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Wesdome Gold Mines Ltd. (T:WDO)

Business Focus: Gold Mining

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Sector:  Basic Materials Industry:  Gold
 
See Regulatory Filings on SEDAR
Company Contact
Address: 8 King St E Suite 1305
TORONTO ON M5C 1B5
Tel: N/A
Website: www.wesdome.com
IR: See website
Key People
Duncan K. Middlemiss
President, Chief Executive Officer
Hemdat Sawh
Chief Financial Officer
Philip Ng
Chief Operating Officer
Lindsay Carpenter Dunlop
Vice President - Investor Relations
Benoit Laplante
Vice President - Corporate Development
George Nelson Mannard
Vice President - Exploration
Marc-Andre Pelletier
Vice President - Operations for Quebec
Heather Anne Laxton
Corporate Secretary
 
Business Overview
Wesdome Gold Mines Ltd. is engaged in gold mining operations. The Company is producing gold at the Eagle River Complex and open pit Mishi gold mines. Its Eagle River Complex is located in Central Ontario, which includes the Eagle River Mine, the Mishi Mine and shared infrastructure, including the mineral processing plant. It also owns exploration assets and infrastructure in Val d'Or, Quebec (the Quebec Wesdome Properties) and the Moss Lake Property located near Thunder Bay, Ontario. Its mineral properties include over 11,010 hectares of staked claims, patented claims and mining leases. The Mishi property is located approximately 10 kilometers to the north in the Mishibishu Lake area. The Eagle River Mine is located approximately 50 kilometers due west of Wawa, Ontario, and over 60 kilometers southeast of Hemlo. It holds interest in Moss Lake property, which is located in the Shebandowan Greenstone Belt, approximately 100 kilometers due west of Thunder Bay, Ontario.
Financial Overview
For the three months ended 31 March 2019, Wesdome Gold Mines Ltd revenues increased 24% to C$32.5M. Net income increased from C$2.9M to C$8.1M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income benefited from Kiena care and maintenance decrease from C$456K (expense) to C$0K, Write-down of mining equipment decrease from C$281K (expense) to C$0K.
Employees: 269 as of Dec 31, 2018
Reporting Currency: Canadian Dollars
Enterprise value: $779.59M as of Mar 31, 2019
Annual revenue (TTM): $122.36M as of Mar 31, 2019
EBITDA (TTM): $48.57M as of Mar 31, 2019
Net annual income (TTM): $20.09M as of Mar 31, 2019
Free cash flow (TTM): $3.41M as of Mar 31, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 136,501,799 as of Jun 11, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization