Wesdome Reports Q1 Gold Output of 8,036 Ounces

Wesdome Gold Mines Ltd. (TSX:WDO) announced its production results for the first quarter of 2016, commenting that combined output from the Eagle River Complex came to 8,036 ounces.
As quoted in the press release:

Eagle River Underground Mine tonnes milled during Q1 were 39,839 tonnes at a recovered grade of 4.88 grams per tonne (“gpt”) to produce 6,254 ounces. At the Mishi Open Pit Mine tonnes milled were 36,287 at a recovered grade of 1.53 gpt to produce 1,782 ounces. At quarter end, ounces in stockpile after applying mill recoveries were an estimated 550 ounces for the Eagle River Underground Mine and an estimated 1,460 ounces for the Mishi Open Pit Mine. The Eagle River mill averaged 846 tonnes per day (TPD) for Q1, comparable to the fourth quarter of 2015 but below our target of 980 TPD as we undertook plant repairs and upgrades in the leaching circuit as well as the filtration circuit to boost mill throughput, utilization and improve gold recoveries.
Gold sales were 8,100 ounces at an average sales price of CAD$1,640 per ounce.

Rolly Uloth, president and CEO of Wesdome, commented:

As previously disclosed in our fourth quarter and full year 2015 Management’s Discussion and Analysis, Q1 production was constrained to the extraction of lower grade remnant reserve blocks in the upper part of the mine as development of higher grade reserve blocks was slower than anticipated due to scooptram mechanical issues. Development into the higher grade reserve blocks commenced late in Q1 with the addition of a rental scooptram, and will accelerate with the delivery of additional equipment in Q2. As a result, Q2 production is forecast at approximately 12,000 ounces, and grade and ounces are expected to further increase in the second half of the year.

Click here to read the full Wesdome Gold Mines Ltd. (TSX:WDO) press release.