Wesdome Gold Mines Ltd.

Gold Outlook

Oct 13, 2014
The gold price continues to climb. About $CDN 930 in 2008 and about $1080 thus far in 2009. Notwithstanding the trend, opinion remains divided on the future with some arguing that a “pullback” is inevitable and others saying that we are on the threshold of a major appreciation.
 
Recently, relatively high prices have brought some scrap gold to the market but we believe mine supply of gold, which peaked in 2001, will continue to trend down most years for the foreseeable future. More than other minerals, gold mining is in trouble. All the big open pits, which have driven supply for decades, are depleting and there are fewer big new on the horizon. It has been a long time since the industry replaced its reserves; serious exploration (as contrasted to serious promotion) is well down and likely to remain so. Geological targets have become fewer and political risks have become more widespread.
 
Central bank selling of gold is diminishing and Central bank buying, notably on the part of China, is increasing. The idea of “demonetizing gold,” which has been advanced aggressively in order to enhance the image of the dollar, is finally losing traction. The fate of those short hundreds of millions of ounces in expectation of demonetization remains to be seen; meanwhile the gold price appears set to continue its ascent.
 


Source: http://www.wesdome.com/why-gold/gold-outlook/

IT Analyst

This position is responsible for supporting end-users primarily at our Eagle River Mine Complex.

Junior Accountant

This position is accountable for supporting accounting processes as well as the processing of accounts payable in a manner consistent with established policies and procedures.

Senior Mine Geologist, Eagle River Mine
• Promote safe work practices and safety culture within a production-oriented environment.
• Maintain drill hole databases and monitor underground diamond drill programs.
• Supervise and participate in the selection of underground diamond drill targets.
Surface Maintenance (Hourly)

Ensure that all buildings, and infrastructures on Wesdome property, as well as roads, culverts, & bridges are properly maintained Work in a safe, environmentally friendly, and cost-effective manner.

Heavy Duty Equipment Mechanic

Heavy Equipment Mechanic is responsible, as part of a team, for maintaining the equipment and mechanical systems of the Eagle River Mine site to ensure smooth and continuous operation.

Maintenance Planner
  • Reporting to the Maintenance Projects, Mobile & Mine Fixed Plant Superintendent
  • Ensuring compliance with health and safety and environmental regulations and policies is of primary importance with this position.
Hoist Mechanic/Millwright

Reporting to the Eagle River Maintenance Planner or designate, the successful candidate will perform the maintenance and repairs of all surface, underground stationary equipment, long hole buggies, compressors rock breakers and pumps at the mine site.

Manager – Asset Management & Reliability

Reporting to the Mine General Manager, the Manger of Asset Management & Reliability will be an inspirational and innovative leader responsible and accountable for operational performance excellence in the Asset Management and Reliability Department.

Process Plant Maintenance Millwright (RED SEAL CERTIFCATION REQUIRED)
  • The Millwright is responsible for doing the maintenance of the milling operation equipment.
  • Reports to Lead hand Millwright and Mill General Foreman
Chief Mine Geologist, Eagle River Mine

The Chief Mine Geologist will be responsible and accountable for all work conducted by the Geology Department while ensuring the work is safe, cost effective and makes the most efficient use of manpower and materials.