Westgold completes sale of Lakewood facility in Australia to Black Cat Syndicate

From Yahoo Finance: 2025-04-02 07:40:00

Westgold Resources sells Lakewood Mill in Australia to Black Cat Syndicate for A$85m. Deal includes cash and shares, with Black Cat assuming rehabilitation liabilities. Westgold retains processing optionality for two years. Black Cat plans to increase processing capacity by 50%. Westgold focuses on higher-grade ore at Higginsville Mill.

Read more: Westgold completes sale of Lakewood facility in Australia to Black Cat Syndicate