Articles On Westgold Resources (ASX:WGX)

The ASX closed in negative territory despite a solid gain in tech stocks. The ASX 200 closed 0.23% down at 7,474 points although the ASX Emerging Companies Index rose 1.06% to close at 2,226 points. Despite tech stocks gaining 4.38%, as inv...

Iron ore is at two and half month lows after world #1 steelmaker China ostensibly committed to cutting output. The big boys of iron ore were down for the second day in a row – BHP (ASX:BHP), Rio Tinto (ASX:RIO), Mineral Resources (ASX:MIN)...

Strong consumer buying and modest institutional investment helped create gold demand of 955.1 tonnes over Q2 – a 9% rise from Q1 2021, and in line with the equivalent period last year. While both consumers and retail investors were purchasi...

Summary The ASX 200 ended 52.10 points or 0.70% lower at 7,379.30 on Wednesday. The market sentiments were dented by spike in inflation and extension of curbs in Greater Sydney. Investors turned caution ahead of US Fed meeting outcome...

Golden State Mining is tightening its focus on its flagship Yule project near the world class Hemi discovery after selling an 80% stake in the Cuddingwarra and Big Bell South gold projects to fellow ASX-listed explorer Caprice Resources. Go...

Summary The S&P/ASX200 ended lower by just 10 basis points at 7,394.30, shedding early gains. The index gained 0.3% to hit an all-time high of 7,417.60 during the day’s trade. Material sector emerged as the best performer, settlin...

Veteran mining professional Dave Hall has joined the board of explorer Viking Mines (ASX:VKA) as non-exec director. Hall explains what attracted him to the gold explorer and its assets. Hall has 35 years mining sector experience, most recen...

Summary  The S&P/ASX200 rose 8 points or 0.11% to hit a new closing high of 7,394.4. The market was supported by solid gains in health care and tech stocks. New South Wales recorded 136 new locally acquired COVID-19 cases, the hig...

Summary The S&P/ASX200 was trading marginally higher by the lunchtime, reversing opening losses. The benchmark index dropped as much as 4% to 7,357 in the opening trade. Seven of the 11 sectors were trading in green, while health...

Westgold Resources has commenced stope mining at the Triton North area of the South Emu-Triton underground mine at the Meekatharra gold operations in Western Australia. The South Emu and Triton mine sites are located on the southern end of...

After a rough couple of days, local stocks got back in the saddle on Wednesday as most large cap sectors finished in positive territory. There was no clear standout on the day, with resources and materials both finishing more than 1% higher...

Summary The S&P/ASX200 rallied as much as 1.4% on firm global cues.  All 11 sectoral indices were trading in green, led by energy and telecom stocks. CIMIC Group was the top gainer on the ASX pack, rising over 5% on strong earning...

Western Australia’s Cue region has been a gold hotspot for more than a century. Victory Goldfields, a soon-to-be-ASX listed gold explorer, hopes to build on its storied narrative.   Working in Victory Goldfields’ (to be ASX: 1VG) favour is...

It is no longer just lip service — to create max value for shareholders, miners know they need good Environmental, Social and Governance (ESG) credentials. Failing to maintain good relationships with stakeholders (like governments, local co...

Westgold Resources has resumed operations at the Bluebird underground gold mine in Western Australia after works were suspended following COVID-19 labour issues earlier in the year. During the temporary suspension, a significant underground...

After yesterday’s drop, risk-on sentiment returned to Australia’s bourse today. The ASX 200 rose 0.9% to 7,327 points while the ASX Emerging Companies Index rose 0.3% to 2,167 points. Energy surprisingly dropped 1.91% after gaining substant...

Gains for the technology sector spurred a 2.3% rise for the ASX200 in June, the eleventh month of gains for a financial year that returned 27.8%. -The ASX200 climbed 2.3% during June and the FY21 total return was 27.8%-In June Technology wa...

Gold had its worst month since November 2016 in June, down 7% to $US1,779/oz. Mining and exploration stocks have followed suit. This bearish trend creates a buying opportunity, experts say. Boutique investment advisory firm head Frank Holme...

Westgold Resources has made it out of its slow ramp up at the Big Bell operation in Western Australia, as the company commissions a new underground production fleet to reach higher production levels. The company stated it is on track to out...

Summary The ASX 200 closed 1.48% higher at 7,342.20, recouping previous session losses. Ten of the 11 sectors ended in green, while the energy sector emerged as the top performer with 2.35% gain. Minding firm Pilbara Minerals was the...

Results from an extensive drilling campaign at the explorer’s flagship gold asset continue to confirm the Sandstone Gold Project’s prospectivity.

Summary The ASX 200 gained 99.80 points or 1.38% to 7,335.10 by Tuesday afternoon. Telecom sector was the best performer, while healthcare was the only loser on the ASX. Commonwealth Bank shares rose 2.7% to AU$100.08, recovering from...

The market giveth and the market taketh. Truer words have never been spoken with gold prices diving nearly US$100 in less than a day after the US Federal Reserve signalled higher inflation and that interest rates could rise twice by 2023. G...

The Westgold Resources Ltd (ASX: WGX) share price ended the day in the green. This comes after the company released a trading update for the FY 2021 period. At the closing bell, the gold miner’s shares finished today up 0.49% to $2.06. How...

