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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 Mar 22, 2023 11:20am
85 Views
Post# 35353655

RE:RE:RE:RE:Pretty Much How I View Wesdome

RE:RE:RE:RE:Pretty Much How I View WesdomeI agree that Powell won't go any higher than .25 and could pause. The higher the rates go the more risk of other bank failures. The US dollar is doomed, it's just a matter of when and how it goes down the toilet.

As for the offer, if it comes, would have to be at a HUGE premium to current share price for me to even consider it. WDO is less than a year away from increasing production significantly and reducing AISC roughly in half. That in a rising gold price environment will send this stock sailing in a strong wind...

Morley-Jepson just dropped $135,000 on shares so he's got to be thinking somewhat along those lines...
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