Wesdome Gold Mines Ltd. is pleased to announce the appointment of Louise Grondin to the Company's Board of Directors. Ms. Grondin retired from Agnico Eagle Mines Ltd. in January 2021 as Senior Vice-President, People and Culture. Since joining Agnico Eagle in 2001, she had held various leadership positions, including Senior Vice President, Environment, Sustainable Development and People. Previously, Ms. Grondin worked for [...]
Wesdome Gold Mines Ltd. announces today the retirement of Duncan Middlemiss as President and Chief Executive Officer of the Company and resignation from the board of directors of the Company . Warwick Morley-Jepson, the Chair of the Board, will act as Interim President and Chief Executive Officer to manage the Company as the Board works with an executive search firm to select a permanent successor. In order to ensure an [...]
Wesdome Gold Mines Ltd. today announces it has established an at-the-market equity program allowing Wesdome to issue and sell up to $100 million common shares from treasury to the public from time to time at the Company's sole discretion and at the prevailing market price. Sales of the Common Shares under the ATM Program will be made pursuant to the terms of an equity distribution agreement dated December 2, 2022 entered [...]
Wesdome Gold Mines Ltd. today announces that commercial production has been achieved at the Company's Kiena mine in Val d'Or, Quebec effective December 1st, 2022. The commissioning of the paste fill plant has progressed well in November, with an underground test pour successfully completed on November 17th. Demonstrating the viability of the paste fill plant was the final element for Kiena to meet its commercial [...]
Wesdome Gold Mines Ltd. today announces underground exploration drilling results from the Kiena Deep A Zone at the Company's 100% owned Kiena Mine Complex in Val d'Or, Quebec. Since the completion of the PFS in 2021 and subsequent preproduction activities, underground drilling has been focussed on exploration to test sectors proximal to the Kiena Deep A Zones. As part of this exploration focus, early success discovered [...]
Wesdome Gold Mines Ltd. today announces its third quarter financial results. All figures are stated in Canadian dollars unless otherwise noted. Duncan Middlemiss, President and CEO commented, "During Q3, we are pleased to have made significant advancements on the build out at Kiena, such as completing the hoist refurbishment project during the July shut down. As well, the remaining key electrical components for the paste [...]
Wesdome Gold Mines Ltd. today announces that the Company intends to release its 2022 third quarter financial results after market close on November 9, 2022. The financial statements and management discussion and analysis will be available on the Company's website at www.wesdome.com and on SEDAR at www.sedar.com. A conference call to discuss these results will be held on November 10, 2022 at 10:00 am ET. Participants may [...]
Wesdome Gold Mines Ltd. today announces third quarter 2022 production results. All figures are in Canadian dollars unless otherwise stated. Duncan Middlemiss, President and CEO commented, "Eagle River production for the quarter was in line with revised guidance. During Q3, there was a planned shut down in July to complete mill upgrades and refurbishment work, which went according to plan and has already yielded [...]
Wesdome Gold Mines Ltd. today announces the results from recent surface exploration at the Company's wholly-owned Eagle River Mine near Wawa, Ontario. Falcon 7 Zone Historically, mineralization of the Eagle River Mine has been hosted in the mine diorite; however, the Falcon 7 Zone is hosted in volcanic rocks west of the mine diorite. Recent underground development and initial mining at lower levels has confirmed the high [...]
Wesdome Gold Mines Ltd. today announces surface exploration drilling results from the Presqu'île Zone at the Company's 100% owned Kiena Mine Complex in Val d'Or, Quebec. Since the completion of the PFS for the Kiena Mine in 2021, both surface and underground drilling has been more focused on exploration targets proximal to the Kiena Mine. Initially this drilling has been completed along strike from the Kiena Mine within [...]
Wesdome Gold Mines Ltd. today announces that it has executed an amended and restated credit agreement that upsizes its senior secured revolving credit facility , led by National Bank Financial Inc. to $80 million immediately and to $150 million upon declaration of commercial production at Kiena. The facility also features more favourable covenants, lowers the margin of borrowing, and extends the term to August 25, 2025 [...]
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