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Wesdome Gold Mines Announces Third Quarter Gold Production of 29,344 Ounces, Including First 5,511 Ounces From Successful Restart of the Kiena Mine
TORONTO, Oct. 14, 2021 (GLOBE NEWSWIRE) -- Wesdome Gold Mines Ltd. (TSX: WDO) (“Wesdome” or the “Company”) today announces its gold production results for the t
About this update from Wesdome Gold Mines Ltd.
[{"type":"text","content":" TORONTO, Oct. 14, 2021 (GLOBE NEWSWIRE) -- Wesdome Gold Mines Ltd. (TSX: WDO) (“Wesdome” or the “Company”) today announces its gold production results for the third quarter of 2021 (“Q3”). Mr. Duncan Middlemiss, President and CEO commented, “At the Eagle River Underground Mine, Q3 production of 23,621 ounces was 20% lower than Q2 (29,836 ounces), which was anticipated due to two weeks of scheduled downtime for the installation of a new cone crusher and the annual mill maintenance. No project maintenance downtime is planned in the fourth quarter. Year to date production at the Eagle River Complex of 76,773 ounces leaves us very well positioned to achieve the mid to high point of our guidance range of 92,000 – 105,000 ounces. During the quarter, we commenced operations at the Kiena Mine, producing 5,511 ounces from the lower grade S-50 zone. Mill start-up in July went according to plan with no major issues. Mine operations were halted for 18 days in September for upgrading of the hoist system which has now been completed. Progress on the paste fill plant and tailings management area construction is on schedule. All key mobile has been ordered and we have already received four underground haulage trucks with the remainder of the equipment scheduled to arrive by Q2 of 2022. Late in Q3, first stope production began at the higher grade A Zone, and this is expected to increase significantly in the coming quarters. Kiena guidance for 2021 is 15,000 – 25,000 ounces, which we expect to achieve. We are extremely pleased that our second mining operation is successfully coming on line and is contributing to the greater gold production of the company.” Amounts are denominated in Canadian dollars Third Quarter Year-to-Date 2021 2020 Variance % +/(-) 2021 2020 Variance % +/(-) Ore milled (tonnes) Eagle River 56,003 44,667 11,336 25% 172,600 142,890 29,710 21% Mishi 3,727 11,533 -7,806 (68%) 30,293 36,301 -6,008 (17%) Kiena 30,470 0 30,470 100% 30,470 0 30,470 100% 90,200 56,200 34,000 60% 233,363 179,191 54,172 30% Head grade (grams per tonne, “g/t”) Eagle River 13.4 13.8 (0.4) (3%) 13.8 15....