TORONTO, Sept. 5, 2013 /CNW/ - On Sunday, September 1, 2013, a lightning
strike hit the Company's main electrical transformer at the Eagle River
mining and milling complex located 50 km due west of Wawa, Ontario.
Backup diesel generators are sufficient to maintain limited services
only. A replacement transformer and backup transformer have been
sourced and full service is expected to be restored in approximately 2
weeks.
Rolly Uloth, CEO stated "It's unfortunate as we were making good
progress increasing mill efficiency. Throughput had been up about 50%
so far in the third quarter, compared to the average in the first
half. For the months of July and August, Eagle River operations
produced approximately 7,800 ounces of gold. We will assess our
options and flexibility to attain annual production guidance and report
accordingly."
ABOUT WESDOME
Wesdome is in its 26th year of continuous mining operations in Canada. It currently has two
producing gold mines in Wawa, Ontario and owns the Kiena Complex in Val
d'Or, Québec. The Company has 101.8 million shares issued and
outstanding and trades on the Toronto Stock Exchange under the symbol
"WDO".
This news release contains "forward-looking information" which may
include, but is not limited to, statements with respect to the future
financial or operating performance of the Company and its projects.
Often, but not always, forward-looking statements can be identified by
the use of words such as "plans", "expects", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates", or
"believes" or variations (including negative variations) of such words
and phrases, or state that certain actions, events or results "may",
"could", "would", "might" or "will" be taken, occur or be achieved.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of the Company to be materially different
from any future results, performance or achievements expressed or
implied by the forward-looking statements. Forward-looking statements
contained herein are made as of the date of this press release and the
Company disclaims any obligation to update any forward-looking
statements, whether as a result of new information, future events or
results or otherwise. There can be no assurance that forward-looking
statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
statements. The Company undertakes no obligation to update
forward-looking statements if circumstances, management's estimates or
opinions should change, except as required by securities legislation.
Accordingly, the reader is cautioned not to place undue reliance on
forward-looking statements.
SOURCE: Wesdome Gold Mines Ltd.
Rolly Uloth
President & CEO
416-360-3743 ext 25
Philip Ng, P.Eng.
Chief Operating Officer
416-360-3743 ext 23
George Mannard, P.Geo.
Vice President, Exploration
416-360-3743 ext 22
8 King St. East, Suite 1305
Toronto, ON, M5C 1B5
Toll Free: 1-866-4-WDO-TSX
Phone: 416-360-3743, Fax: 416-360-7620
Email: invest@wesdome.com, Website: www.wesdome.com
Copyright CNW Group 2013