Wesdome Gld Mine Stock Price, News & Analysis

Wesdome (OTCQX: WDOFF) announced that Chief Operating Officer Guy Belleau will leave the company effective January 30, 2026. Tyler Mitchelson will assume COO responsibilities on an interim basis.

Management thanked Mr. Belleau for his service and welcomed Mr. Mitchelson, who most recently served as Senior Vice President, Copper Growth at Teck Resources from 2022 to 2025 and previously held senior roles including CEO of Metallurgical Coal and CEO of Royal Nickel Corporation. Mr. Mitchelson holds a Bachelor of Commerce (Honours) from the University of Manitoba and a Chartered Accountant designation.

Wesdome (OTCQX: WDOFF) reported record annual gold production of 185,575 oz in 2025, met revised guidance, and entered 2026 with cash of >$350M. The company issued 2026 guidance of 180,000–205,000 oz (midpoint 192,500 oz), consolidated cash costs of US$1,050–1,150/oz, all-in sustaining costs of US$1,525–1,700/oz, and total capital investment of $205M. Wesdome plans a record $55M exploration program (270,000+m drilling) and expects strong free cash flow; a US$100/oz gold price move changes annual FCF by ~$20M. Presqu'ile production is subject to final permit approval expected in Q1 2026. Webcast of Q4 and FY2025 results scheduled for March 12, 2026.

Wesdome Gold Mines (OTCQX:WDOFF, TSX:WDO) appointed Faheem Tejani to its Board of Directors effective December 31, 2025. Mr. Tejani will serve as an independent director and Chair of the Audit Committee. With his appointment the board will total eight members, including seven independent directors.

Mr. Tejani brings more than 25 years of finance and capital markets experience, currently serves as President of Capital Asset Lending since 2018, previously held senior roles at BMO Capital Markets from 2000–2018, has served as a director of Ero Copper since 2023, and was a director of Pretium Resources until its 2022 acquisition. He is a CPA, CA and holds an Honours BA from Western University.

Wesdome (OTCQX:WDOFF) reported 2025 surface and underground exploration results at its wholly owned Eagle River project near Wawa, Ontario, highlighting a new 10-kilometre prospective strike along the Mishibishu Deformation Zone and expanded near-surface mineralization at Mishi. Key drill highlights include MSH-2025-024: 8.3 g/t Au over 4.7 m and other multi-gram assays, plus a 88.6 m at 1.0 g/t intersection in the Cameron Lake iron formation. Dorset wireframes are complete and a resource update is expected in 2026. Most assays remain pending and 2026 drilling will test the new structural interpretation and priority targets.

Wesdome (OTCQX:WDOFF) reported results from its 2025 Kiena surface exploration program, highlighting multiple high‑grade intercepts across four priority zones: Dubuisson, Northwest, 134 and Wesdome.

Key facts: the 2025 program drilled ~38,000 metres (≈30% above 2024); Dubuisson infill hole DB-24-045 returned stacked high-grade intervals up to 20.8 g/t Au over 7.2 m; Northwest hole NW-25-023 returned 203.0 g/t Au over 1.2 m; 134 Zone returned 56.8 g/t Au over 1.8 m. Wesdome zone drilling validated historical grades; Wesdome inferred resource is 1.3 Mt at 4.9 g/t Au (205,000 oz). Planned 2026 program is ~55,000 metres to advance targets and test new magnetic survey results.

Wesdome (OTCQX: WDOFF) reported record Q3 2025 results with multiple quarterly highs and strong liquidity. Key metrics: net income $86.9M, EBITDA $149.6M, free cash flow $79.0M, consolidated gold production 50,465 oz, and liquidity of $615.0M as at Sept 30, 2025. Average realized gold price was US$3,523/oz. Cost of sales rose to US$947/oz and AISC was US$1,419/oz. Eagle River delivered an operational record (34,296 oz in Q3 2025) and drilling programs continue to expand targets, with several follow-ups planned into Q4 2025 and early 2026.

Wesdome (OTCQX:WDOFF) reported a new mineralized zone at the Dubuisson deposit, intersected by hole DB-25-068 returning 4.1 g/t Au over 25.8 metres (core length, uncapped), including 6.1 g/t Au over 6.1 metres. The interval begins at 410.4 metres and lies about 100 metres below the Dubuisson North Zone, roughly 350 metres from Level 33 exploration drift, indicating potential to expand the deposit at depth. As of mid-October 2025 the 2025 program completed 41 holes totalling 11,361 metres, with at least one follow-up hole planned and a larger barge program scheduled for summer 2026. Existing Dubuisson resources include a probable reserve of 36,400 oz at 5.8 g/t, indicated 18,000 oz at 4.6 g/t, and inferred 55,600 oz at 5.4 g/t.

Wesdome (OTCQX: WDOFF) reported Q3 2025 operating results and record quarterly production on Oct 21, 2025, ahead of financial results on Nov 4 and a Nov 5 webcast.

Key Q3 metrics: total gold production 50,465 oz (+12% YoY), Eagle River production 34,296 oz (+45% YoY) driven by higher mill throughput and grade, and Kiena production 16,169 oz (-25% YoY) after a hoist shutdown. Cash was $266M with total liquidity > $600M. The company filed for a normal course issuer bid and published its ESG report.

Wesdome (TSX: WDO; OTCQX: WDOFF) filed a notice seeking TSX approval for a Normal Course Issuer Bid (NCIB) to repurchase up to 2% of its public float over 12 months. Wesdome had 150,969,214 shares outstanding as of October 16, 2025 and currently intends to acquire up to 3,013,315 shares for cancellation if approved.

Purchases would follow TSX rules with a daily maximum of 182,093 shares (25% of six-month ADV of 728,373) and may include one weekly block purchase exceeding that limit. The company says it has no debt and will fund repurchases from cash on hand and operating cash flow while prioritizing organic growth.