Today we review Wesdome Gold Mines. What is Wesdome Gold Mines? What do they offer to you (the investor)? Are there better alternatives? This are just a few of the many questions we help you answer in this review. Ok, let´s start!
Name of the company: Wesdome Gold Mines
Official Website URL: https://www.wesdome.com/
CEO: Duncan Middlemiss
Products: Gold, mining stocks
In this review, we shall be looking at Wesdome Gold Mines Limited, which is one of the longest surviving companies in the niche in which it operates. How has this company managed to consistently deliver value to investors and why should you rely on its investment options? Let us find out shortly by providing answers to the following questions:
– What is Wesdome Resources Gold Mines about?
– How does it work?
– Which products does it offer?
– Is Wesdome Gold Mines genuine?
– Which investment opportunities does this company offer?
– What are the outstanding alternatives to these investments?
– What are the pros and cons of Wesdome Gold Mines?
What is Wesdome Gold Mines?
Wesdome Gold Mines Limited is a Canadian-based gold-production that has its headquarters in Toronto, Ontario. It runs its mining, exploration and development activities within the Canadian national borders. This company came to birth in 1976, a joint venture that was meant to explore and develop the Wesdome Property located in Val d’Or.
This company’s name comes from the joint venture between Western Quebec Mines Inc. and Dome Mines Limited that was staged in 1997 to purchase the Dome Mines Interest. Running its operations under the new name Wesdome Gold Mines Limited, this company advanced its operations fully on the property. It became a publicly listed company in 1999.
How it works
Wesdome Gold Mines holds more than three decades’ experience in the management of mines within the Canadian national borders. Currently, this company is focused on a pipeline of projects that are in various stages of development. Wesdome Gold’s main objective is to rise to the ranks of Canada’s next intermediate producer of gold, with the capacity to produce more than 200,000 ounces of gold from its two mines located in Ontario and Quebec.
This company’s Eagle River Complex located in Wawa, Ontario is at the moment producing its gold from the Mishi Open pit and Eagle River Underground Mine. This company is also actively involved in the exploration activities in its brownfield project at the Kiena Complex located in Val d’Or, Quebec.
Wesdome Gold Mines Limited also has upside at the Moss Lake Gold deposit, which lies West of Thunder Bay, Ontario. This company has spread out its value amongst the 137 million shares issued to its shareholders.
Wesdome Gold Mines is a famous gold production company, which you can already deduce is able to supply gold to the market. This company has already managed to supply several million ounces of gold to various users in the gold ecosystem. Its capacity to produce this precious metal is actually expected to increase with the increased effort in the exploration projects, which are meant to help with the discovery of new gold reserves.
Is it a genuine company?
Wesdome Gold Mines is 100% legit. Some of the main things that act as sufficient proof that this company is genuine include:
– This company has been in existence for more than 3 decades, and its projects have been sitting on land that the Canadian government would possibly not do without scrutinizing.
– There is a map on Wesdome Gold’s official website that shows the location of its main mining and exploration assets.
– The executive managers in this company are well-recognized personalities whose service in the mining sector has earned them a good reputation. Some of the main leaders include:
-Duncan Middlemiss- President, CEO
-Charles Main-Independent Director
-Nadine Miller –Independent Director, Audit, Technical, Safety and Sustainability
-Brian Skanderbeg-Independent Director, Chair of Technical, Safety and Sustainability
-Bill Washington –Independent Director, Audit, Chair of Compensation and HR
This company has been offering shareholders the much sought-after value through stocks since 1999 when it became a publicly traded corporation. Currently, it is listed on the Toronto Stock Exchange where its stocks are traded under the ticker WDO. With this company’s plans to go big on its exploration projects, investors can expect more growth. Be sure to check out the historical trends and statistics of these stocks on Yahoo Finance and Bloomberg.
Alternatives to Wesdome Gold Mines’ stocks
Investment assets cannot be void of risk, but there are those that have a lower risk profile. Investing in such assets may not give you a very high return, but you can almost rest assured that you will end up profiting at the end of the investment period. One such asset is physical gold. It not characterized by regular price fluctuations that are experienced with stocks. If you open a gold IRA account with a professional precious metals IRA firm such as GoldCo, your physical gold will be kept safely for you, as you wait on the right moment for you to cash it out.
Investing in mining stocks can also be a profitable venture. This is, however, highly dependent on the information that you rely on to make your strategic moves. Those who have already used Resource Insider can attest to this quite well. With enough information on mining and energy stocks, you can make more income from the investments you settle on, and this is exactly what Resource Insider seeks to help you with.
Think about it:
You may have already seen what happens to stock prices every time there is a major economic crisis. Investing in physical gold through a gold IRA will present you with a list of many benefits, including the professional services of the custodians who guide you on how to structure your portfolio.
With a company such as GoldCo, for example, you can invest in an IRA.
I also want to recommend Resource Insider as they let you invest like a Mining Magnate without you having to be one… If you want to profit from the mining industry and get (huge value) insider info.
Both of the companies mentioned here also offer other services that you as an investor might find very beneficial so it might be a wise thing of you to have a look at both of them and take advantage of their great FREE services to start with.
Our #1 recommendations (best of both worlds) below:
Pros and cons
It might be wise to compare the positives against the negatives before you make any decisions about investing in something. As always in our reviews we provide you with some clear points on both sides of the spectrum:
– Owns several mines
– Very invested in exploration projects
– Very keen worker safety.
– Has had issues of environmental pollution in the past.
– It’s stock prices’ are subject to external and uncontrollable forces of the market.
Do You Own or represent Resources Gold Mines?
If you are a representative, or associate of Resources Gold Mines and have found something not to be correct in this review please, feel free to tell us and I will make sure to update the info on this post. The easiest way to do it is in the comment section below or simply by sending us an e-mail to firstname.lastname@example.org.
Final words and verdict
Overall rating: (3 / 5)
Ok, I think that sums up the overall view of Resources Gold Mines pretty good. It is a legit service for sure, however, if it is the right one for you or not is something you have to decide yourself. It is always a wise thing to educate yourself as much as possible in the areas you are interested in. It might be a good thing for you, however, make sure to get your info from more than one source.
You made a wise decision to read this review and you are a smart person so I am absolutely sure that you will find the right company to do business with that suits your particular needs the most.
What I would recommend?
There are many great investment services out there. We have many Gold Mining investment opportunities and services, coin dealers, IRA service providers, and financial services in general listed on this website, mostly for precious metals and Bitcoin but also for other alternative investments.
You can find the best from 2 worlds that we can recommend below:
I hope you found this short review of Resources Gold Mines to be helpful and that you now have a better understanding of what it is and if it is something for you or not. Please, if you have used any of their services then share your experience in the comment section below as it can help others! Also, if you got any questions about this review I will be more than happy to answer them below!
I wish you success!
founder of: Goldretired.com