Wesdome Gold Mines (WDO) Corporate presentation summary

Strategic positioning and value proposition

• Operates two high-grade, 100% owned Canadian gold mines with large, underexplored land packages on greenstone belts.

• Maintains a debt-free balance sheet with $770M liquidity, including $430M in cash, and an opportunistic share buyback program.

• Focuses on organic growth through a multi-year exploration program and cost optimization strategies.

• Achieves industry-leading return on invested capital and robust free cash flow yield.

Operational and financial performance

• 2026 gold production guidance is 180,000–205,000 oz at consolidated grades of 10.0–12.0 g/t.

• All-in sustaining costs (AISC) for 2026 are forecast at US$1,525–1,700/oz, with strong operating cash flow and free cash flow generation.

• Q1 2026 revenue was $299.8M, net income $118.9M, and free cash flow $125.9M; cash balance at March 31, 2026 was $431M.

• 10-year CAGR of 32% in share price, outperforming gold and peer indices.

Asset portfolio and exploration

• Eagle River (Ontario) and Kiena (Québec) are among Canada’s highest-grade gold mines, with 2P reserves of 487koz at 12.3 g/t and 701koz at 9.1 g/t, respectively.

• Multi-year, fully funded $55M exploration program in 2026 targets 270,000 metres of drilling across 250+ known targets.

• Eagle River has produced over 2Moz since 1995; Kiena has produced over 2Moz since 1981.

• Both mines have significant untapped exploration potential, with extensive regional targets and ongoing resource conversion.