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Wesdome Gold Mines Ltd T.WDO

Alternate Symbol(s):  WDOFF

Wesdome Gold Mines Ltd. is a Canada-based gold producer with two high grade underground assets, the Eagle River mine in Ontario and Kiena mine in Quebec. The Company has an exploration program both underground and on the surface within the mine area and more regionally at both the Eagle River and Kiena Complex. The Eagle River Underground Mine is located approximately 50 kilometers west of Wawa, Ontario. The Eagle River Underground Mine in Wawa, Ontario is producing gold at a rate of 92,000-105,000 ounces per year. The Kiena Mine is located in the prospective Val d’Or, Quebec gold camp. The Kiena Complex is a fully permitted former mine with a 930-metre shaft and 2,000 tons-per-day mill. The Company also retains exposure to the Moss Lake gold deposit, located approximately 100 kilometers west of Thunder Bay, Ontario through its equity position in Goldshore Resources Inc.


TSX:WDO - Post by User

Bullboard Posts
Post by hcarbonon Nov 03, 2016 7:57am
247 Views
Post# 25419530

2016 THIRD QUARTER HIGHLIGHTS

2016 THIRD QUARTER HIGHLIGHTSProduction of 15,667 ounces, a 29% improvement over Q2 (12,147 ounces). The Company is on-track to meet its 2016 revised guidance of 45,000 - 50,000 ounces with 36,000 ounces produced in the first three quarters. Read more at https://www.stockhouse.com/news/press-releases/2016/11/03/wesdome-gold-mines-announces-third-quarter-financial-results#GvvgGPB7ot0wLKxo.99 KIENA COMPLEX, VAL d'OR, QUEBEC New high grade gold discovery "Kiena Deep" in Val d'Or, Quebec at permitted mine on care and maintenance, with a 2,000 tonne per day mill on the property Previously released drilling results include: U-6124: 94.35 g/t over 17.4 m U-6125: 192.95 g/t over 16.95 m and 238.81 g/t over 5.0 m U-6130: 8.43 g/t over 8.2 m Three drills currently operating with a fourth to be added. Drill conditions are challenging and as a result, drilling is slower than expected. Results will be released as soon as they become available. Read more at https://www.stockhouse.com/news/press-releases/2016/11/03/wesdome-gold-mines-announces-third-quarter-financial-results#GvvgGPB7ot0wLKxo.99
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