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Wesdome Announces Third Quarter Production Results
Wesdome Gold Mines Ltd. (TSX: WDO) announces third quarter results.
Q3 2023 Operating Performance
| Q3 2023 | Q3 2022 | YTD 2023 | YTD 2022 | |
| Ore milled (tonnes) | ||||
| Eagle River | 55,153 | 52,247 | 167,959 | 165,428 |
| Mishi | – | 3,595 | 6,150 | 23,153 |
| Kiena | 47,351 | 16,112 | 141,499 | 63,752 |
| Total Ore Milled | 102,505 | 71,954 | 315,608 | 252,333 |
| Head grade (grams per tonne, “g/t”) | ||||
| Eagle River | 11.9 | 10.7 | 12.1 | 10.6 |
| Mishi | – | 2.8 | 2.3 | 3.2 |
| Kiena | 4.9 | 10.2 | 5.2 | 9.5 |
| Gold production (ounces) | ||||
| Eagle River | 20,391 | 17,405 | 63,395 | 54,495 |
| Mishi | – | 270 | 332 | 2,005 |
| Kiena | 7,369 | 5,208 | 23,392 | 19,234 |
| Total Gold Production | 27,760 | 22,883 | 87,119 | 75,734 |
| Production sold (ounces) | 27,000 | 27,500 | 89,000 | 81,500 |
Notes:
- Numbers may not add due to rounding
Anthea Bath, President and CEO commented, “As expected, combined production in Q3 was slightly lower than Q2 (30,992 ounces) as a result of planned mill maintenance at Eagle River. At Kiena, ramp development continues to track ahead of schedule, positioning us well to develop and access higher grade reserves in H1 2024. We are also pleased to announce that towards the end of the quarter, we received the necessary permit required to drive an exploration ramp at Presqu’île. This authorization allows us to assess the continuity of the mineralization and test the down plunge extension of the deposit.
With an uptick in production expected in the fourth quarter, our year to date performance of 87,119 ounces has us tracking to the mid-point of our 110,000 – 130,000 ounce guidance range.
The Company also announces that it has issued its fourth annual Environmental, Social, and Governance Report, which provides an overview of the company’s ESG strategies, policies, risk management approach and commitments. The report also outlines year-over-year Company performance from 2018-2022 across these key sustainability objectives. We are proud of our accomplishments over the last year and remain committed to strong sustainability performance in the future.”
A copy of the 2022 ESG report can be found on the company’s website in the Responsibility section under “Policies and Reports.”
Technical Disclosure
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.
ABOUT WESDOME
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
Posted October 16, 2023
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