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Overview

Western Goldfields is a gold producer focused on completing the expansion of its Mesquite Mine, located in Imperial County, California, and returning the mine to full production. With a 2.8 million ounce gold reserve, the Company is the only multi-million ounce US gold reserve not controlled by a major gold company. Mesquite is expected to produce approximately 15,000 ounces of gold in the first quarter. Second quarter production will increase to between 40,000-50,000 ounces of gold, and full year's production for 2008 is expected to be between 155,000-165,000 ounces of gold. The average cost of sales for the year is expected to be between $355-$365 per ounce of gold. Western Goldfields common shares trade on the Toronto Stock Exchange under the symbol WGI, and on the American Stock Exchange under the symbol WGW. For further details, please visit www.westerngoldfields.com.


Contact Information

2 Bloor Street West
Suite 2102 PO Box 110
Toronto, ONM4W3E2

tel: 416-324-6000
fax: 416-324-9494
http://www.westerngoldfields.com

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Stock

Exchange: AMEX
Industry: Gold
Market Cap: $343.1M




 
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