Wesdome Gold Mines (TSX: WDO) has met their guidance midpoint in terms of 2025 production, with the company this morning releasing production results for the fourth quarter and full year.
Production in the fourth quarter totaled 46,638 ounces of gold on a consolidated basis, with Eagle River reporting production of 23,861 ounces of gold, and Kiena recording 22,777 ounces. The quarter meanwhile saw gold sales of 49,430 ounces.
For the full fiscal year, production totaled 185,575 ounces of gold, with Wesdome hitting the midpoint of guidance, which called for 177,000 to 193,000 ounces of production. Eagle River in 2025 produced 112,767 ounces of gold with an average head grade of 14.1 g/t, while Kiena reported production of 72,808 ounces with average head grades of 10.5 g/t.
“I am pleased to report that we met our revised 2025 production guidance, marking another year of record production with exceptional safety performance – a clear testament to the discipline and commitment of our team. 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,” commented Anthea Bath, CEO of Wesdome Gold.
Looking to 2026, Wesdome has guided to consolidated gold production of 180,000 to 205,000 ounces of gold at average head grades of 10.0 to 12.0 g/t. Cash costs are anticipated to be between $1,050 and $1,150 an ounce, while all in sustaining costs are expected to range from $1,525 to $1,700 an ounce.
On the capital side, sustaining capital is estimated at $110 million and growth capital at $95 million, with total capital investment for 2026 estimated at $205 million.
“We expect to generate significant free cash flow in 2026 while investing strategically in high-return initiatives that position the Company for its next phase of growth and long-term value creation. At the same time, we will continue to opportunistically repurchase shares under our normal course issuer bid, reflecting our confidence in the intrinsic value of our company. Since initiating the program last fall, we have repurchased 706,100 shares for a total of $14.4 million,” continued Bath.
Wesdome Gold Mines last traded at $27.00 on the TSX.
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