Wesdome Announces First Quarter 2025 Production; Provides Timing of First Quarter Financial Results and Webcast
TORONTO, April 10, 2025 (GLOBE NEWSWIRE) -- Wesdome Gold Mines Ltd. (TSX: WDO, OTCQX: WDOFF) ('Wesdome' or the 'Company') today announces its production results for the first quarter ended March 31, 2025 ('Q1 2025'). The Company is also providing notice that it will release its Q1 2025 financial results after markets close on Tuesday, May 13, 2025 and host a conference call and webcast the following morning on May 14, 2025.
Q1 2025 Production Performance
Q1 2025 Q1 2024 Change
Ore milled (tonnes)
Eagle River 60,010 51,632 16%
Kiena 48,690 45,344 7%
Average head grade (g/t)
Eagle River 15.6 15.5 1%
Kiena 10.8 5.9 83%
Gold production (oz)
Eagle River 28,999 24,899 16%
Kiena 16,693 8,423 98%
Total gold production 45,692 33,322 37%
Production sold 45,300 35,700 27%
Anthea Bath, President and CEO of Wesdome, commented, 'We are pleased to report that total gold production for the first quarter exceeded our expectations, and we remain on track to meet our full-year production guidance. As previously outlined, we expect a second-half weighted production profile with the fourth quarter projected to account for approximately 30%, and all-in sustaining costs per ounce in the first half of the year to be approximately 15% above full-year guidance, reflecting the timing of production and sustaining capital expenditures.
'Eagle River had a strong start to the year driven by higher-than-anticipated average head grade from the 300 Zone. The operations team continues to execute well against the planned mining sequence, benefiting from positive grade reconciliation and the processing of ore stockpiled in late 2024. We continue to expect Eagle River to produce between 100,000 and 110,000 ounces of gold in 2025.
'Kiena's production in the first quarter nearly doubled compared to the same period last year, reflecting the ongoing ramp-up of high-grade feed from the Kiena Deep Zone that commenced in April 2024. Underground mining activities in select areas of the South and North Limbs as well as Kiena Deep A2 Zone are transitioning from a primarily long-hole mining method to a hybrid approach, combining cut-and-fill and long-hole stoping. We are steadily ramping up this new approach, which is already delivering encouraging results early in the second quarter and helping to drive more predictable performance.
'With a strong first quarter, we are well-positioned to achieve our operational targets for the remainder of the year.'
Conference Call and Webcast
Management will host a conference call and webcast to discuss the Company's Q1 2025 financial and operating results. A question-and-answer session will follow management's prepared remarks. Details of the webcast are as follows:
The financial statements and management's discussion and analysis will be available on the Company's website at www.wesdome.com and on SEDAR+ www.sedarplus.ca the evening of Tuesday, May 13, 2025.
About Wesdome Gold Mines Ltd.
Wesdome is a Canadian-focused gold producer with two high-grade underground assets, the Eagle River mine in Ontario and the Kiena mine in Québec. The Company's primary goal is to responsibly leverage its operating platform and high-quality brownfield and greenfield exploration pipeline to build a growing value-driven gold producer.
For further information, please contact:
Technical Disclosure
The technical and geoscientific content of this press release have been reviewed, and approved by Guy Belleau, P.Eng, Chief Operating Officer of the Company, a 'Qualified Person' as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
Forward-Looking Statements
This press release contains 'forward-looking information' within the meaning of applicable Canadian securities legislation, which is based on expectations, estimates, projections, and interpretations as of the date of this release. Forward-looking information includes, without limitation, statements regarding the Company's production, specifically its production guidance and expected production profile, for the remainder of 2025; expected all-in sustaining costs per ounce in the first half of 2025; and the anticipated achievement of operational targets for the remainder of 2025.
These forward-looking statements involve various risks and uncertainties and are based on certain factors and assumptions. Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. These risks, uncertainties and other factors including those risk factors discussed in the sections titled 'Cautionary Note Regarding Forward Looking Information' and 'Risks and Uncertainties' in the Company's most recent Annual Information Form. Readers are urged to carefully review the detailed risk discussion in our most recent Annual Information Form which is available on SEDAR+ and on the Company's website.
