Wesdome Gold Mines (WDO) Corporate presentation summary

Strategic vision and growth outlook

• Largest mineral reserves in company history support an 8-year reserve-based mine plan, with scalable organic growth and nearly doubled inferred resources since the last update.

• Production is expected to grow to up to 230,000 ounces annually by 2028, with stable all-in sustaining costs (AISC) supporting resilient margins.

• Free cash flow from 2026 to 2028 is projected at $0.9B–$1.4B, with a robust capital return program including quarterly dividends and expanded share buybacks.

• Multi-year exploration strategy is supported by a $55M budget and 270 km of drilling in 2026, targeting both delineation and growth opportunities.

• The company is focused on value creation through disciplined M&A, ongoing capital returns, and enhancing productivity and execution.

Operational and financial performance

• Q1 2026 revenue reached $299.8M, with net income of $118.9M and free cash flow of $125.9M; cash and cash equivalents stood at $430.6M.

• 2026 consolidated gold production guidance is 180,000–205,000 oz at an AISC of $1,525–$1,700/oz, with production split between Eagle River (105,000–115,000 oz) and Kiena (75,000–90,000 oz).

• Market capitalization as of July 31, 2026, was $3.9B, with a share price of $26.01 and a dividend yield of 0.47%.

• $145M has been returned to shareholders via share repurchases since November 2025, and the initial annualized dividend per share is $0.1224.

• The company maintains a strong balance sheet with $431M in cash and a US$250M credit facility.

Asset portfolio and exploration potential

• Eagle River and Kiena are among Canada’s highest-grade gold mines, with reserve grades of 7.3 g/t and 8.7 g/t Au, respectively.

• Eagle River has produced over 2 million ounces since 1995, with ongoing high-grade discoveries and a proven track record of reserve replacement.

• Kiena has produced over 2 million ounces since 1981 and is open at depth, with high-grade deep extensions and near-mine targets.

• Exploration targets across both properties total 2.4–6.3 Moz Au, with systematic tiered prioritization to drive future resource growth.

• Over 145,000 metres of drilling are planned for 2026, with more than 100 targets identified across the land packages.