Wesdome Gold Mines

Summary
Wesdome Gold Mines Ltd. engages in the exploration, extraction, processing, and reclamation of gold in Canada. It principally produces gold in the form of doré bars, as well as silver as a by-product. The company's properties include the Eagle River Complex that consists of the Eagle River Mine, the Mishi Mine, and the Eagle River Mill located in Wawa, Ontario; and the Kiena Mine Complex, which includes the Kiena Mine concession and Kiena Mill situated in Val-d'Or, Québec. Wesdome Gold Mines Ltd. is based in Toronto, Canada.

History

Wesdome Gold Mines Inc. was created as a joint venture in 1976 for the purpose of exploring and developing the Wesdome property in Val d'Or, Quebec, Canada. Wesdome derives its name from the joint venture between Western Quebec Mines Inc. and Dome Mines Limited.

In 1997 Western Quebec Mines bought out Dome Mines' interest.

In 1999 Wesdome Gold Mines Inc. became a publicly listed company. Wesdome Gold Mines proceeded with its advanced exploration and development on the wholly owned property.

In December 2003, Western Quebec Mines Inc. purchased the Kiena Complex and subsequently put the property into Wesdome Gold Mines Inc., completing and consolidating the Wesdome land package around Lac De Montigny. Wesdome Gold Mines' Val d'Or assets include 7,500 hectares of wholly owned property on the Kiena, Wesdome, Shawkey and Siscoe properties, as well as a 920-metre shaft, 2000 tpd CIP mill and extensive surface and underground infrastructure.

On February 1, 2006, River Gold Mines Ltd. merged with Wesdome Gold Mines Inc., to create Wesdome Gold Mines Ltd. . River Gold Mines Ltd. was formed in 1994 to consolidate ownership of the Eagle River property, located 50 km west of Wawa, Ontario. In the low gold price environment from 1997 to 2002, all other known gold deposits and mining infrastructure in the Mishibishu greenstone belt were acquired. To date, the Wawa assets have produced in excess of 1,000,000 ounces of gold from three mining projects. Wesdome Gold Mines' Wawa assets include 5200+ hectares of wholly owned property on the Eagle River and Mishi properties, a 580-metre shaft, a 1000 tpd Merril Crowe milling facility, and over 75 kilometres of underground development.

On July 10, 2007, Wesdome Gold Mines Ltd. merged with Western Quebec Mines Inc. In doing so, Wesdome added 1000 contiguous hectares to its already large Val d'Or land package, removed the controlling shareholder and simplified its corporate structure.

In January 2017 Wesdome reported a new gold discovery at its Eagle River Mine in Ontario. Underground drilling intercepted multiple high-gold intercepts including 7.08 g/t Au uncut over 8.88 metres and 28.72 g/t Au uncut over 20.67 metres.


Mission
Wesdome’s goal is to become Canada’s next significant intermediate gold producer - to achieve this, they are focused on the development and operation of existing assets while leaning into acquiring complementary assets.

Vision
To be the highest quality, low-cost, sustainable gold producer in Canada.

Key Team

Mr. Michael Michaud M.Sc., P.Geo. (VP of Exploration)

Mr. Frederic Mercier-Langevin (Chief Operating Officer)

Ms. Lindsay Carpenter Dunlop (VP of Investor Relations)

Ms. Stacy Kimmett (VP of HR)

Mr. Daniel Lapointe P.Geo., MSc. (Chief Geologist of Eagle River Mine)

Ms. Joanna Miller (VP of Sustainability and Environment)

Ms. Heather Anne Laxton (Chief Governance Officer & Corp. Sec.)


Recognition and Awards
Wesdome has been awarded numerous awards for exploration, safety, and corporate citizenship, including the Prospectors and Developers Association of Canada's Mineral Discovery of the Year Award in 2006.

References
Wesdome Gold Mines
Leadership team

Mr. Duncan Middlemiss P.Eng. (Pres, CEO & Director)

Mr. Scott Gilbert C.A., CPA, CPA, CA (Chief Financial Officer)

Mr. Rajbir Gill (VP of Corp. Devel.)

Products/ Services
Mining, Precious Metals
Headquarters
Toronto, Ontario, Canada
Established
1987
Net Income
5M - 20M
Revenue
100M - 500M
Traded as
WDO.TO
Social Media
Sun Mar 03 2024
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