Wesdome Gld Mine - WDOFF STOCK NEWS

Wesdome Gold Mines Ltd. announced its first quarter 2022 production results, with combined output of 25,611 ounces, reflecting a 14% increase from Q1 2021. Despite challenges including unscheduled downtime at Kiena and staff absences due to COVID-19, the company expects improved performance in the second half of the year. Key metrics showed a total ore milled of 86,252 tonnes and revenue from gold sales of $66.6 million, marking a 45% increase year-over-year. The company aims for commercial production at Kiena by mid-year, moving towards its goal of being Canada’s next intermediate gold producer.

Wesdome Gold Mines Ltd. reported strong financial results for Q4 2021 and the full year, highlighting record production of 123,843 ounces of gold, a 37% increase from 2020. Q4 cash flow surged by 274% to $48.2 million, with net income reaching $24.8 million or $0.18 per share. The company's cash costs decreased by 6% to $990 per ounce, although AISC rose to $1,408 per ounce. The Kiena Mine is ramping up production, contributing 22,440 pre-commercial ounces. 2022 guidance targets production of 160,000-180,000 ounces at reduced cash costs of $875-970 per ounce.

Wesdome Gold Mines Ltd. reports promising underground exploration results from the Kiena Deep A Zone at its Kiena Mine Complex in Quebec. High-grade drilling results confirm the continuity of mineralization along the basalt-ultramafic contact and the extension of the Footwall Zone. The drilling indicates gold grades of up to 74.6 g/t and plans for aggressive exploration in 2022 with a budget of $17.7 million. The company anticipates total production of 64,000 to 75,000 ounces for the year, with higher output expected in H2 2022, potentially enhancing project economics.

Wesdome Gold Mines plans to release its 2021 fourth quarter and full year financial results on March 10, 2022, after market close. A conference call will follow on March 11 at 10:00 am ET. The company emphasizes COVID-19 safety measures while facing potential operational impacts due to the virus. Wesdome operates two underground gold mines in Canada, aiming for over 200,000 ounces of production annually. The Eagle River Mine produces 92,000 - 105,000 ounces per year, while the Kiena Complex is a fully permitted underground mine.

Wesdome Gold Mines Ltd. announced strong Q4 and full-year 2021 production results, with total production of 101,403 ounces of gold, exceeding guidance. Q4 production from the Eagle River Complex reached 24,630 ounces, while Kiena produced 16,929 ounces. The combined revenue from gold sales was $262.6 million. For 2022, Wesdome forecasts a production increase to 160,000–180,000 ounces and lower costs, with cash costs projected between $875 - $970 per ounce. The company remains cautious due to potential COVID-related operational challenges.

Wesdome Gold Mines Ltd. has announced significant mineral discoveries at the Eagle River Mine in Ontario, including the new North Contact Zone and additional zones parallel to the Falcon 7 Zone. Recent drilling results show high gold grades, such as 12.19 g/t over 3.7 m and 9.26 g/t over 1.5 m, confirming the mine's potential for continued mineralization. The company highlights ongoing development works, particularly on the 355 m level, which may enhance resource growth. CEO Duncan Middlemiss expressed optimism about these new findings and the mine's future.

Wesdome Gold Mines reports Q3 2021 financial results, achieving gold production of 29,344 ounces, a 47% increase from last year. The company is positioned to meet its guidance of 92,000 to 105,000 ounces for 2021. Kiena's pre-commercial production reached 5,511 ounces, with further ramp-up expected. Revenue rose 23% to $67.5 million, with operating cash flows of $33.9 million. However, cash costs at Kiena are higher than expected at $1,844 per ounce. The company remains well-funded, with a cash balance of $69.5 million, supporting ongoing exploration and production activities.

Wesdome Gold Mines Ltd. (WDO) plans to release its third quarter 2021 financial results on November 10, 2021, with a conference call scheduled for November 11, 2021, at 10:00 am ET. The company is prioritizing health and safety measures amid COVID-19, with operations currently maintained but subject to risks that could impact future production. Wesdome is focused on becoming a leading gold producer in Canada, targeting over 200,000 ounces from its two mines in Ontario and Québec. The Eagle River mine is producing 92,000-105,000 ounces annually.

Wesdome Gold Mines announced its Q3 2021 gold production results, reporting 29,344 ounces for the quarter, a 47% increase compared to Q3 2020. The Eagle River mine produced 23,621 ounces, a 20% decrease from Q2 due to scheduled downtimes. The newly operational Kiena mine contributed 5,511 ounces. Year-to-date, the company has produced 82,284 ounces and aims for guidance of 92,000 – 105,000 ounces overall for 2021. Revenue from gold sales reached $67.5 million, up 23% year-over-year.