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Westgold Resources Completes Chalice Gold Project Divestment

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Westgold Resources (WGX.TO) has completed its sale of the Chalice Gold Project to Australia-listed Corazon Mining for A$12.6 million, the company said Thursday.

The upfront consideration consists of an A$8 million cash payment and a 19.9% share in Corazon valued at A$4.6 million. Westgold also stands to receive A$11 million in deferred cash payments.

The transaction marks the completion of Westgold's non-core asset sale program, which was part of a portfolio optimization strategy launched in 2025.

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