The earnings call presented a strong start to the fiscal year with record-breaking production and financial performance. Strategic efforts in safety, exploration, and financial management were emphasized. However, operational challenges, particularly equipment availability and transition issues, were noted as areas for improvement.

Company Guidance -

Q1 2025

During the first quarter of 2025, Wesdome Gold Mines reported strong financial and operational results, with key metrics showing significant improvements. The company produced nearly 46,000 ounces of gold, marking a 37% increase over the same period in 2024. Financially, revenue grew by 86% year-over-year to C$198 million, bolstered by a 38% rise in the average realized gold price per ounce. The company's net income soared to over C$62 million, or C$0.42 per share, and EBITDA almost tripled to C$120 million. Additionally, free cash flow increased to C$48 million, contributing to a robust liquidity position of C$318 million, which includes C$168 million in cash and a fully undrawn C$150 million revolver. The company emphasized strategic priorities, including a fill-the-mill strategy and the acquisition of Angus Gold, which aims to enhance its regional exploration pipeline and consolidate land positions around Eagle River. The company maintained its guidance for 2025, projecting a back-end loaded production year as new mining fronts and the Presqu’île ramp at Kiena advance.

Record Production and Financial Performance

The company achieved a strong gold production of nearly 46,000 ounces, a 37% increase over the same quarter in 2024. Revenue increased 86% year-over-year to C$198 million, driven by significantly higher production and a 38% increase in the average realized gold price per ounce sold. Net income increased almost five times over the prior year to over C$62 million.

Improvements in Health and Safety

The total recordable incident frequency rate reached its lowest level in more than four years, demonstrating successful efforts in building a safety culture.

Strategic Acquisition to Enhance Exploration

The acquisition of Angus Gold is expected to close by the end of June, quadrupling the prospective land positions around Eagle River to roughly 400 square kilometers.

Strong Financial Position

The company increased its liquidity to C$318 million, with C$168 million in cash and C$150 million of undrawn capacity on its revolver. The balance sheet is clean with zero debt.

Wesdome Gold Mines (TSE:WDO) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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TSE:WDO Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 06, 2025	2025 (Q2)	0.43 / -	0.19	―	―	―
May 13, 2025	2025 (Q1)	0.39 / 0.42	0.07	500.00% (+0.35)	―	―
Mar 19, 2025	2024 (Q4)	0.36 / 0.38	0.02	1800.00% (+0.36)	―	―
Nov 06, 2024	2024 (Q3)	0.23 / 0.26	-0.02	1400.00% (+0.28)	―	―
Aug 14, 2024	2024 (Q2)	0.16 / 0.19	-0.03	733.33% (+0.22)	―	―
May 08, 2024	2024 (Q1)	0.07 / 0.07	0.02	250.00% (+0.05)	―	―
Mar 12, 2024	2023 (Q4)	0.04 / 0.02	-0.02	200.00% (+0.04)	―	―
Nov 08, 2023	2023 (Q3)	-0.02 / -0.02	-0.03	33.33% (<+0.01)	―	―
Aug 10, 2023	2023 (Q2)	<0.01 / -0.03	-0.04	25.00% (+0.01)	―	―
May 10, 2023	2023 (Q1)	0.03 / 0.02	0.05	-60.00% (-0.03)	―	―

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 13, 2025	C$16.78	C$16.42	-2.15%
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%

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 06, 2025, After Close (Confirmed).

What is Wesdome Gold Mines (TSE:WDO) earnings time?

Wesdome Gold Mines (TSE:WDO) earnings time is at Aug 06, 2025, After Close (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 (Q2) is 0.43.

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