Westgold completes Higginsville sale to RNC
PERTH (miningweekly.com) – ASX-listed Westgold Resources has completed the sale of its Higginsville gold operation, in Western Australia, to TSX-listed RNC Minerals.
Westgold sold the Higgensville operation for some A$50-million, with the company receiving 50% of the consideration in cash and the remainder in RNC shares.
With Westgold now holding more than 56.9-million shares in RNC, the company was the largest shareholder in the Canadian miner, holding a 10.3% interest.
“The sale and consolidation of RNC and Westgold’s assets in the region provides a brighter future for the operations, underwritten by the exciting Beta Hunt mine and the Higginsville processing plant,” said Westgold MD Peter Cook.
“This is a good outcome for both parties and for all the employees who have transferred to RNC under the transaction. It allows Westgold to focus on its main game in the Murchison region of Western Australia, where after three years of heavy investment, our expenditure is beginning to reduce and output continues to rise.”
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation