Westgold and Karora Merge to Form Gold Mining Powerhouse

Karora Resources (TSE:KRR) has released an update.

Westgold Resources Limited and Karora Resources Inc. have successfully completed a merger to form a prominent mid-tier gold production company, anticipated to be dual listed on both the ASX and TSX. The merged entity boasts of becoming one of the largest unhedged gold producers in Australia, with a combined market capitalization of around A$2.5 billion and is expected to provide investors with significant exposure to gold prices through its diverse asset portfolio and a robust balance sheet.

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