Wesdome Gold Mines Ltd. (TSX: WHO) announced initial production results for the third quarter in 2015. Wesdome Gold Mines is a mining, exploration and development company based in Toronto, Ontario, focused primarily on gold
Wesdome is a Canadian underground gold mining . Wesdome is in its 28th year of continuous mining operations in Canada. It currently has two producing gold mines in Wawa, Ontario, and owns two other properties, the Kiena Mine Complex in Val d’Or, Quebec and the three million ounce Moss Lake gold deposit located 100 kilometres west of Thunder Bay, Ontario
Wesdome Gold Mines Ltd. trades on the TSX Exchange under the symbol “WDO” and has 111.1 million shares outstanding.
Wesdome gold production increased by 14% over the second quarter to 14,284 ounces. During the quarter, the mill processed 44,849 tonnes of Eagle River Underground ore at a head grade of 7.7 grams of gold per tonne ("gpt") to produce 10,637 ounces of gold.
The mill also processed 43,336 tonnes of Mishi Open Pit ore at a head grade of 3.0 gpt to produce 3,647 ounces of gold.
Gold sales were 12,408 ounces at an average sales price of CAD$1,467 per ounce.
Mr. Rolly Uloth, President, commented, "Two lenses in the 300 zone came into production during the quarter as planned.
Of particular note is the 872-311 stope, which came into production in September and raised the average head grade at Eagle River to 9.0 gpt for the month of September.
At the Mishi Open Pit, grades were impressive at 3.0 g/tonne for the quarter contributing to record Mishi quarterly and annual gold production. Additionally, our Mill achieved a dry stack processing record of 959 tonnes per day during the quarter. We expect a strong finish to the year as the 300 zone continues production and our guidance remains at 55,000 to 57,000 ounces."
