WGX has pre-released production and cash balances earlier this month. The pre-released result was weaker than we had expected as the ramp up at Bluebird-South Junction was slower than we expected, which more than offset a stronger result at Beta Hunt vs our estimates. We have trimmed our forecasts for FY25, which now site 5% below the bottom end of the FY25 guidance range while our AISC forecast is now 6% above the upper end of the range. We remain confident that WGX can deliver improved production over the medium-term and reiterate our BUY rating, lifting our ASX and TSX price targets by 4% to A$5.40 and 7% to C$4.90, respectively.
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