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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 bossuon Mar 14, 2023 8:38pm
122 Views
Post# 35338736

RE:RE:Reserves & Resources - Comments

RE:RE:Reserves & Resources - CommentsAbsolutely d'ont agree with your point number 3 
A 2000 tons per day is not for 2024 but most probably for 2025 
So just assume a 1000 tons/day for a 100 000 oz in 2024 and 2000 tons per day in 2025
Of course it's pretty far away but I will have plenty of time to trade WDO frquently !
Buy low and sell a little higher assuming variation in the gold price and drilling results all along .
Example just been buying at an average $ 6,20 and sold part at $ 6,65 for $ 0,45 profit ...buying back at $ 6,40 to sell at $ 6,84 for $ 0,44 profit and still holding at $ 6,95 to wait and see !
Plain and simple.
As I told you before Kiena is a 1980 known storey for me and I think that we are due for a ''Big'' splash in the next futur and exactlely what has happened  with Macassa Mine not far away and 5 years ago we were informed by Tony M that the deeper they were drilling the higher the grade was .This is a great and rewarding time for me because at the time I was pettty well invested in Kirland Gold mine.
Why not the same storey for WDO.
Time will tell !

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