Wesdome Gold (TSX: WDO)

Announced that they have entered into a definitive arrangement agreement  whereby Wesdome will acquire all of the issued and outstanding common shares of Angus Gold  pursuant to a plan of arrangement.

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Wesdome Gold – mine location map   (Image courtesy of Wesdome Gold Mines)

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Comment

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This is great news, and both companies are featured on our watchlists!

This looks a good deal with Wesdome expanding their Eagle River projects substantially, and a good exit point for Angus for shareholders with a decent premium.

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Wesdome Gold Mines to Acquire Angus Gold; Quadruples the Eagle River Land Package

Wesdome Gold Mines (TSX: WDO)

Announced its results for the three and twelve months ended December 31, 2024.

Record annual revenue: FY 2024 revenue increased by 68% compared to FY 2023 to $558.2M driven by strong Q4 2024 revenue of $182.6M.

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Wesdome Reports Fourth Quarter and Year-End 2024 Financial Results

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Mining Review 26th January 2025

Westgold increased production in Q2 2025.  

Gold Road Resources, West Red Lake Gold Mines, and Wesdome made positive news announcements

Catalyst Metals

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City Investors Circle Mining Review 26th January 2025

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Westgold increased production in Q2 2025, but the AISC of A$2,725 look very high to me. Luckily the current gold price in Australian dollar is A$4,390, so still a healthy margin, but the market has taken note of the high AISC.

Capricorn Metals acquired the Deadman Flat gold project that adjoins their Karlawinda gold project, consolidating the area, which clearly makes sense. Better to acquire early rather than have to pay more later, and perhaps have competition. I expect the same to happen to BPM Minerals if they succeed at Mt. Gibson, Capricorn’s other gold project.

Gold Road Resources, West Red Lake Gold Mines, and Wesdome made positive news announcements.

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rchives

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Other news releases from companies on our watchlists were

Ora Banda Mining sees a major shareholder lower their stake

Zacks select Orla Mining for outstanding growth in 2025

RBC Capital maintains its buy rating for Orla Mining

G Mining interview with VP IR at Metals Investor Forum

G Mining Ventures price target raised at CIBC

.

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non-deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.DDeclaration

At the time of writing the author may hold positions in any of the stocks mentioned.

.

Angus Gold (TSX.V: GUS)

Angus is an early stage gold exploration company focusing on the WAWA Mining Camp in a prolific and proven gold district.

Neighbours include Alamos Gold, Argonaut, and Wesdome Gold Mines.

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Angus Gold Regional Map

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Comment

Angus Gold is a nearly stage gold exploration company located in a prolific area for gold discovery and production, in a tier 1 jurisdiction, Ontario Canada.

The recent investment by neighbour Wesdome Gold Mines drew my attention to the story.

I am adding them to the Tier 4 watchlist group.

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Initiating Coverage of Angus Gold

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Angus Gold (TSX.V: GUS) is an early stage gold exploration company focusing on the WAWA Mining Camp in a prolific and proven gold district.

Neighbours include Alamos Gold, Argonaut, and Wesdome Gold Mines.

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I like Angus because;

• Management have a track record of previous success in this area of Canada
• There are several neighbouring producing gold mines
• Directors and management have a 37% shareholding
• Newgold have a 10% investment in the company
• Near neighbour Wesdome has just invested in the company
• Institutions hold 21%
• Retail only hold 16%
• Low share count
• Prolific gold belt
• Tier 1 jurisdiction

Angus has all the ingredients I look for, management have sold projects before and created shareholder value, prolific gold belt with neighbouring producing mines, tier 1 jurisdiction, directors own over a thirs of the company, and they have two gold producing miners as shareholders.

I aim to take a small position to maintain my interest in the company and follow progress.

The Angus Gold corporate website can be accessed HERE

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The company presentation can be viewed HERE

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Mining Review 24th December 2023

Two major announcements by companies on our watchlist list up a normally quiet final week before Christmas.

Galiano Gold acquired the other 45% of the Asanko mine in Ghana from their JV partner, and Calidus Resources announced a stunning deal to acquire the Nullagine mine and immediately lease out 80% of the camp for 10 years bringing in much needed cash to the company.

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City Investors Circle Mining Review 24th December 2023

Two major announcements by companies on our watchlist list up a normally quiet final week before Christmas.

