Wesdome WDO, WDOFF

2 posts / 0 new
Last post
#1 Wed, Jan 15, 2020 - 2:36pm
SteveW
Offline
-
BC
Canada
Joined: Sep 8, 2011
3325
13498

Wesdome WDO, WDOFF

Wesdome reported 2019 production today and got hit 13.5%. Production at Eagle River up 25% Q4/Q4 and 31% YOY. Total production up 28% YOY due to decreased production at the Mishi open pit.

Ore milled at Eagle river down to only 46% Q4/Q4 and 66% YOY. This is not commented, but I imagine the amount of rock moved is unchanged and that non-gold bearing rock was removed to reach veins. AISC CAD$1,280-1,350 and realized price $1,853 (year) $1,954 (Q4).

Drilling continued at the Kiena complex in Val d'Or which has already over 400,000 oz in the M&I category.

https://www.investing.com/analysis/miner-increases-gold-ounces-grade-in-...

“Don't walk behind me; I may not lead. Don't walk in front of me; I may not follow. Just walk beside me and be my friend.” ― Albert Camus
Wed, Jan 15, 2020 - 2:47pm
SteveW
Offline
-
BC
Canada
Joined: Sep 8, 2011
3325
13498

Wesdome

I've had a small holding in WDO since 2012. I sold half in 2017 to achieve a zero cost basis, bought it back within weeks for less and then sold that half yet again for a small gain. I wish I still had those shares, since even with today's loss I still have a 5 bagger gain on my 2012 purchase thanks to John (whose surname I forget) who often promoted his book on this position. I imagine he's now relaxing on a warm beach somewhere.
“Don't walk behind me; I may not lead. Don't walk in front of me; I may not follow. Just walk beside me and be my friend.” ― Albert Camus
randomness