Wesdome Announces Second Quarter 2025 Production Results; On Track to Achieve Full-Year Consolidated Production Guidance
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) ha comunicato i risultati di produzione del secondo trimestre 2025, mostrando performance contrastanti nelle sue operazioni. La produzione totale d'oro ha raggiunto 42.781 once nel Q2 2025, con una leggera diminuzione del 3% rispetto all'anno precedente, mentre la produzione da inizio anno è aumentata del 14% raggiungendo 88.473 once.
La miniera Eagle River ha registrato una solida performance con un aumento del 33% nella produzione trimestrale d'oro a 25.612 once, grazie a un miglioramento del 44% della qualità media del minerale. Al contrario, la produzione di Kiena è diminuita del 31% a 17.169 once a causa di problemi legati alla disponibilità delle attrezzature. L'azienda conferma di essere in linea con le previsioni annuali, con Eagle River che si sta orientando verso l'estremità alta e Kiena verso quella bassa.
Tra gli sviluppi strategici più rilevanti si segnalano il completamento dell'acquisizione di Angus Gold e l'aumento della linea di credito a 300 milioni di dollari USA, comprensiva di una clausola aggiuntiva da 50 milioni di dollari.
Wesdome Gold Mines (OTCQX: WDOFF) ha informado sus resultados de producción del segundo trimestre de 2025, mostrando un desempeño mixto en sus operaciones. La producción total de oro alcanzó 42,781 onzas en el Q2 2025, una ligera disminución del 3% interanual, mientras que la producción acumulada aumentó un 14% hasta 88,473 onzas.
La mina Eagle River mostró un sólido desempeño con un aumento del 33% en la producción trimestral de oro a 25,612 onzas, impulsado por una mejora del 44% en la ley promedio. Por el contrario, la producción de Kiena disminuyó un 31% a 17,169 onzas debido a problemas con la disponibilidad del equipo. La compañía sigue en camino de cumplir con su guía anual, con Eagle River apuntando al extremo alto y Kiena al bajo.
Entre los desarrollos estratégicos más destacados se encuentra la finalización de la adquisición de Angus Gold y una ampliación de la línea de crédito a 300 millones de dólares estadounidenses con una opción adicional de 50 millones de dólares.
Wesdome Gold Mines (OTCQX: WDOFF)는 2025년 2분기 생산 실적을 발표하며 사업장별로 엇갈린 성과를 보였습니다. 총 금 생산량은 2025년 2분기에 42,781 온스로 전년 동기 대비 3% 소폭 감소했으나, 연초부터 누적 생산량은 14% 증가한 88,473 온스를 기록했습니다.
이글 리버 광산은 평균 등급이 44% 향상되면서 분기별 금 생산량이 33% 증가한 25,612 온스를 기록하며 강한 실적을 보였습니다. 반면 키에나 광산은 장비 가용성 문제로 인해 생산량이 31% 감소한 17,169 온스를 기록했습니다. 회사는 연간 가이던스 달성에 여전히 순항 중이며, 이글 리버는 상위권, 키에나는 하위권에 위치해 있습니다.
주요 전략적 발전 사항으로는 Angus Gold 인수 완료와 추가 5천만 달러 옵션이 포함된 3억 달러 규모의 신용 한도 확대가 있습니다.
Wesdome Gold Mines (OTCQX: WDOFF) a publié ses résultats de production pour le deuxième trimestre 2025, affichant des performances variables selon les sites. La production totale d'or a atteint 42 781 onces au T2 2025, soit une légère baisse de 3 % en glissement annuel, tandis que la production cumulée depuis le début de l'année a augmenté de 14 % pour atteindre 88 473 onces.
