| Company type | Public |
|---|---|
| TSX: WDO | |
| Industry | Gold Mine |
| Founded | 1976 [1] |
| Headquarters | , |
Key people | Duncan Middlemiss President & CEO |
Number of employees | 130 [2] |
| Website | www |
Wesdome Gold Mines Ltd. is a mining, exploration and development company based in Toronto, Ontario, focused primarily on gold.
 | This section needs additional citations for verification .(August 2020) |
Wesdome Gold Mines Inc. was created as a joint venture in 1976 for the purpose of exploring and developing the Wesdome property in Val d'Or, Quebec, Canada. Wesdome derives its name from the joint venture between Western Quebec Mines Inc. and Dome Mines Limited.
In 1997 Western Quebec Mines bought out Dome Mines' interest.
In 1999 Wesdome Gold Mines Inc. became a publicly listed company. Wesdome Gold Mines proceeded with its advanced exploration and development on the wholly owned property.
In December 2003, Western Quebec Mines Inc. purchased the Kiena Complex and subsequently put the property into Wesdome Gold Mines Inc., completing and consolidating the Wesdome land package around Lac De Montigny. Wesdome Gold Mines' Val d'Or assets include 7,500 hectares of wholly owned property on the Kiena, Wesdome, Shawkey and Siscoe properties, as well as a 920-metre shaft, 2000 tpd CIP mill and extensive surface and underground infrastructure.
On February 1, 2006, River Gold Mines Ltd. merged with Wesdome Gold Mines Inc., to create Wesdome Gold Mines Ltd. River Gold Mines Ltd. was formed in 1994 to consolidate ownership of the Eagle River property, located 50 km west of Wawa, Ontario. In the low gold price environment from 1997 to 2002, all other known gold deposits and mining infrastructure in the Mishibishu greenstone belt were acquired. As of January 2017, the Wawa assets had produced 1.1 million ounces of gold. [3] Wesdome Gold Mines' Wawa assets include 5200+ hectares of wholly owned property on the Eagle River and Mishi properties, a 580-metre shaft, a 1000 tpd Merril Crowe milling facility, and over 75 kilometres of underground development.
On July 10, 2007, Wesdome Gold Mines Ltd. merged with Western Quebec Mines Inc. In doing so, Wesdome added 1000 contiguous hectares to its already large Val d'Or land package, removed the controlling shareholder and simplified its corporate structure.
In January 2017 Wesdome reported a new gold discovery at its Eagle River Mine. Underground drilling returned multiple high-gold intercepts including 7.08 g/t Au uncut over 8.88 metres and 28.72 g/t Au uncut over 20.67 metres. [3]
On February 22, 2016, Wesdome Gold Mines Ltd. was convicted of discharging tailings into Mirion Creek between January 1, 2012 and May 7, 2013. These discharges were not reported to the Ministry of the Environment and Climate Change (MOECC) and were revealed by a joint investigation by the MOECC and Environment Canada. Wesdome Gold Mines Ltd. has now been placed on the MOECC's Environmental Offenders Registry.
In 2016 Wesdome Gold Mines Ltd. applied to the MOECC to use a water body adjacent to their Eagle River Milling Complex to deposit tailings waste in. The tailings will be coming from the Mishi open-pit mine, and the Eagle River Milling Complex. These are existing operations which will be expanding their production.
Wesdome Gold Mines Ltd. trades on the TSX Exchange under the symbol "WDO" and has 102.0 million shares outstanding. [1]
Wesdome reported in April 2017 it had extended the 300W Zone by 250 metres at its Eagle River mine, with highlighted intercepts including 21.2 g/t gold over 2.17 metres and 28.59 g/t gold over 2.11 metres. Surface drilling at its Mishi mine also confirmed extensions of mineralization west of the existing open pit, with intercepts including 1.95 g/t gold over 29.8 metres and 3.42 g/t gold over 7.3 metres. [4]
Wawa is a township in the Canadian province of Ontario in the Algoma District. Formerly known as the Township of Michipicoten, named after a nearby river of that name, the township was officially renamed in 2007 for its largest and best-known community of Wawa, located on the western shores of Wawa Lake.
