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Wesdome Gold Mines Ltd WDOFF


Primary Symbol: T.WDO

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 PulpCutteron Dec 16, 2021 11:02am
261 Views
Post# 34236790

At $32 million/year, Wesdome's exploration program is the

At $32 million/year, Wesdome's exploration program is the

largest, as a fraction of revenues, amongst the 30 or so miners I track.

The results are evident, as we see today.

This is not to lessen the kick-a** job that Michael Michaud and his team are doing, nor the role of past generations of Wesdome leadership in acquiring the best claims in Ontario and Quebec. (And LOL in many cases buying off any royalties on them, back when it was cheap to do so!)

Methodical competent sweat-the-details business execution WORKS.  And works better than flashy press releases, videos with Eric Sprott saying you MIGHT BE the next Swan Zone, etc..

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