Wesdome Gold Mines stock falls 1.70 percent as cash flow dips

Published on 10/05/2026 at 18:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Wesdome Gold Mines stock trades at CAD 34.68 on October 5, 2026, while Q2 revenue reached CAD 266.76 million. Free cash flow fell to CAD 42 million from CAD 53 million.

WDO, CA95083R1001, Illustration mit AI erstellt.

Wesdome Gold Mines (ISIN CA95083R1001) was trading at CAD 34.68 on the TSX on October 5, 2026 at 12:39 p.m. ET, down 1.70 percent from CAD 35.28. The move follows a second quarter with CAD 266.76 million in revenue and CAD 93.96 million in net income, according to the Yahoo Finance transcript covering the period ended June 30, 2026.

Q2 cash flow fell to CAD 42 million

Wesdome generated CAD 42 million in free cash flow in Q2 2026, compared with CAD 53 million in Q2 2025. The company attributed the year-over-year decline to several items, including the timing of a CAD 21 million prepaid tax installment during the quarter, the Yahoo Finance transcript said.

Adjusted earnings per share was CAD 0.65, while reported earnings per share was CAD 0.64 for Q2 2026. Operating cash flow reached CAD 87.09 million, and the balance sheet carried CAD 390.93 million in cash at June 30, 2026.

Buy consensus sits below the TSX quote

PriceTargets reported a Buy consensus from six analysts on September 28, 2026, with an average 12-month target of CAD 33.38. The published target range was CAD 28.00 to CAD 40.00, placing the market debate on valuation against Wesdome's operating execution.

The company is advancing two Canadian underground operations, Eagle River in Ontario and Kiena in Quebec. Q2 production included more than 22,000 ounces at Eagle River and more than 22,000 ounces at Kiena, while Wesdome's updated mine plans provide eight years of reserve-based operating life at both sites, according to the Yahoo Finance transcript.

Wesdome Gold Mines stock remains below its yearly high

Wesdome Gold Mines stock was trading at CAD 34.68 on the TSX on October 5, 2026 at 12:39 p.m. ET, with a market capitalization of CAD 5.1 billion and a 52-week range of CAD 19.48 to CAD 37.22. The reference price was CAD 2.54 below the 52-week high.