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.

TSX:WDO - Post by User

Wesdome Gold Mines Ltd

Bullboard Posts

Post by Trappist1on Jul 30, 2013 9:26am

217 Views

Post# 21638422

closure of the Windarra deal

Wesdome is announcing the closure of the Windarra acquisition which is excellent news. total dilution for WDO shareholders will be around 3.8% while Wesdome gains a number of opportunities of which the most important are:

- expansion of Mishi land holdings, both on the ground for their infrastructure as enlargement of their resource basis
- Net Smelter Royalty (NSR)
- no need for extra permitting

this deal will/could catapult the Mishi mine to a premium producer. Not sure if the market realize this.
the hiring of Philip Ng of Queenstone Mining is in this case no coincidence

very good news, and unexpectedly quick definitive arrangement between the two companies.

Trappist

Bullboard Posts

Advancing flagship Ishkõday Gold Project in Ontario