Articles On Westgold Resources (ASX:WGX)

Title Source Codes Date
Gold Digger: An inflationary bomb is about to go off. It’s time to prepare for the next gold bull market

US Fed chair Jerome Powell finally admitted that inflationary pressures weren’t going to be as sh­­ort-lived as perhaps expected. Earlier this week Powell surprised markets by suggesting it would be appropriate to drop the phrase “inflation...

Stockhead WGX 5 days ago
Gold Digger: Gold’s renaissance was short-lived. Have prices bottomed out?

Following a 7.6% surge from late September, the price of gold briefly hit five-month highs of ~$US1,872/oz on fears that current high inflation levels are more than ‘transitional’. Gold is an ‘inflation hedge’; an investment that ostensibly...

Stockhead WGX 1 week ago
ASX 200 to open flat; Wall Street closed on Thanksgiving Day

Highlights Australian shares are expected to open largely flat on Friday. According to the latest SPI futures, the ASX 200 is expected to open the day 7 points or 0.1% lower. Wall Street was closed on Thursday for the Thanksgiving hol...

Kalkine Media WGX 1 week ago
5 things to watch on the ASX 200 on Friday

On Thursday, the S&P/ASX 200 Index (ASX: XJO) fought very hard to record a small gain. The benchmark index rose 0.1% to 7,407.3 points. Will the market be able to build on this on Friday? Here are five things to watch: ASX 200 expected...

Motley Fool WGX 1 week ago
Trading Places: Which recent ASX IPO saw investees top up their holdings on market?

Trading Places is Stockhead’s recap of the buys and sells of ASX small cap shares by fund managers and other famous investors over the last fortnight. Specifically, Stockhead tracks substantial shareholder movements, being shareholders hold...

Stockhead WGX 1 week ago
Gold Digger: These cheap gold stocks might not last long

Following a 7.6% surge from late September, the price of gold is now sitting ~$US1,860/oz for the first time since June. The Aussie price is looking even better, which is great news for our local producers: USD (dark) and AUD (light) gold p...

Stockhead WGX 2 weeks ago
E79 Gold Mines identifies prospective area, increases drilling to 25,000m

West Australian-based explorer E79 Gold Mines (ASX: E79) has identified a potential intrusion from preliminary gravity survey at its Pinjin joint venture at Laverton South. The company, which listed recently after a $7 million initial publi...

SmallCaps WGX 2 weeks ago
Gold Digger: Prices lift off on growing inflation

Growing concerns about inflation could send gold prices soaring back above the US$2,000 ($2,746) an ounce mark it last reached back in 2020. Prices of the precious metal have already been rising steadily over the past fortnight, up some 3.7...

Stockhead WGX 3 weeks ago
Ground Breakers: Takeover battles fizzle as gold fever reignites on ASX

Apollo Consolidated (ASX:AOP) shareholders hoping for a takeover battle between suitors Gold Road Resources (ASX:GOR) and Ramelius Resources (ASX:RMS) are set to be disappointed. The game of oneupmanship lasted just a couple rounds as Gold...

Stockhead WGX 1 month ago
Westgold chairman Cook philosophical on failed Gascoyne tilt

Westgold Resources non-executive chairman Peter Cook remains focused on growing the company but says the gold miner is happy to play the long game after abandoning its bid for Gascoyne Resources.

The West WGX 1 month ago
Gold Digger: A global carbon tax could hit gold stocks right where it hurts

A global carbon taxation regime could slash gold miner profit margins by up to 45% unless an effort is made to reduce greenhouse gas emissions, Metals Focus says. Some countries, such as Canada and Sweden, already impose carbon taxes and th...

Stockhead WGX 1 month ago
Ground Breakers: Iron ore back below US$100/t on China steel concerns

Iron ore prices dived under the US$100/t mark overnight, falling to their lowest levels in around six weeks. According to Fastmarkets MB benchmark 62% iron ore fines were demanding US$95.77/t in northern China, down US$7.66. That move follo...

