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Has the Analyst or any Partner, Director or Officer been paid for travel expenses incurred as a consequence of an onsite visit with all the Issuer within the last 12 months? No
Can Echelon Wealth Partners Inc. and/or one or more entities affiliated with Echelon Wealth Partners Inc. beneficially own common shares (or any other type of common equity securities) of the issuer which constitutes more than 1 percent of the currently issued and outstanding shares of the lien? No
The title of any partner, manager, officer, employee or agent of this Dealer Member who’s an officer, manager or employee of the issuer, or who serves in any advisory capacity to the issuer. No
( Firms Disclaimer: WDO:TSX,
Can the any member of the Analyst’s family have a financial interest in the securities of the subject issuer? No
We assert that further upside remains with several catalysts that are important to emerge ” he composed, in 2019.
At Eagle River, Wesdome plans 51,000m of underground exploration drilling, in a price of CA$6.9 million, and 43,000m of significance drilling.
The title of manager, any partner, officer, employee or agent of the Dealer Member who is an officer, director or employee of the waiver, or who functions in any capacity.
Is this an issuer related or industry publication that is related? Issuer.
Why this mining company warrants Pick standing, an Echelon Wealth Partners report clarifies.
He attributed the decline to an position resulting expecting Wesdome to perform an equity increase, together with pressure about the gold price in large part. “A increase isn’t likely, although the business intends to finance mining efforts in 2019 with cash flow. The company finished Q1/19 with $27.8 million in cash.
The program for Kiena is 50,000 meters (50,000m) of subterranean drilling using five rigs and 9,000m of surface drilling, where the budget is CA$26.9 million.
The manufacturing beat is attributed to some higher-than-expected grade of 18.5 g per bunch (18.5 g/t) in Eagle River. It exceeded Echelon’s estimated 15.5 g/t grade and Wesdome’s own guidance of 15.5–16.5 g/t. “The grade outperformance reflects mining of the 303 lens,” Walker clarified.
Can Echelon Wealth Partners Inc. or the Analyst have some actual material conflicts of interest with the issuer? No
Has the Analyst received any compensation from the subject company in the last 12 months? No
Is Echelon Wealth Partners Inc. a market maker at the issuer’s securities at the date of this report? No
From The Gold Report
Echelon has a Speculative Buy rating and a CA$6 percent share target on Wesdome, whose current share price is approximately CA$4.75 per share.
During the last 12 months, has Echelon Wealth Partners Inc. received compensation for having provided investment banking or related solutions to this Issuer? No
Ipersonally, Ryan Walker, hereby certify that the opinions expressed in this report accurately reflect my personal views about the subject securities or issuers.
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Walker concluded that for Wesdome at “ expanding manufacturing, 2019 and exploration drilling [will] gas further upside. ”
1 reason for naming Wesdome a Top Choice, Walker highlighted, is that it is “delivering increased 2019 guidance . ” It noted production of 19,010 ounces, above Echelon’s forecasted 17,309 oz. With this functionality, the company is attaining advice of 31–35,000 oz.
Its Research Analysts are compensated by echelon Wealth Partners from a variety of sources. The Research Department is a cost center and is financed by the Company actions of Echelon Wealth Partners like, Trading and Institutional Equity Sales , Retail Revenue and Corporate and Investment Banking.
Additional remains from Wesdome’s continuing exploration attempts, Walker pointed out. In spite of an updated resource estimate sometime in H2/19, the business intends to tackle an drill program both in Eagle River, and at Kiena, in which there is a restart decision expected in the year.
With the fall in the share price and in light of the upcoming catalysts, now is a good thing to get into the stock or add to a ’s place, Walker indicated.
Has the Analyst needed an onsite visit using the Issuer over the last 12 months? Yes. Yes.