Wesdome Announces Positive Reconciliation Results from the Kiena Deep Bulk Sample streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
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TORONTO, Jan. 26, 2021 (GLOBE NEWSWIRE) Wesdome Gold Mines Ltd. (TSX: WDO) (“Wesdome” or the “Company”) is pleased to announce that it has entered into a definitive purchase agreement (the “Agreement”) with Goldshore Resources Inc. (“Goldshore”) to monetize its Moss Lake Project (“Moss Lake”) located in Ontario, Canada (the “Transaction”). Pursuant to the Agreement, Goldshore will acquire all of Wesdome’s property, assets and rights related to Moss Lake. Following the closing of the Transaction (“Closing”), Goldshore will hold a 100% interest in Moss Lake.
Under the terms of the Agreement, Wesdome will receive minimum initial aggregate consideration of $57M, comprised of the following:
Wesdome Announces 2020 Fourth Quarter and Full Year Production Results; Provides 2021 Guidance
January 14, 2021 16:30 ET | Source: Wesdome Gold Mines Wesdome Gold Mines Toronto, Ontario, CANADA
TORONTO, Jan. 14, 2021 (GLOBE NEWSWIRE) Wesdome Gold Mines Ltd. (TSX: WDO) (“Wesdome” or the “Company”) today announces fourth quarter (“Q4”) and full year 2020 production results and 2021 guidance. All figures are in Canadian dollars unless otherwise stated.
Production from the Eagle River Complex in Q4 2020 totaled 20,006 ounces of gold, putting full year 2020 production at 90,278 ounces, meeting the low end of our unadjusted 2020 production guidance.
2020 Highlights:
Eagle River gold production of 196,441 tonnes at a head grade of 14.2 grams per tonne and a recovery rate of 97.7% producing 87,560 ounces, 1% lower than 2019