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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 Woodporteron Mar 13, 2024 6:43pm
130 Views
Post# 35931568

RE:RE:RE:RE:RE:why the bid miss?

RE:RE:RE:RE:RE:why the bid miss?The stock was ripe for a pullback because of the large recent gains relative to most of the other miners. Today's action also looks like the initial softness set off a bit of a panic. 

The quarter was weak on earnings, but that is the wrong metric to focus on, and was also expected.

As Bandit has highlighted, they have some superbly better years coming. Free cash flow should be remarkable.

I was a buyer today in a big way (for me) even though I was already a bit heavy in it. When they give them away so readily, who am I to decline their generosity.

WP
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