ASX:WGXMetals and Mining
Is Westgold Resources' (ASX:WGX) New Buyback a Sign of Strategic Strength or Hidden Caution?
Westgold Resources Limited (ASX:WGX) recently announced a share buyback program of up to 47,183,455 shares (5% of the company's capital) valid through September 11, 2026, alongside enhancements to its dividend policy and a 3 cent per share unfranked final dividend for fiscal year 2025.
This series of shareholder-focused actions was disclosed shortly after annual results revealed higher sales but lower net income, highlighting management’s approach to returning capital and aiming to...