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Australian gold miner reports record cash flow, while US firms plan expansions amid mixed market signals.
Australian gold miner Westgold Resources reported record quarterly cash flow, producing 80,107 ounces of gold and generating $87M in cashflow.
Meanwhile, US Gold Corp announced plans to begin a final feasibility study on its Wyoming CK Gold Project by late May, aiming to boost shareholder value.
The gold market has seen growing optimism, with billionaire investor John Paulson backing an Alaskan gold mine.
However, the Australian resources sector faced a negative trading session, with gold stocks experiencing selling.
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