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Wesdome Reports Third Quarter 2026 Financial Results

Wesdome Gold Mines reaffirmed its 2026 production and all-in sustaining cost (AISC) guidance and expects a strong fourth quarter, with both Eagle River and Kiena expected to finish within their guidance ranges but below the midpoint. In Q3 2026, consolidated gold production fell 18% to 41,287 ounces, while cash costs per ounce of gold sold rose 36% to US$1,287 and AISC per ounce sold rose 26% to US$1,789. Consolidated revenue rose 9% to C$251 million, gross profit rose 4% to C$155 million, and net income reached C$89.7 million, or C$0.62 per share. Q3 operating cash flow was C$102 million and free cash flow C$52 million, while liquidity at September 30, 2026 totaled C$735 million, including C$380 million in cash and US$250 million undrawn under its revolving credit facility. At Eagle River, production fell 28% to 24,758 ounces even as tonnes processed rose 12% to a quarterly record, while at Kiena, seasonal workforce planning gaps reduced equipment utilization and delayed the mining sequence.

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