Galiano Gold acquired the other 45% of the Asanko mine in Ghana from their JV partner, and Calidus Resources announced a stunning deal to acquire the Nullagine mine and immediately lease out 80% of the camp for 10 years bringing in much needed cash to the company.

In addition, both Eloro and Wesdome reported high grade drill intercepts at their respective projects in Bolivia and Canada respectively.

There was one item of bad news, which  predictably came from Orla Mining who informed the market that the Panamanian governement were cancelling their rights to mine their Cerro de Quema copper gold project, following on from their similar actiona against First Quantum, closing their producing copper mine there.

Orla and First Quantum have both promised legal action via intenational courts, but this process takes years and does not have a certain outcome.

Orla now need to focus on South Railroad in Nevada whilst the Panamanian issue is addresses legally.

Click on the links below to read the full stories.

  Galiano Gold Consolidates Ownership of the Asanko Gold Mine

  Calidus Enhances Cash Position and Production Upside With Purchase of     Nullagine Gold Project

  Galiano Gold Reports Q3 Operating and Financial Results

  Eloro Resources Intersects 279.22 Ag/t, 0.47% Pb and 0.43% Sn

  Orla Mining Update on Panama and Cerro Quema

  Wesdome Drilling Continues to Return High Grades

  Mining Review 17th December 2023

Market Data

Weekly Price changes

(US$ unless stated)

Metal Prices

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Wesdome Gold Mines (TSX: WDO)

Announced surface exploration drilling results from the Shawkey and Dubuisson zones located east of the Kiena Mine at the Company’s 100% owned Kiena Mine Complex in Val d’Or, Quebec. 

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Wesdome Gold Mines Kiena Mine, Quebec

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Wesdome Drilling Southeast of Kiena Mine Identifies Potential Bulk Tonnage Underground Target; Returning 2.3 G/T Gold Over 72 M Core Length

Mining Review 11th December 2022

A momentous week for mining in the UK this week as the government approved the UK’s first new coal mine for 30 years, in Cumbria.

Ascot Resources, Barkerville Gold, Neometals, Rumble Resources, and Wesdome Gold Mines made news this week. 

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Mines and Money London 2022

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City Investors Circle Mining Review 11th December 2022

A momentous week for mining in the UK this week as the government approved the UK’s first new coal mine for 30 years, in Cumbria, see here

This is a brave decision because of the opposition of the green lobby, who naturally oppose anything to do with coal, despite the country having to import steel making coal as we don’t currently produce any!  And in order to import coal, ships which are powered by fossil fuels have to bring it from other countries!

I see the Labour Party are opposing the decision (no surprises there of course), despite them claiming to be on the side of employment, and a reduction in greenhouse gases.

They don’t seem to realise that in order to make steel in the UK we need coking coal, so either we produce it, or have to import it from somewhere else, and the ships that deliver it burn fossil fuels in the process. It’s clearly greener to mine it here than import it.

Glencore announced this week they were scrapping the planned new coking and thermal coal mine in Queensland, Australia, citing “global uncertainties and state subsidies” as the reasons for doing so.

They are also winding down their other producing coal mines, by around 2045!  Not exactly in a hurry then, and of course the world needs coking coal to keep producing steel, otherwise the world’s industry grinds to a halt.

Stocks we follow in the news this week.

Ascot Resources, Barkerville Gold, Neometals, Rumble Resources, and Wesdome Gold Mines made news this week.

Ascot Resources announced an excellent drill hole, albeit only over 1 metre, at their Big Missouri project in the Golden Triangle of British Columbia. Whilst good drill holes are excellent news, the elephant in the room is the delay to the financing for their Premier Mine restart, after Sprott withdrew their finance offer.

I feel Ascot are just waiting for a buyer now, and if that occurs in the current market I fear it will be a paper deal done at a very small premium..

Rumble Resources also released good drill results, in an otherwise quiet week for them as Xmas approaches.

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To read this week’s news in full, please click on the links below.

