2.09 million tonnes, down 1% from last quarter, up 17% year-on-year
• 6E metal in final product: 76,340 ounces, down 56% from last quarter, down 46% year-on-year
• Operating cash cost per 6E ounce: US$1,299, up 29% from last quarter, up 27% year-on-year
• Total operating costs: US$166.2 million, down 2% from last quarter, up 22% year-on-year
• Concentrator throughput: 1.93 million tonnes milled, down 6% from last quarter, up 15% year-on-year
• No dividend announced for the quarter

What else do investors need to know?

Zimplats recorded one lost-time injury for the March quarter, with corrective actions implemented as part of their zero-harm focus. Lower mining and milling volumes were mainly due to fewer operating days and planned maintenance shutdowns at the mills.

Final 6E metal production dropped sharply due to maintenance work on the smelter, but concentrate stocks have built up and are expected to be processed by the end of FY2026. Meanwhile, operating costs climbed year-on-year on higher open-pit activity, increased export fees, and rising labour and maintenance expenses.

What’s next for Zimplats?

Key development projects are progressing as planned, including the Mupani mine expansion towards its 2029 production target, smelter and solar power upgrades, and continued tailings storage improvements. The company aims to process the accumulated concentrate, supporting higher metal output later in the year.

Zimplats maintains its focus on safety and boosting efficiency. Completion of major projects like the solar expansion and smelter upgrade is expected to support more stable production and cost control in coming years.

Zimplats share price snapshot

Over the past 12 months, Zimplats shares have risen 39%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 8% over the same period.

View Original Announcement

The post Zimplats shares: Production dips and costs rise appeared first on The Motley Fool Australia.

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• Woodside Q1 2026 earnings: Revenue grows, Scarborough and Trion progress
• Liontown shares: Expansion works begin at Kathleen Valley
• Regis Healthcare names Andrew Kinkade as new CEO
• Codan FY26 earnings surge more than 60% on strong communications segment
• Capricorn Metals reports record cash flow and first dividend in March 2026 quarter

Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

The Woodside Energy Group Ltd (ASX: WDS) share price is in focus after the company released its first quarter 2026 report, revealing operating revenue of US$3.26 billion, up 7% from the prior quarter. Quarterly production reached 45.2 million barrels of oil equivalent (MMboe), with key assets like Pluto LNG achieving 100% reliability.

What did Woodside report?

• Operating revenue: US$3,261 million, up 7% from Q4 2025
• Quarterly production: 45.2 MMboe, down 8% due to seasonal weather
• Average realised price: US$63/boe, up 11% from Q4 2025
• Total sales volumes: 51.7 MMboe
• Capital expenditure: US$853 million; acquisitions: US$470 million
• Liquidity: approx. US$8.3 billion at 31 March 2026

What else do investors need to know?

Several major projects remain on schedule and budget. The Scarborough Energy Project was 96% complete at quarter-end, targeting first LNG cargo in Q4 2026, while the Trion oil project is 56% complete and aiming for first oil in 2028. Woodside assumed operational control at Beaumont New Ammonia, which exported its first cargo in February.

During the quarter, severe tropical cyclones affected Western Australian operations, temporarily reducing production, but all assets were safely restored. The company continued to progress portfolio changes, including the planned asset swap with Chevron and the upcoming transfer of Bass Strait assets from ExxonMobil.

What’s next for Woodside?

Woodside reaffirmed its full-year 2026 production, capital, and cost guidance. Key projects like Scarborough LNG and Trion oil remain on schedule, with Scarborough targeting first LNG cargo in Q4 2026. The company is also continuing its review for improved cost discipline and organisational efficiency under its new CEO.

Looking ahead, Woodside is focused on completing major turnarounds, advancing new energy projects like hydrogen, and progressing growth initiatives in LNG, ammonia, and oil. The company is maintaining a strong liquidity position while investing in both existing and emerging energy opportunities.

Woodside share price snapshot

Over the past 12 months, Woodside shares have risen 57%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 8% over the same period.

View Original Announcement

The post Woodside Q1 2026 earnings: Revenue grows, Scarborough and Trion progress appeared first on The Motley Fool Australia.

