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Westgold Resources ( (AU:WGX) ) has issued an update.
Westgold Resources Limited is addressing speculation regarding the potential divestment of its non-core assets, in line with its strategic portfolio review. The company is considering selling the Lakewood processing facility to focus on expanding larger, cost-effective operations, which may enhance operational efficiency and cash flow. As the review is ongoing, Westgold commits to informing the market about any definitive agreements reached.
More about Westgold Resources
Westgold Resources Limited operates in the mining industry, primarily focusing on gold mining. The company is known for its large, low-cost processing plants and mines, positioning itself to maximize cash flow by reducing operating costs.
YTD Price Performance: -16.77%
Average Trading Volume: 80,028
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.47B
For detailed information about WGX stock, go to TipRanks’ Stock Analysis page.
