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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 garmin1on Feb 03, 2022 8:25pm
147 Views
Post# 34395590

RE:Rational for Lack of Drilling Updates?

RE:Rational for Lack of Drilling Updates?

The news flow in 2021, though it was sparse, it was very very good, first the amazing footwall discovery batch of news at Kiena followed quickly by a positive Kiena restart decision. Over at Eagle news was super quiet except for the quite interesting release in December. All said, this market continues to be blase and unimpressed with gold. It's a zero sum game folks, too many are sitting on their bloated butts in all things digital. Today Facebook/Meta gave them a bit of fright, but until something like 1999 2.0 begins to loom greater in their minds, which it eventually will, things will continue to be sluggish here.
In my mind, why should management hustle putting out frequent news when all the general market does is yawn at it, and in the process provide potential acquirers with greater insight to base a takeover on. My advice to management, release only what is absolutely necessary for the time being.
I'll continue to HODL my decent exposure to gold.


 

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