Westgold Resources (ASX/ TSX: WGX)
Advised it has executed a gold ore purchase agreement between its subsidiary, Big Bell Gold Operations Pty Ltd, and Zeus Mining Pty Ltd, an entity owned by New Murchison Gold Limited (ASX: NMG).
Under the terms of the OPA, Westgold has agreed to purchase between 30,000 and 50,000 tonnes of gold ore per month from NMG’s planned open pit operation at Crown Prince. Continue reading
Westgold Resources (ASX: WGX)
Reported a 107% increase in the Ore Reserve at its Bluebird – South Junction mine near Meekatharra, Western Australia. to 7.2Mtpa at 2.5g/t for 573k ounces of gold. Continue reading
Mining Review 24th November 2024
The Swiss Mining Institute Conference in Zurich was a lively affair, with a good number of investors participating.
Orla Mining’s purchase of the Musselwhite operating mine was the big news of the week. Continue reading
Westgold Resources (ASX / TSX: WGX)
Announced a Mineral Resource Estimate update for the Bluebird – South Junction mining complex within Westgold’s Murchison business at Meekatharra.
The Bluebird – South Junction Mineral Resource Estimate (MRE) grows to15Mt at 2.9g/t Au for 1.4Moz – a 37% increase. Continue reading
Westgold (ASX / TSX: WGX)
Reported that the Starlight Mineral Resource Grew by 91%, with 12.9Mt @ 2.7g/t Au for 1.13Moz demonstrates potential for production growth and extended mine life. Continue reading
Westgold Resources (ASX / TSX: WGX)
Provided an update from ongoing resource development drilling at its Bluebird-South Junction mining complex in Meekatharra, Western Australia.
A record Polar Star Lode drill intercept of 13.71m @ 18.02g/t Au – from 563.00m (including 5.85m @ 36.37g/t Au from 567.00m) for 247 gram-metres. Continue reading
Mining Review 20th October 2024
A week of highs and lows, with Orla Mining and Westgold announcing positive production updates, and Calibre Mining and West Red Lake Gold issuing disappointing news to dampen the mood in a week where gold reached a new all-time high price of $2,720. Continue reading
Westgold Resources (ASX / TSX: WGX)
Provided preliminary production results for Q1 FY25.
The Company produced a record 77,369 ounces of gold from its expanded portfolio, achieving an average sale price of $3,723/oz. Continue reading
Market Review September 2024
The featured company is Westgold (ASX / TSX: WGX)
The review contains news about watchlist companies making news in the last month. These included a takeover bid for American Creek, and a gold discovery for Calibre Mining. Continue reading
Westgold (ASX / TSX: WGX)
Published an updated corporate update showing the new company after the Karora Resources acquisition recently.
The Karora acquisition transformed West gold into a top 5 Australian gold producer with a market cap around A$1.8 billion. Continue reading
Westgold (ASX: / TSX: WGX)
Provided an update in relation to recent mining activities at the Western Flanks orebody at Beta Hunt.
Sediment hosted coarse gold mineralisation confirmed within Western Flanks
Provides significant production upside potential. Continue reading
Mining Review 8th September 2024
The major news this week was Ascot Resources placing their mine into care and maintenance so soon after opening the mine for production.
G Mining Ventures declared commercial production at TZ, and Westgold commenced mining at South Junction. Continue reading
Westgold Resources (ASX / TSX: WGX)
Announce the commencement of mining of the South Junction Lode within the Bluebird-South Junction mining complex at Meekatharra.
Ramp up targets a 100kt per month run rate for the Bluebird-South Junction mine by Q3 FY25. Continue reading
Mining Review 25th August 2024
Gold hit another new (nominal) all-time high during the week.
Aris Mining, Calibre Mining, and Westgold announced positive drill results. Continue reading
Westgold (ASX / TSX: WGX)
Provided an overview of the Beta Hunt mine and update in relation to the ongoing Stage 3 Resource Definition drilling program being undertaken at the Fletcher Zone discovery within the Beta Hunt operation at the Company’s Southern Goldfields Operations. Continue reading
Westgold Resources (ASX / TSX: WGX)
Presented the maiden Ore Reserve for its South Junction mine.
South Junction is a part of a broader Bluebird – South Junction mining complex which is becoming the primary ore source for the Bluebird processing hub at Meekatharra with a 1.2Mtpa run rate targeted from Q3, FY25. Continue reading
Mining Review 4th August 2024
Karora Resources has traded on the TSX for the last time, after the completion of its merger with Westgold.
Capricorn Metals announced their KGM with a positive upgrade. Continue reading
Westgold Resources (ASX: WGX)
Updated in relation to the proposal to acquire 100% of the issued and outstanding common shares of Karora Resources Inc. by way of a court-approved plan of arrangement under the Canada Business Corporations Act.
On 17 July 2024, Westgold received written confirmation from the FIRB that the AustralianGovernment has no objection to the Transaction under the Foreign Acquisitions and Takeovers Act 1975. Continue reading
Karora Resources Inc. (TSX: KRR)
Announced that Institutional Shareholder Services (“ISS”), a leading independent proxy advisory firm, released a repor recommending that Karora shareholders vote in favour of the previously announced statutory plan of arrangement with Westgold Resources Limited. Continue reading
Karora Resources (TSX: KRR)
Announced that it has filed and is in the process of mailing the management information circular and related materials for the annual general and special meeting of shareholders of Karora to be held on July 19th, 2024. Continue reading