  Maple Gold Ramps up Exploration

  Ascot Resources Drills 488 g/t Gold over 1.0 m at Big Missouri

  Neometals’ Primobius JV Update

  Wesdome Gold Mines Declares Commercial Production at Kiena

  Barkerville Gold Mines Toll Milling Accord

  Rumble Resources Release Lamil Drill Results

  Mining Review 4th December 2022

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Mining Review Market Data

Week on week price changes

(US$ unless stated)

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Metal prices

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Metal ETFs

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Miscellaneous data

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To read our full terms and conditions, please click HERE

Wesdome Gold Mines (TSX: WDO)

Announced disappointing third quarter (“Q3”) 2022 production results.

The market reacted badly, despite the company having already issuing revised guidance warnings a couple of times earlier, with the share price falling over 8.9% on the day. 

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Wesdome Gold Mines – Eagle River underground mine

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Wesdome Announces 2022 Third Quarter Production Results, Share Price Falls 8.9%

Mining Review 18th September 2022

The story of the week is the price of gold being beaten down by 2.45% to $1,674, due to an anticipated one percentage point rate hike in the USA in September.

Companies making news this week were  American Creek Resources, Karora Resources, Neometals, and Silver Tiger Metals.

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Rest in peace ma’am

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Mining Review 18th September 2022

The story of the week is the price of gold being beaten down by 2.45% to $1,674, due to an anticipated 1 percentage point rate hike in the USA in September. The strong dollar is the focus at the moment, and until the FED pivots, gold is going to be in weak, and of course, the miners and explorers.

Every time gold looks as though it’s recovering, the US make another interest rate announcement and down it goes again, almost as if were being manipulated downwards deliberately.

Silver had a very good week and stocks in the COMEX and LBMA vaults are reducing, although they still have plenty in store at the moment.

The London Metal Exchange faces a new lawsuit from a group of firms, including hedge fund AQR Capital Management, over its decision to cancel billions of dollars worth of trades, after the short squeeze in nickel forced the price to stratospheric levels, causing the LME to suspend trading and cancel trades to bail out a Chinese trader.

AQR, DRW Commodities LLC, Flow Traders BV, Capstone Investment Advisors LLC, and Winton Capital Management Ltd. have filed a commercial court claim in London against the LME, according to court records.

Companies on our watchlist making news this week

American Creek Resources, Karora Resources, Neometals, and Silver Tiger Metals.

American Creek and Karora both released good drilling news, yet the market took it in its stride and both stocks trod water, whereas in better times they would have shot up.

Please click on the links below to read the full news release.

  Westhaven Gold agreed an  NSR With Franco-Nevada

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Market Data 

Weekly price movements

All in US$

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ETF’s

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Miscellaneous data

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.If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.

Disclosure

At the time of writing the author holds shares in American Creek, Karora Resources, and Silver Tiger Metals, bought in the market at the prevailing price on the days of purchase. 

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Mining Review 4th September 2022

Another poor week for gold and all metals as the US dollar again rises on interest rate hike anticipation. The price of gold in British pounds is up 3% in a month, due to the weakness of the pound. Uranium, up 8% in a week was the sole positive.

Cornish Metals and Kootenay Silver reported good drill results in an otherwise quiet week. 

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Cornish Metals South Crofty Mine Headframe

City Investors Circle Mining Review 4th September 2022 – Another poor week for gold and all metals as the US dollar again rises on interest rate hike anticipation.

The price of gold in British pounds is up 3% in a month, due to the weakness of the pound.

Uranium, up 8% in a week was the sole positive.

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Companies from our watchlist in the news this week

Cornish Metals and Kootenay Silver reported good drill results in an otherwise quiet week.

Karora Resources is pressure after recent poor results, and if not already in bargain basement territory must surely be close?  Karora is down 62% from a high of C$7.45, which admittedly was looking a bit frothy, but now it looks like the complete opposite.

Wesdome is out of favour too, again for poor performance, although it posted a recovery on Friday.

 Orla Mining – Funds increased their holdings in the company

 Kootenay Silver Drills 574 gpt Silver

 Market Review For August 2022 Published

 Calidus Resources Raised AUS$20 Million

 Cornish Metals Reported High Grade Copper and Tin

 Impact Minerals Reported Outstanding Results

 Mining Review Sunday Update 28th August

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Market Data – As at Sunday 4th September 2022

.Weekly price changes (All US$)

.Metals

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ETF’s

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.Miscellaneous

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!Afcbok20.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.

