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Wesdome Gold Mines ( (TSE:WDO) ) has provided an announcement.
Wesdome reported solid first-quarter 2026 operating results, with total gold production of 45,303 ounces, essentially flat year-on-year, as higher ore throughput at both Eagle River and Kiena offset lower grades. Management reaffirmed its back-half weighted production plan, expecting 60% of Kiena’s annual output in the second half as additional mining areas ramp up and grades improve.
The company highlighted progress on its “fill-the-mill” strategy at Eagle River, where throughput rose about 20%, and operational stabilization at Kiena, supported by concurrent stoping in Kiena Deep and the scheduled first stope at the newly permitted Presqu’île area in late June. Wesdome also advanced shareholder returns and growth, repurchasing 2.1 million shares for $49 million while maintaining a strong balance sheet with roughly $430 million in cash, positioning it to fund organic growth and support its mid-tier producer ambitions.
The most recent analyst rating on (TSE:WDO) stock is a Hold with a C$31.00 price target. To see the full list of analyst forecasts on Wesdome Gold Mines stock, see the TSE:WDO Stock Forecast page.
Spark’s Take on WDO Stock
According to Spark, TipRanks’ AI Analyst, WDO is a Outperform.
The score is driven primarily by strong financial performance (sharp profitability and cash-flow rebound plus a very low-debt balance sheet). Technicals add support with a clear uptrend and positive momentum, though near-term indicators look extended. Valuation is favorable on earnings (low P/E), but lacks dividend yield support due to missing data.
To see Spark’s full report on WDO stock, click here.
More about Wesdome Gold Mines
Wesdome Gold Mines Ltd. is a Canadian-focused gold producer operating two high-grade underground mines, Eagle River in northern Ontario and Kiena in Val-d’Or, Québec. The company aims to responsibly grow into a value-driven mid-tier gold producer, leveraging its existing operations and a mix of brownfield and greenfield exploration projects in established mining jurisdictions.
Average Trading Volume: 979,948
Technical Sentiment Signal: Buy
Current Market Cap: C$4.27B
See more data about WDO stock on TipRanks’ Stock Analysis page.