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Wesdome Gold Mines (TSE:WDO)
TSX:WDO
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.35Last Year’s EPS
0.07Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 19, 2025
|% Change Since: 4.40%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong year for Wesdome Gold Mines with record-breaking financial and operational performance. However, there are challenges in resource grading at Eagle River and ore grade fluctuations at Kiena. Despite these issues, the company's strategic initiatives and financial health indicate a positive outlook.Company Guidance
During the call, Wesdome Gold Mines provided guidance for the fiscal year 2025, projecting consolidated production between 400,000 ounces of gold, a 16% increase compared to 2024. The company anticipates all-in sustaining costs to range from USD 1325 to USD 1475 per ounce. For capital expenditures, Wesdome has allocated CAD 160 million, with CAD 40 million earmarked for exploration and another CAD 40 million for growth capital related to the ramp at Kiena. This strategy supports their "fill the mill" approach and long-term growth. The anticipated production is weighted towards the second half of 2025, with the first quarter accounting for about 20% and the fourth quarter about 30% of total production. The company expects to generate significant free cash flow, potentially achieving a double-digit free cash flow yield at current gold prices.Record-Breaking Performance
Wesdome Gold Mines achieved record production, revenue, EBITDA, net income, free cash flow, and net cash balance in 2024. Production reached 172,000 ounces, a 39% increase compared to 2023.
Strong Financial Metrics
Fourth-quarter revenue increased by 79% year-over-year to $183 million, with net income of $57 million or $0.38 per share. Free cash flow increased nearly five times to $40 million, and the cash balance tripled to $123 million by year-end.
Safety and Operational Improvements
Significant reductions in instant frequency and severity rates, alongside improved safety culture initiatives. Eagle River exceeded revised guidance with an 8% increase in production over the prior year.
Exploration Success
Proven reserves increased by 34% at Eagle River and 462% at Kiena, with a 37% increase in resources in the measured category. The exploration budget increased, focusing on delineation and conversion drilling.
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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
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TSE:WDO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 19, 2025 | C$16.13 | C$15.80 | -2.05% |
| Nov 06, 2024 | C$11.87 | C$12.73 | +7.25% |
| Aug 14, 2024 | C$14.22 | C$13.51 | -4.99% |
| May 08, 2024 | C$10.06 | C$11.18 | +11.13% |
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.
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FAQ
When does Wesdome Gold Mines (TSE:WDO) report earnings?
Wesdome Gold Mines (TSE:WDO) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is Wesdome Gold Mines (TSE:WDO) earnings time?
Wesdome Gold Mines (TSE:WDO) earnings time is at May 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:WDO EPS forecast?
TSE:WDO EPS forecast for the fiscal quarter 2025 (Q1) is 0.35.
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