TORONTO, ON / ACCESS Newswire / February 9, 2026 / White Gold Corp. (TSX.V:WGO) (OTCQX:WHGOF)(FRA:29W) (the "Company") is pleased to announce the appointment of Donovan Pollitt, P.Eng., CFA, as a Strategic Advisor and Consultant. Mr. Pollitt is a highly respected and seasoned mining executive with over 20 years of experience in mining operations, executive management and capital markets activities. Donovan currently serves as President of Pollitt Mining Inc., a management consultancy firm providing a range ...

Core Viewpoint - Wesdome Gold Mines Ltd. has received an updated Certificate of Authorization and a mine lease for the Presqu'île Zone at its Kiena Mine, which is expected to enhance production ahead of schedule [1][2]. Group 1: Production and Operations - Production from the Presqu'île Zone is anticipated to commence ahead of the original schedule, contributing significantly to Kiena's 2026 production guidance [2][5]. - The new zone is projected to deliver between 250 and 400 tonnes per day of additional ore to Kiena's mill once fully ramped up [2][5]. - The incremental ore from Presqu'île is a crucial element in achieving the company's fill-the-mill strategy [2][5]. 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 objective is to leverage its operating platform and exploration pipeline to establish itself as a value-driven mid-tier gold producer [3]. Group 3: Management Commentary - Anthea Bath, President and CEO, expressed satisfaction with the progress at the Presqu'île Zone and acknowledged the team's efforts in securing the mining lease [2]. - Kevin Weston, General Manager of Kiena, highlighted the dedication and teamwork that contributed to the successful preparation for upcoming mining activities [2].

Core Viewpoint - Wesdome Gold Mines Ltd. anticipates a consolidated gold production of 180,000 to 205,000 ounces in 2026, driven by its fill-the-mill strategy and upcoming mineral reserve updates [1][8] Group 1: 2025 Operating Results - In Q4 2025, total ore milled reached 147,270 tonnes, an increase from 122,779 tonnes in Q4 2024 [2] - Gold production for 2025 totaled 185,575 ounces, up from 172,034 ounces in 2024, with Q4 production at 46,638 ounces [2] - The company reported a nearly tripled cash position year-over-year, exceeding $350 million, enhancing financial flexibility for 2026 [2][3] Group 2: 2026 Guidance - Gold production guidance for Eagle River is set at 105,000 to 115,000 ounces, while Kiena is expected to produce 75,000 to 90,000 ounces, marking a 13% increase over 2025 [6][8] - Average processed grades are projected at 13.0 to 14.0 g/t for Eagle River and 8.0 to 9.5 g/t for Kiena [6][8] - Total capital investment for 2026 is estimated at $205 million, with $110 million for sustaining capital and $95 million for growth capital [10] Group 3: Exploration and Growth Initiatives - The company plans a $55 million exploration budget for 2026, focusing on step-out drilling to enhance resource growth [4][15] - Key exploration targets include Kiena Deep and the Presqu'île Zone, with the latter expected to contribute significantly to mill feed once permitted [16][19] - The exploration program aims to replace and grow reserves while testing near-mine growth opportunities [15][19] Group 4: Financial Outlook - Wesdome is positioned to generate significant free cash flow in 2026, supported by higher production and expanding margins [11] - A $100 per ounce change in gold prices is estimated to impact annual free cash flow by approximately $20 million [11] - The company has repurchased 706,100 shares for a total of $14.4 million since initiating its share buyback program [6][11] Group 5: Technical Reports and Updates - Updated technical reports are expected to be released in June 2026, summarizing production and operating costs, along with long-term potential insights [14] - The reports will include an updated Mineral Reserve and Resource Statement as of December 31, 2025 [14]

Core Viewpoint - Wesdome Gold Mines Ltd. has appointed Mr. Faheem Tejani to its Board of Directors, effective December 31, 2025, increasing the board to eight members, including seven independent directors [1][2]. Group 1: Appointment Details - Mr. Faheem Tejani will serve as an independent director and Chair of the Audit Committee [2]. - He has over 25 years of experience in finance and capital markets, with expertise in strategic financial planning, investment management, and capital allocation [2]. - Tejani has been President of Capital Asset Lending Inc. since 2018 and previously held significant roles at BMO Capital Markets from 2000 to 2018 [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 mid-tier gold producer [3].

