Articles On Westgold Resources (ASX:WGX)

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

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...

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

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...

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?...

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 +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...

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...

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

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 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...

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...

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

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...

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)...

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...

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...

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

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...

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...

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...

The Gascoyne Resources Ltd (ASX: GCY) share price is surging today, up 22.6% at time of writing, to 38 cents per share. The All Ordinaries Index (ASX: XAO), for context, is up a more modest 0.9% at this same time. Below we look at the take...

Gascoyne is yet to see a formal bid and advises shareholders to “take no action” on the conditional off-market offer that values the company at $105 million.

Gascoyne is yet to see a formal bid and advises shareholders to “take no action” on the conditional off-market offer that values the company at $105 million.

Westgold Resources has launched a hostile all-scrip bid for smaller Murchison gold producer Gascoyne Resources which rivals the company’s proposed tie-up with Firefly Resources.

THE odd person out in the 250,000-300,000-ounce per annum Western Australia gold triumvirate is Westgold Resources, meaning some intra-sector rotation could ...

The valuations of major gold miners remain weak despite falling debt and record dividends, according to the latest Metals Focus Gold Peer Group Analysis. Australia’s largest gold miners Newcrest (ASX:NCM), Northern Star (ASX:NST), and Evolu...

Bryah Resources has expanded its footprint in WA, securing three exploration licences covering 50 km2 around its existing land holding in the Bryah and Padbury Basins. The Bryah Basin hosts the high-grade copper-gold mines at DeGrussa, disc...

The mining industry saw a drop in employed people from May to August 2021, as more staff worked zero hours, according to the Australian Bureau of Statistics (ABS). The ABS’ detailed report on the Australian labour force for last month found...

All the excitement around the battery metals – and now uranium – has left the gold stocks in the shade for much of 2021. And because the yellow metal plunged to well below $US1,800/oz during the week, they will be left sitting in the shade...

It’s been a frustrating few months for gold bulls. As an investment hedge, gold shines during periods of poor or volatile market sentiment. It loves drama like pandemics, civil wars, or the unprecedented failure of the Lehman Brothers in 20...

Global investment manager VanEck has conducted a re-weighting of its Junior Gold Miners ETF, and ASX stock Firefinch (ASX:FFX) has picked up a seat at the table. The latest data from the US-listed ETF ((NYSE:GDXJ) shows it holds a portfolio...

Gold continues to consolidate around $US1,800/oz which, if we went back in time to July 2020, would be cause for celebration. Back then $US1,800/oz was an eight-year high and bullish sentiment was nudging even the shittiest exploration stoc...

Highlights The Australian share market ended in the red on Wednesday, pulled down by information technology, consumer staples and materials. The ASX200 closed 0.24% lower at 7,512. Earlier, the Australian share market opened 9.90 poin...

It was a busy day for small cap investors in resources and energy, as a number of junior explorers ripped higher following big announcements. Those gains stood out amid another mediocre session for the broader index, as the ASX continues to...

Highlights By lunchtime, the ASX 200 was trading 0.44% or 32.8 points down at 7,497.5. Gold miners and energy shares are taking a beating as commodity prices fell overnight. Centuria Capital Group has acquired a Port Adelaide office b...

Highlights The ASX 200 opened the day 90 points or 0.13% lower at 7,520.40 after Wall Street ended mixed overnight. Domestic investors are keeping a close eye on labour data, which is scheduled to be released today. On Wall Street, th...

The Tyro Payments Ltd (ASX: TYR) share price is a top performer today, rallying 5.87% to $3.97. What’s lifting the Tyro share price on Monday? Weekly COVID-19 trading update Tyro has been providing weekly transaction value updates since M...

Highlights The ASX 200 declined as much as 1.1% to hit a low of 7,440.10 by lunchtime. All the 11 sectors were bleeding in red, while energy declined the most. The top loser on the ASX was iron ore miner Fortescue Metals. Appen, Alum...

The ASX 200 quarterly rebalance for September saw four stocks added to the index, while another four were removed. Action Code Name Price now $ YTD Change Added LIC Lifestyle Communities 22.63 +78% Added PNI Pinnacle I...

A number of ASX shares will be on watch today after S&P Dow Jones Indices announced changes to the S&P/ASX Indices. These will be effective prior to the open of trading on 20 September, as a result of the September quarterly review...

Welcome to the FNArena Corporate Results Monitor. Today's Reports: ((ABY)) - Adore Beauty ((ALU)) - Altium ((ABB)) - Aussie Broadband ((ASG)) - Autosports Group ((BKG)) - Booktopia Group ((CWP)) - Cedar Woods Properties ((CWN)) - Crown Re...

Westgold Resources (ASX:WGX) split the gold business off tin miner Metals X (ASX:MLX) almost five years ago at $1.70 a share and since then it’s been much of a muchness, with the $740 million capped gold miner trading at $1.75 today. But th...

Gold bugs would be breathing a sigh of relief this week as the price stabilises just shy of $US1,800/oz ($2,463/oz Aussie) thanks to Monday’s healthy 1.5% gain. While there are plenty of other red hot sectors attracting investor dollars rig...

The gold price itself had 12 months of consolidation. Now we are entering a new stage of a bull market which Barry Dawes of Martin Place Securities believes “will take it much, much higher”. In the big scheme of things, the pullback we have...

On Sunday, a chaotic ‘flash crash’ saw the gold price plummet into the $US1600s per ounce before staging a mild recovery. Experts mostly point to a better than expected jobs report out of the US for heavy selling that saw the traditional he...

Despite the global growth concerns spooking investors at Wall Street, the equity markets in Australia continued their rally - extending the gains for the fifth consecutive session. For more on morning trade, read: ASX 200 surges to a recor...

As an uncorrelated asset – value not tied to larger fluctuations in the traditional markets — gold has had “its lunch cut a bit” by crypto, PCF Capital’s Liam Twigger says. “There is an article in the last Economist asking, ‘what happens if...

Fortescue Metals Group (ASX:FMG) CEO Elizabeth Gaines predicts steel production in China will not drop below 2020 levels despite talk of production cuts in the steelmaking powerhouse. She told delegates at the Diggers and Dealers Mining For...

It is 2021 and green hydrogen always had to make an appearance, so Fortescue Metals Group’s (ASX:FMG) closing presentation at 3.30pm AWST will be one to look out for. CEO Elizabeth Gaines is not Twiggy Forrest himself, who seems to have com...