WGX’s 3QFY25 production and cash flow was in line with our expectations. AISC were higher than we expected but was offset by lower growth capex. WGX has reiterated its FY25 guidance ranges, with our forecasts at the bottom end of the range for production and upper end of the range on costs. The production ramp up at Bluebird/South Junction presents the key risk to delivering into the guidance ranges in our view. New production from Great Fingall, Crown Prince and the ramp up of Beta Hunt underpin production growth into FY26 and beyond.
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