Wesdome Gold Mines Ltd. (TSX: WDO) announces second quarter results.
Anthea Bath, President and CEO commented, “Combined gold production for the second quarter of 30,992 ounces was in line with budget. With a similar production profile expected in H2, our year-to-date performance of 59,360 ounces has us tracking to the mid-point of our 110,000 – 130,000 ounce guidance range.
At Eagle River, Q2 production of 22,845 ounces was 13% higher than Q1 as a result of record productivity from the underground mine, offsetting a slightly lower grade cycle related to mine plan sequencing.
At Kiena, despite the impacts from the regional forest fires, production of 8,147 ounces was an improvement over Q1. As previously guided, we continued to supply the mill with lower grade ore from the Martin and S50 zones to supplement the Kiena Deep material that is available to mine, which is mostly lower grade fringe material and diluted ore from previously mined areas. Importantly, we continue to prioritize the development of the production ramp, which remains ahead of schedule, positioning us well to ramp-up production in 2024.”
Q2 2023 Operating Performance
|Q2 2023||Q2 2022||YTD 2023||YTD 2022|
|Ore milled (tonnes)|
|Total Ore Milled||116,496||94,127||213,103||180,379|
|Head grade (grams per tonne, “g/t”)|
|Gold production (ounces)|
|Total Gold Production||30,992||27,240||59,360||52,851|
|Production sold (ounces)||32,000||26,000||62,000||54,000|
The technical content of this release has been compiled, reviewed and approved by Frédéric Langevin, Eng, Chief Operating Officer of the Company a “Qualified Person” as defined in National Instrument 43-101 –Standards of Disclosure for Mineral Projects.
Wesdome is a Canadian focused gold producer with two high grade underground assets, the Eagle River mine in Ontario and the recently commissioned Kiena mine in Quebec. The Company’s primary goal is to responsibly leverage this operating platform and high-quality brownfield and greenfield exploration pipeline to build Canada’s next intermediate gold producer.
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