Wesdome Highlights Exploration Potential Ahead of Mid-2026 Technical Reports

Executive Summary

• Wesdome Gold Mines hosted an exploration teach‑in for sell‑side analysts, outlining its refreshed exploration strategy and pipeline of targets.
• Management highlighted a tripling of annual exploration spend, a debt‑free balance sheet, strong free cash flow, and plans to release updated technical reports in June with revised reserves, resources and extended mine life guidance.
• The presentation featured new airborne magnetic survey results for the Kiena property and emphasized opportunities for high‑grade resource expansion and bulk‑tonnage upside across its two core land packages.

Key Details

• Event: Exploration teach‑in held in Toronto; replay and slide deck now available on Wesdome’s website.
• Leadership Comments:
• Anthea Bath (President & CEO) emphasized a shift from reserve replacement to long‑term organic growth, increased exploration investment, and disciplined multi‑year program.
• Noted debt‑free balance sheet and strong free cash flow supporting the expanded spend.
• Exploration Investment: Annual exploration capital has more than tripled over the past three years (exact dollar amount not disclosed).
• Strategic Focus:
• High‑grade resource expansion at Eagle River (Figure 1) and bulk‑tonnage upside at Kiena.
• Development of new mineralized systems beyond historic zones.
• Technical Work: New airborne magnetic survey results for the Kiena property presented (Figure 2).
• Upcoming Milestones:
• June 2026 – Release of updated technical reports for both Eagle River and Kiena mines, expected to include revised reserves, resources, a consolidated long‑term view, extended mine life estimates, and cost‑improvement strategies.
• Financial Position (as described): Debt‑free balance sheet; strong free cash flow supporting increased exploration spend.

Notable Quotes

“We have repositioned to prioritize long‑term organic growth and the full utilization of our mills… we have more than tripled our annual exploration investment and launched a disciplined, multi‑year exploration program focused on growing reserves and resources while making new discoveries.” – Anthea Bath, President & CEO

Materiality Assessment: Non‑Material – Positive (the release provides forward‑looking strategic information without immediate quantitative impact on financial results).