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Westgold Resources Ord Shs T.WGX

Alternate Symbol(s):  WGXRF

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 Oct 17, 2024 10:31am
151 Views
Post# 36269865

RE:Dividend

RE:DividendYes we will see a dividend. Wayne Bramwell explained in the latest video that in the Australian market they like to see liquidity and dividends to be paid back to shareholders. I can find a number of 12% payout but I will not speculate the amount for now because of the ever rising gold prices and our rising production numbers and the coarse gold occurrences. The way the dividend has been paid out in the past is 2 times per year. One thing I can say is that when we hit 500 to 600 thousand Oz per year the dividends will be a worth while payout to loyal shareholders not to mention the rising share price. 
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