Westgold revises CY18 production guidance

Company News

by Anna Napoli

Gold mining company Westgold (ASX:WGX) has announced a production guidance update for the 2018 calendar year, putting its gold production at 275 thousand ounces.

The revised figure is due to a number of events including the $80 million dollar sale of its South Kalgoorie Operations last month.

Also impacting profits, the flooding of Meekatharra Gold Operations which has lowered ouput by around 8000 ounces.

Repairs to the Higginsville Gold Operations have also halted productivity.

The company says that growth to higher production in the future is still intact with production about to ramp up at the Big Bell Mine.

Shares in Westgold (ASX:WGX) closed 0.33 per cent higher to $1.53

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.