Wesdome Gold Mines Ltd. · TSX:WDO
Wesdome Gold Mines — Q1 2024 Earnings Presentation
13 slides from Wesdome Gold Mines's earnings presentation, May 9, 2024
Slide 1: Q1 2024 Operating and Financial Results
WESDOME GOLD MINES Q1 2024 Operating and Financial Results May 9, 2024
Slide 2: Forward Looking Statements
Forward Looking Statements Caution Regarding Forward-Looking Information and Non-IFRS Performance Measures This presentation contains “forward-looking information” which involve a number of risks and uncertainties. Often, but not always, forward- There can be no assurance that forward-looking statem
Slide 3: Participants on today's call
Q1 2024 Operating and Financial Results Participants on today’s call Anthea Frédéric Mercier- Fernando Michael Raj Bath Langevin Ragone Michaud Gill President COO CFO SVP, Exploration SVP, Corporate & CEO & Resources Development & IR 2
Slide 4: Q1 2024 Highlights
Q1 2024 Highlights Solid start to the year 33,322 oz $2,204 $2,226 (US$1,634) (US$1,650) Gold Cost of Sales AISC1 Production Per Ounce Per Ounce $0.31 $19.5M $169.5M Operating Cash Flow Free Cash Available Liquidity Per Share1 Flow1 Including $48.3M Cash Increasing cash flow expected to allow paydow
Slide 5: Near Term Strategic Objectives
Near Term Strategic Objectives Committed to execution and maximizing value Optimize Assets | Fill the Mills De-Risk Plan and Control Costs Strengthen Balance Sheet • Strategic optimization of mine plans to define upper and • Increased bench strength of technical talent delivering • As at March 31, 2
Slide 6: Q1 2024 Operating Results: Eagle River
Q1 2024 Operating Results Eagle River, Ontario Q1 2024 Q1 2023 Ore milled (tonnes) Eagle River 51,632 48,133 Mishi - 6,150 Total ore milled 51,632 54,283 Head grade (grams per tonne, “g/t”) Eagle River 15.5 13.5 Mishi - 2.3 Total head grade 15.5 12.2 Recoveries (%) Eagle River 97.0 96.9 Mishi - 72.5
Slide 7: Q1 2024 Operating Results: Kiena
Q1 2024 Operating Results Kiena, Quebec Q1 2024 Q1 2023 Ore milled (tonnes) 45,344 42,324 Head grade (grams per tonne, “g/t”) 5.9 5.9 Recoveries (%) 98.2 97.9 Gold production (ounces) 8,423 7,877 Production sold (ounces) 8,340 6,000 1 Production costs per tonne milled ($/oz) 466 426 Costs per ounce
Slide 8: Q1 2024 Financial Results
Q1 2024 Financial Results Strengthening cash flow and balance sheet In 000s, except per units and per share amounts Q1 2024 Q1 2023 Financial results Revenue2 100,922 76,701 Cash margin1 46,624 34,408 Net income (loss) 10,708 (345) Adjusted net income1 10,708 3,257 EBITDA1 40,675 26,124 Operating ca
Slide 9: FY 2024 Guidance
FY 2024 Guidance 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 include an estimated $4 million in an estimated $5 million in capital Feed grade g/t 12.2 - 13.4 12.0 - 13.5 12.0 -
Slide 10: Eagle River Near Mine Extensions
Eagle River Near Mine Extensions Growing known mineralized zones near existing infrastructure Diorite Boundary Diorite Boundary Hole ERS-2023-005 7.7 g/t Au / 2.2m 200 Zone Falcon Zone Mined Workings 700 Zone Hole 758-E-412 500 Zone 93.5 g/t Au / 1.5m Hole ERS-2023-001 64.4 g/t Au / 0.4m OPEN 311 Zo
Slide 11: Kiena Deep A Extensions
Kiena Deep A Extensions Room to grow laterally and at depth 103L Early Returns at Kiena 107L 112L • Four main target areas at Kiena Deep 118L A: South Limb Selected Intercept ZA, ZA1, ZA2 Zones 120L B: Hanging Wall Zone BZA Zones C: Kiena Deep Down Plunge Footwall Zones 129L Drill Platforms D: Footw
Slide 12: The Wish Area
The Wish Area Our newest discovery appears highly prospective Initial High-Grade Results are Within 100 Metres of Existing Underground Structure • Located about one kilometre east of the Kiena mine from the existing 33 level development • The Wish area has intersected narrow, high- grade gold minera
Slide 13: For more information, please contact: invest@wesdome.com
For more information, please contact: invest@wesdome.com / TSX: WDO | OTCQX: WDOFF | www.wesdome.com