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Westgold Resources ( (AU:WGX) ) has issued an update.
Westgold Resources Limited is set to demerge its non-core assets, the Reedy and Comet Projects, to form a new standalone company, Valiant Gold Limited, which will be listed on the ASX. This strategic move aims to unlock value from smaller assets and provide a fast track to cash flow through an Ore Purchase Agreement with Westgold, allowing Valiant to focus on exploration and development while Westgold retains a significant equity stake, ensuring continued benefit from future successes.
The most recent analyst rating on (AU:WGX) stock is a Buy with a A$7.80 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 in the mining industry, primarily focused on gold exploration and production. The company operates in the Murchison and Southern Goldfields regions of Western Australia, with a market focus on expanding its larger, core operating assets.
YTD Price Performance: 117.31%
Average Trading Volume: 4,475,490
Technical Sentiment Signal: Buy
Current Market Cap: A$5.76B
Find detailed analytics on WGX stock on TipRanks’ Stock Analysis page.