Wesdome Gold Mines Ltd. (TSX: WDO)

Announced underground exploration drilling results from the Kiena Deep A Zone at the Company’s 100% owned Kiena Mine Complex in Val d’Or, Quebec.

Highlights of the recent drilling was hole 6796W6: 92.1 g/t Au over 50.7 m core length (23.3 g/t Au capped, 5.5 m true width) A1 Zone.

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Wesdome Gold – Mine location map

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Wesdome Gold Expands Folded Kiena Deep A Zones Down Plunge and Confirms Mineralization in a Second Limb at Depth

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Mining Review Sunday Update 24th April 2022

Gold dropped 2% and led down the gold juniors, rolling back some of their gains over the last few weeks.

Companies commented on include; Cabral Gold, Newcore Gold, O3 Mining, Silver Tiger Metals, Uranium Energy Corp., and Wesdome Gold.   […] 

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Cabral Gold excavator at Cuiu Cuiu, Tapajos Region, Brazil.

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City Investors Circle Mining Review Sunday Update 24th April 2022

Gold dropped 2% during the week, 1% on Friday alone, as fears are growing thwt the FED is going to tighten too much too fast, and will possibly now raise rates by 2.5% before the end of 2022.

This led down the gold juniors, rolling back some of their decent gains over the last few weeks, and may just present us with an opportunity to buy some of the decent stocks on the dips. To be clear, I am referring to producing or very close to production here, not greenfield exploration companies.

Companies commented on include; Cabral Gold, Newcore Gold, O3 Mining, Silver Tiger Metals, Uranium Energy Corp., and Wesdome Gold.

City Investors Circle watchlist companies in the news this week

Newcore Gold Confirms New Discovery at Enchi

Cabral Gold Drilled 17.5m @ 4.0 g/t Gold at MG

Uranium Energy Corporation secured an additional 400,000 Lbs Uranium

Silver Tiger Metals Drilled 1,380.9 g/t Ag Eq Over 0.5m

Wesdome Gold Reported Q1 Results in line with guidance

O3 Mining Sold their East Cadillac Project to Cartier Resources

General mining news

The Chilean constitutional assembly voted down a proposal from the environmental committee, seeking to tighten up rules related to the protection of the country’s natural resources, which would have hit the mining sector had they became law.

Given that Chile is the world’s largest copper producer, this is very good news, as, had the motions been passed, they would have made Chile virtually uninvestable as a jurisdiction in my view. That would, of course, have had serious implications for the EV industry and the price of copper.

Market Data

Weekly price changes (US$)

Precious metals

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Base metals

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Energy metals

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Bulk commodities

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Metal ETF’s

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Miscellaneous data

The Mining Review is now completed..

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.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.

.

Wesdome Gold Mines Ltd. (TSX: WDO)

Announced first quarter  2022 production results.

Duncan Middlemiss, President and CEO, commented, “Wesdome’s first quarter combined production of 25,611 oz (up 14% from Q1 2021) was essentially in line with expectations”  […] 

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Wesdome Gold Mines – Eagle River underground mine

Wesdome Announces 2022 First Quarter Production Results

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TORONTO, April 14, 2022 – Wesdome Gold Mines Ltd. (TSX: WDO) (“Wesdome” or the “Company”) today announces first quarter (“Q1”) 2022 production results. All figures are in Canadian dollars unless otherwise stated.

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Wesdome Gold management comments

“Wesdome’s first quarter combined production of 25,611 oz (up 14% from Q1 2021) was essentially in line with expectations and represents the low quarterly production for the year, as we made significant investments in the business during the quarter to set us up for a stronger second half at both assets.

 

“At Eagle, we will have additional ore available from the Falcon Zone, which is expected to boost both volume and grade.

 

“At Kiena, the ramp up has been impacted by unscheduled downtime related to the underground crusher. As well, some equipment delays and staff absences in the beginning of the year due to the outbreak of the Omicron variant impacted development, hence the lower grade in Q1.

 

“These challenges have largely been rectified, and commercial production is on track for mid year. This is a transformational year for Wesdome as Eagle continues its 100,000 plus ounce per year run rate, and as we begin to hit our stride with full commercial production at Kiena, getting that much closer to our stated objective of becoming Canada’s next intermediate gold producer.”

Duncan Middlemiss, President and CEO, Wesdome Gold

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To read the full news release, please click HERE

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=======

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.

