Wesdome Gold Mines Ltd. and full year 2020 financial results. The Company's full consolidated financial statements and management discussion & analysis are available on SEDAR at www.sedar.com and on the Company's website at www.wesdome.com. All figures are stated in Canadian dollars unless otherwise noted. Key highlights of 2020: Production of 90,278 ounces. Company free cash flow1 generation of $29.0 million, net of [...]
Wesdome Gold Mines Ltd. today announces that the Company intends to release its fourth quarter and full year 2020 financial results after market close on March 10, 2021. The financial statements and management discussion and analysis will be available on the Company's website at www.wesdome.com or on SEDAR at www.sedar.com. A conference call to discuss these results will be held on March 11 at 10:00 am ET. Wesdome invites [...]
Wesdome Gold Mines Ltd. today announces additional results from underground definition and exploration drilling at the Company's 100% owned Kiena Mine Complex in Val d'Or, Quebec. Kiena Deep A Zone Drilling Over the past year, underground drilling was focused on definition drilling of the A Zone, which successfully upgraded a large portion of inferred resources to the indicated category, . Drilling has since refocused on [...]
Wesdome Gold Mines Ltd. today announces that the Company has filed an independent technical report prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects supporting the mineral resource estimate for the Kiena Mine Complex in Val d'Or, Quebec, reported in the Company's news release dated December 15, 2020. The technical report, titled "Update of the Mineral Resource Estimate [...]
Wesdome Gold Mines Ltd. is pleased to announce that it has entered into a definitive purchase agreement with Goldshore Resources Inc. to monetize its Moss Lake Project located in Ontario, Canada . Pursuant to the Agreement, Goldshore will acquire all of Wesdome's property, assets and rights related to Moss Lake. Following the closing of the Transaction , Goldshore will hold a 100% interest in Moss Lake. Under the terms of [...]
Wesdome Gold Mines Ltd. today announces fourth quarter and full year 2020 production results and 2021 guidance. All figures are in Canadian dollars unless otherwise stated. Production from the Eagle River Complex in Q4 2020 totaled 20,006 ounces of gold, putting full year 2020 production at 90,278 ounces, meeting the low end of our unadjusted 2020 production guidance. 2020 Highlights: Eagle River gold production of [...]
Wesdome Gold Mines Ltd. is pleased to announce an updated Mineral Resource Estimate at its 100% owned Kiena Mine Complex, in Val d'Or, Qu?bec. This estimate shall form the basis on which the Kiena Prefeasibility Study is founded. The company plans to complete the PFS in H1 of 2021, and contingent upon those results, decide on the potential next steps and timing of the Kiena Mine restart. HIGHLIGHTS Definition drilling [...]
Wesdome Gold Mines Ltd. today announces results from the ongoing underground exploration drilling program at the Company’s wholly-owned Eagle River Mine in Wawa, Ontario. 300 East Zone Ongoing extension and definition drilling of the 300 East Zone has continued to return high grade gold intersections. The 300 East Zone, previously defined from the 750 m-level to 1,000 m-level, has now been extended to the 1,400 [...]
Wesdome Gold Mines Ltd. today announces initial results from underground development on the A Zone at the Company’s 100% owned Kiena Mine Complex in Val d'Or, Quebec. Kiena Deep A Zone Development In addition to the ongoing definition drilling, sill development is currently being completed on the Kiena Deep A Zone on 111 Level. The development will provide an opportunity to confirm the geologic interpretation of the [...]
Wesdome Gold Mines Ltd. today announces third quarter financial results. All figures are stated in Canadian dollars unless otherwise noted. Mr. Duncan Middlemiss, President and CEO commented, “During Q3, Wesdome generated operating cash flow of $25.5 million or $0.18 per share and free cash flow of $3.2 million, , or $0.02 per share, ending the quarter with a cash position of $73.5 million . Cash costs for the quarter [...]
Wesdome Gold Mines Ltd. today announces its gold production results for the third quarter of 2020 . All figures are in Canadian dollars unless otherwise stated. Mr. Duncan Middlemiss, President and CEO commented, “Production in the third quarter of 20,008 ounces was lower than the previous quarter due to annual planned mill maintenance from May deferred to August, and the upgrade of the hoist control system affecting the [...]
Wesdome Gold Mines Ltd. today announces that the Company intends to release its third quarter 2020 financial results after market close on November 3, 2020. The financial statements and management discussion and analysis will be available on the Company’s website at www.wesdome.com or on SEDAR at www.sedar.com. A conference call to discuss these results will be held on November 4 at 10:00 am ET. Wesdome invites [...]
