Wesdome Announces Second Quarter 2026 Production Results; ON Track to Achieve Full-Year Consolidated Production Guidance
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Wesdome Gold Mines Ltd
TSX: WDO
OTCQX: WDOFF
www.wesdome.com
WESDOME ANNOUNCES SECOND QUARTER 2026 PRODUCTION RESULTS;
ON TRACK TO ACHIEVE FULL-YEAR CONSOLIDATED PRODUCTION GUIDANCE
Toronto, Ontario – July 13, 2026 – Wesdome Gold Mines Ltd. (TSX: WDO , OTCQX: WDOFF ) (“Wesdome” or
the “Company”) today announces its production results for the three and six months ended June 30, 2026 (“Q2
2026” and “YTD 2026”). The Company is also providing notice that it will release its Q2 2026 financial results after
markets close on Thursday, August 13, 2026, and host a conference call and webcast the following morning.
Q2 and YTD 2026 Operating Highlights
Q2 2026 Q2 2025 % Change YTD 2026 YTD 2025 % Change
Ore milled (tonnes)
Eagle River 72,439 48,623 49% 144,170 108,633 33%
Kiena 62,515 50,299 24% 117,165 98,989 18%
Average grade (grams per tonne)
Eagle River 9.7 16.9 (42%) 11.1 16.2 (31%)
Kiena 11.1 10.7 4% 10.6 10.8 (2%)
Gold production (ounces)
Eagle River 21,797 25,612 (15%) 49,644 54,611 (9%)
Kiena 22,026 17,169 28% 39,483 33,862 17%
Total gold production 43,823 42,781 2% 89,126 88,473 1%
Production sold (ounces) 44,100 45,900 (4%) 89,700 91,200 (2%)
Anthea Bath, President and CEO of Wesdome, commented, "Our second quarter results reflect the operational
discipline and strategic execution that are central to Wesdome's approach to long-term value creation. With strong
momentum across both Eagle River and Kiena, we remain well -positioned to deliver on our full -year production
guidance of 180,000 to 205,000 ounces.
"Eagle River performed in line with our operational plan during the second quarter. As anticipated, Eagle River
processed higher tonnage at lower grades during the quarter, largely reflecting planned stope sequencing. Grades
are expected to improve in the second half of the year, and we remain confident in Eagle River's ability to achieve
its full-year guidance.
"Kiena continues to build meaningful momentum, with quarter -over-quarter production increasing approximately
25%, as improved execution and planning translate into greater operating consistency. Later this week, the first
Presqu'île stope is expected to enter production , marking a significant milestone in the expansion of our active
mining base beyond Kiena Deep. Presqu'île is expected to broaden the number of productive zones and support
the stronger production profile we anticipate in the second half of the year.
"Our capital allocation framework continues to generate tangible value for shareholders. Since launching our normal
course issuer bid in late November, we have repurchased more than 4% of our outstanding shares. Combined with
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the announced expansion of our share buyback program and the initiation of a quarterly cash dividend in
September, these actions underscore our confidence in the durability and quality of our free cash flow profile.
Together, they reflect a disciplined, balanced approach to returning capital, one that runs in parallel with our ongoing
investment in organic growth across the portfolio."
Conference Call and Webcast
Management will host a conference call and webcast to discuss the Company’s Q2 2026 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: Friday, August 14, 2026 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/255950472
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 Thursday, August 13, 2026.
Technical Disclosure
The technical and geoscientific content of this press release have been reviewed, and approved by Peter Gula,
P. Eng and General Manager of Eagle River Mine (wholly owned by Wesdome), a "Qualified Person" as defined in
National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
About Wesdome
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 mid-tier gold
producer.
Contact Information
Raj Gill Trish Moran
SVP, Corporate Development & Investor Relations VP, Investor Relations
Phone: +1.416.360.3743 Phone: +1.416.564.4290
Email: [email protected] Email: [email protected]
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 informat ion includes, without limitation, statements regarding: the timing of the Company’s Q2
2026 financial results and related conference call and webcast; the Company achieving its full -year consolidated
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2026 production guidance; Eagle River achieving full-year guidance; the expectation that the first Presqu'île stope
will enter production the week of July 13, 2026, expanding the number of active zones; and the expectation of a
stronger production profile at Kiena in the second half of the year.
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
statements or information. These risks, uncertainties and other factors including those risk factors discussed in the
sections titled “Cautionary Note Regarding Forward Looki ng 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 Compan y’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 forwar d-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.