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Wayne Bramwell

Managing Director & CEO, Westgold Resources

Search every verified Wayne Bramwell interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Wayne Bramwell, Managing Director and CEO of Westgold Resources, has been presenting the company's financial and operational results across investor webcasts, conferences, and media interviews. In FY26, he reported record gold production of 387,000 ounces at an all-in sustaining cost of $2,841 per ounce, which he said grew the company's treasury from $575 million to $939 million in cash, bullion, and liquid investments. He also discussed the company's first share buyback program, initiated during FY26, alongside dividends as mechanisms for returning capital to shareholders. Bramwell described Westgold as an unhedged, debt-free ASX 100 mid-tier gold producer operating seven underground mines and four processing plants in Western Australia, and outlined a three-year outlook targeting 470,000 ounces of annual production by FY28 with falling costs. Bramwell has also spoken about portfolio simplification and growth initiatives. He discussed the planned divestment of non-core assets and the demerger of the REEdy and Comet assets into a new ASX-listed company called Valiant Gold, with Westgold retaining a 44-48% cornerstone equity position. He highlighted expansion projects including the Higginsville processing plant and the Bluebird South Junction underground mine, and noted the company's focus on converting resources to reserves through drilling. In interviews, he commented on gold market conditions, stating he saw no slowdown in central bank buying and described the current Australian gold price as maintainable in the short term. He also discussed industry challenges such as labor shortages and energy costs, noting Westgold's shift from diesel to gas and solar power at its processing plants.

Recent appearances

Verified interview transcripts

Notable quotes

“In terms of gold demand, I can't see a slowdown in Central Bank buying. Retail buying I think will come and go. But again, Central Bank buying has never been stronger. In terms of prices, I wish my crystal ball was better. But, as I sit here and look at the business now, we see a gold price of 6,000 AUD is sick or where we are now is something which is maintainable over the short term. If it drops back to 5,000 AUD, ”

“When investors look at North American gold companies and Australian gold companies, they see two very different things. A North American gold company or a gold operation maybe has a minimum of a 10-year mine life. And North American investors will go if it doesn't have a 10-year mine life, well why? And they look at Australian gold companies and they may well all of these companies and these projects on face value ma”

“The owners of the processing plants now have strategic power. If you're trying to build a new processing plant in Australia, depending where you are, if you are an explorer moving to producer, that journey can be 10, 12 years. If you're an advanced explorer and you've got a very good resource, maybe there's a 3-to-6-year timetable to go through permitting, native title, environmental approvals, financing, raising deb”

“Hedging is often something which as a mine operator or company operator is forced upon you by bankers. If you're loaning someone else's or you're borrowing funds to for a large capital project that and you need to loan that money from a bank, they're going to want security. For them in some sense, the hedging is a security. So they you are guaranteed you are locking in a price to sell that gold and then the banks wil”

“We sold gold on Monday this week at $7,01. We put in a sell order above where the spread was at 701 and it got hit on Monday. And I said to the CFO, I go, 'Man, can you believe this?' Cuz I remember when gold broke Aussie gold broke 2500. Him and I high-fiving each other going, 'We never thought we'd see 2500 Aussie gold in our lives.' And the business was starting going through that transformation phase, and that wa”

“The three-year outlook is conservative by design and has material upside. There are a summary of initiatives that the West Gold team is actively advancing that could see us outperform the three-year outlook. Those initiatives include further expansion of the Bluebird South Junction underground, improvements in operational performance, specifically in our underground fleet productivity, an expansion of the Higginsvill”

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