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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

Post by goldanalyston Feb 17, 2021 8:45am
253 Views
Post# 32582779

Well there you have it....

Well there you have it....Broke through the 200-day in fashion this morning...on a techincal basis the bull run is over...we've been trading in a channel since August and we are now moving towards the bottom of it....
Now we wait for this bear market to end and with it a halt in the rising 10-year US bond yields.
Never in my wildest dreams could I have expected this outcome...but gold has a way it seems to break hearts everytime....will continue to hold what I have left here....and should it break down to anywere near $1500 before Q2 ends I will start building my position again in anticipation of inflation in H2.....it was a decent run but honestly I expected more from this bull run!! Silver is still intact though so I'm happy about that...other metals including uranium, lithium, cobalt are all raging right now....glad I transfered a lot of it over there in December and January~Still have 20% in gold stocks though and will try and stick it out for a while longer!

GLTA
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