2340 GMT - Westgold Resources may have retained its annual guidance following a soft 2Q, but Macquarie expects the miner to miss that target slightly. Westgold continues to expect production of 400,000-420,000 troy ounces of gold at an all-in sustaining cost of A$2,000-A$2,300/oz in FY 2025. "We note that year-to-date Westgold has produced 39% versus the mid-point of FY 2025 production guidance and 40% of the guidance bottom-end," Macquarie says. It now tips production of 395,000 oz at an all-in sustaining cost of A$2,334/oz. Still, its new assumptions require a 49% half-on-half lift in production, driven by the ramp up of the Bluebird underground mine, Beta Hunt and the addition of some ounces from the new Great Fingall mine in 4Q. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
January 14, 2025 18:40 ET (23:40 GMT)
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