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• Zimplats shares: Production dips and costs rise
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• Capricorn Metals reports record cash flow and first dividend in March 2026 quarter

Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

Shares in Zip Co Ltd (ASX: ZIP) have been on a wild ride.

At the time of writing, the buy now, pay later (BNPL) stock is up an impressive 52% over the past month. Zoom out, though, and the picture gets more mixed, down 38% over six months, but still up 43% over the past year.

So, is this just another spike, or could there be more upside ahead for Zip shares? Here are three reasons some investors are getting bullish.

Strong results and upgraded guidance

Zip gave the market plenty to like with its Q3 FY26 results, released earlier this month.

The company delivered record cash EBTDA of $65.1 million, marking a 41.5% increase year on year. Growth wasn’t limited to profitability either. Total transaction volume climbed 22.5%, while total income rose 20.2%. That kind of across-the-board momentum matters for Zip shares.

Even better, management didn’t just celebrate the quarter; it lifted expectations. Zip upgraded its FY26 group cash EBTDA guidance to at least $260 million and reaffirmed its broader targets for the year.

In other words, the company isn’t just performing well; it’s confident the momentum can continue.

US growth story gaining traction

Zip’s expansion in the US is shaping up as a major growth driver.

The company expects US transaction volume to jump more than 40% in FY26, a standout figure in a competitive market. At the same time, group operating margins are forecast to remain above 18%, suggesting growth isn’t coming at the expense of profitability.

That’s a key point. BNPL players have often been criticised for chasing growth at any cost. Zip’s latest numbers indicate it may be finding a better balance. It’s scaling up while maintaining credit quality and margin discipline.

If that trend holds, it could significantly strengthen the investment case for Zip shares.

Analysts see up to 122% upside

Broker sentiment is firmly on the side of Zip shares.

According to TradingView data, 11 analysts currently rate the stock as a buy or strong buy, a clear vote of confidence in its outlook.

And the price targets are just as eye-catching. The average target sits at $3.83, implying potential upside of around 57% from current levels. Some analysts are even more optimistic, with the highest target coming in at $5.40. That points to a possible 122% gain over the next year.

Of course, price targets aren’t guarantees. But they do highlight how much room some experts believe Zip shares still have to run.

Foolish Takeaway

Zip shares have already staged a strong rebound, but the combination of solid earnings growth, expanding US operations, and bullish analyst sentiment suggests the rally might not be over.

As always, volatility is part of the package with high-growth stocks like Zip. But for investors comfortable with the risks, this could be one to keep firmly on the watchlist.

The post 3 reasons to buy Zip shares appeared first on The Motley Fool Australia.

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Motley Fool contributor Marc Van Dinther has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The Liontown Ltd (ASX: LTR) share price is in focus as the company announces early works and long-lead procurement are now underway for the planned expansion of its Kathleen Valley Lithium Operation. This marks the company’s first major step since its 2021 expansion study, with A$12 million committed to long-lead items and up to A$77 million expected before the final investment decision in Q1 FY2027.

What did Liontown report?

• Early works and procurement have commenced for the Kathleen Valley expansion project.
• Approximately A$12 million of capital committed to purchase a 5.5MW ball mill, with expenditure over the next year.
• Expected total cash expenditure for early works in FY2026 is between A$15–18 million.
• Total spending ahead of the final investment decision could reach up to A$77 million.
• Development will enable increased concentrate production and improved plant efficiency through debottlenecking.

What else do investors need to know?

Liontown is moving early to secure critical equipment and ramp up its expansion team, aiming to reduce risks linked to schedule delays and rising costs. The work program includes pre-development drilling, upgrading plant infrastructure, and improved mine services to support extra mining capacity.

This expansion study is focused on staged improvements, with each phase unlocking further production capability at Kathleen Valley. Details on future spending and expected output increases will be shared at the time of the final investment decision, targeted for the end of Q1 FY2027.

What did Liontown management say?

Managing Director and CEO Tony Ottaviano said:

The early works position Liontown to deliver additional spodumene concentrate production as we progress through each stage to capture a strengthening market. Expansion at Kathleen Valley is currently the most value-accretive growth available to Liontown, and these commitments lay the foundation for that growth and demonstrate our confidence in the market and the operation.

What’s next for Liontown?