There can be no assurance that forward-looking statements or information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances, management's estimates or opinions should change, except as required by securities legislation. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hamilton Spectator
2 hours ago
- Hamilton Spectator
U.S. ambassador says Canadians facing device searches, detainment ‘not a pattern'
OTTAWA - The American ambassador to Canada is pushing back on Ottawa's travel advice, saying his country doesn't search phones at the border and arguing some Americans travelling here are having a tough time. 'We welcome Canadians to come in and invest, to spend their hard-earned Canadian dollars at U.S. businesses,' U.S. Ambassador Pete Hoekstra told The Canadian Press in an interview Friday. 'If a Canadian has had a disappointing experience coming into the United States, I'm not denying that it happened, but I'm saying it's an isolated event and it is not a pattern.' In April, Ottawa updated its advice to Canadians travelling to the United States to warn them about the possibility they might be detained if denied entry. 'Expect scrutiny at ports of entry, including of electronic devices,' reads the new guidance. There have been reports of Canadians facing intensified scrutiny at the border, having phones searched and, in some cases, being detained. Hoekstra insisted concerns about device searches are not grounded in reality. 'Coming to the U.S., that's a decision for the Canadians to make. Searching devices and all of that is not a well-founded fear. We don't do that. America is a welcoming place,' he said. He said some Americans have expressed similar concerns about Canada. 'I've heard that from Americans coming into Canada as well, OK? Saying, 'You know, we've not received a warm reception when we've gotten to Canadian customs,'' he said. When asked if these reports from American travellers involve arbitrary phone searches and lengthy detainment, Hoekstra said there are consular cases of Americans complaining to the embassy about the Canada Border Services Agency. 'We've said, 'OK this may have been an isolated event. There may have been a Canadian border person who was having a bad day, and thought they'd take it out on, you know, somebody across the border,'' he said. In a statement, the CBSA said its officers follow a code of conduct and the federal ethics code that both require them to treat everyone equally, and the agency investigates any complaints of mistreatment. 'Employees are expected to conduct themselves in a way that upholds the values of integrity, respect and professionalism at all times,' wrote spokeswoman Karine Martel. 'Treating people with respect, dignity and fairness is fundamental to our border services officers' relationship with the public and a key part of this is serving all travellers in a non-discriminatory way.' Hoekstra said travel to the U.S. is up to individuals. 'If you decide that you're not going to come down or whatever, that's your decision and you're missing an opportunity. There are great things to see in America,' Hoekstra said. He also noted the case of CNN journalist Christiane Amanpour, who recently said she prepared to visit the U.S. last month as if she was 'going to North Korea' — with a 'burner phone' that didn't carry any personal information — only to experience a warm welcome. 'It's like, (let's) get past the rhetoric and let's look at the real experiences that people are having here,' Hoekstra said. Airlines have been cutting flights between Canada and the U.S. due to a slump in demand, and Flight Centre Travel Group Canada reported a nearly 40 per cent drop in flights between the two countries year-over-year in February. A survey in early May conducted by Leger Marketing for the Association for Canadian Studies found 52 per cent of respondents feel that 'it is no longer safe for all Canadians travelling to the United States,' with 29 per cent disagreeing and 19 per cent saying they were unsure. Roughly the same proportion said they personally feel unwelcome in the U.S. LGBTQ+ groups have opted against attending World Pride events in Washington and United Nations events in New York, citing scrutiny at the border as the Trump administration scales back protections for transgender and nonbinary people. This report by The Canadian Press was first published June 7, 2025.
Yahoo
2 hours ago
- Yahoo
Hispanic Heritage Council receives $7M for construction of cultural institute
BUFFALO, N.Y. (WIVB) — The Hispanic Heritage Council of Western New York will receive $7 million from New York State to complete the construction of its cultural institute on Buffalo's West Side, Gov. Kathy Hochul announced Sunday. The council's plans for the multi-use 37,000-square-foot facility on the corner of Niagara and Hudson Streets was first announced in 2019, but it has since faced delays due to COVID-19. Hochul described the investment as a 'gap-filling' initiative for phase two of the institute, which will serve as a hub for Hispanic history, arts and community. The $30 million facility broke ground in September 2023 at the beginning of Hispanic Heritage Month. The council plans for the institute to house a museum, 150-seat performing arts theater, event spaces, cafe, media center and learning labs. 'We are deeply grateful to Governor Hochul for her unwavering support of the Hispanic Heritage Cultural Institute. This historic investment is not just a milestone for the Buffalo Hispanic community — it's a gift to all of Western New York,' said Casimiro Rodriguez, the council's president and founder. 'As the first of its kind, this institute will serve as a vibrant hub for arts, culture, education, and heritage, drawing visitors from near and far, including our Canadian neighbors. It will enrich our region's cultural landscape and strengthen our identity as a welcoming and diverse community. The future is bright, and we are filled with hope and gratitude as we take this giant step forward together.' Hochul said the previous announcement in 2023 of a $5 million grant, along with additional funding, will continue to help with the completion of the project's second phase and grand opening. 'New Yorkers of Puerto Rican heritage have been an integral part of our state's cultural fabric for generations,' Hochul said. 'We are honored to make bold investments that will empower organizations to expand and thrive, ensuring that the vibrant presence of Puerto Rican culture in New York State remains a cherished aspect of our state's identity.' The council also received $1 million in federal funding in August 2023 for construction. Katie Skoog joined the News 4 team in April 2024. She is a graduate from the University at Buffalo. You can view more of her work here. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Business Upturn
5 hours ago
- Business Upturn
Miningcoop announced that it will comprehensively increase the interest rate of cloud mining contracts, and the daily return on investment for mining Bitcoin & Dogecoin can reach 6.8%.
