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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 Oct 27, 2023 3:27pm
226 Views
Post# 35704803

RE:Re ls this a turnaround Story?

RE:Re ls this a turnaround Story?I wouldn't call it a turnaround story, I'd call it a catch up story. Progress to getting Kiena up and running economically was delayed, mostly due to supply chain issues related to Covid. Go read some of my posts from earlier this year for more.

Everything that sent this stock to 16 dollars a few years ago is still in play. The only real difference is that the company is now only a few months from reaching a major milestone. That being, the ramp completed down to the 129 level at Kiena which will open the door to mining much higher grades.

I fully expect a revaluation at much higher prices. I'm all in and waiting patiently for the day...

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