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Wesdome Gold Mines Ltd T.WDO

Alternate Symbol(s):  WDOFF

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

Bullboard Posts
Comment by silver300on May 19, 2016 9:45am
103 Views
Post# 24887929

RE:RE:RE:WDO now in Play?

RE:RE:RE:WDO now in Play?
I see. Putting the community on notice that they are interested in selling their large position, trying to attract a potential buyer. And including in the promotion the idea that a suitor with a capable in-place management team can increase value via improved management (in addition to the upcoming improved metal prices). That's an interesting speculation IO. Good job! My only concern with management is they burn through cash too quickly and issue shares at low prices. The metals are still under suppression therefore slower cash burn is prudent.
Bullboard Posts