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The latest announcement is out from Western Gold Resources Ltd. ( (AU:WGR) ).
Western Gold Resources Limited has made significant progress in advancing its Gold Duke Project towards production. Key developments include selecting a preferred mining contractor, raising $720,000 through a share placement, and identifying high-potential mining opportunities to extend the project’s life. Additionally, the company raised over $1 million post-quarter to support ongoing project advancement, including finalizing gold processing options and updating the Scoping Study. These efforts are aimed at accelerating the project’s development and enhancing its market positioning.
More about Western Gold Resources Ltd.
Western Gold Resources Limited is a company operating in the mining industry, focusing on gold exploration and development. Its primary project is the Gold Duke Project, located within the Joyners Find Greenstone Belt, which is aimed at advancing towards production. The company is engaged in activities such as mining contracting, capital raising, and resource estimation to enhance its operations.
YTD Price Performance: 66.67%
Average Trading Volume: 421,172
Technical Sentiment Signal: Sell
Current Market Cap: A$9.48M
For detailed information about WGR stock, go to TipRanks’ Stock Analysis page.