“Having an ASX listing and a TSX listing brings the best of both worlds together,” Wayne Bramwell, Westgold’s managing director and CEO told The Northern Miner. “The ASX understands gold, so does the TSX, (and) having those two opportunities exposes West gold to two groups of shareholders who fundamentally believe in the commodity.”
The listing comes exactly six weeks since Westgold’s $826 million acquisition of Canada’s Karora Resources created a combined company expected to have an annual output of over 400,000 oz. of gold. The new entity also boasts ore reserves of 3.2 million oz. of gold, and resources of 13 million oz. of the metal, and holds several exploration prospects across two of Australia’s most productive gold fields.
Westgold shares were down 0.7% to C$2.59 apiece on Friday morning just hours after the market opened in Toronto.
Alpha plans for Beta Hunt
The Aug. 2 acquisition saw Westgold take over…
