Articles On Westgold Resources (ASX:WGX)

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...

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...