Western Gold Resources Ltd. (AU:WGR) has released an update.
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Western Gold Resources Ltd. has received approval from the WA Department of Energy, Mines, Industry Regulation and Safety for its Gold Duke Project’s open pit mining operations, marking a significant step towards production at a time of high gold prices. The project, which includes the Eagle, Emu, Golden Monarch, and newly approved Gold King deposits, promises a production target of 34,000 ounces of gold and an estimated cash surplus of $38.1 million. With this approval, the company is set to commence first-stage mining and explore processing options with nearby facilities.
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