Wesdome Gold Mines stock outlines growth plan for two mines

Published on 10/04/2026 at 14:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Wesdome Gold Mines stock was last at CAD 35.28 on October 2, 2026, 5.2 percent below its yearly high. Q2 revenue reached CAD 266.764 million.

WDO, CA95083R1001, Illustration mit AI erstellt.

Wesdome Gold Mines stock was last at CAD 35.28 on the Toronto Stock Exchange on October 2, 2026 at 4:00 p.m. ET, leaving the shares 5.2 percent below their 52-week high of CAD 37.22. The company outlined a growth plan for its Eagle River and Kiena mines in a presentation covered by Yahoo Finance on October 2, 2026.

Existing mills drive the plan

Wesdome said Eagle River was operating at 70 percent of milling capacity and Kiena at 40 percent in the October 2 presentation. The strategy centers on increasing throughput at both sites before larger district-scale projects require additional capital, according to Yahoo Finance.

The company also plans CAD 55 million of exploration spending in 2026 and 270 kilometers of drilling. Wesdome said its conceptual exploration target reaches 6.3 million ounces, while the presentation stressed that this figure is not a resource estimate, keeping the exploration upside separate from current reserves.

Q2 delivered CAD 94 million profit

For the quarter ended June 30, 2026, Wesdome reported CAD 266.764 million of revenue, CAD 93.955 million of net income and diluted earnings of CAD 0.63 per share in standardized financial statements. The company discussed the same quarter on its earnings call carried by Yahoo Finance on August 14, 2026, reporting adjusted earnings of CAD 0.65 per share and free cash flow of CAD 42 million.

The quarter also showed a split operating picture. Kiena production rose 28 percent year over year to 22,026 ounces in Q2 2026, while Eagle River production fell 15 percent to 21,797 ounces, according to Newsfile.

Consensus target trails the quote

MarketBeat reported a Buy consensus from six analysts on September 30, 2026, consisting of one Strong Buy, four Buy ratings and one Hold rating. Its average 12-month target was CAD 33.38, while National Bank Financial and Desjardins had targets of CAD 40.00, according to MarketBeat. The average target sits 5.4 percent below the October 2 quote, making execution of the mill strategy more important than the headline consensus.

WDO stays below its yearly high

WDO traded with a market capitalization of CAD 5.2 billion and volume of 313,154 shares on October 2, 2026. The 52-week range was CAD 19.48 to CAD 37.22, placing the CAD 35.28 quote 81.2 percent above its low and 5.2 percent below its high.