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Earnings

Wesdome Delivers Record Annual Gold Production and Provides 2026 Guidance

By The Northwire Desk — AI Analysis Jan 20, 2026 · 06:31 WDO · 27.00 Wesdome Gold Mines Ltd.
WDO · Price

Executive Summary

  • Wesdome Gold Mines Ltd. announced its Q4 and Full Year 2025 operating results, reporting record production and strong free cash flow generation that nearly tripled its cash position to over $350 million.
  • The Company provided 2026 guidance targeting consolidated gold production of 180,000 to 205,000 ounces, with a focus on the "fill-the-mill" strategy and significant exploration investment.
  • Wesdome plans to release its formal Q4 and Full Year 2025 financial results on March 11, 2026, and host a webcast on March 12, 2026.

Key Details

  • Q4 2025 Production: Total gold production of 46,638 ounces (Eagle River: 23,861 oz; Kiena: 22,777 oz).
  • FY 2025 Production: Total gold production of 185,575 ounces (Eagle River: 112,767 oz; Kiena: 72,808 oz), marking another year of record production.
  • FY 2025 Ore Milled: 476,614 tonnes total (Eagle River: 257,447 tonnes; Kiena: 219,167 tonnes).
  • FY 2025 Head Grade: 12.6 g/t consolidated (Eagle River: 14.1 g/t; Kiena: 10.5 g/t).
  • 2026 Consolidated Production Guidance: 180,000 to 205,000 ounces (Midpoint: 192,500 oz).
    • Eagle River: 105,000 - 115,000 ounces.
    • Kiena: 75,000 - 90,000 ounces.
  • 2026 Cost Guidance (Consolidated):
    • Cash Costs: US$1,050 - US$1,150 per ounce.
    • All-in Sustaining Costs (AISC): US$1,525 - US$1,700 per ounce.
  • 2026 Capital Investment: Total of $205 million CAD.
    • Sustaining Capital: $110 million ($60M Eagle River, $50M Kiena).
    • Growth Capital: $95 million ($45M Eagle River, $50M Kiena).
  • Exploration Budget: $55 million for 2026, including >270,000 meters of planned drilling.
    • Eagle River: $25 million, 145,000 meters.
    • Kiena: $30 million, 125,000 meters.
  • Share Repurchases: Since fall 2025, the company repurchased 706,100 shares for $14.4 million (approx. 25% of the $60M authorized NCIB).
  • Financial Position: Cash position nearly tripled year-over-year to >$350 million.
  • Upcoming Catalysts:
    • Financial Results Release: March 11, 2026.
    • Webcast: March 12, 2026, at 10:00 a.m. ET.
    • Technical Reports & Mineral Reserve/Resource Update: Expected June 2026.
    • Presqu'île Permit: Expected Q1 2026, enabling ramp-up of 250-400 tonnes/day of incremental mill feed.

Notable Quotes

  • "I am pleased to report that we met our revised 2025 production guidance, marking another year of record production with exceptional safety performance... Strong free cash flow generation also strengthened our balance sheet, nearly tripling our cash position year-over-year to more than $350 million and providing exceptional flexibility heading into 2026." — Anthea Bath, President and CEO
  • "Importantly, we enter this year with confidence and upward momentum. While we have been prudent with our 2026 guidance, we anticipate another year of record production and robust free cash flow margins." — Anthea Bath, President and CEO
Read the original news release →

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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.

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