Core Insights - Wesdome Gold Mines Ltd. has reported positive developments in its exploration activities at the Eagle River mine, indicating significant potential for gold deposits in the region [2][6][10] Exploration Updates - The company has identified a new interpretation at the Mishi and Magnacon zones, which opens up 10 kilometers of potential strike length for exploration along the Mishibishu Deformation Zone [2][11] - A comprehensive drilling program in 2025 has confirmed the expansion potential of the Mishi deposit, with initial results indicating near-surface mineralization extending nearly one kilometer to the west of the current pit boundary [8][9] - Drilling at the Dorset Zone has exceeded 14,000 meters in 2025, supporting the development of a new mineral resource estimate, with final resource numbers expected in 2026 [18] Drilling Results - Significant drilling results include hole MSH-2025-024, which intersected 8.3 g/t Au over 4.7 meters core length, indicating potential extensions to the mineralized system at depth [4][9] - The Falcon 720 Zone continues to show high-grade assays, with notable intersections such as 17.3 g/t Au over 1.5 meters core length [19] - The Cameron Lake Iron Formation drilling supports previous work and confirms the deposit remains open at depth and along strike, with intersections of 88.6 meters at 1.0 g/t Au [22] Future Exploration Plans - The company plans to expand its regional exploration program in 2026, focusing on high-priority targets such as the Eagle River Splay-North Diorite and Abbey Lake, which have shown promising geological features [23][24] - An IP ground geophysical survey is scheduled for early 2026 over the north diorite, which is expected to refine drill targets based on recent soil sampling results [23] - The Abbey Lake target, located within a largely untested structural corridor, will be a major focus for the company's 2026 exploration efforts, with historical samples returning values up to 32.0 g/t Au [24][32]

Core Insights - Wesdome Gold Mines Ltd. has made significant progress in its exploration activities at the Eagle River mine, particularly in the Mishi and Magnacon areas, revealing a new interpretation that opens up 10 kilometers of potential strike length along the Mishibishu Deformation Zone [2][3][12] Exploration and Drilling Results - The 2025 drilling program has confirmed the potential for depth extensions and strike length increases in the Mishi Zone, with notable intersections including 8.3 g/t Au over 4.7 meters and 6.4 g/t Au over 2.5 meters [5][10] - Drilling at the Dorset Zone has also shown that the deposit remains open at depth and along strike, with over 14,000 meters drilled in 2025 [4][18] - The Falcon 720 Zone continues to show high-grade assays, with significant intersections such as 10.0 g/t Au over 5.4 meters [19][54] Structural Mapping and New Targets - Detailed structural mapping has defined a newly interpreted basin margin thrust fault along the Mishi-Magnacon trend, indicating a compelling exploration opportunity within the metasedimentary package to the south of the known deposits [12][14][13] - The Feather River and Abbey Lake areas have emerged as high-priority long-term targets based on new structural interpretations and historical data [15][24] Future Plans - The company is on track to expand its regional exploration program in 2026, focusing on validating new interpretations and identifying similar structures across the land package [2][31] - A proof-of-concept drill program is planned for the Feather River target, which is aligned with the new geological model [15][23] - The Abbey Lake target will be a major focus of the 2026 structural mapping program, with initial drill testing scheduled for the fall [24][32]

Core Insights - Wesdome Gold Mines Ltd. has reported promising high-grade results from its Kiena Mine Complex in Val-d'Or, Québec, particularly from the Dubuisson North Zone, which returned two distinct thick, high-grade intercepts within the same drillhole [1][2] Dubuisson Zone - The Dubuisson North Zone has shown exceptional grade and thickness with significant intercepts, indicating strong potential for growth and resource upgrade [2][12] - A total of 10,500 meters of drilling was completed in 2025, primarily as an infill campaign, with a focus on near-deposit exploration targets [11] - Notable intercepts include 8.1 g/t Au over 9.3 meters and 10.7 g/t Au over another 9.3 meters, highlighting the opportunity to enhance resource estimates [12][14] Northwest Zone - The Northwest Zone drilling program completed approximately 7,300 meters, revealing a high-grade intercept of 203.0 g/t Au over 1.2 meters, suggesting the potential for a new lens of mineralization [4][15] - The mineralization remains open to the west and at depth, with plans for further exploration in 2026 to expand the known extent of the zone [16][17] 134 Zone - The 134 Zone, which has not been explored since 2010, returned a highlight intercept of 56.8 g/t Au over 1.8 meters, indicating significant potential for future resource growth [5][18] - The 2026 drilling campaign will focus on advancing understanding of this underexplored area [19] Wesdome Zone - The Wesdome Zone underwent its first drilling campaign since 2010, confirming the geological model and identifying new mineralized envelopes [20][21] - The zone is classified as inferred, with a resource of 1.3 million tonnes grading 4.9 g/t Au, indicating substantial growth potential if the resource base is expanded [21][22] Future Exploration Plans - The company plans to dedicate approximately 55,000 meters to drilling in 2026, focusing on advancing existing targets and testing new ones identified from a recent drone magnetic survey [2][14] - The Dubuisson Zone will be a key focus for systematic drilling in 2026, particularly at depth, to refine geological interpretations and assess the potential for resource growth [14][19]

