Welcome to our dedicated page for Wesdome Gld Mine news (Ticker: WDOFF), a resource for investors and traders seeking the latest updates and insights on Wesdome Gld Mine stock.
Wesdome Gold Mines Ltd. reports company developments tied to its Canadian gold mining operations, centered on the Eagle River mine in Northern Ontario and the Kiena mine in Val-d'Or, Québec. News commonly covers gold production, ore milling, grades, sales volumes, financial results, cost and operating performance, and updates on mine plans.
Company announcements also cover underground exploration drilling, resource expansion work, permitting at Kiena's Presqu'île Zone, and the brownfield and greenfield exploration pipeline that supports reserve replacement and mine-life planning. Other recurring topics include share repurchase activity under its normal course issuer bid and executive leadership changes.
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Wesdome Gold Mines Ltd. (WDO) reported a strong Q1 2023 with a total production of 28,369 ounces of gold, up from 25,611 ounces in Q1 2022. Production at the Eagle River Complex yielded 20,492 ounces, while the Kiena Mine contributed 7,877 ounces. The company processed 96,607 tonnes of ore, exceeding last year's 86,252 tonnes. The Eagle River head grade improved to 13.5 g/t from 11.6 g/t, although Mishi and Kiena saw declines in head grade. With ongoing operational enhancements, Wesdome expects further production increases in the second half of 2023. The company remains on target to meet its annual production guidance.
Wesdome Gold Mines Ltd. (WDO) announced updates on mineral resources and reserves at its Kiena Mine Complex and Eagle River Mine as of December 31, 2022. Proven and probable reserves are 1.0 million ounces, with measured and indicated resources at 350,000 ounces. For 2023, the exploration budget is 137,000 metres, focusing on reserve expansion and following up on 2022's discoveries. The Kiena ramp development is ahead of schedule, expected to enhance access to high-grade zones. Current economic viability is based on a gold price of C$1,820 per ounce. The report reflects a robust approach to resource classification and modeling.