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Wesdome Gold Mines Ltd. (T:WDO)

Business Focus: Gold Mining

Sector:  Basic Materials Industry:  Gold
Company Contact
Address: 220 Bay St, Suite 1200
Tel: 1-416-5644290
IR: See website
Key People
Anthea Ingrid Bath
President, Chief Executive Officer, Director
Frederic Mercier-langevin
Chief Operating Officer
Rajbir Gill
Senior Vice President - Corporate Development and Investor Relations
Lindsay Carpenter Dunlop
Vice President of Investor Relations
Michael Michaud
Vice President - Exploration and Resources
Joanna Miller
Vice President - Sustainability and Environment
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 three months ended 31 March 2024, Wesdome Gold Mines Ltd revenues increased 32% to C$100.9M. Net income totaled C$10.7M vs. loss of C$345K. Revenues reflect Eagle River complex segment increase of 27% to C$77.6M, Kiena complex segment increase of 50% to C$23.3M. Net Income reflects Fair value adjustment on share considera increase from C$2M (expense) to C$600K (income).
Employees: 546 as of Dec 31, 2023
Reporting Currency: Canadian Dollars
Enterprise value: $1,992M as of Mar 31, 2024
Annual revenue (TTM): $357.39M as of Mar 31, 2024
EBITDA (TTM): $117.86M as of Mar 31, 2024
Net annual income (TTM): $4.87M as of Mar 31, 2024
Free cash flow (TTM): $35.14M as of Mar 31, 2024
Net Debt Last Fiscal Year: N/A
Shares outstanding: 149,568,195 as of Jun 17, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization