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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 Apr 21, 2024 11:22am
97 Views
Post# 36000133

RE:Seeking alpha

RE:Seeking alphaAuthor of article writes pretty favourable about most of Wesdome except its valuation...what a distorted article in my mind. Some how thinks Wesdome doesn't deserve to share some of the same metrics as AEM and AGI. His comparisons to other assets simply seems like he is disingenuous to say the least. Puts a glowing spin on K92s Papua New Guinea mine, but in my mind that asset should be discounted accordingly, its got baggage, seismic hot spot, also recently experienced a 'non industrial suspicious death' on the mine site resulting in a month long underground shutdown. That country has got some pretty uncomfortable recent human history, wish them well.
Typical, typical, typical article, piss on somebody else's book while talking up your own, platform abuse, rinse and repeat.
Gold is on a tear, the tide could finally rise exponentially for all in this sector, floating all boats, some higher than others, everybody in this sector could eventually be singing from the hills. The author seems to be devoid of the art of living.
Every 24 months another bubble comes along where all metrics get thrown out the door and valuations go mental. Maybe golds time is finally here. We're designed with two eyes, two ears and one mouth for a reason, now is the time to appear more tactful. 
Winter is over, time for me to stop consuming online content, maybe permanently, too much is garbage anyways, better for our mental wellness to boot. Plus I found a much much better way $$. 
Good luck to all.
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