Business
Wesdome Gold Mines Ltd. - Second Quarter Gold Production and Sales Improve
TORONTO, July 17, 2012 /CNW/ - Wesdome Gold Mines Ltd (TSX: WDO) is pleased to announce pre...
About this update from Wesdome Gold Mines Ltd.
[{"type":"text","content":"\n\n\n\n\n\nTORONTO, July 17, 2012 /CNW/ - Wesdome Gold Mines Ltd (TSX: WDO) is\n pleased to announce preliminary production and sales figures for the\n second quarter and first half ended June 30, 2012.  Production numbers\n are subject to final refining balances.\n\n\nDonovan Pollitt, President, commented \"Overall we see a 20% increase in\n production over the first quarter, 2012 and a 44% increase in\n production relative to the second quarter, 2011.  For the first half,\n 2012, production increased 12% compared to the first half of 2011. \n Realized gold prices have increased 16% over those realized in the\n first half of 2011.  We still have a lot of work to do to get back to a\n highly profitable position, but are encouraged by the short term\n production trends.\"\n\n\nGOLD PRODUCTION\n\n\nDuring the second quarter, 2012, gold production from the Company's\n Eagle River, Mishi and Kiena mines totalled 15,100 ounces, a 44%\n improvement over the second quarter, 2011.  Production for the first\n half 2012 totalled 27,600 ounces, a 12% increase over 2011's first half\n performance.\n\n\nDuring the second quarter, 2012, the Eagle River mine produced 8,600\n ounces from 51,900 tonnes milled at a recovered grade of 5.2\n gAu/tonne.  First half production totalled 16,100 ounces from 91,000\n tonnes milled at a grade of 5.5 gAu/tonne.\n\n\nDuring the second quarter, 2012, the Mishi mine produced 1,100 ounces\n from 15,600 tonnes milled at an average recovered grade of 2.2\n gAu/tonne.  For the first half Mishi has produced 2,500 ounces of gold\n from 34,700 tonnes milled at a grade of 2.2 gAu/tonne.  This is about\n half of what was planned for the period as higher grade Eagle River ore\n was available for millfeed.  The Mishi ore stockpile at the mill grew\n to over 32,000 tonnes at a similar grade.\n\n\nAt Kiena second quarter 2012 production totalled 5,400 ounces from\n 66,200 tonnes milled at a recovered grade of 2.5 gAu/tonne.  This is an\n 8% increase over 2011 second quarter and a big step up from first\n quarter 2012 production when the mine was catching up on development. \n For the first half, 2012, Kiena produced 9,000 ounces from 126,200\n tonnes milled at a recovered grade of 2.2 gAu/tonne.  This was down 21%\n compared to 2011 due to the development invest...