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Wesdome announces first quarter 2016 production results
Wesdome announces first quarter 2016 production results Wesdome announces first qu...
About this update from Wesdome Gold Mines Ltd.
[{"type":"text","content":"\n\n\n\nWesdome announces first quarter 2016 production results\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nWesdome announces first quarter 2016 production results\nCanada NewsWire\nTORONTO, April 15, 2016\n\n\n\n\n \n\n \n\nTSX:WDO\n\n\n \n\nTORONTO, April 15, 2016 /CNW/ - Wesdome Gold Mines Ltd. (TSX: WDO) today announces gold production results for the first quarter of 2016 (Q1). \n\nQ1 combined production at the Eagle River Complex was 8,036 ounces. Eagle River Underground Mine tonnes milled during Q1 were 39,839 tonnes at a recovered grade of 4.88 grams per tonne (\"gpt\") to produce 6,254 ounces.  At the Mishi Open Pit Mine tonnes milled were 36,287 at a recovered grade of 1.53 gpt to produce 1,782 ounces. At quarter end, ounces in stockpile after applying mill recoveries were an estimated 550 ounces for the Eagle River Underground Mine and an estimated 1,460 ounces for the Mishi Open Pit Mine. The Eagle River mill averaged 846 tonnes per day (TPD) for Q1, comparable to the fourth quarter of 2015 but below our target of 980 TPD as we undertook plant repairs and upgrades in the leaching circuit as well as the filtration circuit to boost mill throughput, utilization and improve gold recoveries.  \n\nGold sales were 8,100 ounces at an average sales price of CAD$1,640 per ounce. \n\nMr. Rolly Uloth, President and CEO commented, \"As previously disclosed in our fourth quarter and full year 2015 Management's Discussion and Analysis, Q1 production was constrained to the extraction of lower grade remnant reserve blocks in the upper part of the mine as development of higher grade reserve blocks was slower than anticipated due to scooptram mechanical issues. Development into the higher grade reserve blocks commenced late in Q1 with the addition of a rental scooptram, and will accelerate with the delivery of additional equipment in Q2. As a result, Q2 production is forecast at approximately 12,000 ounces, and grade and ounces are expected to further increase in the second half of the year.\" \n\nThe contents of this press release has been compiled and ...