- Wesdome Gold Mines released its Q1 results last month, reporting quarterly production of ~25,600 ounces at all-in sustaining costs of $1,339/oz.
- This represented a significant decline in margins on a year-over-year basis, despite being up against easy year-over-year comps due to the gold price weakness in Q1.
- However, this was largely out of the company's control and mine sequencing, with Wesdome is expecting a much stronger second half of the year at both its operations.
- Given Wesdome's attractive jurisdictional profile combined with industry-leading growth, I would view any pullbacks below US$8.80 as low-risk buying opportunities.
For further details see:
Wesdome Gold Mines: Valuation Improving After The Drop