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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
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(17)
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Comment by miketrikeon Apr 08, 2017 4:28pm
161 Views
Post# 26096436

RE:RE:RE:RE:RE:RE:Van Ecks 13D filing shows 14.64% ownership in WDO

RE:RE:RE:RE:RE:RE:Van Ecks 13D filing shows 14.64% ownership in WDO
VanEck doesn't care about average cost. They will buy or sell WDO based on money flowing into GDXJ. Some fund managers now will control the price of Wesdome until something material happens with the company.

Look what happened last July to August. WDO was hammered down while GDXJ made a new high. If GDXJ starts making moves higher, WDO will be bought and the price will move higher.

It is also possible that WDO is working on a financing behind the scenes.

Insider selling has all been option related. I am not sure if options were going to expire but it is nothing to freak about.
Bullboard Posts
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