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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 HoneyBadger77on Mar 13, 2024 11:30am
161 Views
Post# 35930593

RE:Outlook

RE:Outlook2024 Guidance 160 to 180K ounces production at $1325 US AISC with gold at nearly $2200 US and projected to go higher in the last half of 2024.  Even at $2200 gold that's a margin of nearly $900 US.   That's cash flows of between $144 and $162 million US or over $200 million CAD in 2024!

Yes I'd say WDO is just a bit undervalued here!  The share volume today in only 2 hours of trading shows that those who missed the last run up are picking up shares today in advance of the next move up.  I picked up 10K shares at the open and will be happy to buy more if it keeps falling so keep selling retail investors!

My opionion only, please DYODD.

HB77
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