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Last C$1.10 CAD
Change Today -0.04 / -3.51%
Volume 60.9K
As of 3:57 PM 05/28/15 All times are local (Market data is delayed by at least 15 minutes).

wesdome gold mines ltd (WDO) Snapshot

Open
C$1.10
Previous Close
C$1.14
Day High
C$1.13
Day Low
C$1.10
52 Week High
02/5/15 - C$1.40
52 Week Low
10/16/14 - C$0.61
Market Cap
122.2M
Average Volume 10 Days
98.0K
EPS TTM
C$0.07
Shares Outstanding
111.1M
EX-Date
04/13/11
P/E TM
15.9x
Dividend
--
Dividend Yield
--
Current Stock Chart for WESDOME GOLD MINES LTD (WDO)

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wesdome gold mines ltd (WDO) Details

Wesdome Gold Mines Ltd. mines, explores, produces, and develops mineral resource properties, primarily gold in Canada. It principally produces gold in the form of doré bars; and silver as a by-product. The company’s principal assets include the Eagle River Mine, the Mishi Mine, and the Eagle River Mill located near Wawa, Ontario; and the Kiena mining and milling complex and exploration properties located in Val D’Or, Quebec. Wesdome Gold Mines Ltd. was founded in 1976 and is headquartered in Toronto, Canada.

Founded in 1976

wesdome gold mines ltd (WDO) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$136.7K
Chief Financial Officer, Controller, Treasure...
Total Annual Compensation: C$114.4K
Chief Operating Officer
Total Annual Compensation: C$224.4K
Vice President of Corporate Development
Total Annual Compensation: C$140.0K
Vice President of Exploration
Total Annual Compensation: C$152.0K
Compensation as of Fiscal Year 2014.

wesdome gold mines ltd (WDO) Key Developments

Wesdome Gold Mines Ltd. Announces Operating and Financial Results for the First Quarter of 2015; Provides Production Guidance for the Year 2015

Wesdome Gold Mines Ltd. announced financial results for the first quarter of 2015. Revenue for the quarter was CAD 14.4 million. Net income for the quarter was CAD 0.8 million) or CAD 0.01 per share. Free cash flow for the quarter was CAD 4.8 million or CAD 0.04 per share. During the first quarter, the company announced that its emphasis was placed on accelerating underground development to the high grade 300 zone on multiple levels. Mill throughput ramp up continues to improve with the first quarter averaging 657 tonnes per day, a 26% improvement from 2014's rate of 522 tonnes per day despite eight days of mill shut downs. The second quarter thus far has averaged over 900 tonnes per day. Eagle River mine produced 39,815 tonnes at a head grade of 7.4 grams per tonne ("g/t") with a mill recovery rate of 94.3% to produce 8,903 ounces (7.0 g/t recovered grade). Mining operations resumed at Mishi in the first quarter and 19,288 tonnes at a recovered grade of 2.0g/t of ore was processed to produce 1,237 ounces of gold. Mill throughput increased during the quarter to average 657 tonnes per day, a 26% increase over 2014's average of 522 days, despite 8 days of mill shut down. During the mill downtime, maintenance work was completed which resulted in the mill throughput increasing by over 200 tonnes per day. In the second quarter of 2015, the mill has averaged over 900 tonnes per day. Total production for the quarter was 10,140 ounces. Ounces sold were 9,633 at an average sales price of CAD 1,499 per ounce. The company continued to invest aggressively and a total of CAD 4.8 million was spent on its tailings management area, Eagle River exploration & development to access the 300 zone high grade lenses, Mishi exploration and stripping in the first quarter. Together with higher production rates and higher grades for the balance of the year 2015, the company expects to deliver on tge 55,000 to 57,000 ounce production guidance. For the balance of 2015, it is expecting to process 450 tonnes per day of 2.5g/t-3.0g/t from the Mishi pit. The company expects to break into the 300 zone on the 870 metre level near the end of second quarter of 2015 where grades and widths from diamond drilling have determined exceptionally high grade reserves.

Wesdome Gold Mines Ltd. Announces Resignation of Joe Hamilton from the Board of Directors

Wesdome Gold Mines Ltd. announced that Joe Hamilton resigned from the board prior to the meeting and did not stand for re-election.

Wesdome Gold Mines Ltd. Announces Production and Sales Results for the First Quarter of 2015

Wesdome Gold Mines Ltd. announced production results for the first quarter of 2015. During the quarter, at the Eagle River Underground Mine 39,815 tonnes were milled at a head grade of 7.37 grams per tonne ("gpt") and a recovery rate of 94.3% to produce 8,902 ounces. The mill also processed 19,288 tonnes of Mishi Open Pit ore at a head grade of 2.24 gpt with a recovery rate of 89.0% to produce 1,237 ounces, for a total of 10,139 ounces produced. The Company also mined an additional 4,495 tonnes (estimated 1,200 ounces) during the quarter that was not processed due to continuing mill upgrades and maintenance to bring daily throughput rates up to 1,000 tonnes per day and capacity utilization towards 90%. Gold sales were 9,633 ounces at an average realized sales price of CAD 1,499.26.

 

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Valuation WDO Industry Range
Price/Earnings 18.7x
Price/Sales 1.7x
Price/Book 1.4x
Price/Cash Flow 9.6x
TEV/Sales 1.5x
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