Juan Jose Napuri
The Q1 Earnings Season for the Gold Juniors Index (GDXJ) has started, and one of the first junior producers to release its results was Wesdome Mines (OTCQX:WDOFF). The company had a mediocre Q1 overall with better than expected results from Eagle River but more of the same lower-grade ore at Kiena, with Kiena’s AISC spiking above $3,000/oz temporarily. However, the remainder of 2024 will look entirely different from Q1 from an output/cost standpoint, with back-end weighted production at Kiena that will contribute to ~45,000 ounce production quarters (company-wide) starting in Q3.
In this update, we’ll dig into the Q1 results, recent developments, and how Wesdome’s valuation stacks up relative to its peers after its 40% year-to-date return.
Kiena Operations – Company Website
Wesdome Mines Q1 Production & Sales
Wesdome released its Q1 results earlier this month, reporting quarterly production of ~33,300 ounces of…
