Canada's Wesdome Gold Mines Q4 revenue surges, net income doubles on higher prices

Wesdome Gold Mines (ontario)

11/03/2026 22:18

Overview

Canada gold miner's Q4 revenue rose 58% yr/yr, net income more than doubled

Q4 gold production fell 6% yr/yr, while costs per ounce increased

Company repurchased and cancelled 706,100 shares for about C$14 mln in Q4

Outlook

Wesdome expects 2026 gold production of 180,000-205,000 ounces, up 4% at midpoint

Company sees 2026 consolidated cash costs of US$1,050-US$1,150/oz and AISC of US$1,525-US$1,700/oz

Wesdome expects to generate about C$350 mln in free cash flow in 2026

Result Drivers

HIGHER GOLD PRICES - Co said record revenue and profit were driven by higher average realized gold prices in Q4 and FY 2025

OPERATIONAL IMPROVEMENTS - Eagle River's annual production rose on higher mill throughput and expanded mining zones, though Q4 output fell due to lower-grade ore processed

HIGHER COSTS - Cash costs and all-in sustaining costs per ounce rose due to increased royalties, sustaining capital expenditures, and greater contractor use

Company press release: ID:nNFC1CMyg9

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 EPS
C$0.78
Q4 Net Income
C$117 mln
Q4 EBITDA
C$195 mln
Q4 Free Cash Flow
C$97 mln
Q4 Operating Cash Flow
C$156 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the gold peer group is "buy"

Wall Street's median 12-month price target for Wesdome Gold Mines Ltd is C$30.00, about 25.2% above its March 11 closing price of C$23.97

The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 7 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)