Westgold Resources (AU:WGX) has released an update.
Westgold Resources Limited has announced a significant update in its Mineral Resource Estimate and Ore Reserves as of June 30, 2024, reflecting substantial growth in the company’s gold assets. The updated figures show a 60% increase in Mineral Resources to 13.2 million ounces and a 69% rise in Ore Reserves to 3.3 million ounces since the last fiscal year, marking the first Ore Reserve growth post depletion since 2017. The enhancements are attributed to successful exploration investments and a recent merger, with notable expansions at the Bluebird – South Junction and Starlight gold mines.
For further insights into AU:WGX stock, check out TipRanks’ Stock Analysis page.
