Wesdome Gold Mines (WDO) investor relations material

Strategic positioning and value proposition

• Operates two of Canada's highest-grade gold mines with large, underexplored land packages on prolific greenstone belts, supporting robust organic growth and high margins.

• Maintains a debt-free balance sheet with over $430M in cash and a $250M credit facility, enabling strong liquidity and capital returns to shareholders.

• Focuses on a 'fill-the-mill' strategy, leveraging exploration, cost optimization, and strategic investments to maximize mill utilization and production.

Operational and financial performance

• 2026 gold production guidance is 180,000–205,000 oz at consolidated grades of 10.0–12.0 g/t, with all-in sustaining costs (AISC) of US$1,525–1,700/oz.

• Achieved significant free cash flow and operating cash flow growth, with Q1 2026 free cash flow at $125.9M and cash margin at $299.8M.

• Maintains industry-leading reserve grades (10.2 g/t), high free cash flow yield (6.5%), and strong return on invested capital (36.5%).

• Returned $68M to shareholders via capital return programs and completed an initial NCIB in April 2026.

Exploration and growth initiatives

• Fully funded $55M, 270,000-metre drill program in 2026 targets over 250 known exploration targets across Eagle River and Kiena.

• Eagle River and Kiena both have extensive underexplored zones, with ongoing multi-year exploration to convert resources and expand reserves.

• Strategic focus on leveraging global models and cost optimization to increase operational flexibility and resource conversion.