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Wesdome ups gold production 47% in Q3, receives first ounces from Kiena mine restart

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(Kitco News) - Wesdome Gold Mines (TSX: WDO) announced today that the company produced 29,344 ounces of gold in Q3 2021, a 47% increase compared to 20,008 ounces produced in Q3 2020.

Importantly, the company said that during the quarter, it commenced operations at the Kiena mine, producing 5,511 ounces from the lower grade S-50 zone. Mill start-up in July went according to plan with no major issues and the company expects to produce between 15,000 ounces and 25,000 ounces at Kiena in 2021, Wesdome added.

President and CEO Duncan Middlemiss commented, "At the Eagle River underground mine, Q3 production of 23,621 ounces was 20% lower than Q2 (29,836 ounces), which was anticipated due to two weeks of scheduled downtime for the installation of a new cone crusher and the annual mill maintenance. No project maintenance downtime is planned in the fourth quarter."

He added, "Year to date production at the Eagle River Complex of 76,773 ounces leaves us very well positioned to achieve the mid to high point of our guidance range of 92,000 – 105,000 ounces. We are extremely pleased that Kiena is successfully coming on line and is contributing to the greater gold production of the company."

Wesdome is Canadian focused with two producing underground gold mines. The company’s strategy is to build Canada’s next intermediate gold producer, producing 200,000+ ounces from two mines in Ontario and Québec.

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