Core Insights - Wesdome Gold Mines Ltd. reported strong financial results for Q3 2025, achieving multiple operating and financial records, including a 34% free cash flow margin, driven by favorable gold prices and operational improvements [3][4][48]. Financial Highlights - Revenues for Q3 2025 reached CAD 230.3 million, a 57% increase from CAD 146.9 million in Q3 2024 [8]. - Gross profit surged by 112% year-over-year to CAD 149.0 million, with operating cash margin growing by 78% to CAD 168.4 million [7][8]. - Net income more than doubled to CAD 86.9 million, or CAD 0.58 earnings per share, compared to CAD 39.0 million in Q3 2024 [8]. - Record free cash flow of CAD 79.0 million was reported, equating to CAD 0.52 per share [8]. - As of September 30, 2025, liquidity stood at CAD 615.0 million, significantly up from CAD 273.1 million at the end of 2024 [7][8]. Operational Performance - Consolidated gold production for Q3 2025 was 50,465 ounces, a 12% increase compared to Q3 2024, marking a quarterly record for the company [7][8]. - The average realized price of gold sold in Q3 2025 was USD 3,523 per ounce, contributing to expanded margins [7][8]. - Eagle River mine produced 34,296 ounces of gold in Q3 2025, a 45% increase from 23,688 ounces in Q3 2024, driven by a 17% increase in average grade [12][16]. - Kiena mine produced 16,169 ounces in Q3 2025, a 25% decrease from 21,421 ounces in Q3 2024, primarily due to a planned reduction in grade [32][36]. Cost Metrics - Cost of sales per ounce of gold sold increased by 6% to USD 947, while all-in sustaining costs (AISC) per ounce rose by 1% to USD 1,419 [7][8]. - AISC per ounce for Eagle River decreased by 29% to USD 1,203 in Q3 2025, while Kiena's AISC increased by 71% to USD 1,899 [19][39]. Production Guidance - The company expects to meet the mid to upper range of its revised consolidated production guidance of 177,000 to 193,000 ounces for the year [50][51]. - Kiena's full-year production guidance has been adjusted to between 72,000 and 78,000 ounces due to operational challenges [50][51]. Exploration and Development - Drilling continues to expand the 6 Central Zone, confirming mineralization continuity [20][21]. - The exploration ramp development at Kiena is forecasted for breakthrough in Q1 2026, with initial stope production expected shortly thereafter [41][42].

Core Insights - Wesdome Gold Mines Ltd. has announced the discovery of a new mineralized zone at the Dubuisson deposit, which is located east of the Kiena Deep deposit in the Kiena Mine Complex, Val-d'Or, Québec [1][2][3] Exploration Results - Drill hole DB-25-068 intersected 4.1 g/t Au over 25.8 metres (core length), indicating significant resource expansion potential [2][3] - The new zone is approximately 100 metres below and lateral to the Dubuisson North Zone, interpreted to be between the Dubuisson North and South zones, suggesting a compelling opportunity for depth expansion [2][3] - The intercept includes higher-grade intervals, such as 6.1 g/t Au over 6.1 metres, highlighting the potential for future bulk-tonnage mineralization at Kiena [3][4] Company Statements - Anthea Bath, President and CEO, emphasized the strong potential for expansion at the Dubuisson deposit, noting the intercept's grade, width, and proximity to existing infrastructure [3] - Jono Lawrence, Senior VP Exploration and Resources, mentioned that the 2025 drilling campaign has completed 41 holes totaling 11,361 metres, indicating the underexplored nature of the Dubuisson deposit [3][4] Technical Details - The Dubuisson deposit currently hosts a probable reserve of 36,400 ounces at 5.8 g/t Au, an indicated resource of 18,000 ounces at 4.6 g/t Au, and an inferred resource of 55,600 ounces at 5.4 g/t Au [4] - The mineralization style at Dubuisson is characterized by quartz-tourmaline veins within diorite intrusive units, distinct from the Kiena Deep deposit [5][6] Future Plans - A follow-up hole is planned before the end of the current barge drilling season, with a larger barge-based drilling program scheduled to commence in summer 2026 [3][4]

Core Insights - Wesdome Gold Mines Ltd. has announced the discovery of a new mineralized zone at the Dubuisson deposit, which is part of the Kiena Mine Complex in Val-d'Or, Québec, indicating significant resource expansion potential [1][2][3] Exploration and Drilling Results - Drill hole DB-25-068 intersected 4.1 g/t Au over 25.8 metres, with a notable inclusion of 6.1 g/t Au over 6.1 metres, highlighting the potential for bulk-tonnage mineralization at Kiena [2][3][20] - The new zone is located approximately 100 metres below and laterally to the Dubuisson North Zone, interpreted to be situated between the Dubuisson North and South zones, suggesting a promising opportunity for depth expansion [2][3] - The 2025 drilling campaign has completed 41 holes totaling 11,361 metres, significantly more than the 53 holes drilled in the previous three years, indicating the underexplored nature of the Dubuisson deposit [3][4] Geological Characteristics - The Dubuisson deposit features a stacked system of quartz-tourmaline veins within altered diorite intrusive units, differing from the Kiena Deep deposit, and is characterized by steeply dipping units trending east-west [5][6] - Structural observations suggest that the veins dip shallowly to the north, although true width estimates remain uncertain due to the limited number of drill holes completed [6][7] Resource Estimates - Current estimates for the Dubuisson deposit include a probable reserve of 36,400 ounces at 5.8 g/t Au, an indicated resource of 18,000 ounces at 4.6 g/t Au, and an inferred resource of 55,600 ounces at 5.4 g/t Au [4][8] Future Plans - The company plans to conduct at least one follow-up hole before the end of the current barge drilling season, with a larger barge-based drilling program scheduled to commence in summer 2026 [3][13]