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Wesdome Gold Mines

About the Company




Wesdome Gold Mines Inc. was created as a joint venture in 1976 for the purpose of exploring and developing the Wesdome property in Val d’Or. Wesdome derives its name from the joint venture between Western Quebec Mines Inc. and Dome Mines Ltd. In 1997 Western Quebec Mines bought out Dome Mines’ interest. In 1999 Wesdome Gold Mines Inc. became a publicly listed company. Wesdome Gold Mines proceeded with its advanced exploration and development on the wholly-owned property. In December of 2003, Western Quebec Mines Inc. purchased the Kiena Complex and subsequently put the property into Wesdome Gold Mines Inc., completing and consolidating the Wesdome land package around Lac De Montigny. Wesdome Gold Mines’ Val d’Or assets include 7,500 hectares of wholly owned property on the Kiena, Wesdome, Shawkey and Siscoe properties, as well as a 920 metre shaft, 2000 tpd CIP mill and extensive surface and underground infrastructure.
 
On February 1, 2006, River Gold Mines Ltd. merged with Wesdome Gold Mines Inc, to create Wesdome Gold Mines Ltd. (WDO-TSX). River Gold Mines Ltd. was formed in 1994 to consolidate ownership of the Eagle River property, located 50km west of Wawa, Ontario. In the low gold price environment from 1997-2002, all other known gold deposits and mining infrastructure in the Mishibishu greenstone belt were acquired. To date, the Wawa assets have produced in excess of 1,000,000 ounces of gold from three mining projects. Wesdome Gold Mines’ Wawa assets include 5200+ hectares of wholly owned property on the Eagle River and Mishi properties, a 520 metre shaft, a 1000 tpd Merril Crowe milling facility, and over 75 kilometres of underground development.
 
On July 10, 2007 Wesdome Gold Mines Ltd. merged with Western Quebec Mines Inc. In doing so, Wesdome added 1000 contiguous hectares to its already large Val d’Or land package, removed the controlling shareholder and simplified its corporate structure.
 
Wesdome Gold Mines is 100% unhedged and has never hedged. Our strengths are quality gold deposits and an experienced, efficient operating team. Wesdome Gold Mines is a low-overhead, no-nonsense, owner-operated company working for its shareholders. Furthermore, Wesdome Gold Mines has the capacity to build and operate underground gold mines, a rare skill in an era driven by contract mining.
 
Improving gold markets will enable the Company to execute its vision of regional development centred on both the Kiena Complex and the Eagle River Mine. The Company plans to replicate this successful strategy elsewhere.
Wesdome Gold Mines Ltd. trades on the TSX Exchange under the symbol “WDO” and has 111.1 million shares outstanding.

October 13, 2014
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Wesdome is a Canadian underground gold mining company with a head office in Toronto, Ontario. Wesdome is in its 28th year of continuous mining operations in Canada.