Wesdome Gold Mines Stock Earnings Reports

Wesdome reported a very strong Q3 2025 with record revenues, earnings and cash generation driven by all‑time high quarterly production and higher gold prices. Key financial highlights: revenues up 57% to $230M, net income $87M ($0.58/share), EBITDA $150M, operating cash flow ~$118M and free cash flow ~$79M; cash balance topped $266M and total liquidity (including revolver) exceeds $600M. Management reiterated mid‑to‑upper end 2025 consolidated production guidance of 177–193 koz, with Eagle River expected near the top of its guidance and Kiena revised to 72–78 koz (down from prior outlook) to reflect contractor issues and temporary redundancy measures that have raised Kiena unit costs. Eagle River: outstanding operational performance, record quarterly production (34k oz), meaningful reductions in dilution, lower AISC (USD 1,203/oz) and development ahead of plan. Kiena: operational challenges at Presqu'ile due to underperforming contractor and higher turnover; improvement steps include transitioning development in‑house, adding mining horizons (now mining three areas), Presqu'ile ramp breakthrough targeted in Q1, ventilation and other infrastructure reviews, and temporary higher resourcing that elevated AISC (USD 1,899/oz). Capital allocation: company will continue to fund organic growth (exploration, mine life expansion, asset optimization), retain flexibility, and return capital via an opportunistic NCIB (up to 2%); management highlighted very high free cash flow yield and sensitivity: roughly CAD 15–20M of annualized free cash flow per USD 100/oz gold price move. Exploration: active multi‑year program (year 1 of 5) with encouraging results at Eagle River (6 Central, 720, 311), large-scale global model and two‑phase drilling to feed a 2026 technical report, and promising programs at Kiena (Dubuisson, Shawkey, Kiena Deep). Near‑term risks: Kiena execution and contractor transition, labor/turnover pressures in Val d’Or, potential delay in Presqu'ile mining permit (bulk sample limit will be exhausted if permit delays persist), and elevated short‑term costs at Kiena while fixes are implemented. Overall, balance sheet strength and strong cash flow provide flexibility for growth and shareholder returns, while operational focus is on stabilizing Kiena and advancing exploration upside.