Wesdome Gold Mines

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Primary tickers: TSX:WDO, OTCQX:WDOFF
Stage of development: Exploration, Production
Primary mineral: Gold
Projects to promote: Kiena, Eagle River
Project location: Canada
Website: www.wesdome.com
Corporate presentation: Click here

Wesdome is a Canadian-focused gold producer with two high grade underground assets, the Eagle River mine in Ontario and the recently commissioned Kiena mine in Quebec. The Company’s primary goal is to responsibly leverage this operating platform and high-quality brownfield and greenfield exploration pipeline to build Canada’s next intermediate gold producer.

 

Cash: CAD50.7M

Debt: NIL

 

Major shareholders:

BlackRock Fund Advisors

1832

Hillsdale Investment Mgmt.

Sprott Asset Mgmt.

T. Rowe Price International

 

Financials

Management Profile

Fernando Ragone – Chief Financial Officer

 

Fernando Ragone is a qualified chartered accountant with almost three decades of global experience in the mining industry. Most recently, Mr. Ragone was the Chief Financial Officer of Bear Creek Mining Corp. Prior to that, Mr. Ragone was the Chief Financial Officer of Baffinland Iron Mines Corp., a position he held from 2019 to 2023. Prior to Baffinland, he held various senior Finance and Business Improvement roles with First Majestic Silver Corp. and Primero Mining Corp. Previously Mr. Ragone also worked in several countries for Glencore for 14 years and was the Chief Financial Officer of Glencore Canada Corporation – Zinc from 2008 to 2013, overseeing a network of five operating mines and three smelters. Mr. Ragone has extensive capital markets experience having completed complex financing transactions with a combined value of $3.5 billion. He holds a Master of Business Administration from the Catholic University of Valparaiso, and he is a Chartered Professional Accountant in Ontario, Canada.

What is your rationale for taking part in 121 Mining Investment?

We would like to update investors on the latest developments at the Company and talk about our upcoming plans.

What recent news would you like to highlight to investors attending?

October 3, 2024 – Wesdome Gold Mines Appoints Philip C. Yee as an Independent Director and Audit Committee Chair

 

September 30, 2024 – Wesdome Gold Mines Appoints Guy Belleau as Chief Operating Officer

 

September 12, 2024 – Wesdome Appoints Ronald ‘Jono’ Lawrence as Senior Vice President, Exploration and Resources

 

August 14, 2024 – Wesdome Reports Second Quarter 2024 Financial Results

 

July 09, 2024 – Wesdome Announces Record Production in Q2 2024; Repays Remaining Balance on Revolving Credit Facility

 

July 03, 2024 – Wesdome Extends and Confirms High Grade Mineralization Across Multiple Zones Near Eagle River Mine Infrastructure

 

May 22, 2024 – Wesdome Appoints Kevin Lonergan as Senior Vice President, Technical Services


October 17, 2024 – Wesdome Announces Q3 2024 Production; on Track for Record Production Year