Gold is re-starting its bull rally as two major obstacles — higher US Treasury yields and Bitcoin — fizzle. “Strong headwinds from parabolic Bitcoin and rising bond yields appear to have run their course,” Bloomberg Intelligence senior comm...

Alto Metals finds itself at the centre of corporate interest again as it continues to receive encouraging results from the intensive drilling program underway at its Sandstone Gold Project in Western Australia.  Company filings show that es...

Gold’s rally ran out of puff this week, with the precious metal dropping about 2% below ~$1US1,870/oz at Thursday close. Kitco’s Jim Wyckoff calls it “routine profit taking”. “Importantly, the price uptrend in gold on the daily chart remain...

Summary The S&P/ASX 200 scaled a new high on Thursday, ending 0.6% up at 7260.1. The index gained as much as 0.9% to hit a fresh intraday high of 7281.8. Australian engineering company Worley was the top gainer, rising 8.13% to AU...

Summary The ASX 200 continued gaining momentum on Thursday, hitting a fresh record high. The market sentiment got a lift after trade balance and retail sales both rose in April. Energy stocks emerge as top gainers, owing to a rise in...

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to start the month with a decline. At the time of writing, the benchmark index is down 0.2% to 7,147.4 points. Four ASX shares that are falling more than most today are...

Over the past two months the gold price has turned a corner, up ~12.7% to a high of $US1898/oz. That’s a four month high, erasing almost all of 2021’s losses. The share prices of local gold stocks have responded in kind. Over the past month...

Are large Bitcoin investors moving back into precious metals? In a note to clients, JPMorgan said large institutional investors are dumping bitcoin in favour of gold, reversing a trend that’s played out over the last two quarters. “The bitc...

Horizon Minerals has acquired the Bulong South, Glandore and Cowarna gold projects in the Western Australian Goldfields from Aurenne Group Holdings for $5 million. The Bulong South project contains the Cannon gold mine which has an ore rese...

The recovery in the gold price from its early March lows — ~$1,670s to over $1,825 currently — was mostly driven by the decline in real interest rates and, more recently a poor US jobs report and increasing inflation. US core inflation in A...

Alto Metals’ recent exploration efforts at its Sandstone Gold Project in Western Australia have focused primarily on the 3km-long corridor between the historic Lord Henry and Lord Nelson mines.  And with good reason too, given the obvious o...

Spot Gold, Copper, Westgold Resources (WGX), KGL Resources (KGL) and Nanosonics (NAN).

Summary Newcrest Mining’s operating performance in the March quarter was in line with expectations. The company is on track to deliver FY21 guidance. Westgold Resources reported another solid result for the March 2021 quarter, beating...

“When you stop growing you start dying,” is a saying the ASX’s largest gold miners have apparently taken to heart. While hopefully remaining cognisant of the expensive, value-destroying deals which occurred when gold last peaked in the 2010...

The market traded in the positive zone today. By the closing bell, the benchmark index ASX 200 had added 17 points to settle at 7081.70, 0.24% higher over the previous day’s close. However, the market did attempt to move higher and hit 7097...

Summary  The ASX 200 on Mondays opened higher after US stocks rebounded on Friday supported by encouraging economic data. The benchmark ASX 200 opened higher by 12.20 points or 0.17% to 7,072.90. The top gainers were NIB Holding...

Following the global cues, the ASX 200 traded in the positive zone today. The benchmark index added 34 points and traded at 7032, an uptick of 0.5% on Wednesday's closure. Most sectors managed to recoup the early morning losses and ended in...

The gold price traditionally thrives on geopolitical drama. Heightened tensions in eastern Ukraine, the recent incident at an Iranian nuclear site, and news of an unofficial US delegation visiting Taiwan are recent reminders that 2021 will...

Source:Things, Shutterstock Summary ASX 200 is expected to open around 0.25% or 18 points higher today. The S&P 500 rose to record highs on Tuesday, led by surging technology-related stocks. The dollar index fell 0.29% and the Au...

Source: Africa Studio, Shutterstock Summary Silver Lake Resources Ltd gained 6.14 percent in the last trading session. The price has broken crucial resistance level and soared almost ~24.57 percent in the last six trading sessions. S...

Gold continues to trend upwards on the back of US dollar’s ongoing weakness and concerns about inflation, so it’s unsurprising that the majority of gold plays on our watchlist have marked gains this week. The previous metal is currently tra...

Copyright © 2021 Kalkine Media Pty Ltd. On 9th April 2021, the equity market of Australia settled in red. ASX 200 fell marginally by 3.60 points to 6995.20. On the same day, academic & educational services sector and real estate sector...

Source: baranq, Shutterstock The Australian market traded in negative today. Towards the end, it dropped 11.30 points and traded at 6987.50 points, down by 0.16% on Thursday's closure. The majority of sectors traded in the red and Consumer...

Source: OhSurat, Shutterstock Summary The Australian shares were trading on a weak note on Friday amid uncertainty around COVID-19 vaccine rollout. Energy and travel stocks were the top losers, dragging the broader index downwards. S...

Source: sitthiphong, Shutterstock The bulls have lost momentum today after a good couple of back to back gaining trading days. The benchmark index ASX 200 traded lower today. By lunchtime, it lost 28.20 points and traded at 6970.60, a decl...

Silver City soars on gold project acquisition Has Antipa found a Havieron gold copper lookalike in the Paterson Province of WA? Aguia (phosphate, copper), Peako (gold, base metals) and Alto (gold) up on no news Here are the top small cap...