03:45 PM EST - Wesdome Gold Mines Ltd. : reported second-quarter net income of $7.82 million, compared to $763,000 in the same quarter of last year. On a per-share basis, net income for the quarter was $0.08, compared to $0.01 in the prior-year quarter. Revenues for the quarter were $30.21 million, compared to $20.71 million in the prior-year quarter. For 2009, the company now expects to produce 80,000 ounces of gold, compared to prior outlook of 75,000 ounces of gold. The company continues to expect that lower input costs and increased mill throughput will help offset the lower grades. Wesdome Gold Mines Ltd.
shares T.WDO are trading up $0.04 at $1.73.
