Westgold Resources Plans Expansion of Higginsville Processing Plant

Westgold Resources ( (AU:WGX) ) just unveiled an update.

Westgold Resources Limited has announced a Scoping Study for the expansion of its Higginsville Processing Plant from 1.6Mtpa to 2.6Mtpa. This expansion aims to enhance operating margins by reducing processing costs and increasing gold production from 87kozpa to between 122kozpa and 160kozpa. The study indicates a financially compelling project with a mid-point IRR of 37% and a payback period of 2.1 years, largely funded by the sale of the Lakewood Processing Plant. The expansion is expected to bring forward significant cash flow and improve the company’s competitive positioning in the Southern Goldfields.

More about Westgold Resources

Westgold Resources Limited is a company operating in the mining industry, primarily focused on gold production. The company is based in Perth, Western Australia, and is listed on the ASX and TSX under the ticker WGX. Westgold’s operations are concentrated in the Southern Goldfields region, where it manages several mining projects, including the Higginsville Processing Plant.

YTD Price Performance: 5.01%

Average Trading Volume: 120,547

Technical Sentiment Signal: Sell

Current Market Cap: $1.84B

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