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Wesdome boosts proven and probable gold reserves 17% to 1.4 Moz, extends mine life to 2033, and targets 230,000 oz production by 2028.

Company Fundamentals
24 Jun 2026
Newsfile Corp
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Bullish
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Wesdome Gold Mines announced a 17% increase in proven and probable mineral reserves to a record 1.4 million ounces, driven by a 39% reserve growth at Eagle River. Both Eagle River and Kiena mines now have an eight-year reserve life through 2033, supporting stable and growing production expected to reach up to 230,000 ounces annually by 2028. The company plans to maintain all-in sustaining costs in line with 2026 guidance and expects over $1 billion in free cash flow over three years at a gold price of $4,000/oz. Wesdome also initiated a quarterly dividend and expanded its share buyback program, reflecting confidence in its long-term growth and cash flow generation potential.

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