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 [...]
Wesdome Gold Mines announces its second quarter financial results. All figures are stated in Canadian dollars unless otherwise noted. Duncan Middlemiss, President and CEO commented, “At Eagle River, the one-time challenges which temporarily impacted production, such as the hoist rope manufacturing defect and the leach tank failure have since been [...]
Wesdome Gold Mines Ltd. announces that the Company intends to release its 2022 second quarter financial results after market close on August 10, 2022. The financial statements and management discussion and analysis will be available on the Company’s website or on SEDAR. A conference call to discuss these results will be held on August 11, 2022 at [...]
Wesdome Gold Mines Ltd. announces Q2 2022 production results. All figures are in Canadian dollars unless otherwise stated. Duncan Middlemiss, President and CEO commented, “During Q2, there were a number of one-time operational issues that impacted production at both sites. At Eagle River, production was lower than budget due to a manufacturing [...]
Wesdome Gold Mines Ltd. announces the results of the Company’s 2022 annual general meeting of shareholders held by way of live webcast earlier today. A replay of the Meeting is available on the Company’s website. A total of 102,829,083 common shares were represented at the Meeting, representing 72.17% of the total issued and outstanding common [...]
Wesdome Gold Mines announces underground exploration drilling results from the Kiena Deep A Zone at the Company’s 100% owned Kiena Mine Complex in Val d'Or. Since the completion of the PFS for Kiena in 2021, underground drilling has been focussed on exploration proximal to the Kiena Deep A Zones. As part of this exploration focus, early success [...]
Wesdome Gold Mines Ltd. announces first quarter financial results. All figures are stated in Canadian dollars unless otherwise noted. Duncan Middlemiss, President and CEO commented, “In Q1, with combined production of 25,611 ounces we increased cash flow from operations by 36%, and cash margins by 39% over the same period last year, ending the [...]
Wesdome Gold Mines announces the results from recent definition and expansion drilling of the Falcon 7 Zone, at the Company’s wholly-owned Eagle River Mine near Wawa. 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 intrusion. Hence, the [...]
Wesdome Gold Mines Ltd. announces that the Company has filed a technical report prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects titled "Technical Report for the Eagle River Gold Mining Complex, Ontario, Canada" prepared by SRK Consulting Inc. as first reported in the Company's news release dated [...]
Wesdome Gold Mines Ltd. today announces that the Company intends to release its 2022 first quarter financial results after market close on May 11, 2022. The financial statements and management discussion and analysis will be available on the Company's website at www.wesdome.com or on SEDAR at www.sedar.com. A conference call to discuss these [...]
Wesdome Gold Mines Ltd. announces first quarter 2022 production results. All figures are in Canadian dollars unless otherwise stated. Duncan Middlemiss, President and CEO, commented, "Wesdome's first quarter combined production of 25,611 oz was essentially in line with expectations and represents the low quarterly production for the year, as we [...]
Wesdome Gold Mines Ltd. announces fourth quarter and full year financial results. All figures are stated in Canadian dollars unless otherwise noted. Key Highlights: Record full year production at the Eagle River Complex of 101,403 ounces Decreased Eagle River cash costs by 6% Increased revenues and cash margins by 22% Increased operating cash flows [...]
