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Wesdome Gold Mines Ltd T.WDO

Alternate Symbol(s):  WDOFF

Metals & Mining Gold
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

Wesdome Gold Mines Ltd > why the bid miss?
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Comment by HoneyBadger77on Mar 13, 2024 3:29pm
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Post# 35931187

RE:RE:RE:why the bid miss?

RE:RE:RE:why the bid miss?According to Amber on BNN (Bloomberg Business News Network), she indicated on the show that the main reason for the miss in Q4 earnings were:
  • Net income and adjusted net income for the fourth quarter of 2023 of $2.4 million ($0.02 per share). The quarter included a non-cash deferred tax impact of $8.6 million but was still $5.9 million higher than the corresponding period in 2022.
Here's the rest in a link from the financial post:  
Wesdome Announces Fourth Quarter and Full Year 2023 Financial Results; Provides Annual Mineral Reserve and Resource Update | Financial Post

I don't know but from what I'm seeing overall a positive Q4 and a positive 2024 = higher share price.

Apparently a Desjardin analyst also expressed concerns with some additional unexpected costs (yeah OK).

Hope this helps.

HB77
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