Business
Wesdome Gold Mines Delivers on Full Year 2024 Consolidated Production Guidance; Provides Multi-Year Operational Outlook
Highlights Record annual gold production of 172,034 ounces, representing an increase of 39% from 2023 2025 consolidated gold production expected to be between 1
About this update from Wesdome Gold Mines Ltd.
[{"type":"text","content":" Highlights Record annual gold production of 172,034 ounces, representing an increase of 39% from 2023 2025 consolidated gold production expected to be between 190,000 and 210,000 ounces at an all-in sustaining cost of US$1,325 - $1,475 per ounce Capital investments in 2025 to lay foundation for the fill-the-mill strategy and long-term growth Anticipated consolidated 2026 production guidance of 195,000 to 220,000 ounces TORONTO, Jan. 14, 2025 (GLOBE NEWSWIRE) -- Wesdome Gold Mines Ltd. (TSX: WDO, OTCQX: WDOFF) (“Wesdome” or the “Company”) today announces its production results for the fourth quarter and full year ended December 31, 2024 and provides a multi-year operational outlook. The Company plans to release its fourth quarter and full year 2024 financial results after markets close on Wednesday, March 19, 2025 and host a conference call and webcast the following morning. All amounts are expressed in Canadian dollars unless otherwise indicated. Q4 2024 and Full Year 2024 Operating Results Q4 2024 Q4 2023 2024 2023 Ore milled (tonnes) Eagle River 60,358 54,669 222,526 228,777 Kiena 62,421 49,649 216,754 191,148 Total ore milled 122,779 104,318 439,280 419,925 Head grade (grams per tonne) Eagle River 14.3 14.1 13.7 12.4 Kiena 11.5 7.7 11.2 5.9 Gold production (oz) Eagle River 26,702 24,072 94,562 87,799 Kiena 22,865 12,144 77,472 35,537 Total production 49,567 36,216 172,034 123,336 Production sold (oz) 48,700 37,620 167,300 126,620 Anthea Bath, President and CEO of Wesdome, commented, “In 2024, for the second consecutive year, we met our initial production guidance while improving health and safety performance. This achievement underscores our commitment to operational excellence, consistent delivery and responsible mining practices. Record production further reflects a stronger operational foundation as well as the experience and commitment of our team. Through improved planning and disciplined execution, we expect to continue delivering sustainable growth and returns to our shareholders. “In 2025, our efforts will centre on delivering consistently, operating safely and responsibly and unlocking additional value from our high-grade assets in Ontario and Quebec. A full...