Westgold Resources tops losses on ASX 200 after production forecast cut

Westgold Resources

03/02/2025 24:01

** Shares of Westgold Resources  WGX.AX  fall as much as 14%
to A$2.220, their lowest since May 31, 2024
    ** WGX top loser on ASX 200 benchmark index  .AXJO 
    ** Gold producer trims FY25 production forecast to between
330,000 and 350,000 ounces, from 400,000 to 420,000 ounces
previously expected
    ** Forecast revised after slower-than-planned ramp-up of its
Beta Hunt and Bluebird-South Junction mines due to engineering
issues
    ** Stock was down 8.8% YTD, as of last close

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))