06:02 AM EDT, 06/25/2026 (MT Newswires) -- Wesdome Gold Mines ( WDOFF ) released the results of its updated mineral reserve and mineral resource statement, effective Dec. 31, 2025, outlining an extended eight-year mine life for the Eagle River and Kiena mines.

Proven and probable mineral reserves increased to 5.4 million tonnes at 7.9 grams per tonne gold for 1.4 million ounces, led by a 39% reserve growth at Eagle River.

Inferred mineral resources rose 87% to 15.1 Mt at 2.5 g/t Au for 1.2 Moz.

Consolidated gold production is forecast to climb to 185,000 to 230,000 ounces in 2028, from a previous estimate of 180,000 to 205,000 ounces. Eagle River is expected to contribute 100,000 to 120,000 ounces per year in 2027 and 2028, and Kiena is expected to contribute 85,000 to 110,000 ounces by 2028.

The production profile is forecast to rise up to 230,000 ounces by 2028, with consolidated all-in sustaining costs projected to stay mostly in line with 2026 guidance of US$1,525 to US$1,700 per ounce.

Separately, Wesdome's board declared a quarterly cash dividend of C$0.0306 per common share, payable Sept. 29 to shareholders of record as of the close of business on Sept. 15. On an annualized basis, the dividend is C$0.1224 per share.

In addition, the Toronto Stock Exchange approved the company's notice of intention to repurchase 3 million additional shares under its ongoing 12-month normal course issuer bid ending Nov. 6. This brings up the total number of shares Wesdome will repurchase to 9.0 million, representing about 6% of its public float.