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Wesdome Announces Third Quarter 2025 Operating Results and Record Quarterly Production
Globenewswireยท2025-10-21 22:00

Core Viewpoint - Wesdome Gold Mines Ltd. reported strong operating results for Q3 2025, achieving record gold production driven by the Eagle River mine, while Kiena mine faced operational challenges [1][4][5]. Q3 and YTD 2025 Operating Performance - Ore milled at Eagle River increased by 23% year-over-year to 71,575 tonnes, while Kiena saw a slight decrease of 2% to 50,147 tonnes [3]. - Average grade at Eagle River improved by 17% to 15.3 grams per tonne, while Kiena's average grade decreased by 22% to 10.2 grams per tonne [3]. - Gold production at Eagle River rose by 45% to 34,296 ounces, while Kiena's production fell by 25% to 16,169 ounces, leading to a total gold production increase of 12% to 50,465 ounces [3][4]. - Production sold increased by 10% year-over-year to 47,400 ounces [3]. Financial Position - The company reported $266 million in cash and total liquidity exceeding $600 million at the end of September 2025, enabling it to pursue organic growth initiatives and return capital to shareholders [6]. - A notice of intention for a normal course issuer bid for Wesdome shares has been filed with the Toronto Stock Exchange [6]. Environmental, Social, and Governance (ESG) Commitment - Wesdome published its sixth annual ESG report, highlighting its commitment to safe operations and partnerships with Indigenous and local communities [7][8]. Upcoming Events - The company will release its financial results on November 4, 2025, followed by a conference call and webcast on November 5, 2025 [1][9].