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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 PulpCutteron Jul 06, 2018 2:14pm
346 Views
Post# 28278931

Q2 production numbers probably next week

Q2 production numbers probably next weekQ1 ran 18k ounces, vs 62-68k yearly guidance.

In Middlemiss's April talk, he said the 62-68k 2018 guidance was based on a mine plan where they ran 15k Q1, 15k Q2, 18k Q3 and 18K Q4.  The reason for the difference was that WDO would begin mining that folded-back 300E lens structure in the H2.  However, Eagle is already out-performing guidance, because guidance assumed a grade of 10.1-10.5, but Q1 headgrade was 12.2 g/t.

In other words,  likely to run 18k ounces Q2, or 36k for the half.  Possible guidance may be lifted to 78k for the year.


BTW, 300E runs 20 to 50 g/t ( https://www.globenewswire.com/NewsRoom/AttachmentNg/e15b26b3-a908-4199-bd31-441253d796eb ), 155 meter strike length, and is known to run at least 250 meters vertical, open at the ends.

Bullboard Posts