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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 MaterialsManon Dec 11, 2024 8:59am
64 Views
Post# 36356240

RE:RE:Top secret

RE:RE:Top secretThat stuff's above my pay grade. Just quoting what I read.
Interestingly, the pegged thing applies to ETFs big time but nobody seems to care much.
EG. some gold ETFs are fully backed by physical gold while some are merely pegged.
Same with crypto.
I don't quite understand where the money goes when someone buys a gold or crypto ETF that is merely pegged.
If the ETF is backed, the purchase price of the ETF goes into buying the underlying commodity.
Hence, purchasing commodity backed ETFs contributes to price increases in the underlying commodity.
Not true if pegged. Where does that money go? 

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