Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 7tapason Jan 18, 2023 11:37am
222 Views
Post# 35230734

Not backing up the truck yet, no catalyst except gold price

Not backing up the truck yet, no catalyst except gold price or exploration results. And will they release poitive exploration results before reporting non-positive financials? IMO, Nope.

"The company is expected to report its 2022 financial results after market close on February 22. We will remain focused on the balance sheet.

Wesdome last reported $25mm of cash (September 30) and US$40mm drawn (November 9) on its $150mm credit facility (which was increased from $80mm when the company declared commercial production at Kiena on December 1). Recall, on December 2, Wesdome announced an at-the-market equity program to issue and sell up to $100mm common shares"

Looks like they broke even +/- 10 million on working capital with those Q4 results.
<< Previous
Bullboard Posts
Next >>