ASX:WGXMetals and Mining
How Investors May Respond To Westgold Resources (ASX:WGX) Divesting Peak Hill For Cash, Equity And Royalties
Westgold Resources Limited has completed the sale of its Peak Hill Gold Project to Great Boulder Resources for A$54.4 million, comprising A$25 million in cash, a 19.9% equity stake in Great Boulder, and a 1.0% NSR royalty over future gold production.
This transaction materially reshapes Westgold’s asset base by swapping a non-core project for immediate liquidity and ongoing exposure to Peak Hill’s future output via equity and royalties.
We’ll now examine how the Peak Hill divestment, which...

