Wesdome Gold Mines Ltd. - WDOFF STOCK NEWS

Welcome to our dedicated news page for Wesdome Gold Mines Ltd. (Ticker: WDOFF), a resource for investors and traders seeking the latest updates and insights on Wesdome Gold Mines Ltd..

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Wesdome Gold Mines Ltd.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Wesdome Gold Mines Ltd.'s position in the market.

04/22/2024 07:30 AM

News

Wesdome Provides Senior Management Update

Rhea-AI Summary

Wesdome Gold Mines announces the resignation of Senior Vice President, Exploration and Resources, Michael Michaud, effective July 11, 2024. The Company expresses gratitude for his contributions and begins the search for a replacement to maintain excellence in exploration and resource development.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

-7.64%

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04/15/2024 05:00 PM

News

Wesdome Announces First Quarter 2024 Production Results; Provides Timing of First Quarter Financial Results

Rhea-AI Summary

Wesdome Gold Mines announces first quarter 2024 production results, showing a strong performance with total gold production of 33,322 ounces. The company plans to release its financial results on May 8, 2024, expecting significant production and free cash flow growth for the year.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

1.05%

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04/08/2024 03:00 AM

News

Wesdome Provides Kiena Exploration Update; Drilling Continues to Grow Kiena Deep and Intercept High Grades Near Mine Infrastructure

Rhea-AI Summary

Wesdome Gold Mines provides an update on its underground exploration activities at the Kiena Mine in Quebec, showcasing impressive drilling results and plans for significant exploration in 2024.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

5.03%

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03/12/2024 05:02 PM

News

Wesdome Announces Fourth Quarter and Full Year 2023 Financial Results; Provides Annual Mineral Reserve and Resource Update

Rhea-AI Summary

Wesdome Gold Mines Ltd. announces its Q4 2023 results, highlighting a 39% increase in gold production and a 80% rise in cash margins compared to 2022. The company achieved net income of $2.4 million in Q4 2023. AISC for 2023 was $2,231 per ounce, showing favorable production and cost performance. Wesdome's Mineral Reserves and Resources for 2023 increased by 12% compared to 2022, with ambitious exploration plans for 2024.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

-4.43%

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02/21/2024 07:00 AM

News

Wesdome Appoints Fernando Ragone as Chief Financial Officer

Rhea-AI Summary

Wesdome Gold Mines Ltd. appoints Mr. Fernando Ragone as Senior Vice President, Chief Financial Officer, bringing almost three decades of global mining industry experience. Mr. Ragone's previous roles include Chief Financial Officer at Bear Creek Mining Corp and Baffinland Iron Mines Corp.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

3.08%

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02/20/2024 04:30 PM

News

Wesdome Continues to Grow Recently Discovered High Grade Falcon 311 Zone at Eagle River

Rhea-AI Summary

Wesdome Gold Mines Ltd. announces additional drill results from the Falcon 311 Zone near the Eagle River Mine, showcasing high-grade gold mineralization. The Company's ongoing drilling efforts aim to expand this new discovery, potentially increasing mining horizons and returns. The Falcon 311 Zone, open in all directions, demonstrates promising prospectivity in an area historically underexplored. Wesdome's technical details reveal gold mineralization occurring within intermediate volcaniclastic, indicating strong potential for further exploration and growth.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

3.08%

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01/15/2024 05:00 PM

News

Wesdome Announces Fourth Quarter and Full Year 2023 Production Results; Provides Multi-Year Guidance and Management Update

Rhea-AI Summary

Wesdome Gold Mines Ltd. announces fourth quarter and full year 2023 production results, providing multi-year production and operating guidance, as well as a management update. The company's Q4 2023 production figures, 2024 production and operating guidance, and 2025 production expectations are detailed. The company also discusses the Presqu'île Project development update, 2023 conference call and webcast, and management updates.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

-0.36%

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12/11/2023 04:30 PM

News

Wesdome Drilling Continues to Return High Grades Over Mineable Widths From Recently Discovered Zones Both West and East of the Mine Diorite at the Eagle River Mine

Rhea-AI Summary

Wesdome Gold Mines Ltd. (TSX: WDO, OTCQX: WDOFF) announces additional drill results from the newly discovered Falcon 311 zone and gold mineralization along the mine diorite at the Eagle River Mine. The results indicate potential mineability and extended mine life with high-grade gold values in volcanic rocks. The Company's President and CEO, Anthea Bath, expressed optimism about the significant broader intervals and consistent gold grades, highlighting the strength of the mineralized system and the potential of surrounding volcanic rocks.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

-2.57%

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12/06/2023 04:30 PM

News

Wesdome Early Warning News Release

Rhea-AI Summary

Wesdome Gold Mines Ltd. (WDO) has sold 31,822,249 common shares of Goldshore Resources Inc. (GSHR) for $3,182,225, reducing its ownership to 7.4% from 15.5%. The company may acquire or dispose of more shares based on market conditions and Goldshore's prospects.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

-1.98%

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11/08/2023 04:30 PM

News

Wesdome Announces Third Quarter 2023 Financial Results

Rhea-AI Summary

Wesdome Gold Mines Ltd. (TSX: WDO) announces Q3 2023 financial results, including 27,760 ounces of gold produced, a $3.2 million net loss, and $142.6 million in available liquidity. The company reaffirms 2023 production guidance of 110,000 to 130,000 ounces and cost guidance for cash costs, all-in sustaining costs, and capital expenditures.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

-7.18%

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