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Westgold targets jump in gold production with fundraising

WESTGOLD Resources is in the market for about A$100 million in new funding that it says will be the “pathway” for a circa 40-50% increase in production to 400,000 ounces per annum.

Michael Quinn
Westgold targets jump in gold production with fundraising

The $100 million will be raised by issuing new shares priced at $2.10 to institutional investors, with Canaccord Genuity the lead manager. Westgold's forecast for the current financial year is plus-270,000oz...

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