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Wesdome Gold Mines Increases Third Quarter Gold Production By 14%
Wesdome Gold Mines Increases Third Quarter Gold Production By 14% Wesdome Gold Min...
About this update from Wesdome Gold Mines Ltd.
[{"type":"text","content":"\n\n\n\nWesdome Gold Mines Increases Third Quarter Gold Production By 14%\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.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\nWesdome Gold Mines Increases Third Quarter Gold Production By 14%\nCanada NewsWire\nTORONTO, Oct. 13, 2015\n\n\n\n\n \n\nSets Mishi and Mill Production Records\n\n \n\nTSX:WDO\n\n\n\n\nTORONTO, Oct. 13, 2015 /CNW/ - Wesdome Gold Mines Ltd. (TSX: WDO) announces preliminary production results for the third quarter of 2015. \n\nWesdome gold production increased by 14% over the second quarter to 14,284 ounces.  During the quarter, the mill processed 44,849 tonnes of Eagle River Underground ore at a head grade of 7.7 grams of gold per tonne (\"gpt\") to produce 10,637 ounces of gold. The mill also processed 43,336 tonnes of Mishi Open Pit ore at a head grade of 3.0 gpt to produce 3,647 ounces of gold.  Gold sales were 12,408 ounces at an average sales price of CAD$1,467 per ounce. \n\nMr. Rolly Uloth, President, commented, \"Two lenses in the 300 zone came into production during the quarter as planned. Of particular note is the 872-311 stope, which came into production in September and raised the average head grade at Eagle River to 9.0 gpt for the month of September.  At the Mishi Open Pit, grades were impressive at 3.0 g/tonne for the quarter contributing to record Mishi quarterly and annual gold production.  Additionally, our Mill achieved a dry stack processing record of 959 tonnes per day during the quarter.  We expect a strong finish to the year as the 300 zone continues production and our guidance remains at 55,000 to 57,000 ounces.\"\n\nABOUT WESDOME\n\nWesdome Gold Mines Ltd. is in its 28th year of continuous gold mining operations in Canada.  The Company is currently producing from its Eagle River and Mishi gold mines in Wawa, Ontario, which have earned consistent free cash flow during times of low gold prices.  Wesdome's corporate goal is to build a profitable, long-life, sustainable gold mining Company with modest initial capital costs.  This strategy has enabled the ...