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The latest update is out from Wesdome Gold Mines ( (TSE:WDO) ).
Wesdome Gold Mines reported multiple new high-grade gold lenses at its Kiena mine, underscoring significant resource expansion potential in the Kiena Deep A, Footwall and B Zones. The latest underground drilling campaign has expanded existing lenses laterally and at depth, while identifying six new lenses, including three high-grade discoveries in Kiena Deep and three in the B Zone near current infrastructure.
Management said the new lenses, some with visible gold and very high-grade intercepts, validate geological models and enhance confidence in extending Kiena’s mine life. The company is also advancing drilling at nearby Presqu’île and Dubuisson, positioning these areas as potential future production sources and reinforcing Kiena’s role as a long-term growth engine for Wesdome and its stakeholders.
The most recent analyst rating on (TSE:WDO) stock is a Buy with a C$24.50 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 (high margins, strong cash generation, and very low leverage). The earnings call supports the outlook with strong results and confidence in guidance, partially offset by Kiena execution and cost risks. Technicals are neutral-to-mildly constructive, and valuation is supported by a low P/E.
To see Spark’s full report on WDO stock, click here.
More about Wesdome Gold Mines
Wesdome Gold Mines Ltd. is a Canadian gold producer focused on underground mining, with core operations at its wholly owned Kiena mine in Val-d’Or, Québec. The company targets high-grade deposits and leverages existing underground infrastructure to extend mine life and support future production growth within the competitive gold mining sector.
Average Trading Volume: 958,457
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$3.46B
For detailed information about WDO stock, go to TipRanks’ Stock Analysis page.