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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

Comment by garmin1on Feb 03, 2022 8:25pm
125 Views
Post# 34395590

RE:Rational for Lack of Drilling Updates?

RE:Rational for Lack of Drilling Updates?

The news flow in 2021, though it was sparse, it was very very good, first the amazing footwall discovery batch of news at Kiena followed quickly by a positive Kiena restart decision. Over at Eagle news was super quiet except for the quite interesting release in December. All said, this market continues to be blase and unimpressed with gold. It's a zero sum game folks, too many are sitting on their bloated butts in all things digital. Today Facebook/Meta gave them a bit of fright, but until something like 1999 2.0 begins to loom greater in their minds, which it eventually will, things will continue to be sluggish here.
In my mind, why should management hustle putting out frequent news when all the general market does is yawn at it, and in the process provide potential acquirers with greater insight to base a takeover on. My advice to management, release only what is absolutely necessary for the time being.
I'll continue to HODL my decent exposure to gold.


 

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