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Wesdome Gold Mines Ltd T.WDO

Alternate Symbol(s):  WDOFF

Metals & Mining Gold
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

Wesdome Gold Mines Ltd
Bullboard Posts
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(8)
•••
Post by Royal10on Dec 12, 2018 5:25pm
291 Views
Post# 29106119

Interim resource estimate for Kiena.

Interim resource estimate for Kiena.
What's wrong? How to explain that these results were bad enough to generate a drop of more than 13% in the price of the stock in one day? Since Oct.12, drilling has returned "VERY HIGH GRADE" in the Deep A zone and drilling will continue with 5 drills in 2019 with a new estimate to be issued later in the year. Why such a capitulation from institutions that were selling under "Anonymous" umbrella all day long? I hope that the President will explain this reaction in tomorrow's conference call! I am confident that the stock will trade higher tomorrow! Happy having not sold my position today.
Bullboard Posts
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