West Gold Will Go LookingWestgold is now just $0.90, after taking a $175 m impairment.
Forecast 2022-23 production to decline by nearly 20 % and ASIc will continue to rise to over $2000.
Underground mines are more expensive oweing to high mining costs which are twice that of open pit.
High diesal prices have exacerbated those costs...and WestGold is mostly U/G mining.
They have over $175 m in cash.
In my opinion, they will seek to acquire a low cost producing mine and/or more open pit deposits close to their mills which now have excess unused capacity.
MMY meets both requirements..