La mine Eagle River a enregistré une solide performance avec une augmentation de 33 % de la production trimestrielle d'or à 25 612 onces, portée par une amélioration de 44 % de la teneur moyenne. En revanche, la production de Kiena a diminué de 31 % à 17 169 onces en raison de problèmes de disponibilité des équipements. La société reste en bonne voie pour atteindre ses objectifs annuels, avec Eagle River se situant dans la fourchette haute et Kiena dans la fourchette basse.
Parmi les développements stratégiques notables figurent la finalisation de l'acquisition d'Angus Gold et l'augmentation de la facilité de crédit à 300 millions de dollars US, avec une option supplémentaire de 50 millions de dollars.
Wesdome Gold Mines (OTCQX: WDOFF) hat seine Produktionszahlen für das zweite Quartal 2025 veröffentlicht und zeigt dabei eine gemischte Performance in den Betrieben. Die gesamte Goldproduktion erreichte im Q2 2025 42.781 Unzen, was einem leichten Rückgang von 3 % im Jahresvergleich entspricht, während die Produktion seit Jahresbeginn um 14 % auf 88.473 Unzen gestiegen ist.
Die Eagle River Mine verzeichnete eine starke Leistung mit einem Anstieg der quartalsweisen Goldproduktion um 33 % auf 25.612 Unzen, angetrieben durch eine 44 % höhere durchschnittliche Erzqualität. Im Gegensatz dazu sank die Produktion in Kiena aufgrund von Ausrüstungsverfügbarkeitsproblemen um 31 % auf 17.169 Unzen. Das Unternehmen liegt weiterhin auf Kurs, seine Jahresziele zu erreichen, wobei Eagle River am oberen Ende und Kiena am unteren Ende der Prognosen liegt.
Zu den bemerkenswerten strategischen Entwicklungen zählen der Abschluss der Übernahme von Angus Gold sowie eine Aufstockung der Kreditfazilität auf 300 Millionen US-Dollar mit einer zusätzlichen Option über 50 Millionen US-Dollar.
- Eagle River gold production increased 33% YoY to 25,612 ounces in Q2
- Average grade at Eagle River improved significantly by 44% to 16.9 g/t
- YTD total gold production up 14% to 88,473 ounces
- Gold sales volume increased 15% YoY to 45,900 ounces in Q2
- Credit facility upsized to US$300 million with US$50 million accordion feature
- Strategic expansion through Angus Gold acquisition
- Kiena production declined 31% YoY to 17,169 ounces in Q2
- Equipment availability issues at Kiena affecting access to planned stopes
- Total Q2 gold production decreased 3% YoY to 42,781 ounces
- Ore milled decreased at both mines: Eagle River (-7%) and Kiena (-13%)
TORONTO, July 14, 2025 (GLOBE NEWSWIRE) -- Wesdome Gold Mines Ltd. (TSX: WDO, OTCQX: WDOFF) (“Wesdome” or the “Company”) today announces its production results for the three and six months ended June 30, 2025 (“Q2 2025” and “YTD 2025”). The Company is also providing notice that it will release its Q2 2025 financial results after markets close on Wednesday, August 13, 2025 and host a conference call and webcast the following morning.
Q2 and YTD 2025 Performance
| Q2 2025 | Q2 2024 | % Change | YTD 2025 | YTD 2024 | % Change | |||
| Ore milled (tonnes) | ||||||||
| Eagle River | 48,623 | 52,552 | ( | 108,633 | 104,184 | |||
| Kiena | 50,299 | 57,669 | ( | 98,989 | 103,013 | ( | ||
| Average grade (grams per tonne) | ||||||||
| Eagle River | 16.9 | 11.8 | 16.2 | 13.6 | ||||
| Kiena | 10.7 | 13.5 | ( | 10.8 | 10.1 | |||
| Gold production (ounces) | ||||||||
| Eagle River | 25,612 | 19,272 | 54,611 | 44,171 | ||||
| Kiena | 17,169 | 24,763 | ( | 33,862 | 33,186 | |||
| Total gold production | 42,781 | 44,035 | ( | 88,473 | 77,357 | |||
| Production sold (ounces) | 45,900 | 40,000 | 91,200 | 75,700 | ||||
Anthea Bath, President and CEO of Wesdome, commented, “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.
