Denver Gold Group > Member Company Profile > Wesdome
Address
8 King Street East, Suite 1305
Toronto, ON M5C 1B5
Canada
Value Drivers
- Established Canadian gold mining company
- Gold only - Canada only
- Investing in development for growth
- Unhedged - fully leveraged
- Conservative bookeeping
Management
| Chairman: | Brian Northgrave |
| CEO/President/MD: | Donovan Pollitt |
| CFO: | Brian Ma |
| COO: | Andre Roy |
| Other Key Staff: | George Mannard, V.P. Exploration |
IR Contact
Barb Holden
416 360-3743
invest@wesdome.com
www.wesdome.com
Cautionary Information
© Copyright 2012, Denver Gold Group & Wesdome.
Although every care has been taken to ensure that this data is accurate, Denver Gold Group cannot accept responsibility for sourcing variances, mistakes, errors or omissions or for any action taken in reliance thereon. Use of this data is governed by Denver Gold Group's Terms of Use. Certain information contained in this profile, including any information as to strategy, projects, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance, constitute "forward-looking statements". All statements, other than statements of historical fact, are forward-looking statements. The words "believe", "expect", "will", "anticipate", "contemplate", "target", "plan", "continue", "budget", "may", "intend", "estimate" and similar expressions identify forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual financial results, performance or achievements of the Company to be materially different from the Company's estimated future results, performance or achievements expressed or implied by those forward-looking statements and the forward-looking statements are not guarantees of future performance. These risks, uncertainties and other factors include, but are not limited to: the impact of global liquidity and credit availability on the timing of cash flows and the values of assets and liabilities based on projected future cash flows; changes in the worldwide price of commodities and energy inputs; fluctuations in currency markets; changes in global and national interest rates; risks arising from holding derivative instruments; the ability of the Company to complete or successfully integrate an announced acquisition proposal; legislative, political or economic developments in the jurisdictions in which the Company carries on business; operating or technical difficulties in connection with mining or development activities; employee relations; availability and costs associated with mining inputs and the construction of capital projects; the speculative nature of exploration and development, including the risks of obtaining necessary licenses and permits and diminishing quantities or grades of reserves; changes in costs and estimates associated with the Company’s projects; adverse changes in the Company's credit rating, level of indebtedness and liquidity, contests over title to properties, particularly title to undeveloped properties; the risks involved in the exploration, development and mining business, including, without limitation, environmental hazards. Certain of these factors are discussed in greater detail in the Company's most recent regulatory filings with various national securities and other authorities. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.
Wesdome
Toronto Stock Exchange : WDO
Last Updated: April 10, 2012
| Status: | Producer |
| Primary Mineral: | Gold |
| Primary Country of Operation: | Canada |
Wesdome was created to provide investors a leveraged investment in gold and has been producing gold on an unhedged basis since 1989. Our mines are located in historic mining districts in Ontario and Quebec, Canada. Over the years we have cobbled together impressive land positions and fully-integrated mining and processing infrastructure in two proven districts.
We are currently investing in development with two new projects under construction and evaluation. Within existing mines, development is focused on bringing on a new generation of higher grade production areas.
This work is setting the stage for a production growth sequence from 2012 onwards.
Annual Production
Gold, koz per year
GEOs: No
Annual Proven & Probable Reserves
Gold, Moz per year
Mineral Authority: NI 43-101, GEOs: No
All data is attributable unless otherwise stated in footnotes. Mineral resources are exclusive of reserves unless otherwise stated in footnotes.
Other Markets Traded On
WDOFF.US
Top Shareholders
- Resolute Funds
- Sprott Asset Management
- AGF
Capital Structure
| Common Shares Outstanding: | 101,908,159 |
| Float (%): | 50 |
| Warrants Outstanding: | 0 |
| Options Outstanding: | 1,823,000 |
| Fully Diluted Shares: | 103,731,159 |
Stock as of April 24, 2012
| Local: CAD | USD | |
|---|---|---|
| Stock Price: | 1.38 | 1.39 |
| 52-Week Range: | 1.3100 - 3.1000 | 1.32 - 3.13 |
| Market Cap: | 141 MM | 142 MM |
| Fully Diluted Market Cap: | 143 MM | 145 MM |
| 1-Year Return: | -47.92% |