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The latest update is out from Western Gold Resources Ltd. ( (AU:WGR) ).
Western Gold Resources Ltd. has successfully raised A$6.75 million through a heavily oversubscribed placement, receiving robust support from both domestic and international institutional investors. This capital raising, along with a deferred payment facility from SSH Mining, fully funds the company through to production, positioning it to commence mining at the Gold Duke Project by late Q4 2025. The project boasts strong financial metrics, with a rapid payback period and potential for mine life extension, underscoring its economic viability and leverage to higher gold prices.
More about Western Gold Resources Ltd.
Western Gold Resources Ltd. is a company operating in the mining industry, primarily focused on gold exploration and production. The company is advancing its Gold Duke Project, which is set to transition into production, supported by strong financial metrics and market confidence.
Average Trading Volume: 740,134
Technical Sentiment Signal: Buy
Current Market Cap: A$32.76M
For a thorough assessment of WGR stock, go to TipRanks’ Stock Analysis page.