Northwire Canada EditionFriday, July 10, 2026
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TLO 5.37 +5.7% BNKR 4.88 +1.7% GG 2.25 +3.2% MJS 0.100 +5.3% PAAS 62.54 +3.6% PE 0.230 +0.0% SGML 17.19 +4.8% LAR 10.34 −1.1% NED 0.025 +0.0% GEN 0.080 +0.0% TVI 0.060 +0.0% SKYG 0.025 −37.5% WRLG 0.660 +6.5% FFU 0.120 −7.7% LOD 0.310 +3.3% CBI 0.110 +0.0% TLO 5.37 +5.7% BNKR 4.88 +1.7% GG 2.25 +3.2% MJS 0.100 +5.3% PAAS 62.54 +3.6% PE 0.230 +0.0% SGML 17.19 +4.8% LAR 10.34 −1.1% NED 0.025 +0.0% GEN 0.080 +0.0% TVI 0.060 +0.0% SKYG 0.025 −37.5% WRLG 0.660 +6.5% FFU 0.120 −7.7% LOD 0.310 +3.3% CBI 0.110 +0.0%
Drill Results Routine +

Wesdome Reports High-Grade Results Across Multiple Zones at Eagle River, Supporting Resource Growth and Conversion Potential

Wesdome Gold Drilling Validates Eagle River Growth Strategy Amidst Strong Cash Flow

By The Northwire Desk — AI Analysis May 11, 2026 · 17:16 WDO · 29.31 Wesdome Gold Mines Ltd.
Executive Summary
  • Wesdome Gold Mines Ltd. released an exploration update on May 11, 2026, focusing on high-grade drilling results at its Eagle River mine.
  • Key intercepts include 43.2 g/t Au over 1.9 m in the 700 Zone and 20.2 g/t Au over 3.4 m in the 6 Central Zone.
  • The company confirmed extensions of high-grade trends in the 6 Central Zone (over 700 metres) and Falcon 311 Zone.
  • Total global model drilling for 2026 is projected between 80,000 and 90,000 metres.
  • Management stated results validate their targeting approach and support near-term resource conversion opportunities.
Material Impact
  • The news confirms the execution of the previously announced aggressive exploration program (80k-90k metres planned).
  • High-grade intercepts are consistent with the geological model established in late 2025 and early 2026 updates.
  • No immediate change to reserves or resources is announced; a technical report update was scheduled for June 2026 (per March 2026 news).
  • The stock has already rallied significantly from ~$17 in May 2025 to ~$28 in May 2026, pricing in much of the exploration success.
  • This is an expected follow-up to the Q1 operating results and strategic outlook presented earlier in 2026.
WDO · Price
Company Overview
  • Flagship Projects: Eagle River Mine (Ontario) and Kiena Mine (Quebec).
  • Eagle River: Underground mine focusing on high-grade conversion and resource growth via "Global Model" drilling strategy.
  • Kiena: Underground mine with bulk-tonnage upside; Presqu'ile zone permit secured for production ahead of schedule.
  • Operations: Four full-time underground drill rigs at Eagle River; Kiena approaching 800 tonnes per day throughput.
  • Strategy: Shift from reserve replacement to long-term organic growth and mill utilization ("fill-the-mill").
Read the original news release →

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