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Westgold Resources ( (AU:WGX) ) just unveiled an update.
Westgold Resources Limited has recommenced mining at the historic Great Fingall Mine near Cue, Western Australia, marking a significant milestone in its operations. The revitalization of this iconic mine, which historically produced over 1.2 million ounces of gold, is expected to enhance Westgold’s production capacity by contributing high-grade ore to its Cue processing hub, alongside the output from the Big Bell mine. This strategic move is set to strengthen the company’s operational capabilities and create lasting value for shareholders, with an anticipated steady-state production by 2027.
The most recent analyst rating on (AU:WGX) stock is a Buy with a A$8.00 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 operating in the gold industry, primarily focused on extracting and processing gold ore. The company is known for its operations in Western Australia, particularly around the Cue region, where it manages significant mining projects like the Big Bell and Great Fingall mines.
Average Trading Volume: 4,566,119
Technical Sentiment Signal: Buy
Current Market Cap: A$5.43B
For detailed information about WGX stock, go to TipRanks’ Stock Analysis page.