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An announcement from Western Gold Resources Ltd. ( (AU:WGR) ) is now available.
Western Gold Resources Ltd. has signed a toll milling agreement with Wiluna Mining Corporation Limited to accelerate production at its Gold Duke Project. This agreement, along with rising gold prices and full mining approvals, positions the company to transition swiftly into gold production, leveraging the nearby Wiluna processing plant for efficient ore processing. The updated Scoping Study is expected to show significant financial returns, and the company is poised for potential expansion, enhancing its operational flexibility and cash flow.
More about Western Gold Resources Ltd.
Western Gold Resources Limited (ASX:WGR) is a company transitioning from an explorer to a gold producer, focusing on its 100% owned Gold Duke Project located in the Wiluna region of Western Australia. The company is involved in the mining industry, primarily dealing with gold extraction and production.
Average Trading Volume: 494,710
Technical Sentiment Signal: Buy
Current Market Cap: A$19.08M
See more insights into WGR stock on TipRanks’ Stock Analysis page.