Articles On Westgold Resources (ASX:WGX)

Gold is holding steady above US$1,800/oz – currently trading at US$1816.60. Some players are confident the gold market will trend net positive next year as the market digests the reality of the past 24 months. But commodity analysts at J.P....

With gold spending most of the past week hovering around the US$1,800/oz (A$2,485/oz) mark, speculation has turned away from whether the precious metal can hold its gains to asking if it can test hit the US$1,850/oz mark. Gold is currently...

Westgold Resources has reached the base of its historic Fenian’s deposit of the Paddy’s Flat gold mine in Meekatharra, Western Australia. Paddy’s Flat produced more than 1.5 million ounces of gold prior to 1984 with more than half of that r...

Iron ore looks poised to cross the US$120/t again before the end of the year, as prices flirted with the mark on Friday. The most traded January contract on the Singapore exchange hit US$127.95/t before coming back to US$125.45/t, a gain of...

It’s been fairly choppy for precious metals this year, with economic recovery, rising nominal yields and the potential for rate hikes dampening investors’ appetite for gold. But on the flip side, new virus variants, fears of stagflation and...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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.

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...

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...

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.

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...

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.

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...

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.

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...

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 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...

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...

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...

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...

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.

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

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...

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...

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...

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...

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...