Westgold Resources Lowers Fiscal 2025 Production Guidance; Shares Fall 11%

MT Newswires Live

Feb 03, 2025

Westgold Resources (ASX:WGX) reduced its fiscal 2025 gold production guidance as the ramp-ups of the Beta Hunt and Bluebird-South Junction mines in Western Australia were slower than planned due to engineering issues, according to a Monday Australian bourse filing.

It now expects to report production of 330,000 to 350,000 ounces at an all-in-sustaining cost of AU$2,400 to AU$2,600 per ounce.

The company earlier expected production of 400,000 to 420,000 ounces at an all-in-sustaining cost of AU$2,000 to AU$2,300 per ounce.

It also expects growth capital of AU$200 million, compared with an earlier guidance of AU$235 million.

The firm's shares fell past 11% in recent trading on Monday.

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