Black Cat Syndicate Acquires Lakewood Mill for $85 Million

Black Cat Syndicate Ltd. ( (AU:BC8) ) has issued an update.

Black Cat Syndicate Ltd. has acquired the Lakewood Milling Operation from Westgold Resources Limited for $85 million, comprising $70 million in cash and $15 million in BC8 scrip. The acquisition includes the assumption of approximately $8 million in rehabilitation liabilities by Black Cat. This strategic divestment allows Westgold to consolidate its processing capacity and focus on expanding its Beta Hunt mine and Higginsville mill, aligning with its strategy to enhance operational outputs and reduce costs.

More about Black Cat Syndicate Ltd.

YTD Price Performance: 53.10%

Average Trading Volume: 3,477,497

Technical Sentiment Consensus Rating: Sell

Current Market Cap: A$517.6M

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