CALLS FOR INDEPENDENT OPERATIONAL REVIEW TORONTO, June 9, 2016 /CNW/ - Resolute Performance Fund ("Resolute" or "we"), an investment fund managed by Resolute Funds Limited, the largest shareholder of Wesdome Gold Mines Ltd. (TSX: WDO) ("Wesdome" or the "Corporation"), today calls on Wesdome to commission an independent review to assess the Corporation's mining operations and to develop concrete solutions to address the [...]
TSX:WDO TORONTO, June 9, 2016 /CNW/ - Wesdome Gold Mines Ltd. (TSX: WDO) ("Wesdome" or the "Company") is pleased to announce the sale of certain mining claims, including the Joubi and Dubuisson Ouest properties and a portion of the Mine Ecole property in Val d'Or Quebec, to Agnico Eagle Mines Ltd. ("Agnico Eagle"). The sale price of the claims is C$7 million. The transaction includes surface rights, drill core, resource [...]
Attention shareholders who already voted in connection with the AGM previously scheduled on May 17, 2016: You need to vote again for your vote to count at the rescheduled June 14, 2016 AGM In order for shareholders to see long-term value creation at Wesdome it is imperative to stay the course with the strong leadership of the enhanced board the Company has nominated TORONTO, June 8, 2016 /CNW/ - [...]
TSX:WDO TORONTO, May 31, 2016 /CNW/ - Wesdome Gold Mines Ltd. (TSX: WDO) is pleased to announce further encouraging drill results and initial drifting results from its ongoing 7 Zone exploration target at its wholly-owned Eagle River Mine, Wawa, Ontario. Initial encouraging drill results from 11 drill holes (900-E-74 to 900-E-84) were released February 23, 2016. This press release provides results from 15 new underground [...]
The erratic withhold campaign initiated by Resolute Fund's Tom Stanley will introduce unnecessary risk into shareholders' investments in Wesdome In order for shareholders to see long-term value creation at Wesdome it is imperative they stay the course with the strong leadership of the enhanced board the Company has nominated TORONTO, May 30, 2016 /CNW/ - Wesdome Gold Mines Ltd. (TSX: WDO) ("Wesdome" or the "Company [...]
Wesdome Gold Mines and Canoe Mining Ventures are pleased to announce that the parties have closed their previously announced agreement whereby Wesdome has purchased from Canoe Mining, a 100% interest in the Coldstream Project and the Hamlin-Deaty Creek Property ("Hamlin"), which are near to Wesdome's Moss Lake properties located 100 kilometres due west of Thunder Bay, Ontario (collectively, the "Properties"). With this [...]
TSX:WDO TORONTO, May 16, 2016 /CNW/ - Wesdome Gold Mines Ltd. (TSX: WDO) ("Wesdome" or the "Company") today responds to a press release issued by Resolute Performance Fund, an investment fund managed by Resolute Funds Limited ("Resolute"). Early this morning, one day prior to the Annual Meeting of Shareholders, the Board of Directors of Wesdome received a letter from Resolute detailing concerns with operations and [...]
TSX:WDO TORONTO, May 11, 2016 /CNW/ - Wesdome Gold Mines Ltd. (TSX: WDO) ("Wesdome" or the "Company") today announces financial results for the first quarter of 2016. 2016 FIRST QUARTER SUMMARY Gold production of 8,036 ounces Eagle River underground production of 6,254 ounces at a recovered grade of 4.9 grams per tonne ("gpt"), with a reduced mill recovery rate of 88% due to lower head grades Mishi Open Pit mine [...]
/NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR DISSEMINATION IN THE UNITED STATES/ TORONTO, April 29, 2016 /CNW/ - Wesdome Gold Mines Ltd. (TSX:WDO)("Wesdome" or the "Company") is pleased to announce that it has closed its previously announced public offering (the "Offering") of 10,465,000 common shares ("Common Shares") at a price of C$1.65 per Common Share, for total gross proceeds of C$17,267,250, including the [...]
TSX:WDO TORONTO, April 15, 2016 /CNW/ - Wesdome Gold Mines Ltd. (TSX: WDO) today announces gold production results for the first quarter of 2016 (Q1). Q1 combined production at the Eagle River Complex was 8,036 ounces. Eagle River Underground Mine tonnes milled during Q1 were 39,839 tonnes at a recovered grade of 4.88 grams per tonne ("gpt") to produce 6,254 ounces. At the Mishi Open Pit Mine tonnes milled were 36,287 at [...]
TORONTO, ONTARIO--(Marketwired - April 11, 2016) - NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR DISSEMINATION IN THE UNITED STATES Wesdome Gold Mines Ltd. ("Wesdome" or the "Company") (TSX:WDO), is pleased to announce it has entered into an agreement with a syndicate of underwriters (the "Underwriters") co-led by National Bank Financial Inc. and Mackie Research Capital Corporation, and including Dundee Capital Markets [...]
TORONTO, April 11, 2016 /CNW/ - Wesdome Gold Mines Ltd. (TSX: WDO) ("Wesdome" or the "Company") is pleased to announce the appointment of Heather Laxton as Corporate Secretary. Ms. Laxton has 20 years of corporate secretarial, corporate governance, and securities regulation experience with a focus on the mining sector in Canada, Europe, Russia and West Africa. She has served in several senior management and executive [...]