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Westgold Resources’(ASX:WGX ): Why are institutional investors increasing stake in this gold mining company? - Kalkine

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Westgold Resources’(ASX:WGX ): Why are institutional investors increasing stake in this gold mining company? - Kalkine

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Highlights

  • In FY24, WGX’s net profit surged 852% YoY to AUD 95 million
  • Van Eck Associates increased shareholding in WGX to 7.97% from 6.87% (as of 20 September 2024)
  • FY25 Production guidance increased to 400k – 420k ounces (up from 220k – 235k ounces in FY24)
  • FY25 to see high investments with asset integrations and expansions
  • Exploration investment of AU$50 million planned for exploration in key regions and targets

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