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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 PulpCutteron Jan 31, 2023 11:26pm
157 Views
Post# 35258609

RE:RE:RE:Oversold

RE:RE:RE:Oversold

This is from Silver Lake's quarterly, just out, discussing the reasons why they're lowering guidance for the Sugar mine (used to be Harte) which is near Eagle:

"Sugar Zone guidance has been revised to 45,000 to 50,000 ounces (from 50,000 to 60,000 ounces) predominantly associated with a shortfall of development metres limiting the access to scheduled stoping fronts throughout H1 FY23"

"YTD mining tonnes are below plan driven by a shortfall in development metres, predominantly driven by manning shortages, equipment availability of aged fleet and a prioritisation of site resources to capital projects during the summer/autumn construction window. The shortfall in development metres has limited the ability to access scheduled stoping fronts and consistently increase ore mining rates beyond 800tpd during H1 FY23."

-------------------

I could cut and paste similar sections from a number of miners, citing problems with labor costs, labor shortages ,and supply constraints.  Wesdome, Silver Lake, Ramelius, Superior, etc..

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