ASX:WGXMetals and Mining
Why Westgold Resources (ASX:WGX) Is Down 14.8% After Securing A$600m In New Revolving Facilities
Westgold Resources Limited has recently executed syndicated loan documentation for A$600,000,000 of unsecured revolving financing facilities with five Tier 1 lenders, alongside Board approval to expand the Higginsville Processing Hub from 1.6Mtpa to 2.6Mtpa following a positive Definitive Feasibility Study.
Together, the new long-term, undrawn funding capacity and the Higginsville expansion decision point to a materially higher level of balance sheet flexibility and processing capability for...