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The latest update is out from Westgold Resources ( (AU:WGX) ).
Westgold Resources Limited has entered into a binding Asset Sale Agreement with Alicanto Minerals Limited to divest the Mt Henry-Selene Gold Project for $64.6 million. This divestment is part of Westgold’s strategy to focus on its larger, core operating assets, providing shareholders with a mix of cash and strategic shareholding in Alicanto. The transaction includes deferred considerations tied to specific project milestones, potentially unlocking further value for stakeholders.
The most recent analyst rating on (AU:WGX) stock is a Buy with a A$7.80 price target. To see the full list of analyst forecasts on Westgold Resources stock, see the AU:WGX Stock Forecast page.
More about Westgold Resources
Westgold Resources Limited is a mining company primarily focused on gold exploration and production. The company operates in the mining industry, with a strategic focus on optimizing its portfolio by concentrating on larger, core operating mines and processing hubs.
Average Trading Volume: 4,494,762
Technical Sentiment Signal: Buy
Current Market Cap: A$5.76B
Learn more about WGX stock on TipRanks’ Stock Analysis page.