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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

Post by garmin1on Nov 19, 2024 2:31pm
136 Views
Post# 36320266

Wesdome the acquiror?

Wesdome the acquiror?Another thing that could be putting a chill on WDO is maybe the two remaining Newmont mines for sale, Elenore and Porcupine. This would likely loom in the minds of every worry wart wise guy out there that a potential purchase by WDO could dent their trading portfolio for a week or two.
This being said, yesterday Orla purchased Newmont's Musselwhite asset, Orla actually rallied on the news. Another interesting asset out there for a WDO acquisition is Amex Exploration, market cap now at $145M CAD, 100 kms north of Kiena.
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