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Wesdome Gold Mines Ltd WDOFF


Primary Symbol: T.WDO

Metals & Mining Gold
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

Wesdome Gold Mines Ltd > TD maintained a buy rating.
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Comment by snowshoedbon Jan 18, 2023 12:18pm
212 Views
Post# 35230849

RE:RE:TD maintained a buy rating.

RE:RE:TD maintained a buy rating. Kiena will be unprofitable at 4-5 g/ton. They closed the mine previously when grades were under 6 g/t.... over 20 years ago!

The stock is going to go down. And won't recover until 2024.

The question one must ask themselves now yes, even in 2024 will they be able to execute successfully?

I hope this doesn't turn out to be another Hope Bay or Pure Gold. 
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