trending Market Intelligence /marketintelligence/en/news-insights/trending/M_6U9ER9kTjspy0cEqJmtA2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

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

Blog

Essential Metals & Mining Insights – February 2021

Blog

Top electric vehicle markets dominate lithium-ion battery capacity growth

Blog

Message in a (Word)Cloud

Blog

Essential Metals & Mining Insights - January 2021


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.