Wesdome Gold Mines Ltd. Announces Production Results for the Fourth Quarter and Full Year of 2015; Provides Production Guidance for the Year 2016
For the full year 2015, 173,189 tonnes were milled at a head grade of 7.8 gpt from the underground Eagle River Mine at a recovery rate of 94.8% to produce 41,132 ounces. At the open pit Mishi Mine, 132,942 tonnes were milled at a head grade of 2.6 gpt at a recovery of 87.4% to produce 9,580 ounces. The total combined production for 2015 was 50,712 ounces, a 3.5% decrease compared to 52,575 ounces in 2014.
In 2016, production at the Eagle River mine is forecast to range between 43,000 47,000 ounces at an average grade of between 8.5 9 gpt, a 9% - 15% improvement over 2015's head grades. This is the result of 2015's development plan to bring multiple high grade zones (300, 7 and 811 Zones) into its exploration, development, and production profile. At Mishi, 2016 pit production is expected to improve by at least 15% to between 11,000 13,000 ounces at an average grade of 2.4 gpt resulting in total mill production of 54,000 60,000 ounces for 2016.