Shares in Australia’s Westgold Resources (ASX:WGX) increased as much as 2.5% to A$1.62.

The mining company confirmed its fiscal guidance for 2024.

Westgold stated it’s on track to achieve a FY24 gold output between 245,000 to 265,000 ounces.

The stock value of the company has seen an uptick of 80% this year, as recorded at the last close.

Westgold Resources is a prominent Australian mining company, specializing in the production and exploration of gold.