Wesdome Announces First Quarter 2024 Production Results; Provides Timing of First Quarter Financial Results

TORONTO, April 15, 2024 (GLOBE NEWSWIRE) -- Wesdome Gold Mines Ltd. (TSX: WDO, OTCQX: WDOFF) (“Wesdome” or the “Company”) today announces first quarter 2024 (“Q1 2024”) production results. The Company is also providing notice that it will release first quarter 2024 financial results after market close on Wednesday, May 8, 2024.

All figures are expressed in Canadian dollars unless otherwise indicated.

Q1 2024 Production Performance

		Q1 2024	Q1 2023
Ore milled
Eagle River	(tonnes)	51,632	54,283
Kiena	(tonnes)	45,344	42,324
Head grade
Eagle River	(g/t)	15.5	12.2
Kiena	(g/t)	5.9	5.9
Gold production
Eagle River	(ounces)	24,899	20,491
Kiena	(ounces)	8,423	7,877
Total Gold production	(ounces)	33,322	28,368
Production sold	(ounces)	35,700	30,000

Anthea Bath, President and CEO of Wesdome, commented:

“The first quarter of 2024 saw combined production which was in line with expectations, as we begin a year focused on delivering significant production and free cash flow growth. Further to our annual guidance update in January, the remaining three quarters are expected to see stronger output levels, supporting total planned production of 160,000 to 180,000 ounces this year.