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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 PulpCutteron Oct 18, 2019 12:40pm
206 Views
Post# 30244332

RE:RE:Produced 28,910 oz AU vs Sold 23,450 oz AU

RE:RE:Produced 28,910 oz AU vs Sold 23,450 oz AUInteresting.  Along the same lines, I had expected WDO's big Q3 production to imply they ran that whole 12k tonne 20 g/t stockpile they built up, during the Q2 rains.  But running the numbers, looks like they still have 73% of it left.  

Q3 Eagle tonnes 39453.  Q3 Eagle head grade 23.4.  Assuming recovery same as Q2 @ 96.4%, you get 26969 ounces.  Call it 27k, adding the 15 oz from Michi. That means only 1900 oz from the stockpile, which should contain ~ 7k ounces (12k tonnes at 20 g/t, and assuming same 96.4% recovery).  

Note Marc-Andre - who BTW is doing an awesome job leading the team & is usually conservative in his guidance - said in Q2 conf call that 303 ore grade will fall to 16-18 in Q4.  However, they still have most of the stockpile to run, as well the unsold 5460 ounces (not sure how that shows up in accounting).
Bullboard Posts