Wesdome Gold Mines Ltd

WDO

Equity

ISIN null / Valor 2433239

Toronto Stock Exchange (2026-06-30)

CAD 24.35+0.41%

Wesdome Gold Mines Ltd
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About company

Wesdome Gold Mines Ltd is a Canadian-focused gold mining company that operates two high-grade underground mines: the Eagle River mine in Ontario and the Kiena mine in Quebec. The company is dedicated to expanding its production capabilities and aims to become Canada's next intermediate gold producer. Wesdome is actively involved in both brownfield and greenfield exploration projects to enhance its resource base and production potential. The company is publicly traded on the Toronto Stock Exchange under the symbol "WDO" and has a secondary listing on the OTCQX under the symbol "WDOFF." Through its strategic operations and exploration initiatives, Wesdome seeks to responsibly grow its presence in the gold mining industry.

Summarized from source with an LLMView SourceSector: Non-Energy Materials

Top‑line and pricing

Consolidated Q4 2025 revenue was $287.9M (+58% YoY) and FY 2025 revenue was $914.3M (+64% YoY). Average realized gold price was US$4,169/oz in Q4 and US$3,475/oz for 2025.

Profitability and margins

Q4 2025 net income was $117.4M (EPS $0.78) and FY 2025 net income was $349.5M (EPS $2.32). Q4 EBITDA was $195.0M and FY EBITDA was $602.4M. Gross profit and operating cash margin roughly doubled year‑over‑year for 2025.

Cash flow & balance sheet

Q4 2025 net cash from operations was $156.1M and free cash flow was $97.4M; FY 2025 net cash from operations was $456.8M and free cash flow was $278.1M. Liquidity at year‑end was $697M (including $353.9M cash and US$250M undrawn on the revolver).

Production and unit costs

Consolidated gold production in Q4 2025 was 46,638 oz (FY 185,576 oz, +8% vs 2024). FY cash costs were US$976/oz and FY AISC was US$1,518/oz. Q4 per‑ounce costs rose YoY (cash costs +30% and AISC +27% in Q4) largely due to grade/tonnage mix and higher sustaining spend.

Operational highlights — Eagle River

Eagle River Q4 production 23,861 oz (Q4 2024: 26,702 oz); full‑year 112,768 oz (+19% YoY). Mill throughput improved (Q4 +28% YoY) but Q4 grade was lower due to opportunistic development; Q4 AISC $2,687/oz, FY AISC $2,021/oz. 2026 guidance: 105k–115k oz for Eagle River.

Operational highlights — Kiena

Kiena Q4 production 22,777 oz (in line with prior year); FY production 72,808 oz. Q4 AISC $2,163/oz; FY AISC $2,276/oz. Presqu’île moved to full mining permit in Jan 2026 and is expected to support 2026 growth. 2026 guidance: 75k–90k oz for Kiena.

Capital allocation and shareholder returns

Wesdome spent $181.3M in sustaining+growth capex in 2025 and plans ~$205M capex in 2026 (≈$110M sustaining, $95M growth). The company repurchased 706,100 shares in Q4 for ~ $14M under a normal course issuer bid.

2026 guidance and outlook

Consolidated 2026 production guidance: 180,000–205,000 oz. Consolidated cash costs guidance: US$1,050–1,150/oz; AISC guidance: US$1,525–1,700/oz. Management expects ~US$350M free cash flow in 2026 at an average realized gold price of US$3,900/oz and will run a 270,000‑metre exploration program through the year.

Safety and exploration

Safety improved materially: Total Recordable Incident Frequency Rate was 1.02 in Q4 2025 and 1.00 for 2025 (vs 3.23 in Q4 2024). Exploration is being ramped up (270,000 m program) with multiple drill results and resource updates expected through 2026 (technical report summaries targeted for June 2026).

Summarized from source with an LLMView Source

Key figures

28.4%1Y

253%3Y

107%5Y

Performance

53.6%1Y

46.5%3Y

48.4%5Y

Volatility