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Bullboard - Stock Discussion Forum 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... see more

TSX:WGX - Post Discussion

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Post by MaterialsMan on Oct 14, 2024 5:51am

Any good?

Any opinions as to whether these numbers will get investors looking at buying into WGX excited?
Comment by schmidilein2713 on Oct 14, 2024 6:17am
well- we have to wait for real quarter figures to see (merger) costs, AISC, etc. A real boost & change in figuers should be visible with q3 figures, app. middle of April 2025. If only 90% of westgold 3.0 plan works out, we should see much higher share price 6-9 months from now, imo.
Comment by Rainman01 on Oct 14, 2024 10:05am
Yes we need to see financials to really see our merged success but there is alot of associated costs to consider. Our gold production is pretty well on track for a first combined quarter. We have spent alot of money to merge and also more to get our assets running on all cylinders. Once everything is up and running our capital expenses will drop and production will rise. This first quarter is just ...more  
Comment by amishelvis on Oct 14, 2024 6:09pm
I think the other two comment so far were solid,,correct.  The merger itself will take a few months of time for everyone to get used to eachother. Bringing some of the projects up to speed,,looks like 6-9 months. As far as this qtr's numbers influencing any buyers?? Good question..There might be some at the sideline, just making sure they dont drop the ball,,and now ready to start jumping ...more  
Comment by MVargas on Oct 15, 2024 12:46am
So far Karora has been a bit of a drag on the merged entity.  Q3 production was less than Q3 of 2023 and 2024 was supposed to be the ramp up year towards annual production of 200,000 oz/yr.  I think pre-merger WGX shareholders have to be thinking that they overpaid when currently the Karora assets are not contributing anywhere near 50% of the production.   I'm sure the ...more  
Comment by Rainman01 on Oct 15, 2024 1:37am
I would say both KRR and Westgold shareholders are going to benefit from this merger. The biggest reason for extending mine life and increasing grades will be Beta Hunt. I am very excited to see the numbers of 500 to 600 Oz per year producer . The value added to Westgold shareholders will be a real big deal. I would think our market capital should be about 4 billion at 400 thousand Oz per year so ...more  
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