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Wesdome: Gold Production On Pace To Top 2019 Guidance

Kitco News

(Kitco News) - Wesdome Gold Mines Ltd. (TSX:  WDO) said Tuesday that the company is on pace to exceed its 2019 production guidance.

Second-quarter gold output was 22,437 ounces, which was up from 16,628 in the same period a year ago.

“Second-quarter production was much stronger than originally anticipated due to the 303 lens continuing to outperform on both budgeted grade and tones,” said Duncan Middlemiss, president and chief executive officer. “In Q2, this lens averaged a mucked grade of 41.1 grams per tonne, and we expect this strong performance to continue from this area in the second half of the year.

“Year to date production of 41,446 ounces has exceeded the upper end of our first-half guidance range (35,000 ounces) by 18%. We are maintaining H2 2019 guidance of 41,000 [to] 45,000 ounces. The low end of this range will result in forecast production slightly exceeding the top end of our annual guidance range of 80,000 ounces.”

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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