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 but is expected to improve in Q4 2025 [1][3][4]. Q3 and YTD 2025 Operating Performance - Eagle River milled 71,575 tonnes in Q3 2025, a 23% increase from Q3 2024, and 180,208 tonnes year-to-date (YTD), an 11% increase from YTD 2024 [2] - Average grade at Eagle River improved to 15.3 grams per tonne in Q3 2025, up 17% from Q3 2024, and 15.9 grams per tonne YTD, an 18% increase [2] - Gold production at Eagle River reached 34,296 ounces in Q3 2025, a 45% increase from Q3 2024, and 88,907 ounces YTD, a 31% increase [2] - Kiena milled 50,147 tonnes in Q3 2025, a slight decrease of 2% from Q3 2024, and 149,136 tonnes YTD, down 3% [2] - Kiena's average grade dropped to 10.2 grams per tonne in Q3 2025, a 22% decrease from Q3 2024, and 10.6 grams per tonne YTD, a 5% decrease [2] - Total gold production for the company was 50,465 ounces in Q3 2025, a 12% increase from Q3 2024, and 138,938 ounces YTD, a 13% increase [2] Financial Position - The company reported $266 million in cash and total liquidity exceeding $600 million at the end of September 2025, enabling the advancement of organic growth initiatives and a return of capital to shareholders [5] - A notice of intention has been filed with the Toronto Stock Exchange for a normal course issuer bid for Wesdome shares [5] Environmental, Social, and Governance (ESG) Commitment - Wesdome published its sixth annual ESG report, highlighting its commitment to safe operations, partnerships with Indigenous and local communities, and reducing environmental impact [6][9] Upcoming Events - The company will release its financial results on November 4, 2025, and host a conference call and webcast on November 5, 2025, to discuss these results [1][8]

Core Viewpoint - Wesdome Gold Mines Ltd. has announced the initiation of a Normal Course Issuer Bid (NCIB) to repurchase up to 2% of its public float over the next 12 months, pending approval from the Toronto Stock Exchange (TSX) [1][3]. Group 1: NCIB Details - The NCIB will allow Wesdome to repurchase a maximum of 2% of its public float, which translates to approximately 3,013,315 shares, over a 12-month period [3]. - As of October 16, 2025, Wesdome had 150,969,214 issued and outstanding shares, with a daily maximum purchase limit of 182,093 shares based on the average daily trading volume [3]. - The purchases will be made at market price and any shares acquired will be cancelled upon purchase [4]. Group 2: Financial Position and Strategy - The introduction of the NCIB reflects Wesdome's strong balance sheet, characterized by no debt and a growing cash position, allowing for both high-return growth initiatives and capital returns to shareholders [2]. - The board believes that the NCIB is an appropriate use of available liquidity after funding strategic growth initiatives, aimed at enhancing per-share value [2]. Group 3: Operational Context - Wesdome is a Canadian-focused gold producer with two high-grade underground assets: the Eagle River mine in Ontario and the Kiena mine in Quebec [5]. - The company's primary goal is to leverage its operating platform and exploration pipeline to build a value-driven Canadian gold producer [5].

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].

TORONTO, Sept. 25, 2025 (GLOBE NEWSWIRE) -- Wesdome Gold Mines Ltd. (TSX: WDO, OTCQX: WDOFF) (“Wesdome” or the “Company”) announces today the appointment of Mr. Philip C. Yee as Chief Financial Officer (“CFO”) effective September 29, 2025. Mr. Raj Gill will remain as Interim CFO until Mr. Yee commences employment with the Company and thereafter resume his position as Senior Vice President, Corporate Development and Investor Relations. “We’re excited to welcome Phil to our executive leadership team,” said An ...

Core Viewpoint - Wesdome Gold Mines Ltd. is optimistic about the exploration results at its Eagle River mine, particularly in the 6 Central Zone, which has shown significant potential for resource expansion and high-grade mineralization [2][5][10]. Exploration Activities - The 6 Central Zone has been extended by 300 meters, now totaling over 600 meters down-plunge, with high-grade intercepts reminiscent of earlier drill results in the 300 Zone [2][9]. - Drilling at Falcon 311 is extending mineralization down-plunge and to the west, while early surface drilling at Falcon 720 has returned visible gold and anomalous intercepts [3][16]. - The 300 Zone's structural reinterpretation indicates the presence of discrete mineralized lenses, opening new exploration avenues with high-grade trends continuing down dip and laterally [3][12][13]. Drilling Results - Significant drill results include: - Hole 758-E-580: 115.9 g/t Au over 1.8 m core length - Hole 758-E-570: 49.1 g/t Au over 2.2 m core length - Hole 25-805-12: 47.0 g/t Au over 3.4 m core length [6][7][67]. - The drilling program has confirmed high-grade trends and resource expansion potential across multiple zones, including the 6 Central, 300, and Falcon zones [5][67]. Regional Exploration - Drilling across multiple targets continues to validate the exploration model, with high-grade surface drilling results indicating strong potential for extensions [4][21]. - A total of 176 exploration targets have been identified, with 40 earmarked for short-term exploration work [21][22]. Future Plans - The company plans to continue drilling into 2025 to follow up on promising developments and aims to convert as much material as possible before the year-end drilling cutoff date [5][19]. - A nine-month program has been launched to advance exploration, with four rigs currently drilling the first 40,000 meters [19][23]. Technical Reporting - A global model initiative is underway, targeting both underground and surface material near existing infrastructure, with the potential to upgrade resources to a higher-confidence category [18][19]. - An updated technical report is expected in mid-2026, incorporating results from ongoing drilling programs [19].

