BUZZ-Westgold Resources tops losses on ASX 200 after production forecast cut

Reuters

2025/02/03

** 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;))

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