Australian miner Westgold Resources has commenced mining of the South Junction Lode within the Bluebird-South Junction mining complex at Meekatharra. Officials called the start of operations at the Western Australian site milestone, and is targeting a ramp up to 100,000 tonnes per month by the third quarter of next year. It has also eyed an expansion that would include multiple…
Read More
Westgold Resources and Karora Resources have merged to create a leading mid-tier gold producer operating exclusively in Western Australia with a pro forma market capitalization of A$2.5 billion. “Today marks the next phase of Westgold’s evolution into a larger, unhedged and well-funded Australian gold producer,” said Westgold Managing Director and CEO Wayne Bramwell. “Our value proposition is significantly enhanced with…
Read More
Westgold Resources and Karora Resources have agreed to merge via a plan of arrangement. The combined company will have a portfolio of Western Australian assets capable of producing 400,000-plus ounces annually. The announcement follows recent news that Australian gold miner Ramelius Resources had ended discussions to purchase Canadian-based, Western Australia-focused Karora. Under the merger terms, Karora shareholders will receive 2.524…
Read More
Westgold Resources confirmed the start of operations at the newest mine in its portfolio, Fender, near Cue in Western Australia. Read full article.
Read More
Four years on from its wet commissioning and plant refurbishment project, Westgold Resources’ Fortnum gold project has reached a production milestone: its 1,000th bar. Read full article.
Read More