Wesdome Gold Mines Ltd

Latest Results (20.01.2026):

Wesdome Gold Mines Ltd — Q3 2025: the company reported a strong quarter with multiple records — revenue of $230.3M, gross profit of $149.0M, net income of $86.9M (basic EPS $0.58) and EBITDA of $149.6M — driven by a quarterly record in consolidated gold production (50,465 oz) and robust cash generation (net cash from operations $118.2M; free cash flow $79.0M). Safety metrics improved and liquidity grew to $615.0M at quarter‑end.

Key financial metrics

Q3 2025 revenue $230.3M; gross profit $149.0M (up 112% YoY); operating cash margin $168.4M; EBITDA $149.6M (up 77% YoY); net income $86.9M (up >100% YoY), basic EPS $0.58.

Production and unit costs (consolidated)

Consolidated gold production 50,465 oz (record; +12% YoY). Gold sold 47,400 oz. Cost of sales per oz US$947 (CAD $1,305/oz); AISC per oz US$1,419 (CAD $1,954/oz). Average realized gold price US$3,523/oz (CAD $4,853/oz).

Cash generation and liquidity

Net cash from operating activities $118.2M (or $0.78/share); free cash flow $79.0M (or $0.52/share). Liquidity at Sept 30, 2025 was $615.0M, including cash $265.9M and US$250.0M undrawn on the revolving credit facility (vs. $273.1M liquidity at Dec 31, 2024).

Eagle River — standout quarter

Eagle River produced 34,296 oz in Q3 2025 (up from 23,688 oz YoY) driven by higher grade and throughput. Eagle River Q3 AISC improved to US$1,203/oz (CAD $1,657/oz) and gold revenue rose to $158.5M.

Kiena — operational challenges and outlook

Kiena produced 16,169 oz in Q3 2025 (down 25% YoY) due to lower grades and execution/contractor issues. Q3 AISC rose to US$1,899/oz (CAD $2,615/oz). Management adjusted Kiena full‑year 2025 guidance to 72,000–78,000 oz and increased site cash cost and AISC ranges.

Updated 2025 consolidated guidance

Wesdome updated consolidated 2025 guidance to 177,000–193,000 oz. Consolidated cash costs are now guided at $1,275–$1,375/oz and AISC at $2,025–$2,175/oz (CAD). Eagle River is expected to hit the high end of its guidance; Kiena guidance was reduced for prudence.

Safety and corporate actions

Safety improved: TCIFR was 0.72 in Q3 2025 (vs. 1.62 in Q3 2024). Post‑quarter, the TSX approved an NCIB to repurchase up to 3,013,315 common shares (~2% of public float).

Investor next steps

Management hosted a conference call/webcast to discuss results; full financial statements and MD&A were posted to the company website and SEDAR+ on November 4, 2025. Summarized from source with an LLMView Source