Val-d'Or is a city in Quebec, Canada with a population of 32,752 inhabitants according to the 2021 Canadian census. The city is located in the Abitibi-Témiscamingue region near La Vérendrye Wildlife Reserve.
Agnico Eagle Mines Limited is a Canadian-based gold producer with operations in Canada, Finland, Australia and Mexico and exploration and development activities extending to the United States. Agnico Eagle has full exposure to higher gold prices consistent with its policy of no-forward gold sales. It has paid a cash dividend every year since 1983.
Placer Dome Inc. was a large mining company specializing in gold and other precious metals, with corporate headquarters in Vancouver, British Columbia, Canada.
Goldcorp Inc. was a gold production company headquartered in Vancouver, British Columbia, Canada. The company stood among the largest gold producers in the world, employed about 15,800 people worldwide, engaged in gold mining and related activities including exploration, extraction, processing and reclamation. Goldcorp’s operating assets included eleven mines in North and South America.
Preissac is a municipality in the Canadian province of Quebec, located in the Abitibi Regional County Municipality. The village of Preissac itself is located at the north end of Lake Preissac.
Gold Mining often plays a significant role in Burkina Faso’s economy. Burkina Faso has become Africa's 4th biggest producer of gold in 2012. Production of mineral commodities is limited to cement, dolomite, gold, granite, marble, phosphate rock, pumice, other volcanic materials, and salt.
Iamgold Corporation is a Canadian company that owns and operates gold mines in Burkina Faso and Canada. Headquartered in Toronto, the company was incorporated in 1990, and went public on the Toronto Stock Exchange in 1996, with additional shares being listed on the New York Stock Exchange beginning in 2005. The company formerly owned or had stakes in the Sadiola and Yatela gold mines in Mali, the Mupane gold mine in Botswana, the Niobec niobium mine in Quebec, as well as a royalty in the Diavik Diamond Mine.
Adex Mining Inc. is a Toronto, Ontario, Canada-based mining exploration company engaged in the development of its wholly owned Mount Pleasant Mine property in Charlotte County, New Brunswick, Canada. According to the Government of Canada report, Mount Pleasant is "North America's largest tin deposit and the world's largest reserve of indium." The company's stock trades on the TSX Venture Exchange under the symbol ADE.
Sphinx Resources Ltd. is a Canadian company focused on exploration of precious and base metals within mining rights in Quebec. It is listed on the TSX Venture Exchange. The company was formerly named Donner Metals Ltd., headquarters are in Vancouver, and active in other provinces, but changed names in 2014 and moved its headquarters to Montreal, Quebec. As Donner, its principal project was a 35-65 joint venture with Glencore Xstrata in Matagami, Quebec.
The Canadian Malartic Corporation is a mining company that operates the Malartic mine near Malartic, Quebec. Prior to 2014 the company was a public company named Osisko Mining Corporation with shares listed on the Toronto Stock Exchange and New York Stock Exchange. In 2014, Osisko Mining was subject to a hostile takeover bid by Goldcorp but an alternative bid by white knights Yamana Gold and Agnico Eagle Mines Limited was accepted that, in addition to offering a higher price, created the spin-off Osisko Gold Royalties and turned Osisko Mining Corporation into the subsidiary company Canadian Malartic Corporation jointly owned by Yamana Gold and Agnico Eagle. From its founding in 1982 until 2006, Osisko Mining bought and sold mineral exploration rights in Quebec, conducting exploration work. The company acquired an interest in the Canadian Malartic property in 2004 and after promising feasibility studies the mine was constructed with commercial production achieved in May 2011.
