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Wesdome Gold Mines Ltd T.WDO

Alternate Symbol(s):  WDOFF

Metals & Mining Gold
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

Wesdome Gold Mines Ltd > TD maintained a buy rating.
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Comment by snowshoedbon Jan 18, 2023 12:18pm
226 Views
Post# 35230849

RE:RE:TD maintained a buy rating.

RE:RE:TD maintained a buy rating. Kiena will be unprofitable at 4-5 g/ton. They closed the mine previously when grades were under 6 g/t.... over 20 years ago!

The stock is going to go down. And won't recover until 2024.

The question one must ask themselves now yes, even in 2024 will they be able to execute successfully?

I hope this doesn't turn out to be another Hope Bay or Pure Gold. 
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