Westgold Resources Limited revises its full year FY25 Production Guidance to 330-350koz due to slower than planned ramp-ups at its Beta Hunt and Bluebird-South Junction mines. The company attributes the delays to engineering upgrades necessary to enhance productivity and address historic underinvestment. Westgold remains confident in its long-term growth prospects and expects to achieve an annualised run rate of +400kozpa by Q4 FY25.
provides this update to its FY25 Production , All-In Sustaining Cost and Capital Guidance .Westgold's corporate strategy is to systematically recalibrate the business for long term sustainable growth and higher levels of free cash generation. The Beta Hunt and Bluebird-South Junction mines are the major drivers of growth, with capital investment and resource drilling in both assets key to leveraging this new scale and to reducing Group operating costs.
At Beta Hunt, production was adversely affected by the need to undertake significant upgrades of primary ventilation, mine pumping systems and clean water supply. Westgold's capital investment strategy is systematically removing these productivity constraints to deliver higher production in H2 FY25 and beyond.lodes was slower than planned as a result of upgrading the ground support regime.
Westgold's output will continue to improve across H2 FY25, with production in Q4 FY25 expected to reflect an annualised run rate of +400kozpa. Free cash flow and shareholder returns are our key performance indicators, and we are confident in the optionality our expanded portfolio now provides to deliver much higher levels of safe and profitable production into FY26 onwards.
Forward looking statements inherently involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance and achievements to differ materially from any future results, performance or achievements.
Mining Production Guidance Capital Investment Growth
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