Wesdome Gold Mines Ltd. today announces its third quarter financial results. All figures are stated in Canadian dollars unless otherwise noted. Duncan Middlemiss, President and CEO commented, "During Q3, we are pleased to have made significant advancements on the build out at Kiena, such as completing the hoist refurbishment project during the July shut down. As well, the remaining key electrical components for the paste [...]
Wesdome Gold Mines Ltd. today announces that the Company intends to release its 2022 third quarter financial results after market close on November 9, 2022. The financial statements and management discussion and analysis will be available on the Company's website at www.wesdome.com and on SEDAR at www.sedar.com. A conference call to discuss these results will be held on November 10, 2022 at 10:00 am ET. Participants may [...]
Wesdome Gold Mines Ltd. today announces third quarter 2022 production results. All figures are in Canadian dollars unless otherwise stated. Duncan Middlemiss, President and CEO commented, "Eagle River production for the quarter was in line with revised guidance. During Q3, there was a planned shut down in July to complete mill upgrades and refurbishment work, which went according to plan and has already yielded [...]
Wesdome Gold Mines Ltd. today announces the results from recent surface exploration at the Company's wholly-owned Eagle River Mine near Wawa, Ontario. Falcon 7 Zone Historically, mineralization of the Eagle River Mine has been hosted in the mine diorite; however, the Falcon 7 Zone is hosted in volcanic rocks west of the mine diorite. Recent underground development and initial mining at lower levels has confirmed the high [...]
Wesdome Gold Mines Ltd. today announces surface exploration drilling results from the Presqu'île Zone at the Company's 100% owned Kiena Mine Complex in Val d'Or, Quebec. Since the completion of the PFS for the Kiena Mine in 2021, both surface and underground drilling has been more focused on exploration targets proximal to the Kiena Mine. Initially this drilling has been completed along strike from the Kiena Mine within [...]
Wesdome Gold Mines Ltd. today announces that it has executed an amended and restated credit agreement that upsizes its senior secured revolving credit facility , led by National Bank Financial Inc. to $80 million immediately and to $150 million upon declaration of commercial production at Kiena. The facility also features more favourable covenants, lowers the margin of borrowing, and extends the term to August 25, 2025 [...]
Wesdome Gold Mines announces its second quarter financial results. All figures are stated in Canadian dollars unless otherwise noted. Duncan Middlemiss, President and CEO commented, “At Eagle River, the one-time challenges which temporarily impacted production, such as the hoist rope manufacturing defect and the leach tank failure have since been addressed. Head grade at Eagle River in Q2 averaged 9.6 g/t, which is below [...]
Wesdome Gold Mines Ltd. announces that the Company intends to release its 2022 second quarter financial results after market close on August 10, 2022. The financial statements and management discussion and analysis will be available on the Company’s website or on SEDAR. A conference call to discuss these results will be held on August 11, 2022 at 10:00 am ET. Participants may register for the call at the link below to [...]
Wesdome Gold Mines Ltd. announces Q2 2022 production results. All figures are in Canadian dollars unless otherwise stated. Duncan Middlemiss, President and CEO commented, “During Q2, there were a number of one-time operational issues that impacted production at both sites. At Eagle River, production was lower than budget due to a manufacturing defect on a new hoist rope, resulting in two weeks of lower productivity as ore [...]
Wesdome Gold Mines Ltd. announces the results of the Company’s 2022 annual general meeting of shareholders held by way of live webcast earlier today. A replay of the Meeting is available on the Company’s website. A total of 102,829,083 common shares were represented at the Meeting, representing 72.17% of the total issued and outstanding common shares of the Company. All matters presented for shareholder approval at the [...]
Wesdome Gold Mines announces underground exploration drilling results from the Kiena Deep A Zone at the Company’s 100% owned Kiena Mine Complex in Val d'Or. Since the completion of the PFS for Kiena in 2021, underground drilling has been focussed on exploration proximal to the Kiena Deep A Zones. As part of this exploration focus, early success discovered the Footwall Zones last year, and drilling continues to expand [...]
Wesdome Gold Mines Ltd. announces first quarter financial results. All figures are stated in Canadian dollars unless otherwise noted. Duncan Middlemiss, President and CEO commented, “In Q1, with combined production of 25,611 ounces we increased cash flow from operations by 36%, and cash margins by 39% over the same period last year, ending the quarter with $52.5 million in cash. This is sufficient to fund our final year [...]
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