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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 Digger0144on Feb 06, 2023 1:44pm
285 Views
Post# 35269719

Exceptional Opportunity...Time to Buy...For Sure..

Exceptional Opportunity...Time to Buy...For Sure..Their Kiena Mine on a stand alone opportunity is outstanding at this point in time.  I am going to post a link to their news release dated December 1, 2022 when they announced commercial production at the mine

At that point since their acquisition in 2017 Westdome had invested 250 million on the Kiena Mine.


Since 2017, the Company has invested approximately $250 million into Kiena, including exploration, development, studies, and infrastructure, primarily financed from free cash flow generated from the Eagle River mine.

Wesdome Gold Mines Ltd. - Wesdome Declares Commercial Production at the Kiena Mine

I strongly believe that a buyout is imminent...the current market cap is 900 million...Kiena alone will be worth that as they ramp up production and move closer to the exceptional high grade at depth and begin extracting the ore.  Incredible grades and mining widths.  I will post a link to the latest exploration drilling results...outstanding!


  • Hole 6796W6: 92.1 g/t Au over 50.7 m core length (23.3 g/t Au capped, 5.5 m true width) A1 Zone
  • Hole 6796W4: 18.7 g/t Au over 48.0 m core length (9.0 g/t Au capped, 5.0 m true width) A1 Zone
  • Hole 6752W10: 13.9 g/t Au over 83.2 m core length (9.9 g/t Au capped) New deep Zone. True width is unknown at this time.

I will begin buying soon...I hold no shares at this time...I am waiting for the "dust" to settle..both in the gold price and recent sell off in Westdome.  I will not be able to determine where the bottom is..but..I believe we are close.  Time to begin buying...absolutely!

All the Best!
Digger0144

P.S.  A stumble...but..not a fall.


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