The Abitibi gold belt is a region of Canada that extends from Wawa, Ontario to Val-d'Or, Quebec. Located within the mineral-rich Abitibi greenstone belt, the gold belt is an established gold mining district having produced over 100 mines, and 170 million ounces of gold since 1901. Timmins, a town founded in 1912 following the Porcupine Gold Rush and subsequent creation of the Hollinger Mines, McIntyre Mines and Dome Mine, which was one area in the region that experienced a gold rush, beginning in 1909. The Kerr Addison Mine in Virginiatown was at one time Canada's largest gold producing mine. Many of the towns readily acknowledge gold mining as part of their history, some being named after gold. One of Canada's 'large roadside attractions' is a 12-foot replica of a 1908 gold sovereign built to commemorate Canada's first gold coin which was made using gold from the Kerr Addison owned Kerr-Addison mine.
Orex Exploration is a former Canadian gold mining company that conducted exploration work on mining properties it owned in the Goldboro and Guysborough County areas of Nova Scotia. The properties owned by Orex were the sites of the former Boston Richardson Mine, Dolliver Mountain Mine, West Goldbrook Mine, and East Goldbrook Mine which operated between 1892 and 1912. Headquartered in Rouyn-Noranda, Quebec, the company was founded in 1987 and raised funds for exploration work, in part, by issuing stocks traded on the Montreal Stock Exchange and then the TSX Venture Exchange. It became a subsidiary of Anaconda Mining Inc. after Anaconda acquired the company in a stock swap deal in 2017.
New Gold Inc. is a Canadian mining company that owns and operates the New Afton gold-silver-copper mine in British Columbia and the Rainy River gold-silver mine in Ontario, Canada. Through a Mexican subsidiary company, they also own the Cerro San Pedro gold-silver mine in San Luis Potosí, Mexico, which ceased operation in 2017. While New Gold was founded in 1980 for the purposes of mineral exploration, the company became a mine operator with its merger of Peak Gold and Metallica Resources in 2008. A fourth company, Western Goldfields, joined in 2009. Together they operated the Peak mine in Australia and Mesquite Mine in California but sold both in 2018. Headquartered in Toronto, shares of the company are traded on the Toronto Stock Exchange and NYSE American.
First Majestic Silver Corp. is a Canadian silver-mining company that operates in Mexico and the United States. It has four producing mines under its control: San Dimas Silver/Gold Mine, Santa Elena Silver/Gold Mine, La Encantada Silver Mine, and Jerritt Canyon Gold Mine. First Majestic also produces and sells its own bullion rounds and bars.
Queenston Mining, Inc. was a Canadian resource company focused on the exploration and development of gold deposits on “Proven Mine Trends” in geopolitically stable areas. The objectives of the Company were to expand upon its exploration areas to enlarge existing deposits and to target new discoveries, and to return to producer status through the development of its 100% owned properties.
Ivanhoe Mines is a Canadian mining company focused on advancing its three principal projects in Southern Africa: the development of new mines at the Kamoa-Kakula copper discoveries in the Democratic Republic of Congo (DRC), the Platreef palladium-platinum-nickel-copper-rhodium-gold discovery in South Africa, and the extensive redevelopment and upgrading of the historic Kipushi zinc-copper-germanium-silver mine, also in the DRC. Ivanhoe also is exploring for new copper discoveries on its wholly owned Western Foreland exploration licences in the DRC, near the Kamoa-Kakula Project.
Fission Uranium Corp. is a mineral exploration company engaged in the exploration and development of uranium assets. Its sole project is the Patterson Lake South (PLS) Project located in Canada's Athabasca Basin District.
The LaRonde Mine is a gold mine in the Abitibi-Témiscamingue region 62 kilometres (39 mi) west of Val-d'Or in Quebec, Canada.
The Detour Lake mine property contains the mineral rights to a large area, approximately 235 km2 (91 sq mi), in northeastern Ontario, near the Quebec border, approximately 185 km (115 mi) northeast of Cochrane, Ontario, or 260 km (160 mi) northeast of Timmins, Ontario. In 1979, rights-holder Amoco Canada Petroleum agreed with Dome Mines and Campbell Red Lake Mines Ltd. to explore and develop the mineral resources. In 2019, Detour Gold – the former operating company of the mine – was acquired by Kirkland Lake Gold.
