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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 GoldBanditon Feb 02, 2023 12:58pm
168 Views
Post# 35262668

RE:RE:RE:FOR SALE

RE:RE:RE:FOR SALEPretty much my thoughts... 6 bucks is way too cheap but that's where it is... One year is not a long time to reach the honey pot and even with some financial concessions the reward will be big. Someone is going to get that high grade gold. I would prefer it be Wesdome but at this point I don't know who will be putting out news releases about their phenomenal production once there. Again,12 months....

I think a fair ending to this management communications fiasco is going to depend on the integrity of Morley-Jepson, or CEO successor. Too many times I've seen management sell out their investors for a backroom deal that benefits themselves. I'm not opposed to a buy out but it has to be at the right valuation.
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