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Westgold Resources ( (AU:WGX) ) has shared an announcement.
Westgold Resources Limited has awarded a three-year underground mining contract for its Great Fingall mine to Barminco Limited, a leader in underground hard rock mining. This strategic move allows Westgold to redeploy its high-performing team and equipment to its larger mines, enhancing productivity and operational outputs. The contract with Barminco, chosen for its safety and efficiency, is expected to reduce execution risks and ensure a smooth transition to contract operations, with first production anticipated in early FY26.
The most recent analyst rating on (AU:WGX) stock is a Buy with a A$2.90 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 Limited is a company operating in the mining industry, primarily focusing on gold mining. The company manages several mining operations in Australia, including larger mines like Beta Hunt in the Southern Goldfields and Bluebird – South Junction in the Murchison.
Average Trading Volume: 5,826,109
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$2.75B
For a thorough assessment of WGX stock, go to TipRanks’ Stock Analysis page.