Northwire Canada EditionFriday, September 11, 2026
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GOLD 4407.30 −1.2% SILVER 64.93 −5.4% COPPER 6.55 −5.0% OIL 102.48 +6.7% PALLADIUM 1294.70 −6.2% IGO 0.190 −2.6% MCI 0.165 −2.9% GGI 0.080 +6.7% ETF 0.040 −11.1% ADE 0.100 +5.3% WDO 33.52 −3.3% IMM 0.065 +8.3% SNAG 0.240 −7.7% TUF 0.670 −2.9% VZZ 0.245 −3.9% APGO 3.55 +12.0% ISO 15.38 −6.6% VCG 1.52 +1.3% WRX 0.040 +0.0% TLG 2.22 −4.7% BARU 0.060 +0.0% GOLD 4407.30 −1.2% SILVER 64.93 −5.4% COPPER 6.55 −5.0% OIL 102.48 +6.7% PALLADIUM 1294.70 −6.2% IGO 0.190 −2.6% MCI 0.165 −2.9% GGI 0.080 +6.7% ETF 0.040 −11.1% ADE 0.100 +5.3% WDO 33.52 −3.3% IMM 0.065 +8.3% SNAG 0.240 −7.7% TUF 0.670 −2.9% VZZ 0.245 −3.9% APGO 3.55 +12.0% ISO 15.38 −6.6% VCG 1.52 +1.3% WRX 0.040 +0.0% TLG 2.22 −4.7% BARU 0.060 +0.0%
Drill Results Routine +

Wesdome Confirms New Parallel Zone at Kiena Deep and Extends Mineralization at Depth Across Multiple Eagle River Zones

Wesdome’s June drilling validates its 270km exploration pipeline, while a delayed NI 43-101 report tempers near-term catalysts.

By The Northwire Desk — AI Analysis Jun 22, 2026 · 17:07 WDO · 25.34 Wesdome Gold Mines Ltd.
Executive Summary
  • Wesdome released exploration drilling results from its Kiena Deep and Eagle River assets, highlighting new high-grade mineralized corridors and extended zones.
  • At Kiena Deep, drilling confirmed a new 150-metre vertical mineralized corridor in the Norbenite Footwall, including 6.9 g/t Au over 42.1 m, remaining open in all directions.
  • Additional Kiena Deep intercepts include 33.9 g/t Au over 3.4 m (A Zone), 8.5 g/t Au over 4.7 m (A1 Zone), and 52.2 g/t Au over 4.3 m (A2 Zone), extending zones eastward.
  • At Eagle River, step-out drilling extended the 800 Zone ~300 metres deeper, intersected a 618.2 g/t Au intercept in the 300 Zone, and confirmed broad intervals at Mishi and Cameron Lake targets.
  • Management noted that these results post-date the January 2026 database cut-off for the upcoming year-end 2025 mineral resource update, which is now targeted for year-end 2026.
  • Follow-up drilling is scheduled for the Norbenite Footwall, BZ1, 800 Zone, and 6 Central Zone in 2026.
Material Impact
  • Routine - Positive. The exploration results are expected and telegraphed by the company's aggressive 2026 drilling plan. The delay of the NI 43-101 technical report to year-end 2026 is a minor negative but standard for late-year resource updates. The stock has already corrected from its May peak, pricing in the near-term timeline shift. There is no immediate NAV or production impact from this drill update alone.
WDO · Price
Company Overview
  • Wesdome operates two producing gold mines in Tier-1 Canadian jurisdictions: Eagle River (Ontario) and Kiena (Quebec).
  • The company focuses on high-grade underground gold mining with a "fill-the-mill" strategy to maximize throughput at both sites.
  • Eagle River has a permitted capacity of 1,200 tpd, while Kiena has 2,040 tpd. Both are targeting 80%+ utilization.
Read the original news release →

More from Wesdome Gold Mines Ltd.

Sep 10, 2026 · 17:01

Wesdome’s Kiena Deep confirmation adds optionality, though no true width or resource tonnes were disclosed for the new discovery.

Drill Results Aug 13, 2026 · 18:17

Wesdome’s Kiena mine inflection point arrives as first-half average implemented costs exceed full-year targets, requiring second-half efficiency gains.

Earnings Aug 06, 2026 · 20:01

Wesdome validates an eight-year mine life targeting 230,000 ounces of gold production by 2028.

Resource Estimate Jul 13, 2026 · 17:06

Wesdome’s Kiena output rose 28% year-over-year, offsetting an Eagle River grade decline as Presqu’île stope production approaches and full-year guidance remains intact.

Production / Operations Jun 24, 2026 · 23:31

Wesdome launches its maiden dividend, supported by an eight-year reserve mine life and a one billion dollar free cash flow target.

Other Jun 24, 2026 · 23:31

Wesdome Extends Reserve Life to 8 Years at Both Mines, Establishes Robust Free Cash Flow Profile, and Outlines Significant Organic Growth Pipeline

Production / Operations