Australia's Westgold Resources loses most in near 4 months on weak production

Westgold Resources

31/01/2024 01:11

** Shares of Westgold Resources  WGX.AX  fall as much as
6.8% to A$2.050, their biggest intraday drop since Oct 3 
    ** Co produces 59,238 ounces (oz) in Q2, down 6% from
previous quarter 
    ** Says there was a one-off non-cash impact on all-in
sustaining cost in Q2 of A$7 mln ($4.61 mln)
    ** Says non-cash impact as co implemented enhanced employee
retention and attraction programs 
    ** Co maintains FY24 production and cost outlook
    ** Stock up 0.9% YTD, as of last close 
   
   ($1 = 1.5186 Australian dollars)

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))