Westgold Resources Down 4.5% as Gold Slump Squeezes ASX Miner
Westgold Resources Ltd heads into Wednesday’s ASX session after dropping 4.5% on Tuesday to close at A$4.67, which was the last price before regular trading restarted in Sydney. The ASX’s normal trading window is from 09:59:45 to 16:00 local time. Australian stocks fell Tuesday after the Monday market holiday, with the S&P/ASX 200 dropping 0.2% to 8,604.2. Gold stocks lost 4%. Evolution Mining ended down 3.7%. Northern Star Resources slipped 3.3%. Westgold’s drop matched a wider move in local gold shares.