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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 31, 2023 11:26pm
168 Views
Post# 35258609

RE:RE:RE:Oversold

RE:RE:RE:Oversold

This is from Silver Lake's quarterly, just out, discussing the reasons why they're lowering guidance for the Sugar mine (used to be Harte) which is near Eagle:

"Sugar Zone guidance has been revised to 45,000 to 50,000 ounces (from 50,000 to 60,000 ounces) predominantly associated with a shortfall of development metres limiting the access to scheduled stoping fronts throughout H1 FY23"

"YTD mining tonnes are below plan driven by a shortfall in development metres, predominantly driven by manning shortages, equipment availability of aged fleet and a prioritisation of site resources to capital projects during the summer/autumn construction window. The shortfall in development metres has limited the ability to access scheduled stoping fronts and consistently increase ore mining rates beyond 800tpd during H1 FY23."

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I could cut and paste similar sections from a number of miners, citing problems with labor costs, labor shortages ,and supply constraints.  Wesdome, Silver Lake, Ramelius, Superior, etc..

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