Wesdome Gold: Close, But No Cigar

Jan. 20, 2023 6:16 AM ETWesdome Gold Mines Ltd. (WDO:CA), WDOFF26 Comments


  • Wesdome Gold Mines' Q4 production was good but not good enough.
  • The Kiena restart requires yet more patience from investors.
  • 2023 looks like a cumbersome year.
  • Looking for a helping hand in the market? Members of Itinerant Musings get exclusive ideas and guidance to navigate any climate. Learn More »

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Wesdome Gold (OTCQX:WDOFF) released Q4 production results and its 2023 guidance on January 18 and the market casted its verdict in no uncertain terms. For readers wondering if this was a buying

Data by YCharts

a few disappointing numbers in a table

Guidance miss in numbers (company filings, author's work)

A chart with squiggly lines and bars.

Mill performance (company filings, author's database)

A chart with squiggly lines and bars.

Gold output (company filings, author's database)

A chart with squiggly lines and bars.

Balance sheet (company filings, author's database)

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This article was written by

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Engineer by trade and passion. Have worked internationally for over three decades, running my own business. I hold a PhD in engineering, but honestly believe that the school of hard knocks has taught me lessons that are more applicable to my writing here on Seeking Alpha. My investing interests mostly concern the resource sector, with a focus on precious metals, base metals and energy stocks of all sizes. My research explicitly includes small- and micro-cap juniors, and I try to manage the associated risks in a methodical manner.

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