Shares of Westgold Resources fall as much as 9.2% to A$1.553, biggest intraday fall since June 6.

Australian gold miner forecasts FY24 gold production between 245,000 - 265,000 ounces, lower than their output of 257,116 oz in FY23.

Expects FY24 all-in-sustaining-costs between A$1,800 and A$2,000 per ounce, compared with FY23 AISC of A$1,999/oz.

Co sets production and cost guidance “conservatively”.

Targets exploration expense of A$25 mln in FY24.

Stock up 95.43% this year, as of last close, vs a 15.6% increase in the .AXGD index.

Westgold Resources is an Australian gold miner.