Core Insights - Wesdome Gold Mines Ltd. reported strong financial results for Q2 2025, with significant increases in revenue, net income, and cash flow, despite challenges in production at Kiena due to equipment constraints [1][6][50]. Financial Performance - Consolidated revenue for Q2 2025 was CAD 208.5 million, a 63% increase from CAD 127.8 million in Q2 2024 [8]. - Gross profit rose by 146% year-over-year to CAD 132.2 million, with a cash margin growing by 96% to CAD 149.4 million [6][8]. - Net income for Q2 2025 reached CAD 82.7 million, or CAD 0.55 per share, nearly tripling from CAD 29.1 million in Q2 2024 [6][8]. - EBITDA increased by 104% to CAD 138.4 million compared to Q2 2024 [6][8]. - As of June 30, 2025, liquidity stood at CAD 530 million, including CAD 187.6 million in cash [6][8]. Production Highlights - Consolidated gold production was 42,781 ounces, a 3% decrease compared to Q2 2024 [6][8]. - At Eagle River, gold production increased to 25,612 ounces, up from 19,272 ounces in Q2 2024, driven by a 44% increase in average grade [12][16]. - Kiena's production decreased by 31% to 17,169 ounces due to equipment constraints and lower average grades [33][38]. Cost Metrics - Cost of sales per ounce sold decreased by 1% to USD 932, while all-in sustaining costs (AISC) per ounce sold increased by 6% to USD 1,528 [6][8]. - Cash costs per ounce sold declined to USD 872 in Q2 2025 from USD 1,239 in Q2 2024 [18][40]. - AISC per ounce sold decreased by 24% to USD 1,394 compared to Q2 2024 [20][41]. Operational Developments - Eagle River's mill throughput was impacted by an 18-day maintenance shutdown, but overall throughput for H1 2025 increased by 4% compared to the same period in 2024 [14][15]. - Kiena is focusing on developing additional mining horizons to improve production flexibility and reliability [4][54]. Strategic Initiatives - The acquisition of Angus Gold has expanded Eagle River's land package and is expected to increase exploration spending by approximately CAD 5 million in 2025 [6][7]. - The company is investing in infrastructure and technical studies to enhance operational efficiency and support future growth [5][56]. 2025 Guidance Update - Eagle River's production guidance has been raised to 105,000 to 115,000 ounces, while Kiena's guidance has been updated to 80,000 to 90,000 ounces due to production challenges [52][54]. - AISC expectations for Kiena have been revised to USD 1,400 to USD 1,575, reflecting increased costs associated with maintenance and operational optimization [55].

Core Viewpoint - Wesdome Gold Mines Ltd. reported its production results for Q2 2025, indicating a solid performance with a focus on achieving full-year production guidance, particularly in the second half of the year [1][2]. Q2 and YTD 2025 Performance - Ore milled at Eagle River decreased by 7% to 48,623 tonnes compared to Q2 2024, while Kiena saw a 13% decrease to 50,299 tonnes [2]. - Average grade at Eagle River improved by 44% to 16.9 grams per tonne, while Kiena's average grade decreased by 20% to 10.7 grams per tonne [2]. - Gold production at Eagle River increased by 33% to 25,612 ounces, whereas Kiena's production decreased by 31% to 17,169 ounces, leading to a total gold production decline of 3% to 42,781 ounces [2]. - Production sold increased by 15% to 45,900 ounces compared to Q2 2024, with year-to-date production sold rising by 20% to 91,200 ounces [2]. Operational Highlights - At Eagle River, improved grades and productivity contributed to increased production, aided by reduced long-hole stope dilution and successful maintenance during a planned shutdown [3]. - Kiena's production was slightly ahead of Q1 2025 despite equipment availability constraints, with expectations for a stronger second half due to improved maintenance practices and leadership changes [4]. Strategic Developments - The company completed the acquisition of Angus Gold, expanding its operational footprint in Ontario, and increased its credit facility to US$300 million, including a US$50 million accordion feature [5].

