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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: 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 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 nine months ended 30 September 2019, Wesdome Gold Mines Ltd revenues increased 39% to C$120.8M. Net income increased from C$12.2M to C$28.9M. 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$1.1M (expense) to C$0K, Write-off of mining equipment decrease from C$290K (expense) to C$0K.
Employees: 269 as of Dec 31, 2018
Reporting Currency: Canadian Dollars
Enterprise value: $1,137M as of Sep 30, 2019
Annual revenue (TTM): $150.21M as of Sep 30, 2019
EBITDA (TTM): $67.76M as of Sep 30, 2019
Net annual income (TTM): $31.51M as of Sep 30, 2019
Free cash flow (TTM): $11.31M as of Sep 30, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 137,219,996 as of Oct 21, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization