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.

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Wesdome Gold Mines Ltd

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Post by PulpCutteron Oct 15, 2020 10:12am

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Post# 31720554

Ounces & grade both down sharply vs Q3 2019..

Ounces 20k Q3 2020, vs 29k Q3 2019. Eagle grade 13.8 g/t vs 23.4. WDO even pulled 11.5k tonnes from the Mishi pit, during Q3 2020, vs virtually none in Q3 2019.

Press release attributed lower production to planned mill & hoist maintenance, but looks like the super-rich 303 lens ore that helped out earlier quarters wasn't as rich in Q3 2020's mine plan.

IMO, Q3 2020's numbers are not the start of a long-term trend down (just short-term variation) but may represent a great buying opportunity, before the Kiena reserve update and restart update. Disappointing that the shares are not down more this morning; would be great if gold spot price would cooperate and dive.

GLTA

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