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Wesdome announces first quarter gold production of 22,564 oz

Apr 15, 2021

“First quarter production of 22,564 ounces was within our expectations," said Duncan Middlemiss, President and CEO.  "Eagle River grades were slightly below the low end of our guidance, however increased through the quarter, reaching 15.3 g/t in the month of March and we expect to be within guidance for the year. Underground operations showed steady improvement in efficiencies throughout the quarter and this trend is expected to continue. Mill throughput increased by 6% over Q1 2020 due to higher mill availability. Quarterly gold production is expected to increase for the remainder of the year. We remain on track to achieve our guidance of 92,000 – 105,000 ounces at the Eagle River Mine this year.

“At Kiena we completed the reconciliation of the Kiena Deep A Zone bulk sample, resulting in a positive reconciliation of 6% more gold compared to that of the mineral resource block model and subsequently sold 1,793 ounces in Q1 2021 (3,293 ounces to date). We are in the final stages of completing the pre-feasibility study and intend to publish the results this quarter.”

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