Westgold's Share Buyback Pleasantly Surprises Bull -- Market Talk

Dow Jones

Sep 01

2228 GMT - Westgold Resources's share buyback surprises Ord Minnett. Westgold plans to buy back up to 5% of its issued share capital. It also unveiled a new dividend policy for FY 2026, which will see it pay out at least A$0.02/share and sets a minimum required net cash balance of A$150 million. Analyst Paul Kaner says the unexpected buyback highlights Westgold's "confidence in the cash flow outlook of the business but also the value discrepancy versus peers." Ord Minnett estimates Westgold is trading on a price-to-net asset value multiple of 1.1x. That compares to 1.3x for peers in Australia's gold-mining sector. Ord Minnett retains a buy call on Westgold. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

August 31, 2025 18:28 ET (22:28 GMT)

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Westgold plans to buy back up to 5% of its issued share capital. It also unveiled a new dividend policy for FY 2026, which will see it pay out at least A$0.02/share and sets a minimum required net cash balance of A$150 million. Analyst Paul Kaner says the unexpected buyback highlights Westgold's \"confidence in the cash flow outlook of the business but also the value discrepancy versus peers.\" Ord Minnett estimates Westgold is trading on a price-to-net asset value multiple of 1.1x. That compares to 1.3x for peers in Australia's gold-mining sector. Ord Minnett retains a buy call on Westgold. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  August 31, 2025 18:28 ET (22:28 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Westgold's Share Buyback Pleasantly Surprises Bull -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWestgold's Share Buyback Pleasantly Surprises Bull -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-09-01 06:28</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     2228 GMT - Westgold Resources's share buyback surprises Ord Minnett. Westgold plans to buy back up to 5% of its issued share capital. It also unveiled a new dividend policy for FY 2026, which will see it pay out at least A$0.02/share and sets a minimum required net cash balance of A$150 million. Analyst Paul Kaner says the unexpected buyback highlights Westgold's \"confidence in the cash flow outlook of the business but also the value discrepancy versus peers.\" Ord Minnett estimates Westgold is trading on a price-to-net asset value multiple of 1.1x. That compares to 1.3x for peers in Australia's gold-mining sector. Ord Minnett retains a buy call on Westgold. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  August 31, 2025 18:28 ET (22:28 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7506","symbol_name":"金矿股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2564501438","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2564501438","pubTimestamp":1756679280,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2228 GMT - Westgold Resources's share buyback surprises Ord Minnett. Westgold plans to buy back up to 5% of its issued share capital. It also unveiled a new dividend policy for FY 2026, which will see it pay out at least A$0.02/share and sets a minimum required net cash balance of A$150 million. Analyst Paul Kaner says the unexpected buyback highlights Westgold's \"confidence in the cash flow outlook of the business but also the value discrepancy versus peers.\" Ord Minnett estimates Westgold is trading on a price-to-net asset value multiple of 1.1x. That compares to 1.3x for peers in Australia's gold-mining sector. Ord Minnett retains a buy call on Westgold. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7506":"金矿股","BK7104":"黄金","WGX.AU":"WESTGOLD RESOURCES LTD"},"translate_title":"Westgold的股票回购给牛市带来惊喜——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WGX.AU":0.9},"content_text":"2228 GMT - Westgold Resources's share buyback surprises Ord Minnett. 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(david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  August 31, 2025 18:28 ET (22:28 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}