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

Bullboard Posts

Comment by PulpCutteron Feb 07, 2020 2:22pm

106 Views

Post# 30659606

RE:Wesdome to Announce 2019 Fourth Quarter...

WhiteJayZ wrote: March 10 seems like a long way out, why do you guys think there's such a wait?

Per Middlemiss, they will announce updated Kiena resource at the same time.

Normally, WDO would simply close the books on what reserve & resource drilling they had on Dec31, in time for review by the independent 'qualified persons' for release with the annual financials in late Feb.

However, this is not a normal year. The upcoming Kiena PEA will be based off this updated resource/reserve statement, so presumably WDO needed to take some extra time to drill off everything needed for the PEA.

It will be interesting to see what drilling from the new 790-level station turns up, for that span between Deep A and VC.

Bullboard Posts

Canadian artificial intelligence ETFs