Wesdome Gold Mines Ltd. · TSX:WDO
Wesdome Gold Mines — Q2 2024 Earnings Presentation
15 slides from Wesdome Gold Mines's earnings presentation, Aug 15, 2024
Slide 1: Q2 & H1 2024 Operating and Financial Results
Q2 & H1 2024 Operating and Financial Results August 15, 2024 TSX: WDO | OTCQX: WDOFF | www.wesdome.com
Slide 2: Forward Looking Statements
Forward Looking Statements Caution regarding forward-looking statements, non-IFRS performance measures, and other information This presentation contains “forward-looking information” which involve a number of risks and uncertainties. Often, but not Non-IFRS Performance Measures always, forward-looki
Slide 3: Participants on today's call
Q2 & H1 2024 Operating and Financial Results Participants on today’s call Anthea Fred Fernando Kevin Raj Niel Bath Mercier-Langevin Ragone Lonergan Gill de Bruin President COO CFO SVP SVP, Corporate Director, Geology & CEO Technical Services Development & IR 2
Slide 4: Q2 2024 Highlights
Q2 2024 Highlights Breakthrough quarter with record-setting results 44,035 oz $1,853 $1,977 (US$1,354) (US$1,445) Gold Cost of Sales AISC1 Production per Ounce per Ounce $57.1M $28.4M $200.7M Cash Flow from Free Cash Available Liquidity Operations Flow1 Including $50.7M Cash 1. For more information
Slide 5: Medium to Long-Term Strategic Growth Objectives
Medium to Long-Term Strategic Growth Objectives Setting in motion initiatives that drive value and maximize the potential of our assets Eagle River Mine Kiena Mine • Fill the mill • Fill the mill • Evaluate alternative mining methods to • Advance Presqu'île exploration ramp to develop two-mine struc
Slide 6: Q2 & H1 2024 Operating Results: Eagle River
Q2 & H1 2024 Operating Results Eagle River, Ontario Eagle River Operating Results Q2 2024 Q2 2023 H1 2024 H1 2023 Ore milled (tonnes) Eagle River 52,552 64,672 104,184 112,805 Mishi ̶ ̶ ̶ 6,150 Total ore milled 52,552 64,672 104,184 118,955 Head grade (grams per tonne, "g/t") Eagle River 11.8 11.4 1
Slide 7: Q2 & H1 2024 Operating Results: Kiena
Q2 & H1 2024 Operating Results Kiena, Quebec Kiena Operating Results Q2 2024 Q2 2023 H1 2024 H1 2023 Ore milled (tonnes) 57,669 51,824 103,013 94,148 Head grade (g/t) 13.5 5.0 10.1 5.4 Average mill recoveries (%) 99.0 97.7 98.8 97.8 Gold production (oz) 24,763 8,147 33,186 16,024 Gold sold (oz) 22,5
Slide 8: Eagle River: Falcon Zone
Eagle River: Falcon 311 Zone Exploration and delineation drilling confirming continuity of high grades and expanding this recently discovered zone -700m -700m DIORITE BOUNDARY OPEN 720F ZONE 857-E-47 9.4g/t Au/1.7m -800m -800m 857-E-32 2.5g/t Au/1.8m 857-E-30 711 ZONE 3.6g/t Au/1.5m Mineral Resource
Slide 9: Eagle River: Central Zone
Eagle River: 6 Central Zone Drilling has extended the high-grade zone 150 metres to the east, adjacent existing infrastructure -500m -500m -550m -550m 758-E-445 7.0g/t Au/1.5m 758-E-463 59.7g/t Au/2.6m -600m -600m 758-E-464 8.1g/t Au/2.6m 6 Mineral resource shapes 758-E-459 CENTRAL 6.0g/t Au/1.5m ZO
Slide 10: Eagle River: East Zone
Eagle River: 300 East Zone Infill and delineation drilling used to confirm mineralization within the resource shapes -1100m -1100m 1153-E-01 32.5g/t Au/6.6m 1201 DRILL PLATFORMS -1250m -1250m Mineral Resource Shapes 300 711 811 311 ZONE ZONE ZONE ZONE Drillhole intercepts 1201-E-46 -1400m -1400m 21.
Slide 11: Eagle River: Near Mine Extensions
Eagle River: Near Mine Extensions Growing known mineralized zones near existing infrastructure 9000E 9750E 10500E 11250E Diorite Boundary Diorite Boundary 200 Zone Falcon Zone Mined Workings 700 Zone 500 Zone -500m -500m 311 Zone 758-E-463 6 Central Zone 59.7g/t Au/2.6m 6 Zone Mined Workings 857-E-3
Slide 12: Kiena Deep: Footwall Zone and South Limb Area
Kiena Deep: Footwall Zone and South Limb Area High-grade nature with potential for lateral extensions Footwall Zone South Limb Area N127-6890 9.93g/t Au/4.5m N127-6912 19.61g/t Au/3.0m N103-6911W1 13.44g/t Au/3.0m N127-6890 8.18g/t Au/5.0m N103-6911W2 8.36g/t Au/5.5m N127-6912 N103-6864W6 13.61g/t A
Slide 13: Q2 & H1 2024 Consolidated Financial Highlights
Q2 & H1 2024 Consolidated Financial Highlights Strong performance, increased cash flow and debt-free balance sheet Q2 2024 Q2 2023 H1 2024 H1 2023 Financial results Revenue2 127,799 84,555 228,721 161,256 Cost of sales 74,110 84,048 152,789 145,466 Cash margin1 76,239 28,722 122,863 63,130 EBITDA1 6
Slide 14: FY 2024 Guidance
FY 2024 Guidance Remain on track to meet full-year 2024 guidance Eagle River Kiena Consolidated Guidance5 Production 1. Corporate and general does not 4. Capital investment guidance is net of Feed grade g/t 12.2 - 13.4 12.0 - 13.5 12.0 - 13.5 include an estimated $4 million in an estimated $5 millio
Slide 15: For more information, please contact
For more information, please contact: invest@wesdome.com TSX: WDO | OTCQX: WDOFF | www.wesdome.com