Core Viewpoint - Wesdome Gold Mines Ltd. has successfully acquired all outstanding common shares of Angus Gold Inc., making Angus a wholly owned subsidiary of Wesdome, enhancing its growth potential through strategic land consolidation [1][2]. Group 1: Acquisition Details - The acquisition was executed through a plan of arrangement, effective June 27, 2025, where former Angus shareholders received $0.62 in cash plus 0.0096 of a Wesdome share for each Angus common share held [1]. - The acquisition is expected to enhance Wesdome's portfolio by adding the prospective Angus property adjacent to its Eagle River Mine, supporting long-term growth through greenfield opportunities [2]. Group 2: Company Overview - Wesdome is a Canadian-focused gold producer with two high-grade underground assets: Eagle River in Northern Ontario and Kiena in Val-d'Or, Québec [3]. - The company's primary goal is to leverage its operating platform and exploration pipeline to build a value-driven gold production business [3].

Core Viewpoint - Wesdome Gold Mines Ltd. is making significant progress in its exploration activities at the Kiena mine, with a focus on resource growth to meet increasing production levels [1][2]. Exploration Progress - The company has completed 21,000 meters of exploration drilling at Kiena in 2025, aided by new underground drill platforms established last year, which have improved drilling angles and access to previously unreachable targets [2][3]. - Drilling results from the Kiena Deep and Kiena Deep Footwall Zone have shown high-grade mineralization, confirming the geological models and supporting the conversion of inferred resources [3][9]. Resource Expansion Strategy - The fill-the-mill strategy is being advanced, with early results from the B Zone and Wish Area indicating potential for future ore sources adjacent to existing infrastructure [4][12]. - Additional drilling is planned for the second half of 2025 to upgrade inferred resources in the Kiena Deep and Footwall zones, with a new exploration drift being developed to enhance drilling capabilities [10][12]. High-Grade Intercepts - Notable high-grade intercepts include: - Hole N127-7035: 2,349.9 g/t Au uncapped over 2.9 m core length [7]. - Hole N127-6948: 482.8 g/t Au over 4.3 m core length, including 1,460.0 g/t Au over 1.0 m core length [7]. - Hole N033-6998: 25.4 g/t Au uncapped over 3.5 m core length [16]. Future Drilling Plans - The company plans to ramp up its summer barge drilling program targeting high-priority areas identified in previous exploration efforts, including the Duchesne and Northwest zones [5][10]. - Follow-up drilling is also planned for the Wish Zone, where new high-grade intervals have been identified [13][15]. Technical Developments - The establishment of new drilling platforms has significantly improved drilling angles towards Kiena Deep and the Footwall zones, enhancing the definition of mineralized lenses and increasing confidence in the geological model [9][12]. - The B Zone has been re-evaluated, revealing multiple stacked lenses of mineralization, which could contribute to the company's fill-the-mill strategy [11][12].

Core Viewpoint - Angus Gold Inc. has received shareholder approval for a statutory arrangement with Wesdome Gold Mines Ltd., with approximately 99.8% of votes in favor of the transaction [1]. Voting Results - Total common shares eligible to be voted: 60,331,050 - Common shares voted total: 43,241,013 (71.67%) - Total shares voted in favor of the arrangement resolution: 43,172,113 - Percentage of shares voted in favor of the arrangement resolution: 99.84% [2] - Excluding certain votes, total common shares eligible to be voted: 48,656,050 - Common shares voted total (excluding certain votes): 31,566,013 (64.88%) - Total shares voted in favor of the arrangement resolution (excluding certain votes): 31,497,113 - Percentage of shares voted in favor of the arrangement resolution (excluding certain votes): 99.78% [2] Anticipated Timeline for Completion - Angus will seek a final order from the Ontario Superior Court of Justice on June 25, 2025, to approve the plan of arrangement - The transaction is expected to close on or about June 27, 2025, pending final court approval and customary closing conditions [3]. Transaction Details - At closing, each Angus shareholder (excluding dissenting shareholders and Wesdome) will receive 0.0096 of a Wesdome common share and $0.62 in cash for each Angus common share held - Following the transaction, Angus will become a wholly-owned subsidiary of Wesdome [4]. Company Overview - Angus Gold is a Canadian mineral exploration company focused on acquiring, exploring, and developing gold properties - The flagship project is the Golden Sky Project near Wawa, Ontario, adjacent to Wesdome's Eagle River mine [6].