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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: 1-416-3603743
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