Wesdome Gold Mines (TSE:WDO) has released an update.
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Wesdome Gold Mines Ltd. reported a productive first quarter in 2024 with a notable increase in gold production and financial performance, including a 36% rise in cash margin and a net income of $10.7 million. The company’s operational success was driven by higher-grade material at Eagle River and advancements in their exploration program, which saw promising results at Kiena Deep and new zones. With improved liquidity and a reduction in credit facility debt, Wesdome is on track to meet its annual guidance with expectations of increasing production and cash flow throughout the year.
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