Westgold Resources Ltd (AU:WGX) has released an update.
Westgold Resources Ltd reports a robust Q3 FY24 with a $9M increase in cash and bullion, totaling $247M in treasury, despite operational challenges including weather impacts and paused mining at Paddy’s Flat. Gold production for the quarter was 52,100oz at an increased AISC of $2,492/oz, and the company announced a strategic merger with Karora Resources aimed at establishing a top-tier Australian gold miner. Westgold remains debt-free and has paid an interim dividend of 1 cent per share, reinforcing its commitment to profitability and shareholder value.
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