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Westgold Resources Ord Shs WGXRF


Primary Symbol: T.WGX

Westgold Resources Limited is a mid-tier gold producer and international gold company. The Company is engaged in the exploration, development and operation of gold mines, primarily in Western Australia. The Company owns and operates all of its underground and open pit mines. Its operations include Murchison Operations, Meekatharra Gold Operations (MGO), Cue Gold Operations (CGO), Bryah Operations, Higginsville Gold Operations, Spargos Gold Mine, Beta Hunt Mine, and Lakewood Gold Mill. The Murchison Operations are located around the regional towns of Meekatharra and Cue in the mid-west region of Western Australia and incorporate the Meekatharra and Cue Gold Operations. MGO is located around the regional town of Meekatharra and encompasses assets, including the historic gold mining centres of Meekatharra North, Paddy’s Flat, Yaloginda, Nannine and Reedy’s. CGO is located around the regional town of Cue and encompasses Westgold’s southern group of Murchison assets.


TSX:WGX - Post by User

Post by MaterialsManon Sep 05, 2024 6:22am
202 Views
Post# 36209343

info/proximity/potential

info/proximity/potentialNot sure when they updated the website, but it's informative to say the least.
Anyone seriously interested in evaluating the new Westgold could easily spend hours.
Looking at the scale of the operation, there are huge distances involved between projects. Nevermind the hundreds of kilometers to the office in Perth. The company must have a fleet of helicopters, although I havn't seen anything to indicate that.
Based on the project descriptions, I would conjecture that WGX could easily become a million plus oz. producer in the not too distant future.
Now the only thing that has to happen is for retail investors to recognize the potential, believe that gold will remain a sought after commodity, and take an interest in mining stocks.
When this happens, the sky is the limit.

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