Wesdome Gold Mines

Wesdome was a very high-grade gold production story with a steady flow of spectacular, bonanza-grade exploration results. This seemed very promising, but the COVID-19 lockdowns were not the only source of operational difficulties that have plagued the company. Despite the terrific grades the company kept losing money, which is a cardinal sin for producers in my book. This was a case of three strikes and I was out. If the company ever delivers consistent profit, quarter after quarter, and still has growth on tap, I may reconsider. For now, I'm just glad I got most of my investment back.