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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

Comment by garmin1on Aug 24, 2022 6:41pm
261 Views
Post# 34918413

RE:RE:RE:RE:Re Wesdome 's Future

RE:RE:RE:RE:Re Wesdome 's FutureT. Rowe Price's recent addition of WDO to its already large position is fair indication to me that long term WDO management has got a good handle on things. Isn't all the institutional holdings of WDO now north of 70 percent of the company? I do believe this professional money is here for the long haul and they trust that management will prove up the potential of these assets. Any take out bid would have a hard time persuading these large holders, it would get voted down, they are here for eventually  north of $25, in my honest opinion. The retail holders here have largely sold out, inch by inch.
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