“At Eagle River, stronger grades and improved productivity drove a meaningful increase in production, helped by reduced long-hole stope dilution. A planned two-week shutdown in May was completed safely, and maintenance carried out during this time is now enhancing mill performance.
“At Kiena, production was slightly ahead of the first quarter despite continued equipment availability constraints that limited access to planned stopes. Improved mobile fleet availability through enhancements to maintenance practices, and recent changes to site leadership point to a stronger second half. With one mining front currently in production, improving discipline in the planned mining sequence and priority development will be essential to support long-term performance. The addition of two new horizons, levels 136 and Presqu’île, are expected to provide increased flexibility over the coming year.
“It was also a strategically important quarter for Wesdome. We closed the acquisition of Angus Gold, expanding our footprint in Ontario, and strengthened our balance sheet by upsizing our credit facility to US
Conference Call and Webcast
Management will host a conference call and webcast to discuss the Company’s Q2 2025 financial and operating results. A question-and-answer session will follow management’s prepared remarks. Details of the webcast are as follows:
| Date and time: | Thursday, August 14, 2025 at 10:00 a.m. ET | |
| Dial-in numbers: | To access the call by telephone, dial 1.646.968.2525 or 1.888.596.4144 (toll-free). The event passcode is: 8215935. Please allow up to 10 minutes to be connected. | |
| Webcast link: | https://events.q4inc.com/attendee/778369754 Pre-registration is required for this event. It is recommended you join 10 minutes prior to the start of the event. The webcast can also be accessed from the home page of the Company’s website at www.wesdome.com. | |
The financial statements and management’s discussion and analysis will be available on the Company’s website at www.wesdome.com and on SEDAR+ www.sedarplus.ca the evening of Wednesday, August 13, 2025.
About Wesdome
Wesdome is a Canadian-focused gold producer with two high-grade underground assets, the Eagle River mine in Ontario and the Kiena mine in Québec. The Company’s primary goal is to responsibly leverage its operating platform and high-quality brownfield and greenfield exploration pipeline to build a growing value-driven gold producer.
For further information, please contact:
| Raj Gill Interim Chief Financial Officer Phone: +1.416.360.3743 E-Mail: invest@wesdome.com | Trish Moran VP, Investor Relations Phone: +1.416.564.4290 E-mail: trish.moran@wesdome.com | |
Technical Disclosure
The technical and geoscientific content of this press release have been reviewed, and approved by Guy Belleau, P.Eng, Chief Operating Officer of the Company, a "Qualified Person" as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
Forward-Looking Statements
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation, which is based on expectations, estimates, projections, and interpretations as of the date of this release. Forward-looking information includes, without limitation, statements regarding: the timing of the Company’s financial Q2 2025 financial results and related conference call and webcast; the Company achieving its full-year consolidated 2025 production guidance; 2025 production trends for each of the Company’s mines in respect of their respective guidance ranges; the 2025 annual production weighting toward the second half of 2025; Q4 2025’s expected share or contribution to the 2025 annual production; the expected stronger second half for Kiena’s production, along with the drivers of such expected increase; and the expected increase in flexibility at Kiena due to the addition of two new horizons.
These forward-looking statements involve various risks and uncertainties and are based on certain factors and assumptions. Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. These risks, uncertainties and other factors including those risk factors discussed in the sections titled “Cautionary Note Regarding Forward Looking Information” and “Risks and Uncertainties” in the Company’s most recent Annual Information Form. Readers are urged to carefully review the detailed risk discussion in our most recent Annual Information Form which is available on SEDAR+ and on the Company’s website.
There can be no assurance that forward-looking statements or information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances, management’s estimates or opinions should change, except as required by securities legislation. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.
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FAQ
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