.

Wesdome Gold Mines (TSX: WDO)

Announced underground exploration drilling results from the Kiena Deep A Zone at the Company’s 100% owned Kiena Mine Complex in Val d’Or, Quebec.

The highlight was drill hole 6796W3: 74.6 g/t Au over 30 m core length (24.8 g/t Au capped, 5.0 m true width) A1 Zone.   […] 

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Wesdome Gold Kiena Mine

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Wesdome Gold Continues to Expand Kiena High Grade A Zones and Footwall Zones

TORONTO, Feb. 08, 2022 (GLOBE NEWSWIRE) — Wesdome Gold Mines Ltd. (TSX: WDO) (“Wesdome” or the “Company”) today announces underground exploration drilling results from the Kiena Deep A Zone at the Company’s 100% owned Kiena Mine Complex in Val d’Or, Quebec.

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Recent underground definition and exploration drilling at the Kiena Deep A Zones area has:

• Confirmed the A Zone continues down plunge along the basalt – ultramafic contact with drilling returning high grade from this continuous zone of mineralization;
• Confirmed the Footwall Zone comprises three subparallel zones and one crosscutting zone that have now been extended over 300 metres down plunge. Mineralization remains open laterally and down plunge and additional drilling platforms are being established as the A Zone ramp progresses to provide for more optimal drilling distances and angles; and
• Confirmed the existence of lower grade stockwork veins within the hanging wall of the A Zone within brecciated and altered basalt (Figure 2). These zones have the potential to be mined as access development in the hanging wall due to their proximity to the A Zones stoping area, and thereby having potential to be added to the resource base.
  • These zones are generally located within 5 metres from the contact with the schist (A Zone) at a grade of 5 – 6 grams gold per tonne and an average thickness of 2 metres. Drilling is ongoing to better determine the extent of these zones.

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Highlights of the recent drilling are listed below.

• Hole 6796W3: 74.6 g/t Au over 30.0 m core length (24.8 g/t Au capped, 5.0 m true width) A1 Zone
• Hole 6752W9: 38.3 g/t Au over 37.3 m core length (18.2 g/t Au capped, 6.0 m true width) A Zone
• Hole 6752W8: 35.9 g/t Au over 30.3 m core length (27.0 g/t Au capped, 7.0 m true width) A Zone

All assays capped at 90.0 g/t Au. True widths are estimated based on 3D model construction.

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Wesdome Gold management comments

“We are pleased with the recent underground drilling that continues to define the high grade A Zone and now confirms the extent of the subparallel Footwall Zone, which we expect to grow further with continued drilling.

“The Footwall Zone, and now the newly discovered Hanging Wall Basalt Zones, will positively impact project economics as the same underground infrastructure utilized to access the A Zone can be leveraged to mine these additional zones on a low unit cost basis.

“We are continuing to spend aggressively on exploration at Kiena with $17.7 million to be spent in 2022 that includes approximately 50,000 m of underground drilling and 30,000 m of surface drilling.

“As part of the 2022 drilling program, 2 underground drills have been moved onto the 33 level to test historic zones and anomalous drill results further to the east along strike from the Kiena mine. Surface drilling is ongoing and will be accelerated once the ice has melted utilizing the two barges left at site. Planned drilling is concentrated around the Shawkey and newly discovered Bourgo zone.

“We are also pleased with the progress being made ramping up production at Kiena. As planned, production will ramp up throughout the year with higher production expected in H2 2022.

“While we continue to expect commercial production in Q2, production this year will be back end weighted in H2 2022 as we continue to ramp up, with total production this year forecasted at 64,000 – 75,000 ounces.

“As per the 2021 Pre-Feasibility Study, completed prior to the Footwall Zone discovery, the life of mine average yearly production is 83,574 ounces with costs declining materially in 2024 once higher output levels are realized.

“However, with the discover of the Footwall Zone, and most recently with the Hanging wall Basalt Zone, we expect these new zones could extend the LOM and have the potential to increase annual production given the increase reserve ounces per vertical metre.”

Duncan Middlemiss, President and CEO of Wesdome Gold

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For brevity, this summary has been abridged, to read the full news release, please click HERE

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.

Wesdome Gold Mines Ltd. (TSX: WDO)

Announced Q4 and full year 2021 production results and 2022 guidance.

