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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 snowshoedbon Feb 08, 2023 10:23am
169 Views
Post# 35274261

RE:RE:RE:RE:RE:See diagram

RE:RE:RE:RE:RE:See diagramWhat do you say is true. But what is omitted is the fact that they took on $150 million worth of that they weren't expecting due to the delays. That will cost $10-$12 million a year to service. And then they further are going to dilute the shareholders by around 10% by issuing another hundred million dollars worth of shares. 

these are significant costs and dilution to existing shareholders

Oh, posters are correct that movie all mine will be unprofitable at 4pm. Any futhets delays or problems will increase costs. Which is why I sold  1/3 of my position. Q4-22 will be bad but Q1 will be even worse. Dark the next two quarterly reports and punish the company
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