Overview
- Wesdome reported quarterly records with net income of $86.9 million, EBITDA of $149.6 million and free cash flow of $79.0 million.
- Consolidated gold production reached a company record of 50,465 ounces, led by Eagle River’s 34,296 ounces on higher grades and improved execution.
- Full-year 2025 guidance was updated to 177,000–193,000 ounces consolidated, with Kiena lowered to 72,000–78,000 ounces and Eagle River tracking the high end of its range.
- Quarter-end liquidity rose to $615.0 million, including $265.9 million in cash and a fully undrawn US$250.0 million revolving credit facility, and the TSX approved an NCIB for up to 3,013,315 shares.
- Kiena’s shortfall reflected contractor underperformance and hoist downtime, with management expecting a stronger Q4 from three mining horizons and targeting a Presqu’île permit in Q4 2025 and initial stope output in Q1 2026.