Wesdome Gold Mines Ltd T.WDO

Alternate Symbol(s): WDOFF

Metals & Mining Gold

Wesdome Gold Mines Ltd. is a Canadian-focused gold producer with two high grade underground assets, the Eagle River mine in Ontario and the 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 50 kilometers west of Wawa, Ontario. The Eagle River underground mine near Wawa, Ontario is producing gold at a rate of 80,000 to 90,000 ounces per year. The Kiena Mine is located in the highly prospective Val d’Or, Quebec gold camp. The Kiena Mine is a fully permitted, integrated mining and milling infrastructure which includes a 930-meter production shaft and 2,000 tons-per-day capacity mill. The Kiena Mine Complex consists of the Kiena Mine concession, Kiena Mill, related infrastructure and equipment and land position in the Township of Dubuisson, Quebec.

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Wesdome Gold Mines Ltd

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Comment by riverrockon Mar 24, 2010 10:34pm

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Post# 16921513

RE: Osisko acquiring Brett $372 mil.

Years ago it seems that Moss Lake had better thatn the inferred resources they indicate today, but I don't remember if they were Measured or Indicated.Now they only show Inferred resources of 1.51 million ounce, but believe theyhave somewhat better than that. They been around for years.

I believe Brett’s inferred resource of 6.7 million ounceswent for $372 million.went for

372,000,000/6,700,000 or $55.52

To compare and consider WDO’s 59% interest, Wesdome couldpossibly get

55.52 x 1,510,000 x 0.59 = $49.5 million, but I guessthey may develop it themselves.

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