Looking ahead, Liontown plans to keep developing the Kathleen Valley asset through staged growth and operational improvements. With early works now underway, the company is targeting increased production and enhanced plant performance over the next few years.

A final investment decision is expected by the end of Q1 FY2027, after which further details about capital costs and project outcomes will be released. Liontown’s strategy remains anchored on supporting strong lithium demand and building value for shareholders.

Liontown share price snapshot

Over the past year, Liontown shares have risen 316%, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 8% over the same period.

View Original Announcement

The post Liontown shares: Expansion works begin at Kathleen Valley appeared first on The Motley Fool Australia.

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• Zimplats shares: Production dips and costs rise
• Woodside Q1 2026 earnings: Revenue grows, Scarborough and Trion progress
• Regis Healthcare names Andrew Kinkade as new CEO
• Codan FY26 earnings surge more than 60% on strong communications segment
• Capricorn Metals reports record cash flow and first dividend in March 2026 quarter

Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

The Regis Healthcare Ltd (ASX: REG) share price is in focus today after the company announced the appointment of Andrew Kinkade as its new Managing Director and Chief Executive Officer. Kinkade joins Regis with an extensive leadership background in aged care, healthcare and finance.

What did Regis Healthcare report?

• Appointment of Andrew Kinkade as new Managing Director & CEO, commencing 20 July 2026
• Total fixed remuneration of $900,000 per annum, inclusive of superannuation
• Short Term Incentive of up to 50% of TFR and Long Term Incentive of up to 100% of TFR, subject to performance
• Sign-on equity award of $1.6 million in Performance Rights, subject to shareholder approval

What else do investors need to know?

Andrew Kinkade brings more than 20 years of experience across aged care, healthcare, private equity, and investment banking, most recently serving as Managing Director at Bupa Villages & Aged Care. He has been recognised for leading operational and cultural transformation, driving both growth and improved care standards.

Kinkade replaces Dr Linda Mellors, who will complete her notice period in June after leading the company for over six years. The board expressed its appreciation for Dr Mellors’ significant contributions and steady leadership throughout her tenure.

What’s next for Regis Healthcare?

Kinkade’s appointment signals a focus on operational transformation and strengthening Regis’s position in Australia’s aged care sector. The Board noted his track record of leading growth in regulated, people-focused businesses, which aligns with Regis Healthcare’s strategic objectives.

Shareholders will vote on key elements of Kinkade’s remuneration package, including his sign-on equity award, at the upcoming Annual General Meeting. The company expects a smooth transition and ongoing delivery on its growth plans.

Regis Healthcare share price snapshot

Over the past 12 months, Regis Healthcare shares have declined 2%, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 8% over the same period.

View Original Announcement

The post Regis Healthcare names Andrew Kinkade as new CEO appeared first on The Motley Fool Australia.

More reading

• Zimplats shares: Production dips and costs rise
• Woodside Q1 2026 earnings: Revenue grows, Scarborough and Trion progress
• Liontown shares: Expansion works begin at Kathleen Valley
• Codan FY26 earnings surge more than 60% on strong communications segment
• Capricorn Metals reports record cash flow and first dividend in March 2026 quarter

Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

Shares in Domino’s Pizza Enterprises Ltd (ASX: DMP) took another hit on Tuesday, tumbling 11% to $15.85.

That extends a rough run for investors. The ASX stock is now down around 25% year to date and roughly 38% over the past 12 months. By comparison, the S&P/ASX 200 Index (ASX: XJO) has climbed about 9% over the same period.

So, what’s going wrong, and do experts see a way back?

US weakness rattles confidence

The latest sell-off of Domino’s shares appears to have been triggered by an update from Domino’s Pizza Inc (NASDAQ: DPZ) on Monday.

The US business reported same-store sales growth of just 0.9%, falling well short of market expectations for a 2.3% increase. It also trimmed its full-year guidance, raising concerns about demand in a tough consumer environment.

That matters for Australian investors. While Domino’s Pizza Enterprises operates across multiple regions, the US update has spooked the market. Investors are increasingly worried that similar pressures — including cost-of-living constraints and softer discretionary spending — could be weighing on Domino’s operations globally.

In short, if the world’s largest Domino’s franchise is feeling the pinch, others might not be far behind.

Low valuation… for a reason?

