Wesdome Gold Mines Stock Earnings Reports

Wesdome delivered a record Q1 (quarter ended March 31, 2026) with strong financial and operational performance. Key financials: revenue of $300M, net income $119M ($0.79/share), EBITDA $212M, operating cash flow $162M and free cash flow $126M (42% of revenue). Cash totaled $431M at quarter-end, liquidity (including undrawn credit) exceeds CAD 770M, and the company remains debt-free. Management executed share repurchases (first tranche completed; second tranche announced). Operations: Eagle River produced ~28,000 oz in Q1 with improving mill throughput (avg ~800 tpd) and rising stope productivity; path to 1,000 tpd planned. Kiena produced ~17,500 oz in Q1 (the lightest quarter), is ramping Presqu'ile and imminently connecting the ramp to Kiena Deep, increasing operational flexibility and weighted production toward H2. Costs: consolidated AISC USD 1,707/oz (Eagle River USD 1,616/oz; Kiena USD 1,844/oz) with wage/labor tightness and some inflationary pressures noted; consolidated AISC expected to peak in Q2 then decline. Guidance: full-year production and cost guidance maintained; sustaining and growth CapEx in line with guidance; exploration budget $55M and $30M expense guidance remains on track. Strategy & growth: management is shifting from short-term reserve replacement to a multi-year, growth-oriented exploration program (2026 drilling >270,000 m) to convert targets and expand resources at both Eagle River and Kiena; updated technical reports for both assets are scheduled for late June and will reflect drilling through end of 2025. Risks/highlights: labour availability (use of contractors raising costs), supply chain inflation (fuel/consumables), but strong cash generation allows continued exploration funding and shareholder returns (NCIB).