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Wesdome Announces Fourth Quarter and Full Year Production Results for 2015
Wesdome Announces Fourth Quarter and Full Year Production Results for 2015 Wesdome...
About this update from Wesdome Gold Mines Ltd.
[{"type":"text","content":"\n\n\n\nWesdome Announces Fourth Quarter and Full Year Production Results for 2015\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 Fourth Quarter and Full Year Production Results for 2015\nCanada NewsWire\nTORONTO, Jan. 18, 2016\n\n\n\nTSX:WDO\n\n\n\nTORONTO, Jan. 18, 2016 /CNW/ - Wesdome Gold Mines Ltd. (TSX: WDO) today announces gold production results for the fourth quarter and full year 2015. \n\nFourth quarter (Q4) production at the Eagle River Underground Mine increased 10% over the third quarter (Q3) to 11,744 ounces, and head grades improved 19% to 9.2 grams per tonne (\"gpt\"). Eagle River tonnes milled during Q4 were 42,185. At the Mishi Open Pit Mine Q4 production was 2,068 ounces a 43% decrease over Q3. Head grade at Mishi in Q4 was 2.3 gpt compared to 3.0 gpt in Q3. Mishi tonnes milled during the quarter were 33,101, a 24% decrease compared to Q3. The combined Q4 production was 13,812 ounces, a 3% decrease compared to 14,284 ounces in Q3. Gold sales were 16,023 ounces at an average sales price of CAD$1,473 per ounce. \n\nFor the full year 2015, 173,189 tonnes were milled at a head grade of 7.8 gpt from the underground Eagle River Mine at a recovery rate of 94.8% to produce 41,132 ounces. At the open pit Mishi Mine, 132,942 tonnes were milled at a head grade of 2.6 gpt at a recovery of 87.4% to produce 9,580 ounces.  The total combined production for 2015 was 50,712 ounces, a 3.5% decrease compared to 52,575 ounces in 2014. Gold sales for the year were 49,804 ounces at an average sales price of CAD$1,475 per ounce.\n\nMr. Rolly Uloth, President and CEO commented, \"At the Eagle River Underground Mine, the 300 zone commenced production in the third quarter, with the fourth quarter seeing full production from this zone, resulting in a significant improvement in head grades. During Q4, we had planned on full extraction of the high grade 872-300 stope for three lifts but the last production uphole blast did not fully achieve the desired extraction and this remnant ore will now be mined in 2016.\"\n\n\"In 2016, production at the Eagle River ...