12:03 PM EST, 02/03/2025 (MT Newswires) -- (Updates shares.)

Westgold Resources ( WGXRF ) on Sunday revised downward its full-year 2025 production and growth capital guidance amid project delays.

The company now expects to produce 330,000 to 350,000 ounces, down from 400,000 to 420,000 ounces. Growth capital is now forecast at A$200 million, down from A$235 million.

All-in sustaining cost guidance was raised to A$2,400/ounce to A$2,600/ounce from the previous forecast of A$2,000/ounce to A$2,300/ounce.

Post-merger with Karora Resources, the production guidance was predicated on the ramp-up of the Beta Hunt mine to 2-million tonnes per annum and the Bluebird-South Junction mine to 1.2 Mtpa. However, the ramp-ups have been slower than planned, mainly due to engineering issues.

In allocating growth capital, projects delivering the highest return on investment will be prioritized. These projects include Beta Hunt, Bluebird-South Junction and Great Fingall.

Westgold shares were last seen down $0.21 to $2.08 on the Toronto Stock Exchange.

Price: 2.08, Change: -0.21, Percent Change: -9.17