Wesdome Gold Mines posts transcript of Q2 2026 results conference call

Reuters2026/08/26 16:41

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Wesdome held its Q2 2026 results call with the CEO, CFO, COO, SVP Exploration & Resources, SVP Technical Services, IR VP.
Net income CAD 94 million; free cash flow CAD 42 million; cash CAD 391 million despite more than CAD 80 million of Q2 buybacks.
Quarterly dividend launched; first payment due end-September; annualized about CAD 0.12 per share.
Full-year guidance reaffirmed; Eagle River grade outlook cut to 11.5-12.5 g/t; depreciation and depletion cut to CAD 100 million.
Full-year consolidated capital could run up to 10% above CAD 205 million guidance, mainly timing of Kiena growth spending.
Eagle River throughput averaged nearly 800 tpd in Q2; targeting another 10% increase in H2; fill-the-mill targeted for 2027.
Kiena added Presqu’ile as a third mining horizon; first production stope blasted in July; commercial production expected in Q4.
Buybacks tied to trailing P/NAV; pace expected to slow with stronger share price; July activity linked to gold-price-driven weakness.

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 26, 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 Gold Mines posts transcript of Q2 2026 results conference call

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