Wesdome Gold Mines Ltd. today announces first quarter results. Warwick Morley-Jepson, Board Chair and Interim CEO commented, "2023 is off to a strong start with total combined first quarter production of 28,369 ounces. We are also pleased to see progressive ramp up and development at Kiena and continue to expect production at both sites to be higher in the second half of the year. We remain on track to deliver on [...]
Wesdome Gold Mines Ltd. today announces updated Mineral Resource and Mineral Reserve updates at the Company's 100% owned Kiena Mine Complex in Val d'Or, Quebec and at the Eagle River Mine near Wawa, Ontario. High Grade Mineral Reserve Base - At December 31, 2022, Wesdome's combined proven and probable mineral reserves totalled 1.0 million ounces gold); combined measured and indicated mineral resources were 350 thousand [...]
Wesdome Gold Mines Ltd. today announces fourth quarter and full year financial results. All figures are stated in Canadian dollars unless otherwise noted. Key Highlights: Eagle River Eagle River underground mine processed 223,735 tonnes at an average grade of 11.5 gpt to produce 79,997 ounces with the underground producing 231,000 tonnes of broken ore. Completed additional drilling and ore development at the Falcon Zone [...]
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. Over the past several years, underground drilling has focussed on testing areas proximal to the Kiena Deep A zones. As part of this exploration focus, early success discovered the Footwall zones in 2021. Subsequently in 2022, exploration confirmed [...]
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 [...]