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The latest update is out from Westgold Resources ( (AU:WGX) ).
Westgold Resources has updated its FY25 production and cost guidance due to slower than planned ramp-ups at its Beta Hunt and Bluebird-South Junction mines, caused by engineering challenges. Despite these delays, Westgold is focusing on capital investment to remove productivity constraints and anticipates higher production in the second half of FY25, adjusting its production guidance to between 330,000 and 350,000 ounces, with an all-in sustaining cost of $2,400 to $2,600 per ounce.
More about Westgold Resources
Westgold Resources Limited is a mining company primarily engaged in the extraction and production of gold. The company focuses on long-term sustainable growth and increasing free cash generation, with major operations in the Beta Hunt and Bluebird-South Junction mines.
YTD Price Performance: -15.99%
Average Trading Volume: 70,939
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.49B
For a thorough assessment of WGX stock, go to TipRanks’ Stock Analysis page.
