Gold miner Westgold Resources said on Wednesday that production for the 2023 financial year had reached the top-end of its 240 000 oz to 260 000 oz guidance, with the miner delivering 257 116 oz in the full year.

"Westgold has delivered safe and profitable ounces for its shareholders in the 2023 financial year. Over the last 12 months we have improved our operational discipline, built balance sheet strength, and invested in our future through exploration and resource development,” said MD Wayne Bramwell.

“This turnaround is evidenced by two consecutive quarters of cash flow generation. Westgold commences 2024 debt-free and can internally fund organic growth opportunities such as the expansion of Big Bell and commencement of the iconic Great Fingall underground mine. Importantly our fixed forward hedges are complete in July and the company will be fully leveraged to the gold price from August, further enhancing our profitability in 2024.”

Full-year all-in sustaining costs are expected to be mid-range of guidance of between A$1 900/oz and A$2 100/oz.