Wesdome Gold Mines Stock Earnings Reports

Wesdome reported a record Q3 2025 driven by all-time high production and strong realized gold prices, producing record revenues, net income, EBITDA and free cash flow. Cash on hand rose to CAD 266M and total liquidity exceeds CAD 600M. Eagle River delivered an outstanding operational quarter with production projected to be the highest in the mine's 30-year history, meaningful reductions in dilution, improved grades, lower costs and ramp development a year ahead of plan. Kiena showed operational progress (now mining from three horizons and October was its best month of the year), but Q3 underperformance—primarily at Presqu'ile due to contractor execution issues—led management to prudently lower Kiena 2025 guidance to 72,000–78,000 ounces and to increase near-term cost guidance to account for temporary redundancy measures. Management reiterated a mid- to upper-end consolidated 2025 production target of 177,000–193,000 ounces and said 2026 guidance will be provided in mid-January as budgeting and a technical report (with potential CapEx implications) proceed. Exploration activity is being accelerated (large multi-year program), with promising results and drilling programs at Eagle River and Kiena intended to feed an updated 2026 technical report. Capital allocation priorities are: fund high-return organic growth (mine life, exploration, asset optimization), maintain financial flexibility, and opportunistically return capital via a recently approved normal course issuer bid (NCIB). Management acknowledged labor/turnover pressures at Kiena and supply/contractor issues, and they are transitioning development work in-house and advancing infrastructure (e.g., Presqu'ile ramp breakthrough scheduled Q1) to improve redundancy and reliability.