After such a sharp decline, Domino’s shares are now trading on relatively low valuation multiples compared to historical levels.

At first glance, that might look like a bargain. But not everyone is convinced.

Bell Potter has initiated coverage with a hold rating and an $18 price target. While it acknowledges the cheaper valuation, it argues that the discount is justified given the company’s modest earnings growth outlook.

In other words, the market may not be overly pessimistic. It may simply be pricing in slower growth.

What next for Domino’s shares?

The broader analyst picture is mixed.

According to TradingView data, 10 out of 18 analysts rate the stock as a hold. Five see it as a buy or strong buy, while three recommend selling.

That split reflects the uncertainty surrounding the business. The average price target sits at $20.07, implying potential upside of around 27% from current levels. The most bullish forecasts suggest gains of nearly 80%, while the most cautious point to a further 18% downside, with a $13 target.

That’s a wide range and a sign that visibility is still limited.

Foolish Takeaway

Domino’s shares have been under heavy pressure, and the latest US update hasn’t helped sentiment.

While the stock now looks cheaper, the key question is whether earnings can stabilise and return to growth.

For now, analysts aren’t fully convinced. And until there’s clearer evidence of a turnaround, Domino’s may remain stuck between bargain territory and a potential value trap.

The post Down 38%: Are Domino’s shares ready to recover? appeared first on The Motley Fool Australia.

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Motley Fool contributor Marc Van Dinther has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Domino’s Pizza Enterprises. The Motley Fool Australia has recommended Domino’s Pizza Enterprises. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The Codan Ltd (ASX: CDA) share price is in focus today after the company announced it expects FY26 EBIT to hit $235 million and NPAT to reach $170 million, both up more than 60% from last year.

What did Codan report?

• FY26 EBIT expected to be approximately $235 million
• Net profit after tax (NPAT) anticipated at around $170 million, up over 60% year-on-year
• Communications business revenue growth to finish at the top end of the 15–20% targeted range
• Communications segment profit margin expected to reach 30% in FY26, ahead of schedule
• Minelab revenue in 2H FY26 tracking ahead of a strong first half

What else do investors need to know?

Codan’s Communications business has been the standout, thanks to sustained demand from defence customers and growth in software-defined radios (SDRs). The Command-and-Control (Zetron) division is on track to deliver steady revenue across both halves of the year.

Minelab, Codan’s gold detection arm, has performed strongly, benefitting from a high gold price and new product success. The company has confirmed its second-half results should exceed those delivered in the first half.

What’s next for Codan?

Investors can expect Codan to release its full-year FY26 results on 20 August 2026. Management is also working toward maintaining strong momentum, with a particular focus on sustaining margins and capitalising on technology-driven solutions across its business.

The group plans to keep building on its communications and gold detection strengths to support ongoing profit growth in FY27 and beyond.

Codan share price snapshot

Over the past 12 months, Codan shares have risen 133%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 8% over the same period.

View Original Announcement

The post Codan FY26 earnings surge more than 60% on strong communications segment appeared first on The Motley Fool Australia.

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• Liontown shares: Expansion works begin at Kathleen Valley
• Regis Healthcare names Andrew Kinkade as new CEO
• Capricorn Metals reports record cash flow and first dividend in March 2026 quarter

The Capricorn Metals Ltd (ASX: CMM) share price is in focus today after the company reported a strong March quarter, with $143.1 million in operating cash flow—a new quarterly record—and a maiden interim dividend of 5 cents per share.

What did Capricorn Metals report?

• Gold production for Q3 FY26: 30,358 ounces (Q2: 30,476oz)
• All-in-sustaining cost (AISC) for Q3: $1,617 per ounce (Q2: $1,627/oz)
• Revenue from gold sales: $204 million on 29,009 ounces sold at $7,034/oz
• Record quarterly cash flow from operations: $143.1 million (Q2: $122.4m)
• Cash and gold on hand at 31 March: $507.6 million
• Maiden fully franked interim dividend: 5 cents per share, totalling $22.8 million

What else do investors need to know?

The company says it remains on track for the upper end of its FY26 production guidance—115,000 to 125,000 ounces at an AISC of $1,530 to $1,630 per ounce. Year-to-date gold production totals 93,152 ounces at an AISC of $1,623 per ounce.

