Wesdome ups gold production 47% in Q3, receives first ounces from Kiena mine restart

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(Kitco News) - Wesdome Gold Mines (TSX: WDO)announced today that the company produced 29,344 ounces of gold in Q3 2021, a47% increase compared to 20,008 ounces produced in Q3 2020.

Importantly, the company saidthat during the quarter, it commenced operations at the Kiena mine, producing5,511 ounces from the lower grade S-50 zone. Mill start-up in July wentaccording to plan with no major issues and the company expects to produce between15,000 ounces and 25,000 ounces at Kiena in 2021, Wesdome added.

President and CEO DuncanMiddlemiss commented, "At the Eagle River underground mine, Q3 production of23,621 ounces was 20% lower than Q2 (29,836 ounces), which was anticipated dueto two weeks of scheduled downtime for the installation of a new cone crusherand the annual mill maintenance. No project maintenance downtime is planned inthe fourth quarter."

He added, "Year to dateproduction at the Eagle River Complex of 76,773 ounces leaves us very wellpositioned to achieve the mid to high point of our guidance range of 92,000 -105,000 ounces. We are extremely pleased that Kiena is successfully coming online and is contributing to the greater gold production of the company."

Wesdome is Canadian focusedwith two producing underground gold mines. The company’s strategy is to buildCanada’s next intermediate gold producer, producing 200,000+ ounces from twomines in Ontario and Qu?(C)bec.

By Vladimir Basov

For Kitco News

Follow kitconewsnow vbasov@kitco.comwww.kitco.com Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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