ASX:WGXMetals and Mining
Is Westgold’s A$110m Asset Sale And Equity Exposure Strategy Altering The Investment Case For Westgold Resources (ASX:WGX)?
Westgold Resources has completed the divestment of its Mt Henry-Selene Gold Project to Alicanto Minerals, lifting total consideration to A$110 million as its Alicanto shareholding appreciated, while also securing ongoing exposure to the assets through its equity stake.
At the same time, Westgold is set to remain a major shareholder in the soon-to-list Valiant Gold, giving its investors indirect exposure to new gold projects without bearing full development risk on its own balance...