trending Market Intelligence /marketintelligence/en/news-insights/trending/m_6u9er9ktjspy0ceqjmta2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

Southern Gold, Westgold each receive A$2M first profit share from Cannon mine

Street Talk Episode 51 - Goldman Talks Libor Transition, Recent SOFR Volatility

#ChangePays: Although Still Underrepresented, Women in the C-Suite are Driving Profitability

Cable Nets For Kids Enjoy Wide Carriage On Skinny Bundles

Energy

Power Forecast Briefing: Fleet Transformation, Under-Powered Markets, and Green Energy in 2018


Southern Gold, Westgold each receive A$2M first profit share from Cannon mine

Southern Gold Ltd. and Metals X Ltd.'s gold spinoff, Westgold Resources Ltd., have each received A$2 million as part of the first profit share distribution from the Cannon gold mine in Western Australia.

Westgold is managing operations at the Cannon gold mine and is processing Cannon ore at the South Kalgoorlie operations' Jubilee plant.

Southern Gold on Dec. 28 said it applied A$1.5 million of the A$2 million distribution to the repayment of a working capital facility provided by Westgold.

The seventh processing campaign of Cannon ore is anticipated to commence Jan. 7, 2017, and continue to about Feb. 23, 2017, the company said.