Welcome to our dedicated page for WESDOME GOLD MINES news (Ticker: WDOFF), a resource for investors and traders seeking the latest updates and insights on WESDOME GOLD MINES stock.
Wesdome Gold Mines Ltd (WDOFF) is a leading gold producer with key mining assets at the Eagle River Mine in Ontario and the Kiena Complex in Quebec. The company's focus is on sustainable mining practices and the responsible extraction of gold to deliver long-term value to its stakeholders. With updated Mineral Reserve and Resources for Year-End 2023, Wesdome is well-positioned for continued growth and success in the gold mining industry.
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Wesdome Gold Mines announces positive surface exploration drilling results from the Presqu’île Zone near Kiena Mine Complex in Quebec. Highlights include 32.5 g/t over 3.0 m core length and 14.0 g/t Au over 5.3 m core length. The drilling program confirms continuity of gold mineralization and potential for down plunge extensions. The excavation of the exploration ramp is expected to proceed in Q4 2023. Mineral resource estimation as of Dec 31, 2022: 37,000 oz Indicated Mineral Resources and 48,000 oz Inferred Mineral Resource.
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Wesdome Gold Mines has resumed all underground mining and exploration activities following the containment of forest fires in Quebec. Production and ramp development are unaffected and ahead of schedule. The closest fire remains over 100 kilometers away from the mine.
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Wesdome Gold Mines Ltd. announces Q1 2023 financial results, with gold production of 28,368 ounces and cash costs of $1,192 per ounce. The company paid down $8 million of debt and $12 million in Accounts Payables during the quarter.
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FAQ
What is the current stock price of WESDOME GOLD MINES (WDOFF)?
The current stock price of WESDOME GOLD MINES (WDOFF) is $9.08 as of October 15, 2024.
What is the market cap of WESDOME GOLD MINES (WDOFF)?
The market cap of WESDOME GOLD MINES (WDOFF) is approximately 1.4B.
Where are Wesdome Gold Mines Ltd's key mining assets located?
Wesdome's key mining assets are located at the Eagle River Mine in Ontario and the Kiena Complex in Quebec.
What is Wesdome Gold Mines Ltd's focus?
Wesdome's focus is on sustainable mining practices and the responsible extraction of gold to deliver long-term value.
What are some of Wesdome Gold Mines Ltd's recent achievements?
Wesdome has updated Mineral Reserve and Resources for Year-End 2023, positioning the company for continued growth and success.
What is the aim of Wesdome Gold Mines Ltd in the gold mining industry?
Wesdome aims to deliver long-term value to its stakeholders through sustainable mining practices and responsible gold extraction.
What sets Wesdome Gold Mines Ltd apart in the industry?
Wesdome's commitment to sustainable practices and long-term value creation differentiates the company in the gold mining industry.
How can investors learn more about Wesdome Gold Mines Ltd's recent performance?
Investors can access Wesdome's Fourth Quarter and Full Year 2023 Highlights to gain insights into the company's financial and operating results.
Who leads Wesdome Gold Mines Ltd?
Anthea Bath serves as the President and CEO of Wesdome Gold Mines Ltd.
What are the key projects of Wesdome Gold Mines Ltd?
Wesdome's key projects include the Eagle River Mine in Ontario and the Kiena Complex in Quebec.
How can individuals follow Wesdome Gold Mines Ltd's updates and developments?
Individuals can stay informed through Wesdome's conference calls, webcasts, and available PDF resources.
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