westgold
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Westgold Banks Value, Sharpens Focus With $64.6M Asset Sale
Westgold Resources agrees to sell the Mt Henry–Selene gold project for $64.6M, reinforcing its strategy to focus on larger, core operations while retaining upside exposure.
Mt Henry–Selene project sold to Alicanto Minerals for $64.6M.
Deal includes $15M cash, 19.9% strategic stake in Alicanto, and up to $30M deferred payments tied to milestones.
Sale follows Westgold’s broader move to divest non-core assets and streamline operations.
By monetizing non-core assets while keeping strategic equity exposure, Westgold strengthens its balance sheet without giving up long-term growth optionality.
#Westgold #GoldMining #MiningNews #AssetSale #GoldSector $PAXG
Westgold Resources agrees to sell the Mt Henry–Selene gold project for $64.6M, reinforcing its strategy to focus on larger, core operations while retaining upside exposure.
Mt Henry–Selene project sold to Alicanto Minerals for $64.6M.
Deal includes $15M cash, 19.9% strategic stake in Alicanto, and up to $30M deferred payments tied to milestones.
Sale follows Westgold’s broader move to divest non-core assets and streamline operations.
By monetizing non-core assets while keeping strategic equity exposure, Westgold strengthens its balance sheet without giving up long-term growth optionality.
#Westgold #GoldMining #MiningNews #AssetSale #GoldSector $PAXG
ترجمة
🚀 GOLD RUSH RELOADED: Westgold Fires Up Historic Great Fingall Mine! 🚀
Miners, get ready! Westgold Resources (ASX: $WGX.AX) has officially restarted high-grade gold mining at the iconic Great Fingall mine in Western Australia after more than a century!
🎯 First high-grade stope fired, accessing virgin areas of the famous gold reef.
📈 Forecast to supply ~500,000 tonnes per annum (tpa) of high-grade ore to the Cue processing hub.
🔥 This high-grade feed complements the bulk tonnage from the nearby Big Bell mine, targeting improved operating margins.
🕒 Ramp-up underway, targeting steady-state production by late FY27.
Why this matters: The original mine produced a staggering 1.2 million ounces at an average grade of 19.5 g/t between 1891 and 1918. Westgold is confident modern tech can unlock massive remaining potential.
Managing Director Wayne Bramwell calls it a "proud achievement," set to strengthen operations and create lasting shareholder value.
$WGX shares have already seen solid performance this year (up over 100% YTD!) and analysts are optimistic with an average target price above AU$6.80.
What are your thoughts on WGX's strategic move? 💬👇
#Westgold #ASX #WGX #Investing #Commodities $PAXG
Miners, get ready! Westgold Resources (ASX: $WGX.AX) has officially restarted high-grade gold mining at the iconic Great Fingall mine in Western Australia after more than a century!
🎯 First high-grade stope fired, accessing virgin areas of the famous gold reef.
📈 Forecast to supply ~500,000 tonnes per annum (tpa) of high-grade ore to the Cue processing hub.
🔥 This high-grade feed complements the bulk tonnage from the nearby Big Bell mine, targeting improved operating margins.
🕒 Ramp-up underway, targeting steady-state production by late FY27.
Why this matters: The original mine produced a staggering 1.2 million ounces at an average grade of 19.5 g/t between 1891 and 1918. Westgold is confident modern tech can unlock massive remaining potential.
Managing Director Wayne Bramwell calls it a "proud achievement," set to strengthen operations and create lasting shareholder value.
$WGX shares have already seen solid performance this year (up over 100% YTD!) and analysts are optimistic with an average target price above AU$6.80.
What are your thoughts on WGX's strategic move? 💬👇
#Westgold #ASX #WGX #Investing #Commodities $PAXG
ترجمة
🟨 Westgold Divests Mt Henry-Selene Gold Project for $64.6M
Westgold Resources Limited has sold its Mt Henry-Selene gold project for $64.6 million, continuing its strategy to divest non-core assets and sharpen focus on key production hubs.
• Sale value stands at $64.6M, strengthening Westgold’s balance sheet
• Mt Henry-Selene classified as a non-core asset within the portfolio
• Proceeds expected to support core operations and future growth initiatives
The divestment underscores Westgold’s disciplined capital strategy—monetising secondary assets to concentrate resources on higher-return, long-life gold operations.
#Westgold #GoldMining #MiningNews #AssetSale #MtHenrySelene $PAXG
Westgold Resources Limited has sold its Mt Henry-Selene gold project for $64.6 million, continuing its strategy to divest non-core assets and sharpen focus on key production hubs.
• Sale value stands at $64.6M, strengthening Westgold’s balance sheet
• Mt Henry-Selene classified as a non-core asset within the portfolio
• Proceeds expected to support core operations and future growth initiatives
The divestment underscores Westgold’s disciplined capital strategy—monetising secondary assets to concentrate resources on higher-return, long-life gold operations.
#Westgold #GoldMining #MiningNews #AssetSale #MtHenrySelene $PAXG
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