Australia's Westgold Resources rises on upbeat full-year production outlook

Westgold Resources

07/08/2025 03:17

** Shares of Westgold Resources WGX.AX rise 5.6% to A$2.915, set for their strongest session since June 13, if gains hold

** Stock is second-biggest pct gainer in the benchmark ASX200 index .AXJO, which is flat

** The gold producer forecasts FY26 gold production in the range of 345,000 – 385,000 ounces, up from 326,384 ounces of gold produced a year earlier

** Expects all-in sustaining cost for FY26 of between A$2,600 and A$2,900 per ounce, higher from A$2,666 per ounce last year

** Co says production is expected to be higher in H2 because the mining complex and third-party ore sources will ramp up later in the year

** YTD, stock is up 3%

 (Reporting by Kumar Tanishk in Bengaluru)

 ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))