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Westgold Resources Limited

WGX

Westgold Resources Limited is an Australian enterprise dedicated to the full spectrum of gold asset management, encompassing exploration, development, mining, and processing, predominantly within Western Australia. The company's significant portfolio features operations like Bryah, Murchison, Meekatharra Gold, and Cue Gold. These holdings collectively span about 1,300 square kilometers through approximately 350 mining titles, primarily concentrated in the Central Murchison region. In addition to its core activities, the firm extends its expertise to offer contract mining services. Its corporate headquarters are located in Perth, Australia.

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Analysis

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Financials

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Asset Pipeline

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Information

Key Information

Legal Entity

Westgold Resources Limited

Sector

Precious Metal

Founded

December 5, 2016

Employees

1,071

Reporting Currency

AUD

Contact Phone

61 8 9462 3400

Headquarters Address

200 St Georges Terrace , Perth , WA 6000 , AU

Identifiers

Commodity Portfolio

AU Gold Primary

Stock Exchanges

WGX TSX • CAD
WGX:TSE
WGX ASX • AUD
WGX:ASX
WGXRF OTC • USD
WGXRF:OTCMKTS

Organization

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Videos

Mineros ($MSA | $MNSAF) CEO on Growth Story, Investments & 2030 Gold Production Goals

Mineros ($MSA | $MNSAF) CEO on Growth Story, Investments & 2030 Gold Production Goals

Investor TV
3 months ago

Key Highlights

brief
  • Listed by Don Durrett among the Australian mid-tiers he says are available at unusually cheap multiples right now.

Mineros S.A. trades at 0.47 times net asset value (what its mines and cash are worth) despite a tenfold share-price re-rating under Sun Valley control. Sun Valley Investments deployed about $200 million to take control, then doubled silver recovery and lifted gold output 22% through operational fixes. Guidance rose to 240,000 ounces with costs tracking below plan, and the CEO targets 500,000 ounces by 2030 via the Porvenir project and acquisitions. An upsized $175 million buyback and $30 million dividend program return cash, while a strategic gold reserve keeps bullion in company vaults. Analyst Don Durrett argues quality mid-tier gold producers are the sweet spot, and Mineros still offers tenfold upside on his $7,000 gold assumption.

50 buy-the-dip stocks (July 17, 2026)

50 buy-the-dip stocks (July 17, 2026)

Don Durrett
3 months ago

Key Highlights

detailed
  • Westgold Resources is another Australian mid-tier he rates highly.
  • He says the Prowse asset prints as a ten-bagger against a roughly $2.9B market cap, which he finds crazy.
  • He describes the risk/reward as off the charts.

He reviews 50 gold and silver mining stocks he owns, sizing the upside against $7,000 gold and $200 silver. Most of the list screens as an eight-bagger or better, and he favors undervalued producers growing output. Development names need patience: permits plus roughly two-year builds push many payoffs to 2028 and beyond. He cautions that gold and silver mining stocks are speculative, so keep allocations small and only risk what you can lose.

THESE Gold & Silver Stocks a Screaming BUY - 'More Bullish Than Ever': John Feneck and Don Durrett

THESE Gold & Silver Stocks a Screaming BUY - 'More Bullish Than Ever': John Feneck and Don Durrett

Commodity Culture
3 months ago

Key Highlights

brief
  • Durrett names Westgold Resources as a high-quality mid-tier gold producer in Australia, one of his three large-cap quality picks.

Durrett frames the metals selloff as a correction, not the end of the gold bull market, which he says only breaks below $3,000. Both guests attribute the drop since March 1st to the Iran war rather than mine fundamentals, and warn of another seasonal dip this fall. Feneck's development picks include Silverco, Blackrock Silver and Silver 47, each trading far below its spring highs on unchanged plans. Durrett's stock lists split by horizon: quality North American producers for a year, developers for three-to-five-year multi-bagger attempts. Feneck is bullish on tungsten equities despite an 8-9x spot price surge, because China supplies about 80% and no ETF or futures market exists.