Stockhead WGX 1 month ago
Westgold closes book on Gascoyne tilt

Westgold Resources has sought to close the book on its takeover bid for Gascoyne Resources after a court on Monday approved the target’s tie-up with Firefly Resources.

The West WGX 1 month ago
Firefly Resources (ASX:FFR) wins battle for Gascoyne Resources (ASX:GCY)

Firefly Resources (FFR) wins the battle for Gascoyne Resources (GCY) as the Supreme Court of Western Australia approved the scheme Firefly and Westgold Resources (WGX) both made offers for Gascoyne, however with Firefly making the initial...

themarketherald.com.au WGX 1 month ago
Gascoyne Resources shares fall further after Firefly Resources merger nod

Shares in Gascoyne Resources have fallen again after a court approved its tie-up with explorer Firefly Resources, effectively ending Westgold Resources’ bid for the junior gold miner.

The West WGX 1 month ago
Ground Breakers: Gascoyne caught between a rock and a hard place as Firefly merger clears court hurdle

Westgold Resources’ (ASX:WGX) bid to takeover Gascoyne Resources (ASX:GCY) looks to have ended in a damp squib after the WA Supreme Court gave the go ahead to Gascoyne’s tie-up with Firefly Resources (ASX:FFR) yesterday. The cancellation of...

Stockhead WGX 1 month ago
Court nod for Gascoyne-Firefly tie-up

The WA Supreme Court has waved through a merger deal between Gascoyne Resources and Firefly Resources effectively ending Westgold Resources’ takeover ambitions for the gold miner.

The West WGX 1 month ago
Ground Breakers: Plot twists keep coming in gold mining M&A madness

Two of the gold sector’s most absorbing takeover battles are hitting a crescendo today, with Westgold Resources’ (ASX:WGX) bid to upend Gascoyne Resources’ (ASX:GCY) merger with Firefly (ASX:FFR) hanging over a key court hearing and Rameliu...

Stockhead WGX 1 month ago
Court set to decide fate of Gascoyne imbroglio

A WA Supreme Court hearing to sign off on a tie-up between Gascoyne Resources and Firefly Resources could seal the fate of Westgold Resources’ bid for the junior gold miner.

The West WGX 1 month ago
Gold Digger: Ounce-hungry gold miners investing big $$ in M&A, new developments

The gold price may be in a holding pattern at ~$US1,800/oz, but Aussie gold miners continue to throw piles of cash at acquisitions and new developments. Westgold (ASX:WGX) looks increasingly likely  to hoover up struggling producer Gascoyne...

Stockhead WGX 1 month ago
Here’s why the Gascoyne Resources (ASX:GCY) share price is up 15%

The Gascoyne Resources Limited (ASX: GCY) share price has had a golden day, closing up 15.66% at 48 cents. There’s a bit to cover here, so let’s get straight into it. What’s led us to this point? The gold miner’s shares were on the move...

Motley Fool WGX 1 month ago
Monsters of Rock: Westgold gains support in Gascoyne stoush and Whitehaven rejects coal criticism

Westgold Resources (ASX:WGX) appears to have secured the support of Gascoyne Resources’ (ASX:GCY) biggest shareholder despite losing a last minute bid with the Takeovers Panel to delay a meeting key to its offer. Gascoyne, which plans to me...

Stockhead WGX 1 month ago
ASX trims opening gains; Crown, Star Entertainment shine

Highlights The ASX 200 was trading 0.25% higher by Tuesday mid-session, having pared half of early gains. Seven of 11 sectors traded higher, led by tech and consumer discretionary stocks. Casino operator Crown Resorts and Star Enterta...

Kalkine Media WGX 1 month ago
Gascoyne calls halt after NRW folds into Westgold offer

Gascoyne Resources has placed its shares in a trading halt ahead of an announcement about major shareholder NRW Holdings agreeing to support a hostile scrip takeover offer from Westgold Resources.

