Aug. 29 at 7:55 AM
$WGXRF Share buy back, dividend
"Westgold Resources has announced its final dividend for the 2024–25 financial year (FY25), an enhanced dividend program for next year, and an on-market share buy-back program.
Westgold managing director and chief executive officer Wayne Bramwell said the announcement demonstrated the company’s upbeat outlook on the back of stellar end-of-year results.
“In conjunction with our
$0.03 per share (
$28.3 million) dividend announced today, the share buy-back is a clear signal of confidence from Westgold in the company’s ability to generate future cash flows and return capital to shareholders,” Bramwell said.
“Against this backdrop, our stock remains materially undervalued. As part of an enhanced capital management program, a share buy-back rewards our shareholders by increasing their interest in a business that is poised to self-fund an increase in cash generation, gold production, market relevance, and value.”
more
https://www.australianmining.com.au/strong-results-back-westgolds-bullish-outlook