Wesdome Gold Mines Ltd. (T:WDO)
Business Focus: Gold Mining
| Sector: Basic Materials | Industry: Gold |
| Company Contact | |
| Address: | 220 Bay St, Suite 1200 TORONTO ON M5J 2W4 |
| Tel: | 1-416-3603743 |
| Website: | https://www.wesdome.com |
| IR: | See website |
| Key People | ||
| Anthea Ingrid Bath President, Chief Executive Officer | Scott Gilbert Chief Financial Officer | Frederic Mercier-langevin Chief Operating Officer |
| Stacy Kimmett Vice President - Human Resources | Lindsay Carpenter Dunlop Vice President of Investor Relations | Rajbir Gill Vice President - Corporate Development |
| Michael Michaud Vice President - Exploration | Joanna Miller Vice President - Sustainability and Environment | Heather Anne Laxton Chief Governance Officer, Corporate Secretary |
| Business Overview |
| Wesdome Gold Mines Ltd. is a Canada-based gold producer with two high grade underground assets, the Eagle River mine in Ontario and Kiena mine in Quebec. The Company has an exploration program both underground and on the surface within the mine area and more regionally at both the Eagle River and Kiena Complex. The Eagle River Underground Mine is located approximately 50 kilometers west of Wawa, Ontario. The Eagle River Underground Mine in Wawa, Ontario is producing gold at a rate of 92,000-105,000 ounces per year. The Kiena Mine is located in the prospective Val d'Or, Quebec gold camp. The Kiena Complex is a fully permitted former mine with a 930-metre shaft and 2,000 tons-per-day mill. The Company also retains exposure to the Moss Lake gold deposit, located approximately 100 kilometers west of Thunder Bay, Ontario through its equity position in Goldshore Resources Inc. |
| Financial Overview |
| For the nine months ended 30 September 2023, Wesdome Gold Mines Ltd revenues increased 21% to C$231M. Net loss decreased 23% to C$8.6M. Revenues reflect Eagle River complex segment increase of 26% to C$170.8M, Kiena complex segment increase of 9% to C$60.2M. Lower net loss reflects Impairment of investment in associate decrease of 69% to C$3.6M (expense), Exploration and evaluation decrease of 59% to C$5.2M (expense). |
| Employees: | 522 as of Dec 31, 2022 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $1,212M as of Sep 30, 2023 |
| Annual revenue (TTM): | $305.99M as of Sep 30, 2023 |
| EBITDA (TTM): | $86.38M as of Sep 30, 2023 |
| Net annual income (TTM): | -$12.13M as of Sep 30, 2023 |
| Free cash flow (TTM): | -$37.18M as of Sep 30, 2023 |
| Net Debt Last Fiscal Year: | $12.08M as of Sep 30, 2023 |
| Shares outstanding: | 148,951,747 as of Oct 6, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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