Westgold Resources (AU:WGX) has released an update.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Westgold Resources has signed a gold ore purchase agreement with Zeus Mining, which could boost production at its Bluebird processing plant in Meekatharra. The deal, pending shareholder approval, involves purchasing 30,000 to 50,000 tonnes of gold ore monthly from the Crown Prince open pit operation, starting mid-2025. This strategic move is expected to enhance throughput and reduce production costs, benefiting shareholders of both companies.
For further insights into AU:WGX stock, check out TipRanks’ Stock Analysis page.