Core Viewpoint - Western Gold has signed a cash asset purchase agreement with its controlling shareholder, Xinjiang Nonferrous Metals Industry Group, to acquire 100% equity of Xinjiang Meisheng Mining Co., Ltd, which will become a wholly-owned subsidiary upon completion of the transaction [1][2] Group 1: Transaction Details - The acquisition will be funded through the company's own funds and loans [1] - Xinjiang Meisheng's core asset is the Katerbaasu gold-copper polymetallic mine project, with a proven ore total of 25.67 million tons and gold resources amounting to 78.7 tons [1] - The project is expected to reach a production capacity of 4,000 tons per day, with an annual output of 1.2 million tons of ore, yielding approximately 3.3 tons of gold metal [1] Group 2: Strategic Implications - The acquisition aligns with Western Gold's overall development strategy, enhancing its gold resource reserves and production capacity [2] - The deal is expected to optimize Western Gold's industrial layout and strengthen its market competitiveness, ultimately providing greater value returns to shareholders [2]