
Wesdome Gold Mines Ltd. (TSX: WDO) (OTCQX: WDOFF) announces its production results for the third quarter ended September 30, 2024. The Company is also providing notice that it will release its Q3 2024 financial results after markets close on Wednesday, November 6, 2024 and host a conference call and webcast the following morning.
Q3 and YTD 2024 Production Performance
Q3 2024 | Q3 2023 | YTD 2024 | YTD 2023 | |
Ore milled (tonnes) | ||||
Eagle River | 57,984 | 55,153 | 162,168 | 167,959 |
Mishi | – | – | – | 6,150 |
Kiena | 51,321 | 47,351 | 154,334 | 141,499 |
Total ore milled | 109,305 | 102,504 | 316,502 | 315,608 |
Head grade (grams per tonne) | ||||
Eagle River | 13.1 | 11.9 | 13.4 | 12.1 |
Mishi | – | – | – | 2.3 |
Kiena | 13.1 | 4.9 | 11.1 | 5.2 |
Gold production (ounces) | ||||
Eagle River | 23,688 | 20,391 | 67,860 | 63.395 |
Mishi | – | – | – | 332 |
Kiena | 21,421 | 7,369 | 54,607 | 23,392 |
Total production | 45,109 | 27,760 | 122,467 | 87,119 |
Production sold (ounces) | 42,900 | 27,000 | 118,600 | 89,000 |
Anthea Bath, President and CEO of Wesdome, commented, “As expected, the third quarter delivered solid results, marking a steady and consistent improvement over each of the first two quarters of 2024.
“Eagle River is having a strong year. It continues to deliver quarter over quarter, benefiting from improved access to high-grade ore and consequently higher than planned mill throughput. Ramp development at depth along the 300 Zone continues to track ahead of plan, ensuring consistent access to high grade ore through the remainder of the year and into 2025.
“At Kiena, we are making excellent progress in mining high-grade ore from the 129-level horizon and expect to finish the year on a strong note. Our focus remains on improving execution consistency and achieving key milestones, including the development of the Presqu’île exploration ramp and advancing the Kiena Deep ramp to level 136, which will unlock a new mining horizon and enable us to explore extensions of the orebody.
“This operational momentum sets us up to achieve the mid-point of our 2024 production guidance range of 160,000 to 180,000 ounces, as we continue to optimize our operations and advance our exciting pipeline of near-mine exploration targets at both Eagle River and Kiena.”
About Wesdome Gold Mines Ltd.
Wesdome is a Canadian-focused gold producer with two high-grade underground assets, the Eagle River mine in Ontario and the Kiena mine in Québec. The Company’s primary goal is to responsibly leverage its operating platform and high-quality brownfield and greenfield exploration pipeline to build Canada’s next intermediate gold producer.
Pan American Energy Corp. (CSE: PNRG) (FRA: SS60) announces that ... READ MORE
Highlights: Expansional results from key target areas at the B26 ... READ MORE
Results Indicative of Expansion Potential Highlight Intercepts... READ MORE
Continued Operating Outperformance and Musselwhite Addition Provi... READ MORE
enCore Energy Corp. (NASDAQ: EU) (TSXV: EU) America’s Cle... READ MORE