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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

Comment by argaivon Nov 14, 2020 12:40am
213 Views
Post# 31900580

RE:RE:RE:Kienna - Waiting for regional exploration drilling

RE:RE:RE:Kienna - Waiting for regional exploration drillingI am not a great cruncher of resources when I look at the data supplied by these companies.  The number of shares outstanding is much lower than Kirkland Lake.  What if we put together3-4 million ounces of high grade gold in a project that is already developed;  This share price could go parabolic into the mid 20 dollar range.  I bought a small position today, and I cannot see why we will not see the share price go back to its previous all time high.  This was my initial reasoning behind my purchase.  If gold to surpasses its all time high and reached a $3000 an ounce price, than the share will explode if we keep adding on more and more high grade ounces.
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