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Wesdome Reports Record 2025 Financial Results and Strengthened Balance Sheet
Operational improvements and expanded exploration programs expected to unlock value in 2026 Toro...
About this update from Wesdome Gold Mines Ltd.
[{"type":"text","content":"Wesdome Reports Record 2025 Financial Results and Strengthened Balance SheetOperational improvements and expanded exploration programs expected to unlock value in 2026Toronto, Ontario--(Newsfile Corp. - March 11, 2026) - Wesdome Gold Mines Ltd. (TSX: WDO) (OTCQX: WDOFF) (\"Wesdome\" or the \"Company\") today announced its financial results for the three and twelve months ended December 31, 2025 (\"Q4 2025\" and \"FY 2025\"). Preliminary operating results for Q4 2025 were disclosed in the Company's press release dated January 20, 2026. Management will host a webcast tomorrow, March 12, 2026 at 10:00 a.m. ET to discuss its results. All amounts are expressed in Canadian dollars unless otherwise indicated.FY 2025 HighlightsImproving safety performance: Total Recordable Incident Frequency Rate, a key safety performance indicator, was 1.02 in Q4 2025 and 1.00 for 2025, marking a significant improvement from 3.23 in Q4 2024 and 2.68 for 2024.Production and costs: Consolidated gold production for the fourth quarter was 46,638 ounces, a 6% decrease compared to Q4 2024, while 2025 production was 185,576 ounces, 8% higher than 2024. Q4 2025 cash costs per ounce of gold sold1 increased by 30% and all-in sustaining costs (\"AISC\") per ounce of gold sold1 increased by 27%. FY 2025 cash costs per ounce of gold1 sold increased by 4% to US$976, while AISC per ounce of gold sold1 was US$1,518, 4% higher than 2024. Record revenues: Consolidated Q4 2025 revenue increased by 58% to $288 million compared to Q4 2024, and full-year revenue of $914 million increased by 64% compared to 2024. The average realized price of gold sold was US$4,169 per ounce in Q4 2025 and US$3,475 per ounce for 2025.Expanding margins: Gross profit increased by 93% year-over-year in Q4 2025 to $185 million and operating cash margin1 grew by 69% to $211 million. Full-year gross profit more than doubled year-over-year to $569 million and operating cash margin1 grew by 92% to $657 million.Record net income: Q4 2025 net income more than doubled to $117 million, or $0.78 earnings per share (basic), compared to Q4 2024. Full-year net income increased 2.5x to $349 million, or $2.32 earnings per share (basic), compared to 2024.Record EBITDA1: EBITDA1 was a record $195 million in Q4 2025, a 70% increase relative to Q4 2024 and was $602 million during 2025, a 96% increase relative to ...