Welcome to our dedicated page for Wesdome Gld Mine news (Ticker: WDOFF), a resource for investors and traders seeking the latest updates and insights on Wesdome Gld Mine stock.
Wesdome Gold Mines (WDOFF) operates high-grade mining projects across Canada's most productive gold regions, including Eagle River and Kiena complexes. This news hub provides investors with essential updates on operational developments, strategic initiatives, and financial performance.
Access comprehensive coverage of press releases, production results, and exploration updates. Track key metrics including quarterly production figures, resource expansion efforts, and technical advancements in geological modeling. Our curated news selection helps stakeholders monitor operational efficiency and reserve validation processes.
Expect detailed reporting on drill results analysis, mill throughput rates, and mineral reserve updates. The collection includes earnings announcements, leadership updates, and operational guidance - all critical for assessing the company's position in the competitive gold mining sector.
Bookmark this page for streamlined access to Wesdome's latest technical reports and market communications. Regular updates ensure you maintain current awareness of this intermediate gold producer's activities in Canada's evolving mining landscape.
Wesdome Gold Mines (OTCQX: WDOFF) has successfully completed the acquisition of Angus Gold through a plan of arrangement, making Angus a wholly-owned subsidiary. Under the deal terms, former Angus shareholders received $0.62 in cash plus 0.0096 Wesdome shares for each Angus share held.
The strategic acquisition includes the Angus property adjacent to Wesdome's Eagle River Mine, representing a significant regional land package consolidation. The company aims to enhance its long-term growth potential through greenfield opportunities, with key Angus team members joining Wesdome to drive shareholder value.
Wesdome Gold Mines (OTCQX:WDOFF) has reported exceptional results from its underground exploration activities at the Kiena mine in Val-d'Or, Québec. The company has completed 21,000 metres of exploration drilling in 2025, with drilling in Kiena Deep and the Kiena Deep Footwall Zone delivering remarkable high-grade results, including 2,349.9 g/t Au over 2.9 metres.
New underground drill platforms have significantly improved drilling access and angles, supporting resource growth alongside higher production levels. The drilling program has confirmed geological models and identified potential expansion opportunities in multiple areas, including the B Zone and Wish Area, which could provide future incremental ore sources near existing infrastructure.
The company plans to expand its exploration efforts with an upcoming summer barge drilling program targeting the Duchesne and Northwest zones, along with surface drilling at Presqu'île and underground drilling at Dubuisson.
Wesdome Gold Mines (WDOFF) held its 2025 annual general meeting with 63.99% of total shares represented. Shareholders approved all proposed matters, including the election of eight directors, appointment of Ernst & Young LLP as auditor, and an advisory vote on executive compensation. Notable director election results included Philip Yee with 99.91% approval, Anthea Bath with 99.82%, and Louise Grondin with 99.42%. The auditor appointment received 98.59% approval, while the executive compensation approach was endorsed with 96.88% support.
Wesdome Gold Mines (WDOFF) reported strong Q1 2025 production results, with total gold production reaching 45,692 ounces, a 37% increase from Q1 2024. The company sold 45,300 ounces, up 27% year-over-year.
Eagle River mine produced 28,999 ounces (+16% YoY) with a head grade of 15.6 g/t, while Kiena mine nearly doubled its production to 16,693 ounces with an improved head grade of 10.8 g/t (+83% YoY). The company remains on track to meet full-year guidance, with Eagle River expected to produce 100,000-110,000 ounces in 2025.
Management notes Q4 2025 is projected to account for approximately 30% of annual production, with first-half all-in sustaining costs expected to be 15% above full-year guidance due to timing of production and capital expenditures.
Wesdome Gold Mines (WDOFF) has announced a definitive agreement to acquire Angus Gold in a cash-and-stock transaction. Under the terms, Angus shareholders will receive $0.62 cash plus 0.0096 Wesdome shares per Angus share, valuing each Angus share at $0.77 - a 59% premium to Angus's 20-day volume-weighted average price.
The transaction, valued at approximately $40 million net of Angus's cash, will quadruple Wesdome's Eagle River land position to create a ~400 km² contiguous strategic land package. The acquisition consolidates district-scale exploration potential across three mineralized trends, including the Eagle River Splay and Cameron Lake banded iron formation, with recent notable gold intercepts.
Wesdome currently owns 10.4% of Angus's basic common shares and 14.9% on a partially diluted basis. The deal has received support from shareholders holding 47% of Angus shares and is expected to close in Q2 2025, subject to customary approvals.
Wesdome Gold Mines (WDOFF) reported strong Q4 and full-year 2024 financial results, marking significant operational milestones. The company achieved record annual gold production of 172,033 ounces (up 39% YoY), with Q4 production at 49,567 ounces (up 37% YoY).
Financial highlights include record annual revenue of $558.2M (68% increase), Q4 revenue of $182.6M, and net income of $135.7M ($0.91 per share). The company generated strong free cash flow of $118.6M and ended the year debt-free with $123.1M in cash.
Key operational achievements:
- Eagle River produced 94,561 ounces in 2024, exceeding guidance
- Kiena produced 77,472 ounces, a 118% increase over 2023
- Total proven and probable gold reserves increased 5% to 1.2M ounces
- Measured and indicated resources grew by 18%
Wesdome Gold Mines (TSX:WDO, OTCQX:WDOFF) announced that Edward C. Dowling, Jr. will stand for election to the company's board of directors in spring 2025, with plans to appoint him as Board Chair following his election.
Dowling brings over 30 years of mining industry experience and currently serves as President and CEO of Compass Minerals Company. His track record includes successful leadership roles at Alacer Gold Company (2008-2012), where he oversaw the Çöpler Gold Mine development, and Meridian Gold (2006-2007). He has held board positions at several mining companies including Teck Resources, Copper Mountain Mining, and SSR Mining.
With a background in mining and mineral processing engineering, Dowling holds degrees from The Pennsylvania State University and completed Harvard Business School's Advanced Management Program. His appointment aims to strengthen Wesdome's strategic direction and shareholder value through operational excellence and responsible growth.