Westgold Resources shares have rocketed 74% year to date. And I believe there’s more growth potential ahead.With global uncertainty and geopolitical turmoil unlikely to fade anytime soon, gold could hit new all-time highs in 2024.Atop that, Westgold’s Bluebird gold mine has hit a series of monthly production records. In May, Bluebird produced 6,300 ounces of gold, up 8% from April. Westgold also reported a new high-grade intercept outside the mine’s current Mineral Resource footprint. And Westgold’s Great Fingall gold deposit recently saw a 49% increase in its reportable Mineral Resource Estimate (MRE). At its Q3 update, the miner reported closing cash and liquid assets of $168 million, up $9 million from the prior quarter. POSITIVE OUTLOOK...
Champee
WGX Price at posting:
$1.61 Sentiment: Buy Disclosure: Held
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