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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 PeterThomason Feb 14, 2023 11:18am
77 Views
Post# 35285225

RE:RE:RE:WDO Waking Up

RE:RE:RE:WDO Waking UpThat is exactly right !!  All depends on your perspective.  If you bought above $10 level you are disappointed and bitter.  If you bought just recently when it hit $6 then you are sitting pretty.  Acquirers are scoping out the issues and probably feel this is a buy based on the 200K profile available to them
in 12-14 months time.   SBB went fo $1.1 B CA and they have nothing but remote operation and risk for 2-3 years to go.  Actually if they pounced in May and close in September it is only 6 months to get the Kiena results on line.  Dumbass painted a bleak picture but the Kiena resource will be the second 100K production mine operation in mid-2024.  Not too long to wait in mining if you close in late summer 2023.
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