Wesdome Gold Mines Ltd. Earnings Recaps
Q1 2026
May 14, 2026
Wesdome’s Q1 results beat expectations, driving a 3.1% positive stock reaction, supported by record revenue, strong production, and robust free cash flow that enabled continued share repurchases.
Key takeaways
- Revenue reached a record $300 million, supported by sustained solid production and strong gold prices.
- Net income hit $119 million, or $0.79 per share, marking a continuation of sequential financial growth.
- EBITDA totaled $212 million, reflecting efficient operational execution.
- Operating cash flow was $162 million, with free cash flow at a record $126 million, representing 42% of revenue.
- The company repurchased nearly $50 million in shares, with a second tranche approved, signaling confidence in the business outlook.