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Wesdome Gold Mines Ltd WDOFF


Primary Symbol: T.WDO

Metals & Mining Gold
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

Wesdome Gold Mines Ltd > why the bid miss?
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Comment by HoneyBadger77on Mar 13, 2024 3:29pm
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Post# 35931187

RE:RE:RE:why the bid miss?

RE:RE:RE:why the bid miss?According to Amber on BNN (Bloomberg Business News Network), she indicated on the show that the main reason for the miss in Q4 earnings were:
  • Net income and adjusted net income for the fourth quarter of 2023 of $2.4 million ($0.02 per share). The quarter included a non-cash deferred tax impact of $8.6 million but was still $5.9 million higher than the corresponding period in 2022.
Here's the rest in a link from the financial post:  
Wesdome Announces Fourth Quarter and Full Year 2023 Financial Results; Provides Annual Mineral Reserve and Resource Update | Financial Post

I don't know but from what I'm seeing overall a positive Q4 and a positive 2024 = higher share price.

Apparently a Desjardin analyst also expressed concerns with some additional unexpected costs (yeah OK).

Hope this helps.

HB77
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