en.Wedoany.com Reported - Wesdome Gold Mines Ltd. (TSX: WDO, OTCQX: WDOFF) announced production results for the three and six months ended June 30, 2026 (Q2 2026 and year-to-date). The company plans to release its second-quarter financial results after market close on Thursday, August 13, 2026, followed by a conference call and webcast the next morning.
In the second quarter, the Eagle River mine processed 72,439 tonnes of ore, up 49% year-over-year; the Kiena mine processed 62,515 tonnes, up 24%. In terms of grade, Eagle River averaged 9.7 grams per tonne, down 42% year-over-year; Kiena averaged 11.1 grams per tonne, up 4%. Eagle River gold production was 21,797 ounces, down 15% year-over-year; Kiena production was 22,026 ounces, up 28%. Total company gold production was 43,823 ounces, up 2% year-over-year; sold production was 44,100 ounces, down 4%.
Year-to-date, Eagle River processed 144,170 tonnes of ore, up 33% year-over-year; Kiena processed 117,165 tonnes, up 18%. Eagle River averaged 11.1 grams per tonne, down 31% year-over-year; Kiena averaged 10.6 grams per tonne, down 2%. Eagle River gold production was 49,644 ounces, down 9% year-over-year; Kiena production was 39,483 ounces, up 17%. Total production was 89,126 ounces, up 1% year-over-year; sold production was 89,700 ounces, down 2%.
Wesdome President and CEO Anthea Bath stated that the second-quarter results reflect operational discipline and strategic execution, and the company is well positioned to achieve its full-year production guidance of 180,000 to 205,000 ounces. Eagle River performed in line with the operating plan, processing higher tonnage but lower-grade ore in the second quarter, primarily reflecting planned stope sequencing, with grades expected to improve in the second half of the year. Kiena continued its growth momentum, with quarter-over-quarter production growth of approximately 25%, and the first Presqu'île stope is expected to begin production later this week, marking an important milestone in expanding the mining zone beyond Kiena Deep and supporting stronger production performance in the second half of the year. Since launching the Normal Course Issuer Bid (NCIB) in late November, the company has repurchased over 4% of its outstanding shares. Combined with the expansion of the share buyback program and the quarterly cash dividend commencing in September, this underscores the company's confidence in the durability and quality of free cash flow, reflecting a disciplined and balanced approach to capital returns.
Wesdome is a Canada-focused gold producer with two high-grade underground assets: the Eagle River mine in Ontario and the Kiena mine in Quebec. Its primary objective is to leverage its operating platform and exploration pipeline to build a value-driven, growth-oriented intermediate gold producer.
