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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 FastFFon Sep 28, 2019 11:26am
218 Views
Post# 30173641

RE:Seeking Alpha out yesterday

RE:Seeking Alpha out yesterday
Seeking Crapa is worthless. All these projects are different - like Westdome, Altantic was producing, although, from what I saw (and I owned it) it was going to be very limited/challenged going forward (why they sold; smart people) - Westdome, the other hand, has a very big future.

Barkerville is a smart pluck by Osisko, who are great bottom fishers. They are not legacy miners, folks, so the comments don't apply

The main point to remember about Westdome: Once gold gets really established over, say $1550 US, and drifts higher, the legacy miners are going to have a huge jump in earnings, cash flow, and equity value. They are then going to have a massive problem in finding reserves to replace. There's almost nothing out there like Westdome. Especially in such a great location.

This is why you can safely sit with this one. "multiple expansion" is what drove the stock market the last decade, and is coming to good qualty mining stocks. Especially the very few with high grade.
Bullboard Posts