Business
Wesdome Gold Mines Ltd. - Eagle River Operations Update
TORONTO , Sept. 5, 2013 /CNW/ - On Sunday, September 1, 2013 , a lightning strike hit the...
About this update from Wesdome Gold Mines Ltd.
[{"type":"text","content":"\n\n\nTORONTO, Sept. 5, 2013 /CNW/ - On Sunday, September 1, 2013, a lightning\n strike hit the Company's main electrical transformer at the Eagle River\n mining and milling complex located 50 km due west of Wawa, Ontario.\n\n\nBackup diesel generators are sufficient to maintain limited services\n only.  A replacement transformer and backup transformer have been\n sourced and full service is expected to be restored in approximately 2\n weeks.\n\n\nRolly Uloth, CEO stated \"It's unfortunate as we were making good\n progress increasing mill efficiency.  Throughput had been up about 50%\n so far in the third quarter, compared to the average in the first\n half.  For the months of July and August, Eagle River operations\n produced approximately 7,800 ounces of gold.  We will assess our\n options and flexibility to attain annual production guidance and report\n accordingly.\"\n\n\nABOUT WESDOME\n\n\nWesdome is in its 26th year of continuous mining operations in Canada.  It currently has two\n producing gold mines in Wawa, Ontario and owns the Kiena Complex in Val\n d'Or, Québec.  The Company has 101.8 million shares issued and\n outstanding and trades on the Toronto Stock Exchange under the symbol\n \"WDO\".\n\n\nThis news release contains \"forward-looking information\" which may\n include, but is not limited to, statements with respect to the future\n financial or operating performance of the Company and its projects.\n Often, but not always, forward-looking statements can be identified by\n the use of words such as \"plans\", \"expects\", \"is expected\", \"budget\",\n \"scheduled\", \"estimates\", \"forecasts\", \"intends\", \"anticipates\", or\n \"believes\" or variations (including negative variations) of such words\n and phrases, or state that certain actions, events or results \"may\",\n \"could\", \"would\", \"might\" or \"will\" be taken, occur or be achieved.\n Forward-looking statements involve known and unknown risks,\n uncertainties and other factors which may cause the actual results,\n performance or achievements of the Company to be materially different\n from any future results, performance or achievements expressed or\n implied by the forward-looking statements. Forward-looking statements\n contained herein are made as of the date of this press release and the\n Company disclaims ...