Wesdome Announces First Quarter 2025 Production; Provides Timing of First Quarter Financial Results and Webcast
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) ha riportato risultati di produzione solidi per il primo trimestre del 2025, con una produzione totale di oro che ha raggiunto 45.692 once, un aumento del 37% rispetto al primo trimestre del 2024. L'azienda ha venduto 45.300 once, con un incremento del 27% anno su anno.
La miniera Eagle River ha prodotto 28.999 once (+16% rispetto all'anno precedente) con un grado medio di 15,6 g/t, mentre la miniera Kiena ha quasi raddoppiato la sua produzione a 16.693 once con un grado medio migliorato di 10,8 g/t (+83% rispetto all'anno precedente). L'azienda rimane sulla buona strada per raggiungere le previsioni annuali, con Eagle River che si prevede produca tra 100.000 e 110.000 once nel 2025.
La direzione segnala che il quarto trimestre del 2025 dovrebbe rappresentare circa il 30% della produzione annuale, con i costi sostenibili complessivi previsti per la prima metà dell'anno che dovrebbero essere superiori del 15% rispetto alle previsioni annuali a causa della tempistica della produzione e delle spese in conto capitale.
Wesdome Gold Mines (WDOFF) reportó resultados de producción sólidos para el primer trimestre de 2025, con una producción total de oro que alcanzó 45,692 onzas, un aumento del 37% en comparación con el primer trimestre de 2024. La compañía vendió 45,300 onzas, un incremento del 27% interanual.
La mina Eagle River produjo 28,999 onzas (+16% interanual) con un grado promedio de 15.6 g/t, mientras que la mina Kiena casi duplicó su producción a 16,693 onzas con un grado promedio mejorado de 10.8 g/t (+83% interanual). La empresa sigue en camino de cumplir con las proyecciones anuales, con Eagle River prevista para producir entre 100,000 y 110,000 onzas en 2025.
La dirección señala que se proyecta que el cuarto trimestre de 2025 represente aproximadamente el 30% de la producción anual, con los costos sostenibles totales de la primera mitad del año que se espera sean un 15% superiores a las proyecciones anuales debido a la programación de la producción y los gastos de capital.
Wesdome Gold Mines (WDOFF)는 2025년 1분기 강력한 생산 결과를 보고했으며, 총 금 생산량은 45,692 온스에 달해 2024년 1분기 대비 37% 증가했습니다. 회사는 45,300 온스를 판매했으며, 이는 전년 대비 27% 증가한 수치입니다.
Eagle River 광산은 28,999 온스를 생산했으며 (+16% 전년 대비) 평균 품위는 15.6 g/t였고, Kiena 광산은 생산량을 거의 두 배로 늘려 16,693 온스를 생산했으며 평균 품위는 10.8 g/t로 개선되었습니다 (+83% 전년 대비). 회사는 Eagle River에서 2025년에 100,000-110,000 온스를 생산할 것으로 예상하고 있으며 연간 가이던스를 충족할 수 있는 경로에 있습니다.
경영진은 2025년 4분기가 연간 생산의 약 30%를 차지할 것으로 예상하며, 첫 번째 반기의 총 유지비용은 생산 시기와 자본 지출로 인해 연간 가이던스보다 15% 높을 것으로 예상하고 있습니다.
Wesdome Gold Mines (WDOFF) a rapporté de solides résultats de production pour le premier trimestre 2025, avec une production totale d'or atteignant 45,692 onces, soit une augmentation de 37 % par rapport au premier trimestre 2024. La société a vendu 45,300 onces, en hausse de 27 % d'une année sur l'autre.
La mine Eagle River a produit 28,999 onces (+16 % par rapport à l'année précédente) avec un grade moyen de 15,6 g/t, tandis que la mine Kiena a presque doublé sa production à 16,693 onces avec un grade moyen amélioré de 10,8 g/t (+83 % par rapport à l'année précédente). La société est sur la bonne voie pour atteindre ses prévisions annuelles, avec Eagle River prévue pour produire entre 100,000 et 110,000 onces en 2025.
La direction note que le quatrième trimestre 2025 devrait représenter environ 30 % de la production annuelle, les coûts de maintien totaux pour la première moitié de l'année devant être supérieurs de 15 % aux prévisions annuelles en raison du calendrier de production et des dépenses en capital.
Wesdome Gold Mines (WDOFF) berichtete über starke Produktionszahlen im ersten Quartal 2025, mit einer Gesamtproduktion von 45.692 Unzen, was einem Anstieg von 37% im Vergleich zum ersten Quartal 2024 entspricht. Das Unternehmen verkaufte 45.300 Unzen, was einem Anstieg von 27% im Jahresvergleich entspricht.
Die Mine Eagle River produzierte 28.999 Unzen (+16% im Jahresvergleich) mit einem Gehalt von 15,6 g/t, während die Mine Kiena ihre Produktion fast verdoppelte und 16.693 Unzen mit einem verbesserten Gehalt von 10,8 g/t (+83% im Jahresvergleich) produzierte. Das Unternehmen bleibt auf Kurs, um die Jahresprognose zu erfüllen, wobei von der Eagle River Mine für 2025 eine Produktion von 100.000 bis 110.000 Unzen erwartet wird.