The West WGX 1 month ago
Westgold nabs key backer for Gascoyne takeover

Westgold Resources has secured the support of NRW Holdings in its all-scrip takeover battle for control of Gascoyne Resources.

The West WGX 1 month ago
ASX trims opening gains; Crown, Star Entertainment shine

Highlights The ASX 200 was trading 0.25% higher by Tuesday mid-session, having pared half of early gains. Seven of 11 sectors traded higher, led by tech and consumer discretionary stocks. Casino operator Crown Resorts and Star Enterta...

Kalkine Media WGX 1 month ago
ASX 200 opens higher; Crown Resorts gains as it is set to keep licence

Highlights Australian benchmark index, the ASX 200, was up 0.3% to 7,462 in early trade on Tuesday. On Wall Street, the Dow Jones and S&P 500 hit fresh all-time highs on Monday. 10 out of the 11 sectors are trading higher, with th...

Kalkine Media WGX 1 month ago
Monsters of Rock: Investors pile into MinRes on Wodgina restart news

Mineral Resources (ASX:MIN) was the standout among the major miners on the news the $8 billion company and US chemicals giant Albemarle plan to restart the Wodgina lithium mine in the Pilbara. The operation was mothballed just one week afte...

Stockhead WGX 1 month ago
ASX 200 holds its opening gains as Victoria plans to ease COVID-19 curbs

Highlights By lunchtime, Australian shares were trading 0.44% or 32.5 points up at 7,448.5, retracing from the day’s high of 7,462.6. Bulls seem to have an upper hand today, with seven out of the 11 sectors trading higher. The IT sect...

Kalkine Media WGX 1 month ago
Westgold sweetens offer for Gascoyne

Westgold Resources is ramping up pressure on the board of Gascoyne Resources by sweetening its all-scrip takeover offer for the junior gold miner.

The West WGX 1 month ago
Directors’ Trades: More than a decade since DeGrussa was discovered, these Sandfire directors have chipped in again

One of the biggest exploration success stories of the decade prior to COVID-19 was copper play Sandfire Resources (ASX:SFR). A struggling explorer at the time the GFC hit, it stumbled across the DeGrussa copper-gold deposit and is now a $2...

Stockhead WGX 1 month ago
Takeovers Panel throws out Westgold whine on Gascoyne

The Takeovers Panel says it will not conduct proceedings into a complaint from Westgold Resources in its $123m hostile bid for Gascoyne Reources.

The West WGX 1 month ago
Gold Digger: Two charts that show how undervalued gold stocks really are

Gold stocks are cheap, experts keep saying. Well-known analyst Jesse Felder has now demonstrated the “pathetic performance” of the US gold majors in handy chart form. The US listed BANG stocks (Felder’s play on FANG) include gold giants Bar...

Stockhead WGX 1 month ago
Ground Breakers: Base metals take off and gold M&A is making its return

What a time it is to be in base metals, with depleting stocks in metals warehouses and smelter shutdowns in energy starved Europe and China propelling prices to record levels. Is it a short-term phenomenon or a harbinger of what’s to come?...

Stockhead WGX 1 month ago
Westgold’s hostile Gascoyne bid secures backer

Westgold Resources is expected to announce today that it has secured the backing of a substantial shareholder of Gascoyne Resources for its hostile $123 million scrip bid for the company.

The West WGX 1 month ago
Gold Digger: This large Russian gold mine will have its own nuclear power plant

The +9Moz, ~350,000ozpa ‘Kyuchus’ field will be one of Russia’s biggest gold mining projects. Kyuchus was first discovered in 1963, but its isolation in the harsh Arctic climate of the Yakutia region has, so far, stymied numerous developmen...

Stockhead WGX 1 month ago
Ground Breakers: Global steel demand will rise in 2022 but key China market will be flat, WSA says

Global steel demand is expected to to rise 2.2% to almost 1.9 billion tonnes in 2022, the World Steel Association says. That would come after a 4.5% rise to 1.855Bt in 2021, driven by a quicker than expected return to pre-pandemic economic...

