Wesdome Gold Mines Produces 22,437 ounces in Q2, Raises Guidance.

Wesdome Gold mines just released a very strong Q2 number: https://ml.globenewswire.com/Resource/Download/48af0bfe-3918-43e7-9140-d7774ccd4c46. During the quarter, Wesdome produced 22,437, on the back of the 303 lens continuing to outperform on both budgeted grades and tonnes. The head grade at Eagle was impressive, at 23.4gpt, which follows a very strong Q1 of 18gpt. Moreover, they generated $44.2M in sales after selling 24,113 ounces, effectively generating $1,752 CAD per ounce. This was a record quarter, and most notably, continues to drive Eagle River towards the 100K run rate and continue to decisively fund Kiena and unlock significant value.

Production for the first half has exceeded the higher end of the first half target of 35,000 by nearly 6,500. And so with a reiteration of 41,000-45,000 for the second half the year, guidance was obviously increased to exactly what I stated here: https://economicalpha.blog/2019/07/01/wesdome-q2-production-preview/

Nicely done, Duncan & Co.

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