Wesdome Gold Mines Ltd. (T:WDO)
Business Focus: Gold Mining
| Sector: Basic Materials | Industry: Gold |
| Company Contact | |
| Address: | 220 Bay St, Suite 1200 TORONTO ON M5J 2W4 |
| Tel: | 1-416-3603743 |
| Website: | https://www.wesdome.com |
| 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 fiscal year ended 31 December 2023, Wesdome Gold Mines Ltd revenues increased 25% to C$333.2M. Net loss decreased 58% to C$6.2M. Revenues reflect Eagle River complex segment increase of 29% to C$240.6M, Kiena complex segment increase of 18% to C$92.6M. Lower net loss reflects Impairment of investment in associate decrease of 69% to C$3.6M (expense), Exploration and evaluation decrease of 46% to C$7.7M (expense). |
| Employees: | 546 as of Dec 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $1,528M as of Dec 31, 2023 |
| Annual revenue (TTM): | $333.17M as of Dec 31, 2023 |
| EBITDA (TTM): | $105.97M as of Dec 31, 2023 |
| Net annual income (TTM): | -$6.19M as of Dec 31, 2023 |
| Free cash flow (TTM): | $0.32M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $1.09M as of Dec 31, 2023 |
| Shares outstanding: | 149,174,386 as of Mar 22, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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