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Westgold Resources ( (AU:WGX) ) just unveiled an update.
Westgold Resources has completed the divestment of its Mt Henry-Selene Gold Project to Alicanto Minerals, with the total consideration rising to $110 million due to an increase in the value of Westgold’s 19.9% strategic shareholding in Alicanto. The deal aligns with Westgold’s strategy to simplify its extensive asset base by monetising non-core projects while retaining upside exposure through its Alicanto stake as the buyer launches a substantial 50,000m drilling program at Mt Henry.
The company signalled that further portfolio rationalisation is underway, with divestments of its Peak Hill and Chalice gold assets progressing and the planned IPO of spin-off Valiant Gold targeting a late March 2026 listing. Together, these moves are intended to sharpen Westgold’s operational focus, potentially enhance capital allocation, and finalise the reshaping of its asset portfolio for shareholders.
The most recent analyst rating on (AU:WGX) stock is a Buy with a A$9.90 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 is an Australian gold producer listed on the ASX and TSX, operating a large portfolio of gold assets in Western Australia. The company focuses on streamlining its holdings to concentrate on core, near-term production projects while extracting value from non-core and non-operational gold assets through divestments and equity stakes.
YTD Price Performance: 11.18%
Average Trading Volume: 3,436,305
Technical Sentiment Signal: Buy
Current Market Cap: A$6.76B
For detailed information about WGX stock, go to TipRanks’ Stock Analysis page.