Wesdome Gold Mines Ltd traded at 27.19 this Friday May 15th, decreasing 3.45 or 11.26 percent since the previous trading session. Looking back, over the last four weeks, Wesdome Gold Mines lost 0.51 percent. Over the last 12 months, its price rose by 61.75 percent. Looking ahead, we forecast Wesdome Gold Mines Ltd to be priced at 27.51 by the end of this quarter and at 25.84 in one year, according to Trading Economics global macro models projections and analysts expectations.
Wesdome Gold Mines Ltd. is a Canadian-focused gold producer with two high grade underground assets, the Eagle River mine in Ontario and the Kiena mine in Quebec. The Company has an exploration program both underground and on the surface within the mine area and more regionally at both the Eagle River and Kiena Complex. The Eagle River Underground Mine is located 50 kilometers west of Wawa, Ontario. The Eagle River underground mine near Wawa, Ontario is producing gold at a rate of 80,000 to 90,000 ounces per year. The Kiena Mine is located in the highly prospective Val d’Or, Quebec gold camp. The Kiena Mine is a fully permitted, integrated mining and milling infrastructure which includes a 930-meter production shaft and 2,000 tons-per-day capacity mill. The Kiena Mine Complex consists of the Kiena Mine concession, Kiena Mill, related infrastructure and equipment and land position in the Township of Dubuisson, Quebec.