Wesdome Gold Mines Q3 net income doubles on higher gold prices

Wesdome Gold Mines (ontario)

04/11/2025 22:13

Overview

Wesdome Q3 net income more than doubled to C$86.9 mln, setting a quarterly record

Company's Q3 EBITDA increased by 77% to C$149.6 mln, a quarterly record

Wesdome announces share buyback for up to 2% of common shares

Outlook

Wesdome revises full-year 2025 gold production guidance to 177,000-193,000 ounces

Kiena's full-year production guidance adjusted to 72,000-78,000 ounces

Consolidated cash costs expected at C$1,275-$1,375 per ounce of gold sold

Result Drivers

EAGLE RIVER PERFORMANCE - Eagle River mine exceeded expectations with higher grades and improved dilution control, contributing to record production and revenue

GOLD PRICE IMPACT - Higher average realized gold price of US$3,523 per ounce supported revenue growth

KIENA CHALLENGES - Kiena mine faced operational challenges, leading to adjusted production and cost guidance

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
C$0.58
Q3 Net Income
C$86.90 mln
Q3 Operating Cash Flow
C$118.20 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$25.00, about 16.6% above its November 3 closing price of C$20.86

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

Press Release: ID:nGNX5GjrPV

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(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.)