Senior members of the Toronto Stock Exchange and Westgold Resources celebrate the company’s listing on Friday. Credit: Blair McBride
The C$2.4 billion market cap Westgold is now a dual-listed miner that sits among Australia’s top five producers and is the 10th-largest gold miner on the TSX by this year’s forecast production. With reserves of 3.2 million oz, Beta Hunt is currently producing about 1.6 million tonnes per year and Westgold aims to accelerate that to 2.5 million tonnes per year, Bramwell said.The Fletcher zone at Beta Hunt has particular exploration potential, and the company plans to pursue more drilling and resource definition in the near term.
“We’re really excited about Higginsville, it was the cherry on the cake in terms of this acquisition,” he said. “We’re funded to do what we need to do.”The Perth-headquartered miner’s listing also comes a day after gold hit $2,563 per oz., another historic high during a record-breaking year of yellow metal prices.
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