Production from the Eagle River Complex in Q4 2021 produced 24,630 ounces of gold, putting full year 2021 production at 265,267 tonnes at an average grade of 12.2 gpt to produce 101,403 ounces, near the high end of 2021 production guidance of 92,000 – 105,000 ounces.   […]

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Wesdome Gold – Kiena complex map

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Wesdome Announces 2021 Fourth Quarter and Full Year Production Results (123,843 Ounces); Provides 2022 Guidance

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Mining Review Sunday Update 19th September

The story of the week again, sadly, was the falling gold price, into the mid 1700’s, due to better than expected US retail figures, and a strengthening US dollar.

Iron ore is another casualty, but for a different reason.  Coking coal is roofing it as supply is tight, bring companies like Colonial Coal into investor focus.

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Kootenay Silver Columba drill camp, Mexico

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Mining Review Sunday Update 19th September

The story of the week again, sadly, was the falling gold price, into the mid 1700’s, due to better than expected US retail figures, and a strengthening US dollar.

Iron ore is another casualty, but for a different reason, the Chinese government is limiting steel production for the remainder of 2021, causing a sharp drop in demand for iron ore.

Coking coal is roofing it as supply is tight, bring companies like Colonial Coal into investor focus. The price has more than doubled in a few short months.

Stocks on our watchlist making news this week

Orla Mining – Placed 8th in the TSX30 for stock price performance over three years.

Wesdome Gold – Placed 10th in the TSX30 for stock price performance over three years.

Apollo Consolidated – Defined some robust gold zones at Lake Rebecca

Fiore Gold – Amended their Pan Mine Technical Report

Neometals – The Primobius JV have started phase 2 of their battery recycling project

Gold Road – Reported a net profit and a dividend

Bardoc Gold – Highlighted the potential to grow the Zorastrian deposit

Market Data

Precious metals

Gold got thumped by some unexpectedly good US retail numbers, and fell sharply back through to around $1,760.   Silver took an ever harder beating, losing 6% in 5 trading days.

Palladium was knocked back on lower car production due to a shortage of micro chips, and reports that some manufacturers are switching to platinum due to the lower cost.

Base metals

Energy Metals

Lithium is roaring away as supply concerns are forcing battery companies to try and secure supply at ever higher prices.

Uranium is rising rapidly due to the actions of the Sprott Physical Uranium Trust buying a significant quantity on the spot market to warehouse, thus driving up prices. Sprott has just announced it is raising another $1 billion for uranium purchases. I wonder if Sprott is related to the Hunt brothers?

Bulk commodities

Quite an extraordinary divergence here, with iron ore slumping due to Chinese steel production limitations at the same time as a real coking coal supply crunch.

Miscellaneous

The precious metal ETF’s had predicable falls, given the losses on the other precious metals, as the US dollar strengthened.

The gold / silver ratio is widening again just as it seemed to be returning to a more normal level.

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email  andrew@city-investors-circle.com

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This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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Disclosure

At the time of writing the author holds shares in Bardoc Gold, Colonial Coal, Gold Road Resources, and Orla Mining.

Orla Mining (TSX: OLA) and Wesdome Golf (TSX: WDO)

Both companies have been included in the TSX30 top 10 list of companies over the past three years. The 2021 TSX30 listed the 30 top-performing stocks over a three-year period, based on dividend-adjusted share price performance.

Orla came 8th, and Wesdome 10th, with gains of 313% and 283% respectively. Both companies feature in the current top 9 selections on our watchlist.

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Comment

It is extremely pleasing to see two of the nine companies featured in our principal watchlist included in the prestigious TSX30 list of best performing companies on the Toronto Stock Exchange, for share price performance, over the last three years.

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Orla Mining (TSX: OLA) and Wesdome Gold (TSX: WDO)

Both companies have been included in the TSX30 top 10 list of companies over the past three years. The 2021 TSX30 listed the 30 top-performing stocks over a three-year period, based on dividend-adjusted share price performance.

Orla Mining came 8th, and Wesdome 10th, with gains of 313% and 283% respectively. Both companies feature in the current top 9 selections on our watchlist.

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The 2021 TSX30 ranking:

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email  andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Orla Mining bought in the market at the prevailing price on the day of purchase.

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