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 > News out this morning

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Comment by snowshoedbon May 19, 2021 11:06am

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Post# 33229844

RE:RE:RE:News out this morning

Updated my model today and it appears WDO is worth $19.47 based on what they have found so far. If they keep finding high grade ore and can justify increasing the feed rate of the mill closer to the 1200-1500 tpd instead of the current mine plan of 850 tpd (capacity is 2200)

I could see WDO becoming a $40-$50 stock with 320,000 - 350,000 ounces per year.

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