0002 GMT - Westgold Resources looks hard pressed to meet annual gold-output targets after a soft 2Q, according to Euroz Hartleys. Westgold produced 158,255 oz of gold in 1H, falling well short of the bank's 187,000 oz forecast. That means Westgold now needs to produce some 246,000 oz of gold in 2H to meet its own annual guidance. Doing so involves a some 60% improvement on 1H output. "We do not believe the company will meet either cost, or production guidance in FY 2025," analyst Kyle de Souza says. Euroz Hartleys cuts its price target on Westgold by 21% to A$2.37/share, but retains a hold call on the stock. Westgold is down 2% at A$2.52. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
January 29, 2025 19:02 ET (00:02 GMT)
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