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Wesdome Gold reports 10% production decline in Q1 2021, on track to meet annual guidance

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(Kitco News) - Wesdome Gold Mines (TSX:WDO) reported today that the company produced 22,564 ounces of gold in Q1 2021, a 10% decline compared to Q1 2020 (25,122 ounces).

According to the company’s statement, Q1 2021 production was within its expectations. Eagle River grades were slightly below the low end of the guidance, however increased through the quarter, reaching 15.3 g/t in the month of March and expected to be within guidance for the year. Quarterly gold production is expected to increase for the remainder of the year.

Wesdome added that at Kiena, the company is in the final stages of completing the pre-feasibility study and intend to publish the results this quarter.

The company asserted it remains on track to achieve its guidance of 92,000 – 105,000 ounces at the Eagle River mine this year.

Wesdome Gold Mines is a 100% Canadian focused company that has had over 30 years of continuous gold mining operations in Canada. The company’s strategy is to build an intermediate gold producer, producing 200,000+ ounces from two mines in Ontario and Quebec.

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