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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 Nov 18, 2024 8:06am
66 Views
Post# 36317647

RE:Somewhat surprising

RE:Somewhat surprisingOne would think Westgold would rise to a true value of a outstanding mid tier producer. We have all the right boxes tick off for a company that should out perform most other gold producers at 500 thousand Oz per year. I just finished re reading all the drilling updates and it is very promising from all areas of the company and with plans to quickly turn the resources into gold Oz. The biggest thing to remember is we have vast amounts of land that is rich in gold and that we keep hitting pay dirt on every hole. With gold holding and maybe heading higher our market capital has to be recognized sooner or later. One thing that I believe that is going to happen for sure is after the mill expansions and we get running on all cylinders we will be looking at a fat dividend for hanging around and that in my opinion will thrust our share price higher. I also think that some day we could trade higher on the Canadian exchange without Australia always leading the stock higher but it seems that we can definitely go lower without them. Good luck and holding. 
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