Wesdome Gold Mines (TSE:WDO) has released an update.
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Wesdome Gold Mines reported a strong third quarter of 2024, with gold production increasing by 62% over the previous year and net income rising to $39 million. The company has improved its financial position significantly, doubling its cash reserves and eliminating bank debt, while also enhancing liquidity by nearly $80 million. Wesdome plans to leverage this financial strength to boost mine development, exploration, and infrastructure investment.
For further insights into TSE:WDO stock, check out TipRanks’ Stock Analysis page.