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An update from Western Gold Resources Ltd. ( (AU:WGR) ) is now available.
Western Gold Resources Limited has entered into a binding toll milling agreement with Wiluna Mining Corporation Limited for processing gold ore from its Gold Duke Project. This agreement, which spans 24 months with an option for a 6-month extension, allows WGR to utilize WMC’s Matilda Processing Plant, located 46km from the project site, to process the ore. This strategic move is pivotal for WGR as it transitions to gold production, with all necessary mining approvals and contractors in place, positioning the company to become a gold producer.
More about Western Gold Resources Ltd.
Western Gold Resources Limited (ASX:WGR) is a company operating in the gold mining industry, focusing on the development and production of gold resources. The company owns the Gold Duke Project located near Wiluna in Western Australia, and is transitioning from a developer to a gold producer.
Average Trading Volume: 476,472
Technical Sentiment Signal: Buy
Current Market Cap: A$21.01M
For a thorough assessment of WGR stock, go to TipRanks’ Stock Analysis page.