Canada's Wesdome Gold Mines Q2 revenue misses estimates

Wesdome Gold Mines (ontario)

13/08/2025 22:13

Overview

Wesdome Q2 revenue of CAD 208.5 mln missed analyst expectations

Adjusted EPS for Q2 beat estimates, reflecting strong operational performance

Net income for Q2 rose nearly threefold to CAD 82.7 mln

Outlook

Company raises upper end of Eagle River production guidance for 2025

Company lowers cost expectations for Eagle River in 2025

Kiena production and unit cost targets updated for H2 2025

Company expects stronger results in H2 2025 across operations

Result Drivers

PRODUCTION DECREASE - Consolidated gold production fell by 3% to 42,781 ounces in Q2 2025 compared to Q2 2024, attributed to an 18-day planned mill maintenance shutdown, per CEO Anthea Bath

GOLD PRICE IMPACT - Average realized price of gold sold in Q2 2025 was US$3,279 per ounce, contributing to a 119% increase in gold revenue at Eagle River

COST INCREASE - All-in sustaining costs per ounce sold rose by 6% to US$1,528, driven by higher sustaining capital expenditures and cash costs, despite a decrease in cost of sales per ounce sold by 1% to US$932

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
C$208.50 mln
C$211 mln (1 Analyst)
Q2 Adjusted EPS
Beat
C$0.52
C$0.47 (3 Analysts)
Q2 EPS
C$0.55
Q2 Net Income
C$82.70 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 3 "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$24.00, about 25.1% above its August 12 closing price of C$17.97

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release: ID:nGNX5bG8cF

(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.)