Business
Wesdome Reports Record Quarterly EPS and Free Cash Flow for Q1 2026; Reaffirms 2026 Guidance
Toronto, Ontario--(Newsfile Corp. - May 12, 2026) - Wesdome Gold Mines Ltd. (TSX: WDO) (OTCQX: WDOFF) ("Wesdome" or the "Company") today announced its financial results for the three months ended March 31, 2026 ("Q1 2026"). Preliminary operating results for Q1 2026 were disclosed in the Company's press release dated April 14, 2026. Management will host a webcast tomorrow morning, May 13, 2026 at 10:00 a.m. ET to discuss its results. All amounts are expressed in Canadian dollars unless otherwise.
About this update from Wesdome Gold Mines Ltd.
[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - May 12, 2026) - Wesdome Gold Mines Ltd. (TSX: WDO) (OTCQX: WDOFF) ("Wesdome" or the "Company") today announced its financial results for the three months ended March 31, 2026 ("Q1 2026"). Preliminary operating results for Q1 2026 were disclosed in the Company's press release dated April 14, 2026. Management will host a webcast tomorrow morning, May 13, 2026 at 10:00 a.m. ET to discuss its results. All amounts are expressed in Canadian dollars unless otherwise indicated.","length":544,"tagName":"p"},{"type":"text","content":"Q1 2026 Highlights","length":18,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Improving safety performance: Total Recordable Incident Frequency Rate, a key safety performance indicator, was 0.35 in Q1 2026, marking an improvement from 0.40 in Q1 2025.","length":173,"tagName":"p"}]},{"val":[{"type":"text","content":"Production and costs: Consolidated gold production for the first quarter was 45,303 ounces, a 1% decrease compared to Q1 2025. Q1 2026 cash costs per ounce of gold sold1 increased by 34% to US$1,236 and all-in sustaining costs ("AISC") per ounce of gold sold1 increased by 25% to US$1,707 compared to Q1 2025.","length":319,"tagName":"p"}]},{"val":[{"type":"text","content":"Strong revenue growth: Consolidated Q1 2026 revenue increased by 60% to $300 million compared to Q1 2025. The average realized price of gold sold was US$4,784 per ounce in Q1 2026.","length":180,"tagName":"p"}]},{"val":[{"type":"text","content":"Expanding margins: Gross profit increased by 88% year-over-year in Q1 2026 to $195 million and operating cash margin1 grew by 74% to $222 million.","length":146,"tagName":"p"}]},{"val":[{"type":"text","content":"Record net income: Q1 2026 net income increased by 90% to $119 million, or $0.79 earnings per share, compared to Q1 2025.","length":121,"tagName":"p"}]},{"val":[{"type":"text","content":"EBITDA1 growth: EBITDA1 was $212 million in Q1 2026, a 77% increase relative to Q1 2025.","length":88,"tagName":"p"}]},{"val":[{"type":"text","content":"Record free cash flow1: Q1 2026 net cash from operating activities doubled to $162 million, or $1.08 per share3, while free cash flow1 increased by 165% to $126 million, or $0.84 per share.","length":189,"tagName":"p"}]},{"val":[{"type":"text"...