News Articles for Westgold Resources

Westgold Resources will spin out a suite of non-core gold assets in the Murchison region into a standalone operation which will share a chair with Chalice Mining.

Westgold has returned the historic Great Fingall underground goldmine to production, more than a century after it was last in operation.

Westgold Resources has emerged as the potential buyer of a workers accommodation village from the Shire of Coolgardie, at a cost of more than $22 million.

GOLD WRAP: Goldminers Westgold Resources and Bellevue are both hopeful of a positive FY26, on the back of dealing with different challenges over the past 12 months.

Goldminer Westgold Resources will chase consistency over volume this financial year, after setting a production target below 400,000 ounces.

Goldminers are increasing the scale and size of their operations amid a record price environment fuelled by geopolitical tensions and economic uncertainty.

Two junior miners linked to contract mining veteran Brian Rodan have announced leadership changes today.

Defence and gold drove the growth in value of Western Australia's listed companies last financial year, fueled geopolitical uncertainty and economic instability.

A subsidiary of gold miner Westgold Resources has been fined for the second time in 16 months over workplace safety incidents, with the latest fine being one of the largest ever handed down.

Former Fortescue and Woodside Energy executive Fiona Hick has been appointed to the Barrenjoey board as its fourth non-executive director.

Westgold has outlined a $92 million plan to expand its Higginsville processing plant by one million tonnes per annum, which would be largely funded by the sale of its nearby mill.

Auric hopes to bring more of the yellow metal to market and take advantage of a growing gold price.

The price of gold saw out the work week above US$3,000 per ounce, driven to all-time highs amid a bull run fueled by global economic and geopolitical uncertainty.

Westgold Resources has sold its Goldfields-based Lakewood Mill to Black Cat Syndicate for $85 million.

Kalgoorlie contractor MLG Oz has secured $75 million worth of work from Westgold Resources for bulk haulage services between the miner's Goldfields operations.

Goldminer Westgold has conceded it won't hit the 400,000-ounce production target it set following last year's merger with Karora Resources, revising its guidance downward.

Westgold Resources is confident its production output will increase in the second half of the financial year, following a strong market reaction to its first half production figures.

GOLD WRAP: Westgold Resources boss Wayne Bramwell says the gold miner is in an ideal position, while Catalyst Metals also achieves higher production during the December 2024 quarter.

The move represents a relocation of the ASX-listed gold miner's Perth supply base.

Westgold Resources has made a solid start following its merger with Canada-based Karora Resources, producing a record 77,369 ounces of gold during the September 2024 quarter.

Our weekly appointments wrap includes Aaron Rankine, Ian Macliver, Carol Adams, Ashleigh Lyford, John Gillam, Suzanne Brown, and Romina Raschilla.

GOLD WRAP: De Grey Mining has trumpeted the economics of its Hemi project in a record gold price environment, while Genesis Minerals has restarted its Laverton mill ahead of schedule.

Ramelius Resources made three unsuccessful attempts to acquire Westgold Resources between October 2023 and April 2024, the Takeovers Panel has revealed.

GOLD WRAP: Westgold Resources, Red 5 and Genesis Minerals, each at the heart of gold's merger flurry, have unveiled last year's financial results.

Mid-tier goldminer Westgold Resources has released a maiden ore reserve for its South Junction project, within the broader Bluebird-South Junction complex near Meekatharra.

Mark Beyer and Jack McGinn discuss corporate governance at Fortescue and Qantas; Woodside's ammonia buy; all the news out of Diggers & Dealers; Iplex's class action; and a big week for global markets.

Remarks by Wayne Bramwell to Business News this time last year have proved somewhat prophetic, considering recent events in the Western Australian gold sector.

Ramelius Resources boss Mark Zeptner says he has moved on from the Westgold-Karora takeover saga but remains unhappy with the way the Takeovers Panel handled the situation.

Pilbara gold developer De Grey has refused to comment around speculation that it could be the target of rival interest, saying it is focused on developing its Hemi project.

The combined value of Western Australia's listed companies fell to $349.7 billion last financial year, propped up by the resurgent performance of the state's gold sector.

Mark Beyer and Mark Pownall discuss the week in lithium; construction issues; Fortescue's share price tumble; inflationary data; interest rates; house prices; CFMEU action; and Rex's plight.

Newly merged Westgold Resources and Karora Resources have lauded the timing of their deal to create a consolidated gold miner, after tying a ribbon on their transaction today.

GOLD WRAP: Rain fallout for Gold Road; enlarged Red 5's consolidated output above 450,000 ounces; and Westgold prepares for Karora.

GOLD WRAP: Kalgoorlie Super Pit owner Northern Star Resources generated gold production and cash flow records last financial year, but was impacted by constraints at its Yandal hub.

In a significant move poised to bolster the immediate direction of its multi-mineral pursuits, White Cliff Minerals has secured well-known mining mogul John Hancock as a strategic advisor to its board. The company has engaged the son of Australia's richest woman Gina Rinehart as it gears up for a substantial expansion of its project portfolio during the next year.

Westgold Resources has moved another step closer to its deal for Karora Resources, with the Canada-listed company's shareholders voting in favour of the transaction over the weekend.

This week's Bulls N' Bears Runner of the Week is … the ASX itself. The ASX 200 hit an all-time high of 8083.7 points, indicating to investors that there may just be green shoots and blue skies ahead. Small-cap companies that ran hard during a promising week included DGR Global, Labyrinth Resources, Miramar Resources and Stelar Metals.

Westgold has moved a step closer to its merger with Canadian-listed gold play Karora Resources, after its $1.2 billion deal was ticked off by the Foreign Investment Review Board.

A Westgold Resources subsidiary will pay more than $400,000 after a worker's arm was trapped in a conveyor at a processing operation in the state's Mid West.

WA gold merger aspirants Westgold and Karora will amend their $1.2 billion agreement at the direction of the Takeovers Panel, but a standstill clause on rival Ramelius Resources will remain.