TORONTO, Feb. 14, 2012 /CNW/ - Wesdome Gold Mines Ltd. (WDO-TSX) is pleased to release updated mineral reserves and resources estimates for its 100% owned Eagle River, Kiena and Mishi gold mines as of December 31, 2011.
HIGHLIGHTS
-- Proven and Probable Reserves increased 10%, net of depletion to stand at 350,000 ounces
announces fourth quarter operating results and gold sales. Production figures are subject to final refining balances.
Fourth Quarter, 2011 Production and Sales During the fourth quarter ended December 31, 2011, the Eagle River and Kiena mines produced a total of 12,700 ounces of gold or
is pleased to provide an update of drilling results from its 100% owned Mishi Mine, currently in pre-production development.
Drilling this year has focused on examining the potential to extend the currently planned pit, both to the east and west. Results are now available for the
announced today the retirement of Mr. Donald Orr, effective December 31, 2011. Mr. Orr has served as Secretary-Treasurer and Chief Financial Officer of Wesdome and its predecessor companies since 1979.
'We want to thank Don for his significant contributions to the Company over thirty
('Wesdome' or the 'Company') reports its unaudited financial and operating results from its Canadian operations for the third quarter ended September 30, 2011. This information should be read in conjunction with the Company's interim unaudited financial statements and Management's [...]
announces weaker than anticipated third quarter gold production and sales figures.
Donovan Pollitt, P.Eng., comments, 'Strong gold prices are helping us in a transitional development year. Challenging ground conditions at Kiena and development productivity issues have delayed the
