Wesdome Gold Mines (TSE:WDO)
TSX:WDO
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Earnings Data
Report Date
Aug 12, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.89Last Year’s EPS
0.52Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a strongly positive operational and financial momentum: record quarterly financials, a large cash position and liquidity, decisive share buybacks, clear operational productivity gains at Eagle River, and tangible stabilization and growth catalysts at Kiena. Exploration activity is materially ramping up with several promising discoveries and conversion targets. Notable near-term challenges include labor-driven cost pressures (higher wages and contractor reliance), elevated AISC (particularly at Kiena), increased near-term capital intensity, and technical drilling risks (e.g., Norbenite Fault). Overall, the positives — including record cash generation, debt-free balance sheet, robust buyback activity, measurable operational improvements, and an aggressive, data-driven exploration program — outweigh the lowlights, which appear manageable but do introduce short-term cost and timing risks.Company Guidance
Record Financial Performance
Q1 2026 record quarter: Revenue of $300M, net income of $119M ($0.79/share), EBITDA of $212M, operating cash flow of $162M and free cash flow of $126M ($0.84/share). Free cash flow represented 42% of revenue and EBITDA margin was ~70.7%.
Very Strong Balance Sheet and Liquidity
Closed Q1 with $431M cash and, including an undrawn revolving credit facility, total liquidity in excess of CAD 770M. Balance sheet remains debt-free and management completed repurchases during the period and executed a separate April NCIB tranche (3M shares for $68M) and announced a second tranche.
Operational Improvements at Eagle River
Eagle River delivered 28,000 oz in Q1 (~25% of full-year midpoint). Mill throughput averaged ~800 tpd in Q1 versus ~600 tpd in 2024 (+33%) and ~700 tpd in 2025 (+14%). Stope productivity increased >20% quarter-over-quarter, proactive maintenance schedule compliance ~80%, and site trajectory toward 1,000 tpd is clear.
Kiena Stabilization and Near-Term Upside
Kiena produced 17,500 oz in Q1 (lightest quarter expected), secured Presqu'ile operating permit and began processing development ore; ramp connection to Kiena Deep is imminent (providing second access); 3 active mining horizons in Kiena Deep (up from 1) and April production exceeded 7,000 oz, with full Presqu'ile production expected by year-end.
Aggressive, Data-Driven Exploration Program
2026 program drilling >270,000 meters (up from ~200,000m in 2025). Key results: 6 Central at Eagle River extended by 100m (700m total since discovery); 711 Zone confirmed continuity with multiple intercepts >10 g/t; six new lenses discovered at Kiena and three new lenses at B Zone (now modeled as four lenses). Planning 80–90k m of conversion drilling.
Safety and Operational Discipline
Zero lost time incidents in Q1 and total recordable incident frequency rate improved 13% year-over-year. Operating delays at Kiena are down ~70% versus prior year after rolling out the operating model.
TSE:WDO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TSE:WDO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 12, 2026 | C$30.02 | C$30.96 | +3.13% |
Mar 11, 2026 | C$23.97 | C$24.89 | +3.84% |
Nov 04, 2025 | C$19.91 | C$19.93 | +0.10% |
Aug 13, 2025 | C$17.94 | C$16.51 | -7.97% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Wesdome Gold Mines (TSE:WDO) report earnings?
Wesdome Gold Mines (TSE:WDO) is schdueled to report earning on Aug 12, 2026, After Close (Confirmed).
What is Wesdome Gold Mines (TSE:WDO) earnings time?
Wesdome Gold Mines (TSE:WDO) earnings time is at Aug 12, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What is TSE:WDO EPS forecast?
TSE:WDO EPS forecast for the fiscal quarter 2026 (Q2) is 0.89.