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BRIEF-Wesdome Gold Mines Ltd Expects Slightly Lower Production In Q2

Published 2020-05-05, 06:01 p/m
© Reuters.
WDO
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May 5 (Reuters) - Wesdome Gold Mines Ltd WDO.TO :

* WESDOME ANNOUNCES 2020 FIRST QUARTER FINANCIAL RESULTS; GENERATES $16.7 MILLION IN FREE CASH FLOW

* Q1 REVENUE C$57.3 MILLION VERSUS REFINITIV IBES ESTIMATE OF C$55.4 MILLION

* EXPECT SLIGHTLY LOWER PRODUCTION IN Q2

* ARE MAINTAINING ANNUAL GUIDANCE OF 90,000 - 100,000 OUNCES

* MAINTAINING 2020 AISC GUIDANCE OF $1,280 - $1350 (US$985 - $1,040) PER OUNCE

* AS A RESULT OF UNCERTAINTY RELATED TO COVID-19, IT IS LIKELY THAT WE WILL NOT DRILL OUR PLANNED 237,000 METRES THIS YEAR

* QTRLY EARNINGS PER SHARE $0.08

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