Wesdome Gold Mines Ltd.

Wesdome Gold Mines Ltd. (TSX: WDO)

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Wesdome Gold Mines shares soared 49.33 percent to close at C$2.24 a share Thursday. The stock traded between C$1.71 and C$2.24 on volume of 4.48 million shares traded. The company announced the finding of a high grade gold discovery at its Kiena mine complex located near Val d'Or, Quebec. "These early results exceed expectations, and these rich veins are unlike anything previously encountered at this property. Three holes have been completed to date, hitting four high-grade intersections," commented George Mannard, Wesdome's vice-president of exploration. Shares of Wesdome Gold Mines have gained approximately 76.4 percent year-to-date and are up roughly 23.8 percent in the past month.