Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here!
(Wallace Refiners) – Wesdome Gold Mines (TSX:WDO) reported today that the company produced 22,564 ounces of gold in Q1 2021, a 10% decline compared to Q1 2020 (25,122 ounces).
According to the company’s statement, Q1 2021 production was within its expectations. Eagle River grades were slightly below the low end of the guidance, however increased through the quarter, reaching 15.3 g/t in the month of March and expected to be within guidance for the year. Quarterly gold production is expected to increase for the remainder of the year.
Wesdome added that at Kiena, the company is in the final stages of completing the pre-feasibility study and intend to publish the results this quarter.
The company asserted it remains on track to achieve its guidance of 92,000 – 105,000 ounces at the Eagle River mine this year.
Wesdome Gold Mines is a 100% Canadian focused company that has had over 30 years of continuous gold mining operations in Canada. The company’s strategy is to build an intermediate gold producer, producing 200,000+ ounces from two mines in Ontario and Quebec.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Wallace Precious Metals The author has made every effort to ensure accuracy of information provided; however, neither Wallace Precious Metals nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Wallace Precious Metals and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
