Wesdome Gold Mines (TSX: WDO)
Announced its production results for the first quarter ended March 31, 2025.
The Company is also providing notice that it will release its Q1 2025 financial results after markets close on Tuesday, May 13, 2025.
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Wesdome Gold Mines – Eagle River underground mine – Courtesy of Wedsdome Gold Mines Ltd.
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| Wesdome Gold | TSX : WDO | |
| Stage | Production, Development | |
| Metals | Gold | |
| Market cap | C2.44 B @ C$16.69 | |
| Location | Ontario and Quebec, Canada | |
| Website | www.wesdome.com |
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Wesdome Announces First Quarter 2025 Production; Provides Timing of First Quarter Financial Results and Webcast
TORONTO, April 10, 2025 (GLOBE NEWSWIRE) — Wesdome Gold Mines Ltd. (TSX: WDO, OTCQX: WDOFF) (“Wesdome” or the “Company”) today announces its production results for the first quarter ended March 31, 2025 (“Q1 2025”).
The Company is also providing notice that it will release its Q1 2025 financial results after markets close on Tuesday, May 13, 2025 and host a conference call and webcast the following morning on May 14, 2025.
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Q1 2025 Production Performance
| Q1 2025 | Q1 2024 | Change | |
| Ore milled (tonnes) | |||
| Eagle River | 60,010 | 51,632 | 16% |
| Kiena | 48,690 | 45,344 | 7% |
| Average head grade (g/t) | |||
| Eagle River | 15.6 | 15.5 | 1% |
| Kiena | 10.8 | 5.9 | 83% |
| Gold production (oz) | |||
| Eagle River | 28,999 | 24,899 | 16% |
| Kiena | 16,693 | 8,423 | 98% |
| Total gold production | 45,692 | 33,322 | 37% |
| Production sold | 45,300 | 35,700 | 27% |
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Anthea Bath, President and CEO of Wesdome, commented,
“We are pleased to report that total gold production for the first quarter exceeded our expectations, and we remain on track to meet our full-year production guidance.
“As previously outlined, we expect a second-half weighted production profile with the fourth quarter projected to account for approximately 30%, and all-in sustaining costs per ounce in the first half of the year to be approximately 15% above full-year guidance, reflecting the timing of production and sustaining capital expenditures.
“Eagle River had a strong start to the year driven by higher-than-anticipated average head grade from the 300 Zone.
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“The operations team continues to execute well against the planned mining sequence, benefiting from positive grade reconciliation and the processing of ore stockpiled in late 2024.
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“We continue to expect Eagle River to produce between 100,000 and 110,000 ounces of gold in 2025.
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“Kiena’s production in the first quarter nearly doubled compared to the same period last year, reflecting the ongoing ramp-up of high-grade feed from the Kiena Deep Zone that commenced in April 2024.
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“Underground mining activities in select areas of the South and North Limbs as well as Kiena Deep A2 Zone are transitioning from a primarily long-hole mining method to a hybrid approach, combining cut-and-fill and long-hole stoping.
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“We are steadily ramping up this new approach, which is already delivering encouraging results early in the second quarter and helping to drive more predictable performance.
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“With a strong first quarter, we are well-positioned to achieve our operational targets for the remainder of the year.”
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Conference Call and Webcast
Management will host a conference call and webcast to discuss the Company’s Q1 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: | Wednesday, May 14, 2025 at 15:00 UK time | |
| 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. |
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| Webcast link: | https://events.q4inc.com/attendee/291203613 | |
| 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. |
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To read the full news release, please click HERE
To View Wesdome Gold Mine’s historical news, please click here
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Disclosure
At the time of writing the author holds no shares in Wesdome Gold Mines.
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