Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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

Post by schnutzyon Feb 07, 2023 5:19pm
250 Views
Post# 35273046

something to ponder

something to ponderhow fast and how much $$$$ will it cost to ramp down into the presquille zone, to be able to feed the mill with higher grade ore in the short term? im sure they are doing this first. if that happens , development will surely be pushed back again in the A zone with the lack of workers and manpower and whatever else. if the kiena mill runs at 4-5 grams /ton the company wont gain anything this year in terms of revenue from gold sold. its going to take a long time and lots of dollars to get to where they want to be. AISC of $1840/us for the rest of the this year and possibly next year. you cant run a 2000 ton/day mill at 4grams and expect to make money,,thats been proven. this is what dincan wanted in his last presntation,but never had a chance to to implement it. so now lets see where this goes..i will be willing to bet that the development underground will be scaled back significantly at kiena to be able to get higher grade at presquille for the time being . then go back to the underground.. just my 2 bits
<< Previous
Bullboard Posts
Next >>