Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Wesdome Gold Mines (TSE:WDO)
TSX:WDO
Holding TSE:WDO?
Track your performance easily
Earnings Data
Report Date
Mar 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.36Last Year’s EPS
0.02Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Nov 08, 2018
|% Change Since: 11.37%
|Next Earnings Date:Aug 01, 2018
Earnings Call Sentiment|Positive
The call highlighted strong production and financial performance with record gold production and a significant increase in revenue. Cost efficiencies and exploration potential were also emphasized. However, there were some adjustments to Kiena's production guidance and increased capital expenditures. Overall, the positive aspects outweighed the challenges faced.Company Guidance
During the third quarter of 2024, Wesdome Gold Mines reported significant operational and financial improvements. Gold production reached a record 45,109 ounces, marking a 62% increase compared to the previous year, driven by high-grade zones at both Eagle River and Kiena mines. The company achieved an all-in sustaining cost of USD 1,408 per ounce, the lowest in over two years, supporting strong margins. Financially, revenue surged by 111% year-over-year to $147 million, and net income rose to $39 million or $0.26 per share. Cash flow from operations increased by 35%, contributing to a strengthened balance sheet with working capital growing to $70 million. Despite modest adjustments to Kiena's guidance due to production resequencing, the consolidated production target for 2024 remains at approximately 170,000 ounces. Wesdome reaffirmed its 2025 production guidance of 175,000 to 210,000 ounces and highlighted key initiatives, including a full mill strategy and aggressive exploration programs, aimed at sustaining future growth and value creation.Record Gold Production
Achieved record gold production of 45,109 ounces, marking a 62% increase over Q3 2023. This was driven by accessing higher-grade zones at both Eagle River and Kiena mines.
Strong Financial Performance
Revenue increased 111% year-over-year to $147 million, driven by higher production and a 33% increase in realized gold price. Net income rose to $39 million or $0.26 per share.
Eagle River and Kiena Deep Success
Eagle River processed 57,984 tons, a 7% increase from the prior year, with grades improving by 10%. Kiena Deep showed consistent ramp-up, tripling production compared to the prior year.
Cost Control and Efficiency
All-in sustaining costs were the lowest in two years at $1,408 per ounce. Initiatives to transition from contractor to owner-operated model and optimize mine parameters are underway.
Exploration and Expansion Potential
Significant exploration results at both Eagle River and Kiena, with a total of 83,000 meters drilled at Eagle and 60,000 meters at Kiena, showing potential for resource growth.
---
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 |
|---|---|---|---|
| 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% |
| Mar 12, 2024 | C$9.77 | C$9.31 | -4.71% |
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 Mar 19, 2025, TBA Not Confirmed.
What is Wesdome Gold Mines (TSE:WDO) earnings time?
Wesdome Gold Mines (TSE:WDO) earnings time is at Mar 19, 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 2024 (Q4) is 0.36.
---