Wesdome Gold Mines Ltd. has announced the approval of a Normal Course Issuer Bid to repurchase up to 2% of the Company’s public float over the next 12 months. President and CEO, Anthea Bath, highlighted the strength of Wesdome’s balance sheet and commitment to disciplined capital allocation to enhance per-share value. The NCIB is subject to TSX approval and will be funded through available liquidity after strategic growth initiatives. Wesdome intends to acquire up to 3,013,315 shares over the next 12 months through the NCIB, with purchases to be made at market price through Canadian trading systems.

Wesdome is a Canadian-focused gold producer with two high-grade underground assets – the Eagle River mine in Ontario and the Kiena mine in Quebec. The Company aims to build a growing value-driven Canadian gold producer by leveraging its operating platform and exploration pipeline. Forward-looking statements in the news release caution that actual results may differ from those anticipated due to various factors. More information is available on SEDAR.

Read more at GlobeNewswire: Wesdome Gold Mines Announces Normal Course Issuer Bid