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, “In Q3, cash costs of $815 per ounce were relatively flat over the previous quarter . All-in sustaining costs of $1,344 per ounce were higher than those incurred in Q2 due to a $4 million investment, or $168 per ounce into the [...]
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. The Company is continuing to develop the 303 Lens that was initially discovered in 2015. This continued development has demonstrated the good continuity of the gold mineralization up and down plunge and highlights the consistent high grades and [...]
Wesdome Gold Mines Ltd. today announces that the Company intends to release its third quarter 2019 financial results after market close on November 6, 2019. 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 7, 2019 at 10:00 am ET. Wesdome [...]
Wesdome Gold Mines Ltd. today announces its gold production results for the third quarter of 2019 . Mr. Duncan Middlemiss, President and CEO commented, “Gold production in Q3 increased 29% over Q2 due largely to the continued stellar performance from our 303 area. With year to date production of 70,356 ounces, nearly the low end of our full year guidance range of 72,000 – 80,000 ounces, we are raising 2019 [...]
Wesdome Gold Mines Ltd. is pleased to announce that on September 27, 2019 it closed its previously announced senior secured revolving credit facility , with National Bank Financial Inc. acting as the sole arranger . The size of the NBF Facility was increased from the initially contemplated $40.0 million to $45.0 million, and replaces the Company’s previous $36.0 million credit facility. The NBF Facility has a [...]
Wesdome Gold Mines Ltd. today announces its inclusion in the Toronto Stock Exchange’s inaugural TSX30, a flagship program recognizing the 30 top-performing TSX stocks over a three-year period based on dividend-adjusted share price appreciation. Mr. Duncan Middlemiss, President and CEO, commented, “We are very appreciative and proud to be one of the thirty companies selected by the Toronto Stock Exchange, the [...]
Canada's premier equities marketplace launches new program to showcase top performing companies, TSX to host market open ceremony September 27 Toronto Stock Exchange today announced the inaugural TSX30, a flagship program recognizing the 30 top-performing TSX stocks over a three-year period based on dividend-adjusted share price appreciation. The list of 2019 winners features both newer and established listed companies [...]
Wesdome Gold Mines Ltd. is pleased to announce an updated mineral resource estimate at its 100% owned Kiena Mine Complex, in Val d'Or, Québec. The updated Mineral Resource Estimate includes drill data as of August 6, 2019 and includes an additional 140 drill holes, for a total of 36,050 m drilled since October 12, 2018 being the close-out date for the Kiena mineral resource estimate announced on December 12, 2018 [...]
Wesdome Gold Mines Ltd. today announces that the Company intends to release its Kiena Resource update on September 25, 2019. A teach-in will begin at 2:00 pm ET the same day at the TMX Broadcast Centre, located at 130 King West, Toronto, Ontario, M5X 1C9. The event, held for analysts and institutional investors, will feature presentations from Duncan Middlemiss, President and CEO, and Michael Michaud, Vice President of [...]
S&P Dow Jones Indices today announces the rebalancing results for the S&P/TSX Composite Index. The following changes will be effective prior to the open of trading on Monday, September 23, 2019. S&P/TSX COMPOSITE INDEX – September 23, 2019 COMPANY GICS SECTOR GICS SUB-INDUSTRY ADDED Ballard Power Systems Inc Industrials Electrical Components & Equipment ADDED Equitable Group Inc Financial Thrifts & Mortgage Finance ADDED [...]
Wesdome Gold Mines Ltd. today announces second quarter financial results. All figures are stated in Canadian dollars unless otherwise noted. Mr. Duncan Middlemiss, President and CEO commented, “In Q2, the Eagle River operations generated $6.7 million in free cash flow, of which $5.5 million was reinvested into the Kiena Complex. Cash and all-in sustaining costs were lower than the previous quarter, with all-in [...]
Wesdome Gold Mines Ltd. today announces additional results from the ongoing underground definition and exploration drilling of the Kiena Deep A Zone at its 100% owned Kiena Mine Complex, in Val d'Or, Quebec. Four drills continue to operate on the 1050 metre level exploration ramp completing the infill and immediate plunge extension drilling of the Kiena Deep A Zone in preparation for an updated resource estimate expected [...]
