Wesdome Gold Mines Q1 Earnings Call Highlights

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Sat, May 16, 2026 astatine 1:09 PM CDT 7 min read

Key Points

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Wesdome posted a grounds archetypal quarter with gross of CAD 300 million, nett income of CAD 119 million, and escaped currency travel of CAD 126 million, portion ending the play with much than CAD 430 cardinal successful currency and nary debt.
The institution reaffirmed full-year accumulation and outgo guidance, though first-quarter all-in sustaining costs were US$1,707 per ounce and absorption expects costs to highest successful Q2 earlier easing aboriginal successful the year.
Operations astatine some mines are improving: Eagle River is targeting higher throughput toward 1,000 tonnes per day, portion Kiena is ramping up Presqu’ile and different developments, with stronger accumulation expected successful the 2nd fractional of 2026.

Wesdome Gold Mines (TSE:WDO) reported what absorption described arsenic a grounds archetypal quarter, supported by beardown golden accumulation and prices, portion reaffirming its full-year accumulation and outgo guidance.

On the company’s net telephone for the 3 months ended March 31, 2026, President and CEO Anthea Bath said the 4th was a “company best” for revenue, nett income, EBITDA and operating currency flow. Wesdome generated CAD 126 cardinal successful escaped currency travel and ended the play with much than CAD 430 cardinal successful cash, adjacent aft repurchasing astir CAD 50 cardinal of its ain shares during the quarter.

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Chief Financial Officer Phil Yee said first-quarter gross totaled CAD 300 million, with nett income of CAD 119 million, oregon CAD 0.79 per share. EBITDA was CAD 212 million, operating currency travel was CAD 162 cardinal and escaped currency travel was CAD 126 million, oregon CAD 0.84 per share. Yee said escaped currency travel represented 42% of revenue, which helium described arsenic among the highest levels successful the golden sector.

Costs and guidance

Wesdome’s consolidated all-in sustaining costs were US$1,707 per ounce of golden sold successful the quarter. AISC was US$1,616 per ounce astatine Eagle River and US$1,844 per ounce astatine Kiena. Yee said costs were affected by higher contractor, advisor and attraction consumable costs, with wages representing the superior outgo unit amid a competitory labour market.

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The institution said it is maintaining its full-year consolidated accumulation and outgo guidance. Yee said Eagle River accumulation is expected to beryllium evenly distributed crossed the 4 quarters, portion Kiena’s archetypal 4th is expected to beryllium the lightest, with astir 60% of yearly accumulation weighted to the 2nd fractional of the year. Consolidated AISC is expected to highest successful the 2nd 4th and diminution afterward arsenic proviso concatenation initiatives statesman to lend savings.

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