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Westgold Resources Provides Quarterly Activities Report for Quarter Ending 31 March 2019

15 Apr 2019  |  12:45:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Quarterly Activities Report

Westgold Resources provided quarter activities for the period ending 31 March 2019 stating that the Quarter 2019 delivered significantly improved results as the ramp up of the Company's Murchison operations continued. The Company produced 74,004 Oz Au of which 6,836 Oz was attributable to third party ore processing. The group gold operations generated a Mine Operating Cash Flow of $25.5M and a Net Mine Cash Flow of $28.5M showing respective increases of 85% and 61% on a QoQ basis. An agreement was reached to divest/merge the Higginsville Gold Operations to RNC Minerals which will see the Company to receive consideration of $50M (half cash & half stock) which is due to settle before FY 2019 end.

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