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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 snowshoedbon Feb 08, 2023 10:23am
191 Views
Post# 35274261

RE:RE:RE:RE:RE:See diagram

RE:RE:RE:RE:RE:See diagramWhat do you say is true. But what is omitted is the fact that they took on $150 million worth of that they weren't expecting due to the delays. That will cost $10-$12 million a year to service. And then they further are going to dilute the shareholders by around 10% by issuing another hundred million dollars worth of shares. 

these are significant costs and dilution to existing shareholders

Oh, posters are correct that movie all mine will be unprofitable at 4pm. Any futhets delays or problems will increase costs. Which is why I sold  1/3 of my position. Q4-22 will be bad but Q1 will be even worse. Dark the next two quarterly reports and punish the company
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