ASX:WGXMetals and Mining
Does Westgold Resources' (ASX:WGX) Chalice Sale Clarify Its Core Gold Strategy Or Blur It?
Westgold Resources Limited has completed the divestment of its Chalice Gold Project to Corazon Mining Limited, receiving A$8,000,000 in cash upfront and a 19.9% equity stake valued at about A$4,600,000, alongside up to A$11,000,000 in deferred payments tied to future resource milestones.
This transaction closes Westgold’s non-core asset sale program, which has generated more than A$200,000,000 in value and reshaped its portfolio focus.
We’ll now examine how completing the non-core asset sale...