Overview

* Wesdome Q2 revenue of CAD 208.5 mln missed analyst expectations

* Adjusted EPS for Q2 beat estimates, reflecting strong operational performance

* Net income for Q2 rose nearly threefold to CAD 82.7 mln

Outlook

* Company raises upper end of Eagle River production guidance for 2025

* Company lowers cost expectations for Eagle River in 2025

* Kiena production and unit cost targets updated for H2 2025

* Company expects stronger results in H2 2025 across operations

Result Drivers

* PRODUCTION DECREASE - Consolidated gold production fell by 3% to 42,781 ounces in Q2 2025 compared to Q2 2024, attributed to an 18-day planned mill maintenance shutdown, per CEO Anthea Bath

* GOLD PRICE IMPACT - Average realized price of gold sold in Q2 2025 was US$3,279 per ounce, contributing to a 119% increase in gold revenue at Eagle River

* COST INCREASE - All-in sustaining costs per ounce sold rose by 6% to US$1,528, driven by higher sustaining capital expenditures and cash costs, despite a decrease in cost of sales per ounce sold by 1% to US$932

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Miss C$208.50 C$211

Revenue mln mln (1

Analyst)

Q2 Beat C$0.52 C$0.47

Adjusted (3

EPS Analysts

)

Q2 EPS C$0.55

Q2 Net C$82.70

Income mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the gold peer group is "buy"

* Wall Street's median 12-month price target for Wesdome Gold Mines Ltd ( WDOFF ) is C$24.00, about 25.1% above its August 12 closing price of C$17.97

* The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)