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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 loonietuneson Jan 10, 2022 9:45am
161 Views
Post# 34299433

Stock Watch-In the news

Stock Watch-In the news

 

Globe says Wesdome Gold Mines kept at "outperform"

 

2022-01-10 07:34 ET - In the News

 

The Globe and Mail reports in its Saturday, Jan. 8, edition that National Bank analyst Don DeMarco has reaffirmed his "outperform" recommendation for Wesdome Gold Mines. The Globe's David Leeder writes in the Eye On Equities column that Mr. DeMarco bumped his share target up by a loonie to $15.50. Analysts on average target the shares at $14.67. Mr DeMarco says in a note: "Our thesis is supported by net-asset-value accretion from near-mine exploration success; low capex intensity production growth; M&A appeal as a Canadian producer; and visibility for a higher target after Kiena ramp-up derisked. At Kiena, we currently model life-of-mine production with significant potential for upside from exploration success. We highlight the recent Kiena Footwall discovery announced on March 23 and additional results on May 19 as a driver of improved sentiment." The Globe reported on July 17 that Canaccord Genuity cut Wesdome to "hold" from "buy." It was then worth $12.11. The Globe reported on Sept. 22 that iA Capital Markets analysts George Topping and Puneet Singh were sticking with their "strong buy" call for Wesdome when its shares could be had for $11.11.

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