Welcome to our dedicated page for Wesdome Gld Mine news (Ticker: WDOFF), a resource for investors and traders seeking the latest updates and insights on Wesdome Gld Mine stock.
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 (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 (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.
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 Gold Mines (OTCQX: WDOFF) has appointed Philip C. Yee as its new Chief Financial Officer, effective September 29, 2025. Yee, a Chartered Professional Accountant with extensive mining industry experience, joins from Eldorado Gold Corporation where he served as Executive VP and CFO from 2018 to 2024.
Yee brings significant expertise from previous CFO roles at major gold companies including Kirkland Lake Gold and Lake Shore Gold Corp. He will transition from his current position as Wesdome's audit committee chair, which he has held since October 2024. Raj Gill, who has been serving as Interim CFO, will return to his role as Senior VP of Corporate Development and Investor Relations.
Wesdome Gold Mines (OTCQX:WDOFF) has announced significant exploration results at its Eagle River mine near Wawa, Ontario. The company reported a major extension of the 6 Central Zone by 300 meters, featuring high-grade intercepts including 115.9 g/t gold over 1.6 meters.
Key developments include successful drilling at multiple zones: the 300 and 300 Fold Zones were reinterpreted as separate structures, the Falcon 311 Zone showed promising infill drilling results, and surface drilling at Falcon 720 returned visible gold. The company has completed 80,000 meters of conversion drilling since January and identified 176 exploration targets beyond current resources.
The exploration program encompasses both underground and surface targets, with a focus on the global model initiative and an upcoming technical report in 2026. The company is executing a comprehensive three-year exploration strategy across its 400 km² land package.
Wesdome Gold Mines (OTCQX:WDOFF) reported strong Q2 2025 financial results, with record quarterly net income of $82.7 million ($0.55 per share), nearly triple Q2 2024 levels. Gold production reached 42,781 ounces, with consolidated cost of sales at US$932 per ounce and AISC of US$1,528 per ounce.
The company achieved record quarterly EBITDA of $138.4 million and free cash flow of $52.9 million. Liquidity strengthened to $530.0 million, including $187.6 million in cash. The company successfully upsized its credit facility to US$250 million, extended to June 2028, with an accordion feature allowing up to US$300 million.
Eagle River operations showed strong performance with 25,612 ounces produced in Q2, a significant increase from 19,272 ounces in Q2 2024, driven by a 44% increase in average grade. The company has updated its full-year outlook, raising Eagle River's production guidance while lowering cost expectations.
Wesdome Gold Mines (OTCQX: WDOFF) has reported its Q2 2025 production results, showing mixed performance across its operations. Total gold production reached 42,781 ounces in Q2 2025, a slight decrease of 3% year-over-year, while YTD production increased by 14% to 88,473 ounces.
The Eagle River mine demonstrated strong performance with a 33% increase in quarterly gold production to 25,612 ounces, driven by a 44% improvement in average grade. Conversely, Kiena's production declined by 31% to 17,169 ounces due to equipment availability issues. The company remains on track to meet its full-year guidance, with Eagle River trending toward the high end and Kiena at the lower end.
Notable strategic developments include the completion of the Angus Gold acquisition and an upsized credit facility to US$300 million with an additional US$50 million accordion feature.
Wesdome Gold Mines (OTCQX: WDOFF) has successfully completed the acquisition of Angus Gold through a plan of arrangement, making Angus a wholly-owned subsidiary. Under the deal terms, former Angus shareholders received $0.62 in cash plus 0.0096 Wesdome shares for each Angus share held.
The strategic acquisition includes the Angus property adjacent to Wesdome's Eagle River Mine, representing a significant regional land package consolidation. The company aims to enhance its long-term growth potential through greenfield opportunities, with key Angus team members joining Wesdome to drive shareholder value.