Wesdome Announces Second Quarter 2026 Production Results; On Track to Achieve Full-Year Consolidated Production Guidance
Rhea-AI Summary
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.
Positive
- Total Q2 2026 production 43,823 oz, up 2% year-over-year
- Kiena Q2 2026 gold output 22,026 oz, up 28% year-over-year
- Ore milled growth Eagle River +49%, Kiena +24% versus Q2 2025
- Share repurchases more than 4% of outstanding shares since late November
- Capital returns expanded buyback program plus initiation of quarterly cash dividend in September 2026
- Full-year 2026 guidance reaffirmed 180,000–205,000 oz consolidated production
Negative
- Eagle River Q2 2026 production 21,797 oz, down 15% year-over-year
- Eagle River grade decline to 9.7 g/t, 42% lower than Q2 2025
- YTD Eagle River output 49,644 oz, down 9% versus YTD 2025
- Gold ounces sold 44,100 in Q2 2026, down 4% year-over-year
News Explained
Capital returns are partly executed, but the fuller financial picture remains pending until August 13, 2026.
Wesdome has announced its Q2 and first-half 2026 production results and says it remains on track for full-year guidance of 180,000 to 205,000 ounces.
For existing holders, the release reports that more than
Total gold production was 43,823 ounces in Q2 2026 versus 42,781 ounces in Q2 2025, while first-half production was 89,126 ounces versus 88,473 ounces; production sold was lower year over year in both periods.
The operating results were mixed by mine: Q2 Eagle River production fell to 21,797 ounces from 25,612, while Kiena production rose to 22,026 ounces from 17,169; the first Presqu'ile stope was expected to enter production later in the week, so that milestone had not yet occurred in this release.
The Q2 financial statements and management discussion are scheduled for release after market close on
News Market Reaction – WDOFF
In the Jul 14 session, WDOFF declined 4.09%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Toronto, Ontario--(Newsfile Corp. - July 13, 2026) - 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, 2026 ("Q2 2026" and "YTD 2026"). The Company is also providing notice that it will release its Q2 2026 financial results after markets close on Thursday, August 13, 2026, and host a conference call and webcast the following morning.
Q2 and YTD 2026 Operating Highlights
| Q2 2026 | Q2 2025 | % Change | YTD 2026 | YTD 2025 | % Change | |
| Ore milled (tonnes) | ||||||
| Eagle River | 72,439 | 48,623 | 144,170 | 108,633 | ||
| Kiena | 62,515 | 50,299 | 117,165 | 98,989 | ||
| Average grade (grams per tonne) | ||||||
| Eagle River | 9.7 | 16.9 | ( | 11.1 | 16.2 | ( |
| Kiena | 11.1 | 10.7 | 10.6 | 10.8 | ( | |
| Gold production (ounces) | ||||||
| Eagle River | 21,797 | 25,612 | ( | 49,644 | 54,611 | ( |
| Kiena | 22,026 | 17,169 | 39,483 | 33,862 | ||
| Total gold production | 43,823 | 42,781 | 89,126 | 88,473 | ||
| Production sold (ounces) | 44,100 | 45,900 | ( | 89,700 | 91,200 | ( |
Anthea Bath, President and CEO of Wesdome, commented, "Our second quarter results reflect the operational discipline and strategic execution that are central to Wesdome's approach to long-term value creation. With strong momentum across both Eagle River and Kiena, we remain well-positioned to deliver on our full-year production guidance of 180,000 to 205,000 ounces.
"Eagle River performed in line with our operational plan during the second quarter. As anticipated, Eagle River processed higher tonnage at lower grades during the quarter, largely reflecting planned stope sequencing. Grades are expected to improve in the second half of the year, and we remain confident in Eagle River's ability to achieve its full-year guidance.
"Kiena continues to build meaningful momentum, with quarter-over-quarter production increasing approximately
"Our capital allocation framework continues to generate tangible value for shareholders. Since launching our normal course issuer bid in late November, we have repurchased more than
Conference Call and Webcast
Management will host a conference call and webcast to discuss the Company's Q2 2026 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: | Friday, August 14, 2026 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/255950472 |
| 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 Thursday, August 13, 2026.
Technical Disclosure
The technical and geoscientific content of this press release have been reviewed, and approved by Peter Gula, P. Eng and General Manager of Eagle River Mine (wholly owned by Wesdome), a "Qualified Person" as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
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 mid-tier gold producer.
Contact Information
Raj Gill
SVP, Corporate Development & Investor Relations
Phone: +1.416.360.3743
Email: invest@wesdome.com
Trish Moran
VP, Investor Relations
Phone: +1.416.564.4290
Email: trish.moran@wesdome.com
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 Q2 2026 financial results and related conference call and webcast; the Company achieving its full-year consolidated 2026 production guidance; Eagle River achieving full-year guidance; the expectation that the first Presqu'île stope will enter production the week of July 13, 2026, expanding the number of active zones; and the expectation of a stronger production profile at Kiena in the second half of the year.
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/305013