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Message: Wesdome news [another Grandich holding]

Wesdome news [another Grandich holding]

posted on Feb 09, 2010 08:47AM

http://www.kitco.com/pr/1090/article_02092010084206.pdf

PRESS RELEASE

WESDOME 2009 PRODUCTION TOPS 96,000 OUNCES, SALES EXCEED $100 MILLION

Toronto, Ontario: February 9, 2010 – Wesdome Gold Mines Ltd. is pleased to announce its 2009 gold production and sales figures (all figures in Canadian dollars).

2009 Production and Sales

Gold production from Wesdome’s 100%-owned Eagle River and Kiena mines for the year ended December 31, 2009 totalled 96,152 ounces exceeding our initial 75,000 ounce forecast by 28%. Sales for the year totalled $103 million with 92,700 ounces sold at an average price of $1,112.50 per ounce. In 2008, 86,100 ounces were sold at an average price of $931.25 per ounce. Unsold gold bullion inventory at year end, 2009, stood at 14,000 ounces.

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