 | Get all the essential market news and expert opinions in one place with our daily newsletter. Receive a comprehensive recap of the day's top stories directly to your inbox. Sign up here! |
(Kitco News) - On Monday, Wesdome Gold (TSX: WDO) reported total gold production of 28,369 ounces in Q1 2023, up 11% from Q1 2022 (25,611 ounces).
Wesdome said that at the Eagle River complex, the company saw "strong operational performance" combined with continued positive grade reconciliation from the Falcon Zone, resulting in production of 20,492 ounces.
Also as expected, the last of the stockpiled Mishi ore was processed during the quarter.
At the Kiena mine, continued operational focus resulted in production of 7,877 ounces, in line with budget, it added.
The company noted that Kiena continues to work its way through the lower grade ore as it advances the ramp in 2023, adding that development performance in the ramp to Kiena Deep continued to track ahead of schedule during the quarter.
Importantly, Wesdome pointed out it continues to expect production at both sites to be higher in the second half of the year and remains on track to deliver on guidance.
Wesdome is a Canadian focused gold producer with two high grade underground assets, the Eagle River mine in Ontario and the recently commissioned Kiena mine in Quebec. The company also retains meaningful exposure to the Moss Lake gold deposit in Ontario through its equity position in Goldshore Resources.
|
| New Gold produces 104,857 gold equivalent ounces in Q1, up 20% y-o-y |
