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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 snowshoedbon Jan 09, 2023 8:05pm
365 Views
Post# 35212416

Next Communication = Q4 Production... then expect Crickets

Next Communication = Q4 Production... then expect CricketsI expect production numbers this week... lets see if they come even close to the revised guidence.

I then expect silence until the year end financials are posted.

I suspect that there will be some better communication before the next AGM with respect to the exploration drilling so as to calm shareholders and reduce the venting because of missed guidence, additional costs and delays on commissioning due to supply chain snafu's and poor QA evident on the hoist wire quality.

These delays were certainly costly because existing Shareholders are staring at a 10% at the market dilution. This is a far cry from the pre tax IRR of 135% and Kiena CAPEX funded from Eagle Mine internal cash flows.

Let see if the company can recover with some timely good news. It will certainly be an interesing AGM. 
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