Wesdome Announces First Quarter 2025 Production; Provides Timing of First Quarter Financial Results and Webcast
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Wesdome Gold Mines Ltd
TSX: WDO
OTCQX: WDOFF
www.wesdome.com
WESDOME ANNOUNCES FIRST QUARTER 2025 PRODUCTION;
PROVIDES TIMING OF FIRST QUARTER FINANCIAL RESULTS AND WEBCAST
Toronto, Ontario – April 10, 2025 – Wesdome Gold Mines Ltd. (TSX: WDO , OTCQX: WDOFF) (“Wesdome” or
the “Company”) today announces its production results for the first quarter ended March 31, 2025 (“Q1 2025”). The
Company is also providing notice that it will release its Q1 2025 financial results after market s close on Tuesday,
May 13, 2025 and host a conference call and webcast the following morning on May 14, 2025.
Q1 2025 Production Performance
Q1 2025 Q1 2024 Change
Ore milled (tonnes)
Eagle River 60,010 51,632 16%
Kiena 48,690 45,344 7%
Average head grade (g/t)
Eagle River 15.6 15.5 1%
Kiena 10.8 5.9 83%
Gold production (oz)
Eagle River 28,999 24,899 16%
Kiena 16,693 8,423 98%
Total gold production 45,692 33,322 37%
Production sold 45,300 35,700 27%
Anthea Bath, President and CEO of Wesdome, commented, “We are pleased to report that total gold production
for the first quarter exceeded our expectations, and we remain on track to meet our full -year production guidance.
As previously outlined, we expect a second -half weighted production profile with the fourth quarter projected to
account for approximately 30%, and all-in sustaining costs per ounce in the first half of the year to be approximately
15% above full-year guidance, reflecting the timing of production and sustaining capital expenditures.
“Eagle River had a strong start to the year driven by higher-than-anticipated average head grade from the 300 Zone.
The operations team continues to execute well against the planned mining sequence, benefiting from positive grade
reconciliation and the processing of ore stockpiled in late 2024 . We continue to expect Eagle River to produce
between 100,000 and 110,000 ounces of gold in 2025.
“Kiena’s production in the first quarter nearly doubled compared to the same period last year, reflecting the ongoing
ramp-up of high-grade feed from the Kiena Deep Zone that commenced in April 2024. Underground mining activities
in select areas of the South and North Limbs as well as Kiena Deep A2 Zone are transitioning from a primarily long-
hole mining method to a hybrid approach, combining cut-and-fill and long-hole stoping. We are steadily ramping up
this new approach, which is already delivering encouraging results early in the second quarter and helping to drive
more predictable performance.
“With a strong first quarter, we are well-positioned to achieve our operational targets for the remainder of the year.”
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Conference Call and Webcast
Management will host a conference call and webcast to discuss the Company’s Q1 2025 financial and operating
results. A question-and-answer session will follow management’s prepared remarks. Details of the webcast are as
follows:
Date and time: Wednesday, May 14, 2025 at 10:00 a.m. ET
Dial-in numbers: To access the call by telephone, dial 1.646.968.2525 or 1.888.596.4144 (toll-free).
The event passcode is: 8215935. Please allow up to 10 minutes to be connected.
Webcast link: https://events.q4inc.com/attendee/291203613
Pre-registration is required for this event. It is recommended you join 10 minutes prior to
the start of the event. The webcast can also be accessed from the home page of the
Company’s website at www.wesdome.com.
The financial statements and management ’s discussion and analysis will be available on the Company’s website
at www.wesdome.com and on SEDAR+ www.sedarplus.ca the evening of Tuesday, May 13, 2025.
About Wesdome Gold Mines Ltd.
Wesdome is a Canadian-focused gold producer with two high -grade underground assets, the Eagle River mine in
Ontario and the Kiena mine in Québec. The Company’s primary goal is to responsibly leverage its operating platform
and high-quality brownfield and greenfield exploration pipeline to build a growing value-driven gold producer.
For further information, please contact:
Raj Gill Trish Moran
SVP, Corporate Development & Investor Relations VP, Investor Relations
Phone: +1.416.360.3743 Phone: +1.416.564.4290
E-Mail: [email protected] E-mail: [email protected]
Technical Disclosure
The technical and geoscientific content of this press release have been reviewed, and approved by Guy Belleau,
P.Eng, Chief Operating Officer of the Company , a "Qualified Person" as defined in National Instrument 43 -101 -
Standards of Disclosure for Mineral Projects.
Forward-Looking Statements
This press release contains "forward -looking information" within the meaning of applicable Canadian securities
legislation, which is based on expectations, estimates, projections, and interpretations as of the date of this release.
Forward-looking information includes, without limitation, statements regarding the Company’s production,
specifically its production guidance and expected production profile, for the remainder of 202 5; expected all -in
sustaining costs per ounce in the first half of 2025; and the anticipated achievement of operational targets for the
remainder of 2025.
These forward-looking statements involve various risks and uncertainties and are based on certain factors and
assumptions. Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should
underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking
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statements or information. These risks, uncertainties and other factors including those risk factors discussed in the
sections titled “Cautionary Note Regarding Forward Looking Information” and “Risks and Uncertainties” in the
Company’s most recent Annual Information Form. Readers are urged to carefully review the detailed risk discussion
in our most recent Annual Information Form which is available on SEDAR+ and on the Company’s website.
There can be no assurance that forward -looking statements or information will prove to be accurate, as actual
results and future events could differ materially from those anticipated in such statements. The Company
undertakes no obligation to update forward -looking statements if circumstances, management’s estimates or
opinions should change, except as required by securities legislation. Accordingly, the reader is cautioned not to
place undue reliance on forward-looking statements.