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 [...]
Wesdome Gold Mines Ltd. today announces first quarter financial results. All figures are stated in Canadian dollars unless otherwise noted. Mr. Duncan Middlemiss, President and CEO commented, “In Q1, mill availability improved to 89%, resulting in 55,874 tonnes milled at a head grade of 14.0 grams per tonne for 24,457 ounces produced, 36% increase over the previous year at the Eagle River Underground Mine. With our strong [...]
Wesdome Gold Mines Ltd. today announces that the Company intends to release its first quarter 2020 financial results after market close on May 5, 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 May 6 at 10:00 am ET. Wesdome invites participants to join [...]
Wesdome Gold Mines Ltd. today announces its gold production results for the first quarter of 2020 . Mr. Duncan Middlemiss, President and CEO commented, “First quarter production of 25,122 ounces was within budget, however grade was slightly lower due to stope sequencing. Mill feed increased by 34% to 735 tonnes per day compared to Q1 2019. With the COVID-19 pandemic occurring at the end of Q1 and subsequent health and [...]
Wesdome Gold Mines Ltd. today announces updates on operations and activities at the Eagle River Complex in Wawa, Ontario and the Kiena Complex in Val d’Or, Quebec. The Eagle River complex has further reduced operations, which will be in effect until the resumption of normal activities is deemed safe and appropriate. Non-production related work, such as exploration, and mine construction activities, and the Mishi Open Pit [...]
Wesdome Gold Mines Ltd. would like to inform all stakeholders that in accordance with the Government of Quebec’s order to close non-essential services until April 13, 2020, the Company is temporarily suspending exploration and development activities at its Kiena Complex in Val d’Or, Quebec. A small crew of essential employees will remain on site to provide security and other necessary services. Mr. Duncan [...]
Wesdome Gold Mines Ltd. would like to inform all stakeholders of its response to the current COVID-19 Pandemic. To date no employees, contractors, or consultants directly involved with Wesdome, whether at corporate or at sites, have been diagnosed with COVID-19. Mr. Duncan Middlemiss, President and CEO stated, “These are unprecedented times and information and government actions are constantly changing. I would like [...]
Wesdome Gold Mines Ltd. and full year 2019 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 2019: Production increased by 28% over 2018. Cash costs decreased by 9% over 2018 [...]
Wesdome Gold Mines Ltd. today announces additional results from the ongoing underground definition and exploration drilling at its 100% owned Kiena Mine Complex, in Val d'Or, Quebec. Seven underground drills are now in operation completing the infill and up and down plunge extension drilling of the Kiena Deep A Zone. This drilling has continued to confirm the overall continuity of the geometry and the high grade gold [...]
Wesdome Gold Mines Ltd. today announces results from the ongoing underground and surface exploration drilling program at the Company’s wholly-owned Eagle River Mine in Wawa, Ontario. Falcon Zones Surface drilling continues to extend and better define the Falcon Zones, located in volcanic rocks approximately 200 metres west of the mine diorite . The Falcon Zones occur near the contact between tholeiitic mafic [...]