Wesdome Achieves Historic Production Milestone and Strengthens Long-Term Strategy

has announced a landmark achievement in its corporate history, delivering record annual gold production while outlining a clear and optimistic operational and financial outlook through 2026. The company’s latest performance underscores its operational discipline, geological expertise, and commitment to sustainable, high-margin gold mining in Canada.

Record Annual Gold Production: A Defining Year

In the most recent fiscal year, Wesdome delivered its highest annual gold production on record, reflecting strong execution across its core assets. This milestone was driven by consistent performance at both operating mines, improved grade control, and effective cost management. The company successfully balanced production growth with disciplined capital allocation, ensuring that increased output translated into strong financial results.

The record production year was not the result of short-term decisions, but rather the culmination of several years of strategic investment in exploration, mine planning, and operational optimization. By prioritizing high-grade ounces and maintaining flexibility in mine sequencing, Wesdome was able to respond effectively to changing market conditions while protecting margins.

Strong Performance Across Core Assets

Eagle River Mine: High-Grade Consistency

The Eagle River underground mine continued to serve as the backbone of Wesdome’s production profile. Known for its high-grade ore, the mine delivered steady output supported by ongoing underground development and targeted exploration drilling. Management emphasized that Eagle River’s geological continuity and exploration upside remain key advantages, providing confidence in long-term production sustainability.

Operational improvements at Eagle River focused on optimizing mining methods, improving dilution control, and enhancing workforce productivity. These efforts contributed to reliable mill feed and consistent recoveries, reinforcing the mine’s role as a cornerstone asset.

Kiena Mine: A Growth Engine Reignited

The Kiena mine played a critical role in driving Wesdome’s record production, benefiting from the continued ramp-up of high-grade zones. Strategic investments in underground infrastructure and exploration allowed the company to unlock new mineralized areas, supporting both near-term production and long-term growth.

Kiena’s transformation into a high-grade, long-life operation has been central to Wesdome’s growth narrative. The company highlighted that ongoing drilling continues to deliver encouraging results, reinforcing confidence in the mine’s ability to contribute meaningfully to production through 2026 and beyond.

Financial Discipline and Margin Protection

Alongside record production, Wesdome demonstrated strong financial discipline. The company maintained a focus on cost control, ensuring that operating costs remained competitive despite inflationary pressures affecting the broader mining industry. This disciplined approach helped protect margins and supported healthy cash flow generation.

Management emphasized that maintaining financial flexibility remains a top priority. By carefully managing capital expenditures and focusing on high-return projects, Wesdome aims to self-fund growth while preserving balance sheet strength.

2026 Production and Operational Guidance

Looking ahead, Wesdome provided clear guidance through 2026, outlining expectations for stable to growing gold production supported by its existing asset base. The guidance reflects confidence in mine plans, reserve quality, and exploration success, while also accounting for prudent assumptions around costs and operational risks.

The company’s multi-year outlook is built on three key pillars:

• Consistent high-grade production from established mining zones
• Continued exploration success to extend mine life and enhance flexibility
• Operational excellence focused on safety, efficiency, and cost control

Exploration Success and Resource Growth

Exploration remains a central component of Wesdome’s strategy. The company continues to invest in both near-mine and regional exploration programs, targeting extensions of known mineralization and new discoveries. Recent drilling results have reinforced management’s belief that both Eagle River and Kiena offer significant upside beyond current mine plans.

By integrating exploration closely with mine planning, Wesdome is able to rapidly convert discoveries into production opportunities. This approach not only enhances resource confidence but also supports flexible scheduling, allowing the company to prioritize the highest-value ounces.

Commitment to Safety and Sustainability

Wesdome reaffirmed its commitment to maintaining a strong safety culture and responsible mining practices. The company continues to invest in training, technology, and systems designed to protect employees and contractors while minimizing environmental impact.

Sustainability initiatives focus on efficient energy use, responsible water management, and community engagement. By working closely with local stakeholders, Wesdome aims to ensure that its operations deliver long-term benefits while meeting regulatory and social expectations.

Leadership Perspective and Strategic Vision

Company leadership highlighted that the record production year validates Wesdome’s long-term strategy of focusing on high-grade assets in stable jurisdictions. Rather than pursuing aggressive expansion through acquisitions, the company has concentrated on maximizing value from its existing portfolio.

This disciplined strategy has allowed Wesdome to build credibility with investors and stakeholders, demonstrating that consistent execution and geological excellence can deliver sustainable growth.

Market Position and Investor Confidence

Wesdome’s strong operational results and clear forward guidance position the company favorably within the mid-tier gold mining sector. Investors benefit from exposure to high-grade Canadian assets, a solid balance sheet, and a management team with a proven track record.

The company’s focus on transparency and realistic guidance further supports investor confidence, particularly in an environment where cost inflation and operational risk remain key concerns across the industry.

Outlook: Building on Momentum

As Wesdome looks toward 2026, management remains focused on building upon the momentum established by its record production year. Continued investment in people, exploration, and infrastructure is expected to support stable operations and incremental growth.

While challenges such as market volatility and operational risks remain, Wesdome’s disciplined approach and high-quality asset base provide a strong foundation for long-term success.

Conclusion

Wesdome’s delivery of record annual gold production marks a defining moment in the company’s evolution. Supported by strong performance at Eagle River and Kiena, disciplined financial management, and a clear multi-year outlook, the company is well-positioned to continue creating value through 2026 and beyond.

With a focus on high-grade ounces, exploration-driven growth, and responsible mining practices, Wesdome has demonstrated that sustainable success in the gold sector is built on consistency, expertise, and long-term vision.

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