Wesdome Gold (TSX: WDO) saw production decline slightly in the second quarter on a year over year basis, following a reduction in grade at the Kiena mine.
The company in the second quarter saw total gold production of 42,781 ounces of gold, a decline of 3% on a year over year basis from 44,035 ounces in the second quarter of 2024.
On a site by site basis, Eagle River saw a total of 48,623 tonnes of ore milled during the quarter, with average grades improving from 11.8 g/t gold to 16.9 g/t gold on a year over year basis. The Kiena Mine meanwhile saw 50,299 tonnes milled, while grades declined from 13.5 g/t gold to 10.7 g/t gold year over year.
All told, the Eagle River mine produced 25,612 ounces of gold in the Q2, as compared to 19,272 ounces in the year ago period, while the Kiena mine produced 17,169 ounces, versus 24,763 ounces in the second quarter of 2024.
Year to date, Eagle River has produced 54,611 ounces gold, while Kiena has produced 33,862 ounces, for a combined total of 88,473 ounces year to date. Gold sales meanwhile totaled 45,900 ounces in the second quarter, and 91,200 ounces year to date.
“We delivered a solid second quarter supported by safe and disciplined execution at both operations, keeping us on track to achieve our full-year consolidated production guidance with Eagle River’s production trending to the high end of its guidance range and Kiena pacing at or slightly below the low end. As outlined in our 2025 outlook earlier this year, production remains weighted toward the second half, with the fourth quarter expected to contribute nearly one-third of total annual output,” commented CEO Anthea Bath on the results.
Full financial results for the second quarter are scheduled to be released on August 13, after the close of markets.
Wesdome Gold last traded at $18.19 on the TSX.
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