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 [...]
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. Although exploration drilling is currently operating at a reduced capacity due to COVID-19 restrictions, three underground drills and one surface drill are in operation. One drill continues to better define and extend the down plunge extension of [...]
Wesdome Gold Mines Ltd. today announces additional results from underground definition drilling and development activities at the Company’s 100% owned Kiena Mine Complex in Val d'Or, Quebec. Kiena Deep A Zone Drilling Seven underground drills are in operation completing primarily definition drilling, with a lesser amount of extension drilling, of the Kiena Deep A Zone . Between May and August, a total of 21 holes [...]
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, “During Q2, Wesdome generated operating cash flow of $30.2 million or $0.22 per share and free cash flow of $17.7 million, net of an investment of $6.0 million in Kiena, or $0.13 per share, ending the quarter with a cash position of [...]
Wesdome Gold Mines Ltd. today announces that the Company intends to release its second quarter 2020 financial results after market close on August 11, 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 August 12 at 10:00 am ET. Wesdome invites [...]
Wesdome Gold Mines Ltd. today announces its gold production results for the second quarter of 2020 . All figures are in Canadian dollars unless otherwise stated. Mr. Duncan Middlemiss, President and CEO commented, “First and foremost I would like to thank our employees, contractors, and suppliers, without whose dedication and perseverance we would not succeed during these unprecedented times. Our second quarter production [...]
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 Falcon zones were originally discovered from surface drilling located in volcanic rocks approximately 200 metres west of the mine diorite . The Falcon Zones occur near the contact between tholeiitic mafic volcanic and calc-alkaline felsic to [...]
Wesdome Gold Mines Ltd. today announces the filing of an independent Preliminary Economic Assessment technical report for the Kiena Mine, Quebec, which has been prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects. The technical report, titled "Preliminary Economic Assessment for the Kiena Mine Complex Project” has been prepared by BBA Inc. The results of the PEA were [...]
Wesdome Gold Mines Ltd. announces the results of the Company’s 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 71,804,870 common shares were represented at the Meeting, representing 51.86% of the total issued and outstanding common shares of the Company. All matters presented for shareholder approval at the Meeting [...]
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