Wesdome Gold Mines Ltd.

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 [...]

Wesdome Gold Mines Ltd. is pleased to announce positive results from the independent Preliminary Economic Assessment prepared in accordance with National Instrument 43-101 at its 100% owned Kiena Complex in Val d’Or, Quebec. All figures are stated in Canadian dollars unless otherwise stated. Highlights of the PEA: After-tax IRR of 102% After-tax NPV $416 million Preproduction capital cost of $35 million Sustaining [...]

Wesdome Gold Mines Ltd. today announces details on its upcoming Hybrid Annual and Special Meeting of Shareholders to be held on June 2, 2020 at 10:00 a.m. Eastern Time. This year, to proactively deal with the unprecedented public health impact of the ongoing novel coronavirus disease outbreak , to mitigate risks to the health and safety of our communities, shareholders, employees and other stakeholders, and to comply with [...]

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, compiled subsequent to the Company’s February 19, 2020 press release. In addition, pursuant to a recent announcement from the Government of Quebec providing relief from certain emergency measures implemented on March 25, 2020 in [...]