Stockhead WGX 1 month ago
Westgold appeals to umpire in Gascoyne takeover stoush

Westgold Resources has called on the Takeovers Panel to intervene in its hostile bid to take control of Gascoyne Resources.

The West WGX 1 month ago
Gascoyne rebuffs Westgold advances

from Westgold Resources which resulted in an unsolicited takeover attempt. The rejection is supported by major Gascoyne shareholder Deutsche Batalon AG and the company says plans are afoot to continue to deliver profitable gold production f...

The West WGX 1 month ago
Gascoyne (ASX:GCY) share price slides 9% after board rejects takeover

The Gascoyne Resources Ltd (ASX: GCY) share price closed Wednesday’s trading session 9.52% lower at 38 cents a share. The gold miner’s shares were on the move today after the company’s board rejected a takeover bid from Westgold Resources...

Motley Fool WGX 1 month ago
Ground Breakers: Uranium fever is back and investors are frothing for yellowcake large caps this morning

Uranium prices got back on the move overnight (here’s why), and there was some feverish buying this morning in the headline uranium stocks, with Paladin Energy (ASX:PDN) gaining more than a fifth of its value. Spot #uranium 4025/4075 USc/L...

Stockhead WGX 1 month ago
Gascoyne rejects Westgold bid, hatches defence plan

Gascoyne has formally opposed a $100m all-scrip takeover offer from Westgold Resources and hatched up plan aimed at shoring-up its defences.

The West WGX 1 month ago
Here are the top ASX large cap movers for Tuesday

Local markets are still struggling to find an upward catalyst, as the ASX 200 followed Wall Street lower in Tuesday trade. Tech stocks again led falls at the big end of town, as the ASX 200 Information Technology index dipped by 1.46%. High...

Stockhead WGX 1 month ago
Musgrave reports strongest gold hits yet in aircore drilling on Cue JV with Evolution

Follow-up aircore drilling at the West Island prospect, part of the WA-based Cue joint venture between Musgrave Minerals and heavyweight Evolution Mining, has unearthed new thick zones of gold mineralisation. The Evolution Mining (ASX:EVN)...

Stockhead WGX 1 month ago
Gold Digger: Gold M&A is heating up. Which junior is the next takeover target?

Investors want to see gold miners wisely grow their production profile. Not like miners did during the last cycle, when some irrational, highly priced M&A action destroyed significant wealth. The big gold miners have a “lousy recent his...

Stockhead WGX 2 months ago
Ground Breakers: Miners raise the roof as US debt ceiling deal drives market higher

The USA appears to have staved off concerns about a standoff on the debt ceiling, ending fears on an impending default by the US Government. It has meant happy times in capital markets, with mining stocks leading the ASX 200 in a merry danc...

Stockhead WGX 2 months ago
Westgold ramps up pressure on Gascoyne in takeover fight

Westgold Resources has upped the ante on Gascoyne Resources in its hostile battle for control of the rival Murchison gold producer.

The West WGX 2 months ago
Gold Digger: Gold is back on the menu amidst market chaos

There is a lot of uncertainty in the market due to tensions in China, rising interest rates and continuing economic recovery of the global COVID-19 pandemic, with investors fleeing for safe havens to park their cash in. Safe havens like gol...

Stockhead WGX 2 months ago
These 3 ASX resources shares are going ex-dividend today

The S&P/ASX 200 index (ASX: XJO) is charging higher in afternoon trade and has gained 1.6% at the time of writing. At the same time, the S&P/ASX 200 Resources index (XJR) is beating most of the pack, gaining around 2% since the op...

Motley Fool WGX 2 months ago
Westgold slides into Gascoyne’s DMs to scupper Firefly deal

Peter Cook-chaired Westgold Resources (ASX:WGX) has slid in with an unsolicited bid to scupper Gascoyne Resources’ (ASX:GCY) proposed merger with Firefly Resources (ASX:FFR) in an effort to become a 500,000ozpa gold producer. If successful...

Stockhead WGX 2 months ago