Australia's Westgold jumps; co sells Higginsville operations to Canadian co

Karora Resources

26/03/2019 24:41

** Shares of Westgold Resources Ltd  WGX.AX  rise as much as
6.3 pct to A$1.275, their highest since Oct. 5, 2018
    ** The gold explorer divests its Higginsville gold
operations in Western Australia to Canadian peer Royal Nickel
Corp  RNX.TO   urn:newsml:reuters.com:*:nFWN21C0OL
    ** Consideration of deal is A$25 million ($17.80 million) in
cash and A$25 million in RNC shares
    ** Co's shares up 36.4 pct this year, as of last close


($1 = 1.4049 Australian dollars)

 ((Anushka.Trivedi@thomsonreuters.com ; +918067491413; Reuters
Messaging: anushka.trivedi.thomsonreuters.com@reuters.net))