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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

Comment by Rainman01on Sep 26, 2024 10:36am
185 Views
Post# 36242142

RE:RE:The knowledge of Westgold

RE:RE:The knowledge of Westgold We should be roughly 1 dollar per 100 thousand Oz produced if our aisc is inline and ours is. We have a expenditures of 238 million but that is to elevate Westgold to 450 thousand Oz. Next step is to go to 500 thousand Oz per year maybe 2 years away. We have a 50 million dollar budget for drilling and 19 drilling riggs owned by Westgold turning right now and it will probably bring in 1 million Oz per year in reserves and that is money well spent with rising gold prices. We will soon have 15 million Oz of reserves that would represent 500 thousand Oz a year for over the next 30 years. That in itself is impressive because miner's are running out of new gold and we are ramping up. I am sure I am leaving lots of important facts but I think you get where I am coming from. GLTA 
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