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Westgold Resources ( (AU:WGX) ) just unveiled an announcement.
Westgold Resources Limited has announced a substantial increase in its Mineral Resource Estimate and Ore Reserves as of June 2025, with a 24% growth in gold resources to 16.3 million ounces and a 5% increase in ore reserves to 3.5 million ounces. This growth is attributed to significant investments in exploration and resource development, including a $43 million investment in FY25. The company plans to continue its focus on organic growth and resource conversion, aiming to sustain its operations and generate long-term cash flow over a 10-year reserve life.
The most recent analyst rating on (AU:WGX) stock is a Buy with a A$3.75 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 based in Perth, Western Australia, primarily focused on gold exploration and production. With a significant presence in the Southern Goldfields and Murchison regions, the company is dedicated to expanding its gold resources and reserves through strategic exploration and development activities.
Average Trading Volume: 5,164,939
Technical Sentiment Signal: Buy
Current Market Cap: A$3.25B
For an in-depth examination of WGX stock, go to TipRanks’ Overview page.