Das Management weist darauf hin, dass das vierte Quartal 2025 voraussichtlich etwa 30% der Jahresproduktion ausmachen wird, wobei die Gesamtkosten für die erste Jahreshälfte voraussichtlich 15% über der Jahresprognose liegen werden, bedingt durch die zeitliche Planung der Produktion und der Investitionsausgaben.
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TORONTO, April 10, 2025 (GLOBE NEWSWIRE) -- Wesdome Gold Mines Ltd. (TSX: WDO, OTCQX: WDOFF) (“Wesdome” or the “Company”) today announces its production results for the first quarter ended March 31, 2025 (“Q1 2025”). The Company is also providing notice that it will release its Q1 2025 financial results after markets close on Tuesday, May 13, 2025 and host a conference call and webcast the following morning on May 14, 2025.
Q1 2025 Production Performance
| Q1 2025 | Q1 2024 | Change | |
| Ore milled (tonnes) | |||
| Eagle River | 60,010 | 51,632 | |
| Kiena | 48,690 | 45,344 | |
| Average head grade (g/t) | |||
| Eagle River | 15.6 | 15.5 | |
| Kiena | 10.8 | 5.9 | |
| Gold production (oz) | |||
| Eagle River | 28,999 | 24,899 | |
| Kiena | 16,693 | 8,423 | |
| Total gold production | 45,692 | 33,322 | |
| Production sold | 45,300 | 35,700 | |
Anthea Bath, President and CEO of Wesdome, commented, “We are pleased to report that total gold production for the first quarter exceeded our expectations, and we remain on track to meet our full-year production guidance. As previously outlined, we expect a second-half weighted production profile with the fourth quarter projected to account for approximately
“Eagle River had a strong start to the year driven by higher-than-anticipated average head grade from the 300 Zone. The operations team continues to execute well against the planned mining sequence, benefiting from positive grade reconciliation and the processing of ore stockpiled in late 2024. We continue to expect Eagle River to produce between 100,000 and 110,000 ounces of gold in 2025.
“Kiena’s production in the first quarter nearly doubled compared to the same period last year, reflecting the ongoing ramp-up of high-grade feed from the Kiena Deep Zone that commenced in April 2024. Underground mining activities in select areas of the South and North Limbs as well as Kiena Deep A2 Zone are transitioning from a primarily long-hole mining method to a hybrid approach, combining cut-and-fill and long-hole stoping. We are steadily ramping up this new approach, which is already delivering encouraging results early in the second quarter and helping to drive more predictable performance.
“With a strong first quarter, we are well-positioned to achieve our operational targets for the remainder of the year.”
Conference Call and Webcast
Management will host a conference call and webcast to discuss the Company’s Q1 2025 financial and operating results. A question-and-answer session will follow management’s prepared remarks. Details of the webcast are as follows:
| Date and time: | Wednesday, May 14, 2025 at 10:00 a.m. ET | |
| Dial-in numbers: | To access the call by telephone, dial 1.646.968.2525 or 1.888.596.4144 (toll-free). The event passcode is: 8215935. Please allow up to 10 minutes to be connected. | |
| Webcast link: | https://events.q4inc.com/attendee/291203613 | |
| Pre-registration is required for this event. It is recommended you join 10 minutes prior to the start of the event. The webcast can also be accessed from the home page of the Company’s website at www.wesdome.com. | ||
The financial statements and management’s discussion and analysis will be available on the Company’s website at www.wesdome.com and on SEDAR+ www.sedarplus.ca the evening of Tuesday, May 13, 2025.
About Wesdome Gold Mines Ltd.
Wesdome is a Canadian-focused gold producer with two high-grade underground assets, the Eagle River mine in Ontario and the Kiena mine in Québec. The Company’s primary goal is to responsibly leverage its operating platform and high-quality brownfield and greenfield exploration pipeline to build a growing value-driven gold producer.
For further information, please contact:
| Raj Gill SVP, Corporate Development & Investor Relations Phone: +1.416.360.3743 E-Mail: invest@wesdome.com | Trish Moran VP, Investor Relations Phone: +1.416.564.4290 E-mail: trish.moran@wesdome.com |
Technical Disclosure
The technical and geoscientific content of this press release have been reviewed, and approved by Guy Belleau, P.Eng, Chief Operating Officer of the Company, a "Qualified Person" as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
Forward-Looking Statements
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation, which is based on expectations, estimates, projections, and interpretations as of the date of this release. Forward-looking information includes, without limitation, statements regarding the Company’s production, specifically its production guidance and expected production profile, for the remainder of 2025; expected all-in sustaining costs per ounce in the first half of 2025; and the anticipated achievement of operational targets for the remainder of 2025.
These forward-looking statements involve various risks and uncertainties and are based on certain factors and assumptions. Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. These risks, uncertainties and other factors including those risk factors discussed in the sections titled “Cautionary Note Regarding Forward Looking Information” and “Risks and Uncertainties” in the Company’s most recent Annual Information Form. Readers are urged to carefully review the detailed risk discussion in our most recent Annual Information Form which is available on SEDAR+ and on the Company’s website.
There can be no assurance that forward-looking statements or information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances, management’s estimates or opinions should change, except as required by securities legislation. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.
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FAQ
What was Wesdome's (WDOFF) total gold production in Q1 2025?
How much gold is Eagle River mine expected to produce in 2025?
What was the head grade improvement at Kiena mine in Q1 2025?
How much of Wesdome's (WDOFF) 2025 production is expected in Q4?
What operational changes are being implemented at Kiena mine?
