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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
Post by silver300on May 30, 2016 1:07pm
213 Views
Post# 24916321

Here is what I dislike about current management

Here is what I dislike about current management
Here is what I dislike about current management: "Firstly, at the operating Eagle River Mine Complex located in central Ontario , Wesdome has implemented a plan to expand production at the Eagle River and Mishi mines by exploring, rapidly developing, and producing from multiple high grade zones." Leave the finite resource 'gold' in the ground until we can realize MUCH higher prices! They will come. Plus, do not provide the cabal with physical gold supply to support their suppression scheme. End the race to 'rapidly develop and produce'. Does management not understand what is happening in the world with regards to gold-price-suppression? I do not care how WDO's share price stacks up against its peers. Short term markets are frequently wrong. I am only interested in my entry cost and my exit price about 7 years from now. Please note: I do not want to replace management as they will be of great value when the gold price is much higher therefore I suffer with them now. But I do wish they would keep the gold in the ground for now instead of being anxious to extract it.
Bullboard Posts