TORONTO, Sept. 16, 2013 /CNW/ - Power was restored at the Eagle River Mining & Milling Complex on Friday, September 13, 2013. The main electrical transformer was replaced following a failure due to a lightning strike on Sunday, September 1.
A backup transformer has been sourced to deal with any future mishaps in a timely manner.
Rolly Uloth, CEO stated "We want to acknowledge the efforts of our employees, suppliers and service providers for responding to this challenge in record time. The impact of this downtime on our annual production target is being assessed and will be clarified in the third quarter report."
Wesdome is in its 26th year of continuous mining operations in Canada. It currently has two producing gold mines in Wawa, Ontario and owns the Kiena Complex in Val d'Or, Québec. The Company has 101.8 million shares issued and outstanding and trades on the Toronto Stock Exchange under the symbol "WDO".
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.
SOURCE: Wesdome Gold Mines Ltd.
For further information:
President & CEO
416-360-3743 ext 25
Philip Ng, P.Eng.
Chief Operating Officer
416-360-3743 ext 23
George Mannard, P.Geo.
Vice President, Exploration
416-360-3743 ext 22