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. Wesdome derives its name from the joint venture between Western Quebec Mines Inc. and Dome Mines Ltd. 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 of 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.Wesdome Gold Mines is 100% unhedged and has never hedged. Our strengths are quality gold deposits and an experienced, efficient operating team. Wesdome Gold Mines is a low-overhead, no-nonsense, owner-operated company working for its shareholders. Furthermore, Wesdome Gold Mines has the capacity to build and operate underground gold mines, a rare skill in an era driven by contract mining.
Improving gold markets will enable the Company to execute its vision of regional development centred on both the Kiena Complex and the Eagle River Mine. Wesdome Gold company is forecasting production of 70,000 oz of gold in 2010. Wesdome Gold company plans to replicate this successful strategy elsewhere. Wesdome Gold Mines Ltd. trades on the TSX Exchange under the symbol "WDO" and has 100.7 million shares outstanding.