Login ID:
Partner Login
Contact Us : 7066511911

Press Release: Wesdome Announces Fatality at Kiena Complex in Val d'Or Quebec

10 Sep 2017 5:27 pm

Wesdome Announces Fatality at Kiena Complex in Val d'Or Quebec

TORONTO, Sept. 09, 2017 (GLOBE NEWSWIRE) -- Wesdome Gold Mines Ltd. ("Wesdome" or the "Company") (TSX:WDO) regrets to announce that an employee of a mining contractor was fatally injured underground today at the Kiena Complex.

Personnel responded urgently however efforts to revive the individual were unsuccessful. Police and the provincial safety authorities CNESST were immediately notified and called to the site. All activities underground at Kiena are suspended while the Company works with the authorities to determine the cause of death.

Duncan Middlemiss, President and CEO commented, "We are deeply saddened by this news and we extend our sincere condolences to the family, friends and colleagues of the deceased. Wesdome is fully cooperating with the investigation, and providing support to families and employees at site during this difficult time."


Wesdome Gold Mines is in its 30(th) year of continuous gold mining operations in Canada. The Company is 100% Canadian focused with a pipeline of projects in various stages of development. The Eagle River Complex in Wawa, Ontario is currently producing gold from two mines, the Eagle River Underground Mine and the Mishi Open pit, from a central mill. Wesdome is actively exploring its brownfields asset, the Kiena Complex in Val d'Or, Quebec. The Kiena Complex is a fully permitted former mine with a 930 metre shaft and 2,000 tonne per day mill. The Company has further upside at its Moss Lake gold deposit, located 100 kilometres west of Thunder Bay, Ontario, which is being explored and evaluated to be developed in the appropriate gold price environment. The Company has approximately 133.9 million shares issued and outstanding and trades on the Toronto Stock Exchange under the symbol "WDO."

For further information, please contact:

Duncan Middlemiss

President and CEO

416-360-3743 ext. 29



Lindsay Carpenter Dunlop

VP Investor Relations

416-360-3743 ext. 25


8 King St. East, Suite 811

Toronto, ON, M5C 1B5

Toll Free: 1-866-4-WDO-TSX

Phone: 416-360-3743, Fax: 416-360-7620

Website: www.wesdome.com

This news release contains "forward-looking information" which may include, but is not limited to, statements with respect to the future financial or operating performance of the Company and its projects. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Forward-looking statements contained herein are made as of the date of this press release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances, management's estimates or opinions should change, except as required by securities legislation. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements. The Company has included in this news release certain non-IFRS performance measures, including, but not limited to, mine operating profit, mining and processing costs and cash costs. Cash costs per ounce reflect actual mine operating costs incurred during the fiscal period divided by the number of ounces produced. These measures are not defined under IFRS and therefore should not be considered in isolation or as an alternative to or more meaningful than, net income (loss) or cash flow from operating activities as determined in accordance with IFRS as an indicator of our financial performance or liquidity. The Company believes that, in addition to conventional measures prepared in accordance with IFRS, certain investors use this information to evaluate the Company's performance and ability to generate cash flow.

(END) Dow Jones Newswires

September 10, 2017 13:27 ET (17:27 GMT)
Top 5 Special Reports
USD/INR (Jul 20) Distributional Chart Pattern / Top ...
USD/INR (Jul 20) Distributional Chart Pattern / Top ...
USD/INR (Jul 20) Distributional Chart Pattern / Top ...
Charts Indicate Declining Refining Margins in White Su...
Weekly: ICE Sugar Slides on Weak Whites, Dull Demand & ...