Westgold shares remain in a trading halt after the company last night announced a fatal incident took place at its Big Bell mine.
The post Westgold (ASX:WGX) shares in trading halt after mine worker killed appeared first on The Motley Fool Australia. –
Westgold Resources Ltd (ASX: WGX) shares have today remained in a trading halt after ceasing trading around midday yesterday. This comes after the company last night announced an incident had taken place at its Big Bell mine. Regrettably, the incident involved a mine worker being killed after she was struck by mobile plant.
In response to the incident, Westgold halted production at its Big Bell mine and suspended trading of its shares on Tuesday. The company advised that trading in its shares will be halted for 48 hours as investigations into the incident continue.
The Westgold share price fell by more than 5% yesterday when news of the incident first broke out, before trading was halted.
What happened at Westgold’s mine?
Westgold has reported that a female worker was struck and fatally injured at the Big Bell mine. The company’s emergency response teams attended the scene and rendered assistance to the injured worker before the Royal Flying Doctor Service attended and transported the patient to Perth.
Tragically, the injured worker passed away while in transit to Perth.
The incident is currently being investigated by the WA Department of Mines, Industry Regulation and Safety (DMIRS), and the company says it is cooperating with those investigations.
Mining operations at Big Bell have been temporarily suspended and will remain so until further notice.
Westgold says it will continue to provide support to the family of the worker and the team at Big Bell.
Westgold Resources executive chairman Peter Cook said:
Our hearts go out to the family of our employee as well as her colleagues. This devastating news has shaken all of us at Westgold to our core.
The safety and wellbeing of our people is a priority to us, which is why we will ensure that a thorough investigation is conducted into this tragic incident.
In the meantime, we will be extending all the support required to her family and to her colleagues at this difficult time.
Westgold shares last traded at $2.62.
Where to invest $1,000 right now
When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.
*Returns as of June 30th
- Tesla has a high-class problem
- 3 top ASX dividend shares to buy
- Why the Whitehaven Coal (ASX:WHC) share price is surging 5% this morning
- Why the Regional Express (ASX:REX) share price is soaring 10% higher today
- Why the Pilbara Minerals (ASX:PLS) share price crashed 17% lower today
Motley Fool contributor Eddy Sunarto has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.