Wesdome Gold Mines Ltd. reports company developments tied to its Canadian gold mining operations, centered on the Eagle River mine in Northern Ontario and the Kiena mine in Val-d'Or, Québec. News commonly covers gold production, ore milling, grades, sales volumes, financial results, cost and operating performance, and updates on mine plans.
Company announcements also cover underground exploration drilling, resource expansion work, permitting at Kiena's Presqu'île Zone, and the brownfield and greenfield exploration pipeline that supports reserve replacement and mine-life planning. Other recurring topics include share repurchase activity under its normal course issuer bid and executive leadership changes.
Wesdome Gold Mines (WDOFF) reported third-quarter 2026 gold production of 41,287 ounces and maintained its full-year production guidance despite lower output. Quarterly production fell 18% year over year; nine-month production declined 6% to 130,414 ounces. Eagle River output fell 28%, while Kiena output rose 2%. Both mines increased ore milled but reported lower average grades.
Wesdome maintains guidance of 180,000 to 205,000 ounces, expects results below the midpoint and anticipates its strongest quarter in Q4. Quarterly gold sales fell 12% to 41,800 ounces, while the average realized gold price rose 21% to US$4,279 per ounce. Ending cash was approximately C$377 million, with no debt. The company paid its first dividend in Q3 and repurchased 1.8 million shares in July for C$46 million. Q3 financial results are scheduled for November 4, 2026, after market close.
Wesdome Gold Mines (WDOFF) reported new exploration results from the Shawkey 10 target at its Kiena mine in Val-d'Or, Quebec, including hole SH-26-001, which intersected 3.1 g/t gold uncapped over 106.5 metres (2.6 g/t capped).
The hole also returned higher-grade intervals such as 20.4 g/t gold uncapped over 10.8 metres and 5.6 g/t over 6.2 metres, and expanded the interpreted thickness of the diorite host rock from about 80 metres to more than 200 metres. Wesdome said the results indicate a broad diorite-hosted mineralized system that may extend from surface to over 700 metres true depth and remains open, supporting the concept of a larger Kiena East mineralized corridor. Drilling is ongoing to define geometry, continuity and a potential initial resource.
Wesdome Gold Mines (WDOFF) reported new high-grade drill results at the Kiena mine’s Kiena Deep area, confirming the Norbenite Footwall Zone and discovering additional zones.
Hole N134-7207 intersected 7.7 g/t Au (7.3 g/t capped) over 57.2 m core length in the Norbenite Footwall Zone, supporting mineralization traced over about 150 vertical metres that remains open laterally, up-plunge and at depth. At level 109, six holes confirmed the new VZ Zone, including intercepts such as 6.4 g/t Au over 7.0 m and 4.6 g/t Au over 8.0 m, located less than 100 m from existing infrastructure. A separate VZ Parallel Vein delivered 23.8 g/t Au over 4.0 m, about 50 m from the drill bay, and also remains open.
Wesdome (OTCQX: WDOFF) implemented its previously announced dividend reinvestment plan (DRIP) effective August 12, 2026. The optional DRIP lets eligible shareholders reinvest all or part of cash dividends into additional Wesdome common shares bought on the Canadian open market with no commission or brokerage fees.
The board earlier declared an inaugural quarterly cash dividend of $0.0306 per share, payable September 29, 2026 to shareholders of record on September 15, 2026. Registered shareholders must submit DRIP enrolment forms to Computershare by September 8, 2026 to participate for this dividend.
Wesdome Gold Mines (OTCQX: WDOFF) reported Q2 2026 revenue of $266.8 million, up 28% year-over-year, on consolidated gold production of 43,824 ounces, a 2% increase. Cash costs rose 45% to US$1,342/oz and all-in sustaining costs increased 15% to US$1,763/oz versus Q2 2025.
Gross profit grew 22% to $161.2 million, EBITDA rose 23% to $169.7 million, and net income was $94.0 million, or $0.64 per share. Free cash flow was $42 million, down from $52.9 million, amid higher taxes and capital spending. Liquidity totaled $746 million, including $391 million in cash and an undrawn US$250 million credit facility. Wesdome declared a quarterly dividend of $0.0306 per share and expanded its share buyback up to 9.0 million shares. Updated technical reports outlined 1.4 million ounces of proven and probable reserves and 8‑year reserve-based mine plans at Eagle River and Kiena.
Wesdome Gold Mines (OTCQX: WDOFF) has filed independent NI 43-101 technical reports for its Eagle River mine in Ontario and Kiena mine in Québec. The reports support previously disclosed updated mineral reserve and resource estimates and establish eight-year reserve-based operating plans for both mines.
According to Wesdome, the reports provide independent validation of recent technical work, outline pathways to scale production and extend mine life, and define a substantial pipeline of near-mine and district-scale exploration opportunities across both land packages.
Wesdome Gold Mines (OTCQX: WDOFF) reported Q2 2026 production of 43,823 oz of gold, up 2% from Q2 2025, and YTD 2026 production of 89,126 oz, up 1% year-over-year. Eagle River produced 21,797 oz in Q2 (down 15%) on 72,439 tonnes milled (up 49%), with average grade declining to 9.7 g/t from 16.9 g/t. Kiena produced 22,026 oz (up 28%) on 62,515 tonnes milled (up 24%), with grade rising to 11.1 g/t.
According to Wesdome, the company remains on track to achieve its 2026 consolidated production guidance of 180,000–205,000 oz. Since launching its normal course issuer bid in late November, Wesdome has repurchased more than 4% of outstanding shares, and has announced an expansion of its share buyback program and the initiation of a quarterly cash dividend starting September 2026. Q2 2026 financial results will be released on August 13, 2026, followed by a conference call and webcast on August 14, 2026 at 10:00 a.m. ET.
Wesdome (OTCQX: WDOFF) declared a quarterly cash dividend of $0.0306 per share, payable September 29, 2026 to shareholders of record on September 15, 2026. The board adopted a policy targeting $0.0306 quarterly ($0.1224 annualized), launched a DRIP, and expanded its share buyback program.
The Toronto Stock Exchange approved increasing Wesdome’s normal course issuer bid to repurchase up to 9,013,300 shares, about 6% of the public float, including a new third tranche of up to 3,000,000 shares between July 2 and November 6, 2026.
Wesdome (OTCQX:WDOFF) updated mineral reserves and technical reports for Eagle River and Kiena, extending reserve-based mine life to 8 years at both mines through 2033.
The company guides to higher production to up to 230,000 oz by 2028, over $1B free cash flow in three years at US$4,000/oz gold, and announced a new quarterly dividend plus an expanded share buyback.
Wesdome (OTCQX: WDOFF) reported exploration drilling results from its Kiena and Eagle River mines. A new 150-metre vertical Norbenite Footwall corridor at Kiena Deep returned 6.9 g/t Au over 42.1 m, while multiple high-grade intercepts extended the A2 223 lens, BZ1, Eagle River’s 800 and 300 Zones, and expanded mineralization at Mishi and Cameron Lake Iron Formation, which remain open in several directions.