By GlobeNewswire Published on June 8, 2025, 19:00 IST London, United Kingdom , June 08, 2025 (GLOBE NEWSWIRE) — As global demand for passive cryptocurrency income continues to surge in 2025, cloud mining has quickly become the preferred strategy for a growing number of investors. Amid rising financial uncertainty worldwide, investor interest in decentralized assets like Bitcoin (BTC) has soared, driving unprecedented demand for legal, secure, convenient, and high-return crypto investment platforms. Leading this transformation is Miningcoop—widely recognized as the most profitable and trusted Bitcoin and Dogecoin cloud mining platform of 2025. Unlike traditional mining setups, Miningcoop requires no expensive hardware or complex installations. With just a few clicks, users can begin earning stable daily returns through cloud-based crypto mining. Miningcoop: Delivering the Most Trusted Daily Crypto ROI Solutions in 2025 (Awarded Best Cloud Mining Platform) A key advantage of Miningcoop lies in its AI-powered, transparent, and quantifiable income model. Users can flexibly select from a variety of short- and medium-term mining contracts based on their budgets and profit goals. Contracts pay daily and automatically return the principal upon maturity—with no hidden fees or costs. Miningcoop's most popular mining contracts feature: · Contract durations starting from just 1 day · Daily earnings of up to $4,400, based on real mining pool output · Multi-currency support for deposits and withdrawals (BTC, ETH, DOGE, USDT) · Zero hardware costs, no maintenance required � Visit now to claim your free $100 bonus Example Earnings Table: The following chart illustrates the potential profit you can achieve. Mining Model Contract Price ($) Daily Rate (%) Daily Earnings ($) Duration (Days) Total Earnings ($) iPollo V1 Ultra 200 4.00% 8.00 1 8.00 Goldshell Mini-DOGE III 500 3.20% 16.00 2 32.00 Antminer L7 3,800 4.15% 157.70 5 788.50 Antminer S21 XP+ Hyd 30,000 6.80% 2,040.00 3 6,120.00 Withdrawals are supported in BTC, ETH, DOGE, or USDT. The minimum withdrawal amount is $200. Earnings are calculated and distributed automatically each day. Beginners Welcome: Start Your Crypto Passive Income with Zero Experience 1. Fast Account Registration: Visit and register with your email in just one minute. and register with your email in just one minute. 2. Claim Your $100 Free Mining Bonus: All new users receive a free 1-day contract worth $100, with estimated earnings up to $1.35. All new users receive a free 1-day contract worth $100, with estimated earnings up to $1.35. 3. Choose a High-Yield Plan: Select from a wide variety of BTC and DOGE mining contracts with flexible durations and stable daily returns. Select from a wide variety of BTC and DOGE mining contracts with flexible durations and stable daily returns. 4. Multi-Currency Payment, Instant Start: Pay using BTC, USDT, ETH, or DOGE—mining begins automatically after payment, no manual setup needed. Pay using BTC, USDT, ETH, or DOGE—mining begins automatically after payment, no manual setup needed. 5. Track Your Earnings in Real-Time: The user dashboard provides transparent insights into daily profits, balances, contract progress, and withdrawal history. The user dashboard provides transparent insights into daily profits, balances, contract progress, and withdrawal history. 6. Withdraw or Reinvest: Once your account reaches $200, withdraw at any time or reinvest into a new plan to enjoy compound growth. If you're searching for 'how to mine Bitcoin without hardware' or 'best Bitcoin cloud mining app for beginners,' Miningcoop is the ideal starting point. It offers a simple, secure, and beginner-friendly gateway into the world of crypto passive income. Trusted by Millions Worldwide: Miningcoop Ranked Among the Safest Cloud Mining Platforms of 2025 As of 2025, Miningcoop boasts over 1 million active users across 150+ countries and regions, making it one of the most widely adopted and trusted Bitcoin and Dogecoin cloud mining platforms globally. With consistent 4.6+ star ratings on Trustpilot , Reddit, and Google Reviews, Miningcoop ranks at the top in categories such as 'legal, verifiable, and high-yield cloud mining sites.' On the security front, Miningcoop has implemented cold wallet-based multi-layered encryption systems, AI-driven fraud detection, tiered firewalls, and behavior analysis technologies to effectively prevent hacking and fraudulent activity. The platform is also deeply integrated with world-leading mining pools to ensure 99.9% uptime and globally balanced load distribution. Conclusion: The Most Trusted Bitcoin Cloud Mining Platform of 2025 Offering Leading Investment Solutions As cloud mining enters a new era of compliance and intelligent efficiency, choosing a platform that is legal, secure, and high-yield is more important than ever. Backed by AI-powered hash rate scheduling, fully transparent profit mechanisms, and a world-class user experience, Miningcoop has earned its place as one of the most recommended crypto investment platforms of 2025. Start mining smarter today — visit and explore the leading Bitcoin and Dogecoin cloud mining solution of 2025. Begin your automated passive crypto income journey with confidence. Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. Cryptocurrency mining and staking involves risk. There is potential for loss of funds. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
