PERTH, Western
Australia, Sept. 9, 2024 /CNW/ - Westgold
Resources Limited (ASX: WGX) (TSX: WGX) (OTCQX: WGXRF)
(Westgold or the Company) is pleased to advise
that the Company will be included in the S&P/ASX 200 index
effective prior to the open of trading on Monday, 23 September 2024.
Westgold Managing Director and CEO Wayne Bramwell commented:
"Westgold's admission to the prestigious S&P/ASX 200
index is a direct result of the efforts of our people delivering
safe and profitable ounces for our shareholders. This strategy has
seen Westgold's market capitalisation grow to ~A$2.7 billion at market close on 6 September 2024.
Our focus now pivots to organic growth and we start FY25 as an
unhedged, +400,000 oz per annum, dual listed gold producer with
strategic operating footprints in two of Western Australia's most productive
goldfields. Our expanded portfolio of operating, development and
exploration assets provides an Australian growth platform that can
be optimised for scale, then leveraged for profitability that
delivers enhanced returns for our shareholders."
This announcement is authorised for release to the ASX and
TSX by the Board.
Forward Looking Statements
These materials prepared by Westgold Resources Limited include
forward looking statements. Often, but not always, forward looking
statements can generally be identified by the use of forward
looking words such as "may", "will", "expect", "intend", "believe",
"forecast", "predict", "plan", "estimate", "anticipate",
"continue", and "guidance", or other similar words and may include,
without limitation, statements regarding plans, strategies and
objectives of management, anticipated production or construction
commencement dates and expected costs or production outputs.
Forward looking statements inherently involve known and unknown
risks, uncertainties and other factors that may cause the Company's
actual results, performance and achievements to differ materially
from any future results, performance or achievements. Relevant
factors may include, but are not limited to, changes in commodity
prices, foreign exchange fluctuations and general economic
conditions, increased costs and demand for production inputs, the
speculative nature of exploration and project development,
including the risks of obtaining necessary licenses and permits and
diminishing quantities or grades of reserves, political and social
risks, changes to the regulatory framework within which the Company
operates or may in the future operate, environmental conditions
including extreme weather conditions, recruitment and retention of
personnel, industrial relations issues and litigation.
Forward looking statements are based on the Company and its
management's good faith assumptions relating to the financial,
market, regulatory and other relevant environments that will exist
and affect the Company's business and operations in the future. The
Company does not give any assurance that the assumptions on which
forward looking statements are based will prove to be correct, or
that the Company's business or operations will not be affected in
any material manner by these or other factors not foreseen or
foreseeable by the Company or management or beyond the Company's
control.
Although the Company attempts and has attempted to identify
factors that would cause actual actions, events or results to
differ materially from those disclosed in forward looking
statements, there may be other factors that could cause actual
results, performance, achievements or events not to be as
anticipated, estimated or intended, and many events are beyond the
reasonable control of the Company. In addition, the Company's
actual results could differ materially from those anticipated in
these forward-looking statements as a result of the factors
outlined in the "Risk Factors" section of the Company's continuous
disclosure filings available on SEDAR+ or the ASX, including, in
the Company's current annual report, half year report or most
recent management discussion and analysis.
Accordingly, readers are cautioned not to place undue reliance
on forward looking statements. Forward looking statements in these
materials speak only at the date of issue. Subject to any
continuing obligations under applicable law or any relevant stock
exchange listing rules, in providing this information the Company
does not undertake any obligation to publicly update or revise any
of the forward-looking statements or to advise of any change in
events, conditions or circumstances.
SOURCE Westgold Resources Limited