Westgold Resources (WGX) Opens the Market

Rhea-AI Summary

Westgold Resources (TSX: WGX), a leading unhedged gold producer, has marked its new listing on the Toronto Stock Exchange by opening the market. The company, led by Managing Director and CEO Wayne Bramwell, boasts assets capable of producing over 400,000 ounces annually. Westgold's operations are centered in Western Australia, where it holds 3,200 km² of highly prospective land.

The company's portfolio includes seven mines and five processing plants, positioning it for significant organic growth. Following a recent merger, Westgold anticipates potential for index inclusion, which could lead to increased shareholder returns. With its extensive land holdings and robust infrastructure, Westgold is well-positioned to capitalize on exploration opportunities and expand its production capacity.

Positive

• New listing on the Toronto Stock Exchange, potentially increasing visibility and liquidity
• Annual gold production capacity exceeding 400,000 ounces
• Extensive land holdings of 3,200 km² in Western Australia with high exploration potential
• Portfolio of seven mines and five processing plants
• Recent merger potentially leading to index inclusion and increased shareholder returns

Negative

• None.

Toronto, Ontario--(Newsfile Corp. - September 13, 2024) - Wayne Bramwell, Managing Director and CEO, Westgold Resources (TSX: WGX) ("Westgold" or the "Company"), and his team joined Rob Peterman, Chief Commercial Officer, Toronto Stock Exchange, to celebrate the Company's new listing on the Toronto Stock Exchange and open the market.

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Westgold stands as a premier, unhedged gold producer, boasting assets capable of an annual output exceeding 400,000 ounces. Located in Western Australia, Westgold's extensive 3,200 km² of highly prospective, under-explored land holdings present significant opportunities for discovery and growth. With a robust portfolio comprising seven mines and five processing plants, the company is well-positioned for substantial high-value organic growth. Additionally, following a recent merger, Westgold anticipates excellent rerate potential through index inclusion, setting the stage for elevated shareholder returns in the near term.

MEDIA CONTACT:
Peter Knight
Peter.Knight@westgold.com.au

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/223200

FAQ

What is Westgold Resources' (WGXRF) annual gold production capacity?

Westgold Resources has assets capable of producing over 400,000 ounces of gold annually.

Where are Westgold Resources' (WGXRF) operations located?

Westgold Resources' operations are located in Western Australia, where it holds 3,200 km² of highly prospective land.

How many mines and processing plants does Westgold Resources (WGXRF) own?

Westgold Resources owns seven mines and five processing plants.

What recent event did Westgold Resources (WGXRF) celebrate on September 13, 2024?

On September 13, 2024, Westgold Resources celebrated its new listing on the Toronto Stock Exchange by opening the market.