Newsletter Favorites Sorted by Quality (April 2026)

Newsletter Favorites Sorted by Quality (April 2026)

Don Durrett
6 months ago

Key Highlights

detailed
  • Don Durrett rates Westgold an A-minus on quality even though it shares a 3.5 risk-reward score with Capricorn Metals.
  • He thinks Westgold is getting closer and closer to becoming an A as gold prices go up.
  • Westgold and Capricorn are his two Australian favourites.
  • He describes both as high-quality mid-tier producers in Australia.

Durrett ranks the 89 gold and silver stocks he owns on upside, downside risk, and company quality — a system investors can copy. His 'three-five' score marks a likely five-bagger — a stock he expects could multiply roughly five times from current levels. Only four holdings earn an A, reserved for low costs, clean balance sheets, and consistent execution — Australian mid-tier producers dominate the top. Country risk caps otherwise strong names: West African, Mexican, and Colombian exposure keeps ratings below top marks. He flags likely takeover targets among focused developers and producers still generating free cash flow.

Americas Gold and Silver ($USA | $USAS): Silver and Antimony Opportunity in Idaho

Americas Gold and Silver ($USA | $USAS): Silver and Antimony Opportunity in Idaho

Investor TV
6 months ago

Key Highlights

brief
  • Paul Huet says his former company Karora was sold for $1.3 billion in a merger with Westgold, with the Beta Hunt mine he grew operationally now one of Westgold's top assets.

CEO Paul Andre Huet says the turnaround is on track: silver output stepped up 50% and targets a 3.6 million ounce run rate by year end. Huet reports Galena's measured and indicated resource — the higher-confidence categories — rose 19%, with grades up 21%, past 200 million silver ounces. Huet describes a US Antimony joint venture that turns previously penalized antimony into revenue, with an Idaho plant backed by price protection. Don Durrett frames gold and the S&P 500 as a 'final battle' gold will win, urging investors to stay invested and buy dips. With about $130 million US in cash and no planned equity raise, management says drilling at Galena, Crescent, and Cosala will be funded from operations.

Newsletter Favorites Upside (using New GSD Defaults)

Newsletter Favorites Upside (using New GSD Defaults)

Don Durrett
7 months ago

Key Highlights

brief
  • The host says he loves Westgold and that getting it as an eight-bagger at $7,000 gold is probably his favorite Australian mid-tier thesis.

Raising default price assumptions to $7,000 gold and $200 silver reflects conviction that current metal prices undershoot the macro setup. Screening 90 favorite miners at those prices prints 20-plus-bagger upside for many, but most need three-to-four-year mine builds first. Near-term producers like Guanajuato Silver need no new growth, so they offer immediate leverage if silver reaches $200. A gold-silver ratio squeeze toward 2.5-3% underpins the $175-200 silver target alongside $7,000 gold within 24-36 months. Timeline to getting paid is the key filter: the longer a mine build, the longer investors must wait for the printed upside.

Newsletter Favorites Overview (Feb 2026)

Newsletter Favorites Overview (Feb 2026)

Don Durrett
8 months ago

Key Highlights

brief
  • Don says Westgold, like Vault, is a $4 billion Australian producer that is basically an emerging major.
  • He calls Vault and Westgold his two favorite mid-tiers among the emerging Australian majors.

Durrett argues there is limited time left to buy gold and silver producers while they are still cheap, expecting one more significant dip. His Newsletter Favorites list leans on quality Canadian and Australian mid-tier producers, which he expects to re-rate as the bull market warms up. Companies whose second and third projects get no market value offer free upside — you pay for the first asset and get the rest for nothing. Cheap forward free-cash-flow multiples persist in West Africa and among silver producers, where weak sentiment discounts heavy leverage to metal prices. Australian producers like Ramelius reaching major-sized valuations is, in his view, the first sign the junior gold bull market is broadening.

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