Wesdome Q2 2026 earnings rise as higher realized gold prices lift operating cash margin, company says

Reuters2026/08/13 23:42

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Wesdome posted Q2 2026 net income of CAD 94 million on revenue of CAD 266.8 million, driven mainly by higher realized gold prices.
Average realized gold price rose to CAD 6,040 per ounce from CAD 4,539, offsetting a 4% drop in ounces sold to 44,100.
Cost of sales climbed to CAD 1,867 per ounce sold from CAD 1,289; the company cited planned sequencing at Eagle River, one-time items, inflation.
EBITDA increased 23% to CAD 169.7 million; operating cash flow fell to CAD 87.5 million due to higher tax payments, working-capital paydowns.
Cash ended June 30 at CAD 390.9 million; 3,182,000 shares were bought back in the quarter for CAD 81.7 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Wesdome Gold Mines Ltd. published the original content used to generate this news brief on August 13, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Wesdome Q2 2026 earnings rise as higher realized gold prices lift operating cash margin, company says

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