EXPLORATION & DEVELOPMENT

Westgold, Southern do Cannon deal

WESTGOLD Resources and Southern Gold have done a deal for the Cannon underground ore east of Kalgoorlie that both expect will push their cash positions north.

Michael Quinn
Westgold, Southern do Cannon deal

Miner and processor Westgold will pay Southern Gold A$1.5 million upfront and $160 per ounce for gold produced from the junior’s 23,580 ounce deposit, with $180/oz to be paid for all production in-excess...

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