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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 PulpCutteron Jan 17, 2023 2:48pm
166 Views
Post# 35228794

RE:RE:RE:Market Sentiment - WDO

RE:RE:RE:Market Sentiment - WDO

LOL - I don't know much.  I'm from Boston, and closest I've come to geomechanics is teaching 3D elasticity out of Pat Selvadurai's geomechanics book (he's at McGill).  

When looking up Mercier, when he was hired, I did notice he did a masters in geomechanics (which IMO is fking hard), and wrote at least one scientific paper on the state-of-the-art seismic monitoring system that he developed at LaRonde.  It's difficult to not suspect Middlemiss knew just what expertise Kiena needed, and went out and got exactly that.

So my best GUESS is that Middlemiss and Mercier have it in hand, Kiena will become of the order of Macassa (or possibly richer), but that progress will be slower than expected.

On the other hand, there are no technical difficulties with telling us where things stand with the credit facility, and the ATM program, with the upcoming production report. If WDO does not make that clear statement , IMIO it will be hard to interpret in a positive light...

*Coincidently, I am sort of prepping for a trip retracing the old canoe route, up the Ottawa River from Montreal, then down the Harricana to Hudson's Bay.  The portage betweent the two watersheds happens to be 5km SSW of Kiena; Lac de Montigny drains in to Hudson's Bay.  So I may get a chance to gain some knowledge about Val d'Or.

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