Wesdome Gold Mines Ltd. Reports Sales and Production Results for the Fourth Quarter and Full Year of 2013; Provides Production Guidance for the Year 2014
Full year production totaled 52,980 ounces of gold. Sales for the year totaled 54,914 ounces generating bullion revenue of CAD 80 million at an average sales price of CAD 1,452 per ounce.
In 2014 the company forecast 50,000 ounces of gold production, or a 10% increase from Eagle River and Mishi over 2013. Production will come primarily from Eagle River Mine and the Mishi stockpile. Mill throughput is expected to increase 50% for the year and strong grades are expected to persist.