Wesdome’s President and Chief Executive Officer, Anthea Bath, commented: “We are pleased to announce that production at the Presqu’île Zone is expected to commence ahead of schedule, advancing the timelines originally set in our mine plans. Incremental ore from Presqu’île is a key component in achieving Kiena’s 2026 production guidance and an important step toward achieving our fill-the-mill strategy. Once fully ramped up, this new zone is expected to deliver 250 to 400 tonnes of additional ore per day to Kiena’s mill.”
Kevin Weston, general manager of Kiena, added: “I would like to thank the Kiena team for their dedication and hard work in securing the mining lease for Presqu’île and in carefully preparing for upcoming mining operations in a disciplined, safe and responsible manner. This achievement reflects the high quality of teamwork at Kiena and the collaborative relationships we have built with government.”
About Wedome
Wesdome is a Canadian-focused gold producer with two high-grade underground assets: Eagle River in Northern Ontario and Kiena in Val-d’Or, Québec. The company’s primary objective is to responsibly leverage its operating platform and high-quality brownfield and greenfield exploration pipeline to build a value-driven mid-tier gold producer.
Forward-Looking Statements
This press release contains “forward-looking information” which may include, but is not limited to, statements regarding the future financial and 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”, “predicts”, “intends”, “anticipates” or “believes” or variations (including negative variations) of such words and phrases, or states that certain actions, events or results “may”, “might”, “could”, “might” or ‘shall’ be undertaken, take place or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors that 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.
Forward-looking statements or information in this press release include, but are not limited to, statements or information regarding: the expectation that Presqu’île, once fully ramped up, will supply an incremental quantity of ore of 250 to 400 tons per day to the plant and incremental ore from Presqu’île is a key component in achieving Kiena’s 2026 production guidance and an important step toward achieving Kiena’s fill-the-mill strategy.
The Company has made certain assumptions about the forward-looking statements and information, including assumptions about: the ability to execute our development plans, including the timing thereof; our ability to obtain all required approvals and permits; cost estimates relating to exploitation and exploration activities; changes in the firm’s input costs; geotechnical risk; the impact of inflation; the geopolitical, economic, licensing and legal environment in which we operate; potential disruptions related to natural disasters such as forest fires; operational exposure to diseases, epidemics and pandemics; timing, costs and results of our construction, improvements and exploration; increasing costs or availability of labor, electricity, supplies, fuel and equipment; the future price of gold and other commodities; exchange rates; relationships with communities, governments and other stakeholders; fulfillment of debt obligations; expected values, costs, expenses and working capital requirements; production and metallurgical recovery; mineral reserves and resources; and the impact of acquisitions, divestitures, suspensions or delays on our business and ability to achieve our goals. In addition, unless otherwise stated, we have assumed a continuation of existing business activities on virtually the same basis as at the time of issuing this press release. Although our management believes that the assumptions made and the expectations represented by such statements or information are reasonable under the circumstances, there can be no assurance that the forward-looking statement or information will prove to be accurate. Many assumptions can be difficult to predict and are beyond the company’s control.
Furthermore, if one or more of the risks, uncertainties or other factors materialize, or if underlying assumptions prove incorrect, actual results may differ materially from those described in any forward-looking statements or information. These risks, uncertainties and other factors, including those discussed in the sections entitled “Cautionary Statement Regarding Forward-Looking Information” and “Risks and Uncertainties” in the Company’s most recent annual information form. Readers are urged to carefully review the detailed risk discussion in our most recent Annual Information Form, which is available on SEDAR+ and on the Company’s website.
There can be no assurance that forward-looking statements or information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company assumes no obligation to update any forward-looking statements if circumstances, estimates or management’s opinions should change, except as required by securities laws. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.
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