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Wesdome Gold Mines Ltd. (T:WDO)

Business Focus: Gold Mining

Sector:  Basic Materials Industry:  Gold
 
See Regulatory Filings on SEDAR
Company Contact
Address: 8 King St E Suite 1305
TORONTO ON M5C 1B5
Tel: 1-416-3603743
Website: https://www.wesdome.com
IR: See website
Key People
Warwick P. Morley-Jepson
Independent Chairman of the Board
Duncan K. Middlemiss
President, Chief Executive Officer, Director
Ben Au
Chief Financial Officer
Marc-Andre Pelletier
Chief Operating Officer
Stacy Kimmett
Vice President - Human Resources
Lindsay Carpenter Dunlop
Vice President - Investor Relations
Scott Gilbert
Vice President - Financial Systems and Cost Control
Michael Michaud
Vice President - Exploration
Heather Anne Laxton
Chief Governance Officer, Corporate Secretary
Business Overview
Wesdome Gold Mines Ltd. is a gold producer engaged in mining and related activities including exploration, extraction, processing and reclamation. The Company's principal assets include the Eagle River Mine, the Mishi Mine and the Eagle River Mill located near Wawa, Ontario, together called the Eagle River Complex, the Moss Lake property in Thunder Bay, Ontario, and the Kiena Mining and Milling Complex (Kiena Complex) and exploration properties located in Val D'Or, Quebec. Eagle River Complex consist of two claim groups totaling over 11,000 hectares, the Eagle River Underground Mine, the Mishi Open Pit Mine and common mineral processing facilities located adjacent to the Mishi Open Pit and permitted at 1,200 tonnes per day. Its Val D'Or land position consists of a contiguous block of mining claims and concessions covering in excess of approximately 7,500 hectares.
Financial Overview
For the three months ended 31 March 2020, Wesdome Gold Mines Ltd revenues increased 76% to C$57.3M. Net income increased 42% to C$11.5M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income was partially offset by Quebec exploration credits refund decrease from C$2.9M (income) to C$0K, Insurance proceeds decrease from C$255K (income) to C$0K.
Employees: 301 as of Dec 31, 2019
Reporting Currency: Canadian Dollars
Enterprise value: $1,564M as of Mar 31, 2020
Annual revenue (TTM): $188.77M as of Mar 31, 2020
EBITDA (TTM): $95.14M as of Mar 31, 2020
Net annual income (TTM): $44.37M as of Mar 31, 2020
Free cash flow (TTM): $29.22M as of Mar 31, 2020
Net Debt Last Fiscal Year: N/A
Shares outstanding: 138,444,732 as of Apr 15, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization