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Westgold spins off non-core assets into Valiant Gold, aiming for IPO amid record gold prices near $4,300 an ounce.
Westgold is creating Valiant Gold, a spin-off for non-core gold assets, to boost value amid strong gold prices, planning an IPO and share placement.
Boab Metals replaced a prepayment deal for its Sorby Hills mine with equity funding for better terms.
Gorilla Gold Mines saw a 900% growth in its Comet Vale deposit, while Fortescue expands copper operations in Peru.
Gold held near record highs around $4,300 an ounce despite a slight dip, driven by global uncertainty.
Iron ore prices also rose, with market attention on shipping movements signaling potential supply shifts.
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Westgold hace girar activos no esenciales en Valiant Gold, con el objetivo de IPO en medio de precios récord de oro cerca de $ 4,300 la onza.