Development of the Karlawinda Expansion Project (KEP) progressed well, with key infrastructure largely complete and commissioning targeted for Q1 FY27. Capricorn also continues to advance environmental permitting and planning at the Mt Gibson Gold Project (MGGP), alongside an active exploration program.

Gold exploration at MGGP and KGP delivered high-grade results, expanding the potential for long-term underground operations. The company highlighted strong drill intercepts and continued investment in both brownfields and greenfields exploration across its tenements.

What’s next for Capricorn Metals?

Capricorn expects to maintain current mining and development momentum, with the KEP on track for completion and ramp up in the coming financial year. The expanded plant is expected to lift sustainable production to around 150,000 ounces per year once commissioned, with detailed FY27 guidance to follow completion.

The board’s maiden dividend reflects Capricorn’s strong balance sheet and confidence in self-funding growth from internal cash flows, even as investment continues across development and exploration.

Capricorn Metals share price snapshot

Over the past 12 months, Capricorn Metals shares have risen 23%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 8% over the same period.

View Original Announcement

The post Capricorn Metals reports record cash flow and first dividend in March 2026 quarter appeared first on The Motley Fool Australia.

More reading

• Zimplats shares: Production dips and costs rise
• Woodside Q1 2026 earnings: Revenue grows, Scarborough and Trion progress
• Liontown shares: Expansion works begin at Kathleen Valley
• Regis Healthcare names Andrew Kinkade as new CEO
• Codan FY26 earnings surge more than 60% on strong communications segment

Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

The Westgold Resources Ltd (ASX: WGX) share price is in focus today after the company reported a $285 million underlying cash build for March 2026, increasing its treasury to $856 million and keeping FY26 gold production guidance on track.

What did Westgold Resources report?

• Gold production of 93,145 ounces in Q3 FY26 (288,500oz YTD)
• Gold sales of 69,900 ounces at a record $7,080/oz, delivering $495 million in revenue
• All-In Sustaining Cost (AISC) ex-OPA of $2,931/oz; AISC including OPA of $3,338/oz
• Underlying quarterly cash build of $285 million; net mine cash inflow $254 million
• Closing cash, bullion, and liquid investments of $856 million, up $202 million over the quarter
• Westgold remains 100% debt free, fully unhedged, and in the ASX 100

What else do investors need to know?

Westgold maintained its FY26 gold production guidance of 345,000–385,000 ounces despite slightly lower quarterly grades and volumes. The company noted production was supported by improvements in key mining assets, with developments at Bluebird–South Junction and Beta Hunt expected to accelerate mining rates by year-end.

Operationally, Westgold brought forward open pit mining in the Murchison region by three months, enhancing ore blends and mill utilisation. The company continued to invest in growth, spending $81 million on development projects and $13 million on exploration during the quarter.

Westgold approved the expansion of its Higginsville mill, a $145 million investment to lift capacity from 1.6Mtpa to 2.6Mtpa, supporting long-term growth in the Southern Goldfields. The company further streamlined its portfolio with the divestment of the Mt Henry–Selene and spin-out of Reedy and Comet, unlocking about $140 million in immediate shareholder value.

What did Westgold Resources management say?

Managing Director & CEO said Wayne Bramwell said:

Westgold delivered another strong quarter in Q3 FY26, with cash generation lifting treasury to $856M. Underlying quarterly cash build of $285M underpins a business that is continually building strength to internally fund growth and return capital to shareholders.

What’s next for Westgold Resources?

Westgold expects production rates to ramp up in Q4 FY26, with ventilation upgrades at Beta Hunt and Big Bell now complete and no major shutdowns planned. Management expects Bluebird–South Junction to reach mining rates of 1.0–1.2Mtpa and Beta Hunt to hit 2.0Mtpa by year-end, underpinning production targets.

The Higginsville Expansion Plan is underway, aiming to increase processing capacity and reduce unit costs from mid-FY28. The company’s strengthened balance sheet, new $600 million credit facility, and portfolio optimisation are expected to support both future growth and returns to shareholders.

Westgold Resources share price snapshot

Over the past 12 months, Westgold Resources shares have risen 102%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 8% over the same period.

View Original Announcement

The post Westgold Resources posts $285M quarterly cash build appeared first on The Motley Fool Australia.

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